FQAL vs. AFMC ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Active Factor Mid Cap ETF (AFMC)

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$64.45

Average Daily Volume

45,872

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$31.84

Average Daily Volume

16,300

Number of Holdings ^*

242

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	AFMC
30 Days	0.25%	2.32%
60 Days	2.95%	3.80%
90 Days	3.00%	7.75%
12 Months	26.03%	30.36%

14 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in AFMC	Overlap
CBSH	C	0.63%	0.49%	0.49%
EXP	B	0.15%	0.52%	0.15%
FICO	A	0.82%	0.56%	0.56%
GLPI	B	0.16%	0.83%	0.16%
JXN	B	0.63%	0.58%	0.58%
MEDP	D	0.66%	0.48%	0.48%
NFG	B	0.2%	0.61%	0.2%
NRG	C	0.24%	0.91%	0.24%
RGLD	B	0.15%	0.43%	0.15%
RS	D	0.15%	0.34%	0.15%
TPL	C	0.19%	0.36%	0.19%
UGI	C	0.19%	0.07%	0.07%
VST	C	0.25%	0.97%	0.25%
WSM	C	0.68%	0.81%	0.68%

FQAL Overweight 110 Positions Relative to AFMC

Symbol	Grade	Weight
AAPL	D	6.81%
MSFT	C	6.74%
NVDA	D	6.31%
GOOGL	D	3.44%
META	A	2.47%
LLY	C	2.24%
AVGO	C	2.07%
V	B	1.54%
JNJ	B	1.5%
MA	B	1.45%
HD	B	1.43%
ABBV	C	1.39%
ADBE	D	1.17%
MCD	C	1.15%
XOM	D	1.12%
ACN	C	1.08%
COST	C	1.06%
PG	C	1.04%
PGR	A	1.02%
SPGI	B	0.99%
LOW	B	0.99%
BKNG	B	0.98%
QCOM	D	0.98%
GILD	B	0.98%
VRTX	D	0.92%
ZTS	B	0.92%
BMY	C	0.91%
VEEV	C	0.9%
PANW	D	0.89%
BX	B	0.88%
AMAT	D	0.87%
CME	C	0.85%
NFLX	B	0.84%
IDXX	C	0.83%
ACGL	B	0.8%
MCO	A	0.8%
ORLY	B	0.8%
GRMN	D	0.79%
KO	B	0.79%
KLAC	D	0.79%
AZO	D	0.78%
LRCX	F	0.75%
YUM	D	0.75%
AMP	B	0.74%
MSCI	C	0.73%
CPAY	B	0.72%
MTD	D	0.71%
CAT	C	0.7%
ABNB	D	0.69%
DPZ	F	0.68%
KNSL	C	0.67%
UNP	B	0.67%
PM	C	0.63%
EWBC	C	0.62%
VZ	B	0.62%
ADP	B	0.62%
LMT	C	0.62%
CFR	C	0.61%
CVX	D	0.61%
LIN	B	0.57%
T	B	0.57%
QLYS	F	0.56%
CTAS	C	0.54%
TDG	B	0.54%
MMM	B	0.53%
NEE	B	0.53%
ITW	B	0.51%
CSX	D	0.49%
PAYX	C	0.48%
GWW	B	0.48%
FAST	C	0.47%
AME	C	0.47%
MDLZ	B	0.46%
VRSK	D	0.46%
CPRT	D	0.44%
OTIS	D	0.44%
CL	C	0.43%
MO	C	0.43%
ODFL	C	0.42%
COP	D	0.39%
SO	B	0.38%
TTD	B	0.38%
PLD	C	0.36%
AMT	C	0.34%
KMB	D	0.34%
CEG	C	0.32%
MNST	C	0.31%
SHW	B	0.31%
HSY	C	0.3%
EOG	D	0.29%
WMB	B	0.28%
PSA	B	0.26%
ECL	B	0.26%
WEC	B	0.26%
O	B	0.24%
FCX	D	0.24%
LNG	D	0.24%
SPG	B	0.23%
EXR	B	0.21%
AVB	B	0.2%
VICI	C	0.2%
EQR	B	0.19%
MLM	D	0.18%
SBAC	C	0.18%
NUE	F	0.18%
AM	B	0.18%
AVY	D	0.17%
ESS	B	0.17%
WHD	C	0.16%
CF	B	0.16%

FQAL Underweight 228 Positions Relative to AFMC

Symbol	Grade	Weight
UTHR	C	-1.62%
SFM	B	-1.55%
TOL	B	-1.5%
THC	B	-1.27%
KBH	B	-1.25%
MTG	B	-1.23%
ORI	A	-1.2%
EME	B	-1.06%
GDDY	C	-1.05%
ACT	A	-1.02%
AYI	B	-1.02%
ESNT	B	-1.01%
COKE	C	-0.99%
INGR	A	-0.95%
MLI	B	-0.94%
ALSN	B	-0.94%
RDN	B	-0.87%
ERIE	A	-0.87%
HIW	B	-0.86%
TMHC	B	-0.81%
CSL	C	-0.81%
IBOC	C	-0.81%
WPC	B	-0.8%
UNM	B	-0.79%
FIX	B	-0.78%
IDCC	B	-0.76%
LII	B	-0.74%
OC	C	-0.72%
CW	B	-0.71%
CACI	B	-0.71%
CNM	F	-0.68%
NXST	D	-0.67%
CRUS	D	-0.67%
TXRH	D	-0.66%
MUSA	C	-0.66%
OHI	A	-0.65%
PHM	B	-0.65%
CVLT	B	-0.65%
G	C	-0.64%
BLDR	C	-0.64%
NTAP	D	-0.63%
AMG	C	-0.62%
HRB	C	-0.62%
BERY	B	-0.62%
FHI	A	-0.62%
WBS	C	-0.61%
CHRD	F	-0.61%
SF	A	-0.6%
JBL	D	-0.59%
DINO	D	-0.58%
SNX	D	-0.58%
PRI	B	-0.57%
HALO	B	-0.57%
UHS	B	-0.57%
CUZ	B	-0.57%
MTH	B	-0.56%
NYT	C	-0.56%
CMC	D	-0.55%
FFIV	A	-0.54%
SBRA	B	-0.54%
ENS	C	-0.54%
BRBR	B	-0.53%
DBX	D	-0.52%
ONTO	F	-0.52%
PSN	B	-0.51%
TPR	C	-0.51%
DECK	C	-0.49%
ACIW	B	-0.49%
PPC	D	-0.49%
CHE	C	-0.48%
MAN	C	-0.48%
JLL	B	-0.47%
TGNA	C	-0.47%
SANM	D	-0.46%
PK	D	-0.46%
AGCO	D	-0.46%
GMED	D	-0.45%
CRS	B	-0.45%
KMT	B	-0.45%
PINC	C	-0.44%
NVST	D	-0.44%
WFRD	F	-0.44%
HNI	B	-0.44%
BCC	C	-0.44%
PVH	F	-0.42%
LAMR	A	-0.42%
MOH	C	-0.42%
NTCT	D	-0.42%
ARW	C	-0.41%
RPM	B	-0.41%
GEF	D	-0.4%
SNA	B	-0.4%
GHC	C	-0.4%
ANF	D	-0.39%
AIZ	B	-0.39%
TEX	D	-0.39%
AMR	F	-0.39%
ASO	C	-0.39%
JAZZ	D	-0.38%
DDS	D	-0.38%
BTU	D	-0.37%
EPR	B	-0.37%
SAIC	C	-0.37%
ADC	C	-0.37%
WSO	C	-0.36%
LNTH	C	-0.36%
DKS	D	-0.34%
TTEK	C	-0.33%
UFPI	C	-0.33%
PBF	F	-0.33%
GAP	F	-0.32%
NSA	B	-0.32%
BYD	C	-0.32%
APPF	D	-0.32%
EXEL	B	-0.32%
HWC	D	-0.31%
CTRE	B	-0.3%
HOG	C	-0.3%
STLD	D	-0.3%
FSS	D	-0.3%
INCY	C	-0.29%
MANH	B	-0.29%
COLB	B	-0.29%
CNA	C	-0.29%
SSB	B	-0.29%
AN	D	-0.28%
CRI	C	-0.28%
IBP	C	-0.28%
CHRW	B	-0.28%
AVT	D	-0.28%
CSWI	B	-0.28%
LEA	D	-0.27%
OLN	D	-0.27%
CR	C	-0.27%
WWD	D	-0.27%
ENSG	C	-0.27%
ATKR	F	-0.27%
FHN	D	-0.27%
EHC	B	-0.27%
MSM	D	-0.26%
BDC	B	-0.26%
NVT	D	-0.25%
LOPE	D	-0.25%
RL	B	-0.25%
HST	D	-0.24%
CROX	C	-0.24%
GPI	B	-0.24%
ZD	D	-0.24%
TDC	F	-0.24%
LPX	B	-0.23%
L	B	-0.23%
CATY	B	-0.23%
NBIX	F	-0.23%
JHG	B	-0.23%
NAVI	C	-0.22%
NEU	D	-0.22%
BWA	D	-0.22%
PSTG	F	-0.22%
PRGO	D	-0.21%
JWN	B	-0.21%
SJM	C	-0.21%
WCC	C	-0.21%
ESAB	C	-0.2%
CRVL	B	-0.2%
ADNT	F	-0.2%
DXC	C	-0.19%
HOMB	B	-0.19%
NUS	F	-0.19%
OZK	D	-0.19%
HPP	D	-0.19%
OPCH	C	-0.19%
AIT	C	-0.18%
CLF	F	-0.18%
APLE	D	-0.17%
SM	D	-0.17%
CNXC	D	-0.17%
VSH	D	-0.17%
AMN	F	-0.17%
ABG	F	-0.16%
M	F	-0.16%
NSIT	C	-0.15%
AEO	D	-0.15%
ZION	D	-0.15%
ATR	B	-0.15%
BLD	D	-0.15%
CASY	D	-0.14%
CAH	C	-0.13%
OGN	D	-0.12%
CUBE	B	-0.12%
TPH	C	-0.12%
CPT	B	-0.11%
BOX	B	-0.11%
AOS	C	-0.11%
APA	F	-0.1%
BPMC	D	-0.1%
ELF	F	-0.1%
DCI	D	-0.09%
ITT	C	-0.09%
WU	D	-0.09%
SKX	C	-0.09%
ASGN	D	-0.09%
EQH	C	-0.09%
HSIC	C	-0.09%
VNT	D	-0.09%
HAE	D	-0.08%
LECO	F	-0.08%
ITRI	C	-0.08%
OSCR	B	-0.08%
BRX	B	-0.08%
HLI	B	-0.08%
PDCO	F	-0.07%
TAP	C	-0.07%
DOCS	B	-0.06%
PBH	B	-0.06%
ZETA	B	-0.06%
DVA	B	-0.06%
MMSI	B	-0.06%
ACLS	F	-0.06%
AWI	B	-0.05%
CACC	D	-0.05%
SMAR	B	-0.05%
SPSC	D	-0.05%
LEVI	C	-0.04%
BMI	B	-0.04%
IART	F	-0.02%
NNN	B	-0.0%
VRNS	C	-0.0%
PI	B	-0.0%