FVAL vs. PCGG ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Polen Capital Global Growth ETF (PCGG)

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

$59.71

Average Daily Volume

55,354

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

PCGG

Polen Capital Global Growth ETF

PCGG Description

The fund is a non-diversified, actively-managed exchange-traded fund ("ETF") that seeks to achieve its objective by investing in a focused portfolio of approximately 25 to 40 common stocks of large capitalization companies that are located anywhere in the world, including companies in both developed and emerging markets, and, in the opinion of the sub-advisor to the fund, have a sustainable competitive advantage. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.47

Average Daily Volume

46,103

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	PCGG
30 Days	1.64%	1.15%
60 Days	1.75%	2.59%
90 Days	4.54%	3.55%
12 Months	25.71%	19.73%

3 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in PCGG	Overlap
AMZN	C	3.76%	9.94%	3.76%
MSFT	C	6.96%	6.97%	6.96%
V	C	1.4%	4.15%	1.4%

FVAL Overweight 121 Positions Relative to PCGG

Symbol	Grade	Weight
AAPL	C	6.96%
NVDA	D	6.47%
GOOGL	D	3.57%
META	A	2.54%
BRK.A	C	2.08%
UNH	C	1.78%
JPM	D	1.62%
JNJ	C	1.49%
ABBV	C	1.38%
MRK	D	1.28%
CRM	D	1.21%
ACN	C	1.2%
HD	A	1.2%
IBM	A	1.2%
PG	C	1.17%
XOM	D	1.12%
QCOM	F	1.1%
WMT	B	1.08%
BAC	D	0.99%
ELV	C	0.97%
CI	C	0.96%
GILD	B	0.95%
MCD	B	0.9%
BMY	C	0.9%
ZM	C	0.86%
MU	F	0.84%
WFC	D	0.81%
CVS	F	0.81%
CTSH	C	0.8%
AXP	B	0.79%
CNC	C	0.75%
CAT	B	0.73%
BKNG	B	0.73%
SWKS	F	0.72%
RPRX	D	0.7%
HPE	D	0.69%
VZ	B	0.68%
UNP	C	0.68%
C	D	0.66%
INTC	F	0.65%
TRV	B	0.65%
HON	D	0.64%
ADP	B	0.63%
T	C	0.63%
LMT	B	0.63%
CVX	D	0.62%
DE	B	0.62%
CMCSA	D	0.59%
LIN	B	0.58%
RNR	B	0.57%
GM	B	0.57%
COF	A	0.57%
EBAY	B	0.56%
MMM	A	0.55%
UPS	F	0.55%
MO	C	0.55%
EG	C	0.54%
NEE	C	0.54%
PRU	C	0.54%
DFS	B	0.53%
KVUE	C	0.53%
F	F	0.52%
EXPE	C	0.52%
SYF	C	0.51%
TGT	C	0.5%
JXN	B	0.49%
FDX	F	0.49%
UAL	C	0.48%
LVS	D	0.48%
DAL	C	0.47%
PCAR	D	0.47%
CMI	C	0.46%
OZK	D	0.46%
KMB	D	0.46%
G	C	0.45%
WYNN	D	0.45%
KR	C	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	B	0.37%
OC	D	0.37%
ACI	F	0.36%
BG	D	0.36%
AEP	C	0.3%
PSA	B	0.29%
PARA	F	0.29%
EOG	D	0.29%
EXC	B	0.28%
PCG	B	0.28%
MPC	D	0.27%
NEM	B	0.27%
SPG	A	0.26%
ATKR	F	0.26%
O	C	0.26%
FCX	D	0.25%
NRG	A	0.24%
VICI	C	0.23%
CBRE	A	0.22%
VLO	F	0.22%
ARE	C	0.2%
DOW	D	0.2%
NFG	B	0.2%
WPC	C	0.19%
BXP	B	0.19%
DVN	D	0.19%
UGI	C	0.19%
NUE	F	0.19%
LYB	F	0.18%
HST	C	0.18%
GLPI	C	0.18%
CF	C	0.17%
JLL	B	0.17%
MUR	F	0.15%
STLD	D	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 6 Positions Relative to PCGG

Symbol	Grade	Weight
GOOG	D	-8.8%
ADBE	F	-4.73%
ABT	C	-4.32%
MA	B	-4.28%
WDAY	D	-3.91%
ICLR	D	-3.8%