FFLC vs. AUSF ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Global X Adaptive U.S. Factor ETF (AUSF)

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

$45.48

Average Daily Volume

94,548

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.40

Average Daily Volume

36,029

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	AUSF
30 Days	0.31%	1.51%
60 Days	2.90%	2.30%
90 Days	2.39%	6.80%
12 Months	33.89%	32.60%

22 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in AUSF	Overlap
AAPL	D	4.51%	0.11%	0.11%
BSX	B	1.23%	1.19%	1.19%
CB	B	0.97%	0.08%	0.08%
CE	D	0.49%	0.43%	0.43%
CI	C	0.52%	0.07%	0.07%
CMCSA	D	1.16%	0.51%	0.51%
CNC	C	0.51%	0.52%	0.51%
CSCO	B	0.44%	1.27%	0.44%
HOLX	B	0.28%	0.07%	0.07%
KO	B	0.73%	1.27%	0.73%
LIN	B	0.81%	1.46%	0.81%
LMT	C	0.68%	1.66%	0.68%
MMC	C	0.53%	1.57%	0.53%
MRK	D	0.26%	1.28%	0.26%
NOC	B	0.6%	0.11%	0.11%
REGN	C	0.76%	0.08%	0.08%
SO	B	0.82%	0.11%	0.11%
TJX	C	1.2%	0.1%	0.1%
UNH	C	1.72%	0.09%	0.09%
V	B	1.63%	1.49%	1.49%
WMT	B	0.49%	1.61%	0.49%
XOM	D	1.49%	0.09%	0.09%

FFLC Overweight 111 Positions Relative to AUSF

Symbol	Grade	Weight
MSFT	C	7.7%
NVDA	D	3.39%
AMZN	C	3.26%
META	A	2.57%
GOOGL	D	2.4%
LLY	C	1.93%
ADBE	D	1.41%
BA	F	1.31%
AMD	F	1.27%
WFC	D	1.08%
NFLX	B	1.06%
ETN	C	1.05%
UBER	C	1.04%
TMO	C	1.03%
PH	B	1.02%
JPM	D	0.98%
CRM	D	0.98%
INTU	D	0.92%
NKE	D	0.92%
PWR	B	0.92%
GE	B	0.9%
BAC	D	0.9%
KVUE	B	0.88%
DHR	B	0.82%
ORCL	B	0.79%
FCX	D	0.75%
CAT	C	0.75%
IR	C	0.73%
APTV	D	0.71%
BKR	D	0.7%
SHOP	C	0.69%
ON	D	0.69%
NXPI	D	0.68%
SYK	C	0.67%
HWM	B	0.67%
JBL	D	0.67%
GNRC	D	0.66%
CEG	C	0.66%
VST	C	0.65%
KDP	A	0.63%
BKNG	B	0.61%
MS	D	0.6%
SLB	F	0.6%
BJ	D	0.58%
TSM	D	0.58%
DIS	D	0.57%
PFGC	B	0.57%
ADI	D	0.55%
FLEX	C	0.52%
LNG	D	0.51%
RL	B	0.51%
ABNB	D	0.5%
HLT	B	0.49%
MLM	D	0.48%
CLX	C	0.47%
AZN	D	0.47%
VRT	C	0.46%
NVR	B	0.45%
BWXT	D	0.45%
SNPS	D	0.44%
WDAY	D	0.44%
DT	C	0.43%
KBR	D	0.42%
ESI	D	0.42%
CMG	C	0.42%
ARES	B	0.41%
FCN	C	0.41%
SPOT	B	0.4%
ITT	C	0.39%
LEN	B	0.39%
CBRE	A	0.39%
BLDR	C	0.39%
FOUR	C	0.39%
AVY	D	0.38%
EDR	A	0.37%
URI	B	0.37%
GS	D	0.33%
WSC	D	0.32%
HLI	B	0.32%
TRNO	C	0.32%
HES	D	0.32%
FTI	D	0.29%
GILD	B	0.29%
EL	F	0.27%
MDB	D	0.27%
CHDN	C	0.27%
SAM	F	0.27%
GLPI	B	0.26%
TT	B	0.26%
ASML	D	0.25%
NVO	D	0.25%
FSLR	C	0.25%
AR	D	0.24%
ACGL	B	0.24%
FND	C	0.24%
TER	D	0.22%
WST	D	0.22%
DKS	D	0.21%
STZ	C	0.2%
WNS	F	0.19%
ESS	B	0.18%
FAF	B	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	C	0.16%
MU	F	0.14%
MASI	D	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 167 Positions Relative to AUSF

Symbol	Grade	Weight
IBM	B	-2.16%
VZ	B	-2.01%
T	B	-1.97%
RTX	C	-1.7%
TMUS	C	-1.63%
AJG	C	-1.61%
BRK.A	C	-1.57%
JNJ	B	-1.57%
JNPR	A	-1.54%
RSG	D	-1.52%
GD	B	-1.51%
ROP	C	-1.47%
WM	D	-1.41%
CME	C	-1.4%
DOX	C	-1.35%
ACI	F	-1.31%
EA	D	-1.3%
MCD	C	-1.22%
CBOE	C	-1.01%
PG	C	-0.92%
BR	D	-0.85%
PEP	C	-0.79%
MO	C	-0.64%
WMB	B	-0.6%
DTM	B	-0.58%
KMI	A	-0.58%
HII	C	-0.58%
SOLV	C	-0.56%
UNM	B	-0.56%
VICI	C	-0.55%
BBY	B	-0.55%
OKE	B	-0.55%
MDT	C	-0.55%
CHE	C	-0.54%
CAG	B	-0.54%
LAD	C	-0.54%
HOG	C	-0.53%
LBRDK	D	-0.53%
FOXA	B	-0.53%
CMA	B	-0.53%
KHC	C	-0.53%
UAL	B	-0.52%
SON	C	-0.52%
CNH	C	-0.52%
FMC	C	-0.52%
PNC	B	-0.51%
IP	B	-0.51%
TPR	C	-0.51%
ARW	C	-0.51%
TAP	C	-0.51%
DAL	C	-0.5%
EMN	B	-0.5%
GM	B	-0.5%
FITB	B	-0.5%
KEY	B	-0.5%
PB	B	-0.5%
RF	B	-0.5%
AGNC	A	-0.5%
COLB	B	-0.5%
MTB	B	-0.49%
LYB	F	-0.49%
UBSI	B	-0.49%
KRC	B	-0.49%
STWD	A	-0.49%
USB	B	-0.49%
PVH	F	-0.48%
AM	B	-0.48%
RPRX	C	-0.48%
UGI	C	-0.48%
FNB	D	-0.48%
WHR	D	-0.48%
HBAN	B	-0.48%
CFG	D	-0.48%
RDN	B	-0.48%
ADM	D	-0.47%
VTRS	C	-0.47%
AVT	D	-0.47%
WBS	C	-0.47%
CVS	D	-0.47%
FHN	D	-0.47%
JXN	B	-0.47%
SYF	C	-0.47%
C	D	-0.46%
OGN	D	-0.46%
PRGO	D	-0.46%
DINO	D	-0.46%
ONB	C	-0.46%
ALLY	F	-0.46%
LEA	D	-0.46%
SNX	D	-0.46%
LNC	D	-0.45%
ABG	F	-0.45%
SIG	C	-0.45%
GAP	F	-0.45%
CADE	B	-0.45%
CRBG	D	-0.45%
ZION	D	-0.44%
HPQ	D	-0.44%
AGCO	D	-0.44%
EMR	D	-0.43%
M	F	-0.43%
MOS	F	-0.43%
BG	D	-0.43%
HPE	D	-0.43%
AL	D	-0.43%
OZK	D	-0.43%
NOV	D	-0.43%
BEN	F	-0.42%
OMF	C	-0.42%
PTEN	F	-0.4%
X	D	-0.4%
MCK	F	-0.39%
WBA	F	-0.39%
HP	D	-0.39%
F	D	-0.38%
CIVI	F	-0.38%
AMGN	B	-0.32%
INTC	F	-0.29%
YUM	D	-0.28%
ABBV	C	-0.19%
CACI	B	-0.19%
PGR	A	-0.19%
KR	B	-0.13%
TRV	B	-0.13%
WRB	C	-0.12%
CHD	C	-0.12%
COST	C	-0.12%
TW	A	-0.12%
AFL	B	-0.12%
ORI	A	-0.11%
GRMN	D	-0.11%
DUK	C	-0.11%
LDOS	C	-0.11%
VRTX	D	-0.1%
ED	C	-0.1%
ICE	B	-0.1%
MSI	C	-0.1%
DRI	C	-0.09%
FDS	C	-0.09%
ADP	B	-0.09%
VRSK	D	-0.09%
PKG	B	-0.09%
ATR	B	-0.09%
HIG	A	-0.09%
MA	B	-0.09%
DGX	B	-0.09%
KMB	D	-0.09%
MDLZ	B	-0.09%
GDDY	C	-0.08%
PNW	B	-0.08%
CL	C	-0.08%
AKAM	D	-0.08%
CAH	C	-0.08%
BDX	F	-0.08%
L	B	-0.08%
DLB	D	-0.07%
NEU	D	-0.07%
AME	C	-0.07%
ECL	B	-0.07%
HON	D	-0.07%
SNA	B	-0.07%
CASY	D	-0.07%
VRSN	D	-0.07%
CVX	D	-0.07%
PCAR	D	-0.06%
NSIT	C	-0.06%
PSX	D	-0.06%