FDWM vs. RUNN ETF Comparison

Comparison of Fidelity Women's Leadership ETF (FDWM) to Running Oak Efficient Growth ETF (RUNN)

FDWM

Fidelity Women's Leadership ETF

FDWM Description

The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.57

Average Daily Volume

240

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

RUNN

Running Oak Efficient Growth ETF

RUNN Description

The fund is in an actively managed exchange-traded fund ("ETF"). Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in exchange-traded equity securities of large and mid-sized U.S. companies with market capitalizations of at least $5 billion. The fund is roughly equally-weighted with 50-75 stocks typically held in the portfolio. The fund may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.94

Average Daily Volume

42,347

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDWM	RUNN
30 Days	1.42%	2.63%
60 Days	2.22%	5.02%
90 Days	4.17%	6.99%
12 Months	24.15%	30.86%

9 Overlapping Holdings

Symbol	Grade	Weight in FDWM	Weight in RUNN	Overlap
ACN	B	2.03%	1.79%	1.79%
CI	D	1.69%	1.67%	1.67%
ETN	A	0.94%	1.86%	0.94%
GOOG	C	2.61%	1.72%	1.72%
ICLR	D	0.61%	1.52%	0.61%
LDOS	C	0.94%	1.83%	0.94%
MMC	B	0.93%	1.64%	0.93%
NVT	B	0.51%	1.71%	0.51%
PH	A	0.87%	1.85%	0.87%

FDWM Overweight 92 Positions Relative to RUNN

Symbol	Grade	Weight
AAPL	C	4.35%
MSFT	D	3.66%
NVDA	B	3.24%
AMZN	C	2.56%
DIS	B	1.93%
HOLX	D	1.76%
PGR	A	1.73%
CRM	B	1.62%
JPM	A	1.5%
ANET	C	1.41%
WSM	C	1.4%
ADBE	C	1.32%
CDW	F	1.23%
HUBS	A	1.21%
AMD	F	1.19%
VTR	B	1.16%
NXPI	D	1.16%
CNC	D	1.13%
BAC	A	1.11%
PODD	C	1.1%
MA	B	1.09%
MRVL	B	1.08%
BKR	A	1.04%
HIG	B	1.04%
NEE	C	1.0%
ALNY	D	1.0%
WEX	D	0.99%
C	A	0.98%
FSLR	F	0.98%
GEV	B	0.96%
NDAQ	A	0.95%
ULTA	F	0.94%
GEN	B	0.93%
ELV	F	0.92%
TMHC	C	0.92%
DE	B	0.92%
MU	D	0.87%
INTU	B	0.85%
CLX	A	0.83%
FIS	C	0.82%
EL	F	0.8%
ZTS	D	0.78%
CBT	D	0.78%
HLT	A	0.78%
UPS	C	0.77%
NSIT	F	0.76%
PSA	C	0.75%
FSS	B	0.74%
OTIS	C	0.71%
SAIC	F	0.71%
RRX	B	0.7%
BALL	F	0.69%
MRK	D	0.68%
GSK	F	0.67%
AR	B	0.66%
NFLX	A	0.66%
HBAN	A	0.65%
ETSY	D	0.64%
EMN	C	0.62%
EXAS	D	0.61%
BBY	D	0.61%
VRTX	D	0.59%
CE	F	0.57%
OLED	F	0.57%
SUM	B	0.57%
USB	A	0.56%
OXY	D	0.55%
PINS	F	0.55%
SBUX	A	0.55%
LOW	C	0.54%
DELL	B	0.53%
EQT	B	0.52%
TPR	B	0.51%
ATI	C	0.51%
HSY	F	0.5%
BG	D	0.47%
MAN	F	0.47%
WRBY	A	0.45%
MTN	C	0.44%
VLTO	C	0.42%
NKE	F	0.37%
RUN	F	0.36%
AMN	F	0.36%
ARCB	C	0.34%
ZLAB	C	0.31%
PD	C	0.29%
ELF	C	0.28%
GAP	C	0.24%
RDUS	B	0.24%
SEDG	F	0.21%
MLKN	F	0.2%
SAGE	F	0.08%

FDWM Underweight 46 Positions Relative to RUNN

Symbol	Grade	Weight
HON	C	-1.9%
J	D	-1.86%
CW	C	-1.86%
FDS	B	-1.86%
AME	A	-1.86%
WSO	A	-1.86%
PRI	B	-1.85%
FI	A	-1.85%
TXRH	B	-1.84%
ITT	A	-1.83%
GWW	B	-1.83%
TDY	B	-1.83%
EME	A	-1.82%
RBA	A	-1.82%
ADP	A	-1.82%
BSX	A	-1.82%
V	A	-1.82%
BR	A	-1.81%
SYK	B	-1.8%
SAIA	B	-1.79%
BRO	B	-1.78%
DRI	B	-1.78%
NSC	B	-1.77%
GD	D	-1.76%
IR	B	-1.75%
DECK	A	-1.75%
RSG	A	-1.74%
GGG	B	-1.74%
FELE	B	-1.74%
CACI	D	-1.74%
APD	A	-1.72%
CSL	C	-1.72%
SSNC	B	-1.71%
TSCO	D	-1.71%
TJX	A	-1.71%
ROP	B	-1.7%
AJG	A	-1.68%
UNH	B	-1.68%
TTC	C	-1.68%
DOX	D	-1.65%
STE	D	-1.64%
BDX	F	-1.63%
ICE	C	-1.6%
AVY	F	-1.59%
FCN	F	-1.57%
IQV	F	-1.55%