FDFF vs. TMAT ETF Comparison

Comparison of Fidelity Disruptive Finance ETF (FDFF) to Main Thematic Innovation ETF (TMAT)

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

$38.02

Average Daily Volume

2,324

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TMAT

Main Thematic Innovation ETF

TMAT Description

The investment seeks to outperform the MSCI ACWI Index® in rising markets while limiting losses during periods of decline. The adviser seeks to achieve its objective through dynamic thematic rotation. The Adviser focuses its research primarily on identifying emerging, disruptive, and innovative themes that have a large market demand or addressable market. The Adviser rotates among themes with large addressable markets which may range from nascent technologies to those on the cusp of widespread adoption and buys securities of ETFs investing in those themes.

Grade (RS Rating)

Last Trade

$21.09

Average Daily Volume

16,266

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	FDFF	TMAT
30 Days	7.85%	12.06%
60 Days	13.79%	19.16%
90 Days	18.77%	22.36%
12 Months	43.70%	44.57%

5 Overlapping Holdings

Symbol	Grade	Weight in FDFF	Weight in TMAT	Overlap
COIN	B	2.0%	1.26%	1.26%
DLO	C	2.0%	0.73%	0.73%
FLYW	B	4.39%	0.66%	0.66%
FOUR	A	0.89%	0.8%	0.8%
ICE	D	2.9%	0.55%	0.55%

FDFF Overweight 28 Positions Relative to TMAT

Symbol	Grade	Weight
BLK	B	5.78%
APO	B	5.71%
V	A	5.36%
MA	B	5.06%
COF	B	5.03%
MSTR	B	3.84%
EFX	F	3.33%
TOST	A	2.83%
SQ	A	2.07%
OWL	A	2.06%
FI	A	1.83%
TW	A	1.48%
CBOE	C	1.47%
NRDS	D	1.38%
ARES	A	1.34%
MKTX	D	1.16%
CASH	B	1.15%
VRSK	A	1.1%
NU	C	1.09%
MSCI	C	1.06%
BILL	A	1.03%
VIRT	A	0.99%
PFSI	D	0.96%
AMH	C	0.9%
ALLY	C	0.85%
MELI	C	0.81%
RPAY	D	0.68%
UWMC	D	0.59%

FDFF Underweight 108 Positions Relative to TMAT

Symbol	Grade	Weight
NVDA	A	-4.51%
APP	B	-4.15%
TSM	C	-3.23%
META	C	-2.9%
AFRM	A	-2.22%
RKLB	B	-1.82%
TXN	C	-1.76%
HOOD	B	-1.67%
ARM	F	-1.51%
MU	D	-1.5%
GLBE	B	-1.3%
AVGO	D	-1.29%
KTOS	C	-1.25%
ANSS	B	-1.2%
MKSI	C	-1.02%
KLAC	F	-0.97%
PAY	A	-0.88%
APLD	B	-0.85%
VRT	A	-0.85%
STM	F	-0.85%
WULF	C	-0.84%
IBKR	A	-0.81%
LYFT	C	-0.8%
NTNX	B	-0.79%
PAYC	B	-0.79%
GENI	B	-0.78%
LMND	A	-0.77%
HRI	C	-0.77%
BLND	A	-0.77%
CPAY	A	-0.75%
EME	A	-0.75%
FLNC	C	-0.74%
RDNT	B	-0.73%
PRCT	B	-0.73%
PCTY	B	-0.72%
AMSC	C	-0.71%
BILI	D	-0.7%
WK	C	-0.7%
CSL	C	-0.68%
HQY	A	-0.67%
APH	B	-0.66%
EA	A	-0.66%
TTWO	A	-0.64%
TDG	D	-0.64%
DKNG	B	-0.64%
DLR	A	-0.63%
CDNA	D	-0.63%
CFLT	B	-0.63%
ZD	B	-0.63%
CPRT	B	-0.63%
ACVA	A	-0.62%
QLYS	C	-0.6%
IREN	C	-0.6%
UNP	D	-0.59%
WT	A	-0.58%
SYK	A	-0.58%
IRDM	F	-0.58%
UTHR	C	-0.58%
LPRO	C	-0.57%
NIO	F	-0.57%
SWTX	C	-0.55%
BMI	B	-0.55%
EVTC	C	-0.55%
ACHR	B	-0.54%
GOOG	B	-0.54%
ON	F	-0.54%
ABNB	C	-0.54%
BAH	F	-0.54%
VTEX	F	-0.54%
IBTA	D	-0.53%
NTAP	C	-0.53%
LNW	F	-0.52%
DLB	B	-0.52%
WDC	F	-0.51%
EBR	F	-0.51%
ONTO	F	-0.5%
ASND	F	-0.5%
BE	A	-0.5%
ARE	F	-0.49%
FSLR	F	-0.49%
HIMS	C	-0.49%
PSTG	F	-0.48%
BRKR	F	-0.47%
AMAT	F	-0.47%
APPF	C	-0.47%
CLSK	C	-0.47%
CRSR	C	-0.47%
GERN	C	-0.47%
PLUG	F	-0.46%
KRYS	C	-0.45%
CRSP	D	-0.45%
PDD	F	-0.45%
FORM	F	-0.42%
SPT	C	-0.42%
MQ	F	-0.41%
LLY	F	-0.4%
HUYA	F	-0.4%
PUBM	C	-0.39%
LRCX	F	-0.38%
SRPT	F	-0.38%
RIVN	F	-0.35%
LAZR	F	-0.34%
PAGS	F	-0.33%
LCID	F	-0.33%
RCKT	F	-0.31%
ENPH	F	-0.29%
SMCI	F	-0.18%
JMIA	F	-0.17%