FLQL vs. FFLC ETF Comparison

Comparison of Franklin LibertyQ U.S. Equity ETF (FLQL) to Fidelity Fundamental Large Cap Core ETF (FFLC)

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. 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 portfolio includes stocks with growth and/or value characteristics. 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 New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLQL	FFLC
30 Days	2.44%	2.14%
60 Days	3.55%	3.92%
90 Days	4.50%	6.30%
12 Months	31.26%	37.29%

34 Overlapping Holdings

Symbol	Grade	Weight in FLQL	Weight in FFLC	Overlap
AAPL	C	7.0%	4.26%	4.26%
ABBV	D	1.33%	0.61%	0.61%
ALSN	B	0.12%	0.83%	0.12%
AMZN	C	2.92%	2.89%	2.89%
APH	A	0.6%	0.85%	0.6%
AVGO	D	1.77%	1.98%	1.77%
BSX	B	0.84%	1.35%	0.84%
CB	C	0.56%	0.73%	0.56%
CI	F	0.56%	1.23%	0.56%
COST	B	1.7%	0.63%	0.63%
DKS	C	0.1%	0.19%	0.1%
ELV	F	0.28%	0.63%	0.28%
GD	F	0.39%	0.38%	0.38%
GOOGL	C	2.04%	3.2%	2.04%
HLT	A	0.33%	0.52%	0.33%
HRB	D	0.09%	0.64%	0.09%
IP	B	0.13%	0.18%	0.13%
LEN	D	0.3%	0.36%	0.3%
LEN	D	0.09%	0.36%	0.09%
LLY	F	1.31%	1.85%	1.31%
MA	C	1.79%	0.85%	0.85%
META	D	2.48%	4.7%	2.48%
MSFT	F	5.96%	6.98%	5.96%
NVDA	C	6.71%	5.71%	5.71%
ORCL	B	0.88%	0.97%	0.88%
REGN	F	0.59%	0.75%	0.59%
SO	D	0.29%	1.72%	0.29%
SPG	B	0.46%	0.18%	0.18%
TMUS	B	0.59%	0.2%	0.2%
UNH	C	0.52%	1.72%	0.52%
URI	B	0.38%	0.92%	0.38%
WSM	B	0.15%	0.4%	0.15%
WSO	A	0.13%	0.56%	0.13%
XOM	B	0.63%	2.88%	0.63%

FLQL Overweight 176 Positions Relative to FFLC

Symbol	Grade	Weight
GOOG	C	1.73%
WMT	A	1.68%
JNJ	D	1.55%
IBM	C	1.31%
ISRG	A	1.3%
CAT	B	1.27%
VZ	C	1.24%
TXN	C	1.24%
JPM	A	1.23%
QCOM	F	1.22%
MRK	F	1.21%
BKNG	A	1.19%
TSLA	B	1.13%
BRK.A	B	1.11%
T	A	1.07%
AMGN	D	1.05%
C	A	0.97%
AMAT	F	0.96%
TJX	A	0.95%
SYK	C	0.94%
VRTX	F	0.92%
MO	A	0.85%
ANET	C	0.77%
PM	B	0.71%
WM	A	0.67%
KLAC	D	0.67%
LRCX	F	0.66%
TT	A	0.65%
GS	A	0.6%
MSI	B	0.58%
CMG	B	0.57%
MCO	B	0.56%
PH	A	0.52%
CL	D	0.52%
RTX	C	0.5%
HCA	F	0.49%
CTAS	B	0.46%
PCAR	B	0.44%
APP	B	0.42%
LMT	D	0.4%
GWW	B	0.38%
PSA	D	0.38%
DHI	D	0.36%
GM	B	0.35%
FAST	B	0.33%
ADI	D	0.32%
RSG	A	0.31%
HPQ	B	0.29%
ACGL	D	0.26%
CMI	A	0.26%
HWM	A	0.25%
GRMN	B	0.25%
CTSH	B	0.24%
MCHP	D	0.23%
AFL	B	0.23%
SPOT	B	0.22%
PHM	D	0.22%
PEG	A	0.22%
DECK	A	0.22%
SYF	B	0.21%
HPE	B	0.21%
NTAP	C	0.21%
DAL	C	0.2%
FANG	D	0.2%
DELL	C	0.19%
HIG	B	0.19%
GLW	B	0.19%
NVR	D	0.19%
IRM	D	0.18%
LDOS	C	0.17%
FICO	B	0.17%
EBAY	D	0.17%
WAB	B	0.17%
RCL	A	0.17%
LYB	F	0.16%
TPL	A	0.16%
ETR	B	0.16%
STLD	B	0.16%
PKG	A	0.15%
LII	A	0.15%
CSL	C	0.15%
TSCO	D	0.15%
O	D	0.15%
KMB	D	0.14%
OC	A	0.13%
TOL	B	0.13%
RMD	C	0.13%
CFG	B	0.13%
TNL	A	0.12%
NRG	B	0.12%
EME	C	0.12%
AWI	A	0.12%
RL	B	0.12%
JEF	A	0.12%
MAS	D	0.12%
AYI	B	0.12%
EVR	B	0.12%
UTHR	C	0.12%
FIX	A	0.12%
DTM	B	0.12%
AXS	A	0.11%
LNC	B	0.11%
BJ	A	0.11%
MUSA	A	0.11%
FOXA	B	0.11%
EXR	D	0.11%
PPC	C	0.11%
FOX	A	0.11%
CW	B	0.11%
DPZ	C	0.11%
R	B	0.11%
LOPE	B	0.11%
CASY	A	0.11%
RGA	A	0.11%
G	B	0.11%
CF	B	0.11%
ESS	B	0.11%
TXRH	C	0.11%
JHG	A	0.11%
THC	D	0.11%
BBY	D	0.11%
UGI	A	0.1%
OHI	C	0.1%
ROL	B	0.1%
SCCO	F	0.1%
K	A	0.1%
EMN	D	0.1%
DGX	A	0.1%
CLH	B	0.1%
LAMR	D	0.1%
UHS	D	0.1%
AVB	B	0.1%
NFG	A	0.1%
DVA	B	0.1%
ADC	B	0.1%
VICI	C	0.1%
KRC	C	0.1%
INGR	B	0.1%
KEX	C	0.1%
RGLD	C	0.1%
EHC	B	0.1%
CHRW	C	0.1%
CUZ	B	0.1%
AMCR	D	0.09%
WU	D	0.09%
JNPR	F	0.09%
NNN	D	0.09%
MPWR	F	0.09%
EPR	D	0.09%
PK	B	0.09%
SNX	C	0.09%
CACI	D	0.09%
NEU	C	0.09%
GAP	C	0.09%
GPK	C	0.09%
CHE	D	0.09%
GLPI	C	0.09%
AVT	C	0.09%
OMC	C	0.09%
SWKS	F	0.09%
MTG	C	0.09%
M	D	0.09%
SSNC	B	0.09%
HIW	D	0.09%
APA	D	0.08%
CRI	D	0.08%
WING	D	0.08%
COKE	C	0.08%
CIVI	D	0.08%
MEDP	D	0.08%
DVN	F	0.08%
TER	D	0.08%
CROX	D	0.07%
OGN	D	0.07%
CRUS	D	0.07%
MDU	D	0.07%

FLQL Underweight 54 Positions Relative to FFLC

Symbol	Grade	Weight
BAC	A	-2.18%
WFC	A	-1.82%
CMCSA	B	-1.69%
GE	D	-1.61%
FI	A	-1.34%
V	A	-1.31%
EIX	B	-1.31%
TMO	F	-1.18%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	D	-1.06%
CEG	D	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
INTU	C	-1.0%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
BMY	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
MOD	A	-0.84%
UPS	C	-0.78%
RPRX	D	-0.76%
BA	F	-0.72%
VRT	B	-0.66%
UBER	D	-0.61%
CCI	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
NVO	D	-0.53%
DOX	D	-0.53%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
MAR	B	-0.42%
AJG	B	-0.41%
GEN	B	-0.37%
COR	B	-0.37%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	D	-0.29%
GILD	C	-0.27%
NOC	D	-0.25%
LIN	D	-0.2%
MELI	D	-0.2%
SPR	D	-0.19%
ASML	F	-0.18%
KBR	F	-0.17%
LNG	B	-0.03%
MRVL	B	-0.02%