FVAL vs. AUSF ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Global X Adaptive U.S. Factor ETF (AUSF)

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$60.19

Average Daily Volume

59,916

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.40

Average Daily Volume

35,105

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	AUSF
30 Days	1.37%	-0.19%
60 Days	6.20%	4.49%
90 Days	4.33%	7.77%
12 Months	30.06%	40.13%

50 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in AUSF	Overlap
AAPL	C	7.04%	0.11%	0.11%
ABBV	A	1.35%	0.18%	0.18%
ACI	F	0.34%	1.32%	0.34%
ADM	D	0.42%	0.45%	0.42%
ADP	A	0.62%	0.08%	0.08%
AGCO	C	0.41%	0.46%	0.41%
BG	F	0.37%	0.41%	0.37%
BRK.A	C	2.1%	1.52%	1.52%
C	B	0.71%	0.46%	0.46%
CI	D	0.93%	0.07%	0.07%
CIVI	F	0.14%	0.36%	0.14%
CMCSA	B	0.59%	0.52%	0.52%
CNC	F	0.74%	0.54%	0.54%
CVS	C	0.8%	0.48%	0.48%
CVX	B	0.63%	0.08%	0.08%
DAL	C	0.48%	0.55%	0.48%
DUK	A	0.36%	0.11%	0.11%
F	D	0.52%	0.37%	0.37%
GM	D	0.59%	0.47%	0.47%
HON	C	0.63%	0.07%	0.07%
HPE	B	0.75%	0.48%	0.48%
IBM	B	1.18%	2.32%	1.18%
INTC	D	0.69%	0.36%	0.36%
JNJ	D	1.46%	1.49%	1.46%
JXN	A	0.53%	0.52%	0.52%
KMB	B	0.44%	0.09%	0.09%
KR	C	0.42%	0.13%	0.13%
LIN	B	0.57%	1.48%	0.57%
LMT	A	0.62%	1.64%	0.62%
LYB	D	0.18%	0.48%	0.18%
M	D	0.4%	0.43%	0.4%
MCD	A	0.88%	1.23%	0.88%
MO	D	0.52%	0.59%	0.52%
MOS	D	0.14%	0.43%	0.14%
MRK	F	1.27%	1.25%	1.25%
OZK	F	0.48%	0.43%	0.43%
PCAR	D	0.49%	0.08%	0.08%
PG	C	1.13%	0.89%	0.89%
RPRX	B	0.69%	0.46%	0.46%
SYF	B	0.54%	0.47%	0.47%
T	A	0.61%	1.95%	0.61%
TRV	C	0.64%	0.12%	0.12%
UAL	B	0.5%	0.56%	0.5%
UGI	C	0.19%	0.49%	0.19%
UNH	B	1.7%	0.08%	0.08%
V	C	1.37%	1.38%	1.37%
VICI	C	0.22%	0.53%	0.22%
VZ	A	0.66%	2.07%	0.66%
WMT	A	1.03%	1.67%	1.03%
XOM	A	1.15%	0.09%	0.09%

FVAL Overweight 74 Positions Relative to AUSF

Symbol	Grade	Weight
MSFT	D	6.97%
NVDA	C	6.3%
AMZN	C	3.76%
GOOGL	B	3.62%
META	A	2.66%
JPM	D	1.64%
CRM	B	1.24%
HD	A	1.21%
ACN	B	1.13%
QCOM	D	1.12%
BAC	D	1.03%
GILD	A	0.95%
ELV	F	0.93%
BMY	B	0.89%
ZM	C	0.84%
WFC	D	0.84%
AXP	A	0.81%
MU	D	0.81%
CTSH	B	0.77%
CAT	A	0.77%
BKNG	C	0.73%
SWKS	F	0.68%
UNP	D	0.67%
DE	A	0.63%
COF	C	0.62%
DFS	C	0.57%
PRU	C	0.56%
UPS	C	0.56%
RNR	A	0.56%
EBAY	A	0.55%
EG	B	0.54%
MMM	C	0.54%
EXPE	B	0.54%
NEE	A	0.52%
FDX	D	0.51%
TGT	C	0.51%
KVUE	C	0.51%
LVS	B	0.5%
CMI	B	0.46%
WYNN	B	0.45%
G	A	0.44%
RHI	D	0.41%
COP	D	0.41%
OC	C	0.4%
PLD	D	0.37%
EOG	B	0.3%
AEP	C	0.29%
PCG	B	0.28%
PSA	C	0.28%
PARA	F	0.28%
MPC	D	0.27%
EXC	A	0.27%
ATKR	F	0.27%
SPG	A	0.26%
FCX	B	0.26%
NEM	C	0.26%
O	A	0.25%
NRG	A	0.24%
CBRE	A	0.23%
VLO	D	0.23%
NUE	C	0.2%
NFG	A	0.2%
DOW	B	0.2%
ARE	D	0.19%
BXP	C	0.19%
DVN	D	0.19%
GLPI	A	0.18%
CF	A	0.18%
JLL	B	0.18%
HST	D	0.18%
WPC	C	0.18%
STLD	B	0.16%
MUR	F	0.15%
CLF	D	0.12%

FVAL Underweight 139 Positions Relative to AUSF

Symbol	Grade	Weight
TMUS	A	-1.67%
RTX	A	-1.67%
JNPR	B	-1.53%
MMC	D	-1.5%
GD	A	-1.5%
RSG	D	-1.49%
AJG	D	-1.48%
ROP	C	-1.44%
CME	A	-1.38%
WM	B	-1.38%
DOX	B	-1.35%
CSCO	A	-1.35%
EA	D	-1.25%
KO	C	-1.24%
BSX	A	-1.18%
CBOE	A	-0.95%
BR	B	-0.83%
PEP	D	-0.74%
LBRDK	B	-0.64%
UNM	A	-0.61%
LAD	C	-0.6%
WMB	A	-0.6%
DTM	A	-0.6%
SIG	C	-0.59%
KMI	A	-0.59%
SOLV	C	-0.57%
OKE	B	-0.56%
HII	F	-0.55%
FMC	B	-0.55%
KRC	C	-0.55%
EMN	C	-0.55%
CHE	C	-0.55%
TPR	B	-0.55%
CMA	C	-0.55%
BBY	B	-0.54%
HOG	D	-0.54%
MDT	B	-0.54%
FOXA	A	-0.54%
COLB	C	-0.53%
CNH	B	-0.53%
CAG	D	-0.52%
ARW	C	-0.52%
AGNC	C	-0.51%
STWD	C	-0.51%
KEY	C	-0.5%
FITB	C	-0.5%
WHR	B	-0.5%
AM	A	-0.5%
KHC	D	-0.5%
IP	C	-0.5%
SON	D	-0.5%
USB	C	-0.49%
AVT	C	-0.49%
MTB	C	-0.49%
TAP	C	-0.49%
RF	C	-0.49%
PNC	C	-0.49%
UBSI	D	-0.48%
PB	D	-0.48%
SNX	C	-0.48%
HBAN	D	-0.47%
VTRS	D	-0.47%
PVH	F	-0.47%
CRBG	C	-0.47%
WBS	D	-0.47%
RDN	D	-0.47%
FNB	D	-0.46%
ABG	D	-0.46%
CE	C	-0.46%
GAP	F	-0.46%
HPQ	C	-0.46%
CFG	D	-0.46%
X	F	-0.46%
LNC	D	-0.46%
DINO	F	-0.45%
ONB	D	-0.45%
PRGO	F	-0.45%
FHN	D	-0.45%
CADE	D	-0.45%
AL	D	-0.45%
BEN	F	-0.44%
EMR	B	-0.44%
LEA	F	-0.44%
ZION	D	-0.43%
OMF	F	-0.42%
OGN	F	-0.42%
NOV	F	-0.42%
HP	D	-0.41%
ALLY	F	-0.4%
PTEN	F	-0.38%
WBA	F	-0.36%
MCK	F	-0.36%
AMGN	D	-0.3%
YUM	A	-0.27%
CACI	A	-0.2%
PGR	C	-0.2%
TW	A	-0.13%
CHD	C	-0.12%
AFL	A	-0.12%
COST	C	-0.12%
NOC	B	-0.11%
ORI	B	-0.11%
WRB	B	-0.11%
SO	A	-0.11%
LDOS	A	-0.11%
ICE	A	-0.1%
TJX	C	-0.1%
ED	A	-0.1%
GRMN	D	-0.1%
MSI	A	-0.1%
REGN	D	-0.09%
HIG	A	-0.09%
DGX	B	-0.09%
DRI	C	-0.09%
MA	A	-0.09%
FDS	C	-0.09%
MDLZ	C	-0.09%
ATR	A	-0.09%
PKG	C	-0.09%
VRTX	D	-0.09%
GDDY	D	-0.08%
CB	A	-0.08%
BDX	B	-0.08%
L	D	-0.08%
NEU	F	-0.08%
CAH	B	-0.08%
AKAM	C	-0.08%
VRSK	D	-0.08%
NSIT	B	-0.07%
HOLX	D	-0.07%
ECL	B	-0.07%
AME	D	-0.07%
DLB	C	-0.07%
SNA	A	-0.07%
VRSN	B	-0.07%
CASY	D	-0.07%
PNW	A	-0.07%
CL	D	-0.07%
PSX	D	-0.06%