FVAL vs. DSTL ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Distillate U.S. Fundamental Stability & Value ETF (DSTL)

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

$60.77

Average Daily Volume

60,509

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$56.56

Average Daily Volume

86,889

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	DSTL
30 Days	4.67%	2.46%
60 Days	10.40%	8.62%
90 Days	4.82%	11.49%
12 Months	30.90%	29.18%

21 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in DSTL	Overlap
ABBV	C	1.35%	2.61%	1.35%
ADP	A	0.6%	1.3%	0.6%
BKNG	B	0.77%	1.33%	0.77%
CI	D	0.9%	1.57%	0.9%
CMCSA	B	0.61%	1.88%	0.61%
CMI	A	0.48%	0.87%	0.48%
CRM	B	1.28%	1.71%	1.28%
CTSH	B	0.78%	0.85%	0.78%
ELV	F	0.9%	1.41%	0.9%
FDX	F	0.45%	1.1%	0.45%
HON	C	0.64%	1.22%	0.64%
JNJ	D	1.42%	2.66%	1.42%
KR	C	0.43%	0.89%	0.43%
LMT	A	0.63%	1.26%	0.63%
MO	D	0.52%	1.43%	0.52%
OC	C	0.38%	0.78%	0.38%
PCAR	D	0.48%	1.04%	0.48%
QCOM	D	1.09%	1.58%	1.09%
SWKS	F	0.68%	0.75%	0.68%
UNH	B	1.71%	3.29%	1.71%
ZM	B	0.87%	0.7%	0.7%

FVAL Overweight 103 Positions Relative to DSTL

Symbol	Grade	Weight
AAPL	C	6.97%
MSFT	D	6.76%
NVDA	B	6.45%
AMZN	C	3.71%
GOOGL	B	3.64%
META	A	2.69%
BRK.A	B	2.08%
JPM	C	1.63%
V	B	1.31%
MRK	F	1.23%
HD	A	1.23%
IBM	A	1.21%
ACN	B	1.17%
PG	D	1.14%
XOM	A	1.14%
WMT	A	1.04%
BAC	B	0.98%
MU	D	0.97%
GILD	A	0.94%
BMY	A	0.91%
MCD	A	0.9%
WFC	B	0.84%
CVS	D	0.84%
AXP	A	0.81%
CAT	A	0.8%
HPE	B	0.79%
INTC	D	0.77%
CNC	F	0.73%
C	B	0.69%
RPRX	D	0.69%
VZ	C	0.67%
UNP	F	0.66%
DE	C	0.64%
TRV	B	0.63%
T	B	0.62%
CVX	B	0.62%
LVS	B	0.61%
COF	A	0.6%
LIN	C	0.58%
RNR	A	0.58%
UPS	D	0.57%
GM	D	0.56%
EXPE	B	0.56%
UAL	A	0.55%
MMM	C	0.55%
WYNN	B	0.55%
EBAY	A	0.55%
PRU	B	0.55%
DFS	A	0.55%
EG	A	0.54%
DAL	C	0.53%
NEE	C	0.53%
KVUE	C	0.52%
JXN	A	0.52%
SYF	A	0.52%
F	D	0.51%
TGT	C	0.5%
KMB	D	0.45%
OZK	D	0.45%
G	A	0.44%
AGCO	D	0.41%
RHI	D	0.41%
M	D	0.4%
ADM	F	0.4%
COP	D	0.39%
BG	F	0.36%
DUK	C	0.36%
PLD	D	0.36%
ACI	F	0.34%
FCX	B	0.3%
AEP	C	0.29%
PARA	F	0.29%
EOG	B	0.29%
PSA	C	0.28%
PCG	C	0.28%
NRG	A	0.27%
EXC	C	0.27%
O	C	0.26%
MPC	D	0.26%
SPG	A	0.26%
NEM	C	0.26%
ATKR	F	0.25%
CBRE	C	0.23%
VICI	C	0.22%
VLO	F	0.22%
DOW	B	0.21%
NUE	D	0.2%
NFG	A	0.2%
BXP	B	0.19%
ARE	D	0.19%
UGI	C	0.19%
LYB	B	0.18%
JLL	C	0.18%
HST	D	0.18%
CF	A	0.18%
WPC	C	0.18%
DVN	F	0.18%
STLD	C	0.17%
GLPI	C	0.17%
MOS	F	0.14%
MUR	F	0.14%
CLF	D	0.13%
CIVI	F	0.13%

FVAL Underweight 75 Positions Relative to DSTL

Symbol	Grade	Weight
TMUS	A	-2.22%
CSCO	A	-1.99%
AMGN	D	-1.77%
ABT	C	-1.44%
LOW	C	-1.36%
AMAT	C	-1.33%
MCK	F	-1.15%
EPD	A	-1.13%
PYPL	A	-1.1%
MPLX	B	-1.08%
GD	C	-1.04%
FANG	D	-1.03%
CME	A	-1.01%
PAYX	B	-0.97%
ABNB	D	-0.96%
AJG	C	-0.93%
LEN	C	-0.93%
GIS	C	-0.88%
SYY	D	-0.88%
PHM	C	-0.86%
FIS	A	-0.86%
OMC	C	-0.83%
HSY	D	-0.83%
ON	F	-0.83%
EA	D	-0.82%
SW	C	-0.82%
TOL	C	-0.8%
JBL	C	-0.8%
AME	C	-0.8%
NVR	C	-0.8%
WAB	A	-0.8%
NTAP	D	-0.79%
CPAY	A	-0.79%
BR	B	-0.78%
SSNC	C	-0.77%
TDY	A	-0.77%
ICLR	F	-0.77%
PR	D	-0.77%
GDDY	B	-0.76%
DGX	D	-0.76%
WSM	C	-0.76%
TXT	F	-0.76%
GPC	D	-0.75%
MAS	C	-0.75%
HRL	F	-0.75%
CBOE	B	-0.75%
VRSN	C	-0.75%
JAZZ	F	-0.75%
PKG	B	-0.74%
DOX	B	-0.74%
USFD	C	-0.74%
AOS	C	-0.74%
FIX	A	-0.74%
AVY	D	-0.73%
WMS	D	-0.73%
DBX	C	-0.73%
HII	F	-0.73%
ALLE	A	-0.73%
BLD	D	-0.73%
DRI	C	-0.72%
LECO	D	-0.72%
GGG	C	-0.72%
EMN	C	-0.72%
LKQ	F	-0.72%
ULTA	D	-0.71%
QRVO	F	-0.71%
FFIV	B	-0.71%
WEX	C	-0.71%
CROX	C	-0.71%
TPX	C	-0.71%
EPAM	F	-0.7%
DKS	D	-0.7%
UHS	D	-0.7%
GMED	B	-0.69%
MEDP	F	-0.67%