FFLC vs. FVD ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to First Trust VL Dividend (FVD)

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

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.24

Average Daily Volume

487,998

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	FVD
30 Days	2.14%	1.87%
60 Days	3.92%	2.34%
90 Days	6.30%	4.86%
12 Months	37.29%	22.35%

23 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in FVD	Overlap
ABBV	D	0.61%	0.42%	0.42%
BMY	B	0.92%	0.52%	0.52%
CB	C	0.73%	0.45%	0.45%
CMCSA	B	1.69%	0.5%	0.5%
CSCO	B	1.1%	0.48%	0.48%
DEO	F	0.43%	0.41%	0.41%
DOX	D	0.53%	0.44%	0.44%
EIX	B	1.31%	0.45%	0.45%
GD	F	0.38%	0.44%	0.38%
GILD	C	0.27%	0.5%	0.27%
GSK	F	0.3%	0.42%	0.3%
HII	D	0.29%	0.35%	0.29%
KDP	D	1.0%	0.42%	0.42%
KO	D	0.94%	0.42%	0.42%
LOW	D	1.06%	0.45%	0.45%
NOC	D	0.25%	0.44%	0.25%
SO	D	1.72%	0.44%	0.44%
TRV	B	0.87%	0.46%	0.46%
TSM	B	0.97%	0.43%	0.43%
UNH	C	1.72%	0.48%	0.48%
UPS	C	0.78%	0.47%	0.47%
WSO	A	0.56%	0.5%	0.5%
XOM	B	2.88%	0.47%	0.47%

FFLC Overweight 64 Positions Relative to FVD

Symbol	Grade	Weight
MSFT	F	6.98%
NVDA	C	5.71%
META	D	4.7%
AAPL	C	4.26%
GOOGL	C	3.2%
AMZN	C	2.89%
BAC	A	2.18%
AVGO	D	1.98%
LLY	F	1.85%
WFC	A	1.82%
GE	D	1.61%
BSX	B	1.35%
FI	A	1.34%
V	A	1.31%
CI	F	1.23%
TMO	F	1.18%
SAP	B	1.15%
CEG	D	1.06%
KVUE	A	1.04%
ETN	A	1.02%
PNC	B	1.01%
INTU	C	1.0%
ORCL	B	0.97%
USB	A	0.94%
URI	B	0.92%
GEV	B	0.87%
MA	C	0.85%
APH	A	0.85%
MOD	A	0.84%
ALSN	B	0.83%
RPRX	D	0.76%
REGN	F	0.75%
BA	F	0.72%
VRT	B	0.66%
HRB	D	0.64%
ELV	F	0.63%
COST	B	0.63%
UBER	D	0.61%
CCI	D	0.61%
APO	B	0.61%
KNX	B	0.59%
FDX	B	0.58%
NVO	D	0.53%
HLT	A	0.52%
MLM	B	0.49%
AMT	D	0.43%
MAR	B	0.42%
AJG	B	0.41%
WSM	B	0.4%
GEN	B	0.37%
COR	B	0.37%
LEN	D	0.36%
ABNB	C	0.33%
TMUS	B	0.2%
LIN	D	0.2%
MELI	D	0.2%
DKS	C	0.19%
SPR	D	0.19%
ASML	F	0.18%
SPG	B	0.18%
IP	B	0.18%
KBR	F	0.17%
LNG	B	0.03%
MRVL	B	0.02%

FFLC Underweight 178 Positions Relative to FVD

Symbol	Grade	Weight
GRMN	B	-0.59%
GATX	A	-0.54%
G	B	-0.54%
EMR	A	-0.54%
CBSH	A	-0.54%
GS	A	-0.53%
DTM	B	-0.53%
PINC	B	-0.53%
RHI	B	-0.53%
AIZ	A	-0.52%
INGR	B	-0.52%
MS	A	-0.52%
IDA	A	-0.52%
SEIC	B	-0.52%
MO	A	-0.52%
XEL	A	-0.51%
ETR	B	-0.51%
CMI	A	-0.51%
IOSP	B	-0.51%
IEX	B	-0.51%
SNA	A	-0.51%
JCI	C	-0.51%
SRE	A	-0.5%
NSC	B	-0.5%
HLI	B	-0.5%
LANC	C	-0.5%
CVX	A	-0.5%
UVV	B	-0.5%
PKG	A	-0.5%
WERN	C	-0.5%
PM	B	-0.5%
WTW	B	-0.5%
WDFC	B	-0.5%
JPM	A	-0.5%
ITW	B	-0.49%
BLK	C	-0.49%
WM	A	-0.49%
CPK	A	-0.49%
KR	B	-0.49%
NEU	C	-0.49%
SLGN	A	-0.49%
NDAQ	A	-0.49%
CTSH	B	-0.49%
TROW	B	-0.49%
TXN	C	-0.49%
FAST	B	-0.49%
CSX	B	-0.49%
THG	A	-0.49%
DGX	A	-0.49%
BK	A	-0.48%
OTTR	C	-0.48%
DCI	B	-0.48%
CHRW	C	-0.48%
TM	D	-0.48%
EVRG	A	-0.48%
T	A	-0.48%
SBUX	A	-0.48%
GNTX	C	-0.48%
NI	A	-0.48%
SCL	C	-0.48%
CLX	B	-0.48%
PAYX	C	-0.48%
BKH	A	-0.48%
SWX	B	-0.48%
BTI	B	-0.48%
TJX	A	-0.48%
MSM	C	-0.48%
LECO	B	-0.48%
ADP	B	-0.48%
PNW	B	-0.48%
BR	A	-0.48%
HON	B	-0.48%
BRC	D	-0.47%
AGR	B	-0.47%
ALE	A	-0.47%
NWN	A	-0.47%
OGS	A	-0.47%
EXPD	D	-0.47%
STZ	D	-0.47%
SXT	B	-0.47%
NDSN	B	-0.47%
NJR	A	-0.47%
PPL	B	-0.47%
ATO	A	-0.47%
ALL	A	-0.47%
MSEX	B	-0.47%
AEE	A	-0.47%
TGT	F	-0.47%
YUM	B	-0.47%
EQIX	A	-0.47%
SIGI	C	-0.47%
UNP	C	-0.46%
CNI	D	-0.46%
MMM	D	-0.46%
INFY	B	-0.46%
ABT	B	-0.46%
CME	A	-0.46%
DLB	B	-0.46%
PG	A	-0.46%
AWR	B	-0.46%
NWE	B	-0.46%
CAT	B	-0.46%
CALM	A	-0.46%
SR	A	-0.46%
POOL	C	-0.46%
K	A	-0.46%
MMC	B	-0.46%
HD	A	-0.46%
TD	F	-0.46%
PSA	D	-0.46%
JJSF	B	-0.46%
LHX	C	-0.46%
SNX	C	-0.45%
PPG	F	-0.45%
TAK	F	-0.45%
MKC	D	-0.45%
SON	D	-0.45%
ACN	C	-0.45%
PEG	A	-0.45%
NFG	A	-0.45%
WEC	A	-0.45%
HSY	F	-0.45%
FLO	D	-0.45%
LNT	A	-0.45%
DE	A	-0.45%
HRL	D	-0.45%
CNA	B	-0.45%
AFL	B	-0.45%
JNPR	F	-0.45%
AWK	D	-0.44%
AEP	D	-0.44%
ADI	D	-0.44%
TSCO	D	-0.44%
CPB	D	-0.44%
CWT	D	-0.44%
GIS	D	-0.44%
EXC	C	-0.44%
PEP	F	-0.44%
BDX	F	-0.44%
RTX	C	-0.44%
MDT	D	-0.44%
OTIS	C	-0.44%
POR	C	-0.44%
BAH	F	-0.44%
CMS	C	-0.44%
WTRG	B	-0.44%
MCD	D	-0.44%
APD	A	-0.44%
CL	D	-0.43%
MMS	F	-0.43%
UL	D	-0.43%
DUK	C	-0.43%
SJM	D	-0.43%
MRK	F	-0.43%
REYN	D	-0.43%
AVY	D	-0.43%
AOS	F	-0.43%
NKE	D	-0.43%
ES	D	-0.43%
CAG	D	-0.43%
RIO	D	-0.43%
MDLZ	F	-0.43%
JNJ	D	-0.43%
DTE	C	-0.43%
AMGN	D	-0.43%
VZ	C	-0.43%
NVS	D	-0.42%
KHC	F	-0.42%
ED	D	-0.42%
PFE	D	-0.42%
IBM	C	-0.42%
SJW	D	-0.42%
KMB	D	-0.42%
LMT	D	-0.41%
SNY	F	-0.41%
BAX	D	-0.4%
AZN	D	-0.39%
HMC	F	-0.39%