FMED vs. PWV ETF Comparison

Comparison of Fidelity Disruptive Medicine ETF (FMED) to PowerShares Dynamic LargeCap Value (PWV)

FMED

Fidelity Disruptive Medicine ETF

FMED Description

The fund normally invests at least 80% of assets in securities of disruptive medicine companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.50

Average Daily Volume

5,279

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$59.97

Average Daily Volume

29,704

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMED	PWV
30 Days	-1.92%	0.99%
60 Days	-2.83%	5.07%
90 Days	0.70%	5.53%
12 Months	20.29%	29.28%

1 Overlapping Holdings

	Symbol	Grade	Weight in FMED	Weight in PWV	Overlap
	CNC	F	1.05%	1.09%	1.05%

FMED Overweight 51 Positions Relative to PWV

Symbol	Grade	Weight
BSX	A	6.06%
UNH	B	4.65%
ISRG	A	4.27%
PODD	B	4.01%
DHR	F	3.84%
REGN	F	3.31%
ARGX	B	3.19%
ALNY	D	2.95%
EXAS	F	2.82%
PEN	C	2.58%
SYK	A	2.57%
LFST	B	2.54%
AGL	F	2.11%
INSP	F	2.09%
VEEV	B	2.07%
LEGN	F	2.01%
MASI	B	1.99%
EW	F	1.91%
TMO	F	1.9%
DXCM	C	1.77%
LLY	F	1.73%
PRCT	C	1.71%
ZLAB	C	1.57%
KROS	C	1.42%
PRVA	B	1.37%
GKOS	B	1.37%
JANX	C	1.36%
RMD	C	1.35%
XENE	C	1.27%
RGEN	C	1.27%
CRNX	B	1.23%
BRKR	F	1.2%
PCVX	D	1.19%
CYTK	C	1.17%
TNDM	F	1.11%
DYN	D	0.96%
WST	B	0.94%
DOCS	B	0.93%
PHR	D	0.92%
ASND	F	0.88%
VRTX	B	0.85%
ALGN	D	0.73%
TXG	F	0.67%
DNLI	C	0.45%
IRTC	C	0.45%
NTRA	B	0.45%
ACLX	C	0.44%
DAWN	D	0.43%
NRIX	B	0.43%
BNTX	D	0.39%
ANAB	F	0.24%

FMED Underweight 48 Positions Relative to PWV

Symbol	Grade	Weight
WFC	A	-3.96%
BAC	A	-3.6%
JPM	A	-3.43%
IBM	D	-3.43%
CVX	A	-3.4%
TXN	B	-3.3%
XOM	B	-3.28%
ABBV	F	-3.27%
ABT	C	-3.25%
BRK.A	B	-3.19%
AMGN	F	-3.14%
VZ	D	-3.12%
PG	C	-3.08%
JNJ	D	-3.07%
KO	F	-2.84%
COF	B	-1.78%
MS	A	-1.72%
DELL	C	-1.69%
KMI	B	-1.69%
OKE	A	-1.61%
URI	B	-1.6%
CMI	A	-1.59%
CAT	B	-1.59%
BK	B	-1.58%
JCI	A	-1.57%
PNC	B	-1.56%
T	A	-1.54%
GM	B	-1.54%
KR	A	-1.54%
LHX	B	-1.52%
LNG	B	-1.5%
ET	A	-1.5%
MET	C	-1.48%
PRU	B	-1.43%
AIG	B	-1.4%
CB	C	-1.37%
RTX	D	-1.37%
AFL	C	-1.36%
EOG	A	-1.34%
LMT	D	-1.34%
VLO	C	-1.32%
PSX	C	-1.29%
LEN	D	-1.28%
KMB	D	-1.26%
MPC	D	-1.24%
CI	D	-1.23%
DHI	D	-1.22%
ELV	F	-1.07%