FFLV vs. FUTY ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to Fidelity MSCI Utilities Index ETF (FUTY)

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

$23.11

Average Daily Volume

884

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

FUTY

Fidelity MSCI Utilities Index ETF

FUTY Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Utilities Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Utilities Index, which represents the performance of the utilities sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Utilities Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.44

Average Daily Volume

289,758

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	FUTY
30 Days	4.61%	-0.32%
60 Days	5.50%	1.61%
90 Days	6.74%	8.69%
12 Months		35.17%

7 Overlapping Holdings

Symbol	Grade	Weight in FFLV	Weight in FUTY	Overlap
AES	F	0.54%	0.76%	0.54%
CEG	D	0.52%	5.45%	0.52%
EIX	B	1.58%	2.42%	1.58%
MDU	D	0.27%	0.27%	0.27%
PCG	A	1.49%	3.27%	1.49%
SRE	A	0.89%	4.39%	0.89%
VST	B	0.46%	3.69%	0.46%

FFLV Overweight 101 Positions Relative to FUTY

Symbol	Grade	Weight
XOM	B	4.54%
JPM	A	4.36%
CSCO	B	3.48%
WFC	A	3.09%
HIG	B	2.6%
BAC	A	2.34%
CMCSA	B	2.31%
UNH	C	2.23%
TRV	B	2.2%
JNJ	D	2.03%
ELV	F	1.96%
KVUE	A	1.95%
JCI	C	1.84%
FDX	B	1.7%
PLD	D	1.66%
CI	F	1.59%
USFD	A	1.49%
ALSN	B	1.38%
APO	B	1.37%
WELL	A	1.32%
SJM	D	1.24%
CVS	D	1.21%
AZN	D	1.09%
BRK.A	B	1.04%
WLK	D	1.01%
RJF	A	1.01%
TKR	D	0.99%
CNC	D	0.96%
MCHP	D	0.94%
COR	B	0.88%
MRK	F	0.88%
AFG	A	0.87%
TSM	B	0.86%
TRGP	B	0.84%
DOX	D	0.84%
GEN	B	0.83%
GPK	C	0.82%
KDP	D	0.8%
UHAL	D	0.8%
CB	C	0.76%
ORI	A	0.75%
GDDY	A	0.7%
RRX	B	0.69%
LMT	D	0.68%
FLR	B	0.68%
TPX	B	0.67%
CNXC	F	0.67%
PSA	D	0.65%
LW	C	0.65%
SNX	C	0.61%
BCO	D	0.6%
WCC	B	0.58%
XPO	B	0.58%
LOW	D	0.58%
BC	C	0.58%
KO	D	0.57%
CG	A	0.56%
ALLY	C	0.54%
KEY	B	0.52%
HPQ	B	0.47%
SW	A	0.47%
UFPI	B	0.46%
GMS	B	0.46%
GPN	B	0.44%
LAD	A	0.43%
IPG	D	0.42%
APTV	D	0.39%
FAF	A	0.38%
GTES	A	0.38%
DOOO	F	0.37%
LPX	B	0.36%
OLN	D	0.33%
HRI	B	0.32%
CC	C	0.31%
AAP	C	0.31%
DAR	C	0.31%
HOG	D	0.3%
LITE	B	0.29%
SLM	A	0.28%
CPT	B	0.28%
HRB	D	0.27%
UPBD	B	0.26%
G	B	0.26%
BG	F	0.25%
OMF	A	0.24%
PM	B	0.22%
NXST	C	0.22%
VSTS	C	0.22%
CIEN	B	0.22%
TEX	D	0.21%
AR	B	0.2%
COMP	B	0.2%
SIG	B	0.2%
TPR	B	0.17%
SNY	F	0.17%
CCI	D	0.14%
MOH	F	0.13%
EWBC	A	0.13%
FCNCA	A	0.12%
WBS	A	0.11%
FTRE	D	0.07%

FFLV Underweight 60 Positions Relative to FUTY

Symbol	Grade	Weight
NEE	D	-11.85%
SO	D	-7.27%
DUK	C	-6.55%
AEP	D	-3.79%
D	C	-3.61%
PEG	A	-3.32%
XEL	A	-2.93%
EXC	C	-2.92%
ED	D	-2.52%
ETR	B	-2.41%
WEC	A	-2.33%
AWK	D	-1.97%
DTE	C	-1.89%
PPL	B	-1.88%
AEE	A	-1.83%
FE	C	-1.71%
ATO	A	-1.67%
ES	D	-1.66%
CMS	C	-1.54%
CNP	B	-1.47%
NRG	B	-1.46%
NI	A	-1.24%
LNT	A	-1.17%
EVRG	A	-1.11%
PNW	B	-0.79%
WTRG	B	-0.76%
OGE	B	-0.64%
IDA	A	-0.45%
NFG	A	-0.4%
UGI	A	-0.37%
NJR	A	-0.36%
POR	C	-0.36%
ORA	B	-0.33%
BKH	A	-0.33%
SWX	B	-0.33%
OGS	A	-0.32%
PNM	F	-0.3%
ALE	A	-0.29%
SR	A	-0.29%
MGEE	C	-0.29%
NWE	B	-0.26%
AWR	B	-0.24%
OTTR	C	-0.23%
CPK	A	-0.22%
CWT	D	-0.22%
AVA	A	-0.22%
CWEN	C	-0.17%
SJW	D	-0.13%
NWN	A	-0.12%
NEP	F	-0.12%
HE	C	-0.12%
MSEX	B	-0.09%
CWEN	C	-0.07%
UTL	B	-0.07%
OKLO	B	-0.06%
YORW	D	-0.04%
NOVA	F	-0.03%
GNE	D	-0.02%
MNTK	F	-0.02%
AMPS	C	-0.02%