COWS vs. FDRV ETF Comparison

Comparison of Amplify Cash Flow Dividend Leaders ETF (COWS) to Fidelity Electric Vehicles and Future Transportation ETF (FDRV)

COWS

Amplify Cash Flow Dividend Leaders ETF

COWS Description

COWS is an index tracking fund utilizing a replication strategy. The index strategy aims to invest in US stocks of companies perceived to be stable and pay dividends. The starting investment universe considers the 1000 most liquid US-listed companies, excluding the financial sector. Filtering this universe, the 100 highest ranked free cash flow yielding stocks, as measured by equally weighting the stocks average trailing and forward cash flow yield. Companies with no forward estimates for free cash flow yields or earnings are removed. The investment universe is then filtered to identify dividend paying stocks with three years of uninterrupted dividend growth. Stocks with a payout ratio greater than 75% are eliminated. The top 10% of dividend yielding stocks are selected for the index. This process results in 40-100 stocks being selected and initially equally weighted in the index. Industry exposure is capped at 24%. Index holdings are reconstituted and rebalanced on a quarterly basis.

Grade (RS Rating)

Last Trade

$31.69

Average Daily Volume

6,514

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDRV

Fidelity Electric Vehicles and Future Transportation ETF

FDRV Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Electric Vehicles and Future Transportation Index. Normally investing at least 80% of assets in securities included in the Fidelity Electric Vehicles and Future Transportation Index and in depositary receipts representing securities included in the index. The Fidelity Electric Vehicles and Future Transportation Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum engaged in the production of electric and/or autonomous vehicles and their components, technology, or energy systems or engaged in other initiatives that aim to change the future of transportation.

Grade (RS Rating)

Last Trade

$13.56

Average Daily Volume

9,416

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	COWS	FDRV
30 Days	8.32%	0.40%
60 Days	7.64%	2.38%
90 Days	8.17%	1.50%
12 Months	29.39%	-12.78%

2 Overlapping Holdings

	Symbol	Grade	Weight in COWS	Weight in FDRV	Overlap
	LEA	D	1.33%	2.21%	1.33%
	SWKS	F	1.84%	2.94%	1.84%

COWS Overweight 51 Positions Relative to FDRV

Symbol	Grade	Weight
VST	B	4.0%
SNA	A	2.95%
OC	A	2.76%
G	B	2.68%
CMCSA	B	2.56%
MRO	B	2.49%
CF	B	2.48%
SLB	C	2.48%
HAL	C	2.43%
BC	C	2.42%
FNF	B	2.35%
FDX	B	2.31%
EBAY	D	2.3%
TPR	B	2.21%
WSM	B	2.17%
TKR	D	2.13%
BMY	B	2.07%
ALSN	B	2.03%
PARA	C	2.02%
SM	B	2.02%
PVH	C	1.95%
PTEN	C	1.93%
VLO	C	1.89%
NXST	C	1.86%
BEN	C	1.8%
BBWI	D	1.75%
NOV	C	1.74%
PR	B	1.74%
MGY	A	1.73%
MUR	D	1.72%
MTDR	B	1.67%
GAP	C	1.67%
ASO	F	1.63%
T	A	1.6%
MCK	B	1.48%
DVN	F	1.48%
VNT	B	1.46%
OLN	D	1.45%
TMUS	B	1.43%
DNB	B	1.43%
AYI	B	1.4%
BWA	D	1.37%
CSCO	B	1.34%
AEO	F	1.33%
RL	B	1.29%
OGN	D	1.29%
OSK	B	1.27%
INGR	B	1.25%
IPG	D	1.23%
SAIC	F	1.19%
ENS	D	1.12%

COWS Underweight 28 Positions Relative to FDRV

Symbol	Grade	Weight
TSLA	B	-6.03%
UBER	D	-4.56%
ADI	D	-4.56%
GRMN	B	-3.77%
NXPI	D	-3.77%
RIVN	F	-3.19%
ON	D	-3.05%
APTV	D	-3.04%
LI	F	-2.69%
ALB	C	-2.21%
ST	F	-2.07%
XPEV	C	-1.95%
LCID	F	-1.9%
NIO	F	-1.87%
VC	D	-1.75%
LYFT	C	-1.55%
LSCC	D	-1.54%
ADNT	F	-1.44%
DIOD	D	-1.43%
BE	B	-1.41%
SYNA	C	-1.29%
SITM	B	-1.25%
CHPT	F	-1.18%
PLUG	F	-1.06%
ALGM	D	-1.05%
BLBD	D	-1.01%
LAZR	F	-0.88%
INDI	C	-0.72%