FBUF vs. CGDG ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Capital Group Dividend Growers ETF (CGDG)

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.53

Average Daily Volume

5,177

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

CGDG

Capital Group Dividend Growers ETF

CGDG Description

The fund invests primarily in common stocks of companies around the world that the investment adviser believes have the potential to provide combinations of current yield and dividend growth over the long-term. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.35

Average Daily Volume

200,766

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	CGDG
30 Days	3.10%	-1.04%
60 Days	4.70%	-0.49%
90 Days	6.08%	0.33%
12 Months		17.41%

16 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in CGDG	Overlap
ABBV	D	0.91%	0.9%	0.9%
ABT	B	0.63%	1.21%	0.63%
AMGN	D	0.25%	0.96%	0.25%
AVGO	D	1.62%	3.67%	1.62%
BMY	B	0.74%	1.03%	0.74%
CME	A	0.44%	0.74%	0.44%
JPM	A	1.93%	0.93%	0.93%
KLAC	D	0.61%	1.18%	0.61%
LLY	F	0.76%	1.41%	0.76%
MRK	F	0.96%	0.89%	0.89%
NOC	D	0.6%	0.96%	0.6%
NSC	B	0.11%	0.66%	0.11%
PM	B	0.94%	2.79%	0.94%
RTX	C	0.28%	2.19%	0.28%
TMUS	B	0.28%	0.91%	0.28%
UNH	C	0.57%	1.71%	0.57%

FBUF Overweight 139 Positions Relative to CGDG

Symbol	Grade	Weight
NVDA	C	7.37%
AAPL	C	7.34%
MSFT	F	5.66%
AMZN	C	3.84%
META	D	2.89%
BRK.A	B	2.2%
GOOGL	C	2.04%
GOOG	C	1.89%
XOM	B	1.56%
MA	C	1.36%
HD	A	1.32%
NFLX	A	1.28%
TSLA	B	1.27%
BAC	A	1.18%
CRM	B	1.16%
ADBE	C	0.94%
QCOM	F	0.85%
CMCSA	B	0.84%
WMT	A	0.82%
NEE	D	0.82%
CSCO	B	0.8%
PG	A	0.8%
SCHW	B	0.79%
UNP	C	0.75%
GILD	C	0.74%
JNJ	D	0.73%
PYPL	B	0.72%
TJX	A	0.72%
C	A	0.72%
T	A	0.71%
LMT	D	0.71%
TT	A	0.68%
PGR	A	0.67%
AMAT	F	0.67%
V	A	0.65%
CTAS	B	0.65%
DIS	B	0.65%
ECL	D	0.63%
CI	F	0.63%
SQ	B	0.6%
BDX	F	0.58%
CL	D	0.55%
SEIC	B	0.54%
MMC	B	0.53%
ZM	B	0.53%
CAT	B	0.53%
DBX	B	0.52%
ZBRA	B	0.52%
CVNA	B	0.52%
DVN	F	0.52%
MU	D	0.5%
NOW	A	0.5%
TXT	D	0.5%
CSX	B	0.49%
GE	D	0.48%
EOG	A	0.48%
CMG	B	0.47%
IGT	F	0.46%
SPG	B	0.44%
GRMN	B	0.44%
MSI	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
WM	A	0.41%
PFE	D	0.41%
TMO	F	0.38%
HWM	A	0.38%
ALLE	D	0.38%
PCAR	B	0.37%
NUE	C	0.36%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
PPG	F	0.34%
INCY	C	0.34%
F	C	0.33%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
COST	B	0.3%
MEDP	D	0.28%
TROW	B	0.28%
WFC	A	0.28%
TRV	B	0.26%
ADP	B	0.26%
MSCI	C	0.26%
UBER	D	0.24%
SYK	C	0.24%
LRCX	F	0.24%
CVS	D	0.23%
RSG	A	0.23%
MGM	D	0.23%
AMT	D	0.21%
LHX	C	0.21%
SPGI	C	0.21%
GAP	C	0.21%
BIIB	F	0.21%
FTNT	C	0.2%
PEP	F	0.19%
MMM	D	0.19%
TPH	D	0.18%
SSNC	B	0.18%
CACI	D	0.17%
PSA	D	0.17%
LNW	D	0.16%
BBWI	D	0.16%
OXY	D	0.15%
IDXX	F	0.15%
VST	B	0.14%
CLX	B	0.14%
ITW	B	0.14%
GL	B	0.13%
GEN	B	0.13%
KR	B	0.12%
BK	A	0.12%
INTU	C	0.12%
AON	A	0.12%
DASH	A	0.11%
LPLA	A	0.11%
UNM	A	0.1%
ED	D	0.1%
AME	A	0.09%
TWLO	A	0.09%
NRG	B	0.09%
DOCU	A	0.09%
LYFT	C	0.08%
CINF	A	0.07%
PLTK	B	0.07%
CRUS	D	0.07%
QRVO	F	0.06%
NBIX	C	0.06%
ANET	C	0.06%
ORCL	B	0.04%
VEEV	C	0.04%
TNL	A	0.04%
UTHR	C	0.04%
TOL	B	0.02%
CVX	A	0.02%
PEGA	A	0.02%

FBUF Underweight 28 Positions Relative to CGDG

Symbol	Grade	Weight
TSM	B	-3.82%
VICI	C	-2.38%
CNP	B	-1.8%
MS	A	-1.72%
BR	A	-1.66%
ACN	C	-1.61%
WELL	A	-1.58%
CARR	D	-1.56%
FDX	B	-1.33%
EIX	B	-1.24%
SBUX	A	-1.09%
PAYX	C	-1.04%
TFC	A	-1.01%
REXR	F	-0.99%
WBS	A	-0.94%
EWBC	A	-0.92%
KB	B	-0.89%
TRN	C	-0.88%
TSCO	D	-0.87%
CNI	D	-0.84%
TXN	C	-0.79%
YUM	B	-0.78%
AES	F	-0.61%
DOW	F	-0.59%
VALE	F	-0.58%
STZ	D	-0.47%
COP	C	-0.43%
SLB	C	-0.33%