FCLD vs. TGLR ETF Comparison

Comparison of Fidelity Cloud Computing ETF (FCLD) to LAFFER TENGLER Equity Income ETF (TGLR)

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$23.78

Average Daily Volume

26,526

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TGLR

LAFFER TENGLER Equity Income ETF

TGLR Description

TGLR aims to provide long-term capital appreciation by actively selecting between 25-35 US large-cap stocks. The stocks selected are expected to produce above-market dividend yield with low turnover. The strategy is based on two valuation metrics the sub-adviser believes to be consistent indicators of company value: relative dividend yield and relative price-to-sales ratio. The metrics help determine over- and under valuation, security by security. The sub-adviser then conducts proprietary fundamental factor research to identify stocks for portfolio selection. The research considers both qualitative and quantitative factors such as: catalyst for outperformance, franchise value and market growth, firm management, sales or revenue growth, margins, positive free cash flow, dividend growth, P/E, asset turnover, leverage, and risk. The primary indicator for a stock sell is when the stocks dividend yield is lower than the S&P 500 Index, a sell range is determined.

Grade (RS Rating)

Last Trade

$26.27

Average Daily Volume

6,213

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCLD	TGLR
30 Days	-5.97%	-3.55%
60 Days	-7.37%	-2.48%
90 Days	-2.22%	1.34%
12 Months	47.37%

2 Overlapping Holdings

	Symbol	Grade	Weight in FCLD	Weight in TGLR	Overlap
	MSFT	D	4.82%	5.01%	4.82%
	ORCL	D	5.02%	4.96%	4.96%

FCLD Overweight 43 Positions Relative to TGLR

Symbol	Grade	Weight
INTU	D	4.66%
CRM	D	4.35%
NOW	D	4.31%
EQIX	F	3.06%
DLR	C	2.93%
DDOG	B	2.9%
SMCI	D	2.89%
WDAY	F	2.85%
SNOW	D	2.83%
WDC	A	2.74%
HUBS	D	2.73%
HPE	D	2.58%
NTAP	B	2.56%
MSTR	D	2.5%
TEAM	F	2.34%
MDB	D	2.31%
PSTG	C	2.13%
STX	C	2.07%
NTNX	C	2.06%
ZM	D	1.96%
TWLO	C	1.92%
DT	F	1.84%
XRX	F	1.83%
DAY	F	1.65%
DBX	F	1.57%
ESTC	B	1.51%
PATH	F	1.49%
CFLT	F	1.46%
CVLT	A	1.41%
BOX	F	1.37%
FIVN	F	1.35%
TDC	D	1.32%
FROG	C	1.22%
GTLB	D	1.2%
PEGA	D	1.14%
RNG	D	1.1%
VRNT	C	1.05%
FSLY	F	0.93%
DOCN	D	0.93%
INFA	D	0.9%
VERX	C	0.86%
AI	F	0.79%
SWI	B	0.67%

FCLD Underweight 8 Positions Relative to TGLR

Symbol	Grade	Weight
AVGO	D	-5.13%
HD	C	-4.5%
JPM	A	-4.25%
MCD	D	-4.19%
AXP	B	-4.18%
ABBV	D	-4.1%
CARR	A	-3.6%
CVX	B	-3.52%