CZAR vs. FFLC ETF Comparison

Comparison of Themes Natural Monopoly ETF (CZAR) to Fidelity Fundamental Large Cap Core ETF (FFLC)

CZAR

Themes Natural Monopoly ETF

CZAR Description

The index is designed to provide exposure to companies in the large- and mid- capitalization segments that exhibit a strong competitive advantage in their respective sector. 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 and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.85

Average Daily Volume

322

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CZAR	FFLC
30 Days	1.67%	2.14%
60 Days	1.36%	3.92%
90 Days	3.36%	6.30%
12 Months		37.29%

15 Overlapping Holdings

Symbol	Grade	Weight in CZAR	Weight in FFLC	Overlap
ABNB	C	0.41%	0.33%	0.33%
AJG	B	3.16%	0.41%	0.41%
APO	B	3.87%	0.61%	0.61%
BMY	B	2.61%	0.92%	0.92%
CMCSA	B	0.52%	1.69%	0.52%
CSCO	B	3.99%	1.1%	1.1%
FDX	B	0.36%	0.58%	0.36%
GILD	C	2.49%	0.27%	0.27%
KO	D	0.98%	0.94%	0.94%
KVUE	A	1.3%	1.04%	1.04%
LIN	D	0.37%	0.2%	0.2%
MA	C	0.53%	0.85%	0.53%
META	D	3.57%	4.7%	3.57%
UBER	D	0.37%	0.61%	0.37%
V	A	0.52%	1.31%	0.52%

CZAR Overweight 30 Positions Relative to FFLC

Symbol	Grade	Weight
BLK	C	3.7%
AXP	A	3.46%
FTV	C	3.34%
ADI	D	3.04%
OTEX	D	3.0%
ADBE	C	2.99%
VRTX	F	1.91%
PG	A	1.01%
AME	A	1.01%
PEP	F	1.0%
XYL	D	0.78%
SNA	A	0.7%
CVX	A	0.67%
CPAY	A	0.63%
CHTR	C	0.62%
GPN	B	0.54%
EXC	C	0.49%
ROL	B	0.48%
LKQ	D	0.48%
ECL	D	0.39%
WCN	A	0.39%
CNI	D	0.35%
STLA	F	0.35%
VMC	B	0.33%
T	A	0.32%
DGX	A	0.31%
VZ	C	0.27%
IQV	D	0.26%
RSG	A	0.24%
GPC	D	0.15%

CZAR Underweight 72 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	F	-6.98%
NVDA	C	-5.71%
AAPL	C	-4.26%
GOOGL	C	-3.2%
AMZN	C	-2.89%
XOM	B	-2.88%
BAC	A	-2.18%
AVGO	D	-1.98%
LLY	F	-1.85%
WFC	A	-1.82%
SO	D	-1.72%
UNH	C	-1.72%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
EIX	B	-1.31%
CI	F	-1.23%
TMO	F	-1.18%
SAP	B	-1.15%
LOW	D	-1.06%
CEG	D	-1.06%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
INTU	C	-1.0%
ORCL	B	-0.97%
TSM	B	-0.97%
USB	A	-0.94%
URI	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	D	-0.76%
REGN	F	-0.75%
CB	C	-0.73%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
COST	B	-0.63%
ABBV	D	-0.61%
CCI	D	-0.61%
KNX	B	-0.59%
WSO	A	-0.56%
NVO	D	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
MAR	B	-0.42%
WSM	B	-0.4%
GD	F	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
GSK	F	-0.3%
HII	D	-0.29%
NOC	D	-0.25%
TMUS	B	-0.2%
MELI	D	-0.2%
DKS	C	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
SPG	B	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
LNG	B	-0.03%
MRVL	B	-0.02%