NSCS vs. FFSM ETF Comparison

Comparison of Nuveen Small Cap Select ETF (NSCS) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

NSCS

Nuveen Small Cap Select ETF

NSCS Description

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in exchange-traded common stocks of small-capitalization companies. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers listed on a foreign exchange that trade on such exchange contemporaneously with the shares of the fund. Up to 15% of the fund's total assets may be invested in equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$25.29

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$24.65

Average Daily Volume

23,863

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

Performance

Period	NSCS	FFSM
30 Days	-5.67%	-5.41%
60 Days	-2.99%	-1.99%
90 Days	3.10%	4.19%
12 Months	21.01%	22.04%

12 Overlapping Holdings

Symbol	Grade	Weight in NSCS	Weight in FFSM	Overlap
AIT	D	1.41%	0.79%	0.79%
ASGN	D	1.49%	0.76%	0.76%
ASO	F	1.93%	0.43%	0.43%
CRNX	A	0.51%	0.18%	0.18%
CYTK	D	0.28%	0.16%	0.16%
ICHR	D	1.57%	0.34%	0.34%
MDGL	C	0.39%	0.2%	0.2%
MMS	C	1.42%	0.58%	0.58%
NOG	B	1.79%	0.34%	0.34%
PGNY	F	0.92%	0.3%	0.3%
PRI	D	0.85%	0.72%	0.72%
WTFC	C	2.11%	0.52%	0.52%

NSCS Overweight 67 Positions Relative to FFSM

Symbol	Grade	Weight
PR	B	2.16%
EVR	C	2.09%
ONTO	B	1.72%
HQY	C	1.68%
MTDR	D	1.6%
SMCI	D	1.58%
SSB	D	1.58%
PIPR	A	1.57%
QTWO	A	1.52%
ARCB	F	1.47%
FIX	D	1.46%
EGP	F	1.45%
STAG	D	1.45%
OPCH	D	1.44%
PRMW	A	1.44%
CVLT	A	1.42%
ACA	D	1.4%
HOMB	A	1.38%
ESE	B	1.37%
BRBR	C	1.33%
NPO	D	1.33%
SUM	C	1.31%
SHOO	D	1.29%
AVNT	A	1.29%
KTOS	B	1.26%
SPT	F	1.25%
ZD	F	1.24%
SLGN	B	1.24%
MGNI	D	1.22%
BKH	A	1.18%
SMTC	A	1.18%
PWSC	F	1.17%
PFBC	A	1.13%
MODG	B	1.13%
BANR	D	1.09%
EHC	A	1.09%
WK	F	1.06%
EVRI	F	1.04%
ATRC	F	1.03%
PZZA	F	1.02%
KEX	A	1.0%
CYBR	D	0.98%
LADR	A	0.98%
THC	A	0.97%
DAN	B	0.97%
ICFI	C	0.94%
TTMI	B	0.93%
AVAV	A	0.92%
DO	F	0.92%
SEM	C	0.9%
ARRY	F	0.89%
SR	A	0.86%
SLAB	F	0.85%
FRSH	D	0.84%
AXNX	B	0.8%
GKOS	A	0.8%
SIBN	F	0.78%
INN	D	0.77%
HALO	C	0.71%
KRYS	C	0.67%
IMVT	D	0.61%
ESTA	A	0.57%
GDYN	F	0.54%
TCMD	F	0.54%
MYGN	C	0.44%
ITCI	B	0.37%
VKTX	B	0.2%

NSCS Underweight 146 Positions Relative to FFSM

Symbol	Grade	Weight
FTI	B	-1.63%
TPX	C	-1.58%
EME	A	-1.51%
AZO	D	-1.46%
AR	A	-1.41%
VRT	A	-1.4%
MOH	F	-1.36%
CROX	D	-1.26%
UHS	C	-1.23%
ACGL	A	-1.23%
XPO	D	-1.21%
MUSA	B	-1.2%
BJ	A	-1.15%
RRX	D	-1.14%
PFGC	D	-1.14%
ITT	B	-1.12%
EXP	C	-1.09%
USFD	C	-1.06%
DKS	B	-1.02%
FN	D	-1.01%
PVH	D	-1.0%
DOX	D	-0.99%
LPLA	A	-0.97%
NSIT	D	-0.93%
WHD	B	-0.92%
AIZ	C	-0.88%
ATKR	B	-0.88%
FAF	D	-0.87%
DFS	B	-0.86%
ORI	A	-0.86%
CHDN	A	-0.84%
LNG	D	-0.84%
CACI	A	-0.84%
VNT	D	-0.83%
NXST	D	-0.82%
AYI	D	-0.82%
AME	C	-0.82%
JLL	C	-0.81%
BC	D	-0.8%
SNX	A	-0.75%
STX	C	-0.73%
CRL	C	-0.73%
GPK	D	-0.72%
GVA	A	-0.71%
RGA	A	-0.7%
ON	D	-0.7%
MEDP	B	-0.7%
BECN	A	-0.7%
ACHC	D	-0.67%
ALSN	D	-0.67%
STLD	D	-0.67%
ACM	B	-0.66%
PNFP	D	-0.66%
AEIS	D	-0.66%
CMC	D	-0.66%
SNV	C	-0.65%
SN	A	-0.65%
KBR	A	-0.65%
TGLS	B	-0.64%
CNM	A	-0.64%
PCG	A	-0.64%
CC	D	-0.63%
WBS	D	-0.63%
G	F	-0.63%
AES	A	-0.6%
CAH	D	-0.59%
DT	F	-0.59%
HLI	A	-0.59%
FCNCA	A	-0.59%
HOLX	A	-0.57%
OLN	D	-0.57%
CADE	A	-0.57%
FSS	B	-0.57%
RJF	B	-0.56%
TENB	D	-0.56%
CIEN	D	-0.56%
KBH	C	-0.55%
LPX	D	-0.54%
VTR	B	-0.54%
AFG	C	-0.52%
ESI	D	-0.52%
HAYW	D	-0.52%
CBT	B	-0.51%
MTSI	A	-0.51%
EXLS	D	-0.5%
OI	F	-0.49%
LBRT	B	-0.48%
NOMD	D	-0.48%
LSCC	F	-0.48%
BCO	B	-0.46%
WSC	F	-0.46%
LGIH	F	-0.46%
EPRT	A	-0.45%
EBC	D	-0.44%
LEA	F	-0.43%
BOKF	A	-0.43%
CHX	B	-0.43%
LITE	D	-0.41%
CACC	F	-0.41%
CWK	C	-0.4%
CNXC	F	-0.39%
FBP	A	-0.39%
FROG	C	-0.38%
RUSHA	F	-0.37%
FIBK	A	-0.36%
OMI	D	-0.35%
BOOT	B	-0.35%
FLEX	D	-0.35%
TMDX	A	-0.34%
ESGR	C	-0.34%
DOOO	B	-0.32%
LCII	F	-0.32%
DIOD	B	-0.31%
ARGX	D	-0.31%
WST	D	-0.31%
EAT	A	-0.29%
ALGM	D	-0.29%
PRO	D	-0.29%
HELE	F	-0.28%
RGEN	F	-0.25%
MTB	A	-0.25%
IBTX	F	-0.24%
CSTM	D	-0.23%
KFRC	D	-0.22%
TEX	D	-0.21%
PATK	D	-0.21%
XPRO	D	-0.18%
VCEL	C	-0.15%
ECPG	F	-0.14%
ACLX	D	-0.13%
NUVL	C	-0.13%
CLDX	C	-0.13%
ICLR	C	-0.12%
PCVX	C	-0.11%
XENE	C	-0.09%
AXSM	B	-0.09%
LAUR	A	-0.08%
TCBK	A	-0.07%
PBH	B	-0.07%
ARVN	D	-0.07%
MORF	F	-0.06%
VRNA	F	-0.06%
TXG	F	-0.05%
ZNTL	F	-0.03%
KROS	C	-0.02%
ALXO	A	-0.01%