FFLC vs. FDMO ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Fidelity Momentum Factor ETF (FDMO)

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

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$65.73

Average Daily Volume

39,827

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	FDMO
30 Days	2.52%	2.38%
60 Days	4.79%	3.81%
90 Days	4.60%	3.20%
12 Months	37.58%	38.11%

39 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in FDMO	Overlap
AMZN	C	3.26%	3.7%	3.26%
AVY	C	0.38%	0.16%	0.16%
BAC	D	0.9%	0.93%	0.9%
BKNG	C	0.61%	0.72%	0.61%
BSX	B	1.23%	0.99%	0.99%
CAT	B	0.75%	0.7%	0.7%
CB	B	0.97%	0.68%	0.68%
CEG	C	0.66%	0.29%	0.29%
CMG	C	0.42%	0.6%	0.42%
ESS	B	0.18%	0.18%	0.18%
ETN	C	1.05%	0.61%	0.61%
FCX	D	0.75%	0.24%	0.24%
FTI	D	0.29%	0.21%	0.21%
GE	B	0.9%	0.75%	0.75%
GOOGL	D	2.4%	3.45%	2.4%
GS	C	0.33%	0.71%	0.33%
HLT	B	0.49%	0.56%	0.49%
JPM	D	0.98%	1.54%	0.98%
KO	C	0.73%	0.77%	0.73%
LIN	B	0.81%	0.56%	0.56%
LLY	C	1.93%	2.16%	1.93%
META	B	2.57%	2.43%	2.43%
MLM	D	0.48%	0.17%	0.17%
MRK	D	0.26%	1.25%	0.26%
MSFT	C	7.7%	7.28%	7.28%
MU	F	0.14%	1.22%	0.14%
NFLX	B	1.06%	0.82%	0.82%
NVDA	D	3.39%	6.83%	3.39%
REGN	C	0.76%	0.95%	0.76%
SO	B	0.82%	0.34%	0.34%
TJX	B	1.2%	0.72%	0.72%
TT	B	0.26%	0.55%	0.26%
UBER	C	1.04%	0.72%	0.72%
V	C	1.63%	1.33%	1.33%
VRT	C	0.46%	0.48%	0.46%
VST	C	0.65%	0.23%	0.23%
WFC	D	1.08%	0.75%	0.75%
WMT	C	0.49%	0.93%	0.49%
XOM	C	1.49%	1.16%	1.16%

FFLC Overweight 94 Positions Relative to FDMO

Symbol	Grade	Weight
AAPL	C	4.51%
UNH	C	1.72%
ADBE	F	1.41%
BA	F	1.31%
AMD	D	1.27%
CMCSA	D	1.16%
TMO	B	1.03%
PH	B	1.02%
CRM	D	0.98%
INTU	C	0.92%
NKE	D	0.92%
PWR	B	0.92%
KVUE	C	0.88%
DHR	B	0.82%
ORCL	C	0.79%
IR	C	0.73%
APTV	D	0.71%
BKR	C	0.7%
SHOP	C	0.69%
ON	D	0.69%
LMT	C	0.68%
NXPI	F	0.68%
SYK	C	0.67%
HWM	B	0.67%
JBL	D	0.67%
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%
CI	C	0.52%
FLEX	C	0.52%
LNG	C	0.51%
CNC	D	0.51%
RL	C	0.51%
ABNB	D	0.5%
CE	F	0.49%
CLX	C	0.47%
AZN	D	0.47%
NVR	B	0.45%
BWXT	D	0.45%
SNPS	D	0.44%
CSCO	C	0.44%
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%
LEN	B	0.39%
CBRE	A	0.39%
BLDR	C	0.39%
FOUR	C	0.39%
EDR	A	0.37%
URI	B	0.37%
WSC	D	0.32%
HLI	B	0.32%
TRNO	C	0.32%
HES	F	0.32%
GILD	B	0.29%
HOLX	B	0.28%
EL	F	0.27%
MDB	D	0.27%
CHDN	C	0.27%
SAM	F	0.27%
GLPI	C	0.26%
ASML	F	0.25%
NVO	C	0.25%
FSLR	C	0.25%
AR	F	0.24%
ACGL	C	0.24%
FND	C	0.24%
TER	D	0.22%
WST	D	0.22%
DKS	D	0.21%
STZ	D	0.2%
WNS	F	0.19%
FAF	B	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	C	0.16%
MASI	F	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	C	0.04%

FFLC Underweight 84 Positions Relative to FDMO

Symbol	Grade	Weight
AVGO	C	-2.7%
BRK.A	C	-1.99%
APP	C	-1.75%
CRWD	D	-1.44%
AMAT	D	-1.4%
ANET	B	-1.39%
ABBV	C	-1.35%
KLAC	D	-1.33%
APH	D	-1.32%
GDDY	C	-1.27%
DELL	D	-1.26%
HD	B	-1.18%
ISRG	B	-1.07%
COST	B	-1.04%
PG	C	-1.03%
AMGN	B	-1.01%
ELV	C	-0.95%
NTRA	C	-0.86%
SMCI	F	-0.82%
PGR	B	-0.8%
THC	A	-0.78%
AXP	B	-0.73%
MCK	F	-0.69%
RTX	C	-0.67%
PM	C	-0.62%
C	C	-0.61%
VZ	B	-0.6%
KKR	B	-0.6%
ALL	B	-0.56%
TDG	B	-0.54%
T	C	-0.54%
CTAS	B	-0.53%
HIG	B	-0.52%
GD	B	-0.51%
WM	D	-0.51%
DECK	C	-0.5%
HOOD	C	-0.5%
NEE	C	-0.5%
WING	B	-0.48%
WSM	D	-0.47%
RSG	D	-0.46%
WAB	B	-0.45%
ANF	D	-0.45%
CVNA	B	-0.45%
JXN	A	-0.44%
TMUS	C	-0.44%
EME	B	-0.43%
LDOS	B	-0.43%
CSL	B	-0.41%
CL	D	-0.41%
FIX	B	-0.41%
COIN	F	-0.39%
OKE	B	-0.35%
WMB	B	-0.34%
AMT	C	-0.34%
DUK	C	-0.33%
MPC	F	-0.32%
TRGP	B	-0.31%
SHW	B	-0.3%
PSX	F	-0.3%
EQIX	C	-0.29%
WELL	C	-0.29%
FRPT	B	-0.28%
SFM	B	-0.26%
PSA	B	-0.26%
CASY	D	-0.26%
AEP	C	-0.26%
ECL	B	-0.25%
FANG	D	-0.25%
SPG	B	-0.24%
PEG	B	-0.24%
DLR	B	-0.23%
EXR	B	-0.21%
WFRD	F	-0.2%
IRM	C	-0.2%
AVB	B	-0.2%
NRG	C	-0.2%
IFF	B	-0.18%
PKG	B	-0.17%
ELF	F	-0.17%
LAMR	B	-0.16%
CRS	B	-0.14%
SLG	B	-0.14%
STLD	F	-0.14%