EBLU vs. FDCF ETF Comparison

Comparison of Ecofin Global Water ESG Fund (EBLU) to Fidelity Disruptive Communications ETF (FDCF)

EBLU

Ecofin Global Water ESG Fund

EBLU Description

The Tortoise Global Water ESG Fund uses a passive management approach and seeks investment results that correspond generally to the price and distribution rate performance of the Tortoise Global Water ESG Net Total Return Index®, which is comprised of companies across the globe and throughout the water cycle that we believe are positioned to benefit from the pursuit of solving the water supply/demand imbalance.

Grade (RS Rating)

Last Trade

$50.17

Average Daily Volume

2,235

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDCF

Fidelity Disruptive Communications ETF

FDCF Description

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

$38.56

Average Daily Volume

6,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EBLU	FDCF
30 Days	4.15%	3.02%
60 Days	3.94%	7.38%
90 Days	10.77%	9.05%
12 Months	31.90%	41.68%

1 Overlapping Holdings

	Symbol	Grade	Weight in EBLU	Weight in FDCF	Overlap
	ANET	C	5.99%	4.87%	4.87%

EBLU Overweight 21 Positions Relative to FDCF

Symbol	Grade	Weight
ERII	D	4.87%
CNM	D	4.29%
BMI	B	4.12%
ECL	D	3.94%
FELE	B	3.53%
AOS	F	3.49%
WMS	D	3.42%
AWK	D	3.37%
WTRG	B	3.32%
FBIN	D	3.11%
IEX	B	2.92%
LNN	B	2.13%
MWA	B	1.92%
PNR	A	1.51%
WTTR	B	1.35%
MEG	F	1.3%
TTEK	F	0.37%
WTS	B	0.33%
VLTO	D	0.31%
XYL	D	0.27%
ZWS	B	0.17%

EBLU Underweight 34 Positions Relative to FDCF

Symbol	Grade	Weight
NVDA	C	-5.66%
AMZN	C	-5.62%
GOOGL	C	-5.47%
SE	B	-4.91%
AMT	D	-4.68%
TMUS	B	-4.48%
TSM	B	-4.34%
LBRDA	C	-4.1%
META	D	-3.08%
SNAP	C	-3.02%
PDD	F	-2.9%
TWLO	A	-2.78%
PINS	D	-2.53%
UBER	D	-2.47%
AAPL	C	-2.43%
CDNS	B	-2.28%
CMCSA	B	-2.2%
NFLX	A	-2.08%
IOT	A	-1.88%
SPOT	B	-1.51%
BABA	D	-1.41%
ZM	B	-1.39%
MSFT	F	-1.37%
NOW	A	-1.35%
PI	D	-1.3%
DOCU	A	-1.11%
DY	D	-1.09%
NXPI	D	-1.09%
SNPS	B	-1.04%
GOGO	C	-1.02%
NET	B	-1.01%
BMBL	C	-0.98%
SATS	D	-0.71%
ON	D	-0.69%