FDRR vs. ALAI ETF Comparison

Comparison of Fidelity Dividend ETF for Rising Rates (FDRR) to Alger AI Enablers & Adopters ETF (ALAI)

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$51.24

Average Daily Volume

20,995

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

ALAI

Alger AI Enablers & Adopters ETF

ALAI Description

ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.

Grade (RS Rating)

Last Trade

$22.82

Average Daily Volume

4,432

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDRR	ALAI
30 Days	1.89%	4.04%
60 Days	3.87%	6.17%
90 Days	5.77%	3.40%
12 Months	27.37%

4 Overlapping Holdings

Symbol	Grade	Weight in FDRR	Weight in ALAI	Overlap
AAPL	C	7.33%	7.32%	7.32%
AVGO	C	2.7%	4.07%	2.7%
MSFT	C	7.11%	13.68%	7.11%
NVDA	D	7.38%	11.1%	7.38%

FDRR Overweight 97 Positions Relative to ALAI

Symbol	Grade	Weight
LLY	C	2.4%
UNH	C	1.88%
JPM	D	1.83%
V	C	1.5%
JNJ	C	1.5%
TXN	C	1.5%
ABBV	C	1.48%
IBM	B	1.44%
HD	B	1.32%
CSCO	C	1.3%
DELL	D	1.29%
MRK	D	1.21%
BAC	D	1.2%
PG	C	1.2%
HPQ	D	1.12%
PFE	C	1.08%
XOM	C	1.05%
GS	C	1.04%
GE	B	1.01%
WFC	D	1.01%
KO	C	0.98%
MCD	B	0.97%
TJX	B	0.95%
RTX	C	0.95%
LOW	B	0.93%
BX	B	0.93%
BMY	C	0.91%
MS	D	0.91%
CAT	B	0.88%
LMT	C	0.88%
PM	C	0.88%
PEP	C	0.86%
T	C	0.86%
PNC	B	0.86%
VZ	B	0.85%
C	C	0.83%
SBUX	C	0.8%
USB	B	0.79%
TFC	C	0.79%
CME	C	0.78%
GM	C	0.78%
BBY	C	0.77%
UNP	C	0.77%
HON	D	0.76%
CVS	D	0.7%
CMCSA	D	0.7%
DE	B	0.69%
MO	C	0.66%
CVX	D	0.65%
TKO	B	0.65%
MAR	C	0.64%
NKE	D	0.62%
FOXA	B	0.61%
UPS	D	0.61%
LIN	B	0.58%
EA	D	0.57%
F	F	0.57%
OMC	B	0.56%
PCAR	D	0.55%
NEE	C	0.55%
NYT	C	0.53%
NWSA	D	0.52%
IPG	C	0.46%
NXST	D	0.45%
PLD	C	0.41%
COP	D	0.4%
WMG	D	0.38%
TRGP	B	0.38%
SO	B	0.38%
DUK	C	0.36%
PARA	F	0.35%
PSA	B	0.34%
EOG	D	0.33%
SPG	B	0.32%
GEV	B	0.32%
AEP	C	0.31%
NEM	B	0.31%
D	C	0.29%
CCI	C	0.29%
VICI	C	0.27%
OHI	B	0.27%
EIX	C	0.26%
APD	B	0.26%
FCX	D	0.25%
EXC	C	0.25%
GLPI	C	0.23%
DVN	F	0.22%
WY	C	0.22%
WPC	C	0.21%
IFF	B	0.21%
IP	B	0.21%
DOW	D	0.19%
AMCR	B	0.18%
LYB	D	0.17%
CIVI	F	0.16%
WBA	F	0.16%
MOS	F	0.13%

FDRR Underweight 6 Positions Relative to ALAI

Symbol	Grade	Weight
AMZN	C	-10.18%
META	B	-6.36%
APP	C	-3.74%
GOOG	D	-3.41%
NFLX	B	-2.55%
SPGI	B	-2.4%