FHEQ vs. WOMN ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to Impact Shares YWCA Womenas Empowerment ETF (WOMN)

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.79

Average Daily Volume

1,896

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	WOMN
30 Days	2.51%	2.87%
60 Days	3.80%	2.73%
90 Days	4.54%	5.77%
12 Months		26.34%

64 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in WOMN	Overlap
AAPL	C	7.31%	5.02%	5.02%
ABBV	D	1.0%	1.55%	1.0%
ADBE	C	0.93%	2.23%	0.93%
ADP	B	0.16%	0.5%	0.16%
ALL	A	0.07%	0.21%	0.07%
AMGN	D	0.24%	0.82%	0.24%
AMT	D	0.24%	0.49%	0.24%
AMZN	C	3.64%	4.47%	3.64%
AXP	A	0.43%	0.7%	0.43%
BAC	A	1.17%	1.25%	1.17%
BAH	F	0.09%	0.09%	0.09%
BIIB	F	0.21%	0.13%	0.13%
BK	A	0.36%	0.22%	0.22%
BLK	C	0.23%	0.6%	0.23%
BMY	B	0.68%	0.43%	0.43%
C	A	0.54%	0.56%	0.54%
CAH	B	0.4%	0.13%	0.13%
CI	F	0.63%	0.5%	0.5%
CL	D	0.58%	0.39%	0.39%
CLX	B	0.2%	0.08%	0.08%
CRM	B	1.09%	2.27%	1.09%
CSCO	B	0.79%	1.92%	0.79%
CVX	A	0.02%	1.31%	0.02%
DASH	A	0.12%	0.17%	0.12%
DOC	D	0.08%	0.07%	0.07%
ECL	D	0.62%	0.27%	0.27%
ETN	A	0.15%	0.59%	0.15%
F	C	0.15%	0.46%	0.15%
GE	D	0.45%	0.88%	0.45%
GILD	C	0.73%	0.46%	0.46%
JNJ	D	0.61%	1.82%	0.61%
KR	B	0.11%	0.17%	0.11%
LLY	F	0.76%	3.49%	0.76%
MA	C	1.34%	1.77%	1.34%
MDLZ	F	0.07%	0.47%	0.07%
META	D	2.87%	4.85%	2.87%
MMM	D	0.22%	0.33%	0.22%
MRK	F	0.69%	1.3%	0.69%
MS	A	0.16%	0.6%	0.16%
MSFT	F	5.64%	2.49%	2.49%
MSI	B	0.26%	0.63%	0.26%
NFLX	A	1.26%	0.72%	0.72%
NOW	A	0.34%	1.42%	0.34%
NSC	B	0.26%	0.25%	0.25%
PG	A	0.87%	1.82%	0.87%
PGR	A	0.63%	0.67%	0.63%
PPG	F	0.34%	0.13%	0.13%
PYPL	B	0.54%	0.34%	0.34%
RSG	A	0.2%	0.19%	0.19%
SPGI	C	0.28%	0.7%	0.28%
TMUS	B	0.29%	0.36%	0.29%
TROW	B	0.23%	0.11%	0.11%
TT	A	0.69%	0.39%	0.39%
UBER	D	0.14%	1.22%	0.14%
UNH	C	0.57%	2.47%	0.57%
UNP	C	0.73%	0.71%	0.71%
V	A	0.47%	1.94%	0.47%
VST	B	0.11%	0.14%	0.11%
VZ	C	0.18%	0.82%	0.18%
WDAY	B	0.16%	0.51%	0.16%
WFC	A	0.15%	0.95%	0.15%
WM	A	0.38%	0.37%	0.37%
WMT	A	0.8%	0.73%	0.73%
XOM	B	1.54%	2.53%	1.54%

FHEQ Overweight 104 Positions Relative to WOMN

Symbol	Grade	Weight
NVDA	C	7.27%
BRK.A	B	2.19%
GOOGL	C	2.02%
JPM	A	1.82%
GOOG	C	1.74%
AVGO	D	1.49%
HD	A	1.32%
TSLA	B	1.26%
PM	B	0.92%
QCOM	F	0.84%
CMCSA	B	0.83%
NEE	D	0.73%
TJX	A	0.73%
AMAT	F	0.7%
LMT	D	0.69%
T	A	0.67%
CTAS	B	0.66%
SQ	B	0.59%
BDX	F	0.59%
DIS	B	0.57%
NOC	D	0.56%
SCHW	B	0.56%
PFE	D	0.56%
SEIC	B	0.54%
KLAC	D	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
MMC	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
MSCI	C	0.49%
CMG	B	0.49%
TRV	B	0.49%
CAT	B	0.48%
MU	D	0.47%
ZBRA	B	0.47%
IGT	F	0.45%
COST	B	0.45%
ALLE	D	0.44%
RTX	C	0.44%
EOG	A	0.43%
CSX	B	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
ALRM	C	0.4%
CME	A	0.37%
TDC	D	0.35%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
MEDP	D	0.31%
GRMN	B	0.31%
CACI	D	0.3%
SKYW	B	0.29%
HWM	A	0.27%
INCY	C	0.27%
TMO	F	0.26%
IDXX	F	0.26%
FTNT	C	0.24%
LRCX	F	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
CVS	D	0.22%
XEL	A	0.21%
GL	B	0.2%
PSA	D	0.19%
GAP	C	0.18%
DOCU	A	0.18%
HLT	A	0.18%
GEHC	F	0.17%
LNW	D	0.17%
FTI	A	0.17%
SPG	B	0.16%
PEGA	A	0.16%
TPH	D	0.15%
GEN	B	0.13%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
QRVO	F	0.11%
ROST	C	0.1%
PLTK	B	0.1%
MKL	A	0.09%
ANET	C	0.08%
BCC	B	0.07%
L	A	0.07%
TENB	C	0.06%
CRUS	D	0.06%
LYFT	C	0.06%
BLD	D	0.05%
UTHR	C	0.05%
ORCL	B	0.04%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 134 Positions Relative to WOMN

Symbol	Grade	Weight
MCD	D	-2.04%
ACN	C	-1.9%
IBM	C	-1.64%
INTU	C	-1.56%
KO	D	-1.25%
PEP	F	-1.17%
SBUX	A	-1.03%
INTC	D	-0.81%
COP	C	-0.65%
ELV	F	-0.59%
REGN	F	-0.55%
VRTX	F	-0.54%
GM	B	-0.49%
ADSK	A	-0.45%
TEL	B	-0.43%
UPS	C	-0.43%
EQIX	A	-0.39%
TGT	F	-0.36%
HPQ	B	-0.36%
MPWR	F	-0.36%
YUM	B	-0.36%
USB	A	-0.35%
WELL	A	-0.33%
MCO	B	-0.33%
LULU	C	-0.29%
EBAY	D	-0.29%
DECK	A	-0.28%
EMR	A	-0.28%
APD	A	-0.27%
PSX	C	-0.26%
CARR	D	-0.26%
HUBS	A	-0.26%
NEM	D	-0.26%
KEYS	A	-0.25%
ANSS	B	-0.25%
FTV	C	-0.24%
AIG	B	-0.24%
WMB	A	-0.24%
COF	B	-0.24%
D	C	-0.23%
SRE	A	-0.23%
AEP	D	-0.23%
KMB	D	-0.22%
MET	A	-0.22%
JCI	C	-0.22%
TYL	B	-0.22%
AMP	A	-0.21%
CMI	A	-0.2%
EXC	C	-0.19%
GIS	D	-0.19%
GWW	B	-0.19%
PRU	A	-0.19%
HPE	B	-0.19%
PEG	A	-0.18%
CTVA	C	-0.18%
PCG	A	-0.18%
PAYX	C	-0.18%
VRSK	A	-0.17%
BKR	B	-0.17%
DOW	F	-0.17%
OXY	D	-0.17%
BBY	D	-0.16%
KHC	F	-0.16%
HIG	B	-0.16%
ED	D	-0.16%
EA	A	-0.16%
IR	B	-0.16%
CBRE	B	-0.16%
EIX	B	-0.15%
IRM	D	-0.15%
ADM	D	-0.15%
DD	D	-0.15%
XYL	D	-0.15%
EXPE	B	-0.15%
WSM	B	-0.15%
GPN	B	-0.14%
ROK	B	-0.14%
OKTA	C	-0.14%
HSY	F	-0.13%
A	D	-0.13%
FITB	A	-0.13%
WTW	B	-0.13%
IFF	D	-0.12%
ETR	B	-0.12%
DAL	C	-0.12%
VTR	C	-0.11%
SCI	B	-0.11%
EL	F	-0.11%
STT	A	-0.11%
CHD	B	-0.11%
AWK	D	-0.11%
RF	A	-0.1%
RJF	A	-0.1%
PPL	B	-0.1%
CMS	C	-0.09%
SYF	B	-0.09%
BAX	D	-0.09%
OMC	C	-0.09%
INVH	D	-0.09%
K	A	-0.09%
HBAN	A	-0.09%
BMRN	D	-0.08%
CNP	B	-0.08%
KEY	B	-0.08%
DAY	B	-0.08%
PFG	D	-0.08%
PINS	D	-0.08%
NTRS	A	-0.08%
ESS	B	-0.08%
TRU	D	-0.08%
SWK	D	-0.07%
CAG	D	-0.07%
LNT	A	-0.07%
OC	A	-0.07%
LUV	C	-0.07%
HST	C	-0.06%
IPG	D	-0.06%
SJM	D	-0.06%
CE	F	-0.06%
NI	A	-0.06%
ETSY	D	-0.06%
PNR	A	-0.06%
TAP	C	-0.05%
CPB	D	-0.05%
REXR	F	-0.05%
ALB	C	-0.05%
ELS	C	-0.05%
Z	A	-0.04%
CFG	B	-0.04%
PNW	B	-0.04%
MTCH	D	-0.04%
RHI	B	-0.03%
AGR	B	-0.01%
ZG	A	-0.01%