FMAT vs. CVAR ETF Comparison

Comparison of Fidelity MSCI Materials Index ETF (FMAT) to Cultivar ETF (CVAR)

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.78

Average Daily Volume

36,465

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

CVAR

Cultivar ETF

CVAR Description

ETF Opportunities Trust - Cultivar ETF is an exchange traded fund launched by ETF Opportunities Trust. The fund is co-managed by Cultivar Capital, Inc. and Toroso Investments, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of companies across diversified market capitalization. The fund employs fundamental and quantitative analysis with bottom-up and top-down stock picking approach to create its portfolio. ETF Opportunities Trust - Cultivar ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.53

Average Daily Volume

508

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMAT	CVAR
30 Days	2.28%	2.95%
60 Days	2.33%	3.13%
90 Days	11.24%	4.37%
12 Months	20.11%	11.01%

6 Overlapping Holdings

Symbol	Grade	Weight in FMAT	Weight in CVAR	Overlap
CMP	F	0.04%	0.38%	0.04%
FMC	C	0.61%	0.96%	0.61%
IP	B	0.97%	0.65%	0.65%
NEM	B	3.61%	2.4%	2.4%
RDUS	F	0.04%	0.45%	0.04%
WRK	A	1.0%	0.96%	0.96%

FMAT Overweight 103 Positions Relative to CVAR

Symbol	Grade	Weight
LIN	D	15.66%
SHW	D	5.86%
FCX	A	5.41%
ECL	A	4.52%
APD	C	4.13%
NUE	D	3.15%
DOW	B	3.11%
CTVA	B	3.02%
MLM	C	2.78%
VMC	B	2.69%
DD	A	2.54%
PPG	D	2.38%
LYB	C	2.0%
IFF	A	1.87%
BALL	B	1.66%
STLD	D	1.52%
AVY	A	1.37%
RS	D	1.27%
CE	C	1.27%
PKG	D	1.21%
ALB	C	1.16%
AMCR	A	1.12%
RPM	C	1.1%
CF	F	1.06%
EMN	A	0.9%
CCK	B	0.77%
ATR	B	0.75%
MOS	F	0.73%
EXP	A	0.7%
CLF	F	0.66%
X	F	0.65%
GPK	C	0.64%
RGLD	B	0.61%
AXTA	A	0.6%
ATI	B	0.58%
BERY	C	0.54%
OLN	D	0.51%
CMC	B	0.49%
AA	A	0.49%
WLK	B	0.45%
LPX	A	0.43%
SON	B	0.43%
CBT	A	0.42%
ESI	D	0.41%
CRS	B	0.39%
SEE	B	0.39%
BCPC	B	0.37%
ASH	A	0.36%
SUM	D	0.36%
FUL	C	0.32%
NEU	D	0.31%
CC	B	0.31%
KNF	C	0.31%
AVNT	B	0.31%
HUN	D	0.31%
SLGN	B	0.3%
AMR	F	0.26%
HCC	C	0.25%
IOSP	B	0.24%
HL	B	0.22%
SXT	A	0.21%
ARCH	D	0.21%
SMG	C	0.21%
MTX	A	0.2%
SLVM	A	0.19%
KWR	D	0.18%
MP	C	0.17%
TROX	B	0.17%
MTRN	D	0.17%
OI	F	0.16%
SCL	B	0.15%
CDE	B	0.15%
NGVT	B	0.14%
KALU	A	0.12%
HWKN	B	0.12%
GEF	D	0.12%
ASPN	A	0.12%
OEC	B	0.11%
MATV	C	0.08%
ECVT	F	0.08%
WS	F	0.08%
TRS	B	0.08%
PRM	B	0.08%
SXC	D	0.07%
KOP	F	0.07%
CENX	B	0.07%
DNA	F	0.07%
HAYN	D	0.06%
CLW	A	0.06%
IE	C	0.06%
USLM	B	0.06%
ASIX	F	0.05%
RYI	F	0.05%
PCT	F	0.04%
ZEUS	F	0.04%
MYE	F	0.04%
PTVE	D	0.04%
LXU	B	0.03%
MERC	B	0.03%
PLL	D	0.02%
GEF	D	0.02%
KRO	B	0.02%
PACK	D	0.02%

FMAT Underweight 79 Positions Relative to CVAR

Symbol	Grade	Weight
PRLB	F	-2.97%
HCSG	D	-2.85%
LUV	F	-2.42%
CLB	D	-2.39%
GOLD	B	-2.0%
NWN	B	-1.86%
MKC	B	-1.72%
T	B	-1.61%
C	A	-1.54%
INTC	F	-1.5%
WU	D	-1.46%
MKTX	F	-1.35%
GPN	F	-1.33%
ES	B	-1.31%
NEE	A	-1.31%
MTB	A	-1.3%
PRGO	D	-1.25%
TSN	C	-1.23%
HRL	B	-1.12%
KMB	C	-1.12%
FMS	B	-1.12%
DG	D	-1.1%
WBA	F	-1.08%
HAS	C	-1.04%
ZTS	C	-1.03%
POR	B	-1.01%
SCS	B	-1.0%
PAYC	F	-1.0%
SJM	F	-0.96%
ANSS	D	-0.94%
BP	C	-0.94%
TFC	A	-0.9%
DEI	B	-0.9%
BABA	B	-0.85%
NHI	A	-0.85%
QRVO	F	-0.83%
CLX	D	-0.82%
MCHP	B	-0.81%
SWKS	D	-0.78%
ABT	F	-0.78%
MDT	C	-0.78%
NKE	F	-0.77%
CMCSA	D	-0.77%
BIDU	C	-0.76%
G	D	-0.76%
VEEV	D	-0.69%
INDB	C	-0.65%
AAP	D	-0.65%
PARA	C	-0.64%
CGNX	B	-0.62%
KRC	C	-0.61%
GOOGL	B	-0.61%
TYL	A	-0.59%
CHRW	B	-0.57%
VZ	C	-0.56%
MNRO	F	-0.56%
DUK	A	-0.54%
OGS	D	-0.53%
PFE	C	-0.53%
AEP	A	-0.53%
BAC	A	-0.52%
CFG	A	-0.52%
JNJ	D	-0.51%
ESRT	C	-0.51%
INGN	C	-0.51%
PYPL	C	-0.5%
HUM	D	-0.5%
IDA	B	-0.49%
HIW	A	-0.49%
LTC	A	-0.49%
PDM	B	-0.49%
ADSK	D	-0.48%
CTSH	D	-0.46%
CCI	D	-0.43%
ILMN	F	-0.43%
JBT	F	-0.42%
MMM	B	-0.38%
WHR	F	-0.34%
WBD	D	-0.16%