FMAG vs. MPAY ETF Comparison

Comparison of Fidelity Magellan ETF (FMAG) to Akros Monthly Payout ETF (MPAY)

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

$31.63

Average Daily Volume

62,847

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.82

Average Daily Volume

845

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMAG	MPAY
30 Days	2.69%	1.20%
60 Days	2.79%	0.22%
90 Days	5.96%	2.14%
12 Months	36.13%	23.74%

16 Overlapping Holdings

Symbol	Grade	Weight in FMAG	Weight in MPAY	Overlap
AMAT	F	1.43%	1.45%	1.43%
AMZN	C	4.55%	4.97%	4.55%
AZO	C	1.16%	1.24%	1.16%
COST	B	1.87%	1.77%	1.77%
GOOGL	C	3.11%	4.73%	3.11%
HCA	F	1.22%	1.28%	1.22%
INTU	C	1.44%	1.3%	1.3%
KLAC	F	1.38%	1.32%	1.32%
LIN	D	1.55%	1.27%	1.27%
LLY	F	2.51%	3.04%	2.51%
MA	B	2.07%	1.76%	1.76%
MSFT	D	7.8%	5.7%	5.7%
NVDA	C	7.21%	6.38%	6.38%
ORCL	C	1.8%	1.78%	1.78%
UNH	B	2.31%	1.74%	1.74%
V	A	2.06%	1.77%	1.77%

FMAG Overweight 41 Positions Relative to MPAY

Symbol	Grade	Weight
META	D	3.88%
AVGO	D	3.01%
GE	D	1.61%
GOOG	C	1.6%
TMO	F	1.6%
SPGI	C	1.51%
TDG	D	1.42%
DHR	D	1.37%
ANET	C	1.36%
TT	B	1.34%
SHW	A	1.34%
ETN	A	1.33%
MCO	A	1.33%
MMC	A	1.3%
URI	B	1.3%
BSX	C	1.29%
HLT	A	1.29%
LRCX	F	1.28%
HEI	B	1.26%
AJG	A	1.25%
PWR	A	1.24%
MSI	C	1.24%
CTAS	B	1.24%
MAR	A	1.21%
WAB	B	1.19%
SNPS	B	1.19%
APH	B	1.18%
CDNS	B	1.17%
ORLY	B	1.17%
IT	C	1.15%
ARES	B	1.15%
WSO	A	1.14%
AME	A	1.14%
CPRT	A	1.11%
MLM	B	1.09%
VRSK	A	1.09%
VMC	B	1.08%
WCN	A	1.03%
NVO	F	1.02%
COR	C	0.86%
IR	A	0.16%

FMAG Underweight 35 Positions Relative to MPAY

Symbol	Grade	Weight
AAPL	B	-5.94%
GLDM	D	-3.6%
IAUM	D	-3.36%
WMT	B	-2.21%
TSLA	B	-1.83%
HD	A	-1.74%
ADBE	C	-1.57%
XOM	C	-1.55%
MRK	F	-1.53%
NOW	B	-1.46%
JNJ	D	-1.46%
ABBV	D	-1.45%
NFLX	B	-1.44%
CRM	B	-1.43%
LOW	C	-1.37%
QCOM	F	-1.36%
ACN	B	-1.34%
CVX	B	-1.32%
MCD	D	-1.31%
CAT	B	-1.28%
FTNT	C	-1.28%
TJX	A	-1.28%
CSCO	A	-1.28%
PM	B	-1.27%
BKNG	B	-1.26%
PEP	F	-1.25%
NKE	F	-1.25%
ADP	B	-1.24%
ABNB	C	-1.23%
TXN	D	-1.23%
ABT	B	-1.23%
LMT	D	-1.23%
UPS	C	-1.22%
RTX	D	-1.19%
DELL	C	-1.02%