FPFD vs. JHPI ETF Comparison

Comparison of Fidelity Preferred Securities & Income ETF (FPFD) to John Hancock Preferred Income ETF (JHPI)

FPFD

Fidelity Preferred Securities & Income ETF

FPFD Description

The investment seeks high total return through a combination of current income and capital appreciation. The fund normally invests at least 80% of the fund's assets in preferred securities and other income-producing securities. It normally invests in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities. The fund primarily invests in securities rated at least BB by S&P, Ba by Moodys, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.29

Average Daily Volume

19,643

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JHPI

John Hancock Preferred Income ETF

JHPI Description

Under normal market conditions, the fund invests at least 80% of its net assets in preferred stocks and other preferred securities. Preferred stocks and preferred securities include, but are not limited to, convertible preferred securities, corporate hybrid securities, trust preferred securities, cumulative and non-cumulative preferred stock, and depositary shares of preferred stock. The adviser will concentrate its investments in the group of industries that comprise the utilities and the communication sectors.

Grade (RS Rating)

Last Trade

$23.21

Average Daily Volume

11,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPFD	JHPI
30 Days	1.17%	2.40%
60 Days	3.19%	4.93%
90 Days	3.69%	3.97%
12 Months	18.76%	21.66%

5 Overlapping Holdings

Symbol	Grade	Weight in FPFD	Weight in JHPI	Overlap
AQNB	C	0.2%	1.38%	0.2%
RZC	C	0.27%	1.28%	0.27%
SOJD	C	0.28%	0.21%	0.21%
UNMA	C	0.23%	0.55%	0.23%
UZE	B	0.19%	0.36%	0.19%

FPFD Overweight 8 Positions Relative to JHPI

Symbol	Grade	Weight
T	B	1.11%
AFGE	B	0.31%
TBB	A	0.21%
AIZN	B	0.14%
WTFCM	A	0.13%
ACGLO	B	0.12%
PRS	B	0.1%
ELC	A	0.06%

FPFD Underweight 10 Positions Relative to JHPI

Symbol	Grade	Weight
SREA	A	-1.16%
CMSD	B	-1.1%
NEE	C	-0.94%
DTW	A	-0.9%
QRTEP	C	-0.57%
CMSA	B	-0.5%
AFGC	A	-0.49%
ESGRP	F	-0.32%
NRUC	B	-0.19%
CMSC	B	-0.18%

FPFD: Top Represented Industries & Keywords

Industries: Other Banks - Regional - US Insurance - Diversified Telecom Services