FNCL vs. DFND ETF Comparison

Comparison of Fidelity MSCI Financials Index ETF (FNCL) to Realty Shares DIVCON Dividend Defender ETF (DFND)

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials 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 Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.50

Average Daily Volume

91,166

Number of Holdings ^*

374

* may have additional holdings in another (foreign) market

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.12

Average Daily Volume

417

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNCL	DFND
30 Days	3.12%	10.92%
60 Days	3.72%	8.27%
90 Days	10.08%	8.64%
12 Months	32.38%	15.79%

12 Overlapping Holdings

Symbol	Grade	Weight in FNCL	Weight in DFND	Overlap
AON	B	0.95%	1.44%	0.95%
BRO	B	0.34%	2.1%	0.34%
CB	B	1.55%	1.44%	1.44%
CBOE	B	0.31%	1.36%	0.31%
CME	B	1.11%	1.23%	1.11%
FDS	C	0.23%	1.97%	0.23%
GL	C	0.13%	0.93%	0.13%
MA	A	5.71%	1.66%	1.66%
MCO	B	1.11%	1.9%	1.11%
MMC	A	1.59%	1.3%	1.3%
MSCI	C	0.63%	1.28%	0.63%
V	A	6.31%	2.49%	2.49%

FNCL Overweight 362 Positions Relative to DFND

Symbol	Grade	Weight
BRK.A	C	8.46%
JPM	D	8.39%
BAC	D	3.87%
WFC	F	2.64%
SPGI	A	2.33%
GS	D	2.15%
PGR	B	2.06%
AXP	B	2.06%
BLK	A	1.84%
MS	D	1.67%
C	D	1.55%
BX	A	1.44%
SCHW	D	1.35%
ICE	B	1.29%
KKR	B	1.04%
PNC	B	1.0%
USB	C	0.99%
PYPL	B	0.97%
AJG	A	0.91%
AFL	B	0.82%
TFC	D	0.79%
TRV	A	0.75%
COF	D	0.74%
BK	A	0.71%
ALL	A	0.69%
AIG	D	0.68%
FIS	A	0.66%
MET	B	0.64%
AMP	B	0.61%
APO	C	0.61%
PRU	C	0.59%
ACGL	A	0.58%
SQ	D	0.5%
HIG	B	0.48%
DFS	C	0.46%
NDAQ	B	0.44%
WTW	B	0.42%
COIN	F	0.42%
FITB	B	0.4%
MTB	B	0.39%
GPN	C	0.39%
ARES	C	0.37%
STT	B	0.35%
TROW	D	0.33%
RJF	C	0.32%
CINF	B	0.3%
RF	C	0.29%
CPAY	C	0.29%
HBAN	B	0.29%
MKL	C	0.28%
SYF	D	0.26%
CFG	C	0.26%
PFG	C	0.26%
FCNCA	D	0.26%
WRB	C	0.25%
NTRS	B	0.25%
EG	B	0.23%
LPLA	F	0.22%
FNF	B	0.21%
L	C	0.21%
KEY	B	0.21%
RGA	B	0.2%
TW	A	0.19%
RNR	B	0.19%
IBKR	B	0.18%
ERIE	B	0.18%
JKHY	A	0.18%
EQH	C	0.18%
EWBC	D	0.16%
AIZ	C	0.15%
HOOD	C	0.15%
MKTX	C	0.14%
AFRM	C	0.14%
AFG	B	0.14%
KNSL	C	0.14%
CG	D	0.13%
ALLY	F	0.13%
PRI	B	0.13%
ORI	B	0.13%
TOST	C	0.13%
JEF	B	0.13%
WAL	B	0.12%
FHN	C	0.12%
MORN	C	0.12%
EVR	B	0.12%
SF	B	0.12%
UNM	B	0.12%
CMA	B	0.11%
VOYA	A	0.11%
WBS	D	0.11%
HLI	A	0.11%
OWL	C	0.11%
WEX	C	0.11%
PB	B	0.1%
WTFC	C	0.1%
PNFP	B	0.1%
SSB	B	0.1%
BPOP	C	0.1%
SEIC	C	0.1%
AGNC	A	0.1%
CBSH	B	0.1%
SOFI	C	0.1%
RYAN	C	0.09%
CFR	C	0.09%
SNV	C	0.09%
AXS	B	0.09%
MTG	B	0.09%
ESNT	B	0.09%
FAF	A	0.09%
ZION	D	0.09%
AMG	C	0.08%
CADE	C	0.08%
OMF	D	0.08%
JXN	B	0.08%
BEN	D	0.08%
HLNE	B	0.08%
STWD	B	0.08%
COOP	B	0.08%
ONB	C	0.08%
RLI	B	0.08%
PFSI	B	0.07%
PIPR	B	0.07%
JHG	B	0.07%
UMBF	B	0.07%
LNC	D	0.07%
GBCI	C	0.07%
UBSI	C	0.07%
HOMB	C	0.07%
COLB	C	0.07%
RDN	C	0.07%
THG	A	0.07%
SIGI	C	0.07%
FNB	D	0.07%
IVZ	C	0.07%
TPG	B	0.06%
CNO	B	0.06%
ESGR	D	0.06%
MC	B	0.06%
SLM	D	0.06%
AGO	C	0.06%
HWC	D	0.06%
FFIN	C	0.06%
OZK	D	0.06%
FOUR	C	0.06%
EEFT	F	0.06%
WTM	D	0.06%
UCBI	B	0.05%
FBP	D	0.05%
AX	D	0.05%
BGC	B	0.05%
IBOC	C	0.05%
OSCR	C	0.05%
WD	B	0.05%
VLY	C	0.05%
SFBS	B	0.05%
ABCB	B	0.05%
KMPR	D	0.05%
HASI	B	0.05%
BKU	C	0.04%
UPST	C	0.04%
FHI	B	0.04%
VIRT	B	0.04%
PRK	C	0.04%
APAM	C	0.04%
PJT	C	0.04%
CBU	C	0.04%
FIBK	C	0.04%
CACC	F	0.04%
WAFD	B	0.04%
CATY	C	0.04%
WU	F	0.04%
BHF	F	0.04%
GNW	B	0.04%
BOKF	B	0.04%
EBC	B	0.04%
WSFS	D	0.04%
AUB	C	0.04%
TCBI	B	0.04%
BXMT	C	0.04%
FULT	D	0.04%
STEP	B	0.04%
FHB	C	0.04%
NMIH	B	0.04%
ASB	D	0.04%
TRMK	C	0.03%
WSBC	C	0.03%
BANC	C	0.03%
NATL	D	0.03%
EFSC	C	0.03%
STC	B	0.03%
BANR	B	0.03%
DFIN	B	0.03%
GSHD	C	0.03%
RNST	D	0.03%
OFG	C	0.03%
PRG	B	0.03%
FLYW	D	0.03%
NBTB	D	0.03%
IBTX	B	0.03%
MQ	F	0.03%
EVTC	D	0.03%
SBCF	C	0.03%
ENVA	C	0.03%
BANF	B	0.03%
TBBK	B	0.03%
PFS	C	0.03%
PPBI	D	0.03%
VCTR	B	0.03%
FRME	D	0.03%
SNEX	C	0.03%
PLMR	B	0.03%
CVBF	C	0.03%
ABR	C	0.03%
HTLF	B	0.03%
RKT	B	0.03%
FFBC	C	0.03%
INDB	C	0.03%
CNS	A	0.03%
SFNC	B	0.03%
BOH	C	0.03%
TOWN	B	0.03%
SRCE	C	0.02%
PEBO	C	0.02%
EFC	A	0.02%
BHLB	C	0.02%
EIG	B	0.02%
GABC	C	0.02%
SAFT	C	0.02%
NBHC	D	0.02%
LC	C	0.02%
NIC	C	0.02%
WABC	D	0.02%
VBTX	B	0.02%
ACT	A	0.02%
PMT	C	0.02%
QCRH	C	0.02%
CODI	D	0.02%
NAVI	C	0.02%
TCBK	C	0.02%
HMN	C	0.02%
SKWD	C	0.02%
LOB	B	0.02%
HTH	C	0.02%
VRTS	D	0.02%
ARI	F	0.02%
CUBI	F	0.02%
NNI	B	0.02%
RC	F	0.02%
HOPE	C	0.02%
SPNT	C	0.02%
SASR	B	0.02%
CHCO	B	0.02%
TRUP	B	0.02%
SYBT	C	0.02%
FBNC	C	0.02%
STBA	C	0.02%
LKFN	C	0.02%
CASH	B	0.02%
LADR	B	0.02%
BUSE	C	0.02%
FRHC	B	0.02%
MCY	C	0.02%
NWBI	C	0.02%
FCF	C	0.02%
FBK	B	0.02%
AGM	D	0.02%
PGC	C	0.01%
WRLD	D	0.01%
CLBK	C	0.01%
HAFC	C	0.01%
SPFI	C	0.01%
PAY	C	0.01%
HONE	C	0.01%
UFCS	D	0.01%
CCBG	B	0.01%
PX	C	0.01%
CTLP	F	0.01%
GSBC	D	0.01%
MCB	C	0.01%
NFBK	C	0.01%
SMBC	C	0.01%
NRDS	D	0.01%
BHB	B	0.01%
TIPT	B	0.01%
AMBC	F	0.01%
TRTX	C	0.01%
GDOT	C	0.01%
CAC	C	0.01%
MSBI	D	0.01%
LPRO	F	0.01%
FSBC	B	0.01%
WASH	B	0.01%
TRST	C	0.01%
THFF	C	0.01%
CCB	C	0.01%
EZPW	D	0.01%
EQBK	B	0.01%
TMP	C	0.01%
AMTB	D	0.01%
IIIV	D	0.01%
FMNB	C	0.01%
PRA	C	0.01%
EGBN	C	0.01%
TREE	C	0.01%
IMXI	D	0.01%
RBCAA	C	0.01%
KREF	B	0.01%
TFSL	C	0.01%
CPF	B	0.01%
CFFN	D	0.01%
PFBC	C	0.01%
AMAL	B	0.01%
UVE	B	0.01%
BFST	B	0.01%
FG	C	0.01%
CASS	C	0.01%
FCBC	B	0.01%
RPAY	F	0.01%
HTBK	C	0.01%
HFWA	C	0.01%
OSBC	B	0.01%
BFC	B	0.01%
BSIG	C	0.01%
MCBS	B	0.01%
PRAA	F	0.01%
HBNC	B	0.01%
FMBH	B	0.01%
BY	C	0.01%
AMSF	C	0.01%
MBWM	C	0.01%
CFB	C	0.01%
FBMS	B	0.01%
BHRB	C	0.01%
CTBI	B	0.01%
BRSP	D	0.01%
BRKL	C	0.01%
DX	A	0.01%
CMTG	F	0.01%
UWMC	C	0.01%
HCI	C	0.01%
OBK	D	0.01%
SBSI	C	0.01%
DCOM	B	0.01%
IBCP	B	0.01%
ECPG	C	0.01%
CNOB	B	0.01%
CNNE	D	0.01%
LMND	D	0.01%
UVSP	B	0.01%
MBIN	C	0.01%
RWT	A	0.01%
PFC	C	0.01%
OCFC	B	0.01%
AROW	C	0.0%
RILY	F	0.0%
CRD.B	C	0.0%
GCBC	D	0.0%
DHIL	C	0.0%
DGICA	B	0.0%
KRNY	D	0.0%
HBT	C	0.0%
HGTY	D	0.0%

FNCL Underweight 58 Positions Relative to DFND

Symbol	Grade	Weight
KLAC	D	-2.86%
CTAS	B	-2.46%
PG	A	-2.45%
VRSK	D	-2.39%
MPC	F	-2.34%
LMT	B	-2.24%
NDSN	C	-2.22%
MCD	B	-2.17%
SHW	A	-2.15%
SNA	B	-2.12%
PHM	B	-2.03%
MPWR	C	-1.98%
GWW	B	-1.87%
PPG	C	-1.85%
CMI	C	-1.77%
MSI	B	-1.69%
DHI	B	-1.69%
AMAT	D	-1.59%
ITW	B	-1.58%
HSY	B	-1.55%
ROK	D	-1.51%
J	D	-1.51%
ALLE	A	-1.5%
ADI	D	-1.46%
ETN	C	-1.42%
HON	D	-1.32%
CSCO	C	-1.31%
LIN	B	-1.28%
AOS	D	-1.23%
COST	B	-1.18%
HUBB	B	-1.1%
CMCSA	D	-1.04%
MSFT	C	-0.98%
AAPL	D	-0.94%
FAST	C	-0.92%
LW	D	-0.89%
ALB	D	-0.85%
AVGO	C	-0.79%
ODFL	D	-0.79%
INTU	C	-0.71%
BR	B	-0.71%
MLM	D	-0.71%
ACN	C	-0.33%
MCHP	D	-0.1%
PARA	F	--0.31%
INTC	F	--0.86%
APA	F	--0.96%
VFC	C	--1.0%
DVN	F	--1.23%
NWS	D	--1.78%
FCX	D	--1.83%
LUV	C	--1.91%
IP	B	--1.97%
SW	B	--1.99%
T	A	--2.07%
CNP	C	--2.41%
F	D	--2.43%
D	B	--3.09%