LGRO vs. FDCF ETF Comparison

Comparison of Level Four Large Cap Growth Active ETF (LGRO) to Fidelity Disruptive Communications ETF (FDCF)

LGRO

Level Four Large Cap Growth Active ETF

LGRO Description

The fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC for their growth potential within various market sectors.

Grade (RS Rating)

Last Trade

$33.15

Average Daily Volume

2,209

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

$37.90

Average Daily Volume

3,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LGRO	FDCF
30 Days	1.26%	1.94%
60 Days	4.39%	9.70%
90 Days	11.20%	15.83%
12 Months	37.75%	50.87%

11 Overlapping Holdings

Symbol	Grade	Weight in LGRO	Weight in FDCF	Overlap
AAPL	C	6.76%	2.53%	2.53%
AMZN	A	5.22%	5.16%	5.16%
DOCU	A	2.14%	0.96%	0.96%
GOOGL	A	4.26%	5.43%	4.26%
META	B	3.43%	3.2%	3.2%
MSFT	D	5.31%	1.42%	1.42%
NFLX	A	2.08%	1.92%	1.92%
NOW	A	2.32%	1.25%	1.25%
NVDA	B	4.27%	5.49%	4.27%
TWLO	A	2.05%	2.0%	2.0%
UBER	C	2.98%	2.81%	2.81%

LGRO Overweight 36 Positions Relative to FDCF

Symbol	Grade	Weight
PYPL	B	3.29%
BKNG	A	3.26%
UNH	C	2.51%
MPWR	F	2.35%
RH	B	2.3%
MS	B	2.21%
LRCX	F	2.21%
MSCI	C	2.18%
HD	B	2.1%
MA	B	1.94%
DBX	A	1.91%
CRM	A	1.88%
MU	C	1.67%
AMAT	F	1.62%
AVGO	B	1.24%
Z	D	1.21%
ABBV	A	1.19%
LMT	D	1.15%
FIS	B	1.13%
PSX	F	1.13%
PANW	B	1.1%
VRTX	D	1.05%
URI	B	1.03%
PHM	D	1.02%
CTSH	D	0.99%
SNOW	C	0.98%
TDG	C	0.95%
MCD	C	0.94%
V	A	0.91%
FTV	F	0.87%
STZ	F	0.81%
PAYC	A	0.77%
BIIB	F	0.76%
DIS	C	0.75%
ETSY	D	0.64%
EL	F	0.59%

LGRO Underweight 24 Positions Relative to FDCF

Symbol	Grade	Weight
AMT	D	-5.21%
ANET	B	-4.98%
TSM	B	-4.61%
SE	B	-4.54%
TMUS	B	-4.22%
LBRDA	A	-3.93%
SNAP	B	-3.74%
PDD	C	-3.15%
PINS	C	-2.81%
CDNS	C	-2.2%
CMCSA	A	-2.15%
IOT	C	-1.79%
BABA	B	-1.54%
PI	C	-1.47%
NXPI	C	-1.31%
SPOT	A	-1.3%
ZM	A	-1.25%
DY	C	-1.03%
SNPS	B	-1.02%
NET	B	-0.98%
GOGO	F	-0.88%
BMBL	C	-0.86%
SATS	B	-0.85%
ON	D	-0.76%