FUTY vs. CNAV ETF Comparison

Comparison of Fidelity MSCI Utilities Index ETF (FUTY) to Mohr Company Nav ETF (CNAV)

FUTY

Fidelity MSCI Utilities Index ETF

FUTY Description

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

Grade (RS Rating)

Last Trade

$52.44

Average Daily Volume

289,758

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CNAV

Mohr Company Nav ETF

CNAV Description

CNAV scans for opportunities across all 11 sectors of the S&P 500, in attempt to navigate significant market value fluctuations. The portfolio may focus on just 50 stocks and rebalances whenever a holding exceeds 10% of total assets. Stock selection follows a top-down, tactical approach, evaluating price movements of individual stocks and over 117 sub-industries within the S&P 500 index. The fund holds the strongest-performing stocks when industry data trends are favorable. Conversely, when an industry shows a negative trend, it reallocates to other industries or moves into money market funds. Due to frequent trading, the fund is expected to experience a high portfolio turnover rate and is designed for investors who can withstand large principal value fluctuations.

Grade (RS Rating)

Last Trade

$28.42

Average Daily Volume

20,379

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FUTY	CNAV
30 Days	-0.32%	13.01%
60 Days	1.61%
90 Days	8.69%
12 Months	35.17%

2 Overlapping Holdings

	Symbol	Grade	Weight in FUTY	Weight in CNAV	Overlap
	CEG	D	5.45%	2.59%	2.59%
	VST	B	3.69%	3.5%	3.5%

FUTY Overweight 65 Positions Relative to CNAV

Symbol	Grade	Weight
NEE	D	11.85%
SO	D	7.27%
DUK	C	6.55%
SRE	A	4.39%
AEP	D	3.79%
D	C	3.61%
PEG	A	3.32%
PCG	A	3.27%
XEL	A	2.93%
EXC	C	2.92%
ED	D	2.52%
EIX	B	2.42%
ETR	B	2.41%
WEC	A	2.33%
AWK	D	1.97%
DTE	C	1.89%
PPL	B	1.88%
AEE	A	1.83%
FE	C	1.71%
ATO	A	1.67%
ES	D	1.66%
CMS	C	1.54%
CNP	B	1.47%
NRG	B	1.46%
NI	A	1.24%
LNT	A	1.17%
EVRG	A	1.11%
PNW	B	0.79%
WTRG	B	0.76%
AES	F	0.76%
OGE	B	0.64%
IDA	A	0.45%
NFG	A	0.4%
UGI	A	0.37%
NJR	A	0.36%
POR	C	0.36%
ORA	B	0.33%
BKH	A	0.33%
SWX	B	0.33%
OGS	A	0.32%
PNM	F	0.3%
ALE	A	0.29%
SR	A	0.29%
MGEE	C	0.29%
MDU	D	0.27%
NWE	B	0.26%
AWR	B	0.24%
OTTR	C	0.23%
CPK	A	0.22%
CWT	D	0.22%
AVA	A	0.22%
CWEN	C	0.17%
SJW	D	0.13%
NWN	A	0.12%
NEP	F	0.12%
HE	C	0.12%
MSEX	B	0.09%
CWEN	C	0.07%
UTL	B	0.07%
OKLO	B	0.06%
YORW	D	0.04%
NOVA	F	0.03%
GNE	D	0.02%
MNTK	F	0.02%
AMPS	C	0.02%

FUTY Underweight 28 Positions Relative to CNAV

Symbol	Grade	Weight
APP	B	-7.13%
AXON	A	-4.5%
VRT	B	-3.68%
DAY	B	-3.67%
DASH	A	-3.63%
GPN	B	-3.61%
FTNT	C	-3.6%
LW	C	-3.47%
NTNX	A	-3.46%
V	A	-3.41%
TRV	B	-3.36%
FFIV	B	-3.3%
CAH	B	-3.29%
IOT	A	-3.27%
WDAY	B	-3.2%
MA	C	-3.17%
CMG	B	-3.1%
PGR	A	-3.06%
DRI	B	-3.05%
DT	C	-3.03%
WFC	A	-2.98%
MCD	D	-2.92%
SBAC	D	-2.82%
BLDR	D	-2.8%
NOC	D	-2.73%
NKE	D	-2.69%
MDLZ	F	-2.67%
ERIE	D	-2.31%