FUTY vs. EMLP ETF Comparison

Comparison of Fidelity MSCI Utilities Index ETF (FUTY) to First Trust North American Energy Infrastructure Fund (EMLP)

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

$52.09

Average Daily Volume

201,290

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.23

Average Daily Volume

164,271

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FUTY	EMLP
30 Days	6.13%	5.25%
60 Days	12.43%	11.72%
90 Days	18.74%	13.15%
12 Months	47.82%	38.19%

32 Overlapping Holdings

Symbol	Grade	Weight in FUTY	Weight in EMLP	Overlap
AEE	A	1.72%	0.29%	0.29%
AEP	C	4.01%	2.38%	2.38%
AES	C	1.07%	1.2%	1.07%
ATO	A	1.55%	1.78%	1.55%
AWK	D	2.11%	0.06%	0.06%
CEG	A	6.05%	0.32%	0.32%
CMS	A	1.57%	1.28%	1.28%
CNP	B	1.39%	0.66%	0.66%
CPK	C	0.21%	0.25%	0.21%
CWEN	C	0.07%	0.57%	0.07%
CWEN	C	0.19%	0.57%	0.19%
D	A	3.58%	0.53%	0.53%
DTE	B	1.97%	1.16%	1.16%
DUK	C	6.69%	0.76%	0.76%
ETR	A	2.09%	1.42%	1.42%
EVRG	C	1.06%	1.21%	1.06%
EXC	C	3.02%	0.11%	0.11%
IDA	D	0.39%	0.49%	0.39%
LNT	B	1.16%	1.75%	1.16%
NEP	D	0.2%	0.82%	0.2%
NFG	A	0.4%	3.01%	0.4%
NJR	C	0.35%	0.47%	0.35%
OGS	C	0.31%	1.13%	0.31%
PEG	A	3.28%	2.82%	2.82%
PPL	C	1.81%	2.57%	1.81%
SO	A	7.36%	0.5%	0.5%
SRE	C	3.94%	4.06%	3.94%
UGI	C	0.39%	0.08%	0.08%
VST	A	3.06%	1.24%	1.24%
WEC	B	2.25%	1.38%	1.38%
WTRG	D	0.75%	0.62%	0.62%
XEL	C	2.68%	1.27%	1.27%

FUTY Overweight 34 Positions Relative to EMLP

Symbol	Grade	Weight
NEE	C	12.98%
PCG	C	3.01%
ED	C	2.69%
EIX	C	2.5%
FE	C	1.8%
ES	D	1.78%
NRG	A	1.42%
NI	A	1.15%
PNW	C	0.75%
OGE	C	0.61%
POR	D	0.37%
SWX	C	0.32%
BKH	C	0.31%
ORA	C	0.31%
SR	D	0.29%
ALE	A	0.28%
PNM	B	0.28%
NWE	C	0.26%
MGEE	C	0.25%
AWR	B	0.23%
CWT	D	0.23%
OTTR	F	0.22%
AVA	D	0.22%
SJW	D	0.13%
NWN	D	0.12%
HE	F	0.12%
MSEX	C	0.09%
NOVA	F	0.08%
UTL	D	0.07%
YORW	F	0.04%
GNE	F	0.02%
AMPS	F	0.02%
OKLO	C	0.02%
MNTK	D	0.02%

FUTY Underweight 19 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	A	-8.19%
ET	A	-6.72%
OKE	A	-5.1%
KMI	A	-4.63%
PAGP	B	-4.59%
DTM	A	-4.05%
MPLX	B	-3.87%
TRGP	A	-3.08%
PWR	A	-2.32%
WMB	A	-2.16%
LNG	A	-1.45%
SUN	D	-1.16%
FLR	B	-1.11%
CQP	D	-0.85%
WLKP	D	-0.82%
HESM	C	-0.66%
AROC	B	-0.53%
USAC	D	-0.12%
ENLC	A	-0.0%