FMAG vs. DFND ETF Comparison

Comparison of Fidelity Magellan ETF (FMAG) to Realty Shares DIVCON Dividend Defender ETF (DFND)

FMAG

Fidelity Magellan ETF

FMAG Description

The investment seeks long-term growth of capital. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.55

Average Daily Volume

49,202

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.36

Average Daily Volume

325

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMAG	DFND
30 Days	4.98%	7.38%
60 Days	11.25%	8.05%
90 Days	0.95%	10.17%
12 Months	43.39%	16.49%

17 Overlapping Holdings

Symbol	Grade	Weight in FMAG	Weight in DFND	Overlap
AMAT	C	1.37%	1.76%	1.37%
AVGO	B	2.71%	0.87%	0.87%
COST	C	1.92%	1.15%	1.15%
CTAS	C	1.24%	2.44%	1.24%
ETN	B	1.26%	1.59%	1.26%
INTU	F	1.5%	0.69%	0.69%
KLAC	B	1.49%	2.96%	1.49%
LIN	C	1.63%	1.28%	1.28%
MA	A	2.06%	1.67%	1.67%
MCO	D	1.4%	1.83%	1.4%
MLM	F	1.1%	0.74%	0.74%
MMC	D	1.35%	1.23%	1.23%
MSFT	D	7.71%	1.01%	1.01%
MSI	A	1.3%	1.7%	1.3%
SHW	C	1.36%	2.23%	1.36%
V	B	2.11%	2.41%	2.11%
VRSK	D	1.13%	2.26%	1.13%

FMAG Overweight 40 Positions Relative to DFND

Symbol	Grade	Weight
NVDA	B	7.24%
AMZN	C	4.45%
META	A	3.64%
GOOGL	B	3.13%
LLY	D	2.85%
UNH	B	2.39%
TMO	D	1.62%
ORCL	A	1.59%
GOOG	B	1.53%
GE	B	1.52%
SPGI	C	1.52%
TDG	A	1.44%
HEI	C	1.35%
BSX	A	1.34%
AJG	C	1.33%
HLT	A	1.3%
ANET	A	1.28%
TT	A	1.27%
LRCX	D	1.26%
APH	D	1.25%
SNPS	F	1.24%
PWR	A	1.24%
URI	C	1.22%
IT	A	1.2%
AZO	D	1.2%
MAR	A	1.17%
HCA	C	1.17%
ORLY	A	1.17%
AME	C	1.16%
CDNS	D	1.14%
MCK	F	1.13%
WSO	C	1.12%
ARES	A	1.11%
NVO	F	1.11%
WCN	D	1.1%
WAB	A	1.09%
CPRT	B	1.09%
VMC	D	1.08%
CEG	A	0.04%
PTC	B	0.03%

FMAG Underweight 53 Positions Relative to DFND

Symbol	Grade	Weight
PG	D	-2.37%
NDSN	C	-2.28%
MCD	A	-2.25%
LMT	A	-2.23%
PHM	C	-2.22%
MPC	D	-2.19%
SNA	C	-2.15%
MPWR	B	-2.12%
FDS	C	-2.07%
BRO	A	-2.01%
GWW	B	-2.0%
PPG	D	-1.93%
CMI	A	-1.88%
DHI	C	-1.72%
ITW	C	-1.68%
J	F	-1.58%
ROK	D	-1.56%
ALLE	A	-1.55%
ADI	B	-1.5%
HSY	D	-1.48%
AON	A	-1.41%
CB	A	-1.41%
CSCO	A	-1.38%
AOS	C	-1.37%
HON	C	-1.31%
CBOE	B	-1.29%
MSCI	B	-1.27%
HUBB	A	-1.24%
CME	A	-1.22%
CMCSA	B	-1.1%
FAST	C	-0.99%
AAPL	C	-0.96%
ALB	D	-0.95%
LW	D	-0.94%
GL	C	-0.9%
ODFL	F	-0.78%
BR	B	-0.7%
ACN	B	-0.33%
MCHP	F	-0.1%
PARA	F	--0.32%
APA	F	--0.9%
INTC	D	--1.04%
VFC	A	--1.06%
DVN	F	--1.12%
NWS	D	--1.72%
LUV	B	--1.88%
IP	C	--2.01%
SW	C	--2.15%
T	B	--2.17%
FCX	B	--2.22%
F	D	--2.35%
CNP	B	--2.49%
D	A	--3.02%