FMDE vs. BRNY ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Burney U.S. Factor Rotation ETF (BRNY)

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.38

Average Daily Volume

142,847

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

BRNY

Burney U.S. Factor Rotation ETF

BRNY Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks long term growth of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock. The fund will invest its assets in common stocks of large, mid, and small-capitalization companies.

Grade (RS Rating)

Last Trade

$42.97

Average Daily Volume

8,426

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	BRNY
30 Days	5.11%	5.38%
60 Days	10.23%	11.81%
90 Days	13.39%	13.90%
12 Months		43.96%

33 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in BRNY	Overlap
ACGL	D	0.09%	0.25%	0.09%
ALL	A	0.56%	0.48%	0.48%
ALSN	A	0.48%	0.56%	0.48%
APP	B	0.6%	1.85%	0.6%
BK	B	0.96%	0.47%	0.47%
BURL	C	0.46%	0.48%	0.46%
CACI	C	0.6%	0.52%	0.52%
CBOE	D	0.26%	0.49%	0.26%
CNC	F	0.56%	0.33%	0.33%
COR	A	0.58%	4.56%	0.58%
DOCU	B	0.7%	0.54%	0.54%
EA	A	0.71%	0.78%	0.71%
EBAY	C	0.33%	0.49%	0.33%
EME	B	0.31%	1.12%	0.31%
EXEL	B	0.53%	2.63%	0.53%
HWM	A	0.88%	0.85%	0.85%
INCY	B	0.62%	0.54%	0.54%
KLAC	F	0.37%	0.21%	0.21%
KMI	B	0.14%	0.51%	0.14%
NTAP	D	0.63%	0.48%	0.48%
NVT	B	0.42%	0.23%	0.23%
PHM	D	0.05%	0.41%	0.05%
PLTR	B	0.38%	0.85%	0.38%
ROST	F	0.76%	0.25%	0.25%
SPG	B	0.92%	0.53%	0.53%
SYF	B	0.5%	0.54%	0.5%
TOL	C	0.61%	4.22%	0.61%
TRGP	B	0.54%	0.57%	0.54%
TT	A	0.47%	3.94%	0.47%
TXRH	A	0.06%	4.8%	0.06%
UTHR	B	0.39%	0.5%	0.39%
VICI	D	0.6%	0.44%	0.44%
WAB	A	0.43%	3.89%	0.43%

FMDE Overweight 251 Positions Relative to BRNY

Symbol	Grade	Weight
WMB	B	1.08%
SQ	B	0.96%
VST	B	0.89%
CMI	A	0.89%
MSCI	B	0.84%
PRU	B	0.82%
TOST	A	0.77%
VEEV	B	0.77%
LDOS	B	0.76%
RJF	A	0.76%
RBLX	B	0.76%
UAL	B	0.76%
ZM	B	0.75%
CVNA	B	0.75%
KR	A	0.74%
CAH	A	0.74%
EXPE	B	0.73%
LYFT	B	0.72%
WTW	A	0.72%
STT	B	0.7%
CSGP	D	0.67%
NVR	D	0.66%
HPE	B	0.66%
AXON	B	0.65%
TWLO	A	0.65%
KEY	B	0.64%
PPG	F	0.64%
CCL	A	0.64%
HUBS	B	0.63%
CW	B	0.63%
EQH	B	0.63%
NRG	B	0.63%
CLX	A	0.62%
NUE	C	0.61%
FIS	B	0.61%
TXT	C	0.6%
EIX	C	0.59%
HUBB	B	0.59%
SSNC	C	0.59%
AIZ	A	0.59%
LNG	B	0.58%
ALLE	D	0.58%
DBX	B	0.58%
CCI	F	0.58%
DHI	F	0.58%
AMP	A	0.58%
DD	D	0.57%
MANH	C	0.56%
IDXX	D	0.56%
MPWR	F	0.55%
PYPL	A	0.54%
FFIV	A	0.54%
GILD	C	0.54%
DKNG	B	0.54%
CTAS	A	0.53%
FTV	D	0.53%
GL	B	0.53%
PEGA	A	0.52%
DCI	A	0.52%
GRMN	A	0.52%
UNM	A	0.51%
MEDP	C	0.51%
CNP	B	0.5%
MSI	B	0.5%
CCK	D	0.49%
GAP	B	0.49%
LNW	F	0.48%
AMH	C	0.48%
BWXT	A	0.47%
STLD	B	0.47%
NBIX	C	0.47%
TDC	D	0.47%
BERY	C	0.46%
SWKS	F	0.46%
NYT	C	0.46%
CRUS	F	0.45%
ECL	C	0.45%
UHS	D	0.45%
TPR	B	0.45%
AXTA	A	0.45%
SNX	C	0.44%
PSA	C	0.44%
HLT	A	0.44%
VMC	B	0.43%
NDAQ	A	0.43%
BRX	A	0.43%
ANF	D	0.43%
GWW	B	0.42%
IGT	D	0.41%
CL	F	0.4%
EVRG	A	0.4%
SOLV	D	0.4%
CPNG	B	0.39%
HIG	C	0.39%
PCAR	B	0.39%
EEFT	C	0.38%
FIX	B	0.38%
AM	B	0.38%
VMI	B	0.37%
QRVO	F	0.36%
PCG	A	0.36%
IQV	F	0.36%
RNG	B	0.35%
HXL	D	0.35%
LPX	B	0.34%
BAH	C	0.34%
BRO	A	0.34%
SEE	C	0.34%
NTNX	B	0.34%
Z	B	0.33%
GIS	F	0.33%
ZION	B	0.33%
AYI	B	0.32%
WU	F	0.32%
WCC	B	0.32%
BLD	F	0.32%
CPAY	A	0.31%
DVN	F	0.3%
RS	B	0.3%
GDDY	A	0.29%
PLTK	B	0.29%
A	F	0.28%
LEN	D	0.28%
EQR	C	0.28%
ELAN	D	0.28%
BMY	B	0.27%
RGA	A	0.27%
IFF	F	0.27%
MTDR	C	0.27%
XEL	A	0.27%
ZBRA	A	0.26%
BILL	A	0.26%
GLPI	D	0.26%
ZG	B	0.26%
LHX	A	0.25%
FANG	D	0.25%
AME	A	0.25%
INGR	B	0.25%
PCTY	A	0.23%
GTES	B	0.23%
SEIC	A	0.23%
MTB	B	0.22%
SBAC	D	0.22%
HII	D	0.22%
OC	A	0.22%
CFG	B	0.22%
FLS	B	0.21%
HES	C	0.21%
TW	C	0.21%
DFS	B	0.21%
HRB	D	0.21%
KMB	F	0.21%
NOC	C	0.2%
CDW	F	0.2%
DXCM	C	0.19%
DKS	F	0.19%
ADTN	B	0.19%
GPN	B	0.19%
MKTX	C	0.19%
BLDR	D	0.19%
ACM	B	0.18%
RCL	A	0.18%
NWSA	B	0.18%
DASH	A	0.16%
USFD	A	0.16%
WWD	B	0.16%
SAM	B	0.15%
KD	A	0.15%
TPL	B	0.14%
REG	A	0.13%
ANSS	B	0.13%
ATI	D	0.13%
DUOL	B	0.13%
MORN	B	0.12%
ITT	A	0.12%
FTI	B	0.12%
CHDN	C	0.12%
AES	F	0.12%
CINF	A	0.12%
CBSH	A	0.11%
IBKR	A	0.11%
EXC	C	0.11%
COIN	B	0.11%
GEHC	F	0.11%
NWS	B	0.11%
SYY	B	0.11%
LUV	B	0.1%
CTRA	B	0.1%
ROP	A	0.1%
WSM	F	0.1%
VLTO	C	0.1%
LPLA	B	0.09%
AWK	D	0.09%
WBD	B	0.08%
LEG	F	0.08%
MGM	D	0.08%
MCHP	F	0.08%
AXS	A	0.08%
ES	D	0.08%
ADM	F	0.07%
JHG	B	0.07%
KEX	B	0.07%
VSTS	D	0.07%
MSA	D	0.07%
DGX	A	0.06%
FR	C	0.06%
CI	D	0.06%
VIRT	B	0.06%
WDAY	B	0.06%
TNL	A	0.06%
L	A	0.06%
TXG	F	0.06%
CWEN	D	0.06%
CSL	B	0.05%
AFG	A	0.05%
NTRA	B	0.05%
WEN	C	0.05%
EGP	C	0.05%
AMT	F	0.05%
DAL	A	0.05%
DTE	D	0.05%
OGE	B	0.04%
CWEN	D	0.04%
BIIB	F	0.04%
ULTA	C	0.04%
K	A	0.04%
BBY	D	0.03%
EPR	D	0.03%
DOC	C	0.03%
REYN	D	0.03%
CNM	D	0.03%
AKAM	F	0.03%
SF	B	0.03%
CBRE	A	0.03%
BMRN	F	0.03%
QGEN	D	0.02%
JAZZ	B	0.02%
AFL	C	0.02%
POST	D	0.02%
OVV	C	0.02%
AJG	A	0.02%
ED	D	0.02%
MRO	B	0.02%
HAL	C	0.02%
CF	B	0.02%
STAG	D	0.01%
LSCC	D	0.01%
HPQ	B	0.01%
HOOD	B	0.01%
SWK	F	0.01%
ARW	F	0.01%

FMDE Underweight 45 Positions Relative to BRNY

Symbol	Grade	Weight
FTNT	B	-6.07%
NVDA	B	-5.35%
META	B	-5.02%
AAPL	C	-4.42%
PGR	A	-3.75%
PANW	A	-3.22%
GOOGL	B	-2.91%
MCO	C	-2.6%
G	B	-2.06%
NFLX	A	-1.81%
BRBR	A	-1.75%
QCOM	F	-1.56%
ANET	C	-1.51%
COLL	F	-1.34%
APH	B	-1.3%
UGI	D	-1.09%
VERX	B	-1.01%
DOCS	B	-1.01%
SFM	B	-0.75%
CORT	B	-0.73%
YOU	D	-0.62%
MS	A	-0.52%
WING	D	-0.51%
WFC	A	-0.51%
EXP	B	-0.5%
GWRE	A	-0.49%
JPM	B	-0.49%
PRG	B	-0.49%
VRTX	B	-0.48%
LII	B	-0.47%
AER	C	-0.47%
AVGO	C	-0.47%
ALNY	D	-0.46%
LIN	D	-0.46%
TGTX	B	-0.46%
GRBK	D	-0.46%
AMAT	F	-0.42%
SN	C	-0.42%
ETN	A	-0.39%
JAMF	F	-0.37%
MMC	C	-0.36%
TPH	D	-0.36%
LOPE	B	-0.3%
TSCO	C	-0.25%
DFIN	D	-0.24%