FQAL vs. ACIO ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Aptus Collared Income Opportunity ETF (ACIO)

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.68

Average Daily Volume

177,408

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	ACIO
30 Days	2.60%	1.67%
60 Days	4.35%	2.81%
90 Days	5.86%	3.89%
12 Months	30.56%	26.46%

36 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in ACIO	Overlap
AAPL	C	6.62%	6.96%	6.62%
ABBV	D	1.14%	0.64%	0.64%
ACN	C	1.05%	1.13%	1.05%
ADBE	C	0.97%	0.46%	0.46%
ADP	B	0.64%	0.31%	0.31%
AMAT	F	0.77%	1.32%	0.77%
AMT	D	0.27%	0.82%	0.27%
AVGO	D	2.0%	1.93%	1.93%
BMY	B	1.02%	0.71%	0.71%
CAT	B	0.77%	1.71%	0.77%
COST	B	1.01%	1.02%	1.01%
CSX	B	0.49%	1.0%	0.49%
CTAS	B	0.55%	0.96%	0.55%
EOG	A	0.32%	0.49%	0.32%
FCX	D	0.24%	0.36%	0.24%
JNJ	D	1.35%	1.02%	1.02%
KO	D	0.66%	1.12%	0.66%
LIN	D	0.52%	1.3%	0.52%
LLY	F	1.72%	1.2%	1.2%
LMT	D	0.56%	1.6%	0.56%
LOW	D	1.02%	1.2%	1.02%
MCD	D	1.11%	0.98%	0.98%
META	D	2.51%	2.47%	2.47%
MO	A	0.44%	0.61%	0.44%
MSFT	F	6.3%	6.16%	6.16%
NEE	D	0.47%	0.69%	0.47%
NFLX	A	0.97%	1.31%	0.97%
NVDA	C	7.24%	7.18%	7.18%
PG	A	0.98%	1.11%	0.98%
PGR	A	1.0%	1.66%	1.0%
PSA	D	0.23%	0.47%	0.23%
SHW	A	0.3%	0.42%	0.3%
SO	D	0.36%	1.02%	0.36%
V	A	1.61%	1.8%	1.61%
VRTX	F	0.86%	0.45%	0.45%
XOM	B	1.16%	1.85%	1.16%

FQAL Overweight 88 Positions Relative to ACIO

Symbol	Grade	Weight
GOOGL	C	3.69%
HD	A	1.5%
MA	C	1.48%
BKNG	A	1.21%
BX	A	1.05%
GILD	C	1.0%
FICO	B	0.96%
PANW	C	0.96%
AMP	A	0.92%
SPGI	C	0.92%
QCOM	F	0.91%
GRMN	B	0.86%
CME	A	0.85%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CFR	B	0.77%
MCO	B	0.76%
MSCI	C	0.75%
AZO	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
ACGL	D	0.71%
CBSH	A	0.71%
DPZ	C	0.69%
CVX	A	0.68%
LRCX	F	0.67%
IDXX	F	0.67%
KNSL	B	0.65%
QLYS	C	0.64%
KLAC	D	0.64%
WSM	B	0.63%
PM	B	0.63%
UNP	C	0.61%
MTD	D	0.58%
MEDP	D	0.57%
T	A	0.57%
VZ	C	0.56%
GWW	B	0.55%
ITW	B	0.54%
FAST	B	0.53%
AME	A	0.52%
MMM	D	0.5%
TDG	D	0.49%
PAYX	C	0.49%
CPRT	A	0.48%
VRSK	A	0.46%
OTIS	C	0.45%
ODFL	B	0.45%
VST	B	0.43%
COP	C	0.41%
TTD	B	0.41%
MDLZ	F	0.38%
CL	D	0.36%
CEG	D	0.36%
WMB	A	0.34%
MNST	C	0.31%
KMB	D	0.31%
TPL	A	0.31%
PLD	D	0.3%
LNG	B	0.28%
NRG	B	0.27%
WEC	A	0.26%
SPG	B	0.25%
HSY	F	0.25%
ECL	D	0.24%
O	D	0.21%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
AVB	B	0.19%
MLM	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	B	0.17%
CF	B	0.17%
SBAC	D	0.16%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
AVY	D	0.15%
GLPI	C	0.14%

FQAL Underweight 40 Positions Relative to ACIO

Symbol	Grade	Weight
AMZN	C	-3.8%
GOOG	C	-3.78%
NOW	A	-2.05%
JPM	A	-1.98%
TSLA	B	-1.91%
SYK	C	-1.81%
BRK.A	B	-1.73%
UNH	C	-1.26%
TMUS	B	-1.22%
BLK	C	-1.22%
WMT	A	-1.2%
MS	A	-1.14%
MAR	B	-1.11%
FI	A	-1.1%
ISRG	A	-1.04%
TMO	F	-1.03%
BAC	A	-1.02%
INTU	C	-1.01%
HON	B	-0.92%
MSI	B	-0.9%
MMC	B	-0.89%
TJX	A	-0.87%
ADI	D	-0.84%
PHM	D	-0.8%
ABT	B	-0.79%
FANG	D	-0.74%
ICE	C	-0.7%
DLR	B	-0.7%
MKC	D	-0.68%
DUK	C	-0.64%
C	A	-0.61%
ETN	A	-0.61%
TYL	B	-0.6%
DE	A	-0.58%
AMD	F	-0.45%
HCA	F	-0.45%
BR	A	-0.41%
CMCSA	B	-0.39%
AMGN	D	-0.35%
SLB	C	-0.25%