FLRG vs. FLQL ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to Franklin LibertyQ U.S. Equity ETF (FLQL)

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$35.37

Average Daily Volume

51,658

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

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

Performance

Period	FLRG	FLQL
30 Days	3.91%	2.44%
60 Days	5.11%	3.55%
90 Days	6.17%	4.50%
12 Months	32.36%	31.26%

58 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in FLQL	Overlap
ABBV	D	1.29%	1.33%	1.29%
ACGL	D	1.02%	0.26%	0.26%
ALSN	B	1.02%	0.12%	0.12%
AMAT	F	0.77%	0.96%	0.77%
AMGN	D	0.91%	1.05%	0.91%
ANET	C	0.68%	0.77%	0.68%
APH	A	0.61%	0.6%	0.6%
AVGO	D	1.93%	1.77%	1.77%
BKNG	A	1.15%	1.19%	1.15%
CF	B	0.91%	0.11%	0.11%
CI	F	0.83%	0.56%	0.56%
CL	D	0.82%	0.52%	0.52%
CRUS	D	0.47%	0.07%	0.07%
CTSH	B	0.52%	0.24%	0.24%
DELL	C	0.54%	0.19%	0.19%
DTM	B	0.9%	0.12%	0.12%
FICO	B	0.63%	0.17%	0.17%
FOXA	B	0.14%	0.11%	0.11%
GOOGL	C	3.46%	2.04%	2.04%
HIG	B	0.95%	0.19%	0.19%
HRB	D	0.87%	0.09%	0.09%
IBM	C	0.9%	1.31%	0.9%
JNJ	D	1.35%	1.55%	1.35%
KLAC	D	0.65%	0.67%	0.65%
KMB	D	0.75%	0.14%	0.14%
LEN	D	0.91%	0.3%	0.3%
LEN	D	0.91%	0.09%	0.09%
LLY	F	1.98%	1.31%	1.31%
LMT	D	1.2%	0.4%	0.4%
LRCX	F	0.63%	0.66%	0.63%
MA	C	1.64%	1.79%	1.64%
META	D	2.47%	2.48%	2.47%
MO	A	0.82%	0.85%	0.82%
MSFT	F	6.44%	5.96%	5.96%
MSI	B	0.64%	0.58%	0.58%
MTG	C	0.87%	0.09%	0.09%
NFG	A	1.12%	0.1%	0.1%
NTAP	C	0.49%	0.21%	0.21%
NVDA	C	6.08%	6.71%	6.08%
NVR	D	0.94%	0.19%	0.19%
OHI	C	0.87%	0.1%	0.1%
PCAR	B	1.03%	0.44%	0.44%
PHM	D	0.91%	0.22%	0.22%
PM	B	1.01%	0.71%	0.71%
PSA	D	1.04%	0.38%	0.38%
QCOM	F	0.81%	1.22%	0.81%
REGN	F	0.8%	0.59%	0.59%
RGA	A	0.83%	0.11%	0.11%
STLD	B	0.81%	0.16%	0.16%
SWKS	F	0.43%	0.09%	0.09%
SYF	B	0.88%	0.21%	0.21%
T	A	0.41%	1.07%	0.41%
TMUS	B	0.31%	0.59%	0.31%
UTHR	C	0.7%	0.12%	0.12%
VICI	C	0.88%	0.1%	0.1%
VRTX	F	0.79%	0.92%	0.79%
VZ	C	0.47%	1.24%	0.47%
WSM	B	0.86%	0.15%	0.15%

FLRG Overweight 44 Positions Relative to FLQL

Symbol	Grade	Weight
VST	B	1.76%
V	A	1.66%
HD	A	1.62%
PG	A	1.43%
MCD	D	1.28%
PGR	A	1.25%
ADP	B	1.17%
PAYX	C	1.04%
MLI	C	1.0%
VRSK	A	1.0%
BCC	B	0.97%
SNA	A	0.97%
ORLY	B	0.91%
EG	C	0.9%
JXN	C	0.89%
CRBG	B	0.88%
AZO	C	0.87%
ESNT	D	0.87%
CTRA	B	0.83%
NUE	C	0.82%
RDN	C	0.81%
VLO	C	0.81%
BRBR	A	0.77%
NFLX	A	0.69%
CNC	D	0.67%
CRWD	B	0.67%
CHRD	D	0.67%
MOH	F	0.65%
RPRX	D	0.63%
CDNS	B	0.6%
MCK	B	0.6%
ZM	B	0.56%
NXPI	D	0.55%
GDDY	A	0.53%
GEN	B	0.51%
DBX	B	0.5%
AKAM	D	0.5%
ACIW	B	0.5%
DOX	D	0.47%
CVLT	B	0.47%
DLB	B	0.45%
QLYS	C	0.42%
CMCSA	B	0.41%
EA	A	0.17%

FLRG Underweight 152 Positions Relative to FLQL

Symbol	Grade	Weight
AAPL	C	-7.0%
AMZN	C	-2.92%
GOOG	C	-1.73%
COST	B	-1.7%
WMT	A	-1.68%
ISRG	A	-1.3%
CAT	B	-1.27%
TXN	C	-1.24%
JPM	A	-1.23%
MRK	F	-1.21%
TSLA	B	-1.13%
BRK.A	B	-1.11%
C	A	-0.97%
TJX	A	-0.95%
SYK	C	-0.94%
ORCL	B	-0.88%
BSX	B	-0.84%
WM	A	-0.67%
TT	A	-0.65%
XOM	B	-0.63%
GS	A	-0.6%
CMG	B	-0.57%
CB	C	-0.56%
MCO	B	-0.56%
PH	A	-0.52%
UNH	C	-0.52%
RTX	C	-0.5%
HCA	F	-0.49%
SPG	B	-0.46%
CTAS	B	-0.46%
APP	B	-0.42%
GD	F	-0.39%
GWW	B	-0.38%
URI	B	-0.38%
DHI	D	-0.36%
GM	B	-0.35%
HLT	A	-0.33%
FAST	B	-0.33%
ADI	D	-0.32%
RSG	A	-0.31%
HPQ	B	-0.29%
SO	D	-0.29%
ELV	F	-0.28%
CMI	A	-0.26%
HWM	A	-0.25%
GRMN	B	-0.25%
MCHP	D	-0.23%
AFL	B	-0.23%
SPOT	B	-0.22%
PEG	A	-0.22%
DECK	A	-0.22%
HPE	B	-0.21%
DAL	C	-0.2%
FANG	D	-0.2%
GLW	B	-0.19%
IRM	D	-0.18%
LDOS	C	-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%
PKG	A	-0.15%
LII	A	-0.15%
CSL	C	-0.15%
TSCO	D	-0.15%
O	D	-0.15%
WSO	A	-0.13%
OC	A	-0.13%
TOL	B	-0.13%
RMD	C	-0.13%
CFG	B	-0.13%
IP	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%
FIX	A	-0.12%
AXS	A	-0.11%
LNC	B	-0.11%
BJ	A	-0.11%
MUSA	A	-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%
G	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%
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%
DVA	B	-0.1%
ADC	B	-0.1%
DKS	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%
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%
MDU	D	-0.07%