FQAL vs. TMAT ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Main Thematic Innovation ETF (TMAT)

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$64.18

Average Daily Volume

46,112

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

TMAT

Main Thematic Innovation ETF

TMAT Description

The investment seeks to outperform the MSCI ACWI Index® in rising markets while limiting losses during periods of decline. The adviser seeks to achieve its objective through dynamic thematic rotation. The Adviser focuses its research primarily on identifying emerging, disruptive, and innovative themes that have a large market demand or addressable market. The Adviser rotates among themes with large addressable markets which may range from nascent technologies to those on the cusp of widespread adoption and buys securities of ETFs investing in those themes.

Grade (RS Rating)

Last Trade

$17.26

Average Daily Volume

17,435

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	TMAT
30 Days	1.99%	2.54%
60 Days	4.59%	-1.25%
90 Days	4.90%	1.58%
12 Months	28.74%	26.33%

13 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in TMAT	Overlap
ABNB	D	0.69%	0.56%	0.56%
AMAT	D	0.87%	0.55%	0.55%
AVGO	C	2.07%	1.48%	1.48%
CPAY	B	0.72%	0.73%	0.72%
CPRT	D	0.44%	0.65%	0.44%
KLAC	D	0.79%	1.32%	0.79%
LLY	C	2.24%	0.56%	0.56%
LRCX	F	0.75%	0.45%	0.45%
META	B	2.47%	3.15%	2.47%
NVDA	D	6.31%	4.35%	4.35%
QLYS	F	0.56%	0.6%	0.56%
TDG	B	0.54%	0.81%	0.54%
UNP	C	0.67%	0.75%	0.67%

FQAL Overweight 111 Positions Relative to TMAT

Symbol	Grade	Weight
AAPL	C	6.81%
MSFT	C	6.74%
GOOGL	D	3.44%
V	C	1.54%
JNJ	C	1.5%
MA	B	1.45%
HD	B	1.43%
ABBV	C	1.39%
ADBE	F	1.17%
MCD	B	1.15%
XOM	C	1.12%
ACN	C	1.08%
COST	B	1.06%
PG	C	1.04%
PGR	B	1.02%
SPGI	B	0.99%
LOW	B	0.99%
BKNG	C	0.98%
QCOM	D	0.98%
GILD	B	0.98%
VRTX	D	0.92%
ZTS	C	0.92%
BMY	C	0.91%
VEEV	C	0.9%
PANW	D	0.89%
BX	B	0.88%
CME	C	0.85%
NFLX	B	0.84%
IDXX	C	0.83%
FICO	B	0.82%
ACGL	C	0.8%
MCO	B	0.8%
ORLY	C	0.8%
GRMN	D	0.79%
KO	C	0.79%
AZO	D	0.78%
YUM	D	0.75%
AMP	A	0.74%
MSCI	C	0.73%
MTD	D	0.71%
CAT	B	0.7%
WSM	D	0.68%
DPZ	F	0.68%
KNSL	C	0.67%
MEDP	F	0.66%
JXN	A	0.63%
CBSH	C	0.63%
PM	C	0.63%
EWBC	D	0.62%
VZ	B	0.62%
ADP	B	0.62%
LMT	C	0.62%
CFR	C	0.61%
CVX	D	0.61%
LIN	B	0.57%
T	C	0.57%
CTAS	B	0.54%
MMM	B	0.53%
NEE	C	0.53%
ITW	C	0.51%
CSX	D	0.49%
PAYX	C	0.48%
GWW	B	0.48%
FAST	C	0.47%
AME	C	0.47%
MDLZ	B	0.46%
VRSK	D	0.46%
OTIS	C	0.44%
CL	D	0.43%
MO	C	0.43%
ODFL	D	0.42%
COP	D	0.39%
SO	B	0.38%
TTD	B	0.38%
PLD	C	0.36%
AMT	C	0.34%
KMB	D	0.34%
CEG	C	0.32%
MNST	D	0.31%
SHW	B	0.31%
HSY	C	0.3%
EOG	D	0.29%
WMB	B	0.28%
PSA	B	0.26%
ECL	B	0.26%
WEC	C	0.26%
VST	C	0.25%
O	C	0.24%
NRG	C	0.24%
FCX	D	0.24%
LNG	C	0.24%
SPG	B	0.23%
EXR	B	0.21%
AVB	B	0.2%
VICI	C	0.2%
NFG	B	0.2%
EQR	B	0.19%
UGI	C	0.19%
TPL	B	0.19%
MLM	D	0.18%
SBAC	C	0.18%
NUE	F	0.18%
AM	C	0.18%
AVY	C	0.17%
ESS	B	0.17%
GLPI	C	0.16%
WHD	C	0.16%
CF	C	0.16%
EXP	B	0.15%
RS	D	0.15%
RGLD	C	0.15%

FQAL Underweight 99 Positions Relative to TMAT

Symbol	Grade	Weight
TSM	C	-3.49%
AFRM	C	-2.08%
TXN	C	-2.0%
APP	C	-1.84%
ARM	D	-1.83%
MU	F	-1.57%
GLBE	C	-1.4%
HOOD	C	-1.34%
ANSS	D	-1.34%
KTOS	C	-1.29%
MKSI	F	-1.16%
STM	F	-1.09%
CDNA	C	-1.02%
FLNC	C	-0.91%
APLD	C	-0.89%
COIN	F	-0.88%
RKLB	C	-0.85%
PRCT	C	-0.82%
NIO	C	-0.81%
NTNX	C	-0.8%
GENI	C	-0.77%
FOUR	C	-0.77%
LCID	C	-0.74%
ACVA	B	-0.74%
RDNT	B	-0.73%
CSL	B	-0.73%
VRT	C	-0.73%
LNW	B	-0.73%
EBR	D	-0.73%
DLO	D	-0.73%
DKNG	C	-0.72%
FSLR	C	-0.71%
BLND	C	-0.71%
EME	B	-0.7%
PAYC	D	-0.7%
BILI	C	-0.69%
ONTO	D	-0.69%
EA	D	-0.69%
ICE	C	-0.68%
GERN	D	-0.68%
VTEX	D	-0.68%
APH	D	-0.68%
IBKR	B	-0.67%
PAY	D	-0.67%
DLR	B	-0.67%
ARE	C	-0.66%
BRKR	D	-0.66%
SYK	C	-0.66%
ON	D	-0.66%
SWTX	F	-0.65%
BAH	C	-0.65%
PCTY	C	-0.65%
EVTC	D	-0.64%
WK	D	-0.64%
FLYW	F	-0.64%
HQY	C	-0.64%
TTWO	C	-0.64%
NTAP	D	-0.63%
ZD	D	-0.63%
LYFT	D	-0.62%
WULF	D	-0.62%
MQ	F	-0.62%
WDC	D	-0.61%
HUYA	D	-0.61%
BMI	A	-0.61%
UTHR	C	-0.61%
IRDM	D	-0.61%
LPRO	D	-0.59%
KRYS	D	-0.59%
DLB	D	-0.58%
ENPH	D	-0.57%
AMSC	D	-0.57%
GOOG	D	-0.56%
HRI	D	-0.56%
PLUG	F	-0.55%
ASND	C	-0.55%
PSTG	F	-0.55%
RIVN	F	-0.55%
APPF	D	-0.54%
IBTA	D	-0.54%
FORM	F	-0.54%
SRPT	D	-0.53%
SMCI	F	-0.53%
LMND	D	-0.52%
CRSP	F	-0.52%
CFLT	F	-0.51%
IREN	D	-0.51%
ACHR	F	-0.49%
CRSR	F	-0.48%
RCKT	D	-0.48%
SPT	F	-0.47%
BE	F	-0.47%
PDD	F	-0.47%
HIMS	D	-0.45%
PAGS	F	-0.45%
PUBM	F	-0.42%
CLSK	F	-0.37%
LAZR	F	-0.31%
JMIA	F	-0.24%