FVAL vs. EVUS ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to iShares ESG Aware MSCI USA Value ETF (EVUS)

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

$63.29

Average Daily Volume

72,486

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

EVUS

iShares ESG Aware MSCI USA Value ETF

EVUS Description

EVUS tracks an index of large- and mid-cap US value stocks perceived to have positive ESG characteristics. The parent index, MSCI USA Value Index, identifies value stocks through book value-to-price ratio, 12-month forward earnings-to-price ratio, and dividend yield. Securities are then screened to exclude companies involved in controversial businesses and issues (e.g., weapons, tobacco, climate change issues). All selected securities are assigned an ESG score that evaluates a companys exposure to key ESG issues based on the companys business segment and geographic risk, as well as their strategies and programs to manage these risks and opportunities. Using a sector-specific weighting model, companies are rated and ranked against industry peers. The quantitative process leans toward higher-rated stocks while also considering market-cap and constraints based on the parent index. The fund may engage in securities lending. The index is reviewed and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$30.41

Average Daily Volume

2,154

Number of Holdings ^*

234

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	EVUS
30 Days	2.17%	0.10%
60 Days	7.46%	4.23%
90 Days	9.10%	8.34%
12 Months	30.00%	32.42%

64 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in EVUS	Overlap
ABBV	D	1.32%	1.08%	1.08%
ACN	C	1.14%	0.56%	0.56%
ADM	F	0.33%	0.1%	0.1%
ADP	A	0.64%	1.25%	0.64%
AXP	B	0.82%	0.89%	0.82%
BAC	A	1.08%	1.27%	1.08%
BG	D	0.3%	0.3%	0.3%
BMY	B	0.93%	0.38%	0.38%
BRK.A	B	2.01%	1.16%	1.16%
BXP	D	0.18%	0.12%	0.12%
C	A	0.73%	0.68%	0.68%
CAT	C	0.77%	0.76%	0.76%
CBRE	A	0.24%	0.35%	0.24%
CI	D	0.79%	0.56%	0.56%
CMCSA	B	0.61%	0.41%	0.41%
CMI	A	0.5%	0.76%	0.5%
CNC	F	0.56%	0.18%	0.18%
COF	B	0.71%	0.18%	0.18%
COP	C	0.39%	0.8%	0.39%
CVS	F	0.73%	0.09%	0.09%
CVX	B	0.64%	1.22%	0.64%
DAL	A	0.6%	0.28%	0.28%
DE	D	0.58%	0.42%	0.42%
DFS	B	0.66%	0.45%	0.45%
DOW	F	0.17%	0.11%	0.11%
ELV	F	0.69%	0.69%	0.69%
EXC	C	0.24%	0.34%	0.24%
FDX	B	0.46%	0.22%	0.22%
GILD	C	1.04%	1.04%	1.04%
HD	B	1.19%	2.04%	1.19%
HON	B	0.64%	0.82%	0.64%
HPE	B	0.83%	0.35%	0.35%
IBM	C	1.11%	1.17%	1.11%
INTC	C	0.81%	0.61%	0.61%
JNJ	D	1.3%	1.43%	1.3%
JPM	B	1.75%	2.7%	1.75%
KMB	F	0.4%	0.35%	0.35%
KR	A	0.43%	0.42%	0.42%
LIN	D	0.53%	0.5%	0.5%
LYB	F	0.15%	0.08%	0.08%
MCD	C	0.85%	0.64%	0.64%
MMM	C	0.51%	0.62%	0.51%
MRK	F	1.06%	0.54%	0.54%
MU	D	0.97%	0.46%	0.46%
NEE	D	0.46%	0.81%	0.46%
NEM	F	0.21%	0.29%	0.21%
NUE	C	0.2%	0.27%	0.2%
OC	A	0.4%	0.2%	0.2%
PG	C	1.05%	1.45%	1.05%
PLD	D	0.32%	0.3%	0.3%
PRU	B	0.53%	0.98%	0.53%
PSA	C	0.25%	0.11%	0.11%
QCOM	F	1.05%	0.65%	0.65%
STLD	B	0.19%	0.12%	0.12%
SYF	B	0.64%	0.47%	0.47%
T	A	0.6%	0.37%	0.37%
TGT	C	0.46%	0.41%	0.41%
TRV	B	0.66%	0.45%	0.45%
UNH	B	1.72%	2.15%	1.72%
UPS	C	0.54%	0.32%	0.32%
VLO	D	0.21%	0.22%	0.21%
VZ	C	0.58%	0.75%	0.58%
WFC	A	1.0%	0.26%	0.26%
XOM	B	1.14%	1.54%	1.14%

FVAL Overweight 60 Positions Relative to EVUS

Symbol	Grade	Weight
NVDA	B	7.49%
AAPL	C	6.63%
MSFT	C	6.37%
AMZN	A	3.92%
GOOGL	B	3.78%
META	B	2.66%
CRM	B	1.42%
V	A	1.4%
WMT	A	1.06%
ZM	B	0.97%
BKNG	A	0.85%
UAL	B	0.79%
CTSH	A	0.78%
EXPE	B	0.65%
GM	A	0.64%
UNP	C	0.62%
RPRX	F	0.61%
JXN	B	0.59%
SWKS	F	0.58%
LMT	C	0.58%
LVS	C	0.57%
RNR	D	0.55%
MO	A	0.53%
PCAR	B	0.53%
EBAY	C	0.51%
F	C	0.5%
KVUE	B	0.5%
G	B	0.49%
OZK	B	0.48%
EG	D	0.48%
WYNN	F	0.45%
RHI	B	0.44%
M	D	0.39%
AGCO	F	0.37%
DUK	D	0.34%
ACI	C	0.34%
EOG	A	0.31%
PCG	A	0.28%
PARA	C	0.28%
NRG	B	0.27%
ATKR	D	0.27%
FCX	F	0.26%
AEP	D	0.26%
SPG	B	0.26%
O	D	0.23%
MPC	D	0.23%
VICI	D	0.2%
NFG	C	0.19%
DVN	F	0.18%
UGI	D	0.18%
ARE	F	0.17%
CF	B	0.17%
HST	C	0.17%
JLL	C	0.17%
WPC	F	0.16%
GLPI	D	0.16%
MUR	F	0.14%
MOS	D	0.14%
CIVI	F	0.13%
CLF	D	0.12%

FVAL Underweight 170 Positions Relative to EVUS

Symbol	Grade	Weight
AVGO	C	-3.17%
KO	F	-1.68%
TXN	C	-1.59%
ORCL	A	-1.29%
MS	A	-1.03%
CSCO	A	-1.01%
PEG	C	-0.9%
K	A	-0.89%
PEP	D	-0.88%
AMGN	F	-0.84%
GS	B	-0.84%
RTX	C	-0.8%
KMI	B	-0.77%
LOW	B	-0.76%
DIS	B	-0.76%
CRH	B	-0.75%
DHR	F	-0.73%
BR	A	-0.72%
OKE	A	-0.72%
BK	B	-0.72%
ECL	C	-0.65%
NI	A	-0.64%
SPGI	C	-0.64%
PNR	A	-0.62%
GIS	F	-0.61%
CCI	F	-0.6%
EQIX	B	-0.6%
PNC	B	-0.6%
PFE	F	-0.58%
AMT	F	-0.58%
NXPI	F	-0.54%
MET	C	-0.51%
EXPD	D	-0.51%
COR	A	-0.5%
HIG	C	-0.47%
WELL	B	-0.46%
DLR	C	-0.45%
NOC	C	-0.43%
FERG	B	-0.43%
CLX	A	-0.42%
ZTS	D	-0.42%
XYL	D	-0.41%
CARR	C	-0.4%
LKQ	D	-0.39%
PGR	A	-0.39%
CHRW	A	-0.39%
OVV	C	-0.38%
JCI	A	-0.38%
EA	A	-0.38%
KEYS	C	-0.37%
CMS	C	-0.37%
SCHW	A	-0.36%
SBUX	B	-0.36%
NDAQ	A	-0.36%
FI	A	-0.36%
IRM	D	-0.35%
ANSS	B	-0.35%
FLUT	A	-0.34%
PPG	F	-0.34%
CAH	A	-0.32%
TAP	B	-0.32%
BKR	B	-0.31%
HCA	D	-0.31%
PSX	D	-0.31%
COO	D	-0.31%
BLK	B	-0.31%
STE	F	-0.3%
ETN	A	-0.29%
URI	B	-0.29%
DGX	A	-0.29%
D	D	-0.28%
USB	A	-0.28%
SLB	C	-0.28%
HBAN	B	-0.28%
KHC	F	-0.28%
ADI	F	-0.28%
BBY	D	-0.28%
EIX	C	-0.27%
CHD	B	-0.27%
WY	F	-0.26%
FTV	D	-0.26%
MMC	C	-0.25%
ED	D	-0.25%
FIS	B	-0.25%
REGN	F	-0.24%
TSCO	C	-0.24%
ABT	C	-0.24%
FBIN	F	-0.24%
TFC	B	-0.23%
J	B	-0.23%
GEV	B	-0.23%
CNH	D	-0.23%
PYPL	A	-0.23%
ZBH	C	-0.22%
AFL	C	-0.22%
LH	A	-0.22%
ES	D	-0.22%
WTRG	C	-0.21%
KDP	D	-0.21%
TRMB	B	-0.2%
A	F	-0.2%
AIZ	A	-0.19%
FDS	A	-0.19%
MRO	B	-0.18%
STT	B	-0.18%
ACGL	D	-0.17%
DHI	F	-0.17%
TJX	B	-0.17%
JBHT	B	-0.17%
IEX	B	-0.17%
WMB	B	-0.16%
NTRS	A	-0.16%
ALLE	D	-0.16%
IP	C	-0.16%
HPQ	B	-0.16%
EQT	B	-0.15%
HUBB	B	-0.15%
TFX	F	-0.15%
HOLX	D	-0.14%
TWLO	A	-0.14%
WTW	A	-0.14%
MKC	D	-0.14%
IR	A	-0.14%
ROK	B	-0.13%
CPB	F	-0.13%
PAYX	B	-0.13%
LDOS	B	-0.13%
HII	D	-0.13%
CB	C	-0.13%
PHM	D	-0.13%
WDC	D	-0.12%
HRL	F	-0.12%
AKAM	F	-0.12%
PFG	C	-0.12%
JNPR	D	-0.12%
IFF	F	-0.12%
FOX	A	-0.12%
FSLR	F	-0.11%
RMD	C	-0.11%
APD	B	-0.11%
AZPN	A	-0.11%
GEN	A	-0.11%
BIIB	F	-0.11%
MKTX	C	-0.11%
TMO	F	-0.11%
SOLV	D	-0.11%
FANG	D	-0.11%
GEHC	F	-0.1%
AVTR	F	-0.1%
BALL	D	-0.1%
CCK	D	-0.1%
NTAP	D	-0.1%
ULTA	C	-0.1%
DD	D	-0.1%
CBOE	D	-0.1%
HUM	D	-0.1%
ICE	D	-0.1%
ITW	A	-0.1%
DOV	A	-0.1%
MDLZ	F	-0.09%
KMX	C	-0.09%
TTC	F	-0.09%
STZ	D	-0.09%
CAG	F	-0.09%
IPG	F	-0.09%
AVY	F	-0.09%
SYY	B	-0.09%
NKE	F	-0.08%
DG	F	-0.06%
DLTR	F	-0.06%