FLRG vs. FTA ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

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

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	FTA
30 Days	3.91%	4.88%
60 Days	5.11%	5.23%
90 Days	6.17%	6.80%
12 Months	32.36%	26.69%

29 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in FTA	Overlap
AKAM	D	0.5%	0.45%	0.45%
CF	B	0.91%	0.7%	0.7%
CI	F	0.83%	0.16%	0.16%
CMCSA	B	0.41%	0.91%	0.41%
CNC	D	0.67%	0.55%	0.55%
CRBG	B	0.88%	0.74%	0.74%
CTRA	B	0.83%	0.93%	0.83%
CTSH	B	0.52%	0.73%	0.52%
EG	C	0.9%	0.82%	0.82%
FOXA	B	0.14%	0.98%	0.14%
HD	A	1.62%	0.17%	0.17%
HIG	B	0.95%	0.69%	0.69%
JNJ	D	1.35%	0.33%	0.33%
LEN	D	0.91%	0.79%	0.79%
LMT	D	1.2%	0.16%	0.16%
MOH	F	0.65%	0.31%	0.31%
NUE	C	0.82%	0.85%	0.82%
NVR	D	0.94%	0.33%	0.33%
PCAR	B	1.03%	1.02%	1.02%
PHM	D	0.91%	0.79%	0.79%
RGA	A	0.83%	0.37%	0.37%
SNA	A	0.97%	0.63%	0.63%
STLD	B	0.81%	0.96%	0.81%
SWKS	F	0.43%	0.6%	0.43%
SYF	B	0.88%	1.14%	0.88%
T	A	0.41%	0.89%	0.41%
VLO	C	0.81%	0.91%	0.81%
VZ	C	0.47%	0.64%	0.47%
ZM	B	0.56%	0.42%	0.42%

FLRG Overweight 72 Positions Relative to FTA

Symbol	Grade	Weight
MSFT	F	6.44%
NVDA	C	6.08%
GOOGL	C	3.46%
META	D	2.47%
LLY	F	1.98%
AVGO	D	1.93%
VST	B	1.76%
V	A	1.66%
MA	C	1.64%
PG	A	1.43%
ABBV	D	1.29%
MCD	D	1.28%
PGR	A	1.25%
ADP	B	1.17%
BKNG	A	1.15%
NFG	A	1.12%
PSA	D	1.04%
PAYX	C	1.04%
ALSN	B	1.02%
ACGL	D	1.02%
PM	B	1.01%
MLI	C	1.0%
VRSK	A	1.0%
BCC	B	0.97%
ORLY	B	0.91%
AMGN	D	0.91%
IBM	C	0.9%
DTM	B	0.9%
JXN	C	0.89%
VICI	C	0.88%
OHI	C	0.87%
MTG	C	0.87%
AZO	C	0.87%
HRB	D	0.87%
ESNT	D	0.87%
WSM	B	0.86%
MO	A	0.82%
CL	D	0.82%
RDN	C	0.81%
QCOM	F	0.81%
REGN	F	0.8%
VRTX	F	0.79%
AMAT	F	0.77%
BRBR	A	0.77%
KMB	D	0.75%
UTHR	C	0.7%
NFLX	A	0.69%
ANET	C	0.68%
CRWD	B	0.67%
CHRD	D	0.67%
KLAC	D	0.65%
MSI	B	0.64%
FICO	B	0.63%
RPRX	D	0.63%
LRCX	F	0.63%
APH	A	0.61%
CDNS	B	0.6%
MCK	B	0.6%
NXPI	D	0.55%
DELL	C	0.54%
GDDY	A	0.53%
GEN	B	0.51%
DBX	B	0.5%
ACIW	B	0.5%
NTAP	C	0.49%
CRUS	D	0.47%
DOX	D	0.47%
CVLT	B	0.47%
DLB	B	0.45%
QLYS	C	0.42%
TMUS	B	0.31%
EA	A	0.17%

FLRG Underweight 157 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
GM	B	-1.13%
DAL	C	-1.12%
EOG	A	-0.97%
TROW	B	-0.97%
CVX	A	-0.96%
CINF	A	-0.96%
RS	B	-0.94%
COP	C	-0.94%
HPE	B	-0.92%
F	C	-0.92%
AIG	B	-0.91%
HAL	C	-0.91%
XOM	B	-0.9%
WFC	A	-0.9%
DVN	F	-0.88%
PSX	C	-0.87%
TOL	B	-0.87%
COF	B	-0.86%
OXY	D	-0.86%
KMI	A	-0.85%
MPC	D	-0.85%
HBAN	A	-0.84%
EQT	B	-0.82%
LNG	B	-0.82%
CFG	B	-0.8%
BG	F	-0.8%
OC	A	-0.78%
ETR	B	-0.78%
CVS	D	-0.77%
ADM	D	-0.77%
LYB	F	-0.76%
SRE	A	-0.76%
VTRS	A	-0.76%
C	A	-0.76%
INTC	D	-0.75%
FDX	B	-0.75%
L	A	-0.74%
XEL	A	-0.74%
FANG	D	-0.74%
SLB	C	-0.73%
ATO	A	-0.73%
CNP	B	-0.72%
AEE	A	-0.72%
KR	B	-0.72%
ZBH	C	-0.71%
ALLY	C	-0.71%
CB	C	-0.7%
APTV	D	-0.66%
EXC	C	-0.66%
ON	D	-0.65%
MS	A	-0.65%
DG	F	-0.64%
ED	D	-0.64%
CHTR	C	-0.62%
BKR	B	-0.61%
MTB	A	-0.61%
IP	B	-0.6%
DHI	D	-0.6%
BAC	A	-0.59%
RF	A	-0.58%
FITB	A	-0.57%
TDY	B	-0.56%
LUV	C	-0.56%
TRV	B	-0.56%
USB	A	-0.56%
STT	A	-0.55%
NI	A	-0.53%
DGX	A	-0.52%
PPL	B	-0.51%
TXT	D	-0.5%
D	C	-0.5%
LNT	A	-0.5%
AFL	B	-0.5%
EQR	B	-0.5%
ULTA	F	-0.5%
TGT	F	-0.5%
EBAY	D	-0.49%
HRL	D	-0.49%
DUK	C	-0.49%
SYY	B	-0.49%
DTE	C	-0.48%
CE	F	-0.48%
BLDR	D	-0.48%
DE	A	-0.48%
AEP	D	-0.47%
STX	D	-0.46%
RJF	A	-0.46%
KHC	F	-0.46%
BBY	D	-0.45%
BIIB	F	-0.44%
OKE	A	-0.42%
DOW	F	-0.42%
DIS	B	-0.4%
KEY	B	-0.4%
PNC	B	-0.39%
JBHT	C	-0.38%
TSN	B	-0.38%
CSCO	B	-0.38%
NWSA	B	-0.38%
PKG	A	-0.38%
KIM	A	-0.37%
HPQ	B	-0.36%
DRI	B	-0.36%
CSX	B	-0.36%
PRU	A	-0.36%
WEC	A	-0.35%
SSNC	B	-0.35%
CMS	C	-0.34%
FNF	B	-0.34%
DOC	D	-0.33%
CARR	D	-0.33%
PPG	F	-0.33%
HSY	F	-0.33%
EIX	B	-0.33%
ARE	D	-0.32%
FE	C	-0.32%
GIS	D	-0.31%
GPC	D	-0.31%
KDP	D	-0.31%
HUM	C	-0.31%
WLK	D	-0.3%
ELV	F	-0.27%
PYPL	B	-0.19%
CMI	A	-0.19%
ODFL	B	-0.19%
ACN	C	-0.18%
LHX	C	-0.18%
WRB	A	-0.18%
APD	A	-0.18%
LH	C	-0.18%
IEX	B	-0.18%
J	F	-0.18%
KEYS	A	-0.17%
GD	F	-0.17%
PEP	F	-0.17%
UPS	C	-0.17%
NDSN	B	-0.17%
CTVA	C	-0.17%
MAA	B	-0.17%
LOW	D	-0.17%
PFG	D	-0.17%
OMC	C	-0.17%
CLX	B	-0.17%
SBUX	A	-0.17%
CPB	D	-0.16%
WY	D	-0.16%
EXPD	D	-0.16%
DD	D	-0.16%
MAS	D	-0.16%
HOLX	D	-0.16%
MDT	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
MDLZ	F	-0.15%
AWK	D	-0.15%
CAG	D	-0.14%