FDCF vs. PSCU ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to PowerShares S&P SmallCap Utilities Portfolio (PSCU)

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

PSCU

PowerShares S&P SmallCap Utilities Portfolio

PSCU Description

The PowerShares S&P SmallCap Utilities Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Utilities & Telecom Services Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US utilities and telecommunication services companies. These companies are principally engaged in providing either energy, water or natural gas utilities, as well as services designed to promote or enhance the transmission of voice, data and video over various communications media, including wireline, wireless (terrestrial-based), satellite and cable. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$65.11

Average Daily Volume

3,096

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	PSCU
30 Days	3.02%	9.24%
60 Days	7.38%	7.80%
90 Days	9.05%	10.81%
12 Months	41.68%	30.75%

2 Overlapping Holdings

	Symbol	Grade	Weight in FDCF	Weight in PSCU	Overlap
	GOGO	C	1.02%	0.56%	0.56%
	SATS	D	0.71%	3.48%	0.71%

FDCF Overweight 33 Positions Relative to PSCU

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%
PDD	F	2.9%
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%
BABA	D	1.41%
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%
NET	B	1.01%
BMBL	C	0.98%
ON	D	0.69%

FDCF Underweight 33 Positions Relative to PSCU

Symbol	Grade	Weight
LUMN	C	-10.06%
MGEE	C	-4.62%
MDU	D	-4.61%
MSGS	A	-4.45%
CNK	B	-4.16%
CCOI	B	-4.11%
OTTR	C	-4.07%
IAC	D	-4.06%
AWR	B	-3.87%
CARG	C	-3.76%
AVA	A	-3.7%
TDS	B	-3.7%
CWT	D	-3.64%
TGNA	B	-3.55%
CPK	A	-3.53%
ZD	C	-3.04%
YELP	C	-2.92%
CWEN	C	-2.78%
CABO	C	-2.22%
SJW	D	-1.99%
NWN	A	-1.96%
TRIP	F	-1.84%
MSEX	B	-1.43%
CARS	B	-1.38%
QNST	B	-1.38%
UTL	B	-1.15%
CWEN	C	-1.09%
TTGT	C	-0.93%
SSTK	F	-0.88%
SCHL	D	-0.76%
SHEN	F	-0.73%
THRY	F	-0.56%
CNSL	C	-0.43%