FFSM vs. ABCS ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to Alpha Blue Capital US Small-Mid Cap Dynamic ETF (ABCS)

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$28.23

Average Daily Volume

28,455

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

ABCS

Alpha Blue Capital US Small-Mid Cap Dynamic ETF

ABCS Description

The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a blend of domestic equity securities of small- and mid- capitalization companies and ETFs that provide broad exposure to domestic equity securities of small- and mid- capitalization companies. As it relates to the fund"s investments, a domestic equity security means common equity securities of companies domiciled and having their principal place of business in the U.S. and are traded on a major U.S. stock exchange and shares of ETFs that invest primarily in domestic equity securities.

Grade (RS Rating)

Last Trade

$29.33

Average Daily Volume

1,977

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	ABCS
30 Days	0.79%	1.81%
60 Days	2.99%	4.32%
90 Days	5.77%	7.11%
12 Months	31.40%

23 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in ABCS	Overlap
AAP	D	0.15%	0.36%	0.15%
ALSN	B	0.76%	0.52%	0.52%
AMN	F	0.27%	0.26%	0.26%
BCO	F	0.56%	0.25%	0.25%
BECN	B	0.61%	0.44%	0.44%
CRL	D	0.52%	0.35%	0.35%
CWK	C	0.51%	0.64%	0.51%
DFS	B	0.89%	0.87%	0.87%
FAF	C	0.77%	0.42%	0.42%
FLEX	B	0.31%	0.54%	0.31%
GPK	D	0.71%	1.39%	0.71%
ICLR	F	0.1%	0.52%	0.1%
JLL	D	1.1%	0.48%	0.48%
LNG	A	0.9%	0.72%	0.72%
LPLA	A	0.01%	1.67%	0.01%
MOH	F	1.1%	1.31%	1.1%
NOMD	D	0.42%	0.88%	0.42%
NXST	C	0.75%	0.28%	0.28%
OLN	F	0.45%	0.36%	0.36%
RGA	B	0.76%	0.5%	0.5%
SNX	D	0.95%	0.63%	0.63%
TPX	B	1.46%	0.54%	0.54%
WTFC	B	0.52%	0.68%	0.52%

FFSM Overweight 148 Positions Relative to ABCS

Symbol	Grade	Weight
EME	A	1.81%
UHS	D	1.5%
FTI	A	1.47%
ACGL	D	1.45%
EXP	B	1.44%
MUSA	B	1.34%
NSIT	F	1.33%
AR	B	1.27%
BJ	B	1.22%
FN	B	1.22%
ITT	A	1.2%
CROX	F	1.17%
PFGC	B	1.16%
USFD	A	1.16%
VRT	A	1.14%
SN	D	1.11%
CACI	C	1.06%
WHD	B	1.01%
CR	A	1.01%
RRX	B	1.01%
ORI	A	0.96%
DOX	D	0.92%
AIZ	A	0.91%
BOOT	D	0.9%
TMDX	F	0.9%
AIT	B	0.88%
SNV	B	0.88%
DKS	D	0.84%
STX	D	0.84%
AYI	B	0.81%
TGLS	B	0.81%
BC	D	0.76%
VTR	B	0.76%
SF	B	0.75%
PNFP	B	0.73%
PCG	A	0.72%
HLI	B	0.71%
AEIS	B	0.66%
ACM	B	0.66%
ASGN	F	0.65%
AES	F	0.65%
LPX	B	0.65%
KBH	D	0.64%
FCNCA	A	0.63%
ON	F	0.62%
MMS	D	0.6%
CMC	B	0.6%
FSS	B	0.6%
LBRT	F	0.59%
G	B	0.59%
VNT	C	0.59%
CBT	C	0.59%
CADE	B	0.59%
WBS	A	0.57%
NOG	B	0.57%
MEDP	D	0.57%
MTSI	B	0.57%
PRI	A	0.56%
EPRT	A	0.56%
HOLX	D	0.56%
XPO	B	0.56%
CHDN	C	0.54%
ESI	B	0.54%
CIEN	B	0.53%
ASO	F	0.53%
RJF	A	0.51%
PVH	C	0.51%
HAYW	B	0.51%
IESC	A	0.51%
GMS	B	0.51%
WIX	A	0.5%
AFG	A	0.49%
EBC	B	0.49%
CTRE	C	0.49%
EAT	A	0.47%
CNM	C	0.47%
KBR	F	0.46%
BOKF	B	0.46%
BLDR	D	0.46%
TENB	D	0.45%
PRCT	B	0.44%
LITE	B	0.44%
AXTA	B	0.42%
TEX	D	0.42%
ARGX	B	0.41%
COMP	B	0.4%
LW	C	0.4%
MASI	B	0.39%
IP	A	0.37%
CXT	C	0.36%
CAH	B	0.36%
GVA	A	0.35%
RUSHA	B	0.35%
AZZ	A	0.34%
GTES	A	0.33%
WFRD	F	0.33%
PCVX	D	0.32%
AZEK	B	0.3%
UPBD	C	0.3%
ARCB	C	0.3%
MTB	A	0.3%
SKY	A	0.3%
LEA	F	0.3%
GRBK	D	0.3%
CNXC	F	0.29%
IBTX	B	0.29%
FBP	B	0.29%
LCII	D	0.29%
DIOD	F	0.27%
ALGM	F	0.24%
LAUR	A	0.24%
DOOO	F	0.23%
PATK	D	0.2%
CRNX	C	0.19%
ACLX	C	0.19%
RGEN	F	0.19%
KFRC	D	0.18%
CYTK	D	0.18%
MDGL	C	0.16%
NUVL	D	0.16%
XPRO	F	0.14%
MNDY	D	0.14%
KROS	D	0.13%
ELVN	C	0.12%
VCEL	A	0.12%
VRDN	D	0.12%
OMI	F	0.12%
AXSM	B	0.11%
ANAB	F	0.11%
CSTM	F	0.11%
TYRA	D	0.11%
COGT	D	0.11%
LBPH	A	0.1%
CLDX	F	0.1%
XENE	D	0.09%
AUTL	F	0.08%
TCBK	B	0.08%
MRUS	F	0.07%
PBH	A	0.06%
ARVN	F	0.04%
ATKR	D	0.01%
FIBK	B	0.01%
CC	D	0.01%
STLD	B	0.01%
AME	A	0.01%
ALXO	F	0.0%
EWTX	C	0.0%
ZNTL	D	0.0%

FFSM Underweight 79 Positions Relative to ABCS

Symbol	Grade	Weight
VOE	B	-10.03%
VBR	B	-9.82%
GPN	C	-2.09%
EXPE	B	-1.85%
LAD	B	-1.6%
LYV	A	-1.49%
KVUE	A	-1.47%
CTVA	C	-1.41%
CNC	F	-1.37%
DOCU	B	-1.16%
SLM	B	-1.03%
AMP	A	-0.96%
ET	A	-0.96%
WCC	B	-0.91%
FANG	D	-0.9%
BYD	B	-0.84%
VLO	C	-0.81%
COF	B	-0.8%
GTLS	A	-0.78%
HUM	D	-0.74%
HOG	F	-0.74%
WH	B	-0.73%
ZBH	C	-0.73%
MOS	D	-0.69%
BIIB	F	-0.67%
ZM	B	-0.67%
EG	D	-0.66%
RNR	C	-0.64%
HAL	C	-0.64%
CVS	F	-0.63%
PYPL	B	-0.62%
ARW	F	-0.61%
DAL	A	-0.6%
BK	B	-0.6%
ALK	A	-0.59%
USB	B	-0.57%
NCLH	B	-0.56%
VTRS	A	-0.54%
WKC	D	-0.54%
TAP	B	-0.54%
NTRS	A	-0.54%
TFC	A	-0.53%
AGO	A	-0.52%
AXS	A	-0.52%
HBI	B	-0.51%
LYFT	C	-0.5%
EQR	C	-0.5%
OTIS	C	-0.47%
ULTA	F	-0.46%
AGCO	F	-0.46%
EFC	C	-0.46%
NVST	C	-0.45%
AEP	C	-0.45%
STWD	C	-0.44%
BMRN	F	-0.44%
JEF	A	-0.44%
MTH	D	-0.43%
WU	F	-0.43%
AGM	B	-0.43%
IDCC	B	-0.43%
USPH	C	-0.42%
SJM	D	-0.42%
RWT	D	-0.41%
CAR	C	-0.4%
TER	F	-0.39%
SKX	F	-0.38%
MAT	D	-0.38%
KR	B	-0.37%
EWBC	A	-0.35%
EFX	F	-0.34%
IGT	F	-0.32%
PSX	C	-0.29%
PLAB	D	-0.29%
MKTX	D	-0.29%
ESNT	D	-0.27%
MCHP	F	-0.27%
SIRI	D	-0.27%
QRVO	F	-0.22%
FSLR	F	-0.2%