FDFF vs. AMID ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Argent Mid Cap ETF (AMID)

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.65

Average Daily Volume

2,995

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$32.12

Average Daily Volume

7,060

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	AMID
30 Days	-6.64%	-5.03%
60 Days	-6.09%	-3.31%
90 Days	3.30%	4.25%
12 Months		35.37%

0 Overlapping Holdings

	Symbol	Grade	Weight in FDFF	Weight in AMID	Overlap

FDFF Overweight 9 Positions Relative to AMID

Symbol	Grade	Weight
V	D	5.76%
MA	D	5.56%
BLK	D	5.43%
EFX	D	5.14%
COF	B	4.86%
BRP	D	4.05%
ICE	D	4.03%
FLYW	F	3.84%
DLO	F	3.67%

FDFF Underweight 9 Positions Relative to AMID

Symbol	Grade	Weight
BLDR	C	-5.81%
FICO	D	-4.92%
CDW	F	-4.29%
DHI	D	-4.01%
CPRT	C	-3.81%
MEDP	D	-3.44%
BLD	D	-3.14%
CTAS	A	-3.08%
FTNT	F	-2.55%