FDFF vs. FMAG ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Fidelity Magellan ETF (FMAG)

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

$37.70

Average Daily Volume

2,380

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMAG

Fidelity Magellan ETF

FMAG Description

The investment seeks long-term growth of capital. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.44

Average Daily Volume

62,020

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	FMAG
30 Days	9.01%	1.22%
60 Days	14.00%	3.24%
90 Days	16.82%	5.10%
12 Months	43.70%	35.59%

4 Overlapping Holdings

Symbol	Grade	Weight in FDFF	Weight in FMAG	Overlap
ARES	A	1.34%	1.15%	1.15%
MA	B	5.06%	2.07%	2.07%
V	A	5.36%	2.06%	2.06%
VRSK	A	1.1%	1.09%	1.09%

FDFF Overweight 29 Positions Relative to FMAG

Symbol	Grade	Weight
BLK	B	5.78%
APO	B	5.71%
COF	C	5.03%
FLYW	B	4.39%
MSTR	B	3.84%
EFX	F	3.33%
ICE	C	2.9%
TOST	B	2.83%
SQ	A	2.07%
OWL	A	2.06%
DLO	C	2.0%
COIN	C	2.0%
FI	A	1.83%
TW	A	1.48%
CBOE	C	1.47%
NRDS	C	1.38%
MKTX	D	1.16%
CASH	B	1.15%
NU	C	1.09%
MSCI	C	1.06%
BILL	A	1.03%
VIRT	A	0.99%
PFSI	C	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 53 Positions Relative to FMAG

Symbol	Grade	Weight
MSFT	D	-7.8%
NVDA	B	-7.21%
AMZN	C	-4.55%
META	D	-3.88%
GOOGL	C	-3.11%
AVGO	D	-3.01%
LLY	F	-2.51%
UNH	B	-2.31%
COST	A	-1.87%
ORCL	A	-1.8%
GE	D	-1.61%
GOOG	C	-1.6%
TMO	F	-1.6%
LIN	C	-1.55%
SPGI	C	-1.51%
INTU	B	-1.44%
AMAT	F	-1.43%
TDG	D	-1.42%
KLAC	F	-1.38%
DHR	F	-1.37%
ANET	C	-1.36%
TT	A	-1.34%
SHW	B	-1.34%
ETN	A	-1.33%
MCO	B	-1.33%
MMC	B	-1.3%
URI	C	-1.3%
BSX	A	-1.29%
HLT	A	-1.29%
LRCX	F	-1.28%
HEI	A	-1.26%
AJG	A	-1.25%
PWR	A	-1.24%
MSI	B	-1.24%
CTAS	B	-1.24%
HCA	F	-1.22%
MAR	A	-1.21%
WAB	B	-1.19%
SNPS	B	-1.19%
APH	A	-1.18%
CDNS	B	-1.17%
ORLY	B	-1.17%
AZO	C	-1.16%
IT	C	-1.15%
WSO	A	-1.14%
AME	A	-1.14%
CPRT	B	-1.11%
MLM	C	-1.09%
VMC	B	-1.08%
WCN	A	-1.03%
NVO	F	-1.02%
COR	B	-0.86%
IR	B	-0.16%