FMAT vs. APUE ETF Comparison

Comparison of Fidelity MSCI Materials Index ETF (FMAT) to Trust for Professional Managers ActivePassive U.S. Equity ETF (APUE)

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.94

Average Daily Volume

33,179

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

APUE

Trust for Professional Managers ActivePassive U.S. Equity ETF

APUE Description

The fund is an actively-managed exchange-traded fund ("ETF") that blends active and passive investment strategies to optimize costs, tracking and potential return over the fund"s benchmark index, the CRSP U.S. Total Market Index. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$36.75

Average Daily Volume

85,016

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

Performance

Period	FMAT	APUE
30 Days	-0.11%	3.74%
60 Days	1.45%	4.87%
90 Days	3.67%	6.08%
12 Months	20.86%	33.10%

16 Overlapping Holdings

Symbol	Grade	Weight in FMAT	Weight in APUE	Overlap
APD	A	4.93%	0.08%	0.08%
AXTA	A	0.63%	0.28%	0.28%
BALL	D	1.35%	0.13%	0.13%
CTVA	C	2.81%	0.06%	0.06%
DD	D	2.44%	0.1%	0.1%
ECL	D	4.47%	0.12%	0.12%
ESI	A	0.46%	0.09%	0.09%
FCX	D	4.36%	0.16%	0.16%
IP	B	1.32%	0.15%	0.15%
LIN	D	15.3%	0.33%	0.33%
NEM	D	3.29%	0.07%	0.07%
NEU	C	0.27%	0.24%	0.24%
NUE	C	2.46%	0.04%	0.04%
PKG	A	1.49%	0.07%	0.07%
SHW	A	6.57%	0.28%	0.28%
STLD	B	1.44%	0.11%	0.11%

FMAT Overweight 94 Positions Relative to APUE

Symbol	Grade	Weight
VMC	B	2.62%
MLM	B	2.54%
DOW	F	2.2%
PPG	F	2.03%
SW	A	1.84%
IFF	D	1.6%
LYB	F	1.51%
RS	B	1.25%
RPM	A	1.23%
AVY	D	1.13%
CF	B	1.1%
AMCR	D	1.03%
ALB	C	0.84%
EMN	D	0.83%
ATR	B	0.81%
CCK	C	0.76%
EXP	A	0.73%
AA	B	0.68%
RGLD	C	0.65%
GPK	C	0.61%
MOS	F	0.59%
CE	F	0.57%
CRS	A	0.57%
X	C	0.57%
BERY	B	0.53%
LPX	B	0.51%
FMC	D	0.49%
ATI	D	0.49%
CMC	B	0.48%
SUM	B	0.42%
CBT	C	0.42%
CLF	F	0.4%
BCPC	B	0.4%
KNF	A	0.36%
SON	D	0.35%
OLN	D	0.35%
SEE	C	0.35%
WLK	D	0.34%
AVNT	B	0.33%
SLGN	A	0.32%
FUL	F	0.29%
ASH	D	0.26%
HCC	B	0.24%
HL	D	0.23%
HUN	F	0.22%
SMG	D	0.22%
SLVM	B	0.21%
IOSP	B	0.21%
SXT	B	0.2%
ARCH	B	0.2%
CC	C	0.2%
AMR	C	0.18%
MTX	B	0.18%
MTRN	C	0.17%
KWR	C	0.17%
HWKN	B	0.17%
CDE	D	0.17%
MP	B	0.16%
OI	C	0.14%
GEF	A	0.12%
PRM	C	0.12%
SCL	C	0.12%
NGVT	B	0.11%
USLM	A	0.11%
WS	B	0.1%
TROX	D	0.09%
PCT	C	0.09%
KALU	C	0.09%
CENX	B	0.08%
ASPN	F	0.07%
TRS	B	0.07%
OEC	C	0.07%
SXC	A	0.07%
KOP	C	0.06%
ASIX	A	0.06%
ECVT	C	0.06%
MATV	D	0.05%
GATO	D	0.05%
IE	C	0.05%
RYI	C	0.05%
HAYN	C	0.05%
PTVE	B	0.04%
MTUS	C	0.04%
METC	C	0.03%
MYE	F	0.03%
ZEUS	C	0.03%
CMP	C	0.03%
CLW	F	0.03%
LXU	B	0.03%
RDUS	C	0.03%
MERC	D	0.02%
KRO	D	0.02%
PACK	B	0.02%
GEF	A	0.02%

FMAT Underweight 276 Positions Relative to APUE

Symbol	Grade	Weight
NVDA	C	-5.86%
AAPL	C	-5.59%
MSFT	F	-5.36%
DFAS	A	-4.94%
AMZN	C	-3.52%
META	D	-2.32%
GOOGL	C	-2.0%
BRK.A	B	-1.8%
TSLA	B	-1.7%
GOOG	C	-1.65%
AVGO	D	-1.52%
JPM	A	-1.47%
LLY	F	-1.26%
UNH	C	-1.07%
XOM	B	-0.98%
PG	A	-0.95%
JNJ	D	-0.89%
WMT	A	-0.88%
COST	B	-0.8%
NFLX	A	-0.66%
CRM	B	-0.64%
V	A	-0.64%
ABBV	D	-0.62%
WFC	A	-0.6%
MA	C	-0.6%
HD	A	-0.59%
ACN	C	-0.57%
QCOM	F	-0.52%
INTU	C	-0.51%
BAC	A	-0.49%
AMD	F	-0.48%
GE	D	-0.48%
ADBE	C	-0.47%
NOW	A	-0.46%
MO	A	-0.45%
SPG	B	-0.45%
APH	A	-0.44%
AMAT	F	-0.43%
ISRG	A	-0.42%
AER	B	-0.42%
AFL	B	-0.41%
ORCL	B	-0.41%
IBM	C	-0.41%
T	A	-0.41%
KO	D	-0.41%
DHR	F	-0.4%
TMUS	B	-0.4%
DUK	C	-0.39%
UNP	C	-0.39%
AXP	A	-0.39%
ETN	A	-0.39%
AWI	A	-0.38%
CSCO	B	-0.38%
C	A	-0.38%
DIS	B	-0.38%
CHDN	B	-0.38%
SYK	C	-0.37%
VZ	C	-0.36%
LOW	D	-0.36%
WTM	A	-0.36%
MUSA	A	-0.36%
BK	A	-0.36%
MRK	F	-0.35%
MDT	D	-0.34%
PCAR	B	-0.33%
PH	A	-0.33%
HCA	F	-0.33%
GS	A	-0.33%
PEP	F	-0.33%
ENTG	D	-0.32%
FI	A	-0.32%
DECK	A	-0.31%
TJX	A	-0.31%
TXN	C	-0.31%
COF	B	-0.31%
CTAS	B	-0.31%
UBER	D	-0.3%
CVX	A	-0.3%
ETR	B	-0.3%
ADI	D	-0.3%
TMO	F	-0.3%
LANC	C	-0.29%
HON	B	-0.29%
CAT	B	-0.29%
EQR	B	-0.29%
PHM	D	-0.29%
GWW	B	-0.28%
WAT	B	-0.28%
MDLZ	F	-0.28%
BR	A	-0.28%
ZBRA	B	-0.27%
BSX	B	-0.27%
URI	B	-0.27%
CMCSA	B	-0.27%
PGR	A	-0.26%
POST	C	-0.26%
SPGI	C	-0.26%
PFE	D	-0.26%
LW	C	-0.26%
SNA	A	-0.26%
BX	A	-0.25%
MAS	D	-0.25%
THG	A	-0.25%
ANET	C	-0.25%
ABT	B	-0.25%
COP	C	-0.24%
PM	B	-0.24%
VICI	C	-0.24%
L	A	-0.24%
GM	B	-0.23%
DHI	D	-0.23%
MCD	D	-0.23%
VRTX	F	-0.23%
CACC	D	-0.23%
QLYS	C	-0.23%
MS	A	-0.23%
JKHY	D	-0.23%
KKR	A	-0.22%
RTX	C	-0.22%
SO	D	-0.22%
LRCX	F	-0.21%
CWST	A	-0.21%
AEP	D	-0.21%
AMT	D	-0.21%
DASH	A	-0.2%
NEE	D	-0.2%
TTC	D	-0.2%
KLAC	D	-0.2%
LEN	D	-0.2%
AMGN	D	-0.2%
REGN	F	-0.2%
TGT	F	-0.2%
FR	D	-0.18%
NI	A	-0.18%
FDX	B	-0.18%
WAB	B	-0.18%
MU	D	-0.18%
PPL	B	-0.18%
BMY	B	-0.18%
CBOE	B	-0.17%
ROP	B	-0.17%
ADP	B	-0.17%
GILD	C	-0.17%
PLD	D	-0.17%
TT	A	-0.17%
PANW	C	-0.17%
IRM	D	-0.16%
TXT	D	-0.16%
TREX	C	-0.16%
ESS	B	-0.15%
PYPL	B	-0.15%
ED	D	-0.15%
ICE	C	-0.15%
DE	A	-0.15%
CCL	B	-0.15%
COIN	C	-0.15%
GRMN	B	-0.15%
CARR	D	-0.15%
EVRG	A	-0.15%
HWM	A	-0.15%
GDDY	A	-0.15%
LEN	D	-0.15%
LMT	D	-0.15%
BRKR	D	-0.14%
WY	D	-0.14%
PEG	A	-0.14%
AIG	B	-0.14%
DOV	A	-0.14%
MTN	C	-0.14%
UNF	B	-0.14%
GEV	B	-0.14%
REYN	D	-0.14%
EMR	A	-0.13%
WELL	A	-0.13%
KMB	D	-0.13%
ZBH	C	-0.13%
MPC	D	-0.13%
CRWD	B	-0.13%
FNF	B	-0.13%
FOX	A	-0.13%
HIG	B	-0.12%
PCG	A	-0.12%
CMG	B	-0.12%
DGX	A	-0.12%
FOXA	B	-0.12%
HOLX	D	-0.12%
CEG	D	-0.11%
ABNB	C	-0.11%
PWR	A	-0.11%
MCK	B	-0.11%
SWKS	F	-0.11%
CPRT	A	-0.11%
CMI	A	-0.11%
SYF	B	-0.11%
KR	B	-0.1%
CAH	B	-0.1%
UPS	C	-0.1%
AEE	A	-0.1%
PLTR	B	-0.1%
SNPS	B	-0.1%
EOG	A	-0.1%
CNNE	B	-0.09%
A	D	-0.09%
STT	A	-0.09%
CABO	C	-0.09%
CL	D	-0.09%
EFX	F	-0.09%
DLR	B	-0.08%
CTSH	B	-0.08%
ARE	D	-0.08%
KHC	F	-0.08%
ALL	A	-0.08%
CCI	D	-0.08%
DRI	B	-0.08%
COR	B	-0.08%
AON	A	-0.08%
ROK	B	-0.08%
AVB	B	-0.08%
ZTS	D	-0.08%
KVUE	A	-0.07%
LNG	B	-0.07%
CRBG	B	-0.07%
GD	F	-0.07%
MKL	A	-0.07%
MPWR	F	-0.07%
BEN	C	-0.07%
CBRE	B	-0.07%
RCL	A	-0.07%
EXR	D	-0.07%
DVN	F	-0.06%
CB	C	-0.06%
ROST	C	-0.06%
SQ	A	-0.06%
NDAQ	A	-0.06%
BA	F	-0.06%
APO	B	-0.06%
VLO	C	-0.06%
CSGP	D	-0.06%
RBLX	C	-0.06%
TW	A	-0.06%
ACGL	D	-0.06%
DAL	C	-0.05%
CVS	D	-0.05%
NTAP	C	-0.05%
RSG	A	-0.05%
J	F	-0.05%
IBKR	A	-0.05%
CVNA	B	-0.05%
DELL	C	-0.05%
GPN	B	-0.05%
EW	C	-0.05%
PSX	C	-0.05%
GEN	B	-0.05%
SLB	C	-0.05%
IR	B	-0.05%
CI	F	-0.05%
NWS	A	-0.05%
PFG	D	-0.04%
EG	C	-0.04%
FSLR	F	-0.04%
ELV	F	-0.04%
HUBB	B	-0.04%
MNST	C	-0.04%
RKT	F	-0.03%
VLTO	D	-0.03%
ADM	D	-0.03%
UAL	A	-0.03%
CNC	D	-0.03%
CTRA	B	-0.03%
SMCI	F	-0.02%
DLTR	F	-0.02%
WPC	D	-0.02%
MSTR	C	-0.02%
GIS	D	-0.01%
DTE	C	-0.01%
HST	C	-0.0%