FDCF vs. PSET ETF Comparison

Comparison of Fidelity Disruptive Communications ETF (FDCF) to Principal Price Setters Index ETF (PSET)

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

PSET

Principal Price Setters Index ETF

PSET Description

The Principal Price Setters Index ETF seeks to provide investment results that closely correspond, before expenses, to the performance of the NASDAQ U.S. Price Setters Index. The ETF employs a passive investment approach designed to track the performance of the Index.

Grade (RS Rating)

Last Trade

$72.66

Average Daily Volume

1,337

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDCF	PSET
30 Days	3.02%	2.25%
60 Days	7.38%	3.21%
90 Days	9.05%	4.60%
12 Months	41.68%	26.15%

10 Overlapping Holdings

Symbol	Grade	Weight in FDCF	Weight in PSET	Overlap
AAPL	C	2.43%	5.28%	2.43%
AMZN	C	5.62%	2.42%	2.42%
ANET	C	4.87%	1.52%	1.52%
CDNS	B	2.28%	1.13%	1.13%
GOOGL	C	5.47%	0.5%	0.5%
META	D	3.08%	1.09%	1.09%
MSFT	F	1.37%	7.7%	1.37%
NFLX	A	2.08%	2.07%	2.07%
NVDA	C	5.66%	5.41%	5.41%
SNPS	B	1.04%	1.11%	1.04%

FDCF Overweight 25 Positions Relative to PSET

Symbol	Grade	Weight
SE	B	4.91%
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%
UBER	D	2.47%
CMCSA	B	2.2%
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%
GOGO	C	1.02%
NET	B	1.01%
BMBL	C	0.98%
SATS	D	0.71%
ON	D	0.69%

FDCF Underweight 63 Positions Relative to PSET

Symbol	Grade	Weight
AVGO	D	-2.87%
GOOG	C	-1.87%
CRM	B	-1.74%
FI	A	-1.59%
BSX	B	-1.51%
TT	A	-1.51%
PYPL	B	-1.47%
INTU	C	-1.46%
ETN	A	-1.44%
IBM	C	-1.43%
ACN	C	-1.38%
QCOM	F	-1.31%
TMO	F	-1.3%
SYK	C	-1.29%
HPE	B	-1.25%
CPAY	A	-1.23%
FFIV	B	-1.23%
GWW	B	-1.22%
AMAT	F	-1.21%
SNA	A	-1.19%
CMG	B	-1.19%
ORLY	B	-1.18%
IT	C	-1.16%
PHM	D	-1.15%
ECL	D	-1.15%
AMD	F	-1.15%
RSG	A	-1.14%
NTAP	C	-1.13%
DOV	A	-1.13%
BR	A	-1.12%
DHI	D	-1.11%
ZTS	D	-1.11%
ITW	B	-1.1%
AME	A	-1.09%
KMB	D	-1.08%
VMC	B	-1.07%
KLAC	D	-1.07%
CPRT	A	-1.06%
CBOE	B	-1.05%
ALLE	D	-1.04%
KEYS	A	-1.02%
CHD	B	-1.02%
ROK	B	-1.02%
MLM	B	-1.01%
FDS	B	-1.01%
JBL	B	-1.01%
SYY	B	-0.95%
NDSN	B	-0.94%
IEX	B	-0.93%
A	D	-0.91%
PPG	F	-0.9%
SLB	C	-0.9%
GPN	B	-0.9%
WST	C	-0.87%
MPWR	F	-0.84%
IQV	D	-0.83%
AOS	F	-0.8%
MCHP	D	-0.77%
EW	C	-0.75%
CDW	F	-0.74%
ULTA	F	-0.71%
APTV	D	-0.69%
BRK.A	B	-0.24%