FVAL vs. GLOF ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to iShares Global Equity Factor ETF (GLOF)

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

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.65

Average Daily Volume

4,366

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	GLOF
30 Days	3.33%	1.47%
60 Days	5.59%	1.03%
90 Days	6.82%	1.65%
12 Months	28.35%	25.88%

59 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in GLOF	Overlap
AAPL	C	6.68%	4.28%	4.28%
ABBV	D	1.11%	0.62%	0.62%
ACN	C	1.15%	0.29%	0.29%
AMZN	C	3.88%	2.18%	2.18%
AXP	A	0.83%	0.21%	0.21%
BAC	A	1.13%	0.22%	0.22%
BKNG	A	0.87%	0.77%	0.77%
BMY	B	0.98%	0.36%	0.36%
BRK.A	B	2.07%	0.19%	0.19%
CAT	B	0.77%	0.04%	0.04%
CF	B	0.18%	0.07%	0.07%
COF	B	0.72%	0.35%	0.35%
COP	C	0.4%	0.13%	0.13%
CVS	D	0.71%	0.1%	0.1%
CVX	A	0.67%	0.06%	0.06%
DE	A	0.59%	0.08%	0.08%
DFS	B	0.68%	0.19%	0.19%
DOW	F	0.16%	0.08%	0.08%
EBAY	D	0.51%	0.31%	0.31%
EG	C	0.5%	0.1%	0.1%
ELV	F	0.67%	0.3%	0.3%
GILD	C	0.97%	0.27%	0.27%
GM	B	0.67%	0.08%	0.08%
HD	A	1.22%	0.7%	0.7%
HPE	B	0.81%	0.32%	0.32%
IBM	C	1.09%	0.08%	0.08%
JNJ	D	1.31%	0.6%	0.6%
JPM	A	1.84%	0.94%	0.94%
KR	B	0.43%	0.42%	0.42%
LIN	D	0.53%	0.18%	0.18%
LYB	F	0.15%	0.18%	0.15%
MCD	D	0.84%	0.53%	0.53%
META	D	2.55%	1.35%	1.35%
MOS	F	0.13%	0.02%	0.02%
MPC	D	0.24%	0.21%	0.21%
MRK	F	1.01%	0.42%	0.42%
MSFT	F	6.37%	4.06%	4.06%
NUE	C	0.19%	0.2%	0.19%
NVDA	C	7.33%	4.5%	4.5%
PCAR	B	0.53%	0.01%	0.01%
PG	A	1.08%	0.72%	0.72%
PLD	D	0.32%	0.01%	0.01%
PSA	D	0.25%	0.2%	0.2%
QCOM	F	1.0%	0.35%	0.35%
SPG	B	0.27%	0.08%	0.08%
STLD	B	0.18%	0.29%	0.18%
SYF	B	0.67%	0.58%	0.58%
T	A	0.62%	0.35%	0.35%
TGT	F	0.48%	0.31%	0.31%
TRV	B	0.68%	0.16%	0.16%
UNH	C	1.69%	0.73%	0.73%
UNP	C	0.61%	0.11%	0.11%
V	A	1.44%	0.76%	0.76%
VICI	C	0.2%	0.02%	0.02%
VLO	C	0.22%	0.13%	0.13%
VZ	C	0.61%	0.1%	0.1%
WFC	A	1.08%	0.17%	0.17%
WMT	A	1.07%	0.65%	0.65%
XOM	B	1.14%	0.36%	0.36%

FVAL Overweight 65 Positions Relative to GLOF

Symbol	Grade	Weight
GOOGL	C	3.72%
CRM	B	1.46%
ZM	B	0.98%
MU	D	0.85%
UAL	A	0.84%
CI	F	0.81%
INTC	D	0.77%
CTSH	B	0.76%
C	A	0.74%
HON	B	0.68%
EXPE	B	0.66%
DAL	C	0.64%
ADP	B	0.64%
CMCSA	B	0.61%
RPRX	D	0.61%
SWKS	F	0.56%
JXN	C	0.56%
LMT	D	0.56%
PRU	A	0.56%
LVS	C	0.55%
UPS	C	0.55%
MO	A	0.55%
CNC	D	0.54%
RNR	C	0.54%
KVUE	A	0.52%
CMI	A	0.52%
F	C	0.51%
OZK	B	0.51%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
FDX	B	0.48%
NEE	D	0.46%
RHI	B	0.44%
OC	A	0.42%
KMB	D	0.41%
M	D	0.39%
AGCO	D	0.38%
ADM	D	0.35%
ACI	C	0.34%
DUK	C	0.34%
BG	F	0.32%
EOG	A	0.31%
PCG	A	0.29%
PARA	C	0.28%
EXC	C	0.26%
ATKR	C	0.26%
NRG	B	0.26%
AEP	D	0.26%
FCX	D	0.24%
O	D	0.23%
CBRE	B	0.23%
NFG	A	0.2%
NEM	D	0.19%
BXP	D	0.18%
DVN	F	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	D	0.17%
WPC	D	0.16%
ARE	D	0.16%
GLPI	C	0.16%
CIVI	D	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 130 Positions Relative to GLOF

Symbol	Grade	Weight
GOOG	C	-2.61%
AVGO	D	-1.19%
LLY	F	-0.73%
FTNT	C	-0.65%
LOW	D	-0.65%
FICO	B	-0.62%
MCK	B	-0.61%
PEP	F	-0.61%
TEAM	A	-0.57%
MA	C	-0.52%
AMP	A	-0.51%
COST	B	-0.51%
CDNS	B	-0.51%
INTU	C	-0.5%
MSI	B	-0.49%
CTAS	B	-0.48%
BLDR	D	-0.48%
TT	A	-0.44%
VST	B	-0.43%
AZO	C	-0.42%
LII	A	-0.42%
ORCL	B	-0.4%
DOCU	A	-0.39%
BBY	D	-0.39%
NOW	A	-0.37%
MTD	D	-0.37%
TSLA	B	-0.37%
FERG	B	-0.36%
TXN	C	-0.35%
TMO	F	-0.34%
MFG	B	-0.34%
DELL	C	-0.34%
AMAT	F	-0.33%
ORLY	B	-0.33%
PANW	C	-0.33%
IT	C	-0.33%
MSCI	C	-0.32%
KLAC	D	-0.3%
CRWD	B	-0.29%
MELI	D	-0.29%
HPQ	B	-0.28%
PM	B	-0.27%
HOLX	D	-0.25%
ABT	B	-0.25%
CSCO	B	-0.24%
ALLY	C	-0.24%
ABNB	C	-0.24%
GWW	B	-0.24%
ANET	C	-0.23%
MUFG	B	-0.22%
PHM	D	-0.22%
YUM	B	-0.22%
SNPS	B	-0.22%
PFE	D	-0.21%
KO	D	-0.2%
NVR	D	-0.2%
DVA	B	-0.2%
MOH	F	-0.2%
FNF	B	-0.2%
AMGN	D	-0.2%
LRCX	F	-0.2%
SPGI	C	-0.2%
ADBE	C	-0.19%
SBUX	A	-0.19%
AFL	B	-0.18%
ETN	A	-0.18%
EMR	A	-0.18%
STT	A	-0.18%
VLTO	D	-0.17%
MAS	D	-0.17%
HUBS	A	-0.17%
LI	F	-0.16%
VRTX	F	-0.15%
ZS	C	-0.14%
HUM	C	-0.14%
MRO	B	-0.14%
SIRI	C	-0.13%
GS	A	-0.13%
GEHC	F	-0.13%
HSY	F	-0.13%
NTAP	C	-0.12%
BLK	C	-0.12%
URI	B	-0.11%
CDW	F	-0.1%
PFG	D	-0.1%
BK	A	-0.1%
DTE	C	-0.09%
A	D	-0.09%
FOXA	B	-0.09%
UBER	D	-0.09%
SMFG	B	-0.09%
NKE	D	-0.08%
NWS	B	-0.08%
TM	D	-0.08%
IDXX	F	-0.07%
LULU	C	-0.07%
TJX	A	-0.06%
ULTA	F	-0.06%
CRH	A	-0.06%
NDAQ	A	-0.06%
LINE	F	-0.05%
FWONA	B	-0.05%
MDLZ	F	-0.05%
PAYX	C	-0.05%
PH	A	-0.05%
CHTR	C	-0.05%
CPNG	D	-0.05%
FRT	B	-0.04%
DOX	D	-0.04%
TSCO	D	-0.04%
EA	A	-0.04%
MCO	B	-0.03%
QRVO	F	-0.03%
MRNA	F	-0.03%
MTCH	D	-0.03%
NI	A	-0.03%
REG	B	-0.03%
WIT	A	-0.02%
STX	D	-0.02%
OMC	C	-0.02%
CSX	B	-0.02%
GL	B	-0.02%
WY	D	-0.02%
BIIB	F	-0.02%
VRSN	F	-0.02%
MDT	D	-0.01%
OKTA	C	-0.01%
VEEV	C	-0.01%
CEG	D	-0.01%
DHR	F	-0.01%