FFLC vs. QLC ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to FlexShares US Quality Large Cap Index Fund (QLC)

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

$45.36

Average Daily Volume

97,587

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$64.39

Average Daily Volume

45,231

Number of Holdings ^*

162

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	QLC
30 Days	1.39%	0.86%
60 Days	8.09%	6.63%
90 Days	2.86%	3.22%
12 Months	41.76%	37.03%

41 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in QLC	Overlap
AAPL	C	4.51%	7.78%	4.51%
ABNB	D	0.5%	0.21%	0.21%
ADBE	F	1.41%	0.84%	0.84%
ADI	C	0.55%	0.53%	0.53%
AMZN	C	3.26%	2.21%	2.21%
BAC	D	0.9%	1.3%	0.9%
BKNG	C	0.61%	0.56%	0.56%
CAT	A	0.75%	1.0%	0.75%
CBRE	B	0.39%	0.61%	0.39%
CE	C	0.49%	0.13%	0.13%
CI	D	0.52%	0.84%	0.52%
CMCSA	C	1.16%	0.78%	0.78%
CNC	F	0.51%	0.39%	0.39%
CRM	B	0.98%	0.03%	0.03%
CSCO	A	0.44%	1.19%	0.44%
DHR	D	0.82%	0.05%	0.05%
ESS	D	0.18%	0.53%	0.18%
FLEX	C	0.52%	0.07%	0.07%
GE	C	0.9%	1.04%	0.9%
GILD	A	0.29%	0.15%	0.15%
GOOGL	B	2.4%	2.85%	2.4%
GS	D	0.33%	0.58%	0.33%
HOLX	D	0.28%	0.22%	0.22%
INTU	F	0.92%	0.98%	0.92%
JBL	C	0.67%	0.26%	0.26%
JPM	D	0.98%	1.83%	0.98%
LEN	B	0.39%	0.11%	0.11%
LLY	D	1.93%	1.39%	1.39%
LMT	A	0.68%	0.68%	0.68%
META	A	2.57%	2.51%	2.51%
MRK	F	0.26%	1.08%	0.26%
MS	B	0.6%	0.55%	0.55%
MSFT	D	7.7%	4.9%	4.9%
NFLX	B	1.06%	0.61%	0.61%
NVDA	B	3.39%	5.56%	3.39%
NVR	B	0.45%	0.61%	0.45%
ORCL	C	0.79%	1.05%	0.79%
REGN	D	0.76%	0.09%	0.09%
SO	A	0.82%	0.9%	0.82%
SYK	C	0.67%	0.04%	0.04%
WFC	F	1.08%	0.34%	0.34%

FFLC Overweight 92 Positions Relative to QLC

Symbol	Grade	Weight
UNH	B	1.72%
V	C	1.63%
XOM	A	1.49%
BA	F	1.31%
AMD	B	1.27%
BSX	A	1.23%
TJX	D	1.2%
ETN	C	1.05%
UBER	C	1.04%
TMO	D	1.03%
PH	B	1.02%
CB	B	0.97%
NKE	D	0.92%
PWR	B	0.92%
KVUE	C	0.88%
LIN	B	0.81%
FCX	B	0.75%
KO	C	0.73%
IR	B	0.73%
APTV	D	0.71%
BKR	B	0.7%
SHOP	C	0.69%
ON	F	0.69%
NXPI	F	0.68%
HWM	A	0.67%
GNRC	B	0.66%
CEG	A	0.66%
VST	B	0.65%
KDP	C	0.63%
NOC	B	0.6%
SLB	D	0.6%
BJ	C	0.58%
TSM	B	0.58%
DIS	D	0.57%
PFGC	A	0.57%
MMC	D	0.53%
LNG	A	0.51%
RL	B	0.51%
WMT	A	0.49%
HLT	B	0.49%
MLM	F	0.48%
CLX	C	0.47%
AZN	D	0.47%
VRT	B	0.46%
BWXT	A	0.45%
SNPS	F	0.44%
WDAY	D	0.44%
DT	B	0.43%
KBR	B	0.42%
ESI	C	0.42%
CMG	C	0.42%
ARES	A	0.41%
FCN	C	0.41%
SPOT	C	0.4%
ITT	C	0.39%
BLDR	B	0.39%
FOUR	B	0.39%
AVY	D	0.38%
EDR	A	0.37%
URI	C	0.37%
WSC	D	0.32%
HLI	B	0.32%
TRNO	D	0.32%
HES	C	0.32%
FTI	B	0.29%
EL	D	0.27%
MDB	D	0.27%
CHDN	D	0.27%
SAM	C	0.27%
GLPI	A	0.26%
TT	A	0.26%
ASML	F	0.25%
NVO	F	0.25%
FSLR	C	0.25%
AR	B	0.24%
ACGL	B	0.24%
FND	C	0.24%
TER	C	0.22%
WST	D	0.22%
DKS	D	0.21%
STZ	D	0.2%
WNS	F	0.19%
FAF	C	0.18%
OI	D	0.17%
NFE	F	0.16%
OWL	A	0.16%
MU	D	0.14%
MASI	B	0.12%
AGL	F	0.12%
LEGN	F	0.12%
LFST	C	0.06%
MRVL	B	0.04%

FFLC Underweight 121 Positions Relative to QLC

Symbol	Grade	Weight
GOOG	B	-2.82%
BRK.A	C	-2.36%
AVGO	C	-1.77%
JNJ	D	-1.61%
PG	D	-1.33%
C	C	-1.16%
LRCX	D	-0.84%
KLAC	B	-0.81%
AMAT	B	-0.8%
T	A	-0.78%
ITW	B	-0.76%
ACN	B	-0.7%
QCOM	C	-0.7%
HD	A	-0.69%
MCK	F	-0.65%
BK	C	-0.64%
AMGN	D	-0.64%
PEG	A	-0.64%
AFL	A	-0.64%
SPG	A	-0.62%
TSLA	C	-0.61%
ETR	A	-0.6%
MPC	C	-0.59%
AZO	D	-0.59%
COF	C	-0.59%
FICO	A	-0.59%
GWW	B	-0.58%
ED	A	-0.57%
PPL	B	-0.57%
LDOS	A	-0.57%
AVB	C	-0.55%
MET	B	-0.55%
PSA	C	-0.54%
VLO	D	-0.54%
COR	F	-0.54%
CHKP	C	-0.52%
EBAY	A	-0.52%
PM	D	-0.52%
AIG	F	-0.51%
NRG	A	-0.49%
WY	C	-0.48%
KR	C	-0.47%
KMB	D	-0.47%
LOW	A	-0.47%
HST	D	-0.46%
STLD	B	-0.45%
EQR	C	-0.45%
SYF	B	-0.44%
MELI	D	-0.43%
GIS	C	-0.42%
NUE	C	-0.42%
FTNT	B	-0.42%
OMC	C	-0.42%
EXPD	D	-0.42%
BMY	B	-0.42%
EXC	A	-0.41%
STT	C	-0.41%
RMD	C	-0.4%
DVA	C	-0.4%
MTD	B	-0.4%
UPS	D	-0.38%
CL	D	-0.37%
CSL	A	-0.36%
CTSH	B	-0.35%
FIS	B	-0.34%
ALLY	F	-0.33%
RCL	C	-0.31%
DELL	C	-0.29%
MO	D	-0.28%
MCHP	F	-0.28%
CMI	A	-0.28%
MAS	A	-0.27%
PHM	A	-0.27%
WAB	B	-0.27%
MMM	C	-0.27%
PCAR	C	-0.27%
PRU	C	-0.27%
EA	D	-0.26%
TAP	D	-0.26%
APP	A	-0.24%
FITB	C	-0.24%
HCA	C	-0.23%
OXY	D	-0.23%
EIX	B	-0.23%
ABBV	B	-0.23%
IDXX	D	-0.22%
CAH	B	-0.21%
DASH	B	-0.21%
ICLR	D	-0.21%
BBY	C	-0.21%
PSX	D	-0.2%
IT	B	-0.19%
NTAP	D	-0.18%
PAYX	A	-0.16%
FI	A	-0.16%
ELV	F	-0.16%
WSM	B	-0.16%
HOOD	C	-0.15%
THC	D	-0.15%
DFS	C	-0.14%
LYB	F	-0.13%
UTHR	C	-0.13%
ABT	C	-0.13%
MANH	C	-0.12%
EME	C	-0.11%
AOS	B	-0.1%
GEHC	C	-0.09%
CRBG	B	-0.08%
TGT	D	-0.07%
EXPE	B	-0.05%
ZM	C	-0.05%
ADP	A	-0.05%
EVRG	C	-0.03%
JLL	C	-0.03%
ROP	C	-0.03%
MAA	D	-0.02%
EMR	B	-0.02%
MEDP	F	-0.02%
TXT	F	-0.02%
ADM	F	-0.02%
LAMR	C	-0.02%