FFLC vs. NUSI ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Nationwide Risk-Managed Income ETF (NUSI)

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

$45.35

Average Daily Volume

95,481

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

NUSI

Nationwide Risk-Managed Income ETF

NUSI Description

The investment seeks current income with downside protection. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100® Index and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the Nasdaq-100. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.53

Average Daily Volume

62,604

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	NUSI
30 Days	2.14%	2.45%
60 Days	3.75%	1.96%
90 Days	4.49%	2.78%
12 Months	40.09%	30.98%

30 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in NUSI	Overlap
AAPL	C	4.51%	8.63%	4.51%
ABNB	D	0.5%	0.35%	0.35%
ADBE	F	1.41%	1.62%	1.41%
ADI	C	0.55%	0.76%	0.55%
AMD	D	1.27%	1.63%	1.27%
AMZN	C	3.26%	4.92%	3.26%
ASML	F	0.25%	0.47%	0.25%
AZN	D	0.47%	0.31%	0.31%
BKNG	B	0.61%	0.94%	0.61%
BKR	C	0.7%	0.23%	0.23%
CEG	A	0.66%	0.43%	0.43%
CMCSA	D	1.16%	1.03%	1.03%
CSCO	B	0.44%	1.33%	0.44%
GILD	B	0.29%	0.7%	0.29%
GOOGL	D	2.4%	2.38%	2.38%
INTU	C	0.92%	1.23%	0.92%
KDP	B	0.63%	0.36%	0.36%
LIN	B	0.81%	1.5%	0.81%
MDB	D	0.27%	0.14%	0.14%
META	A	2.57%	4.74%	2.57%
MRVL	C	0.04%	0.44%	0.04%
MSFT	C	7.7%	8.0%	7.7%
MU	F	0.14%	0.68%	0.14%
NFLX	B	1.06%	2.0%	1.06%
NVDA	D	3.39%	7.66%	3.39%
NXPI	D	0.68%	0.4%	0.4%
ON	F	0.69%	0.21%	0.21%
REGN	C	0.76%	0.85%	0.76%
SNPS	D	0.44%	0.51%	0.44%
WDAY	D	0.44%	0.36%	0.36%

FFLC Overweight 103 Positions Relative to NUSI

Symbol	Grade	Weight
LLY	C	1.93%
UNH	C	1.72%
V	C	1.63%
XOM	D	1.49%
BA	F	1.31%
BSX	B	1.23%
TJX	C	1.2%
WFC	D	1.08%
ETN	C	1.05%
UBER	C	1.04%
TMO	C	1.03%
PH	A	1.02%
JPM	D	0.98%
CRM	D	0.98%
CB	B	0.97%
NKE	D	0.92%
PWR	B	0.92%
GE	A	0.9%
BAC	D	0.9%
KVUE	C	0.88%
DHR	C	0.82%
SO	A	0.82%
ORCL	B	0.79%
FCX	D	0.75%
CAT	B	0.75%
KO	B	0.73%
IR	C	0.73%
APTV	D	0.71%
SHOP	C	0.69%
LMT	B	0.68%
SYK	C	0.67%
HWM	B	0.67%
JBL	D	0.67%
GNRC	D	0.66%
VST	A	0.65%
MS	C	0.6%
NOC	A	0.6%
SLB	F	0.6%
BJ	D	0.58%
TSM	C	0.58%
DIS	D	0.57%
PFGC	B	0.57%
MMC	C	0.53%
CI	C	0.52%
FLEX	C	0.52%
LNG	C	0.51%
CNC	C	0.51%
RL	B	0.51%
WMT	B	0.49%
CE	F	0.49%
HLT	B	0.49%
MLM	D	0.48%
CLX	C	0.47%
VRT	C	0.46%
NVR	B	0.45%
BWXT	C	0.45%
DT	C	0.43%
KBR	D	0.42%
ESI	D	0.42%
CMG	C	0.42%
ARES	A	0.41%
FCN	C	0.41%
SPOT	B	0.4%
ITT	B	0.39%
LEN	C	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	C	0.33%
WSC	D	0.32%
HLI	A	0.32%
TRNO	C	0.32%
HES	D	0.32%
FTI	D	0.29%
HOLX	C	0.28%
EL	F	0.27%
CHDN	D	0.27%
SAM	F	0.27%
MRK	D	0.26%
GLPI	C	0.26%
TT	A	0.26%
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	D	0.2%
WNS	F	0.19%
ESS	C	0.18%
FAF	C	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	C	0.16%
MASI	D	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%

FFLC Underweight 71 Positions Relative to NUSI

Symbol	Grade	Weight
AVGO	C	-5.11%
TSLA	C	-2.85%
COST	B	-2.69%
GOOG	D	-2.3%
PEP	D	-1.62%
TMUS	C	-1.59%
QCOM	F	-1.27%
TXN	C	-1.23%
AMGN	B	-1.21%
ISRG	C	-1.18%
AMAT	D	-1.07%
HON	D	-0.88%
VRTX	D	-0.85%
ADP	B	-0.78%
MELI	B	-0.76%
SBUX	C	-0.76%
PANW	C	-0.74%
KLAC	D	-0.71%
MDLZ	C	-0.7%
LRCX	F	-0.67%
CTAS	C	-0.59%
INTC	F	-0.56%
PYPL	B	-0.51%
CDNS	D	-0.5%
ORLY	D	-0.46%
MAR	C	-0.46%
CSX	D	-0.45%
PDD	F	-0.43%
CRWD	D	-0.41%
ROP	C	-0.4%
ADSK	C	-0.39%
FTNT	B	-0.39%
AEP	C	-0.37%
ROST	C	-0.36%
MNST	D	-0.36%
CHTR	D	-0.35%
PCAR	D	-0.34%
CPRT	D	-0.33%
DASH	B	-0.33%
PAYX	C	-0.33%
TTD	B	-0.32%
KHC	C	-0.3%
MCHP	D	-0.29%
ODFL	D	-0.29%
IDXX	D	-0.28%
EA	D	-0.27%
VRSK	D	-0.27%
GEHC	C	-0.27%
FAST	C	-0.27%
EXC	B	-0.27%
CTSH	C	-0.26%
CCEP	B	-0.25%
XEL	B	-0.24%
DDOG	D	-0.23%
CSGP	D	-0.22%
LULU	D	-0.22%
FANG	D	-0.21%
CDW	D	-0.2%
ANSS	D	-0.19%
BIIB	F	-0.19%
TEAM	D	-0.18%
MRNA	F	-0.18%
TTWO	D	-0.18%
DXCM	F	-0.18%
ZS	F	-0.17%
GFS	F	-0.15%
ILMN	C	-0.14%
WBD	D	-0.14%
DLTR	F	-0.1%
ARM	C	-0.07%
SMCI	F	-0.04%