FLRG vs. PKW ETF Comparison

Comparison of Fidelity U.S. Multifactor ETF (FLRG) to PowerShares Buyback Achievers (PKW)

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

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc. replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ Buyback Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$123.75

Average Daily Volume

17,079

Number of Holdings ^*

191

* may have additional holdings in another (foreign) market

Performance

Period	FLRG	PKW
30 Days	3.91%	7.20%
60 Days	5.11%	9.19%
90 Days	6.17%	12.10%
12 Months	32.36%	36.73%

20 Overlapping Holdings

Symbol	Grade	Weight in FLRG	Weight in PKW	Overlap
AZO	C	0.87%	1.77%	0.87%
BKNG	A	1.15%	5.49%	1.15%
CMCSA	B	0.41%	4.88%	0.41%
CNC	D	0.67%	1.01%	0.67%
FOXA	B	0.14%	0.33%	0.14%
GDDY	A	0.53%	0.85%	0.53%
HIG	B	0.95%	1.13%	0.95%
HRB	D	0.87%	0.27%	0.27%
JNJ	D	1.35%	4.53%	1.35%
LMT	D	1.2%	4.13%	1.2%
MCK	B	0.6%	2.61%	0.6%
MTG	C	0.87%	0.21%	0.21%
ORLY	B	0.91%	2.3%	0.91%
PHM	D	0.91%	0.87%	0.87%
STLD	B	0.81%	0.71%	0.71%
SYF	B	0.88%	0.83%	0.83%
TMUS	B	0.31%	5.44%	0.31%
VLO	C	0.81%	1.51%	0.81%
VRSK	A	1.0%	1.3%	1.0%
VST	B	1.76%	1.64%	1.64%

FLRG Overweight 81 Positions Relative to PKW

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%
V	A	1.66%
MA	C	1.64%
HD	A	1.62%
PG	A	1.43%
ABBV	D	1.29%
MCD	D	1.28%
PGR	A	1.25%
ADP	B	1.17%
NFG	A	1.12%
PSA	D	1.04%
PAYX	C	1.04%
PCAR	B	1.03%
ALSN	B	1.02%
ACGL	D	1.02%
PM	B	1.01%
MLI	C	1.0%
BCC	B	0.97%
SNA	A	0.97%
NVR	D	0.94%
CF	B	0.91%
LEN	D	0.91%
AMGN	D	0.91%
IBM	C	0.9%
DTM	B	0.9%
EG	C	0.9%
JXN	C	0.89%
CRBG	B	0.88%
VICI	C	0.88%
OHI	C	0.87%
ESNT	D	0.87%
WSM	B	0.86%
CI	F	0.83%
RGA	A	0.83%
CTRA	B	0.83%
NUE	C	0.82%
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%
MOH	F	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%
ZM	B	0.56%
NXPI	D	0.55%
DELL	C	0.54%
CTSH	B	0.52%
GEN	B	0.51%
DBX	B	0.5%
AKAM	D	0.5%
ACIW	B	0.5%
NTAP	C	0.49%
CRUS	D	0.47%
VZ	C	0.47%
DOX	D	0.47%
CVLT	B	0.47%
DLB	B	0.45%
SWKS	F	0.43%
QLYS	C	0.42%
T	A	0.41%
EA	A	0.17%

FLRG Underweight 171 Positions Relative to PKW

Symbol	Grade	Weight
FI	A	-4.0%
DE	A	-3.61%
APP	B	-2.89%
PYPL	B	-2.83%
HCA	F	-2.83%
MAR	B	-2.59%
CSX	B	-2.21%
AFL	B	-2.05%
HLT	A	-2.0%
MET	A	-1.91%
PSX	C	-1.79%
MPC	D	-1.75%
AIG	B	-1.6%
DFS	B	-1.42%
DD	D	-1.12%
CAH	B	-0.95%
STT	A	-0.94%
EXPE	B	-0.73%
BLDR	D	-0.68%
CFG	B	-0.68%
CSL	C	-0.66%
L	A	-0.6%
EXPD	D	-0.55%
TXT	D	-0.51%
JEF	A	-0.5%
TOL	B	-0.5%
EQH	B	-0.49%
THC	D	-0.48%
MGM	D	-0.37%
MUSA	A	-0.35%
PAG	B	-0.35%
WMS	D	-0.34%
CACI	D	-0.33%
EXP	A	-0.33%
PRI	A	-0.33%
ORI	A	-0.32%
CNM	D	-0.28%
DINO	D	-0.27%
WH	B	-0.25%
BERY	B	-0.25%
BRKR	D	-0.24%
R	B	-0.23%
BYD	C	-0.22%
MTN	C	-0.22%
WSC	D	-0.22%
CHH	A	-0.22%
AN	C	-0.21%
ARW	D	-0.2%
COOP	B	-0.2%
KBH	D	-0.19%
RH	B	-0.19%
CNX	A	-0.19%
GPI	A	-0.18%
VVV	F	-0.18%
AMG	B	-0.18%
PVH	C	-0.18%
SM	B	-0.17%
ABG	B	-0.17%
CRC	B	-0.17%
MATX	C	-0.17%
NXST	C	-0.17%
SLM	A	-0.17%
DDS	B	-0.17%
BC	C	-0.17%
OLN	D	-0.16%
NSIT	F	-0.16%
EEFT	B	-0.15%
IDCC	A	-0.15%
HGV	B	-0.14%
GOLF	B	-0.14%
TNET	D	-0.14%
SKYW	B	-0.14%
ASGN	F	-0.13%
CVCO	A	-0.13%
DXC	B	-0.12%
CAR	C	-0.12%
GFF	A	-0.12%
WU	D	-0.12%
CEIX	A	-0.12%
TNL	A	-0.12%
ASH	D	-0.12%
ASO	F	-0.11%
ATGE	B	-0.11%
NSA	D	-0.11%
HP	B	-0.11%
BTU	B	-0.11%
DOCN	D	-0.11%
HUN	F	-0.11%
FBP	B	-0.11%
SLVM	B	-0.11%
TGNA	B	-0.1%
LBRT	D	-0.1%
PK	B	-0.1%
DEI	B	-0.1%
CARG	C	-0.1%
BHF	B	-0.1%
VIRT	B	-0.1%
ATKR	C	-0.1%
AMR	C	-0.1%
VAC	B	-0.1%
GNW	A	-0.1%
ENVA	B	-0.09%
SPB	C	-0.08%
SEB	F	-0.08%
PRG	C	-0.07%
GBX	A	-0.07%
HURN	B	-0.07%
IART	C	-0.06%
AZTA	D	-0.06%
CASH	A	-0.06%
SAH	A	-0.05%
PLAY	D	-0.05%
ATSG	B	-0.05%
PEB	D	-0.05%
XHR	B	-0.05%
PZZA	D	-0.05%
CSGS	B	-0.05%
NAVI	C	-0.05%
DXPE	B	-0.04%
INVA	D	-0.04%
DK	C	-0.04%
HTZ	C	-0.04%
CNNE	B	-0.04%
JBGS	D	-0.04%
EIG	B	-0.04%
SNCY	C	-0.03%
LQDT	B	-0.03%
CGEM	F	-0.03%
RYI	C	-0.03%
STGW	B	-0.03%
HCKT	B	-0.03%
PRA	C	-0.03%
EGBN	B	-0.03%
ODP	F	-0.03%
JACK	D	-0.03%
ECVT	C	-0.03%
AMN	F	-0.03%
LILAK	D	-0.03%
XRX	F	-0.03%
SBSI	B	-0.03%
TBPH	C	-0.02%
ANAB	F	-0.02%
NFBK	B	-0.02%
HONE	B	-0.02%
FPI	B	-0.02%
LXU	B	-0.02%
OPY	B	-0.02%
NR	B	-0.02%
IMXI	B	-0.02%
SCHL	D	-0.02%
ZIP	F	-0.02%
LPRO	C	-0.02%
CHGG	D	-0.01%
SKIN	D	-0.01%
DBI	F	-0.01%
ZYXI	D	-0.01%
ONTF	C	-0.01%
TASK	C	-0.01%
WSBF	C	-0.01%
RLGT	A	-0.01%
DENN	D	-0.01%
MBI	B	-0.01%
GCO	B	-0.01%
CCRN	F	-0.01%
LWAY	D	-0.01%
LOCO	D	-0.01%
SENEA	B	-0.01%
LSEA	D	-0.01%
NECB	B	-0.01%
KELYA	F	-0.01%
MX	F	-0.0%