FUTY vs. WBIG ETF Comparison

Comparison of Fidelity MSCI Utilities Index ETF (FUTY) to WBI Large Cap Tactical Yield Shares (WBIG)

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

$52.23

Average Daily Volume

194,311

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WBIG

WBI Large Cap Tactical Yield Shares

WBIG Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the dividend-paying equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display attractive dividend payment prospects, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$24.71

Average Daily Volume

2,041

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FUTY	WBIG
30 Days	7.11%	1.86%
60 Days	9.66%	4.99%
90 Days	19.36%	3.27%
12 Months	48.99%	14.89%

5 Overlapping Holdings

Symbol	Grade	Weight in FUTY	Weight in WBIG	Overlap
ATO	A	1.59%	1.49%	1.49%
CWEN	A	0.18%	3.21%	0.18%
CWEN	A	0.07%	3.21%	0.07%
DTE	A	1.99%	4.46%	1.99%
SO	A	7.5%	3.84%	3.84%

FUTY Overweight 61 Positions Relative to WBIG

Symbol	Grade	Weight
NEE	A	13.26%
DUK	B	6.93%
CEG	B	4.79%
AEP	B	4.22%
SRE	A	4.03%
D	A	3.74%
PEG	A	3.22%
PCG	B	3.1%
EXC	A	3.08%
ED	A	2.77%
XEL	A	2.74%
EIX	A	2.53%
VST	A	2.37%
WEC	A	2.32%
AWK	C	2.22%
ETR	A	2.09%
FE	A	1.85%
ES	A	1.84%
PPL	A	1.84%
AEE	A	1.74%
CMS	A	1.61%
CNP	B	1.38%
NRG	A	1.28%
NI	A	1.18%
LNT	A	1.18%
EVRG	B	1.09%
AES	B	1.03%
PNW	A	0.79%
WTRG	D	0.78%
OGE	A	0.63%
NFG	A	0.41%
IDA	B	0.4%
POR	B	0.39%
UGI	C	0.38%
NJR	C	0.36%
OGS	A	0.32%
SWX	C	0.32%
BKH	B	0.32%
ORA	B	0.31%
SR	A	0.29%
PNM	B	0.28%
ALE	A	0.28%
NWE	A	0.26%
MGEE	A	0.25%
AWR	B	0.24%
CWT	D	0.24%
OTTR	F	0.23%
AVA	B	0.23%
CPK	B	0.21%
NEP	D	0.18%
SJW	D	0.14%
NWN	B	0.12%
HE	F	0.1%
MSEX	C	0.09%
NOVA	D	0.09%
UTL	C	0.08%
YORW	D	0.04%
GNE	D	0.02%
MNTK	D	0.02%
AMPS	F	0.02%
OKLO	D	0.01%

FUTY Underweight 27 Positions Relative to WBIG

Symbol	Grade	Weight
ADP	A	-4.92%
YUMC	C	-4.86%
BMY	B	-4.5%
WRB	B	-4.5%
RGA	C	-4.47%
WHR	C	-4.33%
FANG	F	-4.01%
TMUS	A	-4.0%
ROST	C	-3.99%
GWW	A	-3.91%
BDX	B	-3.88%
KNTK	C	-3.81%
BX	C	-3.66%
CI	C	-3.12%
CDW	D	-3.09%
DECK	C	-2.94%
AAPL	C	-2.94%
PANW	D	-2.9%
INTU	F	-2.78%
ADBE	F	-2.61%
QCOM	D	-2.45%
LRCX	F	-2.28%
IBM	C	-1.84%
NXST	D	-1.17%
CHRD	F	-1.13%
TRV	C	-1.02%
CHRW	A	-0.88%