FDLO vs. FCTR ETF Comparison

Comparison of Fidelity Low Volatility Factor ETF (FDLO) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

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

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

166

* may have additional holdings in another (foreign) market

Performance

Period	FDLO	FCTR
30 Days	0.81%	9.38%
60 Days	1.49%	12.16%
90 Days	4.05%	17.79%
12 Months	21.68%	36.88%

51 Overlapping Holdings

Symbol	Grade	Weight in FDLO	Weight in FCTR	Overlap
AAPL	C	7.26%	0.66%	0.66%
ADP	B	0.66%	1.1%	0.66%
AEE	A	0.26%	0.45%	0.26%
AEP	D	0.28%	0.41%	0.28%
AMT	D	0.29%	0.34%	0.29%
BDX	F	0.6%	0.39%	0.39%
BRK.A	B	2.13%	0.24%	0.24%
CB	C	0.72%	0.23%	0.23%
CL	D	0.35%	1.01%	0.35%
CMS	C	0.24%	0.46%	0.24%
CSCO	B	1.77%	0.25%	0.25%
DUK	C	0.35%	0.49%	0.35%
ED	D	0.25%	0.43%	0.25%
EQR	B	0.18%	0.4%	0.18%
ERIE	D	0.45%	0.45%	0.45%
ETN	A	0.72%	0.3%	0.3%
FAST	B	0.54%	0.52%	0.52%
FDS	B	0.59%	0.9%	0.59%
GIS	D	0.28%	0.35%	0.28%
HON	B	0.7%	0.24%	0.24%
HSY	F	0.24%	0.19%	0.19%
ITW	B	0.56%	0.84%	0.56%
KMB	D	0.3%	0.39%	0.3%
KO	D	0.66%	0.52%	0.52%
LLY	F	1.57%	0.72%	0.72%
LMT	D	0.58%	0.45%	0.45%
LNG	B	0.28%	0.52%	0.28%
MA	C	1.34%	1.36%	1.34%
MCD	D	0.8%	0.65%	0.65%
MDLZ	F	0.37%	0.19%	0.19%
MMC	B	0.67%	0.54%	0.54%
MSFT	F	6.93%	0.36%	0.36%
MSI	B	1.49%	1.73%	1.49%
NOC	D	0.5%	0.4%	0.4%
O	D	0.22%	0.41%	0.22%
ORCL	B	2.01%	0.51%	0.51%
ORLY	B	0.53%	0.43%	0.43%
PAYX	C	0.51%	1.42%	0.51%
PEP	F	0.62%	0.2%	0.2%
PG	A	0.99%	0.52%	0.52%
PGR	A	0.84%	0.48%	0.48%
PSA	D	0.25%	0.34%	0.25%
ROP	B	1.21%	0.42%	0.42%
RSG	A	0.47%	0.24%	0.24%
SO	D	0.37%	0.44%	0.37%
TJX	A	0.65%	0.6%	0.6%
V	A	1.47%	1.34%	1.34%
VRSN	F	1.08%	0.87%	0.87%
VRTX	F	0.69%	0.37%	0.37%
WEC	A	0.27%	0.48%	0.27%
WM	A	0.55%	0.22%	0.22%

FDLO Overweight 74 Positions Relative to FCTR

Symbol	Grade	Weight
GOOGL	C	4.12%
AMZN	C	3.92%
JPM	A	1.89%
ACN	C	1.6%
UNH	C	1.55%
IBM	C	1.54%
TXN	C	1.48%
HD	A	1.19%
TYL	B	1.19%
JNJ	D	1.18%
XOM	B	1.17%
DOX	D	1.08%
AKAM	D	1.03%
T	A	0.99%
ABBV	D	0.98%
TMUS	B	0.97%
CMCSA	B	0.95%
WMT	A	0.95%
VZ	C	0.93%
ABT	B	0.9%
MRK	F	0.88%
TMO	F	0.78%
EA	A	0.72%
LOW	D	0.71%
AMGN	D	0.71%
SBUX	A	0.7%
CVX	A	0.69%
TRV	B	0.69%
CME	A	0.69%
UNP	C	0.63%
PM	B	0.62%
AJG	B	0.61%
AIZ	A	0.61%
WRB	A	0.56%
NKE	D	0.56%
CBOE	B	0.55%
LIN	D	0.53%
JKHY	D	0.51%
GRMN	B	0.51%
REGN	F	0.5%
GD	F	0.49%
LHX	C	0.49%
OTIS	C	0.47%
AZO	C	0.47%
TSCO	D	0.46%
BAH	F	0.43%
COP	C	0.41%
J	F	0.39%
WMB	A	0.34%
FCN	D	0.34%
EOG	A	0.32%
EQIX	A	0.31%
XEL	A	0.3%
SHW	A	0.3%
KMI	A	0.3%
HII	D	0.29%
APD	A	0.27%
DLR	B	0.26%
ECL	D	0.24%
DTM	B	0.23%
CCI	D	0.21%
VMC	B	0.2%
CTVA	C	0.2%
PKG	A	0.19%
MLM	B	0.19%
CTRA	B	0.19%
CSGP	D	0.18%
MAA	B	0.18%
ADC	B	0.16%
AMH	D	0.16%
ELS	C	0.16%
ATR	B	0.16%
AMCR	D	0.15%
AVY	D	0.14%

FDLO Underweight 115 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.82%
PLTR	B	-2.43%
MSTR	C	-2.06%
VST	B	-1.86%
FICO	B	-1.51%
AXON	A	-1.45%
BR	A	-1.37%
SYK	C	-1.36%
ANET	C	-1.24%
CTAS	B	-1.05%
ARES	A	-1.04%
APO	B	-1.03%
TDG	D	-0.99%
YUM	B	-0.95%
BRO	B	-0.94%
VRSK	A	-0.93%
HOOD	B	-0.92%
FI	A	-0.92%
ISRG	A	-0.91%
ROL	B	-0.9%
TT	A	-0.82%
THC	D	-0.81%
ACGL	D	-0.8%
LDOS	C	-0.8%
HWM	A	-0.79%
SYY	B	-0.77%
EME	C	-0.77%
NVDA	C	-0.77%
ICE	C	-0.77%
TPL	A	-0.75%
TRGP	B	-0.73%
MANH	D	-0.7%
CRWD	B	-0.68%
KKR	A	-0.68%
VICI	C	-0.63%
PH	A	-0.62%
IRM	D	-0.61%
TTD	B	-0.59%
NET	B	-0.58%
DDOG	A	-0.56%
RCL	A	-0.56%
HUBS	A	-0.55%
NI	A	-0.55%
CDNS	B	-0.54%
ZS	C	-0.53%
SBAC	D	-0.53%
TOL	B	-0.52%
NOW	A	-0.51%
SNOW	C	-0.51%
TTWO	A	-0.51%
PPL	B	-0.51%
FE	C	-0.5%
SRE	A	-0.5%
PANW	C	-0.5%
ETR	B	-0.5%
MSCI	C	-0.49%
DRI	B	-0.49%
RBLX	C	-0.49%
LNT	A	-0.49%
DASH	A	-0.47%
NFLX	A	-0.47%
SPGI	C	-0.47%
ROST	C	-0.47%
BSX	B	-0.47%
BLK	C	-0.45%
DPZ	C	-0.45%
META	D	-0.45%
SNPS	B	-0.44%
AVB	B	-0.43%
ALNY	D	-0.43%
AVGO	D	-0.43%
EIX	B	-0.43%
ADSK	A	-0.42%
KDP	D	-0.42%
PHM	D	-0.42%
GLPI	C	-0.42%
URI	B	-0.41%
PPG	F	-0.41%
MDB	C	-0.4%
EXC	C	-0.4%
DXCM	D	-0.4%
DTE	C	-0.4%
AFL	B	-0.4%
MDT	D	-0.39%
MCO	B	-0.39%
CARR	D	-0.38%
AWK	D	-0.38%
LW	C	-0.37%
ADBE	C	-0.37%
PWR	A	-0.37%
INTU	C	-0.37%
LII	A	-0.37%
BSY	D	-0.37%
NVR	D	-0.36%
BX	A	-0.36%
OKE	A	-0.36%
COST	B	-0.34%
DHI	D	-0.34%
CSL	C	-0.33%
HCA	F	-0.33%
KLAC	D	-0.32%
RIVN	F	-0.32%
MPWR	F	-0.31%
IDXX	F	-0.31%
FCNCA	A	-0.31%
BKNG	A	-0.29%
GWW	B	-0.28%
ATO	A	-0.27%
CPAY	A	-0.26%
CHD	B	-0.23%
CMG	B	-0.22%
AME	A	-0.22%
PCAR	B	-0.19%
MNST	C	-0.19%
LECO	B	-0.17%