FFLG vs. FFLS ETF Comparison

Comparison of Fidelity Fundamental Large Cap Growth ETF (FFLG) to The Future Fund Long/Short ETF (FFLS)

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. 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 fund invests in both US and non-US companies. 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 Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$21.98

Average Daily Volume

57,225

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

FFLS

The Future Fund Long/Short ETF

FFLS Description

Under normal conditions, the fund, which is an actively managed exchange traded fund or "ETF", will invest at least 80% of its assets in long and short positions in U.S. exchange-listed equity securities and American Depositary Receipts (ADRs). The fund may invest in the equity securities of companies of any market capitalization although the fund will primarily invest (at least 65% of its assets) in mid and large capitalization companies (companies with market capitalizations in excess of $2 billion). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.88

Average Daily Volume

8,359

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLG	FFLS
30 Days	3.78%	2.46%
60 Days	-9.68%	-7.08%
90 Days	-4.37%	-6.11%
12 Months	28.04%	10.05%

6 Overlapping Holdings

Symbol	Grade	Weight in FFLG	Weight in FFLS	Overlap
CRM	D	0.77%	3.46%	0.77%
GOOGL	D	2.8%	7.57%	2.8%
LLY	B	1.25%	6.56%	1.25%
NFLX	B	0.55%	3.97%	0.55%
NVDA	D	7.82%	6.43%	6.43%
UBER	B	3.45%	3.55%	3.45%

FFLG Overweight 94 Positions Relative to FFLS

Symbol	Grade	Weight
MSFT	D	10.56%
META	C	5.36%
AMZN	D	5.21%
GOOG	D	4.66%
TMUS	B	2.86%
ROKU	C	2.65%
AAPL	C	2.2%
UNH	A	2.14%
AMD	F	1.93%
ON	D	1.9%
BSX	A	1.88%
SQ	D	1.85%
FLEX	C	1.84%
NXPI	D	1.81%
SE	B	1.73%
V	A	1.57%
GPN	C	1.32%
VRT	F	1.2%
LPLA	D	1.04%
ADBE	B	1.01%
FND	C	0.97%
MDB	C	0.92%
ORCL	A	0.91%
HUM	D	0.89%
MQ	F	0.87%
SNAP	F	0.87%
EPAM	C	0.86%
NOW	B	0.84%
MRVL	D	0.8%
BA	F	0.74%
ZI	F	0.68%
DT	A	0.67%
CVNA	C	0.66%
PCG	A	0.64%
DDOG	D	0.64%
TSM	D	0.64%
MA	B	0.59%
INTU	D	0.58%
HUBS	F	0.55%
CYTK	F	0.55%
PEN	C	0.54%
DLO	D	0.51%
CNC	D	0.5%
CEG	D	0.49%
JBL	F	0.47%
AGL	F	0.46%
TMDX	C	0.46%
TMO	A	0.42%
BJ	D	0.4%
PCVX	A	0.4%
LOW	B	0.4%
DHR	B	0.38%
AMT	A	0.38%
INTA	B	0.36%
AR	F	0.34%
LYFT	F	0.29%
MGNI	D	0.29%
GFS	F	0.28%
AMAT	F	0.26%
LITE	C	0.26%
ACVA	B	0.25%
DV	F	0.23%
ARGX	A	0.22%
OVV	F	0.22%
CLDX	A	0.22%
PANW	B	0.19%
LULU	F	0.17%
ETN	D	0.17%
COHR	C	0.16%
PSTG	F	0.15%
BE	F	0.14%
KO	B	0.14%
APO	D	0.12%
NUVL	A	0.11%
MRNA	F	0.1%
ACN	A	0.1%
NVO	C	0.1%
REGN	B	0.1%
ALNY	C	0.1%
CHTR	C	0.09%
ZNTL	F	0.08%
KROS	B	0.07%
ALXO	F	0.06%
SNOW	F	0.06%
W	F	0.05%
ANET	D	0.05%
FSLR	C	0.05%
AVGO	D	0.04%
VLTO	B	0.04%
ARM	D	0.03%
LEN	B	0.02%
TSLA	D	0.01%
ASND	D	0.0%
ALHC	A	0.0%

FFLG Underweight 4 Positions Relative to FFLS

Symbol	Grade	Weight
URI	C	-4.28%
CIEN	B	-3.72%
MU	F	-3.5%
DASH	B	-3.41%