FDFF vs. CZAR ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Themes Natural Monopoly ETF (CZAR)

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

$38.00

Average Daily Volume

2,324

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.42

Average Daily Volume

318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	CZAR
30 Days	7.85%	-0.90%
60 Days	13.79%	0.84%
90 Days	18.77%	2.91%
12 Months	43.70%

4 Overlapping Holdings

Symbol	Grade	Weight in FDFF	Weight in CZAR	Overlap
APO	B	5.71%	3.87%	3.87%
BLK	B	5.78%	3.7%	3.7%
MA	B	5.06%	0.53%	0.53%
V	A	5.36%	0.52%	0.52%

FDFF Overweight 29 Positions Relative to CZAR

Symbol	Grade	Weight
COF	B	5.03%
FLYW	B	4.39%
MSTR	B	3.84%
EFX	F	3.33%
ICE	D	2.9%
TOST	A	2.83%
SQ	A	2.07%
OWL	A	2.06%
DLO	C	2.0%
COIN	B	2.0%
FI	A	1.83%
TW	A	1.48%
CBOE	C	1.47%
NRDS	D	1.38%
ARES	A	1.34%
MKTX	D	1.16%
CASH	B	1.15%
VRSK	A	1.1%
NU	C	1.09%
MSCI	C	1.06%
BILL	A	1.03%
VIRT	A	0.99%
PFSI	D	0.96%
AMH	C	0.9%
FOUR	A	0.89%
ALLY	C	0.85%
MELI	C	0.81%
RPAY	D	0.68%
UWMC	D	0.59%

FDFF Underweight 41 Positions Relative to CZAR

Symbol	Grade	Weight
CSCO	B	-3.99%
META	C	-3.57%
AXP	B	-3.46%
FTV	C	-3.34%
AJG	A	-3.16%
ADI	D	-3.04%
OTEX	F	-3.0%
ADBE	D	-2.99%
BMY	B	-2.61%
GILD	B	-2.49%
VRTX	D	-1.91%
KVUE	A	-1.3%
PG	C	-1.01%
AME	A	-1.01%
PEP	F	-1.0%
KO	D	-0.98%
XYL	D	-0.78%
SNA	B	-0.7%
CVX	A	-0.67%
CPAY	A	-0.63%
CHTR	B	-0.62%
GPN	C	-0.54%
CMCSA	B	-0.52%
EXC	C	-0.49%
ROL	B	-0.48%
LKQ	F	-0.48%
ABNB	C	-0.41%
ECL	D	-0.39%
WCN	A	-0.39%
UBER	F	-0.37%
LIN	D	-0.37%
FDX	B	-0.36%
CNI	F	-0.35%
STLA	F	-0.35%
VMC	B	-0.33%
T	A	-0.32%
DGX	A	-0.31%
VZ	C	-0.27%
IQV	F	-0.26%
RSG	A	-0.24%
GPC	F	-0.15%