FPFD vs. PSK ETF Comparison

Comparison of Fidelity Preferred Securities & Income ETF (FPFD) to SPDR Wells Fargo Preferred Stock ETF (PSK)

FPFD

Fidelity Preferred Securities & Income ETF

FPFD Description

The investment seeks high total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of the fund's assets in preferred securities and other income-producing securities. It normally invests in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities. The fund primarily invests in securities rated at least BB by S&P, Ba by Moodys, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality. It is non-diversified.

Grade (RS Rating)

Last Trade

$21.92

Average Daily Volume

17,612

Number of Holdings ^*

13

* may have additional holdings in another (foreign) market

PSK

SPDR Wells Fargo Preferred Stock ETF

PSK Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.41

Average Daily Volume

122,231

Number of Holdings ^*

26

* may have additional holdings in another (foreign) market

Performance

Period	FPFD	PSK
30 Days	-1.30%	-2.27%
60 Days	-2.01%	-3.30%
90 Days	0.00%	0.33%
12 Months	13.12%	12.84%

8 Overlapping Holdings

	Symbol	Grade	Weight in FPFD	Weight in PSK	Overlap
	ACGLO	D	0.12%	0.42%	0.12%
	AIZN	D	0.14%	0.3%	0.14%
	ELC	D	0.06%	0.32%	0.06%
	PRS	C	0.1%	0.76%	0.1%
	RZC	C	0.27%	1.04%	0.27%
	SOJD	D	0.28%	1.22%	0.28%
	TBB	C	0.21%	1.75%	0.21%
	UNMA	C	0.23%	0.41%	0.23%

FPFD Overweight 5 Positions Relative to PSK

	Symbol	Grade	Weight
	T	A	1.11%
	AFGE	D	0.31%
	AQNB	C	0.2%
	UZE	B	0.19%
	WTFCM	A	0.13%

FPFD Underweight 18 Positions Relative to PSK

	Symbol	Grade	Weight
	TBC	C	-1.14%
	SREA	D	-1.02%
	CMSD	C	-0.85%
	DUKB	D	-0.68%
	FITBI	B	-0.63%
	SOJC	D	-0.6%
	RZB	C	-0.56%
	PFH	D	-0.55%
	DTW	D	-0.52%
	EAI	D	-0.5%
	BAC	A	-0.43%
	ESGRP	D	-0.43%
	MGR	D	-0.39%
	CMSC	C	-0.38%
	GPJA	D	-0.34%
	NRUC	D	-0.33%
	TVC	C	-0.32%
	EMP	D	-0.31%

FPFD: Top Represented Industries & Keywords

Industries: Other Banks - Regional - US Insurance - Diversified Telecom Services

Keywords: Insurance Broadband Electricity Hands Free Devices Internet Access Natural Gas Personal Computer Wireless Data Cards Retail Store Telecommunications Voice And Data Voice Services Wireless Data Wireless Voice American Depositary Receipt American Financial Group Annuity Products Arch Capital Group Asset Management Assurant Bank

PSK: Top Represented Industries & Keywords

Industries: Other Insurance - Diversified Banks - Global Banks - Regional - US Electric Utilities Insurance

Keywords: Electricity Natural Gas Insurance Entergy Asset Management Services Bank Banking Critical Illness Disability Electric Power Gas Marketing Gas Pipeline Gas/Oil Gulf States Utilities Health Insurance Indian Point Energy Center Insurance Industry Internet Access Landfill Landfill Gas