FFLC vs. AFLG ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Active Factor Large Cap ETF (AFLG)

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

$45.51

Average Daily Volume

94,792

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.69

Average Daily Volume

7,866

Number of Holdings ^*

248

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	AFLG
30 Days	2.52%	3.22%
60 Days	4.79%	5.50%
90 Days	4.60%	6.21%
12 Months	37.58%	35.25%

51 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in AFLG	Overlap
AAPL	C	4.51%	7.45%	4.51%
ACGL	C	0.24%	0.22%	0.22%
ADBE	F	1.41%	0.39%	0.39%
AMZN	C	3.26%	1.69%	1.69%
BKNG	C	0.61%	0.24%	0.24%
BLDR	C	0.39%	0.34%	0.34%
BSX	B	1.23%	0.68%	0.68%
CAT	B	0.75%	0.54%	0.54%
CEG	C	0.66%	0.51%	0.51%
CI	C	0.52%	0.18%	0.18%
CMCSA	D	1.16%	0.56%	0.56%
CMG	C	0.42%	0.32%	0.32%
CNC	D	0.51%	0.25%	0.25%
CRM	D	0.98%	0.49%	0.49%
CSCO	C	0.44%	0.41%	0.41%
DKS	D	0.21%	0.05%	0.05%
ESS	B	0.18%	0.05%	0.05%
ETN	C	1.05%	0.48%	0.48%
GE	B	0.9%	0.16%	0.16%
GILD	B	0.29%	0.56%	0.29%
GLPI	C	0.26%	0.47%	0.26%
GOOGL	D	2.4%	1.88%	1.88%
HLT	B	0.49%	0.33%	0.33%
HOLX	B	0.28%	0.05%	0.05%
HWM	B	0.67%	0.39%	0.39%
IR	C	0.73%	0.05%	0.05%
JBL	D	0.67%	0.16%	0.16%
KO	C	0.73%	0.41%	0.41%
LEN	B	0.39%	0.38%	0.38%
LLY	C	1.93%	0.55%	0.55%
LMT	C	0.68%	0.4%	0.4%
META	B	2.57%	1.47%	1.47%
MRK	D	0.26%	0.81%	0.26%
MSFT	C	7.7%	4.92%	4.92%
NFLX	B	1.06%	0.6%	0.6%
NVDA	D	3.39%	4.36%	3.39%
NVR	B	0.45%	0.41%	0.41%
NXPI	F	0.68%	0.06%	0.06%
PH	B	1.02%	0.21%	0.21%
RL	C	0.51%	0.75%	0.51%
SNPS	D	0.44%	0.04%	0.04%
SO	B	0.82%	0.14%	0.14%
SYK	C	0.67%	0.16%	0.16%
TJX	B	1.2%	0.41%	0.41%
TT	B	0.26%	0.45%	0.26%
UNH	C	1.72%	0.3%	0.3%
V	C	1.63%	0.3%	0.3%
VRT	C	0.46%	0.1%	0.1%
VST	C	0.65%	0.78%	0.65%
WMT	C	0.49%	0.59%	0.49%
XOM	C	1.49%	0.78%	0.78%

FFLC Overweight 82 Positions Relative to AFLG

Symbol	Grade	Weight
BA	F	1.31%
AMD	D	1.27%
WFC	D	1.08%
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	B	0.92%
BAC	D	0.9%
KVUE	C	0.88%
DHR	B	0.82%
LIN	B	0.81%
ORCL	C	0.79%
REGN	C	0.76%
FCX	D	0.75%
APTV	D	0.71%
BKR	C	0.7%
SHOP	C	0.69%
ON	D	0.69%
GNRC	D	0.66%
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	C	0.55%
MMC	C	0.53%
FLEX	C	0.52%
LNG	C	0.51%
ABNB	D	0.5%
CE	F	0.49%
MLM	D	0.48%
CLX	C	0.47%
AZN	D	0.47%
BWXT	D	0.45%
WDAY	D	0.44%
DT	C	0.43%
KBR	D	0.42%
ESI	D	0.42%
ARES	B	0.41%
FCN	D	0.41%
SPOT	B	0.4%
ITT	B	0.39%
CBRE	A	0.39%
FOUR	C	0.39%
AVY	C	0.38%
EDR	A	0.37%
URI	B	0.37%
GS	C	0.33%
WSC	D	0.32%
HLI	B	0.32%
TRNO	C	0.32%
HES	F	0.32%
FTI	D	0.29%
EL	F	0.27%
MDB	D	0.27%
CHDN	C	0.27%
SAM	F	0.27%
ASML	F	0.25%
NVO	C	0.25%
FSLR	C	0.25%
AR	F	0.24%
FND	C	0.24%
TER	D	0.22%
WST	D	0.22%
STZ	D	0.2%
WNS	F	0.19%
FAF	B	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	C	0.16%
MU	F	0.14%
MASI	F	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 197 Positions Relative to AFLG

Symbol	Grade	Weight
BRK.A	C	-1.69%
HIG	B	-1.2%
AVGO	C	-1.2%
UHS	B	-1.12%
MO	C	-1.05%
ABBV	C	-1.05%
QCOM	D	-1.0%
ELV	C	-1.0%
COST	B	-0.97%
PG	C	-0.96%
JNJ	C	-0.84%
AFL	C	-0.82%
PGR	B	-0.79%
CL	D	-0.73%
NRG	C	-0.73%
CTAS	B	-0.71%
FICO	B	-0.7%
BK	B	-0.69%
NTAP	D	-0.64%
RS	D	-0.63%
FE	C	-0.61%
MMM	B	-0.6%
ECL	B	-0.59%
PHM	B	-0.58%
BBY	C	-0.58%
SPG	B	-0.57%
APH	D	-0.55%
FFIV	B	-0.55%
PEG	B	-0.55%
MAS	B	-0.55%
SNA	C	-0.54%
VZ	B	-0.54%
EME	B	-0.53%
BMY	C	-0.53%
FOXA	B	-0.53%
MAA	B	-0.52%
HPQ	D	-0.5%
VICI	C	-0.5%
CNA	C	-0.49%
MCK	F	-0.48%
GDDY	C	-0.48%
CTSH	C	-0.48%
KR	C	-0.47%
AOS	D	-0.46%
CMI	C	-0.46%
ICE	C	-0.45%
IBM	B	-0.45%
CVX	D	-0.43%
CBOE	C	-0.42%
OGN	D	-0.41%
HST	C	-0.4%
CF	C	-0.4%
DHI	B	-0.4%
HSIC	C	-0.4%
NUE	F	-0.39%
CSL	B	-0.39%
AMAT	D	-0.39%
TPR	C	-0.39%
AXP	B	-0.39%
STLD	F	-0.39%
GRMN	D	-0.39%
APP	C	-0.38%
MSI	B	-0.38%
PM	C	-0.38%
FIS	B	-0.38%
PCAR	D	-0.37%
WU	F	-0.36%
WAB	B	-0.35%
DVN	F	-0.35%
RHI	D	-0.34%
VLO	F	-0.33%
PKG	B	-0.33%
WSM	D	-0.33%
ERIE	B	-0.32%
LOW	B	-0.32%
WELL	C	-0.32%
MTCH	C	-0.32%
OC	D	-0.32%
TMUS	C	-0.31%
BRO	C	-0.31%
EA	D	-0.3%
IP	B	-0.3%
IBKR	B	-0.29%
EVRG	B	-0.29%
AIG	D	-0.29%
ED	C	-0.29%
TRGP	B	-0.28%
SWKS	D	-0.27%
SOLV	C	-0.27%
RF	B	-0.27%
MANH	B	-0.26%
FDX	C	-0.26%
DECK	C	-0.26%
CFG	C	-0.26%
LII	B	-0.25%
EIX	C	-0.25%
WPC	C	-0.25%
SYF	C	-0.24%
CME	C	-0.24%
VRSN	D	-0.23%
VTR	C	-0.23%
ALNY	C	-0.23%
ACN	C	-0.23%
ZM	C	-0.22%
HUM	F	-0.22%
MA	B	-0.22%
MRO	C	-0.22%
KEYS	C	-0.21%
PPG	D	-0.21%
INCY	C	-0.21%
CVS	D	-0.2%
SHW	B	-0.2%
BAH	C	-0.2%
T	C	-0.19%
L	C	-0.19%
LKQ	F	-0.19%
TROW	D	-0.19%
AZO	D	-0.19%
VSCO	C	-0.19%
NWSA	D	-0.19%
CPT	B	-0.17%
ULTA	D	-0.17%
GL	C	-0.17%
BEN	F	-0.17%
EG	C	-0.17%
EXPE	C	-0.17%
AIZ	B	-0.16%
TOL	B	-0.16%
GWW	B	-0.16%
AMP	A	-0.14%
IT	B	-0.14%
MPC	F	-0.14%
BBWI	F	-0.13%
KLAC	D	-0.13%
KHC	C	-0.13%
LDOS	B	-0.13%
DELL	D	-0.12%
EBAY	B	-0.11%
EQR	B	-0.11%
RPM	B	-0.11%
ANET	B	-0.11%
CAH	C	-0.11%
SCCO	D	-0.11%
PSX	F	-0.1%
J	C	-0.1%
SSNC	B	-0.1%
MOH	D	-0.1%
ETSY	F	-0.1%
TXT	D	-0.09%
DXC	C	-0.09%
CRBG	D	-0.09%
TEL	D	-0.09%
SPGI	B	-0.09%
VTRS	D	-0.09%
QRVO	F	-0.09%
PRU	C	-0.09%
COP	D	-0.08%
BG	D	-0.08%
ALL	B	-0.08%
LYB	D	-0.08%
IPG	C	-0.08%
DINO	F	-0.07%
ADM	D	-0.07%
PSA	B	-0.06%
WSO	C	-0.06%
ORLY	C	-0.06%
RMD	C	-0.06%
ROL	C	-0.06%
KMB	D	-0.06%
PSTG	F	-0.05%
TPL	B	-0.05%
DASH	C	-0.05%
EPAM	F	-0.05%
ROST	C	-0.05%
PPL	C	-0.05%
UTHR	C	-0.05%
CDNS	D	-0.05%
STT	A	-0.05%
DPZ	F	-0.05%
WTW	C	-0.05%
AVB	B	-0.05%
ZION	D	-0.05%
UDR	C	-0.05%
MCO	B	-0.05%
BWA	D	-0.04%
WBA	F	-0.04%
PFG	B	-0.04%
CDW	D	-0.04%
PINS	F	-0.04%
IVZ	B	-0.04%
MET	B	-0.04%
CVNA	B	-0.04%
AMCR	B	-0.04%
MOS	F	-0.03%
TDG	B	-0.01%
ALLE	B	-0.01%
EQH	C	-0.0%