FCPI vs. MGMT ETF Comparison

Comparison of Fidelity Stocks for Inflation ETF (FCPI) to Ballast Small/Mid Cap ETF (MGMT)

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$37.95

Average Daily Volume

18,281

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

MGMT

Ballast Small/Mid Cap ETF

MGMT Description

The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.

Grade (RS Rating)

Last Trade

$36.38

Average Daily Volume

17,156

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCPI	MGMT
30 Days	-3.14%	-2.30%
60 Days	1.17%	0.75%
90 Days	6.37%	1.77%
12 Months	21.16%	10.83%

2 Overlapping Holdings

	Symbol	Grade	Weight in FCPI	Weight in MGMT	Overlap
	ATKR	A	0.49%	2.11%	0.49%
	MTG	C	0.45%	2.84%	0.45%

FCPI Overweight 98 Positions Relative to MGMT

Symbol	Grade	Weight
MSFT	D	5.47%
AAPL	F	4.46%
NVDA	B	3.92%
VST	A	3.08%
MPC	B	2.57%
LLY	D	2.57%
NUE	B	2.54%
CF	D	2.5%
CHRD	B	2.42%
SWN	A	2.36%
PG	A	2.32%
NFG	A	2.19%
LNG	B	2.12%
AMR	D	1.98%
SPG	C	1.86%
OHI	C	1.79%
ABBV	C	1.75%
CL	A	1.71%
MO	A	1.69%
PSA	D	1.68%
KMB	A	1.67%
GOOGL	A	1.54%
BRBR	C	1.5%
MEDP	B	1.48%
BRK.A	C	1.43%
COKE	C	1.39%
MCK	A	1.34%
UTHR	B	1.29%
REGN	C	1.28%
VRTX	C	1.26%
AMGN	C	1.23%
MOH	D	1.22%
CAH	D	1.22%
CNC	C	1.21%
AVGO	D	1.16%
HUM	D	1.08%
META	B	1.04%
V	C	1.01%
MA	C	0.94%
WSM	A	0.71%
CRM	D	0.64%
ABNB	B	0.61%
BKNG	C	0.6%
TOL	B	0.56%
DFS	A	0.56%
ALSN	B	0.54%
COF	A	0.54%
ACGL	A	0.54%
QCOM	B	0.53%
ADBE	F	0.52%
CSCO	D	0.52%
RCL	A	0.52%
PCAR	D	0.52%
ACN	F	0.51%
ADP	B	0.51%
PHM	B	0.51%
COOP	A	0.51%
AMAT	D	0.5%
TMHC	C	0.5%
KBH	C	0.49%
FCNCA	A	0.49%
HRB	B	0.49%
SYF	B	0.49%
MTH	C	0.48%
IBM	D	0.47%
EG	D	0.45%
RDN	B	0.45%
NOW	D	0.44%
PAYX	C	0.44%
OC	A	0.44%
MLI	A	0.44%
BLDR	C	0.44%
ESNT	C	0.43%
BCC	B	0.41%
UFPI	C	0.4%
LRCX	D	0.4%
KLAC	D	0.35%
APP	B	0.33%
CDNS	D	0.32%
PANW	C	0.31%
DELL	A	0.31%
PLTR	D	0.31%
CRWD	D	0.3%
NFLX	D	0.3%
ANET	D	0.29%
CTSH	D	0.22%
FICO	C	0.22%
VZ	D	0.21%
MANH	D	0.2%
ZM	F	0.2%
SWKS	D	0.2%
CMCSA	D	0.19%
AKAM	F	0.18%
QLYS	B	0.17%
T	C	0.16%
DBX	D	0.14%
EA	D	0.09%
NYT	D	0.06%

FCPI Underweight 44 Positions Relative to MGMT

Symbol	Grade	Weight
NRP	B	-5.31%
AGM	B	-3.72%
AZZ	A	-3.33%
CVCO	B	-3.1%
TDC	F	-2.86%
CEIX	B	-2.83%
PHIN	A	-2.81%
EXP	C	-2.79%
CASS	D	-2.78%
GEO	B	-2.62%
TRIP	C	-2.46%
LAMR	B	-2.35%
LSTR	D	-2.26%
SOI	B	-2.2%
BIOX	D	-2.17%
CBNK	D	-2.16%
IGIC	B	-2.13%
GPRE	D	-2.1%
NTIC	A	-2.05%
IMXI	A	-1.99%
LII	B	-1.95%
DOX	D	-1.89%
BLCO	D	-1.69%
KOS	D	-1.69%
EPR	D	-1.64%
BWA	B	-1.64%
SFM	A	-1.63%
RMNI	F	-1.63%
GSM	B	-1.55%
BELFB	B	-1.52%
ECVT	A	-1.51%
CRMT	F	-1.49%
IPGP	F	-1.46%
UFPT	B	-1.27%
KN	C	-1.27%
RCMT	F	-1.22%
EPSN	A	-1.17%
TKR	A	-1.16%
PATK	C	-0.94%
IRMD	D	-0.91%
CMP	F	-0.9%
EXTR	F	-0.81%
G	D	-0.81%
BIL	A	-0.23%