FFLG vs. MMLG ETF Comparison

Comparison of Fidelity Fundamental Large Cap Growth ETF (FFLG) to First Trust Multi-Manager Large Growth ETF (MMLG)
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

$25.03

Average Daily Volume

30,102

Number of Holdings *

91

* may have additional holdings in another (foreign) market
MMLG

First Trust Multi-Manager Large Growth ETF

MMLG Description The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.47

Average Daily Volume

12,050

Number of Holdings *

77

* may have additional holdings in another (foreign) market
Performance
Period FFLG MMLG
30 Days 2.46% 5.74%
60 Days 5.66% 7.34%
90 Days 6.27% 8.66%
12 Months 40.11% 35.13%
27 Overlapping Holdings
Symbol Grade Weight in FFLG Weight in MMLG Overlap
AAPL C 12.07% 4.57% 4.57%
ABNB C 0.52% 0.32% 0.32%
AMZN C 7.12% 6.51% 6.51%
ASML F 1.3% 1.23% 1.23%
AVGO D 0.3% 1.98% 0.3%
BLDR D 0.57% 0.37% 0.37%
BSX B 1.72% 0.44% 0.44%
CDNS B 0.86% 0.54% 0.54%
CMG B 0.49% 0.75% 0.49%
CRM B 0.75% 0.9% 0.75%
GOOGL C 2.48% 2.26% 2.26%
HUBS A 0.76% 0.28% 0.28%
ICE C 0.54% 1.48% 0.54%
IR B 0.51% 0.52% 0.51%
LLY F 1.46% 1.42% 1.42%
MA C 1.95% 1.45% 1.45%
MDB C 0.63% 0.36% 0.36%
META D 5.34% 4.47% 4.47%
MNST C 0.52% 0.35% 0.35%
MSFT F 9.14% 6.68% 6.68%
NFLX A 2.02% 2.79% 2.02%
NVDA C 12.31% 10.25% 10.25%
SE B 0.13% 2.06% 0.13%
SHOP B 0.55% 2.64% 0.55%
SQ B 0.31% 1.8% 0.31%
UBER D 2.21% 1.87% 1.87%
UNH C 0.62% 0.49% 0.49%
FFLG Overweight 64 Positions Relative to MMLG
Symbol Grade Weight
GOOG C 2.82%
TSM B 1.96%
LOW D 1.57%
NXPI D 1.37%
GE D 0.9%
TMUS B 0.88%
MPWR F 0.85%
LULU C 0.8%
ON D 0.76%
MU D 0.73%
ALNY D 0.71%
MRVL B 0.7%
FLEX A 0.69%
DHR F 0.68%
TJX A 0.63%
REGN F 0.59%
BLD D 0.58%
CVNA B 0.57%
TMO F 0.57%
KDP D 0.55%
XOM B 0.53%
HWM A 0.5%
WMT A 0.49%
RH B 0.48%
EME C 0.46%
COIN C 0.45%
GEV B 0.44%
SNAP C 0.44%
PODD C 0.42%
NTNX A 0.42%
CSGP D 0.39%
ROKU D 0.38%
FIX A 0.37%
BRKR D 0.36%
FSLR F 0.33%
DPZ C 0.33%
HQY B 0.33%
FLYW C 0.32%
VMC B 0.32%
EXAS D 0.3%
NVO D 0.28%
ARGX A 0.27%
HOOD B 0.26%
PM B 0.24%
PCVX D 0.24%
TEVA D 0.24%
DKS C 0.23%
ITCI C 0.22%
TMDX F 0.21%
ATI D 0.19%
RRC B 0.19%
AZN D 0.18%
LYFT C 0.18%
IONS F 0.16%
NUVL D 0.16%
RIVN F 0.14%
MRNA F 0.13%
RDDT B 0.12%
HOLX D 0.12%
ROIV C 0.1%
IDYA F 0.09%
LEGN F 0.07%
TGT F 0.07%
W F 0.03%
FFLG Underweight 50 Positions Relative to MMLG
Symbol Grade Weight
NOW A -3.93%
TEAM A -2.14%
DDOG A -2.1%
DASH A -1.85%
SPOT B -1.83%
DXCM D -1.69%
NU C -1.61%
IOT A -1.42%
NET B -1.35%
ENTG D -1.1%
V A -1.09%
OKTA C -1.02%
TSLA B -0.93%
RARE D -0.83%
RBLX C -0.79%
INTU C -0.73%
LYV A -0.65%
SNOW C -0.65%
ADBE C -0.64%
MRK F -0.63%
ORLY B -0.62%
QCOM F -0.58%
VEEV C -0.56%
SHW A -0.55%
KLAC D -0.55%
IT C -0.52%
AXP A -0.48%
ANET C -0.47%
ARES A -0.44%
WDAY B -0.44%
EQIX A -0.43%
PANW C -0.43%
VRTX F -0.41%
PTC A -0.4%
SPGI C -0.4%
KKR A -0.4%
CDW F -0.4%
COHR B -0.39%
NKE D -0.32%
NDSN B -0.31%
ACGL D -0.3%
EW C -0.3%
APH A -0.3%
TXN C -0.29%
AMD F -0.29%
DKNG B -0.29%
EL F -0.29%
PINS D -0.21%
FANG D -0.18%
VST B -0.13%
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