FFLC vs. IYJ ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to iShares U.S. Industrials ETF (IYJ)

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

IYJ

iShares U.S. Industrials ETF

IYJ Description

The investment seeks to track the investment results of an index composed of U.S. equities in the industrials sector. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Industrials Index (the "underlying index"), which measures the performance of the industrials sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$142.39

Average Daily Volume

39,529

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	IYJ
30 Days	2.14%	5.33%
60 Days	3.92%	7.25%
90 Days	6.30%	11.61%
12 Months	37.29%	36.00%

18 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in IYJ	Overlap
ALSN	B	0.83%	0.15%	0.15%
BA	F	0.72%	1.39%	0.72%
ETN	A	1.02%	2.06%	1.02%
FDX	B	0.58%	0.96%	0.58%
FI	A	1.34%	1.74%	1.34%
GD	F	0.38%	1.13%	0.38%
GE	D	1.61%	2.77%	1.61%
GEV	B	0.87%	1.29%	0.87%
HII	D	0.29%	0.11%	0.11%
KNX	B	0.59%	0.12%	0.12%
MA	C	0.85%	6.2%	0.85%
MLM	B	0.49%	0.51%	0.49%
NOC	D	0.25%	0.98%	0.25%
SPR	D	0.19%	0.05%	0.05%
UPS	C	0.78%	1.41%	0.78%
URI	B	0.92%	0.8%	0.8%
V	A	1.31%	7.02%	1.31%
WSO	A	0.56%	0.26%	0.26%

FFLC Overweight 69 Positions Relative to IYJ

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%
XOM	B	2.88%
BAC	A	2.18%
AVGO	D	1.98%
LLY	F	1.85%
WFC	A	1.82%
SO	D	1.72%
UNH	C	1.72%
CMCSA	B	1.69%
BSX	B	1.35%
EIX	B	1.31%
CI	F	1.23%
TMO	F	1.18%
SAP	B	1.15%
CSCO	B	1.1%
LOW	D	1.06%
CEG	D	1.06%
KVUE	A	1.04%
PNC	B	1.01%
KDP	D	1.0%
INTU	C	1.0%
ORCL	B	0.97%
TSM	B	0.97%
KO	D	0.94%
USB	A	0.94%
BMY	B	0.92%
TRV	B	0.87%
APH	A	0.85%
MOD	A	0.84%
RPRX	D	0.76%
REGN	F	0.75%
CB	C	0.73%
VRT	B	0.66%
HRB	D	0.64%
ELV	F	0.63%
COST	B	0.63%
ABBV	D	0.61%
UBER	D	0.61%
CCI	D	0.61%
APO	B	0.61%
NVO	D	0.53%
DOX	D	0.53%
HLT	A	0.52%
AMT	D	0.43%
DEO	F	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%
GSK	F	0.3%
GILD	C	0.27%
TMUS	B	0.2%
LIN	D	0.2%
MELI	D	0.2%
DKS	C	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 172 Positions Relative to IYJ

Symbol	Grade	Weight
ACN	C	-3.19%
CAT	B	-2.7%
AXP	A	-2.32%
RTX	C	-2.27%
HON	B	-2.15%
UNP	C	-2.07%
ADP	B	-1.76%
LMT	D	-1.64%
DE	A	-1.45%
TT	A	-1.33%
PH	A	-1.29%
SHW	A	-1.28%
PYPL	B	-1.26%
ITW	B	-1.15%
CTAS	B	-1.07%
EMR	A	-1.04%
MMM	D	-1.03%
COF	B	-1.01%
CSX	B	-0.99%
TDG	D	-0.98%
CRH	A	-0.97%
CARR	D	-0.9%
NSC	B	-0.85%
PCAR	B	-0.83%
JCI	C	-0.81%
FICO	B	-0.77%
GWW	B	-0.74%
FIS	C	-0.71%
CMI	A	-0.71%
PWR	A	-0.68%
LHX	C	-0.67%
SQ	B	-0.67%
PAYX	C	-0.66%
HWM	A	-0.65%
AME	A	-0.64%
AXON	A	-0.62%
ODFL	B	-0.61%
IR	B	-0.59%
VRSK	A	-0.58%
OTIS	C	-0.58%
FERG	B	-0.58%
VMC	B	-0.53%
WAB	B	-0.49%
DD	D	-0.49%
ROK	B	-0.47%
DOW	F	-0.45%
EFX	F	-0.44%
XYL	D	-0.42%
GPN	B	-0.42%
PPG	F	-0.41%
DOV	A	-0.4%
FTV	C	-0.38%
SW	A	-0.38%
VLTO	D	-0.37%
SYF	B	-0.37%
KEYS	A	-0.37%
CPAY	A	-0.36%
MTD	D	-0.36%
HUBB	B	-0.34%
EME	C	-0.33%
TDY	B	-0.31%
PKG	A	-0.3%
BLDR	D	-0.3%
CSL	C	-0.29%
BAH	F	-0.28%
LII	A	-0.28%
ZBRA	B	-0.28%
SNA	A	-0.27%
TRU	D	-0.27%
BALL	D	-0.27%
RPM	A	-0.25%
TRMB	B	-0.25%
IEX	B	-0.25%
MAS	D	-0.25%
J	F	-0.25%
PNR	A	-0.25%
XPO	B	-0.24%
OC	A	-0.24%
EXPD	D	-0.24%
HEI	B	-0.24%
TXT	D	-0.23%
GGG	B	-0.22%
FIX	A	-0.22%
NDSN	B	-0.21%
ACM	A	-0.21%
AMCR	D	-0.21%
JBHT	C	-0.21%
CW	B	-0.2%
SAIA	B	-0.2%
AFRM	B	-0.19%
SWK	D	-0.19%
ALLE	D	-0.18%
ITT	A	-0.18%
JKHY	D	-0.18%
CHRW	C	-0.18%
BWXT	B	-0.17%
HEI	B	-0.17%
NVT	B	-0.17%
TTEK	F	-0.16%
ATR	B	-0.16%
BLD	D	-0.16%
RRX	B	-0.16%
LECO	B	-0.16%
WWD	B	-0.15%
CCK	C	-0.15%
GNRC	B	-0.15%
CNH	C	-0.14%
AYI	B	-0.14%
EXP	A	-0.14%
AXTA	A	-0.13%
WCC	B	-0.13%
AAON	B	-0.13%
FBIN	D	-0.13%
DCI	B	-0.13%
WMS	D	-0.13%
APG	B	-0.12%
CNM	D	-0.12%
GPK	C	-0.12%
TTC	D	-0.12%
MTZ	B	-0.12%
CR	A	-0.12%
PCTY	B	-0.12%
AOS	F	-0.12%
BILL	A	-0.12%
WEX	D	-0.11%
MHK	D	-0.11%
TREX	C	-0.11%
RHI	B	-0.11%
KEX	C	-0.11%
BERY	B	-0.11%
SSD	D	-0.11%
FLS	B	-0.11%
G	B	-0.11%
AWI	A	-0.1%
VMI	B	-0.1%
CGNX	C	-0.1%
FCN	D	-0.1%
GXO	B	-0.1%
R	B	-0.1%
ATI	D	-0.1%
ESAB	B	-0.1%
OSK	B	-0.1%
MKSI	C	-0.1%
LPX	B	-0.1%
MIDD	C	-0.1%
LFUS	F	-0.09%
FOUR	B	-0.09%
WSC	D	-0.09%
MSA	D	-0.09%
LSTR	D	-0.09%
AZEK	A	-0.09%
BC	C	-0.08%
AGCO	D	-0.08%
VNT	B	-0.08%
ST	F	-0.07%
SEE	C	-0.07%
SON	D	-0.07%
AL	B	-0.07%
GTES	A	-0.06%
SLGN	A	-0.06%
EEFT	B	-0.06%
AMTM	D	-0.05%
MSM	C	-0.05%
CXT	B	-0.04%
ECG	C	-0.04%
MAN	D	-0.04%
WU	D	-0.04%
VSTS	C	-0.03%
ADT	C	-0.03%
HAYW	B	-0.03%
SNDR	B	-0.02%
LOAR	A	-0.01%