FVAL vs. ROUS ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Lattice U.S. Equity Strategy ETF (ROUS)

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

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$53.83

Average Daily Volume

59,393

Number of Holdings ^*

345

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	ROUS
30 Days	3.33%	4.24%
60 Days	5.59%	4.66%
90 Days	6.82%	6.25%
12 Months	28.35%	30.06%

81 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in ROUS	Overlap
AAPL	C	6.68%	1.22%	1.22%
ABBV	D	1.11%	0.85%	0.85%
ACI	C	0.34%	0.41%	0.34%
ACN	C	1.15%	0.44%	0.44%
ADM	D	0.35%	0.03%	0.03%
AEP	D	0.26%	0.22%	0.22%
AMZN	C	3.88%	0.52%	0.52%
BAC	A	1.13%	0.11%	0.11%
BKNG	A	0.87%	0.23%	0.23%
BMY	B	0.98%	0.32%	0.32%
BRK.A	B	2.07%	0.72%	0.72%
C	A	0.74%	0.34%	0.34%
CAT	B	0.77%	0.19%	0.19%
CF	B	0.18%	0.03%	0.03%
CI	F	0.81%	0.24%	0.24%
CMCSA	B	0.61%	0.37%	0.37%
CMI	A	0.52%	0.48%	0.48%
CNC	D	0.54%	0.1%	0.1%
COF	B	0.72%	0.04%	0.04%
COP	C	0.4%	0.08%	0.08%
CTSH	B	0.76%	0.75%	0.75%
CVS	D	0.71%	0.44%	0.44%
CVX	A	0.67%	0.21%	0.21%
DUK	C	0.34%	0.29%	0.29%
DVN	F	0.18%	0.1%	0.1%
EBAY	D	0.51%	0.33%	0.33%
EG	C	0.5%	0.26%	0.26%
ELV	F	0.67%	0.42%	0.42%
EOG	A	0.31%	0.63%	0.31%
EXC	C	0.26%	0.08%	0.08%
FDX	B	0.48%	0.36%	0.36%
GILD	C	0.97%	0.7%	0.7%
GLPI	C	0.16%	0.08%	0.08%
GOOGL	C	3.72%	1.26%	1.26%
HD	A	1.22%	0.81%	0.81%
HON	B	0.68%	0.05%	0.05%
HPE	B	0.81%	0.86%	0.81%
IBM	C	1.09%	0.83%	0.83%
JNJ	D	1.31%	1.08%	1.08%
JPM	A	1.84%	0.81%	0.81%
KMB	D	0.41%	0.38%	0.38%
KR	B	0.43%	0.84%	0.43%
LIN	D	0.53%	0.02%	0.02%
LMT	D	0.56%	0.38%	0.38%
LYB	F	0.15%	0.17%	0.15%
MCD	D	0.84%	0.14%	0.14%
META	D	2.55%	0.78%	0.78%
MMM	D	0.5%	0.15%	0.15%
MO	A	0.55%	0.6%	0.55%
MPC	D	0.24%	0.26%	0.24%
MRK	F	1.01%	0.84%	0.84%
MSFT	F	6.37%	1.14%	1.14%
NEE	D	0.46%	0.09%	0.09%
NFG	A	0.2%	0.24%	0.2%
NRG	B	0.26%	0.51%	0.26%
NVDA	C	7.33%	0.99%	0.99%
O	D	0.23%	0.14%	0.14%
OC	A	0.42%	0.2%	0.2%
PCAR	B	0.53%	0.31%	0.31%
PG	A	1.08%	0.64%	0.64%
PRU	A	0.56%	0.25%	0.25%
PSA	D	0.25%	0.07%	0.07%
QCOM	F	1.0%	0.52%	0.52%
RHI	B	0.44%	0.29%	0.29%
RNR	C	0.54%	0.16%	0.16%
SPG	B	0.27%	0.07%	0.07%
STLD	B	0.18%	0.3%	0.18%
SWKS	F	0.56%	0.15%	0.15%
SYF	B	0.67%	0.31%	0.31%
T	A	0.62%	0.89%	0.62%
TGT	F	0.48%	0.11%	0.11%
TRV	B	0.68%	0.39%	0.39%
UNH	C	1.69%	1.02%	1.02%
V	A	1.44%	0.4%	0.4%
VICI	C	0.2%	0.31%	0.2%
VLO	C	0.22%	0.47%	0.22%
VZ	C	0.61%	0.84%	0.61%
WFC	A	1.08%	0.22%	0.22%
WMT	A	1.07%	1.09%	1.07%
WPC	D	0.16%	0.01%	0.01%
XOM	B	1.14%	0.82%	0.82%

FVAL Overweight 43 Positions Relative to ROUS

Symbol	Grade	Weight
CRM	B	1.46%
ZM	B	0.98%
MU	D	0.85%
UAL	A	0.84%
AXP	A	0.83%
INTC	D	0.77%
DFS	B	0.68%
GM	B	0.67%
EXPE	B	0.66%
DAL	C	0.64%
ADP	B	0.64%
RPRX	D	0.61%
UNP	C	0.61%
DE	A	0.59%
JXN	C	0.56%
LVS	C	0.55%
UPS	C	0.55%
KVUE	A	0.52%
F	C	0.51%
OZK	B	0.51%
WYNN	D	0.5%
G	B	0.49%
M	D	0.39%
AGCO	D	0.38%
PLD	D	0.32%
BG	F	0.32%
PCG	A	0.29%
PARA	C	0.28%
ATKR	C	0.26%
FCX	D	0.24%
CBRE	B	0.23%
NUE	C	0.19%
NEM	D	0.19%
BXP	D	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	D	0.17%
ARE	D	0.16%
DOW	F	0.16%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 264 Positions Relative to ROUS

Symbol	Grade	Weight
HPQ	B	-1.07%
NTAP	C	-1.0%
DELL	C	-0.88%
CSCO	B	-0.83%
MSI	B	-0.82%
CVLT	B	-0.78%
EA	A	-0.77%
TMUS	B	-0.76%
LLY	F	-0.75%
AVT	C	-0.69%
FICO	B	-0.67%
TXN	C	-0.65%
MUSA	A	-0.64%
ORCL	B	-0.64%
AVGO	D	-0.63%
MTB	A	-0.62%
APH	A	-0.58%
FOXA	B	-0.58%
GWW	B	-0.58%
IT	C	-0.56%
COST	B	-0.56%
GLW	B	-0.54%
MCK	B	-0.54%
HUM	C	-0.53%
GDDY	A	-0.52%
SHW	A	-0.51%
CINF	A	-0.5%
ALSN	B	-0.49%
HRB	D	-0.49%
FAST	B	-0.49%
BK	A	-0.48%
INCY	C	-0.44%
RPM	A	-0.44%
CL	D	-0.43%
DBX	B	-0.43%
CTAS	B	-0.43%
FFIV	B	-0.42%
UTHR	C	-0.42%
UNM	A	-0.41%
JNPR	F	-0.4%
MLI	C	-0.4%
MA	C	-0.39%
EME	C	-0.39%
RS	B	-0.39%
NXPI	D	-0.38%
SW	A	-0.38%
CHRW	C	-0.38%
ETR	B	-0.37%
SANM	B	-0.37%
AXS	A	-0.37%
ORLY	B	-0.37%
VRTX	F	-0.36%
AMGN	D	-0.36%
VNT	B	-0.36%
VRSN	F	-0.36%
NYT	C	-0.35%
BBY	D	-0.35%
PM	B	-0.34%
MKL	A	-0.33%
CB	C	-0.33%
GPC	D	-0.33%
CDW	F	-0.33%
TER	D	-0.33%
LNG	B	-0.33%
NSIT	F	-0.32%
AZO	C	-0.32%
BMI	B	-0.32%
AFL	B	-0.32%
CRUS	D	-0.32%
TSCO	D	-0.32%
ORI	A	-0.31%
ANET	C	-0.31%
WM	A	-0.31%
LOW	D	-0.31%
YUM	B	-0.3%
GRMN	B	-0.3%
RMD	C	-0.3%
AMAT	F	-0.29%
WTM	A	-0.29%
PHM	D	-0.29%
GPI	A	-0.29%
EXEL	B	-0.29%
CDNS	B	-0.29%
PEP	F	-0.28%
KLAC	D	-0.28%
TJX	A	-0.28%
OTIS	C	-0.28%
ALKS	B	-0.27%
HSY	F	-0.27%
RF	A	-0.27%
XEL	A	-0.27%
DGX	A	-0.27%
COR	B	-0.27%
SYY	B	-0.26%
SO	D	-0.26%
CASY	A	-0.26%
MAS	D	-0.26%
ITW	B	-0.26%
STT	A	-0.25%
DLB	B	-0.25%
KEYS	A	-0.25%
SNX	C	-0.25%
LOPE	B	-0.25%
SNA	A	-0.25%
DCI	B	-0.24%
PEG	A	-0.24%
MANH	D	-0.24%
CACI	D	-0.24%
NVR	D	-0.24%
ACGL	D	-0.24%
PKG	A	-0.23%
PGR	A	-0.23%
AIT	A	-0.23%
CRBG	B	-0.23%
DTE	C	-0.23%
TT	A	-0.23%
LSTR	D	-0.23%
GPK	C	-0.23%
ED	D	-0.23%
HBAN	A	-0.23%
R	B	-0.23%
KD	B	-0.22%
WSM	B	-0.22%
AN	C	-0.22%
AYI	B	-0.22%
DKS	C	-0.21%
GEN	B	-0.21%
PNC	B	-0.21%
MCHP	D	-0.21%
HCA	F	-0.2%
ROP	B	-0.2%
RSG	A	-0.2%
SON	D	-0.2%
OGN	D	-0.2%
PPL	B	-0.19%
ARW	D	-0.19%
SNPS	B	-0.19%
FLO	D	-0.19%
RDN	C	-0.19%
DHI	D	-0.19%
VRSK	A	-0.19%
WSO	A	-0.19%
DY	D	-0.18%
IRM	D	-0.18%
ECL	D	-0.18%
ADC	B	-0.17%
REGN	F	-0.17%
ASGN	F	-0.17%
FE	C	-0.17%
MDT	D	-0.17%
LRCX	F	-0.17%
CAH	B	-0.17%
UFPI	B	-0.17%
BAH	F	-0.17%
FITB	A	-0.17%
STX	D	-0.16%
JBL	B	-0.16%
ADBE	C	-0.16%
VST	B	-0.16%
CBT	C	-0.16%
SKX	D	-0.16%
PPG	F	-0.16%
OMC	C	-0.15%
MTG	C	-0.14%
ABT	B	-0.14%
ALL	A	-0.14%
SFM	A	-0.14%
RL	B	-0.14%
FLEX	A	-0.14%
BPOP	B	-0.14%
FCN	D	-0.14%
BSX	B	-0.14%
ROL	B	-0.14%
RGA	A	-0.14%
CMC	B	-0.14%
GIS	D	-0.14%
COKE	C	-0.13%
CHE	D	-0.13%
LAMR	D	-0.13%
USB	A	-0.13%
PANW	C	-0.13%
DOV	A	-0.13%
WEC	A	-0.13%
AEE	A	-0.13%
EIX	B	-0.12%
BLDR	D	-0.12%
POR	C	-0.12%
LII	A	-0.12%
PSTG	D	-0.12%
AVB	B	-0.12%
FANG	D	-0.12%
EQR	B	-0.12%
LDOS	C	-0.11%
MTD	D	-0.11%
INTU	C	-0.11%
UMBF	B	-0.1%
VMI	B	-0.1%
AMCR	D	-0.1%
L	A	-0.1%
FSS	B	-0.1%
HUBB	B	-0.09%
AIZ	A	-0.09%
KO	D	-0.09%
WELL	A	-0.09%
ADI	D	-0.09%
CHRD	D	-0.09%
CBOE	B	-0.09%
BJ	A	-0.09%
ATR	B	-0.08%
OGE	B	-0.08%
JHG	A	-0.08%
ACIW	B	-0.08%
NOC	D	-0.08%
INGR	B	-0.08%
MMS	F	-0.08%
GWRE	A	-0.07%
APPF	B	-0.07%
GD	F	-0.07%
SRE	A	-0.07%
NNN	D	-0.07%
FTNT	C	-0.07%
KNF	A	-0.07%
PTC	A	-0.06%
LNC	B	-0.06%
CSWI	A	-0.06%
SPSC	C	-0.06%
AWI	A	-0.05%
ANF	C	-0.05%
MOG.A	B	-0.05%
NOW	A	-0.05%
ADSK	A	-0.05%
BR	A	-0.05%
FELE	B	-0.04%
LFUS	F	-0.04%
CCI	D	-0.04%
EPRT	B	-0.04%
BCO	D	-0.04%
IP	B	-0.04%
D	C	-0.04%
AKAM	D	-0.04%
ITCI	C	-0.04%
NXST	C	-0.04%
NWSA	B	-0.03%
JCI	C	-0.03%
CIEN	B	-0.02%
SYK	C	-0.02%
PAYX	C	-0.02%
SEE	C	-0.02%
CHTR	C	-0.02%
MSA	D	-0.02%
VTR	C	-0.02%
EHC	B	-0.02%
ITRI	B	-0.02%
OHI	C	-0.02%
PSX	C	-0.02%
FHN	A	-0.02%
AAON	B	-0.02%
SLGN	A	-0.02%
AIG	B	-0.02%
AVY	D	-0.01%
MPWR	F	-0.01%
MTH	D	-0.01%
ONB	B	-0.01%
AOS	F	-0.01%