USRD vs. FMED ETF Comparison

Comparison of Themes US R&D Champions ETF (USRD) to Fidelity Disruptive Medicine ETF (FMED)

USRD

Themes US R&D Champions ETF

USRD Description

The index is designed to provide exposure to U.S. companies in the large- and mid- capitalization segments that rank in the top 50 companies based on the index Provider"s R&D intensity metric. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FMED

Fidelity Disruptive Medicine ETF

FMED Description

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

$25.44

Average Daily Volume

4,762

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USRD	FMED
30 Days	2.17%	-1.34%
60 Days	2.27%	-2.99%
90 Days	3.37%	-1.48%
12 Months		18.13%

7 Overlapping Holdings

Symbol	Grade	Weight in USRD	Weight in FMED	Overlap
ALGN	D	2.18%	0.72%	0.72%
BSX	B	2.03%	6.26%	2.03%
EW	C	2.02%	1.95%	1.95%
ISRG	A	2.11%	4.42%	2.11%
LLY	F	1.77%	1.78%	1.77%
REGN	F	1.79%	3.26%	1.79%
VEEV	C	2.04%	2.18%	2.04%

USRD Overweight 43 Positions Relative to FMED

Symbol	Grade	Weight
FTNT	C	2.39%
TRMB	B	2.33%
EXPE	B	2.31%
GM	B	2.25%
INTU	C	2.25%
CMI	A	2.19%
ORCL	B	2.19%
ZM	B	2.17%
HPE	B	2.16%
NOW	A	2.15%
EA	A	2.12%
CDNS	B	2.11%
ADBE	C	2.1%
ADSK	A	2.1%
CSCO	B	2.07%
ANSS	B	2.06%
SNPS	B	2.04%
NTAP	C	2.03%
ROP	B	2.02%
GOOGL	C	2.0%
KEYS	A	2.0%
IBM	C	1.98%
QCOM	F	1.97%
TTD	B	1.97%
CSGP	D	1.96%
MDT	D	1.96%
META	D	1.95%
NOC	D	1.94%
HOLX	D	1.94%
JNJ	D	1.93%
ANET	C	1.93%
DOX	D	1.89%
AMAT	F	1.89%
LRCX	F	1.88%
GEHC	F	1.87%
AMD	F	1.87%
EL	F	1.85%
MELI	D	1.84%
CTVA	C	1.81%
LDOS	C	1.75%
AKAM	D	1.73%
MPWR	F	1.5%
ENPH	F	1.43%

USRD Underweight 45 Positions Relative to FMED

Symbol	Grade	Weight
UNH	C	-4.7%
PODD	C	-4.44%
DHR	F	-3.8%
ARGX	A	-3.27%
ALNY	D	-2.9%
SYK	C	-2.73%
EXAS	D	-2.72%
PEN	B	-2.64%
LFST	C	-2.41%
MASI	A	-2.01%
LEGN	F	-1.95%
INSP	D	-1.92%
DXCM	D	-1.88%
TMO	F	-1.87%
PRCT	B	-1.65%
ZLAB	C	-1.54%
AGL	F	-1.43%
GKOS	B	-1.42%
RGEN	D	-1.34%
PRVA	B	-1.34%
KROS	D	-1.34%
JANX	C	-1.32%
RMD	C	-1.3%
CRNX	C	-1.23%
CYTK	F	-1.19%
XENE	D	-1.17%
DOCS	C	-1.14%
DYN	F	-1.13%
PCVX	D	-1.13%
BRKR	D	-1.12%
WST	C	-1.01%
TNDM	F	-1.0%
PHR	F	-0.99%
CNC	D	-0.98%
ASND	D	-0.88%
VRTX	F	-0.84%
TXG	F	-0.63%
NTRA	B	-0.56%
ACLX	C	-0.45%
DNLI	D	-0.45%
NRIX	D	-0.44%
IRTC	D	-0.44%
DAWN	F	-0.41%
BNTX	D	-0.4%
ANAB	F	-0.24%