FDCF vs. ARKF ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to ARK Fintech Innovation ETF (ARKF)

FDCF

Fidelity Disruptive Communications ETF

FDCF Description

The fund normally invests at least 80% of assets in securities of disruptive communications companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.44

Average Daily Volume

6,444

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARKF

ARK Fintech Innovation ETF

ARKF Description

ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works, which ARK believes includes but is not limited to the following business platforms: Transaction Innovations; Blockchain Technology; Risk Transformation; Frictionless Funding Platforms; Customer Facing Platforms; New Intermediaries;

Grade (RS Rating)

Last Trade

$38.35

Average Daily Volume

407,606

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	ARKF
30 Days	1.96%	21.48%
60 Days	8.19%	29.87%
90 Days	8.71%	33.16%
12 Months	41.24%	72.13%

6 Overlapping Holdings

Symbol	Grade	Weight in FDCF	Weight in ARKF	Overlap
AMZN	C	5.62%	0.43%	0.43%
META	D	3.08%	2.52%	2.52%
NVDA	B	5.66%	1.32%	1.32%
PINS	F	2.53%	2.3%	2.3%
SE	A	4.91%	1.79%	1.79%
SPOT	B	1.51%	1.67%	1.51%

FDCF Overweight 29 Positions Relative to ARKF

Symbol	Grade	Weight
GOOGL	C	5.47%
ANET	C	4.87%
AMT	C	4.68%
TMUS	B	4.48%
TSM	B	4.34%
LBRDA	C	4.1%
SNAP	D	3.02%
PDD	F	2.9%
TWLO	A	2.78%
UBER	F	2.47%
AAPL	C	2.43%
CDNS	B	2.28%
CMCSA	B	2.2%
NFLX	A	2.08%
IOT	A	1.88%
BABA	D	1.41%
ZM	C	1.39%
MSFT	D	1.37%
NOW	A	1.35%
PI	D	1.3%
DOCU	B	1.11%
DY	D	1.09%
NXPI	D	1.09%
SNPS	B	1.04%
GOGO	C	1.02%
NET	B	1.01%
BMBL	C	0.98%
SATS	D	0.71%
ON	D	0.69%

FDCF Underweight 22 Positions Relative to ARKF

Symbol	Grade	Weight
SHOP	B	-11.07%
COIN	C	-10.71%
SQ	A	-6.13%
TOST	B	-5.09%
SOFI	B	-4.78%
HOOD	B	-4.64%
DKNG	B	-4.25%
PLTR	B	-3.34%
RBLX	C	-3.28%
ROKU	D	-3.27%
MELI	C	-3.18%
PATH	C	-2.25%
NU	C	-1.79%
GLBE	B	-1.78%
RDDT	A	-1.57%
INTU	B	-1.5%
PYPL	B	-1.48%
BILL	A	-1.48%
CRWD	B	-1.31%
Z	A	-1.03%
ICE	C	-0.96%
IBTA	C	-0.56%