FCOM vs. LSAT ETF Comparison

Comparison of Fidelity MSCI Telecommunication Services Index ETF (FCOM) to LeaderShares AlphaFactor Tactical Focused ETF (LSAT)

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$57.90

Average Daily Volume

78,923

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LSAT

LeaderShares AlphaFactor Tactical Focused ETF

LSAT Description

The investment seeks to generate long term capital growth. The fund will typically be invested in a diversified portfolio of equity securities, or investments that are economically tied to equity securities (i.e., derivatives) such as equity options, of companies with market capitalizations of at least $1 billion at the time of initial purchase. It may focus its investments in a particular sector, industry or group of industries. The fund may utilize derivatives, such as equity options and total return swap agreements, to seek to achieve its objective and for hedging purposes.

Grade (RS Rating)

Last Trade

$43.34

Average Daily Volume

9,105

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCOM	LSAT
30 Days	5.29%	5.76%
60 Days	7.10%	5.19%
90 Days	9.75%	6.88%
12 Months	35.81%	33.43%

3 Overlapping Holdings

Symbol	Grade	Weight in FCOM	Weight in LSAT	Overlap
CMCSA	B	4.15%	3.41%	3.41%
FOX	A	0.48%	3.73%	0.48%
NXST	C	0.41%	3.27%	0.41%

FCOM Overweight 90 Positions Relative to LSAT

Symbol	Grade	Weight
META	D	21.65%
GOOGL	C	12.65%
GOOG	C	9.85%
NFLX	A	5.0%
DIS	B	4.36%
VZ	C	4.13%
T	A	4.11%
TMUS	B	3.35%
TTD	B	1.8%
EA	A	1.57%
CHTR	C	1.49%
TTWO	A	1.37%
LYV	A	1.34%
WBD	C	1.27%
RBLX	C	1.25%
OMC	C	1.03%
FOXA	B	0.85%
NWSA	B	0.85%
PINS	D	0.84%
LBRDK	C	0.81%
IPG	D	0.77%
ROKU	D	0.74%
TKO	B	0.73%
SNAP	C	0.71%
NYT	C	0.65%
LUMN	C	0.65%
MTCH	D	0.63%
FYBR	D	0.52%
PARA	C	0.45%
EDR	A	0.42%
IAC	D	0.28%
CNK	B	0.28%
CCOI	B	0.28%
MSGS	A	0.27%
RDDT	B	0.26%
IRDM	D	0.25%
TDS	B	0.25%
SATS	D	0.24%
CARG	C	0.24%
TGNA	B	0.24%
ZI	D	0.2%
ZD	C	0.2%
YELP	C	0.18%
MGNI	A	0.16%
NPAB	B	0.16%
SIRI	C	0.15%
DJT	C	0.15%
CABO	C	0.14%
LBRDA	C	0.12%
TRIP	F	0.12%
GSAT	C	0.11%
CARS	B	0.1%
AMC	C	0.1%
QNST	B	0.09%
IMAX	B	0.09%
VMEO	B	0.08%
USM	B	0.08%
MSGE	F	0.08%
IDT	B	0.07%
LGF.A	C	0.07%
LILAK	D	0.07%
STGW	B	0.06%
GCI	D	0.06%
SSTK	F	0.06%
IAS	C	0.06%
BMBL	C	0.06%
TTGT	C	0.06%
SHEN	F	0.05%
PUBM	C	0.05%
SCHL	D	0.05%
ZIP	F	0.05%
FUBO	F	0.04%
EVER	F	0.04%
IBTA	C	0.04%
THRY	F	0.04%
GOGO	C	0.04%
ATUS	C	0.04%
MCS	B	0.04%
CNSL	C	0.03%
BOC	C	0.03%
ADV	D	0.03%
ATEX	D	0.03%
CCO	C	0.03%
GTN	F	0.03%
LGF.A	C	0.03%
MAX	F	0.03%
LILA	D	0.02%
EB	C	0.02%
AMCX	C	0.02%
ANGI	D	0.01%

FCOM Underweight 27 Positions Relative to LSAT

Symbol	Grade	Weight
JEF	A	-3.91%
TNL	A	-3.82%
VST	B	-3.78%
BMY	B	-3.72%
MAR	B	-3.7%
PPC	C	-3.62%
SRE	A	-3.55%
HLT	A	-3.54%
LH	C	-3.5%
VLO	C	-3.39%
ADTN	A	-3.37%
SPB	C	-3.25%
TDC	D	-3.19%
MPC	D	-3.19%
DKS	C	-3.14%
MTG	C	-3.14%
EBAY	D	-3.12%
DINO	D	-3.12%
DE	A	-3.1%
JNJ	D	-3.08%
POST	C	-3.06%
DD	D	-3.06%
HRB	D	-3.03%
EXPD	D	-3.01%
NSA	D	-2.86%
ARW	D	-2.83%
CNC	D	-2.56%