DVAL vs. FFLV ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to Fidelity Fundamental Large Cap Value ETF (FFLV)

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

7,020

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLV Description

The fund will normally invest at least 80% of the fund"s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.11

Average Daily Volume

884

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	DVAL	FFLV
30 Days	4.63%	4.61%
60 Days	5.94%	5.50%
90 Days	7.93%	6.74%
12 Months	28.10%

19 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in FFLV	Overlap
AFG	A	0.58%	0.87%	0.58%
BC	C	0.35%	0.58%	0.35%
BG	F	0.7%	0.25%	0.25%
CMCSA	B	4.34%	2.31%	2.31%
CSCO	B	3.43%	3.48%	3.43%
GPK	C	0.1%	0.82%	0.1%
IPG	D	0.65%	0.42%	0.42%
JNJ	D	1.56%	2.03%	1.56%
LMT	D	4.4%	0.68%	0.68%
MDU	D	0.14%	0.27%	0.14%
MRK	F	0.35%	0.88%	0.35%
NXST	C	0.42%	0.22%	0.22%
OMF	A	0.45%	0.24%	0.24%
ORI	A	0.65%	0.75%	0.65%
SNX	C	0.18%	0.61%	0.18%
TPR	B	0.09%	0.17%	0.09%
TRGP	B	0.37%	0.84%	0.37%
WCC	B	0.0%	0.58%	0.0%
WFC	A	0.71%	3.09%	0.71%

DVAL Overweight 91 Positions Relative to FFLV

Symbol	Grade	Weight
IBM	C	4.21%
DE	A	3.88%
TMUS	B	3.65%
HON	B	3.53%
GM	B	3.32%
CAT	B	3.17%
COP	C	3.1%
MPC	D	2.74%
PYPL	B	2.36%
CVX	A	2.2%
BLDR	D	1.86%
AXP	A	1.5%
LYB	F	1.44%
STLD	B	1.41%
WMT	A	1.37%
MMM	D	1.33%
WMB	A	1.32%
VLO	C	1.26%
PCAR	B	1.2%
NUE	C	1.15%
CSL	C	1.06%
PHM	D	1.05%
EXPD	D	1.04%
KHC	F	0.98%
RS	B	0.97%
PG	A	0.96%
GIS	D	0.95%
SCI	B	0.93%
OC	A	0.9%
JBL	B	0.89%
CF	B	0.83%
EBAY	D	0.78%
NRG	B	0.77%
MGM	D	0.76%
CRBG	B	0.74%
PSX	C	0.71%
BMY	B	0.68%
DRI	B	0.67%
MLM	B	0.66%
EXPE	B	0.66%
MRO	B	0.64%
NVR	D	0.64%
AMGN	D	0.63%
AN	C	0.62%
CPAY	A	0.6%
EQH	B	0.6%
EOG	A	0.53%
BERY	B	0.52%
DIS	B	0.52%
FOXA	B	0.51%
TXT	D	0.5%
WH	B	0.49%
EVR	B	0.48%
ARMK	B	0.47%
SYY	B	0.45%
MTG	C	0.45%
VZ	C	0.43%
TRMB	B	0.41%
AMG	B	0.4%
FLEX	A	0.4%
RL	B	0.33%
KBH	D	0.33%
DVA	B	0.31%
SAIC	F	0.31%
TOL	B	0.31%
MUSA	A	0.29%
R	B	0.28%
DKS	C	0.27%
BCC	B	0.26%
RHI	B	0.26%
AM	A	0.25%
EMN	D	0.23%
AOS	F	0.23%
COKE	C	0.22%
EXP	A	0.22%
BLD	D	0.2%
PVH	C	0.19%
H	B	0.18%
INGR	B	0.17%
CBT	C	0.17%
CNM	D	0.17%
FANG	D	0.15%
NEU	C	0.14%
FMC	D	0.13%
WEX	D	0.13%
BYD	C	0.13%
CHX	C	0.1%
RDN	C	0.08%
OMC	C	0.05%
WSC	D	0.04%
VOYA	B	0.04%

DVAL Underweight 89 Positions Relative to FFLV

Symbol	Grade	Weight
XOM	B	-4.54%
JPM	A	-4.36%
HIG	B	-2.6%
BAC	A	-2.34%
UNH	C	-2.23%
TRV	B	-2.2%
ELV	F	-1.96%
KVUE	A	-1.95%
JCI	C	-1.84%
FDX	B	-1.7%
PLD	D	-1.66%
CI	F	-1.59%
EIX	B	-1.58%
USFD	A	-1.49%
PCG	A	-1.49%
ALSN	B	-1.38%
APO	B	-1.37%
WELL	A	-1.32%
SJM	D	-1.24%
CVS	D	-1.21%
AZN	D	-1.09%
BRK.A	B	-1.04%
WLK	D	-1.01%
RJF	A	-1.01%
TKR	D	-0.99%
CNC	D	-0.96%
MCHP	D	-0.94%
SRE	A	-0.89%
COR	B	-0.88%
TSM	B	-0.86%
DOX	D	-0.84%
GEN	B	-0.83%
KDP	D	-0.8%
UHAL	D	-0.8%
CB	C	-0.76%
GDDY	A	-0.7%
RRX	B	-0.69%
FLR	B	-0.68%
TPX	B	-0.67%
CNXC	F	-0.67%
PSA	D	-0.65%
LW	C	-0.65%
BCO	D	-0.6%
XPO	B	-0.58%
LOW	D	-0.58%
KO	D	-0.57%
CG	A	-0.56%
AES	F	-0.54%
ALLY	C	-0.54%
CEG	D	-0.52%
KEY	B	-0.52%
HPQ	B	-0.47%
SW	A	-0.47%
VST	B	-0.46%
UFPI	B	-0.46%
GMS	B	-0.46%
GPN	B	-0.44%
LAD	A	-0.43%
APTV	D	-0.39%
FAF	A	-0.38%
GTES	A	-0.38%
DOOO	F	-0.37%
LPX	B	-0.36%
OLN	D	-0.33%
HRI	B	-0.32%
CC	C	-0.31%
AAP	C	-0.31%
DAR	C	-0.31%
HOG	D	-0.3%
LITE	B	-0.29%
SLM	A	-0.28%
CPT	B	-0.28%
HRB	D	-0.27%
UPBD	B	-0.26%
G	B	-0.26%
PM	B	-0.22%
VSTS	C	-0.22%
CIEN	B	-0.22%
TEX	D	-0.21%
AR	B	-0.2%
COMP	B	-0.2%
SIG	B	-0.2%
SNY	F	-0.17%
CCI	D	-0.14%
MOH	F	-0.13%
EWBC	A	-0.13%
FCNCA	A	-0.12%
WBS	A	-0.11%
FTRE	D	-0.07%