FBUF vs. KRUZ ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to Series Portfolios Trust Unusual Whales Subversive Republican Trading ETF (KRUZ)

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

$27.58

Average Daily Volume

3,453

Number of Holdings ^*

154

* may have additional holdings in another (foreign) market

KRUZ

Series Portfolios Trust Unusual Whales Subversive Republican Trading ETF

KRUZ Description

The fund is an actively managed diversified exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing primarily in equity securities of publicly traded companies that sitting Republican members of United States Congress and/or their families also have reported to have invested in through public disclosure filings made by such Congresspersons pursuant to the Stop Trading on Congressional Knowledge Act ("STOCK Act").

Grade (RS Rating)

Last Trade

$32.91

Average Daily Volume

10,478

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	KRUZ
30 Days	3.17%	2.97%
60 Days	6.14%	8.04%
90 Days	8.51%	10.19%
12 Months		33.00%

54 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in KRUZ	Overlap
AAPL	D	7.33%	0.54%	0.54%
ABBV	D	1.14%	0.2%	0.2%
ADBE	C	0.93%	0.21%	0.21%
AMAT	F	0.74%	0.14%	0.14%
AMGN	F	0.29%	0.16%	0.16%
AMZN	B	3.67%	0.73%	0.73%
ANET	C	0.38%	2.1%	0.38%
AVGO	B	1.87%	0.6%	0.6%
BAC	A	1.08%	0.17%	0.17%
BBWI	C	0.15%	0.73%	0.15%
C	B	0.68%	0.26%	0.26%
CLX	B	0.14%	0.43%	0.14%
COST	B	0.29%	0.89%	0.29%
CSCO	A	0.79%	0.21%	0.21%
CVX	B	0.02%	2.26%	0.02%
DIS	C	0.34%	0.2%	0.2%
DVN	F	0.53%	0.31%	0.31%
EQH	B	0.05%	0.55%	0.05%
GEN	A	0.13%	0.39%	0.13%
GOOGL	B	2.03%	0.5%	0.5%
HD	B	1.29%	0.83%	0.83%
JNJ	F	0.77%	1.16%	0.77%
JPM	B	1.8%	4.24%	1.8%
KLAC	F	0.59%	0.14%	0.14%
KO	F	0.02%	0.2%	0.02%
LMT	D	0.71%	0.68%	0.68%
MA	A	1.35%	0.61%	0.61%
META	B	3.02%	0.64%	0.64%
MMC	C	0.53%	0.36%	0.36%
MMM	D	0.19%	0.12%	0.12%
MSFT	C	5.7%	1.23%	1.23%
NBIX	C	0.19%	0.16%	0.16%
NEE	D	0.68%	0.57%	0.57%
NOW	A	0.48%	0.37%	0.37%
NUE	C	0.36%	0.44%	0.36%
NVDA	A	7.27%	3.59%	3.59%
ORCL	A	0.04%	0.16%	0.04%
PM	C	0.95%	0.73%	0.73%
PYPL	B	0.67%	1.1%	0.67%
QCOM	F	0.87%	0.24%	0.24%
RTX	C	0.28%	0.95%	0.28%
SCHW	A	0.7%	0.7%	0.7%
SPG	B	0.41%	2.37%	0.41%
T	C	0.7%	2.26%	0.7%
TJX	B	0.69%	0.12%	0.12%
TMO	F	0.87%	0.15%	0.15%
TMUS	A	0.07%	0.41%	0.07%
UBER	F	0.47%	0.38%	0.38%
UNH	B	0.56%	0.99%	0.56%
UTHR	B	0.05%	2.09%	0.05%
V	A	0.61%	0.67%	0.61%
WM	A	0.41%	0.14%	0.14%
WTW	A	0.1%	0.64%	0.1%
XOM	B	1.52%	0.25%	0.25%

FBUF Overweight 100 Positions Relative to KRUZ

Symbol	Grade	Weight
BRK.A	C	2.15%
GOOG	B	1.88%
NFLX	A	1.19%
CRM	B	1.09%
LLY	D	0.88%
CMCSA	B	0.87%
TSLA	B	0.87%
WMT	A	0.81%
MRK	F	0.8%
PG	D	0.79%
GILD	B	0.77%
UNP	D	0.76%
BMY	B	0.75%
MU	C	0.69%
PGR	B	0.65%
CAT	B	0.65%
ABT	B	0.65%
CI	D	0.63%
CTAS	A	0.63%
TT	A	0.63%
BDX	D	0.62%
NOC	C	0.61%
ECL	D	0.6%
CSX	B	0.56%
ZM	A	0.55%
CL	F	0.55%
EXEL	B	0.55%
DBX	B	0.54%
SQ	A	0.54%
ZBRA	A	0.53%
SEIC	A	0.53%
IGT	D	0.5%
CVNA	B	0.5%
GE	C	0.48%
PFE	F	0.48%
CMG	B	0.48%
CAH	B	0.47%
TXT	D	0.45%
CME	B	0.44%
GRMN	A	0.43%
AXP	B	0.42%
MSI	B	0.41%
ANF	D	0.41%
TDC	D	0.41%
VZ	D	0.39%
HWM	B	0.38%
SPGI	D	0.37%
SSNC	C	0.37%
MEDP	D	0.36%
LDOS	A	0.36%
INCY	B	0.35%
PPG	F	0.35%
PCAR	B	0.35%
CINF	A	0.31%
F	C	0.3%
SKYW	B	0.29%
EOG	B	0.27%
TROW	B	0.26%
MSCI	B	0.26%
TRV	B	0.25%
BIIB	F	0.24%
SYK	A	0.23%
CVS	F	0.23%
GAP	C	0.21%
CACI	B	0.21%
PEP	F	0.2%
ALRM	C	0.18%
TPH	D	0.18%
CRUS	F	0.17%
LNW	C	0.16%
PSA	D	0.16%
ETN	A	0.15%
MGM	F	0.15%
ALLE	D	0.15%
ITW	B	0.14%
GL	B	0.13%
XEL	A	0.13%
BK	B	0.12%
KR	A	0.12%
LRCX	F	0.12%
AON	A	0.12%
LHX	B	0.11%
VST	B	0.11%
PEGA	A	0.1%
DASH	A	0.1%
LPLA	A	0.1%
ED	D	0.1%
AMT	F	0.09%
NRG	B	0.09%
DOCU	A	0.09%
UNM	A	0.09%
NSC	B	0.09%
TWLO	B	0.08%
LYFT	B	0.07%
PLTK	B	0.07%
TNL	A	0.04%
VEEV	B	0.04%
OGE	B	0.03%
TOL	B	0.02%
IDXX	D	0.02%

FBUF Underweight 103 Positions Relative to KRUZ

Symbol	Grade	Weight
FIX	B	-3.33%
FIS	C	-2.34%
ACN	C	-2.28%
INTC	C	-2.26%
ALL	A	-2.11%
COP	C	-1.96%
DOW	F	-1.92%
TSN	C	-1.88%
NFG	C	-1.5%
ASML	F	-1.48%
TXN	B	-1.4%
ELV	F	-1.13%
CHTR	B	-0.91%
WMB	A	-0.9%
FDX	B	-0.84%
AER	C	-0.83%
CLF	D	-0.78%
ORLY	A	-0.77%
LIN	D	-0.76%
COF	B	-0.75%
SAP	C	-0.71%
EMR	A	-0.71%
WFC	B	-0.7%
OSK	B	-0.69%
LVS	C	-0.64%
WWD	B	-0.61%
SF	A	-0.61%
D	D	-0.58%
GEV	B	-0.57%
INTU	A	-0.56%
ROK	B	-0.56%
DAL	A	-0.56%
HON	B	-0.53%
BJ	B	-0.5%
EPAM	C	-0.49%
SPH	B	-0.48%
ET	B	-0.48%
CDNS	B	-0.48%
ARMK	C	-0.48%
BSX	A	-0.47%
X	B	-0.43%
ADSK	B	-0.42%
NGL	D	-0.41%
CSL	C	-0.41%
BECN	B	-0.38%
PRI	A	-0.37%
AMD	F	-0.35%
FBIN	F	-0.34%
HUM	F	-0.34%
NVT	B	-0.33%
DFS	B	-0.33%
VVV	B	-0.33%
CB	D	-0.32%
OKE	A	-0.32%
OXY	F	-0.32%
HLI	B	-0.31%
HSIC	F	-0.31%
NVO	F	-0.3%
SSD	D	-0.3%
NSIT	F	-0.29%
LPX	A	-0.29%
TRS	B	-0.28%
AIT	A	-0.27%
SKX	F	-0.27%
PLXS	B	-0.27%
GOLD	F	-0.27%
DLTR	F	-0.27%
LUV	B	-0.26%
DCI	A	-0.26%
UBSI	B	-0.25%
IQV	F	-0.25%
FTNT	A	-0.25%
ENTG	D	-0.24%
LBRDK	B	-0.23%
SBUX	B	-0.23%
ATR	A	-0.22%
RHI	B	-0.22%
WBD	C	-0.22%
AA	C	-0.22%
PLUS	D	-0.21%
CNM	D	-0.21%
PTC	B	-0.2%
FCX	F	-0.2%
ARW	F	-0.2%
DOV	A	-0.2%
ARLP	C	-0.2%
FMAO	A	-0.2%
IPG	F	-0.19%
ZION	B	-0.19%
ST	F	-0.19%
KKR	B	-0.17%
KHC	F	-0.17%
CRWD	B	-0.16%
GTES	B	-0.16%
PWR	B	-0.16%
PRGS	A	-0.16%
PAG	C	-0.16%
LGIH	F	-0.16%
HLT	A	-0.14%
HTGC	C	-0.14%
DHR	F	-0.14%
PSX	D	-0.1%
AZN	F	-0.09%