FMAT vs. IFRA ETF Comparison

Comparison of Fidelity MSCI Materials Index ETF (FMAT) to iShares U.S. Infrastructure ETF (IFRA)

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

$54.01

Average Daily Volume

33,943

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.22

Average Daily Volume

310,420

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

Performance

Period	FMAT	IFRA
30 Days	0.02%	8.33%
60 Days	1.58%	9.82%
90 Days	3.81%	13.63%
12 Months	21.02%	39.72%

32 Overlapping Holdings

Symbol	Grade	Weight in FMAT	Weight in IFRA	Overlap
ASIX	A	0.06%	0.55%	0.06%
ATI	D	0.49%	0.48%	0.48%
CENX	B	0.08%	0.89%	0.08%
CLF	F	0.4%	0.5%	0.4%
CMC	B	0.48%	0.58%	0.48%
CMP	C	0.03%	0.84%	0.03%
CRS	A	0.57%	0.65%	0.57%
ECVT	C	0.06%	0.59%	0.06%
EMN	D	0.83%	0.51%	0.51%
EXP	A	0.73%	0.61%	0.61%
HWKN	B	0.17%	0.53%	0.17%
KALU	C	0.09%	0.57%	0.09%
KNF	A	0.36%	0.65%	0.36%
KOP	C	0.06%	0.49%	0.06%
LPX	B	0.51%	0.59%	0.51%
LXU	B	0.03%	0.59%	0.03%
LYB	F	1.51%	0.42%	0.42%
MATV	D	0.05%	0.34%	0.05%
MLM	B	2.54%	0.56%	0.56%
MTUS	C	0.04%	0.48%	0.04%
NGVT	B	0.11%	0.66%	0.11%
NUE	C	2.46%	0.52%	0.52%
OLN	D	0.35%	0.48%	0.35%
RS	B	1.25%	0.56%	0.56%
RYI	C	0.05%	0.65%	0.05%
STLD	B	1.44%	0.62%	0.62%
SUM	B	0.42%	0.68%	0.42%
USLM	A	0.11%	0.94%	0.11%
VMC	B	2.62%	0.58%	0.58%
WLK	D	0.34%	0.46%	0.34%
X	C	0.57%	0.62%	0.57%
ZEUS	C	0.03%	0.52%	0.03%

FMAT Overweight 78 Positions Relative to IFRA

Symbol	Grade	Weight
LIN	D	15.3%
SHW	A	6.57%
APD	A	4.93%
ECL	D	4.47%
FCX	D	4.36%
NEM	D	3.29%
CTVA	C	2.81%
DD	D	2.44%
DOW	F	2.2%
PPG	F	2.03%
SW	A	1.84%
IFF	D	1.6%
PKG	A	1.49%
BALL	D	1.35%
IP	B	1.32%
RPM	A	1.23%
AVY	D	1.13%
CF	B	1.1%
AMCR	D	1.03%
ALB	C	0.84%
ATR	B	0.81%
CCK	C	0.76%
AA	B	0.68%
RGLD	C	0.65%
AXTA	A	0.63%
GPK	C	0.61%
MOS	F	0.59%
CE	F	0.57%
BERY	B	0.53%
FMC	D	0.49%
ESI	A	0.46%
CBT	C	0.42%
BCPC	B	0.4%
SON	D	0.35%
SEE	C	0.35%
AVNT	B	0.33%
SLGN	A	0.32%
FUL	F	0.29%
NEU	C	0.27%
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%
CDE	D	0.17%
MP	B	0.16%
OI	C	0.14%
GEF	A	0.12%
PRM	C	0.12%
SCL	C	0.12%
WS	B	0.1%
TROX	D	0.09%
PCT	C	0.09%
ASPN	F	0.07%
TRS	B	0.07%
OEC	C	0.07%
SXC	A	0.07%
GATO	D	0.05%
IE	C	0.05%
HAYN	C	0.05%
PTVE	B	0.04%
METC	C	0.03%
MYE	F	0.03%
CLW	F	0.03%
RDUS	C	0.03%
MERC	F	0.02%
KRO	D	0.02%
PACK	B	0.02%
GEF	A	0.02%

FMAT Underweight 117 Positions Relative to IFRA

Symbol	Grade	Weight
VST	B	-1.43%
CEG	D	-0.92%
DTM	B	-0.91%
KNTK	B	-0.89%
STRL	B	-0.87%
KMI	A	-0.86%
WMB	A	-0.85%
PRIM	A	-0.82%
AGX	B	-0.82%
ROAD	A	-0.81%
OKE	A	-0.81%
MYRG	B	-0.8%
NRG	B	-0.8%
ETR	B	-0.79%
LMB	A	-0.78%
FIX	A	-0.77%
MGEE	C	-0.76%
TXNM	A	-0.75%
CNP	B	-0.74%
ATO	A	-0.73%
IDA	A	-0.73%
SRE	A	-0.73%
PEG	A	-0.73%
AEE	A	-0.72%
XEL	A	-0.72%
NI	A	-0.72%
ENLC	A	-0.71%
OGS	A	-0.71%
EME	C	-0.71%
NWN	A	-0.7%
CPK	A	-0.7%
MTZ	B	-0.7%
AM	A	-0.7%
OGE	B	-0.7%
GBX	A	-0.69%
PPL	B	-0.69%
PNW	B	-0.68%
MTRX	B	-0.68%
WEC	A	-0.68%
SR	A	-0.68%
LNT	A	-0.68%
EVRG	A	-0.68%
MLI	C	-0.67%
MSEX	B	-0.67%
NSC	B	-0.67%
PCG	A	-0.67%
CSX	B	-0.67%
BKH	A	-0.67%
GLDD	B	-0.66%
PWR	A	-0.66%
AWR	B	-0.66%
GVA	A	-0.66%
NWE	B	-0.66%
NWPX	A	-0.65%
AGR	B	-0.65%
D	C	-0.65%
EXC	C	-0.65%
UTL	B	-0.65%
TPC	C	-0.64%
EIX	B	-0.64%
DTE	C	-0.64%
WTRG	B	-0.64%
ALE	A	-0.64%
AVA	A	-0.64%
CMS	C	-0.64%
HEES	B	-0.63%
LXFR	C	-0.63%
POR	C	-0.63%
APOG	B	-0.63%
SO	D	-0.63%
BXC	B	-0.63%
AWI	A	-0.62%
DUK	C	-0.62%
ED	D	-0.61%
UNP	C	-0.61%
AEP	D	-0.61%
VMI	B	-0.61%
AWK	D	-0.61%
HE	C	-0.61%
NEE	D	-0.61%
SJW	D	-0.6%
CWT	D	-0.6%
OC	A	-0.6%
FE	C	-0.6%
ES	D	-0.59%
ARTNA	D	-0.59%
URI	B	-0.59%
YORW	D	-0.59%
FLR	B	-0.59%
AZEK	A	-0.58%
ASTE	B	-0.58%
ACM	A	-0.57%
TRN	C	-0.57%
TREX	C	-0.55%
BWMN	C	-0.55%
OSK	B	-0.54%
APG	B	-0.54%
BCC	B	-0.54%
SWX	B	-0.54%
NFE	D	-0.54%
CSL	C	-0.53%
SSD	D	-0.51%
ROCK	C	-0.51%
TEX	D	-0.51%
AESI	B	-0.51%
XPEL	C	-0.51%
POOL	C	-0.51%
BLDR	D	-0.5%
BLD	D	-0.48%
NVEE	F	-0.47%
J	F	-0.46%
IIIN	C	-0.46%
WMS	D	-0.44%
WOR	F	-0.44%
MDU	D	-0.37%
NVRI	F	-0.33%
TTEK	F	-0.09%