QQQN vs. FCLD ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to Fidelity Cloud Computing ETF (FCLD)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$31.65

Average Daily Volume

6,312

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$27.41

Average Daily Volume

12,821

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	FCLD
30 Days	3.53%	8.75%
60 Days	4.80%	16.34%
90 Days	10.05%	17.54%
12 Months	35.21%	36.07%

6 Overlapping Holdings

Symbol	Grade	Weight in QQQN	Weight in FCLD	Overlap
MSTR	B	3.64%	4.16%	3.64%
NTAP	D	2.37%	2.09%	2.09%
NTNX	B	1.45%	1.92%	1.45%
STX	D	2.12%	1.94%	1.94%
WDC	D	2.23%	2.12%	2.12%
ZM	B	1.86%	2.14%	1.86%

QQQN Overweight 43 Positions Relative to FCLD

Symbol	Grade	Weight
APP	B	4.61%
ALNY	D	3.68%
MPWR	F	3.59%
AXON	B	3.25%
TSCO	D	3.07%
EBAY	C	3.03%
UAL	A	2.36%
CHKP	C	2.26%
ICLR	F	2.26%
TCOM	C	2.22%
PTC	B	2.16%
FSLR	F	2.01%
TER	F	1.98%
STLD	C	1.94%
EXPE	B	1.92%
ZBRA	B	1.86%
HOLX	D	1.84%
SSNC	C	1.81%
ARGX	B	1.77%
VRSN	C	1.77%
JBHT	C	1.74%
DKNG	B	1.73%
ULTA	C	1.68%
GEN	B	1.61%
MANH	C	1.61%
LNT	C	1.55%
ENTG	F	1.52%
AKAM	F	1.52%
UTHR	B	1.52%
ALGN	D	1.51%
SNY	F	1.51%
SWKS	F	1.48%
NTRA	B	1.43%
NDSN	B	1.39%
BSY	F	1.39%
CPB	F	1.37%
BMRN	F	1.3%
BNTX	D	1.06%
ENPH	F	1.04%
NWSA	B	0.95%
FOXA	A	0.92%
FOX	A	0.88%
NWS	B	0.51%

QQQN Underweight 42 Positions Relative to FCLD

Symbol	Grade	Weight
ORCL	A	-4.96%
CRM	B	-4.79%
NOW	A	-4.65%
INTU	A	-4.18%
MSFT	C	-3.95%
EQIX	B	-3.26%
DLR	C	-3.0%
TEAM	B	-2.94%
DDOG	B	-2.63%
WDAY	B	-2.63%
HUBS	B	-2.6%
SNOW	C	-2.55%
HPE	B	-2.38%
TWLO	B	-2.27%
DAY	B	-2.1%
MDB	C	-1.94%
PSTG	D	-1.93%
FFIV	B	-1.89%
XRX	F	-1.77%
DT	C	-1.73%
CFLT	B	-1.6%
ESTC	C	-1.49%
CVLT	B	-1.49%
DBX	B	-1.45%
GTLB	B	-1.38%
PATH	C	-1.26%
RNG	C	-1.23%
PEGA	B	-1.23%
BOX	A	-1.2%
VERX	B	-1.19%
SMCI	F	-1.17%
AI	C	-1.14%
FROG	C	-1.06%
TDC	F	-1.01%
FIVN	C	-0.99%
DOCN	C	-0.92%
PD	C	-0.91%
FSLY	D	-0.86%
INFA	F	-0.77%
VRNT	D	-0.74%
VNET	D	-0.74%
SWI	B	-0.66%