FDCF vs. FDND ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to FT Vest Dow Jones Internet & Target Income ETF (FDND)

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

$36.95

Average Daily Volume

4,561

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDND

FT Vest Dow Jones Internet & Target Income ETF

FDND Description

FDND aims to provide income at an annual rate of 8%, before fees and expenses, over the annual dividend yield of the Nasdaq-100 Index. The income stems from dividends from individual equity positions and premiums from selling naked call options. However, there is no guarantee the fund will deliver the target income. The portfolio manager actively selects 40 of the largest and most liquid US internet companies, which includes firms in the internet commerce and internet services sub-industries. Each week, FDND attempts to bridge the difference between the dividend income of its equity portfolio and its target distribution by selling at-the-money, naked call options on the Nasdaq-100 Index or related ETFs. The income from dividends and option premiums are expected to be distributed monthly. Investors should note that naked call writing, or selling call options without owning the underlying asset, is a high-risk options strategy.

Grade (RS Rating)

Last Trade

$19.68

Average Daily Volume

851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	FDND
30 Days	6.95%	3.25%
60 Days	12.93%	7.90%
90 Days	0.11%	0.11%
12 Months	48.98%

4 Overlapping Holdings

Symbol	Grade	Weight in FDCF	Weight in FDND	Overlap
AMZN	C	5.24%	9.03%	5.24%
ANET	B	5.82%	4.92%	4.92%
GOOGL	C	5.59%	4.64%	4.64%
META	A	6.53%	9.79%	6.53%

FDCF Overweight 6 Positions Relative to FDND

Symbol	Grade	Weight
NVDA	C	6.08%
AMT	C	6.01%
SE	A	4.89%
TMUS	A	4.13%
TSM	C	3.94%
LBRDA	C	3.26%

FDCF Underweight 6 Positions Relative to FDND

Symbol	Grade	Weight
NFLX	C	-6.68%
CRM	C	-5.12%
CSCO	A	-4.83%
PYPL	B	-4.75%
BKNG	C	-4.47%
GOOG	C	-3.9%