FCPI vs. PVAL ETF Comparison

Comparison of Fidelity Stocks for Inflation ETF (FCPI) to Putnam Focused Large Cap Value ETF (PVAL)

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$46.12

Average Daily Volume

22,278

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

PVAL

Putnam Focused Large Cap Value ETF

PVAL Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index (the parent index) that appear to be undervalued by the market relative to their fundamental value.

Grade (RS Rating)

Last Trade

$39.58

Average Daily Volume

300,953

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCPI	PVAL
30 Days	5.93%	3.78%
60 Days	6.96%	5.04%
90 Days	8.65%	6.43%
12 Months	39.44%	34.54%

12 Overlapping Holdings

Symbol	Grade	Weight in FCPI	Weight in PVAL	Overlap
ABBV	D	1.45%	1.43%	1.43%
C	A	0.7%	3.55%	0.7%
COF	B	0.72%	2.6%	0.72%
MCK	B	1.17%	2.14%	1.17%
MSFT	F	4.79%	2.48%	2.48%
NRG	B	2.51%	1.49%	1.49%
NXPI	D	0.26%	2.76%	0.26%
PHM	D	0.29%	2.69%	0.29%
QCOM	F	0.44%	1.72%	0.44%
REGN	F	0.85%	1.44%	0.85%
TMUS	B	0.13%	1.49%	0.13%
VLO	C	1.81%	1.37%	1.37%

FCPI Overweight 89 Positions Relative to PVAL

Symbol	Grade	Weight
NVDA	C	5.6%
AAPL	C	5.11%
VST	B	4.0%
TPL	A	3.42%
CF	B	2.69%
STLD	B	2.59%
NUE	C	2.2%
PG	A	2.18%
AM	A	2.11%
BRBR	A	2.07%
LLY	F	2.02%
SPG	B	2.02%
AMZN	C	1.95%
MPC	D	1.86%
MO	A	1.75%
VICI	C	1.73%
HST	C	1.71%
KMB	D	1.47%
GOOGL	C	1.45%
CL	D	1.45%
COKE	C	1.42%
AVGO	D	1.27%
UTHR	C	1.19%
CI	F	1.18%
V	A	1.13%
THC	D	1.09%
HCA	F	1.07%
RPRX	D	0.98%
UHS	D	0.97%
META	D	0.96%
ELV	F	0.94%
APP	B	0.92%
MEDP	D	0.89%
PGR	A	0.78%
AMP	A	0.75%
SYF	B	0.7%
DFS	B	0.69%
CAT	B	0.63%
FIX	A	0.61%
RNR	C	0.6%
JXN	C	0.6%
EME	C	0.6%
HIG	B	0.59%
CRBG	B	0.57%
MLI	C	0.55%
RGA	A	0.54%
BKNG	A	0.52%
MTG	C	0.52%
IBM	C	0.51%
LDOS	C	0.48%
CSL	C	0.46%
OC	A	0.45%
BCC	B	0.43%
PANW	C	0.43%
CRWD	B	0.42%
AMAT	F	0.38%
FICO	B	0.37%
ANET	C	0.36%
WSM	B	0.35%
APH	A	0.35%
MU	D	0.35%
NFLX	A	0.33%
EBAY	D	0.32%
ABNB	C	0.32%
DOCU	A	0.31%
TOL	B	0.31%
LRCX	F	0.3%
GDDY	A	0.3%
ZM	B	0.29%
DELL	C	0.29%
KLAC	D	0.28%
ANF	C	0.27%
ATKR	C	0.27%
HRB	D	0.27%
GEN	B	0.25%
CVLT	B	0.24%
ACIW	B	0.24%
GAP	C	0.24%
NTAP	C	0.23%
DBX	B	0.23%
QLYS	C	0.21%
DIS	B	0.19%
ONTO	D	0.19%
CRUS	D	0.17%
SWKS	F	0.17%
T	A	0.16%
CMCSA	B	0.16%
VZ	C	0.16%
PINS	D	0.04%

FCPI Underweight 32 Positions Relative to PVAL

Symbol	Grade	Weight
WMT	A	-4.2%
XOM	B	-3.89%
TMO	F	-3.56%
BAC	A	-3.44%
ORCL	B	-3.33%
UNH	C	-3.27%
KO	D	-2.91%
HLT	A	-2.66%
SNY	F	-2.58%
FCX	D	-2.38%
LUV	C	-2.37%
FDX	B	-2.37%
GLPI	C	-2.3%
COP	C	-2.28%
APO	B	-2.25%
NOC	D	-2.21%
IR	B	-2.13%
AIG	B	-2.11%
GS	A	-2.03%
PM	B	-2.0%
NEE	D	-1.92%
PPL	B	-1.78%
GM	B	-1.75%
AZN	D	-1.71%
BJ	A	-1.67%
SCHW	B	-1.59%
JCI	C	-1.52%
EMN	D	-1.45%
BALL	D	-1.37%
CTVA	C	-1.35%
URI	B	-1.17%
CHTR	C	-0.94%