FLV vs. FFLC ETF Comparison

Comparison of American Century Focused Large Cap Value ETF (FLV) to Fidelity Fundamental Large Cap Core ETF (FFLC)

FLV

American Century Focused Large Cap Value ETF

FLV Description

The investment seeks long-term capital growth. Under normal market conditions, the portfolio managers will invest at least 80% of the fund's assets in securities of large capitalization companies. The portfolio managers may sell stocks from the fund's portfolio if they believe a stock no longer meets their valuation criteria, a stock's risk parameters outweigh its return opportunity, more attractive alternatives are identified or specific events alter a stock's prospects.

Grade (RS Rating)

Last Trade

$70.12

Average Daily Volume

6,118

Number of Holdings ^*

* 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

$46.35

Average Daily Volume

90,421

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLV	FFLC
30 Days	-0.61%	-0.56%
60 Days	0.84%	4.07%
90 Days	4.46%	5.27%
12 Months	21.09%	36.12%

6 Overlapping Holdings

Symbol	Grade	Weight in FLV	Weight in FFLC	Overlap
AMT	D	2.01%	0.43%	0.43%
CSCO	B	2.19%	1.1%	1.1%
KVUE	A	1.86%	1.04%	1.04%
UNH	B	2.28%	1.72%	1.72%
UPS	C	3.57%	0.78%	0.78%
XOM	B	2.85%	2.88%	2.85%

FLV Overweight 32 Positions Relative to FFLC

Symbol	Grade	Weight
JNJ	D	7.21%
UL	D	4.05%
MDT	D	3.91%
DUK	C	3.81%
ZBH	C	3.78%
NSC	B	3.55%
JPM	A	3.04%
ADI	D	3.03%
TFC	A	3.01%
OKE	A	2.9%
BRK.A	A	2.54%
ATO	A	2.47%
GIS	D	2.27%
HSIC	D	2.14%
BDX	F	2.07%
SCHW	A	2.03%
BK	A	1.98%
RGA	A	1.92%
ALL	A	1.85%
BUD	F	1.85%
VZ	C	1.83%
MDLZ	F	1.83%
CAG	F	1.81%
FFIV	B	1.74%
KMB	C	1.7%
GPK	D	1.55%
ROK	A	1.51%
SNY	D	1.5%
RTX	D	1.49%
MMC	C	1.25%
DGX	A	1.03%
TTE	F	0.94%

FLV Underweight 81 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	D	-6.98%
NVDA	B	-5.71%
META	C	-4.7%
AAPL	C	-4.26%
GOOGL	B	-3.2%
AMZN	B	-2.89%
BAC	A	-2.18%
AVGO	C	-1.98%
LLY	F	-1.85%
WFC	A	-1.82%
SO	C	-1.72%
CMCSA	B	-1.69%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
V	A	-1.31%
EIX	C	-1.31%
CI	D	-1.23%
TMO	D	-1.18%
SAP	C	-1.15%
LOW	A	-1.06%
CEG	D	-1.06%
ETN	A	-1.02%
PNC	A	-1.01%
KDP	D	-1.0%
INTU	A	-1.0%
ORCL	A	-0.97%
TSM	B	-0.97%
KO	D	-0.94%
USB	B	-0.94%
URI	B	-0.92%
BMY	B	-0.92%
GEV	A	-0.87%
TRV	A	-0.87%
MA	A	-0.85%
APH	B	-0.85%
MOD	C	-0.84%
ALSN	B	-0.83%
RPRX	F	-0.76%
REGN	F	-0.75%
CB	C	-0.73%
BA	F	-0.72%
VRT	A	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
COST	B	-0.63%
ABBV	F	-0.61%
UBER	C	-0.61%
CCI	D	-0.61%
APO	A	-0.61%
KNX	B	-0.59%
FDX	A	-0.58%
WSO	A	-0.56%
NVO	F	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
DEO	F	-0.43%
MAR	A	-0.42%
AJG	A	-0.41%
WSM	F	-0.4%
GD	D	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	F	-0.29%
GILD	B	-0.27%
NOC	D	-0.25%
TMUS	A	-0.2%
LIN	D	-0.2%
MELI	D	-0.2%
DKS	D	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
SPG	A	-0.18%
IP	A	-0.18%
KBR	D	-0.17%
LNG	A	-0.03%
MRVL	B	-0.02%