AFMC vs. FNCL ETF Comparison

Comparison of Active Factor Mid Cap ETF (AFMC) to Fidelity MSCI Financials Index ETF (FNCL)

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.09

Average Daily Volume

15,410

Number of Holdings ^*

242

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$64.31

Average Daily Volume

87,462

Number of Holdings ^*

374

* may have additional holdings in another (foreign) market

Performance

Period	AFMC	FNCL
30 Days	4.88%	1.41%
60 Days	9.89%	11.93%
90 Days	11.24%	10.76%
12 Months	38.31%	42.39%

32 Overlapping Holdings

Symbol	Grade	Weight in AFMC	Weight in FNCL	Overlap
ACT	B	0.96%	0.02%	0.02%
AIZ	B	0.38%	0.15%	0.15%
AMG	B	0.62%	0.08%	0.08%
CACC	F	0.05%	0.04%	0.04%
CATY	B	0.22%	0.04%	0.04%
CBSH	D	0.45%	0.1%	0.1%
COLB	C	0.3%	0.08%	0.08%
EQH	B	0.09%	0.19%	0.09%
ERIE	A	0.87%	0.19%	0.19%
ESNT	A	0.95%	0.09%	0.09%
FHI	A	0.63%	0.04%	0.04%
FHN	D	0.25%	0.12%	0.12%
HLI	A	0.08%	0.11%	0.08%
HOMB	D	0.18%	0.07%	0.07%
HWC	D	0.3%	0.06%	0.06%
IBOC	D	0.75%	0.05%	0.05%
JHG	A	0.23%	0.07%	0.07%
JXN	A	0.62%	0.09%	0.09%
L	C	0.21%	0.21%	0.21%
MTG	A	1.17%	0.09%	0.09%
NAVI	D	0.21%	0.02%	0.02%
ORI	A	1.14%	0.13%	0.13%
OSCR	C	0.09%	0.05%	0.05%
OZK	D	0.19%	0.06%	0.06%
PRI	A	0.56%	0.13%	0.13%
RDN	D	0.81%	0.07%	0.07%
SF	A	0.63%	0.13%	0.13%
SSB	C	0.28%	0.1%	0.1%
UNM	A	0.8%	0.13%	0.13%
WBS	D	0.58%	0.11%	0.11%
WU	D	0.08%	0.04%	0.04%
ZION	D	0.14%	0.1%	0.1%

AFMC Overweight 210 Positions Relative to FNCL

Symbol	Grade	Weight
UTHR	C	1.58%
SFM	A	1.55%
TOL	C	1.51%
THC	D	1.27%
KBH	D	1.22%
VST	A	1.2%
EME	B	1.15%
AYI	A	1.03%
GDDY	B	1.02%
NRG	A	0.99%
ALSN	A	0.98%
MLI	B	0.94%
COKE	C	0.93%
FIX	A	0.91%
INGR	B	0.9%
WSM	C	0.88%
CSL	A	0.85%
HIW	C	0.83%
TMHC	C	0.81%
CNM	F	0.76%
LII	C	0.76%
IDCC	A	0.75%
GLPI	C	0.75%
WPC	C	0.75%
OC	C	0.74%
CW	A	0.73%
CACI	A	0.7%
JBL	C	0.69%
TXRH	A	0.69%
BLDR	C	0.67%
CVLT	B	0.65%
PHM	C	0.64%
NTAP	D	0.64%
NXST	D	0.63%
OHI	C	0.61%
BERY	C	0.61%
ONTO	B	0.6%
G	A	0.6%
SNX	C	0.59%
CRUS	D	0.59%
MUSA	D	0.59%
TPL	A	0.58%
HRB	C	0.58%
UHS	D	0.57%
CMC	D	0.57%
FICO	C	0.56%
NFG	A	0.56%
CHRD	F	0.55%
TPR	B	0.55%
MTH	C	0.55%
CUZ	C	0.55%
NYT	C	0.55%
EXP	C	0.55%
FFIV	B	0.55%
ENS	B	0.54%
SBRA	C	0.53%
DINO	F	0.53%
BRBR	A	0.53%
PSN	A	0.52%
DBX	C	0.52%
HALO	D	0.51%
CRS	B	0.49%
BCC	C	0.48%
TGNA	B	0.48%
ACIW	A	0.48%
DECK	B	0.48%
CHE	D	0.47%
JLL	C	0.47%
AGCO	D	0.47%
MAN	D	0.47%
SANM	D	0.46%
NVST	D	0.46%
PPC	C	0.46%
AMR	F	0.46%
PK	D	0.46%
MEDP	F	0.45%
KMT	C	0.45%
RGLD	C	0.44%
HNI	B	0.44%
BTU	B	0.44%
LAMR	C	0.43%
NTCT	C	0.43%
DDS	D	0.42%
GMED	B	0.42%
PINC	F	0.41%
ARW	C	0.41%
GHC	A	0.41%
PVH	D	0.41%
ASO	D	0.4%
RPM	A	0.4%
MOH	F	0.4%
SNA	C	0.39%
GEF	B	0.39%
WFRD	F	0.39%
TEX	F	0.38%
ANF	D	0.38%
WSO	C	0.37%
LNTH	C	0.36%
EPR	C	0.36%
JAZZ	F	0.36%
UFPI	C	0.35%
SAIC	A	0.35%
RS	D	0.34%
DKS	D	0.34%
ADC	C	0.34%
STLD	C	0.33%
BYD	B	0.33%
FSS	D	0.32%
APPF	C	0.32%
GAP	F	0.32%
HOG	D	0.31%
TTEK	A	0.31%
IBP	C	0.31%
CSWI	A	0.31%
MANH	A	0.3%
NSA	D	0.3%
OLN	D	0.3%
EXEL	B	0.3%
PBF	F	0.3%
AN	D	0.29%
AVT	B	0.29%
BDC	A	0.29%
CR	A	0.28%
INCY	B	0.28%
CTRE	C	0.28%
CHRW	C	0.28%
RL	B	0.27%
EHC	C	0.27%
ATKR	F	0.26%
CROX	C	0.26%
CNA	D	0.26%
NVT	C	0.26%
LEA	F	0.26%
WWD	C	0.26%
MSM	D	0.26%
GPI	C	0.25%
CRI	D	0.25%
TDC	D	0.25%
LPX	C	0.24%
HST	D	0.24%
LOPE	D	0.24%
ENSG	D	0.24%
WCC	D	0.23%
BWA	C	0.23%
ZD	D	0.22%
ESAB	C	0.21%
ADNT	F	0.21%
NBIX	F	0.21%
VMI	B	0.21%
CLF	D	0.2%
NEU	F	0.2%
SJM	D	0.2%
JWN	D	0.2%
CRVL	C	0.2%
AIT	B	0.19%
HPP	F	0.19%
NUS	F	0.18%
PRGO	F	0.18%
ABG	D	0.17%
APLE	B	0.17%
VSH	F	0.17%
DXC	C	0.17%
OPCH	F	0.17%
BLD	D	0.16%
M	D	0.16%
NSIT	B	0.15%
ATR	A	0.15%
AEO	C	0.15%
AMN	F	0.15%
SM	D	0.15%
CASY	D	0.13%
CNXC	F	0.12%
CAH	B	0.12%
TPH	C	0.12%
AOS	C	0.12%
OGN	F	0.11%
BOX	C	0.11%
CUBE	C	0.11%
BPMC	F	0.1%
ELF	F	0.1%
CPT	C	0.1%
SKX	B	0.09%
HSIC	D	0.09%
VNT	F	0.09%
APA	F	0.09%
ITT	C	0.09%
BRX	C	0.08%
ITRI	C	0.08%
LECO	D	0.08%
ASGN	D	0.08%
DCI	B	0.08%
UGI	C	0.07%
PDCO	F	0.07%
ZETA	B	0.07%
ACLS	F	0.07%
TAP	D	0.07%
HAE	F	0.07%
MMSI	C	0.06%
DVA	C	0.06%
DOCS	A	0.06%
AWI	A	0.05%
SPSC	D	0.05%
SMAR	A	0.05%
PBH	D	0.05%
LEVI	C	0.04%
BMI	A	0.04%
IART	F	0.02%
NNN	C	0.0%
VRNS	B	0.0%
PI	A	0.0%

AFMC Underweight 342 Positions Relative to FNCL

Symbol	Grade	Weight
BRK.A	B	-8.31%
JPM	C	-8.29%
V	B	-5.94%
MA	A	-5.62%
BAC	B	-3.8%
WFC	B	-2.67%
SPGI	C	-2.25%
GS	B	-2.21%
AXP	A	-2.14%
PGR	B	-2.02%
BLK	A	-1.92%
MS	A	-1.74%
C	B	-1.62%
CB	A	-1.53%
BX	C	-1.52%
MMC	D	-1.51%
FI	A	-1.44%
SCHW	D	-1.34%
ICE	A	-1.25%
KKR	A	-1.13%
CME	A	-1.08%
PYPL	A	-1.06%
MCO	D	-1.06%
PNC	C	-1.0%
USB	C	-0.97%
AON	A	-0.93%
AJG	C	-0.84%
AFL	A	-0.83%
TFC	D	-0.78%
COF	A	-0.78%
TRV	B	-0.74%
BK	A	-0.73%
APO	A	-0.69%
MET	A	-0.69%
ALL	A	-0.68%
AIG	C	-0.67%
FIS	A	-0.64%
AMP	A	-0.64%
MSCI	B	-0.62%
PRU	B	-0.6%
ACGL	A	-0.58%
SQ	D	-0.51%
COIN	F	-0.5%
DFS	A	-0.48%
HIG	A	-0.48%
NDAQ	C	-0.43%
FITB	C	-0.41%
WTW	C	-0.41%
MTB	A	-0.4%
ARES	A	-0.4%
GPN	F	-0.36%
STT	A	-0.36%
TROW	D	-0.34%
BRO	A	-0.34%
RJF	B	-0.33%
CPAY	A	-0.29%
RF	B	-0.29%
CBOE	B	-0.29%
CINF	A	-0.29%
HBAN	B	-0.29%
MKL	B	-0.28%
SYF	A	-0.27%
PFG	A	-0.27%
FCNCA	D	-0.26%
CFG	C	-0.26%
NTRS	B	-0.25%
EG	A	-0.24%
LPLA	D	-0.24%
FDS	C	-0.24%
WRB	C	-0.24%
KEY	B	-0.22%
FNF	C	-0.21%
RNR	A	-0.2%
RGA	B	-0.2%
IBKR	A	-0.19%
TW	A	-0.19%
JKHY	A	-0.18%
HOOD	B	-0.17%
EWBC	B	-0.16%
AFRM	C	-0.14%
GL	C	-0.14%
AFG	A	-0.14%
KNSL	B	-0.14%
CG	B	-0.14%
TOST	B	-0.14%
JEF	A	-0.14%
EVR	C	-0.13%
MKTX	B	-0.13%
ALLY	F	-0.13%
WEX	C	-0.12%
MORN	B	-0.12%
WAL	C	-0.12%
OWL	A	-0.12%
VOYA	A	-0.11%
CMA	C	-0.11%
SOFI	C	-0.11%
WTFC	B	-0.1%
BPOP	D	-0.1%
PNFP	B	-0.1%
SEIC	B	-0.1%
AGNC	B	-0.1%
RLI	A	-0.09%
HLNE	A	-0.09%
PB	D	-0.09%
RYAN	A	-0.09%
SNV	D	-0.09%
CFR	B	-0.09%
FAF	C	-0.09%
AXS	A	-0.09%
SIGI	D	-0.08%
CADE	B	-0.08%
IVZ	A	-0.08%
OMF	D	-0.08%
ONB	D	-0.08%
BEN	F	-0.08%
COOP	B	-0.08%
STWD	C	-0.08%
UMBF	C	-0.07%
PFSI	C	-0.07%
UBSI	D	-0.07%
FOUR	A	-0.07%
THG	A	-0.07%
GBCI	B	-0.07%
PIPR	A	-0.07%
LNC	B	-0.07%
FNB	D	-0.07%
ESGR	C	-0.06%
SFBS	B	-0.06%
CNO	B	-0.06%
TPG	A	-0.06%
AGO	B	-0.06%
WTM	C	-0.06%
FFIN	D	-0.06%
MC	B	-0.06%
EEFT	F	-0.06%
SLM	B	-0.06%
NMIH	B	-0.05%
ASB	D	-0.05%
AX	D	-0.05%
BGC	B	-0.05%
STEP	A	-0.05%
FBP	B	-0.05%
VLY	C	-0.05%
WD	C	-0.05%
KMPR	D	-0.05%
HASI	B	-0.05%
ABCB	C	-0.05%
SFNC	B	-0.04%
CNS	C	-0.04%
BKU	D	-0.04%
VIRT	B	-0.04%
PRK	D	-0.04%
ABR	C	-0.04%
CBU	D	-0.04%
WAFD	D	-0.04%
FIBK	C	-0.04%
APAM	B	-0.04%
WSFS	D	-0.04%
EBC	B	-0.04%
AUB	D	-0.04%
GNW	A	-0.04%
BOKF	B	-0.04%
UPST	C	-0.04%
FHB	D	-0.04%
BXMT	C	-0.04%
FULT	D	-0.04%
PJT	A	-0.04%
TCBI	B	-0.04%
BHF	D	-0.04%
UCBI	B	-0.04%
FLYW	F	-0.03%
EFSC	D	-0.03%
BANC	D	-0.03%
DFIN	B	-0.03%
RNST	D	-0.03%
NBTB	D	-0.03%
NATL	D	-0.03%
BANR	B	-0.03%
STC	D	-0.03%
MQ	F	-0.03%
OFG	D	-0.03%
SBCF	D	-0.03%
IBTX	B	-0.03%
BANF	D	-0.03%
EVTC	D	-0.03%
PRG	C	-0.03%
GSHD	B	-0.03%
PFS	D	-0.03%
FRME	D	-0.03%
ENVA	B	-0.03%
PPBI	D	-0.03%
FFBC	D	-0.03%
PLMR	A	-0.03%
INDB	D	-0.03%
SNEX	B	-0.03%
TBBK	A	-0.03%
VCTR	A	-0.03%
RKT	D	-0.03%
CVBF	B	-0.03%
HTLF	B	-0.03%
BOH	D	-0.03%
TOWN	C	-0.03%
OCFC	C	-0.02%
GABC	D	-0.02%
EIG	A	-0.02%
BHLB	D	-0.02%
SAFT	D	-0.02%
NBHC	D	-0.02%
NIC	D	-0.02%
WABC	F	-0.02%
LC	D	-0.02%
QCRH	C	-0.02%
PMT	B	-0.02%
ARI	F	-0.02%
CUBI	F	-0.02%
VBTX	C	-0.02%
TCBK	D	-0.02%
SASR	B	-0.02%
HTH	F	-0.02%
RC	F	-0.02%
SKWD	A	-0.02%
NNI	B	-0.02%
HMN	B	-0.02%
CODI	D	-0.02%
HOPE	B	-0.02%
TRUP	B	-0.02%
VRTS	D	-0.02%
LOB	B	-0.02%
CHCO	D	-0.02%
FBNC	B	-0.02%
SPNT	D	-0.02%
STBA	D	-0.02%
LKFN	D	-0.02%
BUSE	D	-0.02%
CASH	C	-0.02%
LADR	D	-0.02%
FRHC	A	-0.02%
SYBT	C	-0.02%
NWBI	D	-0.02%
FCF	D	-0.02%
FBK	B	-0.02%
WSBC	D	-0.02%
TRMK	D	-0.02%
AGM	D	-0.02%
MCY	B	-0.02%
PGC	B	-0.01%
WRLD	F	-0.01%
HAFC	D	-0.01%
CLBK	F	-0.01%
PAY	D	-0.01%
HONE	D	-0.01%
SPFI	D	-0.01%
UFCS	D	-0.01%
CCBG	D	-0.01%
PX	A	-0.01%
NFBK	D	-0.01%
GSBC	D	-0.01%
SMBC	B	-0.01%
MCB	B	-0.01%
NRDS	D	-0.01%
TRTX	D	-0.01%
BHB	D	-0.01%
TIPT	B	-0.01%
CTLP	B	-0.01%
MSBI	F	-0.01%
TRST	D	-0.01%
AMBC	F	-0.01%
EZPW	C	-0.01%
GDOT	C	-0.01%
FSBC	C	-0.01%
THFF	D	-0.01%
WASH	C	-0.01%
IIIV	D	-0.01%
CAC	C	-0.01%
AMTB	F	-0.01%
FMNB	D	-0.01%
RBCAA	C	-0.01%
BFST	C	-0.01%
TMP	C	-0.01%
CCB	B	-0.01%
EQBK	D	-0.01%
TFSL	D	-0.01%
EGBN	C	-0.01%
TREE	C	-0.01%
IMXI	F	-0.01%
LPRO	D	-0.01%
MCBS	D	-0.01%
UVE	C	-0.01%
CFFN	D	-0.01%
KREF	C	-0.01%
OSBC	D	-0.01%
CPF	C	-0.01%
PFBC	D	-0.01%
AMAL	B	-0.01%
CASS	F	-0.01%
PRA	C	-0.01%
HTBK	D	-0.01%
FCBC	D	-0.01%
HFWA	D	-0.01%
RPAY	F	-0.01%
HBNC	D	-0.01%
BFC	D	-0.01%
FMBH	D	-0.01%
FG	B	-0.01%
BHRB	D	-0.01%
BY	D	-0.01%
CFB	D	-0.01%
BSIG	D	-0.01%
MBWM	D	-0.01%
UWMC	D	-0.01%
AMSF	B	-0.01%
FBMS	D	-0.01%
CTBI	B	-0.01%
BRSP	D	-0.01%
PRAA	F	-0.01%
CMTG	F	-0.01%
BRKL	D	-0.01%
DX	D	-0.01%
LMND	F	-0.01%
OBK	D	-0.01%
CNOB	B	-0.01%
SBSI	D	-0.01%
IBCP	D	-0.01%
DCOM	B	-0.01%
PFC	D	-0.01%
UVSP	B	-0.01%
ECPG	F	-0.01%
CNNE	F	-0.01%
HCI	B	-0.01%
MBIN	C	-0.01%
RWT	C	-0.01%
EFC	D	-0.01%
PEBO	F	-0.01%
SRCE	D	-0.01%
AROW	D	-0.0%
RILY	F	-0.0%
GCBC	F	-0.0%
DGICA	D	-0.0%
DHIL	C	-0.0%
HGTY	D	-0.0%
KRNY	C	-0.0%
HBT	D	-0.0%