FVAL vs. CZAR ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Themes Natural Monopoly ETF (CZAR)

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.85

Average Daily Volume

322

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	CZAR
30 Days	3.33%	1.67%
60 Days	5.59%	1.36%
90 Days	6.82%	3.36%
12 Months	28.35%

14 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in CZAR	Overlap
AXP	A	0.83%	3.46%	0.83%
BMY	B	0.98%	2.61%	0.98%
CMCSA	B	0.61%	0.52%	0.52%
CVX	A	0.67%	0.67%	0.67%
EXC	C	0.26%	0.49%	0.26%
FDX	B	0.48%	0.36%	0.36%
GILD	C	0.97%	2.49%	0.97%
KVUE	A	0.52%	1.3%	0.52%
LIN	D	0.53%	0.37%	0.37%
META	D	2.55%	3.57%	2.55%
PG	A	1.08%	1.01%	1.01%
T	A	0.62%	0.32%	0.32%
V	A	1.44%	0.52%	0.52%
VZ	C	0.61%	0.27%	0.27%

FVAL Overweight 110 Positions Relative to CZAR

Symbol	Grade	Weight
NVDA	C	7.33%
AAPL	C	6.68%
MSFT	F	6.37%
AMZN	C	3.88%
GOOGL	C	3.72%
BRK.A	B	2.07%
JPM	A	1.84%
UNH	C	1.69%
CRM	B	1.46%
JNJ	D	1.31%
HD	A	1.22%
ACN	C	1.15%
XOM	B	1.14%
BAC	A	1.13%
ABBV	D	1.11%
IBM	C	1.09%
WFC	A	1.08%
WMT	A	1.07%
MRK	F	1.01%
QCOM	F	1.0%
ZM	B	0.98%
BKNG	A	0.87%
MU	D	0.85%
UAL	A	0.84%
MCD	D	0.84%
CI	F	0.81%
HPE	B	0.81%
INTC	D	0.77%
CAT	B	0.77%
CTSH	B	0.76%
C	A	0.74%
COF	B	0.72%
CVS	D	0.71%
TRV	B	0.68%
DFS	B	0.68%
HON	B	0.68%
SYF	B	0.67%
ELV	F	0.67%
GM	B	0.67%
EXPE	B	0.66%
DAL	C	0.64%
ADP	B	0.64%
RPRX	D	0.61%
UNP	C	0.61%
DE	A	0.59%
SWKS	F	0.56%
JXN	C	0.56%
LMT	D	0.56%
PRU	A	0.56%
LVS	C	0.55%
UPS	C	0.55%
MO	A	0.55%
CNC	D	0.54%
RNR	C	0.54%
PCAR	B	0.53%
CMI	A	0.52%
F	C	0.51%
OZK	B	0.51%
EBAY	D	0.51%
EG	C	0.5%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
TGT	F	0.48%
NEE	D	0.46%
RHI	B	0.44%
KR	B	0.43%
OC	A	0.42%
KMB	D	0.41%
COP	C	0.4%
M	D	0.39%
AGCO	D	0.38%
ADM	D	0.35%
ACI	C	0.34%
DUK	C	0.34%
PLD	D	0.32%
BG	F	0.32%
EOG	A	0.31%
PCG	A	0.29%
PARA	C	0.28%
SPG	B	0.27%
ATKR	C	0.26%
NRG	B	0.26%
AEP	D	0.26%
PSA	D	0.25%
FCX	D	0.24%
MPC	D	0.24%
O	D	0.23%
CBRE	B	0.23%
VLO	C	0.22%
NFG	A	0.2%
VICI	C	0.2%
NUE	C	0.19%
NEM	D	0.19%
BXP	D	0.18%
DVN	F	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	D	0.17%
WPC	D	0.16%
ARE	D	0.16%
GLPI	C	0.16%
DOW	F	0.16%
LYB	F	0.15%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 31 Positions Relative to CZAR

Symbol	Grade	Weight
CSCO	B	-3.99%
APO	B	-3.87%
BLK	C	-3.7%
FTV	C	-3.34%
AJG	B	-3.16%
ADI	D	-3.04%
OTEX	D	-3.0%
ADBE	C	-2.99%
VRTX	F	-1.91%
AME	A	-1.01%
PEP	F	-1.0%
KO	D	-0.98%
XYL	D	-0.78%
SNA	A	-0.7%
CPAY	A	-0.63%
CHTR	C	-0.62%
GPN	B	-0.54%
MA	C	-0.53%
ROL	B	-0.48%
LKQ	D	-0.48%
ABNB	C	-0.41%
ECL	D	-0.39%
WCN	A	-0.39%
UBER	D	-0.37%
CNI	D	-0.35%
STLA	F	-0.35%
VMC	B	-0.33%
DGX	A	-0.31%
IQV	D	-0.26%
RSG	A	-0.24%
GPC	D	-0.15%