FDCF vs. NACP ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to Impact Shares NAACP Minority Empowerment ETF (NACP)
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 *

35

* may have additional holdings in another (foreign) market
NACP

Impact Shares NAACP Minority Empowerment ETF

NACP Description The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar Minority Empowerment Index (the underlying index). The fund will, under normal circumstances, invest at least 80% of its total assets, plus borrowings for investment purposes (the "80% basket") in component securities of the underlying index ("Component Securities"). The underlying index is designed to measure the performance of large and mid- capitalization companies that are "empowering to minorities," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.72

Average Daily Volume

3,518

Number of Holdings *

197

* may have additional holdings in another (foreign) market
Performance
Period FDCF NACP
30 Days 3.02% 2.08%
60 Days 7.38% 4.48%
90 Days 9.05% 6.57%
12 Months 41.68% 32.92%
7 Overlapping Holdings
Symbol Grade Weight in FDCF Weight in NACP Overlap
AAPL C 2.43% 5.03% 2.43%
AMZN C 5.62% 4.47% 4.47%
GOOGL C 5.47% 2.41% 2.41%
META D 3.08% 3.63% 3.08%
MSFT F 1.37% 4.63% 1.37%
NVDA C 5.66% 4.9% 4.9%
UBER D 2.47% 2.29% 2.29%
FDCF Overweight 28 Positions Relative to NACP
Symbol Grade Weight
SE B 4.91%
ANET C 4.87%
AMT D 4.68%
TMUS B 4.48%
TSM B 4.34%
LBRDA C 4.1%
SNAP C 3.02%
PDD F 2.9%
TWLO A 2.78%
PINS D 2.53%
CDNS B 2.28%
CMCSA B 2.2%
NFLX A 2.08%
IOT A 1.88%
SPOT B 1.51%
BABA D 1.41%
ZM B 1.39%
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 190 Positions Relative to NACP
Symbol Grade Weight
ACN C -3.58%
QCOM F -3.18%
IBM C -3.08%
JPM A -2.39%
VZ C -2.26%
TSLA B -2.22%
GOOG C -2.16%
XOM B -2.0%
UNH C -1.95%
PANW C -1.81%
MU D -1.75%
V A -1.53%
INTC D -1.52%
JNJ D -1.44%
MA C -1.4%
ABBV D -1.22%
CVX A -1.04%
MRK F -1.03%
KO D -0.99%
BAC A -0.99%
PEP F -0.92%
TMO F -0.83%
WMT A -0.73%
ABT B -0.69%
GE D -0.69%
NEE D -0.66%
DHR F -0.64%
HPQ B -0.62%
PFE D -0.62%
AXP A -0.56%
UNP C -0.56%
SPGI C -0.55%
DELL C -0.54%
LOW D -0.51%
COP C -0.49%
ELV F -0.47%
MS A -0.47%
HON B -0.46%
C A -0.45%
EA A -0.45%
T A -0.45%
ETN A -0.44%
MDT D -0.42%
PLD D -0.42%
BSX B -0.41%
ADP B -0.4%
BA F -0.38%
MELI D -0.38%
CI F -0.37%
DE A -0.36%
MDLZ F -0.36%
NKE D -0.36%
BMY B -0.35%
UPS C -0.35%
GILD C -0.35%
SO D -0.35%
SCHW B -0.33%
DUK C -0.32%
EQIX A -0.29%
TT A -0.29%
NOC D -0.29%
PNC B -0.27%
CVS D -0.27%
PYPL B -0.27%
ITW B -0.27%
MMM D -0.26%
MCO B -0.26%
FDX B -0.25%
FCX D -0.25%
AON A -0.24%
CSX B -0.24%
MPC D -0.23%
BDX F -0.23%
PSX C -0.22%
TFC A -0.22%
NEM D -0.22%
EMR A -0.22%
ECL D -0.21%
NSC B -0.2%
WMB A -0.19%
AEP D -0.19%
MAR B -0.19%
OKE A -0.18%
SRE A -0.18%
TRV B -0.18%
CCI D -0.18%
D C -0.18%
GM B -0.18%
URI B -0.18%
MET A -0.17%
BK A -0.17%
VLO C -0.17%
JCI C -0.17%
HLT A -0.17%
LNG B -0.16%
IPG D -0.16%
LHX C -0.16%
KMI A -0.15%
HES B -0.15%
EXC C -0.15%
CMI A -0.15%
EW C -0.15%
F C -0.15%
DD D -0.14%
PEG A -0.14%
A D -0.14%
HWM A -0.14%
OTIS C -0.13%
KR B -0.13%
AME A -0.13%
VRSK A -0.13%
VMC B -0.12%
IR B -0.12%
MLM B -0.12%
XEL A -0.12%
ED D -0.12%
KHC F -0.12%
RCL A -0.12%
AVB B -0.11%
ROK B -0.11%
EBAY D -0.11%
VST B -0.11%
EIX B -0.11%
ADM D -0.11%
RMD C -0.11%
XYL D -0.11%
HSY F -0.1%
DVN F -0.1%
WEC A -0.1%
PPG F -0.1%
BIIB F -0.1%
PCG A -0.09%
TROW B -0.09%
IFF D -0.09%
DAL C -0.09%
SYF B -0.08%
APTV D -0.08%
SBAC D -0.08%
PPL B -0.08%
FE C -0.08%
ETR B -0.08%
NDAQ A -0.08%
DTE C -0.08%
ES D -0.08%
NRG B -0.07%
LII A -0.07%
EXPD D -0.07%
CMS C -0.07%
TSN B -0.07%
CLX B -0.07%
BAH F -0.07%
BAX D -0.07%
LH C -0.07%
K A -0.07%
ILMN D -0.07%
HBAN A -0.07%
RF A -0.07%
SWK D -0.06%
LUV C -0.06%
DOC D -0.06%
DGX A -0.06%
HUBB B -0.06%
TXT D -0.06%
SJM D -0.05%
AMH D -0.05%
NI A -0.05%
OC A -0.05%
ACM A -0.05%
NDSN B -0.05%
UAL A -0.05%
LNT A -0.05%
AES F -0.05%
JBHT C -0.05%
BG F -0.05%
CF B -0.05%
CPB D -0.04%
REG B -0.04%
LECO B -0.04%
TFX F -0.04%
ALB C -0.04%
EMN D -0.04%
USFD A -0.04%
WBA F -0.03%
BWA D -0.03%
SCCO F -0.03%
PFG D -0.03%
MOS F -0.03%
HRL D -0.03%
CNH C -0.03%
TAP C -0.03%
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