FBUF vs. LCTU ETF Comparison

Comparison of Fidelity Dynamic Buffered Equity ETF (FBUF) to BlackRock U.S. Carbon Transition Readiness ETF (LCTU)

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

LCTU

BlackRock U.S. Carbon Transition Readiness ETF

LCTU Description

The investment seeks long-term capital appreciation by investing in large- and mid-capitalization U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy. The fund seeks to outperform the price and yield performance of the Russell 1000 Â®Index by optimizing for LCETR scores criteria based on proprietary BFA research. It seeks to invest at least 80% of its net assets in equity securities of issuers listed in the United States of America. The index is a subset of the Russell 3000 Index, which measures the performance of the broad U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.47

Average Daily Volume

34,560

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	FBUF	LCTU
30 Days	3.10%	3.49%
60 Days	4.70%	4.30%
90 Days	6.08%	6.08%
12 Months		31.67%

89 Overlapping Holdings

Symbol	Grade	Weight in FBUF	Weight in LCTU	Overlap
AAPL	C	7.34%	6.76%	6.76%
ABBV	D	0.91%	0.66%	0.66%
ABT	B	0.63%	1.36%	0.63%
ADBE	C	0.94%	0.55%	0.55%
ADP	B	0.26%	0.16%	0.16%
AMAT	F	0.67%	0.1%	0.1%
AMGN	D	0.25%	0.43%	0.25%
AMT	D	0.21%	0.35%	0.21%
AMZN	C	3.84%	3.23%	3.23%
AON	A	0.12%	0.27%	0.12%
AVGO	D	1.62%	1.24%	1.24%
AXP	A	0.43%	0.02%	0.02%
BIIB	F	0.21%	0.2%	0.2%
BMY	B	0.74%	0.11%	0.11%
BRK.A	B	2.2%	1.12%	1.12%
C	A	0.72%	0.37%	0.37%
CAT	B	0.53%	0.53%	0.53%
CI	F	0.63%	0.37%	0.37%
CINF	A	0.07%	0.13%	0.07%
CL	D	0.55%	0.41%	0.41%
CMCSA	B	0.84%	0.05%	0.05%
COST	B	0.3%	1.42%	0.3%
CRM	B	1.16%	0.7%	0.7%
CSCO	B	0.8%	0.87%	0.8%
CVNA	B	0.52%	0.01%	0.01%
CVS	D	0.23%	0.24%	0.23%
CVX	A	0.02%	0.23%	0.02%
DASH	A	0.11%	0.04%	0.04%
DIS	B	0.65%	0.26%	0.26%
DOCU	A	0.09%	0.05%	0.05%
ECL	D	0.63%	1.04%	0.63%
ED	D	0.1%	0.04%	0.04%
FTNT	C	0.2%	0.18%	0.18%
GAP	C	0.21%	0.02%	0.02%
GE	D	0.48%	0.57%	0.48%
GEN	B	0.13%	0.22%	0.13%
GILD	C	0.74%	0.1%	0.1%
GL	B	0.13%	0.02%	0.02%
GOOG	C	1.89%	1.69%	1.69%
GOOGL	C	2.04%	2.07%	2.04%
GRMN	B	0.44%	0.01%	0.01%
HD	A	1.32%	0.92%	0.92%
HWM	A	0.38%	0.03%	0.03%
INTU	C	0.12%	0.5%	0.12%
ITW	B	0.14%	0.13%	0.13%
JNJ	D	0.73%	1.18%	0.73%
JPM	A	1.93%	1.45%	1.45%
LLY	F	0.76%	1.3%	0.76%
LPLA	A	0.11%	0.2%	0.11%
LRCX	F	0.24%	0.37%	0.24%
MA	C	1.36%	1.78%	1.36%
META	D	2.89%	2.24%	2.24%
MGM	D	0.23%	0.14%	0.14%
MMC	B	0.53%	0.5%	0.5%
MRK	F	0.96%	0.48%	0.48%
MSCI	C	0.26%	0.11%	0.11%
MSFT	F	5.66%	4.7%	4.7%
MU	D	0.5%	0.05%	0.05%
NEE	D	0.82%	0.13%	0.13%
NFLX	A	1.28%	0.89%	0.89%
NOW	A	0.5%	0.44%	0.44%
NRG	B	0.09%	0.19%	0.09%
NVDA	C	7.37%	6.37%	6.37%
ORCL	B	0.04%	0.4%	0.04%
PCAR	B	0.37%	0.62%	0.37%
PEP	F	0.19%	0.38%	0.19%
PFE	D	0.41%	0.09%	0.09%
PG	A	0.8%	0.24%	0.24%
PPG	F	0.34%	0.6%	0.34%
PYPL	B	0.72%	0.12%	0.12%
QCOM	F	0.85%	0.23%	0.23%
RTX	C	0.28%	0.5%	0.28%
SCHW	B	0.79%	0.15%	0.15%
SPG	B	0.44%	0.19%	0.19%
SPGI	C	0.21%	1.07%	0.21%
SQ	B	0.6%	0.42%	0.42%
TJX	A	0.72%	0.22%	0.22%
TMUS	B	0.28%	0.39%	0.28%
TSLA	B	1.27%	1.85%	1.27%
TT	A	0.68%	0.76%	0.68%
TWLO	A	0.09%	0.0%	0.0%
UBER	D	0.24%	0.42%	0.24%
UNH	C	0.57%	0.18%	0.18%
V	A	0.65%	0.06%	0.06%
VEEV	C	0.04%	0.32%	0.04%
WFC	A	0.28%	0.03%	0.03%
WMT	A	0.82%	0.24%	0.24%
XOM	B	1.56%	0.65%	0.65%
ZM	B	0.53%	0.18%	0.18%

FBUF Overweight 66 Positions Relative to LCTU

Symbol	Grade	Weight
BAC	A	1.18%
PM	B	0.94%
UNP	C	0.75%
T	A	0.71%
LMT	D	0.71%
PGR	A	0.67%
CTAS	B	0.65%
KLAC	D	0.61%
NOC	D	0.6%
BDX	F	0.58%
SEIC	B	0.54%
DBX	B	0.52%
ZBRA	B	0.52%
DVN	F	0.52%
TXT	D	0.5%
CSX	B	0.49%
EOG	A	0.48%
CMG	B	0.47%
IGT	F	0.46%
CME	A	0.44%
MSI	B	0.43%
EXEL	B	0.43%
WM	A	0.41%
TMO	F	0.38%
ALLE	D	0.38%
NUE	C	0.36%
ANF	C	0.35%
TDC	D	0.35%
ALRM	C	0.34%
INCY	C	0.34%
F	C	0.33%
LDOS	C	0.31%
SKYW	B	0.31%
CAH	B	0.31%
MEDP	D	0.28%
TROW	B	0.28%
TRV	B	0.26%
SYK	C	0.24%
RSG	A	0.23%
LHX	C	0.21%
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%
KR	B	0.12%
BK	A	0.12%
NSC	B	0.11%
UNM	A	0.1%
AME	A	0.09%
LYFT	C	0.08%
PLTK	B	0.07%
CRUS	D	0.07%
QRVO	F	0.06%
NBIX	C	0.06%
ANET	C	0.06%
TNL	A	0.04%
UTHR	C	0.04%
TOL	B	0.02%
PEGA	A	0.02%

FBUF Underweight 200 Positions Relative to LCTU

Symbol	Grade	Weight
GS	A	-1.24%
SRE	A	-1.08%
KO	D	-1.0%
ACN	C	-0.98%
CMI	A	-0.84%
COP	C	-0.73%
ADSK	A	-0.73%
KEY	B	-0.72%
ETN	A	-0.7%
BKNG	A	-0.69%
COF	B	-0.68%
PEG	A	-0.67%
KKR	A	-0.59%
ADI	D	-0.56%
YUM	B	-0.56%
J	F	-0.54%
BKR	B	-0.54%
AMD	F	-0.5%
CHD	B	-0.48%
XYL	D	-0.44%
PLD	D	-0.43%
HUBB	B	-0.41%
MTB	A	-0.41%
NDAQ	A	-0.4%
ACGL	D	-0.39%
PANW	C	-0.39%
VZ	C	-0.39%
TXN	C	-0.39%
HOLX	D	-0.36%
MKC	D	-0.36%
WY	D	-0.34%
MDLZ	F	-0.34%
MPC	D	-0.34%
ES	D	-0.33%
ILMN	D	-0.33%
TGT	F	-0.32%
EBAY	D	-0.32%
EXPD	D	-0.29%
KMI	A	-0.29%
O	D	-0.28%
SBUX	A	-0.28%
IBM	C	-0.28%
ELV	F	-0.27%
RJF	A	-0.27%
BBY	D	-0.26%
ALL	A	-0.25%
JBHT	C	-0.25%
MDT	D	-0.25%
MCD	D	-0.25%
VLTO	D	-0.23%
RGA	A	-0.23%
GEV	B	-0.23%
WSM	B	-0.23%
CNC	D	-0.23%
IR	B	-0.22%
ISRG	A	-0.22%
ETSY	D	-0.22%
NKE	D	-0.22%
VOYA	B	-0.21%
IPG	D	-0.21%
INTC	D	-0.2%
WHR	B	-0.2%
A	D	-0.2%
PLTR	B	-0.19%
FNB	A	-0.19%
OKE	A	-0.18%
OKTA	C	-0.18%
DECK	A	-0.18%
TRGP	B	-0.17%
NU	C	-0.17%
CHRW	C	-0.16%
KDP	D	-0.16%
BSX	B	-0.16%
WDAY	B	-0.16%
ESI	A	-0.15%
APD	A	-0.15%
AFL	B	-0.15%
OLED	D	-0.15%
CEG	D	-0.14%
HUM	C	-0.13%
VRTX	F	-0.13%
BXP	D	-0.13%
SPOT	B	-0.13%
SYY	B	-0.13%
FRT	B	-0.13%
FMC	D	-0.13%
EXPE	B	-0.13%
CRWD	B	-0.13%
AAL	B	-0.12%
GLOB	B	-0.12%
KRC	C	-0.12%
REG	B	-0.12%
TTWO	A	-0.12%
DVA	B	-0.12%
CFG	B	-0.12%
HUBS	A	-0.11%
ZS	C	-0.11%
CTSH	B	-0.11%
VTR	C	-0.11%
LVS	C	-0.11%
CCK	C	-0.1%
AR	B	-0.1%
HXL	D	-0.1%
PSN	D	-0.1%
ACM	A	-0.1%
AXS	A	-0.1%
PWR	A	-0.09%
XRAY	F	-0.09%
TEAM	A	-0.09%
CDNS	B	-0.09%
MRVL	B	-0.08%
PRU	A	-0.08%
VRSK	A	-0.08%
RGLD	C	-0.08%
EL	F	-0.08%
HPQ	B	-0.08%
GM	B	-0.08%
RL	B	-0.08%
FCX	D	-0.07%
SHW	A	-0.07%
HPE	B	-0.07%
MAN	D	-0.06%
EW	C	-0.06%
MTZ	B	-0.06%
VLO	C	-0.06%
ABNB	C	-0.06%
FTI	A	-0.06%
OMC	C	-0.06%
ALNY	D	-0.06%
REXR	F	-0.06%
WELL	A	-0.06%
AVY	D	-0.05%
PFG	D	-0.05%
RIVN	F	-0.05%
WST	C	-0.05%
DELL	C	-0.05%
RVTY	F	-0.05%
UAL	A	-0.05%
KEX	C	-0.04%
STLD	B	-0.04%
GWRE	A	-0.04%
S	B	-0.04%
COIN	C	-0.04%
CZR	F	-0.04%
AFG	A	-0.04%
BG	F	-0.04%
RCL	A	-0.04%
HAS	D	-0.04%
FSLR	F	-0.03%
GXO	B	-0.03%
WAT	B	-0.03%
DOC	D	-0.03%
VRT	B	-0.03%
RMD	C	-0.03%
DXCM	D	-0.03%
HOOD	B	-0.03%
CTLT	B	-0.03%
CPNG	D	-0.03%
HON	B	-0.03%
KIM	A	-0.03%
HLT	A	-0.02%
MRNA	F	-0.02%
BAH	F	-0.02%
LOPE	B	-0.02%
SMCI	F	-0.02%
MSTR	C	-0.02%
ARE	D	-0.02%
DJT	C	-0.02%
AJG	B	-0.02%
VNO	B	-0.02%
WDC	D	-0.02%
MTD	D	-0.02%
DOX	D	-0.01%
CLH	B	-0.01%
ENPH	F	-0.01%
WH	B	-0.01%
MOH	F	-0.01%
EWBC	A	-0.01%
BWA	D	-0.01%
NOV	C	-0.01%
LCID	F	-0.01%
HST	C	-0.01%
ITT	A	-0.01%
GFS	C	-0.01%
SAIC	F	-0.01%
SPR	D	-0.01%
AGNC	D	-0.0%
INGR	B	-0.0%
AM	A	-0.0%
DXC	B	-0.0%
PII	D	-0.0%
TTEK	F	-0.0%
FYBR	D	-0.0%
PARA	C	-0.0%
FBIN	D	-0.0%
IEX	B	-0.0%
YETI	C	-0.0%
PNFP	B	-0.0%
SNOW	C	-0.0%
MKTX	D	-0.0%