INFO vs. FBUF ETF Comparison

Comparison of Harbor PanAgora Dynamic Large Cap Core ETF (INFO) to Fidelity Dynamic Buffered Equity ETF (FBUF)

INFO

Harbor PanAgora Dynamic Large Cap Core ETF

INFO Description

INFO aims to generate alpha consistently within the large-cap US market. Portfolio construction utilizes a bottom-up investment strategy integrating fundamental analysis with quantitative techniques and risk management tools. The subadvisor employs a proprietary alpha modeling framework to identify companies with strong financial and operational health, aiming for above-market returns relative to the S&P 500 Index. The strategy incorporates uncorrelated alpha factors, such as value, momentum, and quality. Additionally, ESG attributes are also evaluated to enhance the overall alpha scores. Security weighting is determined using a proprietary optimization technique, balancing alpha generation with risk metrics like tracking err, market risk, and concentration risk.

Grade (RS Rating)

Last Trade

$20.79

Average Daily Volume

799

Number of Holdings ^*

119

* may have additional holdings in another (foreign) market

FBUF

Fidelity Dynamic Buffered Equity ETF

FBUF Description

FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of historical valuation, growth, and profitability, among other factors. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. For the options strategy, the fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts, but this essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, which are rolled weekly, with different strike prices and expiration dates.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

5,170

Number of Holdings ^*

155

* may have additional holdings in another (foreign) market

Performance

Period	INFO	FBUF
30 Days	3.02%	3.04%
60 Days		4.57%
90 Days		6.09%
12 Months

61 Overlapping Holdings

Symbol	Grade	Weight in INFO	Weight in FBUF	Overlap
AAPL	B	7.09%	7.34%	7.09%
AMAT	F	1.0%	0.67%	0.67%
AMT	D	0.09%	0.21%	0.09%
AMZN	C	3.84%	3.84%	3.84%
ANET	C	0.89%	0.06%	0.06%
AVGO	D	1.24%	1.62%	1.24%
AXP	A	0.56%	0.43%	0.43%
BAC	A	0.56%	1.18%	0.56%
BK	A	0.48%	0.12%	0.12%
BMY	B	0.97%	0.74%	0.74%
BRK.A	B	0.94%	2.2%	0.94%
CI	D	0.85%	0.63%	0.63%
CL	D	0.58%	0.55%	0.55%
CMCSA	C	0.86%	0.84%	0.84%
COST	B	0.92%	0.3%	0.3%
CRM	B	1.35%	1.16%	1.16%
DASH	A	0.39%	0.11%	0.11%
ECL	D	0.56%	0.63%	0.56%
EOG	C	0.36%	0.48%	0.36%
GE	D	1.12%	0.48%	0.48%
GOOGL	C	3.89%	2.04%	2.04%
HD	A	0.2%	1.32%	0.2%
INTU	C	0.74%	0.12%	0.12%
JNJ	D	0.22%	0.73%	0.22%
JPM	B	1.84%	1.93%	1.84%
KR	A	0.52%	0.12%	0.12%
LDOS	D	0.7%	0.31%	0.31%
LLY	F	0.91%	0.76%	0.76%
LMT	D	0.29%	0.71%	0.29%
LRCX	F	0.89%	0.24%	0.24%
MA	B	1.6%	1.36%	1.36%
META	D	3.02%	2.89%	2.89%
MMC	A	0.82%	0.53%	0.53%
MRK	F	1.02%	0.96%	0.96%
MSCI	C	0.77%	0.26%	0.26%
MSFT	D	5.94%	5.66%	5.66%
MSI	C	0.83%	0.43%	0.43%
MU	D	0.25%	0.5%	0.25%
NEE	D	0.41%	0.82%	0.41%
NFLX	B	1.16%	1.28%	1.16%
NOC	D	0.22%	0.6%	0.22%
NOW	B	1.16%	0.5%	0.5%
NRG	C	0.8%	0.09%	0.09%
NVDA	C	7.33%	7.37%	7.33%
PEP	F	0.57%	0.19%	0.19%
PYPL	A	0.41%	0.72%	0.41%
QCOM	F	1.09%	0.85%	0.85%
RTX	D	0.8%	0.28%	0.28%
SPG	C	0.88%	0.44%	0.44%
SPGI	C	0.68%	0.21%	0.21%
TJX	A	1.02%	0.72%	0.72%
TSLA	B	1.49%	1.27%	1.27%
TT	B	0.95%	0.68%	0.68%
UBER	D	0.34%	0.24%	0.24%
UNH	B	0.66%	0.57%	0.57%
UNM	A	0.25%	0.1%	0.1%
V	A	1.78%	0.65%	0.65%
VEEV	B	0.33%	0.04%	0.04%
WFC	A	1.1%	0.28%	0.28%
WMT	B	1.26%	0.82%	0.82%
XOM	C	1.17%	1.56%	1.17%

INFO Overweight 58 Positions Relative to FBUF

Symbol	Grade	Weight
MCK	C	0.91%
ETR	B	0.89%
BKR	C	0.87%
GM	B	0.84%
ALL	B	0.84%
DD	D	0.81%
HIG	B	0.8%
TSN	B	0.79%
SYF	A	0.79%
NTAP	C	0.75%
HOLX	D	0.74%
EQIX	A	0.73%
MAS	C	0.72%
EXC	D	0.69%
WAB	B	0.67%
FTV	B	0.64%
JCI	C	0.6%
MPC	F	0.6%
INVH	D	0.56%
A	D	0.54%
MTD	F	0.47%
AVY	D	0.46%
PODD	B	0.43%
ROST	C	0.42%
GDDY	B	0.42%
BSX	C	0.4%
WDAY	C	0.38%
TXRH	A	0.35%
ACM	A	0.35%
NTRA	B	0.35%
ALNY	D	0.32%
FITB	B	0.32%
ILMN	C	0.31%
ATR	B	0.3%
BRBR	B	0.26%
RJF	A	0.26%
CBSH	B	0.24%
SLB	C	0.23%
MKC	D	0.23%
UAL	B	0.22%
AXS	A	0.22%
VMC	B	0.22%
DTE	C	0.21%
SNOW	C	0.21%
J	F	0.21%
NOV	C	0.21%
VRSK	A	0.2%
EVR	B	0.2%
DAL	B	0.2%
AMD	F	0.2%
PSN	D	0.18%
MDLZ	F	0.17%
ATI	D	0.15%
FTI	A	0.15%
THC	D	0.1%
FFIV	A	0.09%
EQH	B	0.08%
GWRE	B	0.06%

INFO Underweight 94 Positions Relative to FBUF

Symbol	Grade	Weight
GOOG	C	-1.89%
PM	B	-0.94%
ADBE	C	-0.94%
ABBV	D	-0.91%
CSCO	A	-0.8%
PG	A	-0.8%
SCHW	A	-0.79%
UNP	C	-0.75%
GILD	B	-0.74%
C	A	-0.72%
T	A	-0.71%
PGR	A	-0.67%
CTAS	B	-0.65%
DIS	B	-0.65%
ABT	B	-0.63%
KLAC	F	-0.61%
SQ	B	-0.6%
BDX	F	-0.58%
SEIC	A	-0.54%
ZM	B	-0.53%
CAT	B	-0.53%
DBX	C	-0.52%
ZBRA	A	-0.52%
CVNA	B	-0.52%
DVN	F	-0.52%
TXT	D	-0.5%
CSX	B	-0.49%
CMG	B	-0.47%
IGT	F	-0.46%
CME	A	-0.44%
GRMN	A	-0.44%
EXEL	A	-0.43%
WM	A	-0.41%
PFE	D	-0.41%
TMO	F	-0.38%
HWM	B	-0.38%
ALLE	D	-0.38%
PCAR	B	-0.37%
NUE	D	-0.36%
ANF	C	-0.35%
TDC	D	-0.35%
ALRM	C	-0.34%
PPG	D	-0.34%
INCY	C	-0.34%
F	C	-0.33%
SKYW	B	-0.31%
CAH	B	-0.31%
TMUS	A	-0.28%
MEDP	F	-0.28%
TROW	A	-0.28%
TRV	B	-0.26%
ADP	B	-0.26%
AMGN	D	-0.25%
SYK	C	-0.24%
CVS	D	-0.23%
RSG	A	-0.23%
MGM	F	-0.23%
LHX	C	-0.21%
GAP	C	-0.21%
BIIB	F	-0.21%
FTNT	C	-0.2%
MMM	D	-0.19%
TPH	C	-0.18%
SSNC	A	-0.18%
CACI	D	-0.17%
PSA	C	-0.17%
LNW	D	-0.16%
BBWI	C	-0.16%
OXY	F	-0.15%
IDXX	F	-0.15%
VST	B	-0.14%
CLX	C	-0.14%
ITW	A	-0.14%
GL	C	-0.13%
GEN	A	-0.13%
AON	A	-0.12%
NSC	A	-0.11%
LPLA	B	-0.11%
ED	D	-0.1%
AME	A	-0.09%
TWLO	B	-0.09%
DOCU	A	-0.09%
LYFT	C	-0.08%
CINF	A	-0.07%
PLTK	B	-0.07%
CRUS	F	-0.07%
QRVO	F	-0.06%
NBIX	C	-0.06%
ORCL	C	-0.04%
TNL	A	-0.04%
UTHR	C	-0.04%
TOL	A	-0.02%
CVX	B	-0.02%
PEGA	A	-0.02%