FPFD vs. PFF ETF Comparison

Comparison of Fidelity Preferred Securities & Income ETF (FPFD) to iShares US Preferred Stock ETF (PFF)

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

$22.00

Average Daily Volume

20,178

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.67

Average Daily Volume

3,718,324

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	FPFD	PFF
30 Days	-0.94%	-1.60%
60 Days	-0.72%	0.03%
90 Days	1.12%	4.53%
12 Months	14.00%	15.13%

13 Overlapping Holdings

Symbol	Grade	Weight in FPFD	Weight in PFF	Overlap
ACGLO	D	0.12%	0.19%	0.12%
AFGE	D	0.31%	0.1%	0.1%
AIZN	C	0.14%	0.14%	0.14%
ELC	D	0.06%	0.15%	0.06%
PRS	C	0.1%	0.35%	0.1%
RZC	A	0.27%	0.46%	0.27%
SOJD	D	0.28%	0.55%	0.28%
T	A	1.11%	0.65%	0.65%
T	A	1.11%	0.9%	0.9%
TBB	D	0.21%	0.78%	0.21%
UNMA	D	0.23%	0.19%	0.19%
UZE	A	0.19%	0.28%	0.19%
WTFCM	A	0.13%	0.08%	0.08%

FPFD Overweight 1 Positions Relative to PFF

	Symbol	Grade	Weight
	AQNB	C	0.2%

FPFD Underweight 214 Positions Relative to PFF

Symbol	Grade	Weight
C	A	-1.68%
ALB	B	-1.33%
HPE	B	-1.15%
NEE	D	-1.06%
ARES	B	-0.99%
DUK	D	-0.62%
TBC	D	-0.51%
SREA	D	-0.47%
NEE	D	-0.42%
JPM	B	-0.41%
APO	B	-0.4%
CMSD	D	-0.39%
SO	D	-0.38%
JXN	B	-0.37%
F	C	-0.37%
CHSCO	C	-0.36%
MET	C	-0.36%
WCC	B	-0.35%
LNC	B	-0.35%
BTSG	B	-0.34%
CHSCL	A	-0.33%
SCHW	A	-0.32%
SYF	B	-0.32%
QRTEP	D	-0.31%
DUKB	D	-0.31%
CHSCM	D	-0.31%
BANC	B	-0.31%
WFC	A	-0.31%
STT	B	-0.31%
GTLS	A	-0.31%
BPYPM	C	-0.3%
AXS	A	-0.3%
FITBI	A	-0.29%
CTDD	A	-0.29%
USM	C	-0.28%
BAC	A	-0.28%
CHSCN	C	-0.27%
SOJC	D	-0.27%
TPG	B	-0.26%
NLY	C	-0.26%
KKR	B	-0.25%
RZB	C	-0.25%
MS	A	-0.25%
KEY	B	-0.25%
PFH	D	-0.25%
CFG	B	-0.24%
CG	C	-0.24%
EAI	D	-0.23%
CHSCP	D	-0.23%
TDS	B	-0.23%
FG	B	-0.23%
DTW	D	-0.23%
USB	A	-0.22%
NTRS	A	-0.22%
PBI	C	-0.22%
AGNCN	A	-0.21%
ESGRP	C	-0.21%
HIG	C	-0.21%
PRU	B	-0.2%
ATHS	C	-0.2%
RLJ	B	-0.2%
FCNCA	B	-0.2%
RF	B	-0.19%
VOYA	B	-0.19%
WTFCP	A	-0.18%
UMH	C	-0.18%
NGL	D	-0.18%
MGR	D	-0.18%
CMSC	C	-0.17%
KREF	D	-0.17%
GPJA	D	-0.16%
TCBI	B	-0.16%
OZKAP	D	-0.16%
MTB	B	-0.16%
WAL	B	-0.16%
ALL	A	-0.16%
EMP	D	-0.15%
HPP	F	-0.15%
NAVI	D	-0.15%
RNR	D	-0.15%
BHF	B	-0.15%
NRUC	D	-0.15%
SR	C	-0.15%
WAFD	B	-0.14%
EQH	B	-0.14%
PNFP	B	-0.14%
AGNC	C	-0.14%
GL	B	-0.14%
TVC	D	-0.14%
FBRT	C	-0.14%
KIM	A	-0.13%
SFB	D	-0.13%
SNV	B	-0.13%
DBRG	F	-0.13%
DDT	A	-0.13%
KMI	B	-0.13%
NSA	D	-0.13%
WRB	B	-0.12%
SLMBP	C	-0.12%
EIX	C	-0.12%
SLG	C	-0.12%
CMSA	D	-0.12%
GS	B	-0.12%
VNO	C	-0.12%
FCNCO	D	-0.12%
FITB	A	-0.12%
HBAN	B	-0.11%
SITC	F	-0.11%
LBRDP	C	-0.11%
AUB	B	-0.11%
DHC	F	-0.11%
HWC	B	-0.11%
AFGC	D	-0.11%
NYMTM	A	-0.11%
CMS	C	-0.11%
DTE	D	-0.11%
DLR	C	-0.11%
TVE	C	-0.11%
WSBC	B	-0.1%
SPLP	F	-0.1%
FULT	B	-0.1%
AHH	D	-0.1%
SIGI	B	-0.1%
RITM	C	-0.1%
VLY	B	-0.1%
SF	B	-0.1%
TFC	B	-0.1%
ADC	A	-0.09%
CIM	D	-0.09%
GPMT	C	-0.09%
AMG	B	-0.09%
KMPR	A	-0.09%
AFGD	A	-0.09%
CADE	B	-0.09%
ARR	C	-0.09%
AGNCL	C	-0.09%
CION	D	-0.09%
BNRE.A	A	-0.09%
ZIONO	A	-0.09%
TRTX	C	-0.09%
ATLC	A	-0.08%
CFR	B	-0.08%
GAIN	B	-0.08%
TWO	F	-0.08%
FHN	A	-0.08%
AFGB	D	-0.08%
BOH	B	-0.08%
QVCD	D	-0.08%
NYMTL	A	-0.08%
LANDO	D	-0.08%
CTVA	C	-0.08%
BC	C	-0.08%
CNO	B	-0.08%
ARGD	D	-0.08%
MBIN	D	-0.08%
FRT	C	-0.08%
NYMTN	D	-0.08%
WBS	A	-0.08%
EPR	D	-0.07%
CLDT	B	-0.07%
BPOPM	D	-0.07%
BW	C	-0.07%
ACR	B	-0.07%
PSA	C	-0.07%
PCG	A	-0.07%
ENO	C	-0.07%
AMH	C	-0.07%
IVR	D	-0.07%
FCRX	C	-0.07%
DCOMP	C	-0.07%
CTO	C	-0.07%
RILY	F	-0.07%
ABR	B	-0.07%
VLYPP	A	-0.07%
FTAI	B	-0.07%
ONB	B	-0.07%
NEWT	B	-0.07%
PMT	D	-0.07%
MFA	D	-0.07%
HTLF	B	-0.07%
MSBI	B	-0.07%
NMFC	D	-0.07%
TRIN	A	-0.07%
DRH	B	-0.07%
EQC	C	-0.07%
MHNC	C	-0.07%
REG	A	-0.07%
DX	C	-0.07%
SNCR	F	-0.07%
RILYN	C	-0.06%
BFS	C	-0.06%
PEB	D	-0.06%
LXP	C	-0.06%
VLYPO	C	-0.06%
GNL	D	-0.06%
CNOB	B	-0.06%
EFC	C	-0.06%
CODI	B	-0.06%
SAR	A	-0.06%
COF	B	-0.06%
PSEC	F	-0.06%
BAC	A	-0.06%
FATBP	F	-0.05%
MHLA	C	-0.05%
CIO	D	-0.05%
INN	C	-0.05%
RC	D	-0.05%
FOSL	B	-0.05%
ASB	B	-0.05%
SHO	C	-0.05%
SLNHP	C	-0.04%
OPI	F	-0.04%
BHR	B	-0.03%
XELAP	F	-0.0%

FPFD: Top Represented Industries & Keywords

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