FMDE vs. NXTV ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Simplify Next Intangible Value Index ETF (NXTV)

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

$34.97

Average Daily Volume

149,789

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	NXTV
30 Days	8.08%	5.48%
60 Days	9.45%	5.83%
90 Days	11.70%	10.13%
12 Months	39.69%

71 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in NXTV	Overlap
ADM	D	0.07%	0.4%	0.07%
ADTN	A	0.2%	0.17%	0.17%
AIZ	A	0.63%	0.16%	0.16%
ALL	A	0.57%	0.74%	0.57%
ARW	D	0.01%	0.17%	0.01%
BBY	D	0.03%	0.91%	0.03%
BIIB	F	0.04%	0.78%	0.04%
BILL	A	0.25%	0.29%	0.25%
BLDR	D	0.2%	0.24%	0.2%
CACI	D	0.49%	0.53%	0.49%
CCL	B	0.65%	0.45%	0.45%
CFG	B	0.23%	0.3%	0.23%
CINF	A	0.13%	0.33%	0.13%
CNC	D	0.57%	0.48%	0.48%
CTRA	B	0.1%	0.45%	0.1%
DBX	B	0.56%	0.34%	0.34%
DD	D	0.58%	0.69%	0.58%
EBAY	D	0.32%	1.1%	0.32%
ED	D	0.02%	0.36%	0.02%
EG	C	0.06%	0.24%	0.06%
ELAN	D	0.27%	0.2%	0.2%
EQH	B	0.62%	0.22%	0.22%
EVRG	A	0.41%	0.14%	0.14%
EXC	C	0.11%	0.38%	0.11%
EXEL	B	0.52%	0.27%	0.27%
EXPE	B	0.73%	0.36%	0.36%
FLS	B	0.21%	0.17%	0.17%
FTI	A	0.12%	0.3%	0.12%
GAP	C	0.49%	0.37%	0.37%
GL	B	0.54%	0.15%	0.15%
HPE	B	0.61%	1.06%	0.61%
HPQ	B	0.01%	1.47%	0.01%
HUM	C	0.06%	0.55%	0.06%
INCY	C	0.6%	0.41%	0.41%
INGR	B	0.24%	0.13%	0.13%
JAZZ	B	0.02%	0.2%	0.02%
KD	B	0.15%	0.22%	0.15%
KR	B	0.73%	1.77%	0.73%
L	A	0.06%	0.27%	0.06%
LEN	D	0.29%	0.6%	0.29%
LUV	C	0.1%	0.34%	0.1%
MGM	D	0.28%	0.08%	0.08%
MKL	A	0.16%	0.34%	0.16%
MRO	B	0.02%	0.39%	0.02%
NTAP	C	0.64%	0.98%	0.64%
NUE	C	0.6%	0.67%	0.6%
NWS	B	0.11%	0.72%	0.11%
OVV	B	0.02%	0.27%	0.02%
PCG	A	0.36%	0.46%	0.36%
PEGA	A	0.45%	0.29%	0.29%
PPG	F	0.66%	0.39%	0.39%
PRU	A	0.85%	0.67%	0.67%
RGA	A	0.28%	0.22%	0.22%
RS	B	0.3%	0.38%	0.3%
SNX	C	0.44%	0.42%	0.42%
SOLV	C	0.39%	0.35%	0.35%
SWK	D	0.01%	0.28%	0.01%
SYF	B	0.36%	0.34%	0.34%
SYY	B	0.11%	0.57%	0.11%
TOL	B	0.62%	0.18%	0.18%
TPR	B	0.51%	0.48%	0.48%
TWLO	A	0.67%	0.55%	0.55%
TXT	D	0.59%	0.26%	0.26%
U	C	0.04%	0.27%	0.04%
UAL	A	0.79%	0.39%	0.39%
UNM	A	0.52%	0.18%	0.18%
VICI	C	0.63%	0.85%	0.63%
WBD	C	0.08%	0.13%	0.08%
WCC	B	0.33%	0.23%	0.23%
XRAY	F	0.08%	0.14%	0.08%
ZM	B	0.67%	0.96%	0.67%

FMDE Overweight 221 Positions Relative to NXTV

Symbol	Grade	Weight
WMB	A	1.12%
BK	A	0.99%
SQ	B	0.97%
SPG	B	0.96%
CMI	A	0.94%
VST	B	0.94%
HWM	A	0.89%
MSCI	C	0.84%
RJF	A	0.78%
CVNA	B	0.75%
CAH	B	0.74%
STT	A	0.72%
RBLX	C	0.72%
WTW	B	0.72%
ROST	C	0.71%
VEEV	C	0.71%
TOST	B	0.69%
AXON	A	0.67%
CSGP	D	0.66%
DOCU	A	0.65%
NRG	B	0.65%
CLX	B	0.65%
NVR	D	0.65%
KEY	B	0.65%
FIS	C	0.63%
EIX	B	0.61%
IDXX	F	0.61%
HUBS	A	0.61%
AMP	A	0.6%
CCI	D	0.6%
LDOS	C	0.6%
CW	B	0.59%
HUBB	B	0.59%
LNG	B	0.59%
SSNC	B	0.59%
EA	A	0.58%
ALLE	D	0.58%
LYFT	C	0.57%
DKNG	B	0.56%
TRGP	B	0.56%
FTV	C	0.54%
PYPL	B	0.54%
FFIV	B	0.54%
MANH	D	0.54%
CNP	B	0.52%
CTAS	B	0.52%
GRMN	B	0.52%
DCI	B	0.52%
COR	B	0.51%
GILD	C	0.51%
MPWR	F	0.51%
QRVO	F	0.5%
MSI	B	0.5%
AMH	D	0.49%
ECL	D	0.49%
CCK	C	0.48%
TDC	D	0.48%
TT	A	0.48%
BURL	A	0.48%
AXTA	A	0.47%
STLD	B	0.47%
BWXT	B	0.47%
BERY	B	0.46%
PSA	D	0.46%
BRX	A	0.45%
NYT	C	0.45%
MEDP	D	0.45%
HLT	A	0.45%
SWKS	F	0.45%
ANF	C	0.45%
NDAQ	A	0.44%
CRUS	D	0.44%
LNW	D	0.44%
NBIX	C	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
GWW	B	0.42%
CL	D	0.42%
NVT	B	0.41%
HIG	B	0.4%
AME	A	0.4%
AM	A	0.39%
CPNG	D	0.39%
FIX	A	0.38%
EEFT	B	0.38%
PCAR	B	0.38%
IGT	F	0.38%
ALSN	B	0.37%
DHI	D	0.37%
VMI	B	0.37%
KLAC	D	0.36%
HXL	D	0.35%
UTHR	C	0.35%
LPX	B	0.35%
ZION	B	0.34%
RNG	B	0.34%
SEE	C	0.34%
DUOL	A	0.33%
IQV	D	0.33%
GIS	D	0.33%
NTNX	A	0.33%
WU	D	0.33%
UHS	D	0.32%
BLD	D	0.32%
Z	A	0.32%
EME	C	0.31%
COIN	C	0.31%
CPAY	A	0.31%
DVN	F	0.31%
AYI	B	0.31%
APP	B	0.3%
GDDY	A	0.29%
EQR	B	0.29%
XEL	A	0.28%
MTDR	B	0.28%
GLPI	C	0.27%
IFF	D	0.27%
BAH	F	0.27%
CBOE	B	0.27%
DXCM	D	0.27%
A	D	0.27%
FANG	D	0.26%
ZG	A	0.26%
BMY	B	0.26%
ZBRA	B	0.25%
PLTK	B	0.25%
BRO	B	0.25%
CDW	F	0.25%
LHX	C	0.24%
SEIC	B	0.24%
OC	A	0.23%
GTES	A	0.23%
TW	A	0.22%
HRB	D	0.22%
MTB	A	0.22%
HES	B	0.22%
SBAC	D	0.22%
KMB	D	0.22%
DFS	B	0.21%
PCTY	B	0.21%
HII	D	0.21%
GPN	B	0.2%
DKS	C	0.2%
MKTX	D	0.19%
RCL	A	0.18%
NWSA	B	0.18%
NOC	D	0.18%
ACM	A	0.17%
DASH	A	0.16%
WWD	B	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	D	0.15%
GXO	B	0.14%
TPL	A	0.14%
KMI	A	0.14%
ATI	D	0.13%
ANSS	B	0.13%
REG	B	0.13%
CHDN	B	0.12%
ITT	A	0.12%
AES	F	0.12%
WSM	B	0.11%
CBSH	A	0.11%
MORN	B	0.11%
IBKR	A	0.11%
GEHC	F	0.11%
ROP	B	0.1%
CTRE	D	0.1%
AWK	D	0.1%
VLTO	D	0.1%
AXS	A	0.09%
ACGL	D	0.09%
ES	D	0.09%
LPLA	A	0.09%
LEG	F	0.08%
MCHP	D	0.08%
VSTS	C	0.07%
JHG	A	0.07%
CWEN	C	0.07%
MSA	D	0.07%
AMT	D	0.06%
CI	F	0.06%
DTE	C	0.06%
WDAY	B	0.06%
FR	C	0.06%
VIRT	B	0.06%
TNL	A	0.06%
NSC	B	0.06%
CSL	C	0.05%
WEN	D	0.05%
EGP	F	0.05%
PHM	D	0.05%
TXG	F	0.05%
DAL	C	0.05%
NTRA	B	0.05%
OGE	B	0.04%
BBWI	D	0.04%
DGX	A	0.04%
CWEN	C	0.04%
ULTA	F	0.04%
K	A	0.04%
CF	B	0.03%
EPR	D	0.03%
REYN	D	0.03%
AKAM	D	0.03%
TXRH	C	0.03%
BMRN	D	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
QGEN	D	0.02%
POST	C	0.02%
AFL	B	0.02%
AJG	B	0.02%
HAL	C	0.02%
LSCC	D	0.01%
STAG	F	0.01%
OKE	A	0.01%
HOOD	B	0.01%

FMDE Underweight 123 Positions Relative to NXTV

Symbol	Grade	Weight
CMCSA	B	-5.48%
T	A	-5.05%
VZ	C	-4.68%
PFE	D	-4.63%
INTC	D	-3.52%
DELL	C	-3.41%
C	A	-1.95%
FDX	B	-1.15%
CVS	D	-1.08%
GM	B	-1.04%
COF	B	-0.96%
WDC	D	-0.92%
GFS	C	-0.91%
FOXA	B	-0.83%
MET	A	-0.83%
TRV	B	-0.83%
DG	F	-0.76%
SNAP	C	-0.75%
AIG	B	-0.75%
EL	F	-0.74%
F	C	-0.72%
FCNCA	A	-0.71%
ZBH	C	-0.64%
KHC	F	-0.62%
CTVA	C	-0.62%
DLTR	F	-0.61%
ILMN	D	-0.58%
MRNA	F	-0.57%
JNPR	F	-0.54%
BAX	D	-0.53%
SRE	A	-0.53%
D	C	-0.5%
ACI	C	-0.49%
IP	B	-0.47%
LBRDK	C	-0.46%
ALB	C	-0.43%
VTRS	A	-0.42%
EQT	B	-0.39%
FYBR	D	-0.37%
CIEN	B	-0.36%
FLEX	A	-0.35%
WRB	A	-0.34%
ETR	B	-0.32%
TSN	B	-0.32%
PATH	C	-0.31%
LEVI	F	-0.3%
PFG	D	-0.29%
CRBG	B	-0.29%
GPC	D	-0.28%
ARE	D	-0.28%
HSIC	B	-0.27%
DDS	B	-0.27%
AMKR	D	-0.26%
BIO	D	-0.26%
PPL	B	-0.24%
FNF	B	-0.24%
VFC	C	-0.23%
NSIT	F	-0.23%
LUMN	C	-0.23%
SATS	D	-0.23%
PFGC	B	-0.22%
USM	B	-0.22%
SNA	A	-0.22%
AIT	A	-0.22%
CNH	C	-0.21%
RPM	A	-0.21%
CPB	D	-0.21%
W	F	-0.21%
ROKU	D	-0.21%
RNR	C	-0.21%
M	D	-0.2%
JEF	A	-0.2%
JLL	D	-0.2%
CLVT	F	-0.2%
CNA	B	-0.2%
ALLY	C	-0.2%
KMX	B	-0.2%
COTY	F	-0.19%
RIVN	F	-0.19%
PAG	B	-0.19%
AR	B	-0.19%
RHI	B	-0.18%
UPST	B	-0.18%
BG	F	-0.18%
AA	B	-0.18%
DINO	D	-0.18%
COKE	C	-0.17%
AEO	F	-0.17%
IAC	D	-0.17%
JWN	C	-0.17%
TAP	C	-0.17%
LKQ	D	-0.17%
SIG	B	-0.16%
ALIT	C	-0.16%
BWA	D	-0.16%
NI	A	-0.16%
NOV	C	-0.16%
PVH	C	-0.16%
WHR	B	-0.16%
ZI	D	-0.16%
BEN	C	-0.16%
WFRD	D	-0.15%
X	C	-0.15%
CLF	F	-0.15%
LAD	A	-0.15%
DXC	B	-0.15%
URBN	C	-0.15%
ASO	F	-0.15%
FRSH	C	-0.15%
SANM	B	-0.15%
SLAB	D	-0.14%
ORI	A	-0.14%
AGR	B	-0.14%
FHN	A	-0.14%
CIVI	D	-0.13%
CXT	B	-0.13%
SON	D	-0.13%
MUR	D	-0.12%
ALKS	B	-0.12%
CPRI	F	-0.1%
LCID	F	-0.09%
BYD	C	-0.05%
DLB	B	-0.05%