FDFF vs. DWLD ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Davis Select Worldwide ETF (DWLD)

FDFF

Fidelity Disruptive Finance ETF

FDFF Description

The fund normally invests at least 80% of assets in securities of disruptive finance 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

$34.00

Average Daily Volume

1,441

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWLD

Davis Select Worldwide ETF

DWLD Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest the fund's portfolio principally in common stocks issued by both United States and foreign companies, including countries with developed or emerging markets. It will invest significantly in issuers (i) organized or located outside of the U.S.; (ii) whose primary trading market is located outside the U.S.; or (iii) doing a substantial amount of business outside the U.S., which the adviser considers to be a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S.

Grade (RS Rating)

Last Trade

$38.02

Average Daily Volume

8,493

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	DWLD
30 Days	3.01%	-2.72%
60 Days	3.69%	9.17%
90 Days	11.75%	17.93%
12 Months	39.67%	39.01%

1 Overlapping Holdings

	Symbol	Grade	Weight in FDFF	Weight in DWLD	Overlap
	COF	A	4.86%	4.81%	4.81%

FDFF Overweight 31 Positions Relative to DWLD

Symbol	Grade	Weight
APO	B	5.37%
V	A	5.35%
MA	B	5.3%
FLYW	C	3.85%
EFX	D	3.62%
ICE	C	3.27%
MSTR	B	3.07%
TOST	A	2.24%
OWL	B	2.22%
SQ	B	1.93%
FI	A	1.84%
DLO	D	1.84%
CBOE	B	1.65%
COIN	C	1.61%
TW	B	1.57%
NRDS	B	1.52%
ARES	B	1.43%
MKTX	B	1.36%
NU	C	1.19%
VRSK	B	1.13%
CASH	A	1.08%
MSCI	C	1.05%
PFSI	D	1.01%
AMH	F	0.94%
VIRT	A	0.93%
MELI	A	0.92%
ALLY	F	0.9%
FOUR	B	0.87%
UWMC	F	0.72%
BILL	A	0.72%
RPAY	D	0.72%

FDFF Underweight 24 Positions Relative to DWLD

Symbol	Grade	Weight
META	B	-6.5%
MGM	D	-4.93%
TCOM	A	-4.41%
BRK.A	D	-3.85%
BEKE	A	-3.18%
SOLV	B	-2.93%
AMZN	A	-2.88%
VTRS	B	-2.49%
GOOG	A	-2.42%
HUM	F	-2.34%
MKL	D	-1.75%
CI	D	-1.61%
AMAT	F	-1.43%
SE	B	-1.34%
WFC	B	-1.26%
CVS	F	-0.98%
CPNG	B	-0.9%
TSN	D	-0.89%
AGCO	C	-0.88%
DGX	B	-0.77%
IAC	F	-0.69%
YOU	A	-0.49%
DAR	B	-0.42%
NOAH	B	-0.35%