FVAL vs. WOMN ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

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

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	WOMN
30 Days	3.33%	2.87%
60 Days	5.59%	2.73%
90 Days	6.82%	5.77%
12 Months	28.35%	26.34%

55 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in WOMN	Overlap
AAPL	C	6.68%	5.02%	5.02%
ABBV	D	1.11%	1.55%	1.11%
ACN	C	1.15%	1.9%	1.15%
ADM	D	0.35%	0.15%	0.15%
ADP	B	0.64%	0.5%	0.5%
AEP	D	0.26%	0.23%	0.23%
AMZN	C	3.88%	4.47%	3.88%
AXP	A	0.83%	0.7%	0.7%
BAC	A	1.13%	1.25%	1.13%
BMY	B	0.98%	0.43%	0.43%
C	A	0.74%	0.56%	0.56%
CBRE	B	0.23%	0.16%	0.16%
CI	F	0.81%	0.5%	0.5%
CMI	A	0.52%	0.2%	0.2%
COF	B	0.72%	0.24%	0.24%
COP	C	0.4%	0.65%	0.4%
CRM	B	1.46%	2.27%	1.46%
CVX	A	0.67%	1.31%	0.67%
DAL	C	0.64%	0.12%	0.12%
DOW	F	0.16%	0.17%	0.16%
EBAY	D	0.51%	0.29%	0.29%
ELV	F	0.67%	0.59%	0.59%
EXC	C	0.26%	0.19%	0.19%
EXPE	B	0.66%	0.15%	0.15%
F	C	0.51%	0.46%	0.46%
GILD	C	0.97%	0.46%	0.46%
GM	B	0.67%	0.49%	0.49%
HPE	B	0.81%	0.19%	0.19%
HST	C	0.17%	0.06%	0.06%
IBM	C	1.09%	1.64%	1.09%
INTC	D	0.77%	0.81%	0.77%
JNJ	D	1.31%	1.82%	1.31%
KMB	D	0.41%	0.22%	0.22%
KR	B	0.43%	0.17%	0.17%
MCD	D	0.84%	2.04%	0.84%
META	D	2.55%	4.85%	2.55%
MMM	D	0.5%	0.33%	0.33%
MRK	F	1.01%	1.3%	1.01%
MSFT	F	6.37%	2.49%	2.49%
NEM	D	0.19%	0.26%	0.19%
OC	A	0.42%	0.07%	0.07%
PCG	A	0.29%	0.18%	0.18%
PG	A	1.08%	1.82%	1.08%
PRU	A	0.56%	0.19%	0.19%
RHI	B	0.44%	0.03%	0.03%
SYF	B	0.67%	0.09%	0.09%
TGT	F	0.48%	0.36%	0.36%
UNH	C	1.69%	2.47%	1.69%
UNP	C	0.61%	0.71%	0.61%
UPS	C	0.55%	0.43%	0.43%
V	A	1.44%	1.94%	1.44%
VZ	C	0.61%	0.82%	0.61%
WFC	A	1.08%	0.95%	0.95%
WMT	A	1.07%	0.73%	0.73%
XOM	B	1.14%	2.53%	1.14%

FVAL Overweight 69 Positions Relative to WOMN

Symbol	Grade	Weight
NVDA	C	7.33%
GOOGL	C	3.72%
BRK.A	B	2.07%
JPM	A	1.84%
HD	A	1.22%
QCOM	F	1.0%
ZM	B	0.98%
BKNG	A	0.87%
MU	D	0.85%
UAL	A	0.84%
CAT	B	0.77%
CTSH	B	0.76%
CVS	D	0.71%
TRV	B	0.68%
DFS	B	0.68%
HON	B	0.68%
T	A	0.62%
CMCSA	B	0.61%
RPRX	D	0.61%
DE	A	0.59%
SWKS	F	0.56%
JXN	C	0.56%
LMT	D	0.56%
LVS	C	0.55%
MO	A	0.55%
CNC	D	0.54%
RNR	C	0.54%
LIN	D	0.53%
PCAR	B	0.53%
KVUE	A	0.52%
OZK	B	0.51%
EG	C	0.5%
WYNN	D	0.5%
G	B	0.49%
FDX	B	0.48%
NEE	D	0.46%
M	D	0.39%
AGCO	D	0.38%
ACI	C	0.34%
DUK	C	0.34%
PLD	D	0.32%
BG	F	0.32%
EOG	A	0.31%
PARA	C	0.28%
SPG	B	0.27%
ATKR	C	0.26%
NRG	B	0.26%
PSA	D	0.25%
FCX	D	0.24%
MPC	D	0.24%
O	D	0.23%
VLO	C	0.22%
NFG	A	0.2%
VICI	C	0.2%
NUE	C	0.19%
BXP	D	0.18%
DVN	F	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
JLL	D	0.17%
WPC	D	0.16%
ARE	D	0.16%
GLPI	C	0.16%
LYB	F	0.15%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 143 Positions Relative to WOMN

Symbol	Grade	Weight
LLY	F	-3.49%
ADBE	C	-2.23%
CSCO	B	-1.92%
MA	C	-1.77%
INTU	C	-1.56%
NOW	A	-1.42%
KO	D	-1.25%
UBER	D	-1.22%
PEP	F	-1.17%
SBUX	A	-1.03%
GE	D	-0.88%
AMGN	D	-0.82%
NFLX	A	-0.72%
SPGI	C	-0.7%
PGR	A	-0.67%
MSI	B	-0.63%
MS	A	-0.6%
BLK	C	-0.6%
ETN	A	-0.59%
REGN	F	-0.55%
VRTX	F	-0.54%
WDAY	B	-0.51%
AMT	D	-0.49%
MDLZ	F	-0.47%
ADSK	A	-0.45%
TEL	B	-0.43%
TT	A	-0.39%
EQIX	A	-0.39%
CL	D	-0.39%
WM	A	-0.37%
HPQ	A	-0.36%
MPWR	F	-0.36%
TMUS	B	-0.36%
YUM	B	-0.36%
USB	A	-0.35%
PYPL	B	-0.34%
WELL	A	-0.33%
MCO	B	-0.33%
LULU	C	-0.29%
DECK	A	-0.28%
EMR	A	-0.28%
APD	A	-0.27%
ECL	D	-0.27%
PSX	C	-0.26%
CARR	D	-0.26%
HUBS	A	-0.26%
NSC	B	-0.25%
KEYS	A	-0.25%
ANSS	B	-0.25%
FTV	C	-0.24%
AIG	B	-0.24%
WMB	A	-0.24%
D	C	-0.23%
SRE	A	-0.23%
MET	A	-0.22%
JCI	C	-0.22%
BK	A	-0.22%
TYL	C	-0.22%
AMP	A	-0.21%
ALL	A	-0.21%
RSG	A	-0.19%
GIS	D	-0.19%
GWW	B	-0.19%
PEG	A	-0.18%
CTVA	C	-0.18%
PAYX	C	-0.18%
VRSK	A	-0.17%
BKR	B	-0.17%
DASH	A	-0.17%
OXY	D	-0.17%
BBY	D	-0.16%
KHC	F	-0.16%
HIG	B	-0.16%
ED	D	-0.16%
EA	A	-0.16%
IR	B	-0.16%
EIX	B	-0.15%
IRM	D	-0.15%
DD	D	-0.15%
XYL	D	-0.15%
WSM	B	-0.15%
GPN	B	-0.14%
ROK	B	-0.14%
OKTA	C	-0.14%
VST	B	-0.14%
CAH	B	-0.13%
HSY	F	-0.13%
A	D	-0.13%
FITB	A	-0.13%
WTW	B	-0.13%
BIIB	F	-0.13%
PPG	F	-0.13%
IFF	D	-0.12%
ETR	B	-0.12%
VTR	C	-0.11%
SCI	B	-0.11%
EL	F	-0.11%
STT	A	-0.11%
TROW	B	-0.11%
CHD	B	-0.11%
AWK	D	-0.11%
RF	A	-0.1%
RJF	A	-0.1%
PPL	B	-0.1%
CMS	C	-0.09%
BAX	D	-0.09%
OMC	C	-0.09%
BAH	F	-0.09%
INVH	D	-0.09%
K	A	-0.09%
HBAN	A	-0.09%
BMRN	D	-0.08%
CNP	B	-0.08%
KEY	B	-0.08%
DAY	B	-0.08%
PFG	D	-0.08%
PINS	D	-0.08%
NTRS	A	-0.08%
ESS	B	-0.08%
TRU	D	-0.08%
CLX	B	-0.08%
SWK	D	-0.07%
CAG	D	-0.07%
LNT	A	-0.07%
LUV	C	-0.07%
DOC	D	-0.07%
IPG	D	-0.06%
SJM	D	-0.06%
CE	F	-0.06%
NI	A	-0.06%
ETSY	D	-0.06%
PNR	A	-0.06%
TAP	C	-0.05%
CPB	D	-0.05%
REXR	F	-0.05%
ALB	C	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
CFG	B	-0.04%
PNW	B	-0.04%
MTCH	D	-0.04%
AGR	B	-0.01%
ZG	A	-0.01%