FFSM vs. ISZE ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to iShares MSCI International Developed Size Factor ETF (ISZE)

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

$27.16

Average Daily Volume

21,836

Number of Holdings ^*

167

* may have additional holdings in another (foreign) market

ISZE

iShares MSCI International Developed Size Factor ETF

ISZE Description

The investment seeks to track the investment results of the MSCI World ex USA Risk Weighted Index. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index. The index is based on a traditional market capitalization-weighted parent index, the MSCI World ex USA Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.86

Average Daily Volume

1,699

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	ISZE
30 Days	6.37%	3.96%
60 Days	3.68%	1.24%
90 Days	8.68%	4.37%
12 Months	18.64%	8.31%

1 Overlapping Holdings

	Symbol	Grade	Weight in FFSM	Weight in ISZE	Overlap
	DOOO	C	0.3%	0.13%	0.13%

FFSM Overweight 166 Positions Relative to ISZE

Symbol	Grade	Weight
VRT	D	1.71%
EME	C	1.71%
AR	D	1.66%
FTI	A	1.54%
TPX	C	1.45%
ACGL	D	1.39%
CROX	D	1.39%
BJ	C	1.37%
AZO	B	1.31%
UHS	B	1.3%
FN	D	1.29%
MUSA	C	1.28%
ITT	B	1.12%
SNX	D	1.09%
PFGC	C	1.08%
LPLA	F	1.07%
USFD	C	1.06%
TMDX	D	1.06%
MOH	D	1.06%
DKS	C	1.03%
CR	A	1.02%
NSIT	B	0.99%
RRX	C	0.96%
WHD	B	0.96%
EXP	B	0.95%
CACI	A	0.95%
ORI	A	0.91%
XPO	C	0.91%
DOX	B	0.88%
JLL	A	0.86%
LNG	A	0.84%
AIZ	B	0.83%
DFS	B	0.82%
SN	C	0.82%
AYI	C	0.81%
AIT	B	0.8%
GVA	B	0.8%
NXST	A	0.8%
BC	D	0.79%
AME	B	0.78%
RGA	A	0.77%
VNT	C	0.75%
STX	C	0.75%
AES	D	0.73%
FAF	B	0.72%
PCG	B	0.72%
PVH	F	0.71%
GPK	B	0.71%
AEIS	B	0.71%
BECN	B	0.71%
ATKR	F	0.71%
ON	C	0.7%
MEDP	D	0.69%
ASGN	C	0.69%
BOOT	C	0.68%
CNM	C	0.66%
TGLS	C	0.66%
CMC	B	0.65%
SNV	B	0.65%
G	C	0.64%
HLI	B	0.64%
FSS	B	0.64%
ALSN	A	0.64%
VTR	A	0.64%
STLD	C	0.63%
KBR	C	0.63%
PNFP	B	0.62%
FCNCA	B	0.62%
CC	F	0.61%
LPX	B	0.6%
MMS	A	0.6%
PRI	B	0.59%
ACM	C	0.59%
DT	F	0.59%
CADE	B	0.58%
CBT	B	0.58%
CRL	C	0.58%
LBRT	B	0.58%
CIEN	C	0.56%
WBS	B	0.56%
MTSI	D	0.55%
CHDN	B	0.55%
KBH	B	0.55%
CAH	D	0.54%
RJF	D	0.54%
HOLX	A	0.54%
BCO	B	0.53%
OLN	F	0.52%
HAYW	C	0.51%
ESI	B	0.51%
TEX	C	0.51%
WTFC	C	0.5%
AFG	B	0.5%
TENB	C	0.49%
NOMD	B	0.47%
EPRT	C	0.46%
EBC	B	0.45%
EAT	D	0.45%
CACC	B	0.44%
BOKF	C	0.43%
CWK	B	0.43%
CHX	C	0.4%
ASO	D	0.38%
PRCT	D	0.38%
LEA	D	0.38%
OI	D	0.38%
NOG	A	0.37%
AZZ	D	0.36%
FIBK	C	0.36%
CNXC	D	0.36%
LW	F	0.35%
FLEX	C	0.35%
ICHR	F	0.34%
GTES	B	0.34%
ESGR	C	0.34%
ALGM	F	0.33%
FBP	B	0.33%
LAUR	B	0.33%
INSM	C	0.32%
RUSHA	B	0.32%
LITE	C	0.32%
DIOD	C	0.32%
ARGX	B	0.3%
SF	A	0.29%
AAP	F	0.28%
FROG	C	0.28%
LCII	C	0.28%
MTB	B	0.27%
FIVN	D	0.25%
COMP	C	0.25%
IBTX	B	0.24%
HELE	F	0.22%
RGEN	C	0.21%
XPRO	B	0.19%
CSTM	F	0.19%
KFRC	B	0.19%
MDGL	B	0.18%
PATK	B	0.18%
OMI	D	0.18%
CRNX	C	0.17%
VCEL	C	0.14%
ECPG	B	0.14%
ICLR	C	0.12%
NUVL	C	0.12%
EWTX	D	0.11%
CLDX	C	0.11%
CYTK	C	0.11%
PCVX	C	0.1%
ACLX	C	0.1%
VRDN	C	0.09%
AXSM	C	0.09%
XENE	C	0.08%
TCBK	B	0.07%
PBH	C	0.06%
ARVN	F	0.06%
MORF	B	0.04%
TXG	D	0.03%
ZNTL	F	0.02%
KROS	C	0.02%
ACHC	F	0.02%
PRO	F	0.01%
WSC	D	0.01%
PGNY	D	0.01%
LSCC	F	0.01%
EXLS	A	0.01%
ALXO	F	0.0%

FFSM Underweight 34 Positions Relative to ISZE

Symbol	Grade	Weight
SONY	C	-0.18%
GLBE	D	-0.16%
STM	F	-0.15%
NMR	B	-0.14%
CYBR	C	-0.14%
CHKP	B	-0.14%
XRX	F	-0.14%
TEVA	B	-0.13%
LOGI	D	-0.13%
MUFG	A	-0.13%
LYG	C	-0.13%
SMFG	A	-0.13%
AER	B	-0.13%
ABBV	A	-0.13%
TM	F	-0.12%
CNI	F	-0.12%
NVS	A	-0.12%
MNDY	D	-0.12%
UL	A	-0.12%
SE	D	-0.12%
GRAB	F	-0.12%
BCS	B	-0.12%
GOLD	C	-0.12%
CCEP	C	-0.12%
MFG	A	-0.12%
AGCO	F	-0.12%
WIX	D	-0.11%
E	B	-0.11%
GIB	B	-0.11%
FUTU	D	-0.11%
DEO	F	-0.1%
STLA	F	-0.1%
HMC	F	-0.1%
NVO	D	-0.1%

ISZE: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Software - Application Capital Markets Drug Manufacturers - Major Information Technology Services Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Biotechnology Computer Systems Consumer Electronics Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Gold Household & Personal Products Internet Content & Information