FFLV vs. LOWV ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to AB US Low Volatility Equity ETF (LOWV)

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

$20.37

Average Daily Volume

790

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LOWV

AB US Low Volatility Equity ETF

LOWV Description

The fund is an actively-managed exchange-traded fund ("ETF"). The adviser seeks to achieve the fund"s investment objective by investing, under normal circumstances, at least 80% of its net assets in the equity securities of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.54

Average Daily Volume

1,765

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	LOWV
30 Days	-0.58%	4.16%
60 Days	-0.04%	7.04%
90 Days	-0.44%	6.21%
12 Months		24.32%

2 Overlapping Holdings

	Symbol	Grade	Weight in FFLV	Weight in LOWV	Overlap
	SHEL	A	2.19%	2.02%	2.02%
	UNH	D	2.25%	2.27%	2.25%

FFLV Overweight 8 Positions Relative to LOWV

Symbol	Grade	Weight
XOM	D	4.6%
JPM	B	4.26%
CSCO	D	3.42%
WFC	C	3.2%
JNJ	F	3.15%
HIG	C	2.49%
CMCSA	F	2.29%
TRV	D	2.25%

FFLV Underweight 8 Positions Relative to LOWV

Symbol	Grade	Weight
MSFT	A	-8.82%
GOOG	A	-5.55%
AAPL	A	-3.72%
AVGO	B	-3.52%
MRK	C	-2.68%
ABBV	C	-2.19%
V	C	-2.17%
META	A	-2.14%