VUSE vs. FMAG ETF Comparison

Comparison of Vident Core US Equity ETF (VUSE) to Fidelity Magellan ETF (FMAG)

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$61.08

Average Daily Volume

12,197

Number of Holdings ^*

126

* 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	VUSE	FMAG
30 Days	5.99%	2.27%
60 Days	7.30%	3.20%
90 Days	9.69%	5.20%
12 Months	26.60%	35.72%

23 Overlapping Holdings

Symbol	Grade	Weight in VUSE	Weight in FMAG	Overlap
AMAT	F	1.02%	1.43%	1.02%
AMZN	C	2.68%	4.55%	2.68%
ANET	C	0.38%	1.36%	0.38%
AVGO	D	1.72%	3.01%	1.72%
BSX	B	0.41%	1.29%	0.41%
COST	B	0.78%	1.87%	0.78%
CTAS	B	0.59%	1.24%	0.59%
GOOGL	C	0.96%	3.11%	0.96%
IT	C	0.5%	1.15%	0.5%
KLAC	D	0.69%	1.38%	0.69%
LLY	F	0.81%	2.51%	0.81%
MA	C	2.08%	2.07%	2.07%
MAR	B	1.12%	1.21%	1.12%
META	D	0.97%	3.88%	0.97%
MSFT	F	1.8%	7.8%	1.8%
MSI	B	1.33%	1.24%	1.24%
NVDA	C	1.84%	7.21%	1.84%
ORCL	B	2.4%	1.8%	1.8%
SHW	A	0.93%	1.34%	0.93%
SNPS	B	1.16%	1.19%	1.16%
TDG	D	0.52%	1.42%	0.52%
V	A	2.17%	2.06%	2.06%
VRSK	A	0.22%	1.09%	0.22%

VUSE Overweight 103 Positions Relative to FMAG

Symbol	Grade	Weight
JPM	A	2.09%
WMT	A	2.06%
HD	A	2.05%
CVX	A	2.02%
BAC	A	1.97%
XOM	B	1.89%
AAPL	C	1.87%
JNJ	D	1.76%
KO	D	1.56%
BKNG	A	1.54%
MRK	F	1.49%
NFLX	A	1.44%
CMG	B	1.25%
PG	A	1.2%
ECL	D	1.16%
UBER	D	1.11%
T	A	1.1%
RDDT	B	1.04%
ADP	B	1.02%
ABBV	D	1.01%
MO	A	1.0%
SBUX	A	0.98%
MCD	D	0.94%
TJX	A	0.93%
POWL	C	0.87%
ADBE	C	0.83%
FTNT	C	0.81%
IDCC	A	0.8%
TMUS	B	0.78%
EME	C	0.77%
AMP	A	0.75%
IESC	B	0.74%
AYI	B	0.74%
PIPR	B	0.73%
SYK	C	0.73%
ITW	B	0.72%
CAT	B	0.72%
CORT	B	0.7%
JXN	C	0.69%
FICO	B	0.69%
EQH	B	0.66%
WDAY	B	0.66%
NOW	A	0.65%
AMR	C	0.64%
CVLT	B	0.64%
ZTS	D	0.64%
EXEL	B	0.63%
PLTR	B	0.6%
EPAC	B	0.6%
NRG	B	0.58%
NYT	C	0.56%
GWW	B	0.56%
FAST	B	0.56%
BOX	B	0.55%
PLMR	B	0.54%
UTHR	C	0.54%
EA	A	0.52%
PAYX	C	0.51%
VST	B	0.5%
RMD	C	0.5%
NKE	D	0.5%
ERIE	D	0.5%
LSCC	D	0.5%
ODFL	B	0.5%
CASH	A	0.48%
YELP	C	0.48%
MSCI	C	0.48%
RMBS	C	0.47%
TREX	C	0.47%
DBRG	F	0.46%
QLYS	C	0.46%
JLL	D	0.46%
PLAB	C	0.46%
MTG	C	0.46%
SHO	C	0.45%
EOG	A	0.43%
DFIN	D	0.42%
JKHY	D	0.41%
MTD	D	0.39%
CRUS	D	0.37%
ON	D	0.37%
A	D	0.36%
MANH	D	0.35%
OTTR	C	0.35%
CSL	C	0.35%
CRWD	B	0.31%
DOCU	A	0.29%
HCC	B	0.27%
PANW	C	0.26%
ACLS	F	0.26%
NSSC	D	0.25%
DBX	B	0.24%
BMI	B	0.23%
TRIP	F	0.21%
PINS	D	0.2%
AOS	F	0.19%
MEDP	D	0.18%
APPF	B	0.15%
SPG	B	0.14%
ABNB	C	0.14%
PSTG	D	0.13%
CMCSA	B	0.13%
SEIC	B	0.11%

VUSE Underweight 34 Positions Relative to FMAG

Symbol	Grade	Weight
UNH	C	-2.31%
GE	D	-1.61%
GOOG	C	-1.6%
TMO	F	-1.6%
LIN	D	-1.55%
SPGI	C	-1.51%
INTU	C	-1.44%
DHR	F	-1.37%
TT	A	-1.34%
ETN	A	-1.33%
MCO	B	-1.33%
MMC	B	-1.3%
URI	B	-1.3%
HLT	A	-1.29%
LRCX	F	-1.28%
HEI	B	-1.26%
AJG	B	-1.25%
PWR	A	-1.24%
HCA	F	-1.22%
WAB	B	-1.19%
APH	A	-1.18%
CDNS	B	-1.17%
ORLY	B	-1.17%
AZO	C	-1.16%
ARES	A	-1.15%
WSO	A	-1.14%
AME	A	-1.14%
CPRT	A	-1.11%
MLM	B	-1.09%
VMC	B	-1.08%
WCN	A	-1.03%
NVO	D	-1.02%
COR	B	-0.86%
IR	B	-0.16%