FBOT vs. LBO ETF Comparison

Comparison of Fidelity Disruptive Automation ETF (FBOT) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)

FBOT

Fidelity Disruptive Automation ETF

FBOT Description

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

$27.27

Average Daily Volume

10,732

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

LBO

WHITEWOLF Publicly Listed Private Equity ETF

LBO Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. It defines "listed private equity companies" as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers (collectively, "Listed Private Equity Companies") that are listed and traded on a U.S. national securities exchange. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.37

Average Daily Volume

172

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	FBOT	LBO
30 Days	8.64%	8.82%
60 Days	15.88%	16.29%
90 Days	1.26%	9.33%
12 Months	23.92%

0 Overlapping Holdings

	Symbol	Grade	Weight in FBOT	Weight in LBO	Overlap

FBOT Overweight 4 Positions Relative to LBO

	Symbol	Grade	Weight
	NVDA	B	7.23%
	PTC	B	5.4%
	TER	C	4.77%
	ACN	B	2.82%

FBOT Underweight 10 Positions Relative to LBO

	Symbol	Grade	Weight
	ARCC	A	-7.57%
	KKR	A	-7.42%
	FSK	A	-7.24%
	BXSL	B	-6.63%
	TPG	A	-5.52%
	BX	C	-5.49%
	OWL	A	-5.48%
	HTGC	B	-5.13%
	ARES	A	-5.0%
	APO	A	-4.81%

FBOT: Top Represented Industries & Keywords

Industries: Information Technology Services Semiconductor Equipment & Materials Semiconductors Software - Application

Keywords: S&P 500 Smartphones Accenture Aerospace Application Lifecycle Management Artificial Intelligence Automatic Test Equipment Banking Baseband Baseband Processor Bpo Services Business Process Outsourcing Business Process Outsourcing Services Calibration Cdma Cellular Telephone Chemical Cloud Computing Computer Aided Design Computer Architecture

LBO: Top Represented Industries & Keywords

Industries: Asset Management Specialty Finance

Keywords: Private Equity Leveraged Buyout Real Estate Funds Venture Capital Blackstone Consumer Products Credit Debt Financing Direct Lending Gcm Grosvenor Hedge Funds Mezzanine Capital Oil And Gas Private Equity Fund Refinancing S&P 500 Special Situation Advanced Materials Advisory Services Airport