FBUF vs. GLBL ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Pacer MSCI World Industry Advantage ETF (GLBL)

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

$27.45

Average Daily Volume

3,480

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

GLBL

Pacer MSCI World Industry Advantage ETF

GLBL Description

GLBL tracks an index that aims to invest in firms that lead the industry from the country with the most active weight in each of the GICS Industry Groups. First, the fund determines which country has the highest active weight in each of the twenty-five GICS Industry Groups as measured against the MSCI World Index, its parent index. Only large- and midcap companies from developed market countries are considered. Then, all securities with a 3-month ADTV greater than or equal to USD 5 Million become eligible. Finally, at each quarterly review and initial construction, the eligible securities that meet the liquidity criteria are grouped by country, and each group is weighted in proportion to their aggregate free-float market cap and the corresponding country's GDP. The weights are then normalized to sum to 100%, with each security having a cap of 5%.

Grade (RS Rating)

Last Trade

$21.41

Average Daily Volume

285

Number of Holdings ^*

279

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	GLBL
30 Days	2.51%	3.07%
60 Days	5.65%
90 Days	7.03%
12 Months

64 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in GLBL	Overlap
AAPL	C	7.13%	4.68%	4.68%
ABT	C	0.62%	0.62%	0.62%
ADBE	C	0.98%	0.7%	0.7%
AMAT	F	0.72%	0.5%	0.5%
AMT	F	0.2%	0.28%	0.2%
AMZN	A	3.92%	5.51%	3.92%
ANET	C	0.07%	0.35%	0.07%
AVGO	C	1.89%	2.54%	1.89%
AXP	B	0.43%	0.54%	0.43%
BBWI	C	0.16%	0.02%	0.02%
BDX	F	0.59%	0.21%	0.21%
BK	B	0.12%	0.18%	0.12%
BRK.A	B	2.14%	1.94%	1.94%
CAH	B	0.48%	0.08%	0.08%
CI	D	0.65%	0.3%	0.3%
CMCSA	B	0.85%	0.54%	0.54%
CME	B	0.43%	0.26%	0.26%
CMG	B	0.48%	0.25%	0.25%
COST	B	0.3%	1.28%	0.3%
CRM	B	1.22%	0.95%	0.95%
CSCO	A	0.81%	0.72%	0.72%
CVS	F	0.21%	0.23%	0.21%
DASH	A	0.11%	0.16%	0.11%
DIS	B	0.35%	0.56%	0.35%
DOCU	B	0.1%	0.05%	0.05%
GEN	B	0.14%	0.05%	0.05%
GOOG	C	1.93%	2.86%	1.93%
GOOGL	C	2.08%	3.3%	2.08%
HD	B	1.28%	1.22%	1.22%
IDXX	F	0.1%	0.1%	0.1%
KLAC	F	0.65%	0.32%	0.32%
KR	A	0.12%	0.12%	0.12%
LPLA	A	0.11%	0.07%	0.07%
LRCX	F	0.25%	0.37%	0.25%
MA	B	1.36%	1.33%	1.33%
META	B	3.01%	4.02%	3.01%
MGM	D	0.23%	0.03%	0.03%
MSCI	B	0.26%	0.13%	0.13%
MSFT	C	5.68%	4.68%	4.68%
MSI	B	0.43%	0.22%	0.22%
MU	D	0.69%	0.4%	0.4%
NFLX	A	1.24%	1.12%	1.12%
NOW	A	0.51%	0.71%	0.51%
NVDA	A	7.69%	5.47%	5.47%
ORCL	A	0.04%	0.96%	0.04%
PSA	D	0.16%	0.16%	0.16%
PYPL	A	0.73%	0.25%	0.25%
QCOM	F	0.83%	0.61%	0.61%
QRVO	F	0.06%	0.02%	0.02%
SCHW	B	0.74%	0.34%	0.34%
SEIC	A	0.55%	0.02%	0.02%
SPG	A	0.43%	0.16%	0.16%
SPGI	C	0.38%	0.47%	0.38%
SQ	B	0.61%	0.12%	0.12%
SYK	A	0.23%	0.39%	0.23%
TJX	A	0.71%	0.41%	0.41%
TROW	A	0.28%	0.08%	0.08%
TWLO	B	0.09%	0.04%	0.04%
UNH	B	0.59%	1.7%	0.59%
V	A	0.63%	1.5%	0.63%
VEEV	B	0.04%	0.1%	0.04%
WMT	A	0.81%	1.16%	0.81%
ZBRA	B	0.54%	0.09%	0.09%
ZM	B	0.59%	0.06%	0.06%

FBUF Overweight 91 Positions Relative to GLBL

Symbol	Grade	Weight
JPM	A	1.87%
XOM	B	1.54%
TSLA	B	1.18%
BAC	A	1.14%
ABBV	F	0.93%
PM	B	0.87%
LLY	F	0.85%
BMY	B	0.79%
NEE	D	0.79%
GILD	B	0.78%
PG	C	0.77%
MRK	F	0.76%
UNP	D	0.75%
LMT	D	0.74%
JNJ	D	0.71%
C	B	0.71%
PGR	A	0.68%
T	A	0.68%
CTAS	B	0.67%
TT	B	0.67%
NOC	D	0.65%
ECL	C	0.62%
CSX	B	0.59%
EXEL	B	0.55%
DBX	B	0.54%
CAT	B	0.53%
TXT	D	0.52%
CVNA	B	0.52%
MMC	D	0.52%
CL	F	0.52%
DVN	F	0.51%
GE	D	0.49%
IGT	F	0.49%
GRMN	A	0.45%
PFE	F	0.43%
HWM	B	0.42%
WM	A	0.42%
ANF	C	0.42%
TMO	F	0.4%
PCAR	B	0.39%
SSNC	C	0.38%
LDOS	C	0.38%
NUE	D	0.37%
TDC	F	0.35%
INCY	B	0.35%
MEDP	D	0.33%
PPG	F	0.33%
F	C	0.32%
UBER	F	0.32%
SKYW	B	0.31%
EOG	A	0.29%
RTX	D	0.28%
AMGN	F	0.26%
ADP	A	0.26%
TRV	B	0.25%
RSG	B	0.23%
VZ	D	0.23%
LHX	B	0.22%
BIIB	F	0.22%
CACI	C	0.21%
GAP	B	0.21%
MMM	C	0.19%
PEP	D	0.19%
ALRM	C	0.19%
TPH	C	0.18%
LNW	F	0.17%
CRUS	F	0.16%
ETN	B	0.16%
ALLE	D	0.15%
ITW	B	0.14%
OXY	F	0.14%
GL	B	0.13%
VST	B	0.13%
CLX	A	0.13%
AON	B	0.12%
WTW	A	0.11%
ED	D	0.1%
LYFT	B	0.09%
AME	A	0.09%
NRG	C	0.09%
TMUS	A	0.09%
NSC	B	0.09%
UNM	A	0.09%
NBIX	C	0.07%
CINF	A	0.07%
PLTK	B	0.07%
UTHR	B	0.05%
TNL	A	0.04%
TOL	B	0.02%
CVX	A	0.02%
PEGA	B	0.02%

FBUF Underweight 215 Positions Relative to GLBL

Symbol	Grade	Weight
AMD	F	-0.74%
MCD	C	-0.69%
ACN	B	-0.68%
TXN	B	-0.61%
IBM	D	-0.6%
TM	F	-0.58%
ISRG	A	-0.55%
INTU	A	-0.55%
GS	B	-0.54%
LOW	B	-0.5%
MS	A	-0.48%
UL	D	-0.46%
MELI	D	-0.42%
BSX	A	-0.39%
FI	A	-0.39%
BX	A	-0.37%
ADI	D	-0.37%
PANW	B	-0.36%
MDT	D	-0.35%
PLTR	B	-0.35%
SBUX	B	-0.34%
INTC	C	-0.34%
PLD	D	-0.32%
TD	D	-0.31%
ELV	F	-0.3%
ICE	C	-0.29%
APH	B	-0.28%
KKR	B	-0.28%
CDNS	B	-0.28%
ORLY	A	-0.28%
MCK	B	-0.28%
SNPS	C	-0.27%
WELL	B	-0.26%
HCA	D	-0.25%
MRVL	B	-0.24%
CRWD	B	-0.23%
COF	B	-0.22%
MCO	C	-0.22%
ABNB	C	-0.21%
TGT	C	-0.21%
EQIX	B	-0.21%
ADSK	B	-0.21%
ROP	A	-0.2%
CNI	F	-0.19%
TTD	B	-0.19%
APO	B	-0.19%
AMP	A	-0.19%
NXPI	F	-0.19%
MAR	A	-0.19%
FTNT	B	-0.18%
COIN	B	-0.18%
WDAY	B	-0.18%
MPWR	F	-0.18%
DLR	C	-0.17%
HLT	A	-0.17%
APP	B	-0.17%
O	D	-0.16%
CCI	F	-0.15%
HUBS	B	-0.15%
RCL	A	-0.15%
FIS	B	-0.14%
TYL	B	-0.14%
SYY	D	-0.13%
IT	B	-0.13%
MSTR	B	-0.13%
YUM	B	-0.13%
HMC	F	-0.13%
DELL	C	-0.13%
ROST	D	-0.13%
CTSH	A	-0.13%
HUM	D	-0.13%
EXR	D	-0.12%
SNOW	C	-0.12%
COR	B	-0.12%
RMD	C	-0.12%
DDOG	B	-0.12%
MCHP	F	-0.12%
DFS	B	-0.12%
EW	F	-0.12%
GEHC	D	-0.12%
GLW	B	-0.12%
AVB	B	-0.11%
IRM	D	-0.11%
TEAM	B	-0.11%
NDAQ	B	-0.11%
RJF	A	-0.11%
EA	A	-0.11%
HPQ	B	-0.11%
CDW	F	-0.1%
ON	F	-0.1%
VICI	D	-0.1%
EBAY	C	-0.1%
CNC	F	-0.1%
HPE	B	-0.09%
NTAP	D	-0.09%
PTC	B	-0.09%
STT	B	-0.09%
NET	B	-0.09%
CHTR	B	-0.09%
ULTA	C	-0.09%
VTR	C	-0.08%
SYF	B	-0.08%
ZBH	C	-0.08%
KEYS	C	-0.08%
GPN	B	-0.08%
ARES	B	-0.08%
DRI	B	-0.08%
MOH	F	-0.08%
DXCM	C	-0.08%
CPAY	A	-0.08%
EXPE	B	-0.08%
GDDY	B	-0.08%
ANSS	B	-0.08%
TTWO	A	-0.08%
EQR	C	-0.08%
WDC	D	-0.07%
MANH	C	-0.07%
TSCO	D	-0.07%
WBD	B	-0.07%
MDB	C	-0.07%
ESS	C	-0.07%
CCL	B	-0.07%
MAA	C	-0.07%
OMC	A	-0.07%
STX	D	-0.07%
NTRS	A	-0.07%
WY	F	-0.07%
RBLX	B	-0.07%
FDS	A	-0.06%
HOLX	D	-0.06%
LH	B	-0.06%
TDY	B	-0.06%
FFIV	B	-0.06%
PODD	B	-0.06%
GPC	D	-0.06%
SUI	F	-0.06%
LYV	A	-0.06%
BAX	F	-0.06%
SMCI	F	-0.06%
LVS	C	-0.06%
TW	B	-0.06%
BURL	C	-0.06%
INVH	D	-0.06%
WSM	F	-0.06%
BBY	C	-0.06%
PINS	F	-0.06%
EQH	B	-0.05%
FSLR	F	-0.05%
ZS	B	-0.05%
GLPI	D	-0.05%
TFX	F	-0.05%
CBOE	D	-0.05%
DKS	D	-0.05%
DOC	C	-0.05%
HOOD	B	-0.05%
UHS	D	-0.05%
AKAM	F	-0.05%
STE	D	-0.05%
PSTG	D	-0.05%
ENTG	F	-0.05%
TRMB	B	-0.05%
DT	C	-0.05%
SBAC	D	-0.05%
ALGN	D	-0.05%
KIM	A	-0.05%
TER	F	-0.05%
DPZ	C	-0.05%
ARE	F	-0.05%
EPAM	B	-0.05%
DKNG	B	-0.05%
DG	F	-0.05%
SOLV	C	-0.04%
DVA	C	-0.04%
IPG	F	-0.04%
ALLY	C	-0.04%
KMX	B	-0.04%
LKQ	C	-0.04%
H	B	-0.04%
OKTA	C	-0.04%
IOT	B	-0.04%
DGX	B	-0.04%
JNPR	D	-0.04%
CG	B	-0.04%
HST	D	-0.04%
TOST	A	-0.04%
BXP	D	-0.04%
WPC	F	-0.04%
UDR	C	-0.04%
SNAP	C	-0.04%
JKHY	C	-0.04%
SWKS	F	-0.04%
POOL	D	-0.04%
VRSN	C	-0.04%
DLTR	F	-0.04%
CPT	C	-0.03%
CRBG	C	-0.03%
FOXA	A	-0.03%
MKTX	C	-0.03%
JBL	C	-0.03%
HSIC	F	-0.03%
ELS	B	-0.03%
ENPH	F	-0.03%
ROKU	C	-0.03%
NWSA	B	-0.03%
AMH	C	-0.03%
REG	A	-0.03%
FOX	A	-0.02%
BEN	C	-0.02%
WYNN	C	-0.02%
PARA	B	-0.02%
WBA	D	-0.02%
MTCH	F	-0.02%
AGCO	F	-0.02%
ACI	C	-0.02%
BSY	F	-0.02%