FFSM vs. PDP ETF Comparison

Comparison of Fidelity Fundamental Small-Mid Cap ETF (FFSM) to PowerShares DWA Technical Leaders Portfolio (PDP)

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

$28.75

Average Daily Volume

28,347

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

PDP

PowerShares DWA Technical Leaders Portfolio

PDP Description

The PowerShares DWA Momentum Portfolio (Fund) is based on the Dorsey Wright Technical Leaders™ Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs based on the securities in the Index. The Index includes approximately 100 US-listed companies from a broad mid- and large-capitalization universe. The Index is constructed pursuant to Dorsey, Wright & Associates, LLC's proprietary methodology, which takes into account, among other factors, the performance of each of the 3,000 largest US-listed companies as compared to a benchmark index, and the relative performance of industry sectors and sub-sectors. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA Technical Leaders Portfolio to PowerShares DWA Momentum Portfolio.

Grade (RS Rating)

Last Trade

$114.30

Average Daily Volume

20,294

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FFSM	PDP
30 Days	5.05%	7.96%
60 Days	4.89%	11.45%
90 Days	5.78%	12.87%
12 Months	33.64%	41.21%

13 Overlapping Holdings

Symbol	Grade	Weight in FFSM	Weight in PDP	Overlap
ACGL	C	1.45%	0.46%	0.46%
AIT	B	0.88%	0.74%	0.74%
BJ	A	1.22%	0.55%	0.55%
EME	A	1.81%	0.93%	0.93%
EXP	B	1.44%	0.6%	0.6%
FCNCA	A	0.63%	0.63%	0.63%
HLI	A	0.71%	0.66%	0.66%
MTSI	B	0.57%	1.18%	0.57%
MUSA	B	1.34%	0.64%	0.64%
NSIT	F	1.33%	0.41%	0.41%
PCVX	D	0.32%	0.89%	0.32%
PRI	B	0.56%	0.69%	0.56%
USFD	A	1.16%	0.6%	0.6%

FFSM Overweight 158 Positions Relative to PDP

Symbol	Grade	Weight
UHS	D	1.5%
FTI	A	1.47%
TPX	B	1.46%
AR	B	1.27%
FN	C	1.22%
ITT	A	1.2%
CROX	D	1.17%
PFGC	B	1.16%
VRT	B	1.14%
SN	D	1.11%
JLL	D	1.1%
MOH	F	1.1%
CACI	D	1.06%
WHD	B	1.01%
CR	A	1.01%
RRX	B	1.01%
ORI	A	0.96%
SNX	D	0.95%
DOX	D	0.92%
AIZ	A	0.91%
BOOT	C	0.9%
TMDX	F	0.9%
LNG	A	0.9%
DFS	B	0.89%
SNV	C	0.88%
DKS	D	0.84%
STX	C	0.84%
AYI	B	0.81%
TGLS	B	0.81%
FAF	A	0.77%
ALSN	B	0.76%
BC	C	0.76%
VTR	B	0.76%
RGA	A	0.76%
NXST	C	0.75%
SF	B	0.75%
PNFP	B	0.73%
PCG	A	0.72%
GPK	C	0.71%
AEIS	C	0.66%
ACM	B	0.66%
ASGN	F	0.65%
AES	F	0.65%
LPX	B	0.65%
KBH	D	0.64%
ON	D	0.62%
BECN	B	0.61%
MMS	F	0.6%
CMC	B	0.6%
FSS	B	0.6%
LBRT	D	0.59%
G	B	0.59%
VNT	C	0.59%
CBT	D	0.59%
CADE	B	0.59%
WBS	A	0.57%
NOG	B	0.57%
MEDP	D	0.57%
EPRT	B	0.56%
HOLX	D	0.56%
XPO	B	0.56%
BCO	F	0.56%
CHDN	B	0.54%
ESI	B	0.54%
CIEN	C	0.53%
ASO	F	0.53%
WTFC	A	0.52%
CRL	D	0.52%
CWK	C	0.51%
RJF	A	0.51%
PVH	C	0.51%
HAYW	B	0.51%
IESC	C	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	D	0.47%
KBR	F	0.46%
BOKF	B	0.46%
BLDR	D	0.46%
TENB	C	0.45%
OLN	F	0.45%
PRCT	B	0.44%
LITE	B	0.44%
NOMD	D	0.42%
AXTA	B	0.42%
TEX	F	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	C	0.35%
AZZ	A	0.34%
GTES	A	0.33%
WFRD	D	0.33%
FLEX	B	0.31%
AZEK	A	0.3%
UPBD	B	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	C	0.29%
LCII	C	0.29%
DIOD	D	0.27%
AMN	F	0.27%
ALGM	D	0.24%
LAUR	A	0.24%
DOOO	F	0.23%
PATK	C	0.2%
CRNX	C	0.19%
ACLX	C	0.19%
RGEN	D	0.19%
KFRC	D	0.18%
CYTK	F	0.18%
MDGL	B	0.16%
NUVL	C	0.16%
AAP	D	0.15%
XPRO	D	0.14%
MNDY	C	0.14%
KROS	D	0.13%
ELVN	D	0.12%
VCEL	B	0.12%
VRDN	D	0.12%
OMI	F	0.12%
AXSM	B	0.11%
ANAB	F	0.11%
CSTM	F	0.11%
TYRA	F	0.11%
COGT	D	0.11%
LBPH	A	0.1%
ICLR	D	0.1%
CLDX	F	0.1%
XENE	D	0.09%
AUTL	F	0.08%
TCBK	C	0.08%
MRUS	F	0.07%
PBH	A	0.06%
ARVN	F	0.04%
ATKR	D	0.01%
FIBK	B	0.01%
CC	C	0.01%
LPLA	A	0.01%
STLD	B	0.01%
AME	A	0.01%
ALXO	F	0.0%
EWTX	C	0.0%
ZNTL	F	0.0%

FFSM Underweight 87 Positions Relative to PDP

Symbol	Grade	Weight
APP	B	-4.16%
TRGP	A	-2.86%
MA	B	-2.84%
CPRT	B	-2.81%
AAPL	C	-2.79%
APH	A	-2.53%
FI	A	-2.24%
ROP	B	-2.23%
TDG	D	-2.22%
GWW	B	-2.12%
KNSL	B	-1.9%
TT	A	-1.69%
FIX	A	-1.64%
CTAS	B	-1.54%
COST	A	-1.52%
VST	A	-1.52%
PWR	A	-1.43%
PLTR	B	-1.39%
FICO	B	-1.33%
HWM	A	-1.28%
V	A	-1.27%
NVR	D	-1.24%
URI	C	-1.23%
ARES	A	-1.22%
TJX	A	-1.22%
THC	D	-1.13%
RCL	A	-1.06%
AFRM	A	-1.05%
LLY	F	-1.05%
KLAC	F	-1.04%
ANET	C	-1.04%
AXON	A	-1.03%
ORCL	A	-0.95%
ISRG	A	-0.95%
KKR	A	-0.94%
APO	B	-0.93%
BAH	F	-0.93%
META	D	-0.91%
MSFT	D	-0.89%
HOOD	B	-0.79%
CSL	C	-0.77%
WING	D	-0.76%
NFLX	A	-0.76%
BX	A	-0.74%
EVR	B	-0.73%
WAL	B	-0.72%
ONTO	F	-0.71%
NTNX	B	-0.71%
CLH	C	-0.69%
COKE	C	-0.69%
ENSG	C	-0.69%
AAON	B	-0.68%
AJG	A	-0.68%
MANH	D	-0.67%
TTEK	F	-0.66%
OKE	A	-0.66%
NTRA	A	-0.65%
JEF	A	-0.65%
BRO	B	-0.65%
DASH	B	-0.64%
CARR	C	-0.61%
FLR	B	-0.61%
PH	A	-0.6%
TXRH	B	-0.6%
IRM	C	-0.6%
ETN	A	-0.57%
CW	C	-0.57%
COHR	B	-0.57%
GWRE	A	-0.56%
TOL	B	-0.55%
HRB	D	-0.54%
IR	B	-0.53%
PSN	D	-0.53%
PTC	B	-0.53%
MMC	B	-0.53%
ICE	C	-0.52%
LDOS	C	-0.52%
PGR	A	-0.52%
PHM	D	-0.51%
LII	A	-0.51%
UFPI	C	-0.51%
TMHC	C	-0.5%
HCA	F	-0.45%
MTH	D	-0.42%
ERIE	D	-0.41%
DHI	F	-0.41%
REGN	F	-0.34%