DFNV vs. FSST ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to Fidelity Sustainability U.S. Equity ETF (FSST)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.99

Average Daily Volume

20,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FSST

Fidelity Sustainability U.S. Equity ETF

FSST Description

FSST mainly invests in US companies that the fund adviser believes to have proven or improving sustainability practices. Evaluation of the companies impact characteristics may involve corporate engagement and its alignment with the United Nations Sustainable Development Goals using qualitative analysis as well as proprietary or third-party data. Their approach to sustainable investing not only considers ESG factors but fundamental ones as well, including financial conditions, industry positions, as well as market and economic conditions. Unlike other ETFs that disclose holdings on a daily basis, FSST publishes its full portfolio holdings monthly with a 30-day lag. A Tracking Basket Structure is in place which acts as a proxy portfolio and may include holdings from recent disclosures, other liquid ETFs as well as cash and cash equivalents in order to track the funds daily performance and facilitate arbitrage opportunities.

Grade (RS Rating)

Last Trade

$27.94

Average Daily Volume

1,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	FSST
30 Days	8.99%	2.99%
60 Days	10.78%	4.26%
90 Days	13.77%	5.87%
12 Months	41.35%	32.59%

7 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in FSST	Overlap
AAPL	C	7.79%	7.52%	7.52%
AMZN	C	0.2%	3.17%	0.2%
CRM	B	2.93%	2.3%	2.3%
GEN	B	0.68%	0.65%	0.65%
GILD	C	1.91%	1.41%	1.41%
GNRC	B	0.5%	0.59%	0.5%
INTU	C	2.3%	0.76%	0.76%

DFNV Overweight 92 Positions Relative to FSST

Symbol	Grade	Weight
AVGO	D	4.14%
NOW	A	2.72%
APP	B	2.69%
ABBV	D	2.59%
JNJ	D	2.45%
ADBE	C	2.35%
PLTR	B	2.33%
QCOM	F	2.14%
IBM	C	2.04%
BMY	B	1.99%
PANW	C	1.96%
UBER	D	1.83%
SPOT	B	1.8%
CRWD	B	1.7%
AMGN	D	1.6%
FTNT	C	1.58%
ANET	C	1.58%
DASH	A	1.53%
MSI	B	1.52%
TEAM	A	1.38%
PYPL	B	1.37%
TTD	B	1.24%
MMM	D	1.24%
ADSK	A	1.24%
VRT	B	1.22%
SNOW	C	1.17%
WDAY	B	1.17%
DDOG	A	1.14%
EA	A	1.09%
VEEV	C	1.04%
RBLX	C	1.0%
ZS	C	0.98%
UI	A	0.97%
EXPE	B	0.83%
NTAP	C	0.81%
DOCU	A	0.81%
ZM	B	0.8%
MCHP	D	0.79%
NTNX	A	0.78%
RMD	C	0.77%
PTC	A	0.76%
MANH	D	0.75%
DUOL	A	0.72%
PINS	D	0.7%
PSTG	D	0.68%
DT	C	0.66%
FFIV	B	0.6%
PCTY	B	0.59%
VRSN	F	0.57%
PEGA	A	0.54%
NBIX	C	0.53%
JKHY	D	0.51%
SWKS	F	0.5%
SMAR	A	0.5%
SOLV	C	0.49%
CVLT	B	0.48%
DBX	B	0.48%
LYFT	C	0.48%
HAS	D	0.44%
JAZZ	B	0.44%
ETSY	D	0.42%
NYT	C	0.4%
PATH	C	0.4%
MTCH	D	0.4%
ALTR	B	0.4%
QLYS	C	0.39%
HALO	F	0.38%
TENB	C	0.36%
PI	D	0.36%
BOX	B	0.36%
MAT	D	0.36%
CWAN	B	0.33%
CRUS	D	0.32%
ENPH	F	0.3%
ALKS	B	0.3%
QRVO	F	0.29%
BL	B	0.28%
IGT	F	0.25%
ZETA	D	0.24%
VERX	B	0.23%
RNG	B	0.22%
PLTK	B	0.22%
PRGS	A	0.21%
ALRM	C	0.21%
ACAD	D	0.2%
TDC	D	0.2%
RPD	C	0.19%
YELP	C	0.18%
FLNC	C	0.18%
YOU	D	0.17%
PTGX	C	0.17%
CMPR	D	0.15%

DFNV Underweight 59 Positions Relative to FSST

Symbol	Grade	Weight
MSFT	F	-6.22%
NVDA	C	-6.17%
GOOGL	C	-3.43%
PG	A	-2.98%
MCO	B	-2.6%
CI	F	-2.51%
AXP	A	-2.28%
DIS	B	-2.24%
MA	C	-2.15%
LIN	D	-2.1%
LOW	D	-1.99%
BLK	C	-1.9%
MRK	F	-1.79%
BKR	B	-1.76%
ON	D	-1.66%
KBR	F	-1.61%
NEE	D	-1.57%
PLD	D	-1.53%
DHR	F	-1.46%
AVY	D	-1.32%
HLT	A	-1.24%
JCI	C	-1.24%
TSLA	B	-1.22%
CNC	D	-1.13%
TMHC	B	-1.09%
AYI	B	-1.07%
DE	A	-1.06%
CCK	C	-1.06%
ICLR	D	-1.05%
CMCSA	B	-1.03%
EL	F	-0.99%
NFLX	A	-0.97%
LNG	B	-0.96%
UPS	C	-0.91%
ZTS	D	-0.84%
RRX	B	-0.83%
PSA	D	-0.82%
TGNA	B	-0.79%
VLTO	D	-0.78%
IR	B	-0.77%
C	A	-0.77%
FSLR	F	-0.73%
CDW	F	-0.73%
SBUX	A	-0.71%
DELL	C	-0.71%
MAN	D	-0.68%
BAC	A	-0.64%
DFS	B	-0.64%
CWEN	C	-0.62%
AMD	F	-0.6%
PHM	D	-0.55%
NTRS	A	-0.55%
HIG	B	-0.52%
EXAS	D	-0.51%
ACN	C	-0.51%
TKR	D	-0.5%
NXPI	D	-0.47%
MRNA	F	-0.31%
ESNT	D	-0.26%