OPTZ vs. FMAG ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to Fidelity Magellan ETF (FMAG)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

FMAG

Fidelity Magellan ETF

FMAG Description

The investment seeks long-term growth of capital. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.56

Average Daily Volume

63,005

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	FMAG
30 Days	8.47%	2.27%
60 Days	9.68%	3.20%
90 Days	11.36%	5.20%
12 Months		35.72%

28 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in FMAG	Overlap
AMAT	F	1.0%	1.43%	1.0%
AMZN	C	0.38%	4.55%	0.38%
ANET	C	1.24%	1.36%	1.24%
ARES	A	0.24%	1.15%	0.24%
CDNS	B	1.21%	1.17%	1.17%
COR	B	0.14%	0.86%	0.14%
COST	B	0.29%	1.87%	0.29%
ETN	A	0.15%	1.33%	0.15%
LIN	D	0.14%	1.55%	0.14%
MAR	B	0.39%	1.21%	0.39%
MCO	B	0.2%	1.33%	0.2%
META	D	0.65%	3.88%	0.65%
MLM	B	0.17%	1.09%	0.17%
MSI	B	1.18%	1.24%	1.18%
NVDA	C	1.44%	7.21%	1.44%
ORLY	B	0.34%	1.17%	0.34%
PWR	A	0.16%	1.24%	0.16%
SHW	A	0.16%	1.34%	0.16%
SNPS	B	1.16%	1.19%	1.16%
SPGI	C	0.2%	1.51%	0.2%
TMO	F	0.11%	1.6%	0.11%
TT	A	0.15%	1.34%	0.15%
UNH	C	0.13%	2.31%	0.13%
URI	B	0.15%	1.3%	0.15%
V	A	0.22%	2.06%	0.22%
VMC	B	0.18%	1.08%	0.18%
VRSK	A	0.13%	1.09%	0.13%
WAB	B	0.15%	1.19%	0.15%

OPTZ Overweight 293 Positions Relative to FMAG

Symbol	Grade	Weight
APP	B	2.03%
CRWD	B	1.37%
CRM	B	1.37%
TTMI	B	1.36%
INTC	D	1.31%
DELL	C	1.29%
GDDY	A	1.27%
NOW	A	1.27%
FFIV	B	1.25%
QLYS	C	1.22%
BHE	B	1.2%
ITRI	B	1.19%
WIX	B	1.15%
INFN	C	1.11%
AAPL	C	1.06%
VZIO	A	1.04%
AMD	F	1.03%
VRSN	F	1.03%
BAH	F	1.02%
IBM	C	1.02%
ROP	B	1.0%
FSLR	F	0.96%
DJT	C	0.93%
LUMN	C	0.83%
CRUS	D	0.8%
IDCC	A	0.78%
ACLS	F	0.78%
DIS	B	0.77%
NFLX	A	0.73%
TMUS	B	0.72%
RNG	B	0.72%
ZM	B	0.71%
EA	A	0.66%
CMCSA	B	0.64%
T	A	0.64%
EAT	A	0.55%
CVNA	B	0.55%
AMC	C	0.54%
NPAB	B	0.52%
TSLA	B	0.49%
WWW	B	0.48%
NCLH	B	0.48%
RCL	A	0.47%
COIN	C	0.42%
HBI	B	0.42%
WOOF	D	0.42%
UNFI	A	0.41%
RL	B	0.39%
LULU	C	0.39%
SIG	B	0.39%
DECK	A	0.39%
LVS	C	0.38%
WHR	B	0.37%
GRMN	B	0.37%
ANF	C	0.36%
SBH	C	0.36%
WYNN	D	0.36%
BZH	B	0.35%
LOW	D	0.35%
PCT	C	0.34%
FIVE	F	0.34%
DPZ	C	0.34%
PVH	C	0.34%
ALV	C	0.33%
BURL	A	0.33%
TAP	C	0.32%
MCD	D	0.32%
CHDN	B	0.32%
APO	B	0.31%
YETI	C	0.31%
ENR	B	0.31%
ETSY	D	0.3%
CHD	B	0.3%
ULTA	F	0.3%
ROST	C	0.29%
DKS	C	0.29%
GPC	D	0.29%
LC	A	0.28%
LEA	D	0.28%
TGT	F	0.28%
LNW	D	0.28%
DOLE	D	0.27%
SQ	B	0.27%
MELI	D	0.27%
WBA	F	0.27%
STZ	D	0.27%
ODP	F	0.27%
AX	A	0.26%
DAN	D	0.26%
PEP	F	0.26%
CVS	D	0.26%
APTV	D	0.25%
CL	D	0.25%
GS	A	0.25%
KKR	A	0.25%
FI	A	0.25%
AMP	A	0.25%
CAL	D	0.25%
BG	F	0.25%
TROW	B	0.24%
AXP	A	0.24%
CROX	D	0.24%
BLK	C	0.24%
BHF	B	0.24%
CINF	A	0.23%
AGO	B	0.23%
PRU	A	0.23%
EWTX	C	0.23%
AIZ	A	0.23%
CPAY	A	0.23%
PRG	C	0.22%
SIGI	C	0.22%
GPN	B	0.22%
WTW	B	0.22%
COOP	B	0.22%
LBPH	A	0.22%
BR	A	0.22%
TRV	B	0.22%
NATL	B	0.21%
GL	B	0.21%
PGR	A	0.21%
AXON	A	0.21%
VRT	B	0.21%
AER	B	0.21%
BFH	B	0.21%
MSCI	C	0.21%
BRO	B	0.21%
ALL	A	0.21%
LDI	C	0.2%
ICE	C	0.2%
STRL	B	0.2%
MKTX	D	0.2%
CME	A	0.2%
HIG	B	0.2%
CRS	A	0.2%
GATO	D	0.2%
RNR	C	0.2%
ZIM	C	0.2%
NAVI	C	0.19%
ACGL	D	0.19%
DAL	C	0.19%
PMT	D	0.19%
CBOE	B	0.19%
CB	C	0.19%
FIX	A	0.18%
APD	A	0.18%
EME	C	0.18%
GTLS	B	0.18%
PAYC	B	0.18%
XPO	B	0.18%
LPX	B	0.18%
EXP	A	0.18%
SKYW	B	0.18%
HQY	B	0.17%
JBLU	F	0.17%
AVNT	B	0.17%
HASI	D	0.17%
PEN	B	0.16%
EMN	D	0.16%
DOCU	A	0.16%
PCTY	B	0.16%
AIT	A	0.16%
ACHR	B	0.16%
INCY	C	0.16%
VERA	B	0.16%
GNRC	B	0.16%
HON	B	0.15%
ECL	D	0.15%
HUBB	B	0.15%
ESTC	C	0.15%
GFF	A	0.15%
ISRG	A	0.15%
PCAR	B	0.15%
PEGA	A	0.15%
JAZZ	B	0.15%
PH	A	0.15%
TPC	C	0.15%
SAIA	B	0.15%
PODD	C	0.15%
CLOV	D	0.15%
PNR	A	0.15%
PHIN	A	0.14%
THC	D	0.14%
STGW	B	0.14%
ZBH	C	0.14%
MRC	B	0.14%
DGX	A	0.14%
WST	C	0.14%
LECO	B	0.14%
UTHR	C	0.14%
CAH	B	0.14%
LIVN	F	0.14%
AKRO	B	0.14%
REVG	B	0.14%
DVA	B	0.14%
SYK	C	0.14%
CAT	B	0.14%
WDAY	B	0.13%
BV	B	0.13%
ALGN	D	0.13%
FDX	B	0.13%
NBIX	C	0.13%
VRTX	F	0.13%
SAVA	D	0.13%
OSK	B	0.13%
PBI	B	0.13%
WWD	B	0.13%
ASH	D	0.13%
MANH	D	0.13%
AHCO	F	0.12%
SHC	F	0.12%
AOS	F	0.12%
KRYS	B	0.12%
MOH	F	0.12%
RPRX	D	0.12%
XYL	D	0.12%
STE	F	0.12%
RSG	A	0.12%
ETNB	C	0.12%
DAWN	F	0.12%
IQV	D	0.11%
EFX	F	0.11%
COGT	D	0.11%
SRPT	D	0.11%
BAX	D	0.11%
DLR	B	0.11%
SNDX	F	0.11%
KURA	F	0.11%
VNO	B	0.11%
BA	F	0.11%
ADBE	C	0.11%
UHS	D	0.11%
IDXX	F	0.11%
DYN	F	0.11%
UNIT	B	0.1%
EQIX	A	0.1%
RHP	B	0.1%
CGEM	F	0.1%
WELL	A	0.1%
SPG	B	0.1%
LNTH	D	0.1%
EXPI	C	0.1%
CBRE	B	0.1%
OMI	F	0.1%
HII	D	0.09%
CPT	B	0.09%
PEB	D	0.09%
NEXT	B	0.09%
ELS	C	0.09%
PK	B	0.09%
CE	F	0.09%
LAMR	D	0.09%
WY	D	0.09%
SBRA	C	0.09%
OGN	D	0.09%
NMRK	B	0.09%
REXR	F	0.08%
NVRI	F	0.08%
RDFN	D	0.08%
SBAC	D	0.08%
EGP	F	0.08%
TDW	F	0.08%
ICLR	D	0.08%
PRIM	A	0.08%
CEG	D	0.07%
KNTK	B	0.07%
BKR	B	0.07%
WMB	A	0.07%
BKD	D	0.07%
AMT	D	0.07%
TRGP	B	0.07%
DTM	B	0.07%
ATO	A	0.06%
WKC	D	0.06%
ETR	B	0.06%
SLB	C	0.06%
OII	B	0.06%
WHD	B	0.06%
FTI	A	0.06%
SANA	F	0.06%
NRG	B	0.06%
EIX	B	0.05%
VAL	D	0.05%
DUK	C	0.05%
DTE	C	0.05%
APA	D	0.05%
SO	D	0.05%
WFRD	D	0.05%
DK	C	0.05%
SWX	B	0.05%
AES	F	0.04%
NFE	D	0.04%
HE	C	0.04%

OPTZ Underweight 29 Positions Relative to FMAG

Symbol	Grade	Weight
MSFT	F	-7.8%
GOOGL	C	-3.11%
AVGO	D	-3.01%
LLY	F	-2.51%
MA	C	-2.07%
ORCL	B	-1.8%
GE	D	-1.61%
GOOG	C	-1.6%
INTU	C	-1.44%
TDG	D	-1.42%
KLAC	D	-1.38%
DHR	F	-1.37%
MMC	B	-1.3%
BSX	B	-1.29%
HLT	A	-1.29%
LRCX	F	-1.28%
HEI	B	-1.26%
AJG	B	-1.25%
CTAS	B	-1.24%
HCA	F	-1.22%
APH	A	-1.18%
AZO	C	-1.16%
IT	C	-1.15%
WSO	A	-1.14%
AME	A	-1.14%
CPRT	A	-1.11%
WCN	A	-1.03%
NVO	D	-1.02%
IR	B	-0.16%