JPEF vs. FDCF ETF Comparison

Comparison of JPMorgan Equity Focus ETF (JPEF) to Fidelity Disruptive Communications ETF (FDCF)

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$65.22

Average Daily Volume

64,118

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDCF

Fidelity Disruptive Communications ETF

FDCF Description

The fund normally invests at least 80% of assets in securities of disruptive communications companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.08

Average Daily Volume

4,639

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JPEF	FDCF
30 Days	2.08%	8.07%
60 Days	5.13%	9.45%
90 Days	4.59%	4.78%
12 Months	37.66%	50.97%

3 Overlapping Holdings

Symbol	Grade	Weight in JPEF	Weight in FDCF	Overlap
AMZN	C	5.27%	5.24%	5.24%
META	B	4.33%	6.53%	4.33%
NVDA	C	5.94%	6.08%	5.94%

JPEF Overweight 7 Positions Relative to FDCF

Symbol	Grade	Weight
MSFT	C	7.03%
BRK.A	C	3.2%
AAPL	C	3.07%
KMI	C	2.95%
L	D	2.93%
EOG	D	2.9%
COF	B	2.74%

JPEF Underweight 7 Positions Relative to FDCF

Symbol	Grade	Weight
AMT	C	-6.01%
ANET	C	-5.82%
GOOGL	D	-5.59%
SE	B	-4.89%
TMUS	B	-4.13%
TSM	C	-3.94%
LBRDA	C	-3.26%