FCLD vs. IVES ETF Comparison

Comparison of Fidelity Cloud Computing ETF (FCLD) to Wedbush ETFMG Global Cloud Technology ETF (IVES)

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$29.36

Average Daily Volume

13,562

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$49.21

Average Daily Volume

1,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCLD	IVES
30 Days	14.22%	7.17%
60 Days	19.43%	5.41%
90 Days	21.40%	7.27%
12 Months	39.76%	43.26%

13 Overlapping Holdings

Symbol	Grade	Weight in FCLD	Weight in IVES	Overlap
CFLT	B	1.64%	2.89%	1.64%
DDOG	A	2.54%	2.16%	2.16%
DOCN	C	0.88%	1.92%	0.88%
GTLB	B	1.34%	2.56%	1.34%
HPE	B	2.37%	2.26%	2.26%
MDB	B	1.93%	2.36%	1.93%
MSFT	D	3.85%	2.18%	2.18%
NTAP	C	1.99%	2.1%	1.99%
ORCL	A	4.92%	2.38%	2.38%
SMCI	F	0.91%	1.13%	0.91%
SNOW	B	2.63%	2.35%	2.35%
TEAM	A	3.1%	3.08%	3.08%
WDC	D	1.84%	2.07%	1.84%

FCLD Overweight 35 Positions Relative to IVES

Symbol	Grade	Weight
CRM	B	5.14%
MSTR	B	4.92%
NOW	A	4.68%
INTU	B	4.27%
EQIX	A	3.15%
DLR	B	2.92%
HUBS	A	2.76%
WDAY	B	2.75%
TWLO	A	2.4%
ZM	C	2.21%
DAY	B	1.96%
NTNX	B	1.91%
FFIV	B	1.88%
STX	C	1.77%
XRX	F	1.75%
PSTG	D	1.74%
DT	D	1.67%
ESTC	C	1.52%
CVLT	B	1.49%
DBX	B	1.42%
PEGA	B	1.26%
PATH	C	1.24%
BOX	B	1.2%
FIVN	C	1.19%
RNG	C	1.18%
VERX	A	1.14%
AI	B	1.1%
TDC	D	1.0%
FROG	C	0.99%
PD	C	0.88%
VRNT	C	0.77%
FSLY	D	0.75%
INFA	D	0.7%
VNET	B	0.65%
SWI	C	0.64%

FCLD Underweight 23 Positions Relative to IVES

Symbol	Grade	Weight
MRVL	B	-2.71%
NVDA	B	-2.55%
APPN	B	-2.53%
VRT	B	-2.52%
DELL	B	-2.43%
AMZN	C	-2.4%
CDNS	B	-2.38%
SNPS	B	-2.38%
GOOGL	C	-2.33%
INTC	C	-2.29%
CIEN	C	-2.28%
HPQ	B	-2.21%
MU	D	-2.18%
HCP	B	-2.15%
AVGO	D	-2.14%
ANET	C	-2.14%
JNPR	D	-2.13%
AAPL	C	-2.12%
QCOM	F	-2.08%
IBM	C	-2.0%
AMD	F	-1.8%
BABA	D	-1.7%
MPWR	F	-1.48%