FMDE vs. MMSC ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to First Trust Multi-Manager Small (MMSC)

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

$34.97

Average Daily Volume

149,789

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$22.50

Average Daily Volume

7,151

Number of Holdings ^*

184

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	MMSC
30 Days	8.08%	8.80%
60 Days	9.45%	9.28%
90 Days	11.70%	11.33%
12 Months	39.69%	44.17%

19 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in MMSC	Overlap
ALSN	B	0.37%	0.42%	0.37%
ANF	C	0.45%	0.24%	0.24%
AXON	A	0.67%	1.46%	0.67%
BWXT	B	0.47%	0.32%	0.32%
CVNA	B	0.75%	0.7%	0.7%
CW	B	0.59%	0.8%	0.59%
EME	C	0.31%	0.34%	0.31%
EXEL	B	0.52%	0.7%	0.52%
FIX	A	0.38%	0.55%	0.38%
FLS	B	0.21%	0.68%	0.21%
FTI	A	0.12%	0.96%	0.12%
LSCC	D	0.01%	0.28%	0.01%
MANH	D	0.54%	0.8%	0.54%
MEDP	D	0.45%	0.43%	0.43%
MKTX	D	0.19%	0.48%	0.19%
NTNX	A	0.33%	0.4%	0.33%
NTRA	B	0.05%	0.9%	0.05%
TOST	B	0.69%	0.4%	0.4%
VIRT	B	0.06%	0.51%	0.06%

FMDE Overweight 273 Positions Relative to MMSC

Symbol	Grade	Weight
WMB	A	1.12%
BK	A	0.99%
SQ	B	0.97%
SPG	B	0.96%
CMI	A	0.94%
VST	B	0.94%
HWM	A	0.89%
PRU	A	0.85%
MSCI	C	0.84%
UAL	A	0.79%
RJF	A	0.78%
CAH	B	0.74%
EXPE	B	0.73%
KR	B	0.73%
STT	A	0.72%
RBLX	C	0.72%
WTW	B	0.72%
ROST	C	0.71%
VEEV	C	0.71%
TWLO	A	0.67%
ZM	B	0.67%
PPG	F	0.66%
CSGP	D	0.66%
DOCU	A	0.65%
NRG	B	0.65%
CLX	B	0.65%
NVR	D	0.65%
KEY	B	0.65%
CCL	B	0.65%
NTAP	C	0.64%
VICI	C	0.63%
AIZ	A	0.63%
FIS	C	0.63%
TOL	B	0.62%
EQH	B	0.62%
EIX	B	0.61%
IDXX	F	0.61%
HUBS	A	0.61%
HPE	B	0.61%
NUE	C	0.6%
AMP	A	0.6%
INCY	C	0.6%
CCI	D	0.6%
LDOS	C	0.6%
TXT	D	0.59%
HUBB	B	0.59%
LNG	B	0.59%
SSNC	B	0.59%
EA	A	0.58%
ALLE	D	0.58%
DD	D	0.58%
LYFT	C	0.57%
CNC	D	0.57%
ALL	A	0.57%
DBX	B	0.56%
DKNG	B	0.56%
TRGP	B	0.56%
FTV	C	0.54%
PYPL	B	0.54%
GL	B	0.54%
FFIV	B	0.54%
CNP	B	0.52%
CTAS	B	0.52%
UNM	A	0.52%
GRMN	B	0.52%
DCI	B	0.52%
COR	B	0.51%
TPR	B	0.51%
GILD	C	0.51%
MPWR	F	0.51%
QRVO	F	0.5%
MSI	B	0.5%
CACI	D	0.49%
GAP	C	0.49%
AMH	D	0.49%
ECL	D	0.49%
CCK	C	0.48%
TDC	D	0.48%
TT	A	0.48%
BURL	A	0.48%
AXTA	A	0.47%
STLD	B	0.47%
BERY	B	0.46%
PSA	D	0.46%
BRX	A	0.45%
NYT	C	0.45%
HLT	A	0.45%
SWKS	F	0.45%
PEGA	A	0.45%
NDAQ	A	0.44%
CRUS	D	0.44%
SNX	C	0.44%
LNW	D	0.44%
NBIX	C	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
GWW	B	0.42%
CL	D	0.42%
EVRG	A	0.41%
NVT	B	0.41%
HIG	B	0.4%
AME	A	0.4%
SOLV	C	0.39%
AM	A	0.39%
CPNG	D	0.39%
EEFT	B	0.38%
PCAR	B	0.38%
IGT	F	0.38%
DHI	D	0.37%
VMI	B	0.37%
KLAC	D	0.36%
PCG	A	0.36%
SYF	B	0.36%
HXL	D	0.35%
UTHR	C	0.35%
LPX	B	0.35%
ZION	B	0.34%
RNG	B	0.34%
SEE	C	0.34%
DUOL	A	0.33%
IQV	D	0.33%
GIS	D	0.33%
WCC	B	0.33%
WU	D	0.33%
UHS	D	0.32%
BLD	D	0.32%
EBAY	D	0.32%
Z	A	0.32%
COIN	C	0.31%
CPAY	A	0.31%
DVN	F	0.31%
AYI	B	0.31%
RS	B	0.3%
APP	B	0.3%
LEN	D	0.29%
GDDY	A	0.29%
EQR	B	0.29%
RGA	A	0.28%
MGM	D	0.28%
XEL	A	0.28%
MTDR	B	0.28%
GLPI	C	0.27%
IFF	D	0.27%
BAH	F	0.27%
CBOE	B	0.27%
DXCM	D	0.27%
A	D	0.27%
ELAN	D	0.27%
FANG	D	0.26%
ZG	A	0.26%
BMY	B	0.26%
ZBRA	B	0.25%
PLTK	B	0.25%
BILL	A	0.25%
BRO	B	0.25%
CDW	F	0.25%
INGR	B	0.24%
LHX	C	0.24%
SEIC	B	0.24%
CFG	B	0.23%
OC	A	0.23%
GTES	A	0.23%
TW	A	0.22%
HRB	D	0.22%
MTB	A	0.22%
HES	B	0.22%
SBAC	D	0.22%
KMB	D	0.22%
DFS	B	0.21%
PCTY	B	0.21%
HII	D	0.21%
ADTN	A	0.2%
GPN	B	0.2%
DKS	C	0.2%
BLDR	D	0.2%
RCL	A	0.18%
NWSA	B	0.18%
NOC	D	0.18%
ACM	A	0.17%
MKL	A	0.16%
DASH	A	0.16%
WWD	B	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	D	0.15%
KD	B	0.15%
GXO	B	0.14%
TPL	A	0.14%
KMI	A	0.14%
CINF	A	0.13%
ATI	D	0.13%
ANSS	B	0.13%
REG	B	0.13%
CHDN	B	0.12%
ITT	A	0.12%
AES	F	0.12%
WSM	B	0.11%
CBSH	A	0.11%
MORN	B	0.11%
IBKR	A	0.11%
GEHC	F	0.11%
NWS	B	0.11%
EXC	C	0.11%
SYY	B	0.11%
ROP	B	0.1%
CTRE	D	0.1%
LUV	C	0.1%
AWK	D	0.1%
VLTO	D	0.1%
CTRA	B	0.1%
AXS	A	0.09%
ACGL	D	0.09%
ES	D	0.09%
LPLA	A	0.09%
LEG	F	0.08%
XRAY	F	0.08%
MCHP	D	0.08%
WBD	C	0.08%
VSTS	C	0.07%
JHG	A	0.07%
CWEN	C	0.07%
ADM	D	0.07%
MSA	D	0.07%
AMT	D	0.06%
CI	F	0.06%
DTE	C	0.06%
WDAY	B	0.06%
FR	C	0.06%
EG	C	0.06%
TNL	A	0.06%
HUM	C	0.06%
L	A	0.06%
NSC	B	0.06%
CSL	C	0.05%
WEN	D	0.05%
EGP	F	0.05%
PHM	D	0.05%
TXG	F	0.05%
DAL	C	0.05%
OGE	B	0.04%
BBWI	D	0.04%
DGX	A	0.04%
BIIB	F	0.04%
CWEN	C	0.04%
ULTA	F	0.04%
U	C	0.04%
K	A	0.04%
CF	B	0.03%
BBY	D	0.03%
EPR	D	0.03%
REYN	D	0.03%
AKAM	D	0.03%
TXRH	C	0.03%
BMRN	D	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
JAZZ	B	0.02%
QGEN	D	0.02%
POST	C	0.02%
AFL	B	0.02%
AJG	B	0.02%
OVV	B	0.02%
ED	D	0.02%
HAL	C	0.02%
MRO	B	0.02%
STAG	F	0.01%
OKE	A	0.01%
HPQ	B	0.01%
SWK	D	0.01%
HOOD	B	0.01%
ARW	D	0.01%

FMDE Underweight 165 Positions Relative to MMSC

Symbol	Grade	Weight
CYBR	B	-1.74%
BRBR	A	-1.64%
AAON	B	-1.39%
CRNX	C	-1.33%
SGBX	F	-1.28%
VRNS	D	-1.24%
MOD	A	-1.04%
COHR	B	-1.0%
PLMR	B	-0.98%
SFM	A	-0.98%
KTOS	B	-0.91%
AVAV	D	-0.89%
FRPT	B	-0.85%
GKOS	B	-0.84%
HQY	B	-0.84%
RBC	A	-0.81%
RYAN	B	-0.78%
CWAN	B	-0.78%
GWRE	A	-0.77%
PCVX	D	-0.71%
MGNI	A	-0.71%
EZPW	A	-0.7%
XENE	D	-0.69%
KNF	A	-0.69%
MNDY	C	-0.68%
HEI	B	-0.67%
PIPR	B	-0.66%
CVLT	B	-0.66%
RVLV	B	-0.66%
GMED	A	-0.66%
LGND	B	-0.66%
FN	D	-0.65%
VSEC	C	-0.64%
SPSC	C	-0.63%
ERJ	B	-0.63%
MGY	A	-0.62%
CR	A	-0.61%
FCN	D	-0.6%
TTEK	F	-0.57%
SUPN	C	-0.56%
VRT	B	-0.56%
WULF	C	-0.56%
BCPC	B	-0.56%
SITM	B	-0.55%
ECPG	B	-0.55%
ITRI	B	-0.54%
MMS	F	-0.54%
UEC	B	-0.54%
HALO	F	-0.53%
MTSI	B	-0.52%
WING	D	-0.52%
KNSL	B	-0.51%
UPST	B	-0.51%
SKY	A	-0.51%
LTH	C	-0.51%
OLLI	D	-0.5%
HUBG	A	-0.5%
PZZA	D	-0.5%
SITE	D	-0.49%
BROS	B	-0.48%
POWL	C	-0.48%
ICFI	F	-0.47%
STRL	B	-0.47%
ITGR	B	-0.47%
BFAM	D	-0.46%
CRS	A	-0.46%
KMPR	B	-0.46%
KRNT	C	-0.46%
AZEK	A	-0.45%
TMDX	F	-0.45%
EVR	B	-0.45%
ZETA	D	-0.44%
PSN	D	-0.44%
RGEN	D	-0.44%
ASO	F	-0.43%
WVE	C	-0.43%
SMTC	B	-0.42%
TREX	C	-0.42%
INTA	A	-0.41%
WAL	B	-0.41%
ACHC	F	-0.4%
KYMR	D	-0.4%
SKWD	A	-0.4%
LAD	A	-0.4%
GLOB	B	-0.39%
WIX	B	-0.39%
BOOT	D	-0.39%
RARE	D	-0.39%
NUVL	D	-0.39%
RNA	D	-0.39%
ONTO	D	-0.38%
SAIA	B	-0.38%
FSS	B	-0.38%
BLFS	C	-0.38%
VERX	B	-0.38%
RYTM	C	-0.37%
RBRK	A	-0.37%
TENB	C	-0.36%
TECH	D	-0.36%
HSTM	B	-0.35%
S	B	-0.35%
LNN	B	-0.35%
MOG.A	B	-0.35%
CRDO	B	-0.35%
AZTA	D	-0.34%
TNDM	F	-0.34%
PRO	C	-0.34%
NEOG	F	-0.34%
BMI	B	-0.33%
IRTC	D	-0.33%
FWRG	C	-0.32%
TBBK	B	-0.32%
ITCI	C	-0.32%
CIEN	B	-0.32%
IBP	D	-0.31%
RMBS	C	-0.31%
ALTR	B	-0.31%
LASR	D	-0.31%
RXO	C	-0.3%
MRUS	F	-0.3%
LRN	A	-0.3%
PSTG	D	-0.29%
HCI	C	-0.28%
ALKT	B	-0.28%
SDGR	C	-0.28%
AIT	A	-0.28%
SHAK	C	-0.27%
ROAD	A	-0.27%
CHEF	A	-0.27%
POWI	D	-0.27%
AMRC	F	-0.26%
MEG	F	-0.26%
JBT	B	-0.26%
COMP	B	-0.26%
WHD	B	-0.26%
CGNX	C	-0.25%
QNST	B	-0.25%
GNRC	B	-0.25%
AMBA	B	-0.25%
PI	D	-0.24%
BECN	B	-0.24%
SLAB	D	-0.23%
EWTX	C	-0.23%
MTH	D	-0.23%
ESI	A	-0.23%
LNTH	D	-0.22%
FIVE	F	-0.22%
BRZE	C	-0.22%
TVTX	B	-0.21%
AGYS	A	-0.2%
ICLR	D	-0.19%
MAX	F	-0.17%
KRYS	B	-0.16%
CLSK	C	-0.16%
ENVX	F	-0.15%
DNUT	D	-0.15%
PAY	B	-0.14%
OSCR	D	-0.13%
PTCT	B	-0.13%
RKLB	B	-0.13%
PODD	C	-0.12%
CELH	F	-0.1%
CSWI	A	-0.07%
INSM	C	-0.06%
ASPN	F	-0.04%