FFLV vs. CFCV ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to ClearBridge Focus Value ETF (CFCV)

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLV Description

The fund will normally invest at least 80% of the fund"s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.96

Average Daily Volume

7,065

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CFCV

ClearBridge Focus Value ETF

CFCV Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities, or other exchange-traded investments with similar economic characteristics in which it is permitted to invest, of companies with large market capitalizations. It will only invest in instruments that trade on a U.S. exchange contemporaneously with the fund's shares and, for temporary or defensive purposes, in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$37.18

Average Daily Volume

1,515

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	CFCV
30 Days	0.46%	-0.31%
60 Days	6.60%	-0.21%
90 Days	8.11%	3.26%
12 Months		16.92%

4 Overlapping Holdings

Symbol	Grade	Weight in FFLV	Weight in CFCV	Overlap
BAC	D	2.34%	2.23%	2.23%
CMCSA	B	2.31%	3.22%	2.31%
JPM	D	4.36%	4.64%	4.36%
UNH	B	2.23%	2.29%	2.23%

FFLV Overweight 6 Positions Relative to CFCV

Symbol	Grade	Weight
XOM	B	4.54%
CSCO	A	3.48%
WFC	D	3.09%
HIG	A	2.6%
TRV	C	2.2%
SHEL	F	2.14%

FFLV Underweight 35 Positions Relative to CFCV

Symbol	Grade	Weight
SRE	A	-5.0%
WEC	A	-4.43%
SHW	B	-4.35%
MCK	F	-4.29%
JNJ	C	-4.29%
MCHP	F	-3.9%
TMO	C	-3.87%
AXP	A	-3.28%
MLM	D	-3.21%
BDX	B	-3.12%
EIX	A	-3.06%
OTIS	A	-2.99%
WMB	A	-2.98%
MSI	A	-2.94%
SCHW	D	-2.49%
ITW	B	-2.42%
HD	A	-2.26%
VLTO	C	-2.2%
MMC	D	-2.19%
COF	C	-2.18%
XPO	F	-1.91%
AVGO	C	-1.88%
HLN	A	-1.77%
INTC	D	-1.67%
PGR	C	-1.67%
ORLY	A	-1.42%
V	C	-1.35%
META	A	-1.32%
MSFT	C	-1.29%
PH	B	-1.24%
GOOGL	C	-1.17%
DE	A	-1.01%
DIS	D	-0.8%
CVS	D	-0.77%
SBUX	B	-0.55%