FDMO vs. NACP ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to Impact Shares NAACP Minority Empowerment ETF (NACP)

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* 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	FDMO	NACP
30 Days	6.00%	2.08%
60 Days	8.27%	4.48%
90 Days	10.44%	6.57%
12 Months	42.98%	32.92%

40 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in NACP	Overlap
AAPL	C	6.8%	5.03%	5.03%
ABBV	D	1.08%	1.22%	1.08%
AEP	D	0.28%	0.19%	0.19%
AMZN	C	3.76%	4.47%	3.76%
AXP	A	0.9%	0.56%	0.56%
BAC	A	1.21%	0.99%	0.99%
BK	A	0.7%	0.17%	0.17%
BSX	B	0.95%	0.41%	0.41%
CVX	A	0.67%	1.04%	0.67%
DHR	F	0.92%	0.64%	0.64%
DUK	C	0.35%	0.32%	0.32%
EBAY	D	0.42%	0.11%	0.11%
ECL	D	0.23%	0.21%	0.21%
GE	D	0.74%	0.69%	0.69%
GM	B	0.5%	0.18%	0.18%
GOOGL	C	3.54%	2.41%	2.41%
HWM	A	0.52%	0.14%	0.14%
IFF	D	0.15%	0.09%	0.09%
JPM	A	1.88%	2.39%	1.88%
KMI	A	0.28%	0.15%	0.15%
KO	D	0.61%	0.99%	0.61%
META	D	2.39%	3.63%	2.39%
MSFT	F	6.21%	4.63%	4.63%
NEE	D	0.47%	0.66%	0.47%
NEM	D	0.2%	0.22%	0.2%
NRG	B	0.24%	0.07%	0.07%
NVDA	C	6.97%	4.9%	4.9%
OKE	A	0.3%	0.18%	0.18%
PEG	A	0.28%	0.14%	0.14%
RCL	A	0.48%	0.12%	0.12%
SYF	B	0.72%	0.08%	0.08%
T	A	0.52%	0.45%	0.45%
TSLA	B	2.03%	2.22%	2.03%
TT	A	0.59%	0.29%	0.29%
UBER	D	0.67%	2.29%	0.67%
URI	B	0.5%	0.18%	0.18%
VST	B	0.31%	0.11%	0.11%
WMB	A	0.3%	0.19%	0.19%
WMT	A	0.86%	0.73%	0.73%
XOM	B	1.12%	2.0%	1.12%

FDMO Overweight 82 Positions Relative to NACP

Symbol	Grade	Weight
BRK.A	B	2.14%
AVGO	D	2.03%
LLY	F	1.68%
PLTR	B	1.3%
APP	B	1.27%
COIN	C	1.09%
HD	A	1.08%
ISRG	A	1.06%
GS	A	0.99%
PG	A	0.92%
COST	B	0.92%
MSI	B	0.88%
NFLX	A	0.88%
NTRA	B	0.87%
PGR	A	0.87%
FICO	B	0.86%
HOOD	B	0.83%
ANET	C	0.82%
KKR	A	0.8%
HCA	F	0.78%
QTWO	A	0.78%
GDDY	A	0.78%
CVLT	B	0.74%
GKOS	B	0.74%
CAT	B	0.73%
RVMD	C	0.73%
THC	D	0.72%
RNA	D	0.7%
EVR	B	0.67%
HIG	B	0.67%
RTX	C	0.66%
BKNG	A	0.66%
FIS	C	0.65%
TJX	A	0.61%
JXN	C	0.59%
MPWR	F	0.56%
PM	B	0.55%
CTAS	B	0.54%
CARR	D	0.51%
VRT	B	0.51%
LIN	D	0.51%
TDG	D	0.5%
FIX	A	0.47%
EME	C	0.47%
TMUS	B	0.45%
MLI	C	0.44%
ZETA	D	0.43%
DY	D	0.42%
TRU	D	0.4%
SN	D	0.39%
LDOS	C	0.38%
CVNA	B	0.38%
MO	A	0.37%
CL	D	0.33%
TTD	B	0.32%
LUMN	C	0.32%
SHW	A	0.29%
CEG	D	0.29%
KMB	D	0.28%
WELL	A	0.28%
TRGP	B	0.27%
SPG	B	0.25%
FRPT	B	0.24%
TPL	A	0.24%
PSA	D	0.24%
DLR	B	0.24%
SFM	A	0.24%
CBRE	B	0.21%
DTM	B	0.2%
EXR	D	0.2%
IRM	D	0.19%
EQR	B	0.19%
FTI	A	0.19%
ESS	B	0.18%
SW	A	0.17%
JLL	D	0.16%
CRS	A	0.16%
PKG	A	0.16%
SLG	B	0.15%
VNO	B	0.15%
LPX	B	0.15%
ATI	D	0.14%

FDMO Underweight 157 Positions Relative to NACP

Symbol	Grade	Weight
ACN	C	-3.58%
QCOM	F	-3.18%
IBM	C	-3.08%
VZ	C	-2.26%
GOOG	C	-2.16%
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%
MRK	F	-1.03%
PEP	F	-0.92%
TMO	F	-0.83%
ABT	B	-0.69%
HPQ	B	-0.62%
PFE	D	-0.62%
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%
ETN	A	-0.44%
MDT	D	-0.42%
PLD	D	-0.42%
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%
EQIX	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%
EMR	A	-0.22%
NSC	B	-0.2%
MAR	B	-0.19%
SRE	A	-0.18%
TRV	B	-0.18%
CCI	D	-0.18%
D	C	-0.18%
MET	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%
HES	B	-0.15%
EXC	C	-0.15%
CMI	A	-0.15%
EW	C	-0.15%
F	C	-0.15%
DD	D	-0.14%
A	D	-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%
AVB	B	-0.11%
ROK	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%
DAL	C	-0.09%
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%
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%