FVAL vs. FLRG ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Fidelity U.S. Multifactor ETF (FLRG)

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

$60.28

Average Daily Volume

55,600

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$33.54

Average Daily Volume

19,132

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	FLRG
30 Days	0.48%	0.49%
60 Days	1.20%	3.47%
90 Days	3.50%	4.42%
12 Months	21.61%	26.70%

37 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in FLRG	Overlap
AAPL	D	6.96%	6.58%	6.58%
ABBV	C	1.38%	1.36%	1.36%
ACN	C	1.2%	0.6%	0.6%
ADP	B	0.63%	1.05%	0.63%
BKNG	B	0.73%	0.93%	0.73%
CF	B	0.17%	0.7%	0.17%
CMCSA	D	0.59%	0.49%	0.49%
CNC	C	0.75%	0.73%	0.73%
CTSH	C	0.8%	0.29%	0.29%
EG	B	0.54%	0.76%	0.54%
GILD	B	0.95%	0.8%	0.8%
GOOGL	D	3.57%	3.83%	3.57%
HD	B	1.2%	1.44%	1.2%
IBM	B	1.2%	0.57%	0.57%
JNJ	B	1.49%	1.43%	1.43%
KMB	D	0.46%	0.82%	0.46%
LMT	C	0.63%	1.24%	0.63%
MCD	C	0.9%	1.09%	0.9%
META	A	2.54%	2.39%	2.39%
MO	C	0.55%	0.96%	0.55%
MSFT	C	6.96%	6.2%	6.2%
NFG	B	0.2%	1.19%	0.2%
NUE	F	0.19%	0.64%	0.19%
NVDA	D	6.47%	5.59%	5.59%
PCAR	D	0.47%	0.82%	0.47%
PG	C	1.17%	1.47%	1.17%
PSA	B	0.29%	0.9%	0.29%
RPRX	C	0.7%	0.64%	0.64%
STLD	D	0.15%	0.75%	0.15%
SWKS	F	0.72%	0.26%	0.26%
SYF	C	0.51%	0.92%	0.51%
T	B	0.63%	0.5%	0.5%
V	B	1.4%	1.56%	1.4%
VICI	C	0.23%	0.81%	0.23%
VLO	D	0.22%	0.95%	0.22%
VZ	B	0.68%	0.54%	0.54%
ZM	C	0.86%	0.23%	0.23%

FVAL Overweight 87 Positions Relative to FLRG

Symbol	Grade	Weight
AMZN	C	3.76%
BRK.A	C	2.08%
UNH	C	1.78%
JPM	D	1.62%
MRK	D	1.28%
CRM	D	1.21%
XOM	D	1.12%
QCOM	D	1.1%
WMT	B	1.08%
BAC	D	0.99%
ELV	C	0.97%
CI	C	0.96%
BMY	C	0.9%
MU	F	0.84%
WFC	D	0.81%
CVS	D	0.81%
AXP	B	0.79%
CAT	C	0.73%
HPE	D	0.69%
UNP	B	0.68%
C	D	0.66%
INTC	F	0.65%
TRV	B	0.65%
HON	D	0.64%
CVX	D	0.62%
DE	B	0.62%
LIN	B	0.58%
RNR	B	0.57%
GM	B	0.57%
COF	C	0.57%
EBAY	B	0.56%
MMM	B	0.55%
UPS	D	0.55%
NEE	B	0.54%
PRU	C	0.54%
DFS	C	0.53%
KVUE	B	0.53%
F	D	0.52%
EXPE	C	0.52%
TGT	C	0.5%
JXN	B	0.49%
FDX	C	0.49%
UAL	B	0.48%
LVS	D	0.48%
DAL	C	0.47%
CMI	C	0.46%
OZK	D	0.46%
G	C	0.45%
WYNN	D	0.45%
KR	B	0.43%
ADM	D	0.41%
RHI	D	0.4%
M	F	0.4%
COP	D	0.39%
AGCO	D	0.39%
PLD	C	0.38%
DUK	C	0.37%
OC	C	0.37%
ACI	F	0.36%
BG	D	0.36%
AEP	B	0.3%
PARA	F	0.29%
EOG	D	0.29%
EXC	B	0.28%
PCG	C	0.28%
MPC	D	0.27%
NEM	B	0.27%
SPG	B	0.26%
ATKR	F	0.26%
O	B	0.26%
FCX	D	0.25%
NRG	C	0.24%
CBRE	A	0.22%
ARE	B	0.2%
DOW	D	0.2%
WPC	B	0.19%
BXP	B	0.19%
DVN	F	0.19%
UGI	C	0.19%
LYB	F	0.18%
HST	D	0.18%
GLPI	B	0.18%
JLL	B	0.17%
MUR	D	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 63 Positions Relative to FLRG

Symbol	Grade	Weight
LLY	C	-2.02%
VST	C	-1.63%
MA	B	-1.51%
AVGO	C	-1.51%
PM	C	-1.17%
AFL	B	-1.09%
ALSN	B	-1.08%
MLI	B	-1.07%
FCNCA	D	-1.04%
AMGN	B	-1.0%
UTHR	C	-0.98%
ACGL	B	-0.98%
OHI	A	-0.97%
AZO	D	-0.96%
VRTX	D	-0.96%
MTH	B	-0.95%
ORLY	B	-0.95%
MCK	F	-0.95%
PHM	B	-0.95%
RGA	B	-0.94%
LEN	B	-0.94%
LNG	D	-0.94%
TMHC	B	-0.93%
NVR	B	-0.93%
MTG	B	-0.93%
CL	C	-0.93%
REGN	C	-0.93%
VRSK	D	-0.92%
RDN	B	-0.91%
PAYX	C	-0.9%
CME	C	-0.88%
CBOE	C	-0.84%
ESNT	B	-0.84%
CHRD	F	-0.82%
CTRA	F	-0.81%
SNA	B	-0.78%
BCC	C	-0.74%
BLDR	C	-0.7%
MOH	C	-0.66%
ADBE	D	-0.66%
BRBR	B	-0.58%
CSCO	B	-0.58%
INTU	D	-0.57%
AMAT	D	-0.55%
NOW	A	-0.55%
KLAC	D	-0.45%
ANET	B	-0.43%
LRCX	F	-0.4%
FICO	A	-0.37%
SNPS	D	-0.36%
CDNS	D	-0.33%
DELL	D	-0.32%
EA	D	-0.3%
FOXA	B	-0.27%
FTNT	C	-0.26%
VRSN	D	-0.25%
MANH	B	-0.25%
NYT	C	-0.24%
DOX	C	-0.23%
DLB	D	-0.21%
AKAM	D	-0.2%
DBX	D	-0.17%
QLYS	F	-0.17%