FFLV vs. GQRE ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to FlexShares Global Quality Real Estate Index Fund (GQRE)

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

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally invest at least 80% of its total assets in the securities of the underlying index and in "ADRs" and "GDRs" based on the securities in its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$61.16

Average Daily Volume

18,015

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	GQRE
30 Days	4.61%	-0.18%
60 Days	5.50%	-2.28%
90 Days	6.74%	1.56%
12 Months		22.76%

5 Overlapping Holdings

Symbol	Grade	Weight in FFLV	Weight in GQRE	Overlap
CCI	D	0.14%	0.19%	0.14%
CPT	B	0.28%	1.73%	0.28%
PLD	D	1.66%	2.99%	1.66%
PSA	D	0.65%	0.64%	0.64%
WELL	A	1.32%	1.42%	1.32%

FFLV Overweight 103 Positions Relative to GQRE

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%
CI	F	1.59%
EIX	B	1.58%
USFD	A	1.49%
PCG	A	1.49%
ALSN	B	1.38%
APO	B	1.37%
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%
SRE	A	0.89%
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%
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%
AES	F	0.54%
ALLY	C	0.54%
CEG	D	0.52%
KEY	B	0.52%
HPQ	B	0.47%
SW	A	0.47%
VST	B	0.46%
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%
MDU	D	0.27%
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%
MOH	F	0.13%
EWBC	A	0.13%
FCNCA	A	0.12%
WBS	A	0.11%
FTRE	D	0.07%

FFLV Underweight 58 Positions Relative to GQRE

Symbol	Grade	Weight
SPG	B	-5.85%
DLR	B	-5.76%
AVB	B	-4.37%
EQR	B	-3.36%
ESS	B	-2.62%
VICI	C	-2.46%
AMT	D	-2.37%
KIM	A	-2.25%
UDR	B	-1.88%
EQIX	A	-1.74%
AMH	D	-1.67%
HST	C	-1.66%
REG	B	-1.59%
LAMR	D	-1.5%
CUBE	D	-1.45%
NNN	D	-1.04%
ADC	B	-1.02%
FR	C	-0.94%
VNO	B	-0.91%
STAG	F	-0.89%
KRG	B	-0.8%
EPRT	B	-0.77%
IRM	D	-0.69%
SLG	B	-0.66%
CUZ	B	-0.64%
IRT	A	-0.63%
KRC	C	-0.6%
SBRA	C	-0.57%
SKT	B	-0.52%
APLE	B	-0.47%
HIW	D	-0.46%
EPR	D	-0.45%
NHI	D	-0.45%
WY	D	-0.43%
BNL	D	-0.43%
PK	B	-0.42%
HASI	D	-0.42%
O	D	-0.41%
IIPR	D	-0.4%
NSA	D	-0.4%
UE	C	-0.38%
AKR	B	-0.35%
IVT	B	-0.3%
EQC	B	-0.29%
LTC	B	-0.28%
SHO	C	-0.28%
XHR	B	-0.28%
DBRG	F	-0.28%
AAT	B	-0.26%
ALEX	C	-0.26%
DRH	B	-0.26%
PDM	D	-0.26%
ESRT	C	-0.26%
CSR	B	-0.24%
JOE	F	-0.24%
RLJ	C	-0.24%
NXRT	B	-0.24%
HPP	F	-0.16%