FSTA vs. HDLB ETF Comparison

Comparison of Fidelity MSCI Consumer Staples Index ETF (FSTA) to ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB)

FSTA

Fidelity MSCI Consumer Staples Index ETF

FSTA Description

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

Grade (RS Rating)

Last Trade

$50.47

Average Daily Volume

101,513

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$15.04

Average Daily Volume

2,793

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FSTA	HDLB
30 Days	-0.12%	4.12%
60 Days	-1.08%	8.71%
90 Days	0.42%	16.51%
12 Months	20.20%	59.75%

4 Overlapping Holdings

Symbol	Grade	Weight in FSTA	Weight in HDLB	Overlap
K	A	0.81%	1.47%	0.81%
KHC	F	1.03%	1.93%	1.03%
MO	A	3.19%	3.18%	3.18%
PM	A	4.42%	3.83%	3.83%

FSTA Overweight 94 Positions Relative to HDLB

Symbol	Grade	Weight
COST	A	12.93%
PG	C	12.26%
WMT	A	11.77%
KO	D	7.89%
PEP	F	4.42%
MDLZ	F	2.97%
TGT	F	2.43%
CL	D	2.39%
KVUE	A	1.54%
KMB	C	1.53%
MNST	C	1.46%
KR	B	1.43%
STZ	D	1.37%
KDP	D	1.35%
SYY	D	1.33%
GIS	D	1.27%
HSY	F	0.97%
CHD	A	0.95%
ADM	D	0.91%
CLX	A	0.77%
MKC	C	0.71%
TSN	B	0.68%
DG	F	0.6%
USFD	A	0.6%
CASY	A	0.59%
SFM	B	0.58%
PFGC	B	0.53%
EL	F	0.52%
CAG	D	0.5%
DLTR	F	0.49%
TAP	C	0.48%
BG	D	0.48%
SJM	D	0.47%
BJ	B	0.47%
LW	C	0.45%
INGR	B	0.42%
BRBR	A	0.41%
CPB	D	0.36%
HRL	D	0.36%
FRPT	B	0.33%
DAR	C	0.3%
COKE	C	0.3%
ACI	C	0.29%
ELF	C	0.29%
POST	C	0.27%
WBA	F	0.26%
CALM	A	0.23%
WDFC	B	0.23%
FLO	D	0.21%
SMPL	B	0.19%
SAM	C	0.19%
LANC	D	0.19%
SPB	C	0.18%
PPC	B	0.18%
JJSF	C	0.17%
CELH	F	0.16%
ENR	A	0.16%
IPAR	B	0.16%
PSMT	D	0.16%
COTY	F	0.15%
CHEF	A	0.14%
CENTA	C	0.14%
FDP	A	0.14%
TPB	A	0.13%
GO	C	0.13%
WMK	B	0.13%
REYN	D	0.13%
ANDE	F	0.13%
UNFI	A	0.13%
THS	F	0.12%
EPC	F	0.12%
FIZZ	C	0.12%
UVV	B	0.12%
UTZ	D	0.11%
IMKTA	C	0.11%
VITL	D	0.1%
KLG	D	0.1%
JBSS	F	0.09%
SEB	F	0.09%
AVO	B	0.08%
HAIN	D	0.08%
SPTN	F	0.08%
HLF	C	0.08%
MGPI	F	0.07%
NAPA	A	0.07%
TR	B	0.06%
USNA	C	0.06%
CVGW	D	0.06%
BGS	F	0.06%
CENT	C	0.05%
NUS	C	0.05%
SENEA	A	0.04%
BYND	F	0.04%
OLPX	D	0.03%

FSTA Underweight 33 Positions Relative to HDLB

Symbol	Grade	Weight
PFE	F	-13.4%
ABBV	F	-9.8%
VZ	C	-9.25%
T	A	-8.79%
GILD	B	-5.14%
IBM	C	-5.12%
DUK	C	-3.27%
SO	C	-2.94%
D	C	-2.76%
AEP	C	-2.58%
O	D	-2.51%
VICI	C	-1.93%
ED	C	-1.85%
ETR	A	-1.73%
SRE	A	-1.71%
PPL	A	-1.48%
NLY	D	-1.43%
FE	C	-1.42%
EIX	C	-1.34%
IP	A	-1.22%
MPW	F	-1.04%
AGNC	C	-1.03%
NI	A	-0.91%
PNW	A	-0.78%
WPC	C	-0.76%
WU	F	-0.73%
ARCC	A	-0.46%
GLPI	C	-0.44%
OGE	A	-0.43%
STAG	D	-0.4%
FSK	A	-0.25%
KD	A	-0.14%
ONL	D	-0.07%