FDRR vs. NACP ETF Comparison

Comparison of Fidelity Dividend ETF for Rising Rates (FDRR) to Impact Shares NAACP Minority Empowerment ETF (NACP)

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$53.29

Average Daily Volume

19,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

NACP

Impact Shares NAACP Minority Empowerment ETF

NACP Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar Minority Empowerment Index (the underlying index). The fund will, under normal circumstances, invest at least 80% of its total assets, plus borrowings for investment purposes (the "80% basket") in component securities of the underlying index ("Component Securities"). The underlying index is designed to measure the performance of large and mid- capitalization companies that are "empowering to minorities," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.72

Average Daily Volume

3,518

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FDRR	NACP
30 Days	1.87%	2.08%
60 Days	4.38%	4.48%
90 Days	5.21%	6.57%
12 Months	31.25%	32.92%

54 Overlapping Holdings

Symbol	Grade	Weight in FDRR	Weight in NACP	Overlap
AAPL	C	7.22%	5.03%	5.03%
ABBV	D	1.22%	1.22%	1.22%
AEP	D	0.27%	0.19%	0.19%
BAC	A	1.39%	0.99%	0.99%
BMY	B	1.01%	0.35%	0.35%
C	A	0.95%	0.45%	0.45%
CCI	D	0.25%	0.18%	0.18%
COP	C	0.43%	0.49%	0.43%
CVS	D	0.65%	0.27%	0.27%
CVX	A	0.71%	1.04%	0.71%
D	C	0.27%	0.18%	0.18%
DE	A	0.68%	0.36%	0.36%
DELL	C	1.47%	0.54%	0.54%
DUK	C	0.33%	0.32%	0.32%
DVN	F	0.21%	0.1%	0.1%
EA	A	0.61%	0.45%	0.45%
EIX	B	0.24%	0.11%	0.11%
EXC	C	0.24%	0.15%	0.15%
F	C	0.58%	0.15%	0.15%
FCX	D	0.25%	0.25%	0.25%
GE	D	0.96%	0.69%	0.69%
GM	B	0.92%	0.18%	0.18%
HON	B	0.82%	0.46%	0.46%
HPQ	B	1.21%	0.62%	0.62%
IBM	C	1.34%	3.08%	1.34%
IFF	D	0.17%	0.09%	0.09%
IPG	D	0.4%	0.16%	0.16%
JNJ	D	1.35%	1.44%	1.35%
JPM	A	2.11%	2.39%	2.11%
KO	D	0.81%	0.99%	0.81%
LOW	D	0.95%	0.51%	0.51%
MAR	B	0.75%	0.19%	0.19%
MOS	F	0.12%	0.03%	0.03%
MRK	F	0.97%	1.03%	0.97%
MS	A	1.2%	0.47%	0.47%
MSFT	F	6.6%	4.63%	4.63%
NEE	D	0.48%	0.66%	0.48%
NEM	D	0.24%	0.22%	0.22%
NKE	D	0.56%	0.36%	0.36%
NVDA	C	8.35%	4.9%	4.9%
PEP	F	0.74%	0.92%	0.74%
PFE	D	0.88%	0.62%	0.62%
PLD	D	0.35%	0.42%	0.35%
PNC	B	0.97%	0.27%	0.27%
SO	D	0.36%	0.35%	0.35%
T	A	0.88%	0.45%	0.45%
TFC	A	0.85%	0.22%	0.22%
UNH	C	1.79%	1.95%	1.79%
UNP	C	0.7%	0.56%	0.56%
UPS	C	0.62%	0.35%	0.35%
V	A	1.56%	1.53%	1.53%
VZ	C	0.78%	2.26%	0.78%
WBA	F	0.15%	0.03%	0.03%
XOM	B	1.09%	2.0%	1.09%

FDRR Overweight 47 Positions Relative to NACP

Symbol	Grade	Weight
AVGO	D	2.56%
LLY	F	1.82%
TXN	C	1.5%
CSCO	B	1.44%
HD	A	1.37%
WFC	A	1.37%
GS	A	1.23%
PG	A	1.13%
BX	A	1.09%
CAT	B	0.94%
RTX	C	0.92%
MCD	D	0.91%
TJX	A	0.91%
PM	B	0.89%
USB	A	0.86%
CME	A	0.79%
SBUX	A	0.79%
LMT	D	0.79%
CMCSA	B	0.74%
MO	A	0.68%
TKO	B	0.68%
BBY	D	0.67%
FOXA	B	0.67%
PCAR	B	0.62%
NWSA	B	0.55%
LIN	D	0.54%
OMC	C	0.53%
NYT	C	0.5%
TRGP	B	0.49%
GEV	B	0.44%
WMG	C	0.42%
NXST	C	0.42%
EOG	A	0.36%
SPG	B	0.34%
PARA	C	0.34%
PSA	D	0.3%
APD	A	0.29%
OHI	C	0.25%
VICI	C	0.24%
IP	B	0.24%
GLPI	C	0.21%
WY	D	0.2%
WPC	D	0.18%
DOW	F	0.16%
AMCR	D	0.16%
LYB	F	0.15%
CIVI	D	0.15%

FDRR Underweight 143 Positions Relative to NACP

Symbol	Grade	Weight
AMZN	C	-4.47%
META	D	-3.63%
ACN	C	-3.58%
QCOM	F	-3.18%
GOOGL	C	-2.41%
UBER	D	-2.29%
TSLA	B	-2.22%
GOOG	C	-2.16%
PANW	C	-1.81%
MU	D	-1.75%
INTC	D	-1.52%
MA	C	-1.4%
TMO	F	-0.83%
WMT	A	-0.73%
ABT	B	-0.69%
DHR	F	-0.64%
AXP	A	-0.56%
SPGI	C	-0.55%
ELV	F	-0.47%
ETN	A	-0.44%
MDT	D	-0.42%
BSX	B	-0.41%
ADP	B	-0.4%
BA	F	-0.38%
MELI	D	-0.38%
CI	F	-0.37%
MDLZ	F	-0.36%
GILD	C	-0.35%
SCHW	B	-0.33%
EQIX	A	-0.29%
TT	A	-0.29%
NOC	D	-0.29%
PYPL	B	-0.27%
ITW	B	-0.27%
MMM	D	-0.26%
MCO	B	-0.26%
FDX	B	-0.25%
AON	A	-0.24%
CSX	B	-0.24%
MPC	D	-0.23%
BDX	F	-0.23%
PSX	C	-0.22%
EMR	A	-0.22%
ECL	D	-0.21%
NSC	B	-0.2%
WMB	A	-0.19%
OKE	A	-0.18%
SRE	A	-0.18%
TRV	B	-0.18%
URI	B	-0.18%
MET	A	-0.17%
BK	A	-0.17%
VLO	C	-0.17%
JCI	C	-0.17%
HLT	A	-0.17%
LNG	B	-0.16%
LHX	C	-0.16%
KMI	A	-0.15%
HES	B	-0.15%
CMI	A	-0.15%
EW	C	-0.15%
DD	D	-0.14%
PEG	A	-0.14%
A	D	-0.14%
HWM	A	-0.14%
OTIS	C	-0.13%
KR	B	-0.13%
AME	A	-0.13%
VRSK	A	-0.13%
VMC	B	-0.12%
IR	B	-0.12%
MLM	B	-0.12%
XEL	A	-0.12%
ED	D	-0.12%
KHC	F	-0.12%
RCL	A	-0.12%
AVB	B	-0.11%
ROK	B	-0.11%
EBAY	D	-0.11%
VST	B	-0.11%
ADM	D	-0.11%
RMD	C	-0.11%
XYL	D	-0.11%
HSY	F	-0.1%
WEC	A	-0.1%
PPG	F	-0.1%
BIIB	F	-0.1%
PCG	A	-0.09%
TROW	B	-0.09%
DAL	C	-0.09%
SYF	B	-0.08%
APTV	D	-0.08%
SBAC	D	-0.08%
PPL	B	-0.08%
FE	C	-0.08%
ETR	B	-0.08%
NDAQ	A	-0.08%
DTE	C	-0.08%
ES	D	-0.08%
NRG	B	-0.07%
LII	A	-0.07%
EXPD	D	-0.07%
CMS	C	-0.07%
TSN	B	-0.07%
CLX	B	-0.07%
BAH	F	-0.07%
BAX	D	-0.07%
LH	C	-0.07%
K	A	-0.07%
ILMN	D	-0.07%
HBAN	A	-0.07%
RF	A	-0.07%
SWK	D	-0.06%
LUV	C	-0.06%
DOC	D	-0.06%
DGX	A	-0.06%
HUBB	B	-0.06%
TXT	D	-0.06%
SJM	D	-0.05%
AMH	D	-0.05%
NI	A	-0.05%
OC	A	-0.05%
ACM	A	-0.05%
NDSN	B	-0.05%
UAL	A	-0.05%
LNT	A	-0.05%
AES	F	-0.05%
JBHT	C	-0.05%
BG	F	-0.05%
CF	B	-0.05%
CPB	D	-0.04%
REG	B	-0.04%
LECO	B	-0.04%
TFX	F	-0.04%
ALB	C	-0.04%
EMN	D	-0.04%
USFD	A	-0.04%
BWA	D	-0.03%
SCCO	F	-0.03%
PFG	D	-0.03%
HRL	D	-0.03%
CNH	C	-0.03%
TAP	C	-0.03%