FDCF vs. JPEF ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to JPMorgan Equity Focus ETF (JPEF)

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

$37.16

Average Daily Volume

4,194

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$65.04

Average Daily Volume

72,799

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	JPEF
30 Days	13.19%	5.41%
60 Days	12.40%	6.92%
90 Days	2.28%	2.34%
12 Months	49.47%	36.68%

3 Overlapping Holdings

Symbol	Grade	Weight in FDCF	Weight in JPEF	Overlap
AMZN	C	5.24%	5.27%	5.24%
META	B	6.53%	4.33%	4.33%
NVDA	B	6.08%	5.94%	5.94%

FDCF Overweight 7 Positions Relative to JPEF

Symbol	Grade	Weight
AMT	D	6.01%
ANET	A	5.82%
GOOGL	C	5.59%
SE	B	4.89%
TMUS	A	4.13%
TSM	B	3.94%
LBRDA	B	3.26%

FDCF Underweight 7 Positions Relative to JPEF

Symbol	Grade	Weight
MSFT	D	-7.03%
BRK.A	C	-3.2%
AAPL	D	-3.07%
KMI	A	-2.95%
L	D	-2.93%
EOG	B	-2.9%
COF	A	-2.74%