FPAG vs. FCOM ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Fidelity MSCI Telecommunication Services Index ETF (FCOM)

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.82

Average Daily Volume

18,426

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCOM

Fidelity MSCI Telecommunication Services Index ETF

FCOM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Telecommunication Services 25/50 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 Telecommunication Services 25/50 Index, which represents the performance of the telecommunication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Telecommunication Services 25/50 Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.25

Average Daily Volume

104,044

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	FCOM
30 Days	-3.32%	-3.25%
60 Days	-0.11%	-0.58%
90 Days	3.49%	3.64%
12 Months	23.55%	32.63%

6 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in FCOM	Overlap
CHTR	F	1.75%	1.17%	1.17%
CMCSA	F	4.78%	4.18%	4.18%
GOOG	A	4.17%	11.26%	4.17%
GOOGL	A	6.38%	14.03%	6.38%
META	D	5.35%	21.21%	5.35%
NFLX	D	0.66%	4.4%	0.66%

FPAG Overweight 19 Positions Relative to FCOM

Symbol	Grade	Weight
ADI	A	5.13%
C	A	4.88%
TEL	C	4.58%
IFF	B	3.84%
WFC	A	3.66%
AMZN	B	3.39%
AON	D	2.69%
AVGO	D	2.26%
NXPI	B	2.21%
KMX	F	1.85%
KMI	A	1.72%
MAR	D	1.69%
FE	A	1.49%
HWM	B	1.29%
ICLR	C	1.26%
WAB	A	1.23%
UBER	D	1.16%
BABA	C	0.29%
PCG	A	0.21%

FPAG Underweight 83 Positions Relative to FCOM

Symbol	Grade	Weight
DIS	D	-4.6%
VZ	C	-4.41%
T	B	-3.57%
TMUS	A	-3.0%
TTD	B	-1.51%
EA	D	-1.37%
TTWO	D	-1.19%
OMC	A	-1.16%
PINS	B	-1.05%
WBD	F	-1.0%
LYV	D	-0.94%
SNAP	A	-0.93%
IPG	F	-0.89%
RBLX	D	-0.89%
NWSA	D	-0.8%
FOXA	B	-0.78%
ROKU	F	-0.74%
MTCH	F	-0.74%
NYT	C	-0.67%
LBRDK	D	-0.59%
PARA	B	-0.59%
NXST	D	-0.55%
EDR	A	-0.48%
ZI	D	-0.43%
FYBR	C	-0.42%
FOX	B	-0.41%
IAC	F	-0.37%
IRDM	B	-0.33%
MSGS	B	-0.29%
TRIP	C	-0.28%
CCOI	D	-0.28%
TGNA	D	-0.26%
YELP	B	-0.26%
SIRI	F	-0.23%
ZD	F	-0.23%
CARG	D	-0.2%
SATS	A	-0.19%
CNK	D	-0.19%
CABO	F	-0.17%
TDS	B	-0.16%
LGF.A	A	-0.13%
LUMN	F	-0.12%
SSTK	D	-0.11%
CARS	F	-0.11%
MGNI	D	-0.11%
LILAK	A	-0.1%
GSAT	D	-0.1%
BMBL	F	-0.1%
MSGE	A	-0.1%
QNST	A	-0.09%
SCHL	F	-0.09%
PUBM	A	-0.09%
THRY	A	-0.08%
IMAX	D	-0.08%
SHEN	F	-0.07%
IAS	F	-0.07%
ZIP	F	-0.07%
TTGT	D	-0.07%
GOGO	B	-0.06%
LGF.A	A	-0.06%
USM	B	-0.06%
IDT	B	-0.06%
AMC	F	-0.06%
GTN	C	-0.05%
VMEO	D	-0.05%
ADV	B	-0.05%
STGW	A	-0.05%
CCO	D	-0.04%
MAX	B	-0.04%
ATUS	D	-0.04%
BOC	F	-0.04%
FUBO	F	-0.04%
ATEX	D	-0.04%
EB	F	-0.04%
LILA	A	-0.03%
CNSL	B	-0.03%
MCS	F	-0.03%
AMCX	D	-0.03%
ANGI	D	-0.02%
IHRT	D	-0.02%
ATNI	F	-0.02%
SSP	D	-0.02%
EVC	F	-0.01%