DSTL vs. FFLC ETF Comparison

Comparison of Distillate U.S. Fundamental Stability & Value ETF (DSTL) to Fidelity Fundamental Large Cap Core ETF (FFLC)

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$56.20

Average Daily Volume

93,384

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$44.65

Average Daily Volume

94,956

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	DSTL	FFLC
30 Days	3.37%	1.16%
60 Days	4.48%	2.22%
90 Days	9.05%	2.05%
12 Months	24.35%	33.81%

17 Overlapping Holdings

Symbol	Grade	Weight in DSTL	Weight in FFLC	Overlap
ABNB	D	0.72%	0.5%	0.5%
BKNG	B	1.21%	0.61%	0.61%
BLDR	C	0.91%	0.39%	0.39%
CI	B	1.62%	0.52%	0.52%
CMCSA	D	1.87%	1.16%	1.16%
CRM	D	1.5%	0.98%	0.98%
CSCO	C	1.73%	0.44%	0.44%
DKS	D	0.64%	0.21%	0.21%
JBL	D	0.65%	0.67%	0.65%
LEN	B	1.08%	0.39%	0.39%
LMT	B	1.41%	0.68%	0.68%
NVR	B	0.89%	0.45%	0.45%
ON	D	0.77%	0.69%	0.69%
PH	B	1.04%	1.02%	1.02%
UNH	C	3.83%	1.72%	1.72%
URI	C	0.94%	0.37%	0.37%
WSC	D	0.66%	0.32%	0.32%

DSTL Overweight 81 Positions Relative to FFLC

Symbol	Grade	Weight
ABBV	B	2.88%
JNJ	B	2.84%
TMUS	A	2.31%
HD	B	2.0%
AMGN	B	1.82%
MO	C	1.6%
ABT	B	1.53%
ELV	B	1.45%
LOW	B	1.42%
BLK	A	1.32%
ADP	A	1.18%
PYPL	B	1.17%
EPD	A	1.1%
HON	D	1.09%
CME	B	1.07%
GD	B	1.02%
FTNT	B	0.99%
AJG	A	0.99%
PHM	B	0.96%
GIS	B	0.95%
ITW	B	0.93%
CTSH	B	0.92%
FIS	A	0.92%
KR	B	0.9%
PAYX	B	0.89%
FANG	F	0.89%
MCK	F	0.89%
CBOE	B	0.88%
PCAR	D	0.88%
TOL	B	0.87%
OMC	B	0.87%
CMI	C	0.87%
HSY	B	0.87%
SYY	C	0.86%
SSNC	A	0.85%
CPAY	C	0.84%
UHS	B	0.83%
TFX	B	0.81%
FFIV	A	0.81%
MAS	B	0.81%
EA	C	0.8%
ZM	C	0.79%
TDY	B	0.79%
GDDY	D	0.79%
ALLE	A	0.78%
EPAM	D	0.77%
PKG	B	0.77%
DOX	C	0.76%
USFD	A	0.75%
WEX	C	0.75%
AME	D	0.75%
AKAM	D	0.74%
DBX	D	0.74%
DRI	C	0.74%
HII	D	0.72%
VRSN	D	0.72%
TXT	D	0.72%
SWKS	F	0.71%
GGG	C	0.7%
JAZZ	D	0.7%
ULTA	D	0.7%
GPC	D	0.69%
MIDD	D	0.69%
GMED	D	0.69%
EMN	A	0.68%
MTN	D	0.67%
IEX	D	0.67%
LKQ	D	0.67%
ICLR	F	0.66%
NTAP	D	0.65%
AOS	D	0.64%
RHI	D	0.64%
QRVO	F	0.64%
OC	C	0.64%
ALGN	D	0.64%
BLD	D	0.64%
WSM	C	0.62%
LECO	D	0.62%
PR	D	0.61%
ETSY	F	0.59%
CROX	C	0.57%

DSTL Underweight 116 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	C	-7.7%
AAPL	D	-4.51%
NVDA	D	-3.39%
AMZN	C	-3.26%
META	B	-2.57%
GOOGL	D	-2.4%
LLY	C	-1.93%
V	A	-1.63%
XOM	D	-1.49%
ADBE	D	-1.41%
BA	F	-1.31%
AMD	D	-1.27%
BSX	B	-1.23%
TJX	B	-1.2%
WFC	F	-1.08%
NFLX	B	-1.06%
ETN	C	-1.05%
UBER	C	-1.04%
TMO	B	-1.03%
JPM	D	-0.98%
CB	B	-0.97%
INTU	C	-0.92%
NKE	D	-0.92%
PWR	C	-0.92%
GE	A	-0.9%
BAC	D	-0.9%
KVUE	B	-0.88%
DHR	B	-0.82%
SO	A	-0.82%
LIN	B	-0.81%
ORCL	B	-0.79%
REGN	C	-0.76%
FCX	D	-0.75%
CAT	C	-0.75%
KO	B	-0.73%
IR	D	-0.73%
APTV	F	-0.71%
BKR	D	-0.7%
SHOP	C	-0.69%
NXPI	F	-0.68%
SYK	B	-0.67%
HWM	B	-0.67%
GNRC	D	-0.66%
CEG	C	-0.66%
VST	C	-0.65%
KDP	B	-0.63%
MS	D	-0.6%
NOC	B	-0.6%
SLB	F	-0.6%
BJ	D	-0.58%
TSM	C	-0.58%
DIS	D	-0.57%
PFGC	B	-0.57%
ADI	D	-0.55%
MMC	A	-0.53%
FLEX	D	-0.52%
LNG	C	-0.51%
CNC	C	-0.51%
RL	B	-0.51%
WMT	B	-0.49%
CE	D	-0.49%
HLT	B	-0.49%
MLM	D	-0.48%
CLX	B	-0.47%
AZN	D	-0.47%
VRT	C	-0.46%
BWXT	D	-0.45%
SNPS	D	-0.44%
WDAY	D	-0.44%
DT	C	-0.43%
KBR	D	-0.42%
ESI	D	-0.42%
CMG	C	-0.42%
ARES	C	-0.41%
FCN	C	-0.41%
SPOT	C	-0.4%
ITT	C	-0.39%
CBRE	B	-0.39%
FOUR	C	-0.39%
AVY	B	-0.38%
EDR	A	-0.37%
GS	D	-0.33%
HLI	A	-0.32%
TRNO	B	-0.32%
HES	F	-0.32%
FTI	D	-0.29%
GILD	B	-0.29%
HOLX	B	-0.28%
EL	F	-0.27%
MDB	D	-0.27%
CHDN	B	-0.27%
SAM	F	-0.27%
MRK	D	-0.26%
GLPI	B	-0.26%
TT	A	-0.26%
ASML	D	-0.25%
NVO	C	-0.25%
FSLR	D	-0.25%
AR	D	-0.24%
ACGL	A	-0.24%
FND	C	-0.24%
TER	D	-0.22%
WST	F	-0.22%
STZ	C	-0.2%
WNS	D	-0.19%
ESS	A	-0.18%
FAF	A	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	C	-0.16%
MU	F	-0.14%
MASI	D	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%