FMDE vs. AFMC ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Active Factor Mid Cap ETF (AFMC)

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.57

Average Daily Volume

149,918

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.81

Average Daily Volume

9,283

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	AFMC
30 Days	6.40%	5.13%
60 Days	8.81%	6.14%
90 Days	10.43%	7.25%
12 Months	38.09%	39.01%

65 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in AFMC	Overlap
AIZ	A	0.63%	0.37%	0.37%
ALSN	B	0.37%	1.14%	0.37%
ANF	F	0.45%	0.37%	0.37%
ARW	D	0.01%	0.34%	0.01%
AYI	B	0.31%	1.19%	0.31%
BERY	C	0.46%	0.57%	0.46%
BLD	D	0.32%	0.13%	0.13%
BLDR	D	0.2%	0.6%	0.2%
BRX	A	0.45%	0.08%	0.08%
CACI	D	0.49%	0.76%	0.49%
CAH	B	0.74%	0.13%	0.13%
CBSH	B	0.11%	0.5%	0.11%
CNM	D	0.03%	0.67%	0.03%
CRUS	D	0.44%	0.47%	0.44%
CSL	C	0.05%	0.82%	0.05%
CTRE	C	0.1%	0.26%	0.1%
CW	C	0.59%	0.81%	0.59%
DBX	B	0.56%	0.55%	0.55%
DCI	B	0.52%	0.08%	0.08%
DKS	D	0.2%	0.29%	0.2%
EME	A	0.31%	1.3%	0.31%
EPR	C	0.03%	0.31%	0.03%
EQH	C	0.62%	0.1%	0.1%
EXEL	B	0.52%	0.39%	0.39%
FFIV	B	0.54%	0.57%	0.54%
FIX	A	0.38%	1.0%	0.38%
GAP	C	0.49%	0.32%	0.32%
GDDY	A	0.29%	1.12%	0.29%
GLPI	C	0.27%	0.68%	0.27%
HRB	D	0.22%	0.53%	0.22%
INCY	C	0.6%	0.32%	0.32%
INGR	C	0.24%	0.92%	0.24%
ITT	A	0.12%	0.09%	0.09%
JAZZ	B	0.02%	0.39%	0.02%
JHG	B	0.07%	0.26%	0.07%
L	A	0.06%	0.21%	0.06%
LPX	B	0.35%	0.24%	0.24%
MANH	D	0.54%	0.28%	0.28%
MEDP	D	0.45%	0.47%	0.45%
NBIX	C	0.44%	0.22%	0.22%
NRG	B	0.65%	0.96%	0.65%
NTAP	C	0.64%	0.59%	0.59%
NVT	B	0.41%	0.27%	0.27%
NYT	D	0.45%	0.51%	0.45%
OC	A	0.23%	0.78%	0.23%
PHM	D	0.05%	0.57%	0.05%
RS	B	0.3%	0.35%	0.3%
SF	B	0.03%	0.74%	0.03%
SNX	D	0.44%	0.57%	0.44%
STLD	B	0.47%	0.36%	0.36%
TDC	D	0.48%	0.23%	0.23%
TOL	B	0.62%	1.48%	0.62%
TPL	A	0.14%	0.87%	0.14%
TPR	B	0.51%	0.56%	0.51%
TXRH	B	0.03%	0.7%	0.03%
UHS	D	0.32%	0.46%	0.32%
UNM	A	0.52%	0.9%	0.52%
UTHR	C	0.35%	1.66%	0.35%
VMI	B	0.37%	0.24%	0.24%
VST	A	0.94%	0.95%	0.94%
WCC	B	0.33%	0.26%	0.26%
WSM	C	0.11%	0.71%	0.11%
WU	F	0.33%	0.07%	0.07%
WWD	C	0.16%	0.26%	0.16%
ZION	B	0.34%	0.17%	0.17%

FMDE Overweight 227 Positions Relative to AFMC

Symbol	Grade	Weight
WMB	A	1.12%
BK	A	0.99%
SQ	A	0.97%
SPG	A	0.96%
CMI	A	0.94%
HWM	A	0.89%
PRU	A	0.85%
MSCI	C	0.84%
UAL	A	0.79%
RJF	A	0.78%
CVNA	B	0.75%
EXPE	B	0.73%
KR	B	0.73%
STT	B	0.72%
RBLX	C	0.72%
WTW	B	0.72%
ROST	D	0.71%
VEEV	C	0.71%
TOST	B	0.69%
TWLO	A	0.67%
ZM	C	0.67%
AXON	A	0.67%
PPG	F	0.66%
CSGP	D	0.66%
DOCU	B	0.65%
CLX	A	0.65%
NVR	D	0.65%
KEY	B	0.65%
CCL	A	0.65%
VICI	C	0.63%
FIS	C	0.63%
EIX	B	0.61%
IDXX	F	0.61%
HUBS	A	0.61%
HPE	B	0.61%
NUE	C	0.6%
AMP	A	0.6%
CCI	C	0.6%
LDOS	C	0.6%
TXT	D	0.59%
HUBB	B	0.59%
LNG	A	0.59%
SSNC	B	0.59%
EA	A	0.58%
ALLE	C	0.58%
DD	C	0.58%
LYFT	C	0.57%
CNC	D	0.57%
ALL	A	0.57%
DKNG	B	0.56%
TRGP	A	0.56%
FTV	C	0.54%
PYPL	B	0.54%
GL	C	0.54%
CNP	A	0.52%
CTAS	B	0.52%
GRMN	B	0.52%
COR	B	0.51%
GILD	C	0.51%
MPWR	F	0.51%
QRVO	F	0.5%
MSI	B	0.5%
AMH	C	0.49%
ECL	D	0.49%
CCK	D	0.48%
TT	A	0.48%
BURL	B	0.48%
AXTA	B	0.47%
BWXT	B	0.47%
PSA	C	0.46%
HLT	A	0.45%
SWKS	F	0.45%
PEGA	B	0.45%
NDAQ	A	0.44%
LNW	F	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
GWW	B	0.42%
CL	D	0.42%
EVRG	A	0.41%
HIG	B	0.4%
AME	A	0.4%
SOLV	D	0.39%
AM	A	0.39%
CPNG	D	0.39%
EEFT	B	0.38%
PCAR	B	0.38%
IGT	F	0.38%
DHI	F	0.37%
KLAC	F	0.36%
PCG	A	0.36%
SYF	B	0.36%
HXL	F	0.35%
RNG	C	0.34%
SEE	C	0.34%
DUOL	A	0.33%
IQV	F	0.33%
GIS	D	0.33%
NTNX	B	0.33%
EBAY	D	0.32%
Z	A	0.32%
COIN	C	0.31%
CPAY	A	0.31%
DVN	F	0.31%
APP	B	0.3%
LEN	D	0.29%
EQR	C	0.29%
RGA	A	0.28%
MGM	D	0.28%
XEL	A	0.28%
MTDR	B	0.28%
IFF	D	0.27%
BAH	F	0.27%
CBOE	C	0.27%
DXCM	C	0.27%
A	D	0.27%
ELAN	D	0.27%
FANG	C	0.26%
ZG	A	0.26%
BMY	B	0.26%
ZBRA	B	0.25%
PLTK	B	0.25%
BILL	A	0.25%
BRO	B	0.25%
CDW	F	0.25%
LHX	C	0.24%
SEIC	B	0.24%
CFG	B	0.23%
GTES	A	0.23%
TW	A	0.22%
MTB	A	0.22%
HES	B	0.22%
SBAC	D	0.22%
KMB	C	0.22%
FLS	B	0.21%
DFS	B	0.21%
PCTY	C	0.21%
HII	F	0.21%
ADTN	A	0.2%
GPN	B	0.2%
MKTX	D	0.19%
RCL	A	0.18%
NWSA	A	0.18%
NOC	D	0.18%
ACM	B	0.17%
MKL	A	0.16%
DASH	B	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	C	0.15%
KD	B	0.15%
GXO	B	0.14%
KMI	A	0.14%
CINF	A	0.13%
ATI	C	0.13%
ANSS	B	0.13%
REG	A	0.13%
FTI	A	0.12%
CHDN	B	0.12%
AES	F	0.12%
MORN	B	0.11%
IBKR	A	0.11%
GEHC	D	0.11%
NWS	A	0.11%
EXC	C	0.11%
SYY	D	0.11%
ROP	B	0.1%
LUV	C	0.1%
AWK	C	0.1%
VLTO	C	0.1%
CTRA	B	0.1%
AXS	A	0.09%
ACGL	C	0.09%
ES	C	0.09%
LPLA	A	0.09%
LEG	F	0.08%
XRAY	F	0.08%
MCHP	F	0.08%
WBD	B	0.08%
VSTS	C	0.07%
CWEN	C	0.07%
ADM	D	0.07%
MSA	F	0.07%
AMT	C	0.06%
CI	D	0.06%
DTE	C	0.06%
WDAY	B	0.06%
FR	D	0.06%
EG	C	0.06%
VIRT	A	0.06%
TNL	A	0.06%
HUM	C	0.06%
NSC	B	0.06%
WEN	D	0.05%
EGP	D	0.05%
TXG	F	0.05%
DAL	B	0.05%
NTRA	A	0.05%
OGE	A	0.04%
BBWI	C	0.04%
DGX	A	0.04%
BIIB	F	0.04%
CWEN	C	0.04%
ULTA	F	0.04%
U	C	0.04%
K	A	0.04%
CF	A	0.03%
BBY	D	0.03%
REYN	D	0.03%
AKAM	D	0.03%
BMRN	F	0.03%
CBRE	B	0.03%
QGEN	D	0.02%
POST	C	0.02%
AFL	B	0.02%
AJG	A	0.02%
OVV	B	0.02%
ED	C	0.02%
HAL	C	0.02%
MRO	B	0.02%
LSCC	D	0.01%
STAG	D	0.01%
OKE	A	0.01%
HPQ	B	0.01%
SWK	D	0.01%
HOOD	B	0.01%

FMDE Underweight 179 Positions Relative to AFMC

Symbol	Grade	Weight
SFM	A	-1.95%
THC	D	-1.2%
MLI	B	-1.17%
ORI	A	-1.12%
KBH	D	-1.12%
MTG	C	-1.07%
IDCC	B	-0.95%
ACT	C	-0.86%
IBOC	B	-0.86%
COKE	C	-0.83%
TMHC	C	-0.8%
HIW	C	-0.78%
ESNT	F	-0.78%
RDN	D	-0.75%
JXN	C	-0.73%
LII	A	-0.73%
WBS	A	-0.71%
CVLT	B	-0.69%
JBL	C	-0.69%
FHI	B	-0.67%
G	B	-0.67%
FICO	B	-0.66%
ERIE	D	-0.64%
NXST	C	-0.62%
WPC	C	-0.62%
CMC	B	-0.61%
AMG	B	-0.61%
PRI	B	-0.59%
BRBR	A	-0.58%
MUSA	B	-0.58%
OHI	C	-0.58%
EXP	B	-0.57%
CUZ	B	-0.56%
NFG	A	-0.55%
TGNA	B	-0.54%
SBRA	C	-0.53%
PSN	D	-0.53%
PPC	C	-0.53%
SANM	B	-0.52%
CRS	B	-0.52%
DECK	A	-0.51%
ACIW	B	-0.51%
HALO	F	-0.51%
ENS	F	-0.5%
RPM	A	-0.5%
MTH	D	-0.49%
KMT	B	-0.49%
BCC	B	-0.46%
SNA	A	-0.46%
NVST	B	-0.46%
GMED	A	-0.46%
DINO	D	-0.46%
BTU	B	-0.45%
GHC	B	-0.45%
PK	C	-0.44%
ONTO	F	-0.44%
NTCT	C	-0.44%
HNI	B	-0.44%
JLL	D	-0.44%
PINC	B	-0.44%
AMR	C	-0.43%
AGCO	D	-0.42%
PVH	C	-0.41%
WFRD	D	-0.4%
RGLD	C	-0.4%
CHE	D	-0.4%
GEF	A	-0.4%
MAN	F	-0.39%
HLI	A	-0.39%
LAMR	C	-0.39%
CHRD	D	-0.39%
SAIC	F	-0.38%
TEX	F	-0.38%
CDP	C	-0.38%
DDS	B	-0.38%
MOH	F	-0.37%
WSO	A	-0.37%
BYD	B	-0.35%
UFPI	C	-0.35%
ADC	A	-0.33%
CSWI	B	-0.33%
UGI	C	-0.33%
HWC	B	-0.33%
COLB	B	-0.33%
ASO	F	-0.32%
SSB	B	-0.31%
FHN	A	-0.31%
BDC	C	-0.3%
TTEK	F	-0.3%
APPF	B	-0.3%
CR	A	-0.29%
FSS	B	-0.29%
AVT	C	-0.28%
PBF	D	-0.28%
CHRW	B	-0.27%
LOPE	C	-0.27%
LNTH	D	-0.27%
EHC	B	-0.27%
RL	C	-0.27%
ATKR	D	-0.27%
NSA	C	-0.26%
OLN	F	-0.26%
ZD	B	-0.26%
MSM	C	-0.26%
GPI	B	-0.25%
HOG	D	-0.25%
IBP	D	-0.25%
CATY	B	-0.25%
AN	C	-0.25%
ENSG	C	-0.24%
CNA	C	-0.24%
ESAB	C	-0.24%
AIT	B	-0.22%
HST	C	-0.22%
BWA	D	-0.21%
CRVL	B	-0.21%
LEA	F	-0.21%
NAVI	F	-0.2%
OZK	B	-0.2%
JWN	D	-0.19%
NEU	D	-0.19%
HOMB	A	-0.19%
PRGO	C	-0.18%
SJM	D	-0.18%
ADNT	F	-0.18%
DXC	B	-0.18%
CLF	F	-0.18%
CRI	F	-0.18%
HPP	F	-0.17%
APLE	B	-0.17%
SM	B	-0.17%
CROX	D	-0.17%
NUS	D	-0.17%
ABG	C	-0.17%
VSH	F	-0.15%
M	F	-0.15%
ATR	B	-0.15%
CASY	A	-0.14%
OPCH	D	-0.12%
AEO	F	-0.12%
BOX	B	-0.11%
NSIT	F	-0.11%
ELF	C	-0.11%
TPH	D	-0.11%
AOS	F	-0.1%
CUBE	C	-0.1%
EXLS	B	-0.1%
VNT	C	-0.1%
BPMC	B	-0.1%
GEN	B	-0.1%
LECO	C	-0.09%
ITRI	C	-0.09%
CPT	B	-0.09%
CNXC	F	-0.09%
AMN	F	-0.09%
ZETA	D	-0.08%
HSIC	C	-0.08%
APA	D	-0.08%
OGN	F	-0.08%
ASGN	F	-0.08%
DOCS	C	-0.08%
HAE	C	-0.08%
TAP	C	-0.07%
SKX	D	-0.07%
OSCR	D	-0.06%
PBH	A	-0.06%
PDCO	F	-0.06%
MMSI	A	-0.06%
SPSC	D	-0.05%
ACLS	F	-0.05%
AWI	A	-0.05%
DVA	C	-0.05%
BMI	B	-0.04%
CXT	C	-0.04%
LEVI	F	-0.03%
IART	C	-0.02%
NNN	C	-0.0%
VRNS	D	-0.0%
PI	D	-0.0%