FDCF vs. FDEM ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to Fidelity Targeted Emerging Markets Factor ETF (FDEM)

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

$38.56

Average Daily Volume

6,453

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDEM

Fidelity Targeted Emerging Markets Factor ETF

FDEM Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index℠. The fund invests at least 80% of its assets in securities included in the index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader developed international equity market, and lower correlation to the U.S. equity market.

Grade (RS Rating)

Last Trade

$25.68

Average Daily Volume

31,311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	FDEM
30 Days	3.02%	-2.61%
60 Days	7.38%	-1.98%
90 Days	9.05%	-1.62%
12 Months	41.68%	16.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in FDCF	Weight in FDEM	Overlap
	BABA	D	1.41%	1.37%	1.37%
	PDD	F	2.9%	0.85%	0.85%

FDCF Overweight 33 Positions Relative to FDEM

Symbol	Grade	Weight
NVDA	C	5.66%
AMZN	C	5.62%
GOOGL	C	5.47%
SE	B	4.91%
ANET	C	4.87%
AMT	D	4.68%
TMUS	B	4.48%
TSM	B	4.34%
LBRDA	C	4.1%
META	D	3.08%
SNAP	C	3.02%
TWLO	A	2.78%
PINS	D	2.53%
UBER	D	2.47%
AAPL	C	2.43%
CDNS	B	2.28%
CMCSA	B	2.2%
NFLX	A	2.08%
IOT	A	1.88%
SPOT	B	1.51%
ZM	B	1.39%
MSFT	F	1.37%
NOW	A	1.35%
PI	D	1.3%
DOCU	A	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 11 Positions Relative to FDEM

Symbol	Grade	Weight
BIDU	F	-0.64%
CHT	D	-0.57%
ATHM	D	-0.5%
BCH	F	-0.38%
TCOM	B	-0.32%
VALE	F	-0.28%
YUMC	C	-0.18%
WIT	A	-0.17%
VIPS	F	-0.1%
MNSO	F	-0.09%
LPL	F	-0.03%