KMID vs. FDFF ETF Comparison

Comparison of Virtus KAR Mid-Cap ETF (KMID) to Fidelity Disruptive Finance ETF (FDFF)

KMID

Virtus KAR Mid-Cap ETF

KMID Description

The fund advisor pursues long-term capital appreciation in the medium capitalization sector while seeking less market risk than the Russell Midcap® Index. The fund advisor invests in medium market capitalization companies believed by Kayne Anderson Rudnick Investment Management, LLC, the fund"s sub-adviser, to be undervalued relative to their future growth potential. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.54

Average Daily Volume

12,790

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance 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

$38.02

Average Daily Volume

2,324

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KMID	FDFF
30 Days	1.41%	7.85%
60 Days		13.79%
90 Days		18.77%
12 Months		43.70%

3 Overlapping Holdings

Symbol	Grade	Weight in KMID	Weight in FDFF	Overlap
EFX	F	3.98%	3.33%	3.33%
MSCI	C	2.94%	1.06%	1.06%
VRSK	A	3.63%	1.1%	1.1%

KMID Overweight 22 Positions Relative to FDFF

Symbol	Grade	Weight
AME	A	6.31%
TDY	B	4.11%
HEI	A	4.06%
LII	A	3.97%
WST	C	3.92%
POOL	D	3.92%
ROST	D	3.88%
ODFL	B	3.82%
DPZ	C	3.82%
PNR	B	3.68%
WAB	B	3.57%
BRO	B	3.55%
NDSN	C	3.5%
ROL	B	3.42%
FICO	A	3.28%
BSY	D	3.25%
LPLA	A	3.1%
ALGN	D	2.92%
BR	B	2.92%
FDS	B	2.64%
WRB	A	2.47%
MPWR	F	2.35%

KMID Underweight 30 Positions Relative to FDFF

Symbol	Grade	Weight
BLK	B	-5.78%
APO	B	-5.71%
V	A	-5.36%
MA	B	-5.06%
COF	B	-5.03%
FLYW	B	-4.39%
MSTR	B	-3.84%
ICE	D	-2.9%
TOST	A	-2.83%
SQ	A	-2.07%
OWL	A	-2.06%
DLO	C	-2.0%
COIN	B	-2.0%
FI	A	-1.83%
TW	A	-1.48%
CBOE	C	-1.47%
NRDS	D	-1.38%
ARES	A	-1.34%
MKTX	D	-1.16%
CASH	B	-1.15%
NU	C	-1.09%
BILL	A	-1.03%
VIRT	A	-0.99%
PFSI	D	-0.96%
AMH	C	-0.9%
FOUR	A	-0.89%
ALLY	C	-0.85%
MELI	C	-0.81%
RPAY	D	-0.68%
UWMC	D	-0.59%