FDLO vs. ALAI ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to Alger AI Enablers & Adopters ETF (ALAI)

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.07

Average Daily Volume

89,785

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

ALAI

Alger AI Enablers & Adopters ETF

ALAI Description

ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.

Grade (RS Rating)

Last Trade

$22.82

Average Daily Volume

4,432

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	ALAI
30 Days	2.72%	4.04%
60 Days	5.11%	6.17%
90 Days	6.79%	3.40%
12 Months	23.48%

3 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in ALAI	Overlap
AAPL	C	7.33%	7.32%	7.32%
AMZN	C	3.64%	10.18%	3.64%
MSFT	C	7.19%	13.68%	7.19%

FDLO Overweight 122 Positions Relative to ALAI

Symbol	Grade	Weight
GOOGL	D	3.68%
BRK.A	C	2.09%
LLY	C	1.98%
ORCL	C	1.76%
JPM	D	1.63%
ACN	C	1.61%
IBM	B	1.6%
UNH	C	1.57%
CSCO	C	1.54%
TXN	C	1.52%
V	C	1.38%
MSI	B	1.36%
MA	B	1.28%
JNJ	C	1.28%
ROP	C	1.24%
TYL	C	1.19%
ABBV	C	1.18%
AKAM	D	1.16%
DOX	C	1.12%
VRSN	D	1.11%
HD	B	1.1%
XOM	C	1.1%
MRK	D	1.07%
PG	C	1.03%
VZ	B	1.0%
T	C	0.96%
TMO	B	0.96%
ABT	C	0.93%
WMT	C	0.91%
CMCSA	D	0.87%
TMUS	C	0.84%
PGR	B	0.84%
AMGN	B	0.84%
MCD	B	0.81%
KO	C	0.77%
REGN	C	0.76%
CB	B	0.73%
MMC	C	0.71%
SBUX	C	0.71%
VRTX	D	0.71%
PEP	C	0.7%
CME	C	0.69%
UNP	C	0.68%
LOW	B	0.66%
EA	D	0.65%
TJX	B	0.65%
HON	D	0.64%
TRV	C	0.63%
LMT	C	0.63%
BDX	D	0.63%
AJG	D	0.62%
PM	C	0.62%
ADP	B	0.62%
ETN	C	0.61%
CVX	D	0.6%
CBOE	C	0.59%
NKE	D	0.58%
ERIE	B	0.57%
LIN	B	0.56%
FDS	C	0.55%
NOC	B	0.54%
AIZ	B	0.54%
WM	D	0.53%
WRB	C	0.53%
ITW	C	0.52%
JKHY	B	0.52%
GD	B	0.52%
ORLY	C	0.5%
RSG	D	0.48%
AZO	D	0.48%
PAYX	C	0.48%
TSCO	C	0.47%
FAST	C	0.47%
GRMN	D	0.46%
LHX	C	0.46%
OTIS	C	0.45%
MDLZ	B	0.44%
BAH	C	0.44%
J	C	0.41%
CL	D	0.41%
SO	B	0.39%
HII	D	0.39%
FCN	D	0.39%
COP	D	0.38%
DUK	C	0.37%
AMT	C	0.36%
GIS	B	0.33%
KMB	D	0.33%
SHW	B	0.3%
EQIX	C	0.3%
AEP	C	0.3%
XEL	B	0.28%
HSY	C	0.28%
EOG	D	0.28%
WEC	C	0.27%
PSA	B	0.27%
WMB	B	0.27%
ED	C	0.27%
O	C	0.25%
ECL	B	0.25%
LNG	C	0.24%
KMI	B	0.24%
DLR	B	0.24%
APD	B	0.24%
CCI	C	0.24%
CMS	C	0.24%
AEE	C	0.24%
CTVA	B	0.21%
EQR	B	0.2%
CSGP	D	0.2%
MAA	B	0.19%
CTRA	D	0.18%
PKG	B	0.17%
VMC	D	0.17%
ELS	C	0.17%
AMH	C	0.17%
MLM	D	0.17%
DTM	B	0.17%
ADC	C	0.16%
AMCR	B	0.16%
AVY	C	0.16%
ATR	B	0.15%

FDLO Underweight 7 Positions Relative to ALAI

Symbol	Grade	Weight
NVDA	D	-11.1%
META	B	-6.36%
AVGO	C	-4.07%
APP	C	-3.74%
GOOG	D	-3.41%
NFLX	B	-2.55%
SPGI	B	-2.4%