FMCX vs. FDRR ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to Fidelity Dividend ETF for Rising Rates (FDRR)

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.87

Average Daily Volume

146

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDRR

Fidelity Dividend ETF for Rising Rates

FDRR Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Dividend Index for Rising Rates. Normally investing at least 80% of assets in securities included in the Fidelity Dividend Index for Rising Rates and in depository receipts representing securities included in the index. The Fidelity Dividend Index for Rising Rates is designed to reflect the performance of stocks of large and mid-capitalization dividend-paying companies that are expected to continue to pay and grow their dividends and have a positive correlation of returns to increasing 10-year U.S. Treasury yields.

Grade (RS Rating)

Last Trade

$51.24

Average Daily Volume

20,995

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	FDRR
30 Days	3.58%	1.89%
60 Days	6.98%	3.87%
90 Days	6.42%	5.77%
12 Months	25.43%	27.37%

12 Overlapping Holdings

Symbol	Grade	Weight in FMCX	Weight in FDRR	Overlap
AAPL	C	6.93%	7.33%	6.93%
CMCSA	D	1.13%	0.7%	0.7%
HON	D	0.6%	0.76%	0.6%
JPM	D	0.3%	1.83%	0.3%
MCD	B	1.12%	0.97%	0.97%
MO	C	0.84%	0.66%	0.66%
MSFT	C	4.79%	7.11%	4.79%
NKE	D	0.68%	0.62%	0.62%
PG	C	1.3%	1.2%	1.2%
PM	C	1.21%	0.88%	0.88%
UNH	C	6.84%	1.88%	1.88%
V	C	0.21%	1.5%	0.21%

FMCX Overweight 40 Positions Relative to FDRR

Symbol	Grade	Weight
KKR	B	6.14%
IAC	C	5.35%
AMZN	C	5.01%
GDDY	C	4.98%
LBRDK	F	4.24%
LSXMK	D	4.22%
GGG	C	3.98%
PYPL	B	3.9%
MTCH	C	3.18%
LSXMA	D	1.79%
GOOGL	D	1.77%
LBRDA	F	1.74%
YUM	D	1.18%
AMGN	B	1.11%
KEYS	C	1.06%
VUSB	A	0.92%
ICSH	A	0.92%
GILD	B	0.87%
CL	D	0.85%
ENTG	F	0.82%
ARWR	F	0.72%
DHR	B	0.55%
GOOG	D	0.5%
BAX	C	0.47%
YUMC	D	0.42%
MUSA	D	0.4%
SPGI	B	0.37%
MTX	D	0.33%
KEX	C	0.33%
EQR	B	0.3%
MUR	F	0.25%
FWONK	C	0.21%
BKNG	C	0.19%
FLWS	F	0.15%
GD	B	0.13%
BATRK	D	0.11%
PNR	B	0.1%
FWONA	C	0.05%
VMEO	C	0.03%
BATRA	D	0.02%

FMCX Underweight 89 Positions Relative to FDRR

Symbol	Grade	Weight
NVDA	D	-7.38%
AVGO	C	-2.7%
LLY	C	-2.4%
JNJ	C	-1.5%
TXN	C	-1.5%
ABBV	C	-1.48%
IBM	B	-1.44%
HD	B	-1.32%
CSCO	C	-1.3%
DELL	D	-1.29%
MRK	D	-1.21%
BAC	D	-1.2%
HPQ	D	-1.12%
PFE	C	-1.08%
XOM	C	-1.05%
GS	C	-1.04%
GE	B	-1.01%
WFC	D	-1.01%
KO	C	-0.98%
TJX	B	-0.95%
RTX	C	-0.95%
LOW	B	-0.93%
BX	B	-0.93%
BMY	C	-0.91%
MS	D	-0.91%
CAT	B	-0.88%
LMT	C	-0.88%
PEP	C	-0.86%
T	C	-0.86%
PNC	B	-0.86%
VZ	B	-0.85%
C	C	-0.83%
SBUX	C	-0.8%
USB	B	-0.79%
TFC	C	-0.79%
CME	C	-0.78%
GM	C	-0.78%
BBY	C	-0.77%
UNP	C	-0.77%
CVS	D	-0.7%
DE	B	-0.69%
CVX	D	-0.65%
TKO	B	-0.65%
MAR	C	-0.64%
FOXA	B	-0.61%
UPS	D	-0.61%
LIN	B	-0.58%
EA	D	-0.57%
F	F	-0.57%
OMC	B	-0.56%
PCAR	D	-0.55%
NEE	C	-0.55%
NYT	C	-0.53%
NWSA	D	-0.52%
IPG	C	-0.46%
NXST	D	-0.45%
PLD	C	-0.41%
COP	D	-0.4%
WMG	D	-0.38%
TRGP	B	-0.38%
SO	B	-0.38%
DUK	C	-0.36%
PARA	F	-0.35%
PSA	B	-0.34%
EOG	D	-0.33%
SPG	B	-0.32%
GEV	B	-0.32%
AEP	C	-0.31%
NEM	B	-0.31%
D	C	-0.29%
CCI	C	-0.29%
VICI	C	-0.27%
OHI	B	-0.27%
EIX	C	-0.26%
APD	B	-0.26%
FCX	D	-0.25%
EXC	C	-0.25%
GLPI	C	-0.23%
DVN	F	-0.22%
WY	C	-0.22%
WPC	C	-0.21%
IFF	B	-0.21%
IP	B	-0.21%
DOW	D	-0.19%
AMCR	B	-0.18%
LYB	D	-0.17%
CIVI	F	-0.16%
WBA	F	-0.16%
MOS	F	-0.13%