FPAG vs. FDRV ETF Comparison

Comparison of FPA Global Equity ETF (FPAG) to Fidelity Electric Vehicles and Future Transportation ETF (FDRV)

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

$29.84

Average Daily Volume

17,091

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDRV

Fidelity Electric Vehicles and Future Transportation ETF

FDRV Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Electric Vehicles and Future Transportation Index. Normally investing at least 80% of assets in securities included in the Fidelity Electric Vehicles and Future Transportation Index and in depositary receipts representing securities included in the index. The Fidelity Electric Vehicles and Future Transportation Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum engaged in the production of electric and/or autonomous vehicles and their components, technology, or energy systems or engaged in other initiatives that aim to change the future of transportation.

Grade (RS Rating)

Last Trade

$14.43

Average Daily Volume

10,326

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPAG	FDRV
30 Days	8.49%	12.77%
60 Days	7.69%	-1.34%
90 Days	9.30%	-2.63%
12 Months	28.80%	-15.47%

3 Overlapping Holdings

Symbol	Grade	Weight in FPAG	Weight in FDRV	Overlap
ADI	B	5.13%	4.93%	4.93%
NXPI	A	2.21%	4.2%	2.21%
UBER	D	1.16%	3.82%	1.16%

FPAG Overweight 22 Positions Relative to FDRV

Symbol	Grade	Weight
GOOGL	B	6.38%
META	D	5.35%
C	C	4.88%
CMCSA	F	4.78%
TEL	A	4.58%
GOOG	B	4.17%
IFF	B	3.84%
WFC	C	3.66%
AMZN	C	3.39%
AON	F	2.69%
AVGO	B	2.26%
KMX	F	1.85%
CHTR	D	1.75%
KMI	A	1.72%
MAR	D	1.69%
FE	B	1.49%
HWM	A	1.29%
ICLR	C	1.26%
WAB	A	1.23%
NFLX	B	0.66%
BABA	C	0.29%
PCG	B	0.21%

FPAG Underweight 29 Positions Relative to FDRV

Symbol	Grade	Weight
GRMN	B	-3.99%
TSLA	D	-3.92%
APTV	D	-3.44%
ON	D	-2.95%
ALB	D	-2.83%
ST	C	-2.52%
SWKS	F	-2.27%
LEA	F	-2.25%
LYFT	D	-2.23%
RIVN	D	-2.22%
NIO	D	-2.21%
LI	F	-2.07%
LSCC	F	-2.01%
BE	C	-1.9%
VC	D	-1.75%
XPEV	D	-1.73%
SITM	C	-1.56%
DIOD	C	-1.51%
ADNT	F	-1.5%
LCID	D	-1.43%
BLBD	B	-1.42%
SYNA	D	-1.38%
PLUG	D	-1.19%
ALGM	D	-1.13%
INDI	D	-0.84%
CHPT	D	-0.83%
NKLA	F	-0.77%
LAZR	D	-0.77%
PSNY	F	-0.61%