FVAL vs. USMF ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to WisdomTree U.S. Multifactor Fund (USMF)

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

$62.38

Average Daily Volume

71,977

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

USMF

WisdomTree U.S. Multifactor Fund

USMF Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree U.S. Multifactor Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is generally comprised of 200 U.S. companies with the highest composite scores based on two fundamental factors (value and quality measures) and two technical factors (momentum and correlation). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.91

Average Daily Volume

24,405

Number of Holdings ^*

199

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	USMF
30 Days	2.52%	3.69%
60 Days	7.14%	7.30%
90 Days	8.44%	10.84%
12 Months	29.08%	31.14%

49 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in USMF	Overlap
ABBV	F	1.32%	0.46%	0.46%
ACI	C	0.34%	0.37%	0.34%
ADP	A	0.64%	0.41%	0.41%
AEP	D	0.26%	0.31%	0.26%
AXP	B	0.82%	0.34%	0.34%
BMY	B	0.93%	0.36%	0.36%
BRK.A	B	2.01%	0.36%	0.36%
CI	D	0.79%	0.28%	0.28%
CMCSA	B	0.61%	0.94%	0.61%
CNC	F	0.56%	0.3%	0.3%
COP	C	0.39%	0.41%	0.39%
CRM	B	1.42%	0.9%	0.9%
CTSH	A	0.78%	1.32%	0.78%
DE	D	0.58%	0.33%	0.33%
DUK	D	0.34%	0.33%	0.33%
DVN	F	0.18%	0.32%	0.18%
EBAY	C	0.51%	0.71%	0.51%
ELV	F	0.69%	0.31%	0.31%
EOG	A	0.31%	0.4%	0.31%
EXPE	B	0.65%	0.5%	0.5%
FDX	B	0.46%	0.26%	0.26%
GILD	B	1.04%	0.44%	0.44%
GLPI	D	0.16%	0.35%	0.16%
GM	B	0.64%	0.62%	0.62%
IBM	D	1.11%	1.36%	1.11%
JNJ	D	1.3%	0.46%	0.46%
JPM	A	1.75%	0.37%	0.37%
KMB	D	0.4%	0.33%	0.33%
KR	A	0.43%	0.35%	0.35%
LMT	D	0.58%	0.41%	0.41%
LVS	C	0.57%	0.75%	0.57%
MMM	C	0.51%	0.21%	0.21%
MO	A	0.53%	0.35%	0.35%
MPC	D	0.23%	0.29%	0.23%
MRK	F	1.06%	0.37%	0.37%
PCAR	B	0.53%	0.36%	0.36%
PCG	A	0.28%	0.3%	0.28%
PG	C	1.05%	0.33%	0.33%
SYF	B	0.64%	0.29%	0.29%
T	A	0.6%	1.09%	0.6%
TRV	B	0.66%	0.37%	0.37%
VICI	D	0.2%	0.33%	0.2%
VLO	C	0.21%	0.32%	0.21%
VZ	D	0.58%	0.91%	0.58%
WFC	A	1.0%	0.36%	0.36%
WMT	A	1.06%	0.36%	0.36%
WPC	F	0.16%	0.29%	0.16%
XOM	B	1.14%	0.44%	0.44%
ZM	B	0.97%	1.02%	0.97%

FVAL Overweight 75 Positions Relative to USMF

Symbol	Grade	Weight
NVDA	A	7.49%
AAPL	C	6.63%
MSFT	C	6.37%
AMZN	A	3.92%
GOOGL	C	3.78%
META	B	2.66%
UNH	B	1.72%
V	A	1.4%
HD	B	1.19%
ACN	B	1.14%
BAC	A	1.08%
QCOM	F	1.05%
MU	D	0.97%
MCD	C	0.85%
BKNG	A	0.85%
HPE	B	0.83%
INTC	C	0.81%
UAL	A	0.79%
CAT	B	0.77%
CVS	F	0.73%
C	B	0.73%
COF	B	0.71%
DFS	B	0.66%
HON	B	0.64%
CVX	A	0.64%
UNP	D	0.62%
RPRX	F	0.61%
DAL	A	0.6%
JXN	C	0.59%
SWKS	F	0.58%
RNR	D	0.55%
UPS	C	0.54%
LIN	D	0.53%
PRU	B	0.53%
F	C	0.5%
CMI	A	0.5%
KVUE	A	0.5%
G	B	0.49%
OZK	B	0.48%
EG	D	0.48%
NEE	D	0.46%
TGT	C	0.46%
WYNN	C	0.45%
RHI	B	0.44%
OC	A	0.4%
M	C	0.39%
AGCO	F	0.37%
ADM	F	0.33%
PLD	D	0.32%
BG	D	0.3%
PARA	B	0.28%
NRG	C	0.27%
ATKR	C	0.27%
FCX	F	0.26%
SPG	A	0.26%
PSA	D	0.25%
CBRE	B	0.24%
EXC	C	0.24%
O	D	0.23%
NEM	F	0.21%
NUE	D	0.2%
NFG	D	0.19%
STLD	C	0.19%
UGI	D	0.18%
BXP	D	0.18%
ARE	F	0.17%
CF	B	0.17%
HST	D	0.17%
DOW	F	0.17%
JLL	C	0.17%
LYB	F	0.15%
MUR	D	0.14%
MOS	D	0.14%
CIVI	D	0.13%
CLF	F	0.12%

FVAL Underweight 150 Positions Relative to USMF

Symbol	Grade	Weight
MSI	B	-1.48%
VRSN	C	-1.44%
GDDY	B	-1.38%
ROP	A	-1.34%
TDY	B	-1.33%
FFIV	B	-1.29%
TMUS	A	-1.27%
SNX	C	-1.23%
TYL	B	-1.16%
AKAM	F	-1.14%
EA	A	-1.11%
FOXA	A	-1.07%
JNPR	D	-1.07%
DBX	B	-1.02%
GEN	B	-1.01%
APP	B	-0.98%
DT	C	-0.98%
FICO	B	-0.97%
HPQ	B	-0.97%
CVLT	B	-0.96%
DOCU	B	-0.94%
NYT	C	-0.9%
TJX	A	-0.83%
NTAP	D	-0.81%
DIS	B	-0.81%
ORLY	A	-0.81%
TXRH	A	-0.8%
DRI	B	-0.79%
IPG	F	-0.79%
AZO	B	-0.74%
FTNT	B	-0.74%
WDAY	B	-0.74%
MUSA	B	-0.72%
ARMK	B	-0.71%
INFA	F	-0.69%
HRB	D	-0.65%
EPAM	B	-0.62%
NTNX	B	-0.61%
FSLR	F	-0.6%
LDOS	C	-0.53%
CRUS	F	-0.53%
COR	B	-0.48%
CACI	C	-0.47%
EHC	B	-0.46%
ECL	C	-0.46%
EXEL	B	-0.44%
INGR	B	-0.43%
HOLX	D	-0.43%
DGX	B	-0.42%
CAH	B	-0.42%
WM	A	-0.42%
FI	A	-0.42%
BSX	A	-0.42%
ABT	C	-0.42%
ETR	B	-0.41%
ADTN	B	-0.41%
AMP	A	-0.41%
UTHR	B	-0.41%
CCK	D	-0.4%
ANF	C	-0.4%
MCK	B	-0.4%
DOV	A	-0.39%
BR	A	-0.39%
GPK	D	-0.39%
HIG	C	-0.39%
PPC	C	-0.39%
RSG	B	-0.39%
ZBH	C	-0.39%
CME	B	-0.38%
VRSK	A	-0.38%
L	A	-0.38%
RJF	A	-0.38%
CBOE	D	-0.37%
CHE	D	-0.37%
LH	B	-0.37%
ALSN	B	-0.36%
GAP	B	-0.36%
CNA	C	-0.36%
IBKR	A	-0.36%
BRO	B	-0.36%
LHX	B	-0.36%
UNM	A	-0.36%
SSNC	C	-0.36%
RLI	A	-0.35%
BERY	D	-0.35%
AFL	C	-0.35%
MRO	B	-0.35%
AIG	B	-0.35%
PGR	A	-0.35%
ALL	B	-0.35%
BAH	C	-0.35%
CINF	A	-0.35%
MLI	B	-0.34%
PRI	B	-0.34%
VOYA	B	-0.34%
TMO	F	-0.34%
UHS	D	-0.34%
HCA	D	-0.34%
OGE	B	-0.34%
MSA	D	-0.34%
EME	B	-0.34%
AIZ	A	-0.34%
ORI	A	-0.34%
NNN	F	-0.33%
NTRS	A	-0.33%
ELS	B	-0.33%
HAL	C	-0.33%
WRB	B	-0.33%
J	D	-0.33%
EWBC	B	-0.32%
POST	D	-0.32%
SYY	D	-0.32%
CL	F	-0.32%
MKL	A	-0.32%
RGA	A	-0.32%
REGN	F	-0.31%
REYN	D	-0.31%
FRT	B	-0.31%
SAIC	D	-0.31%
THC	B	-0.3%
TAP	B	-0.3%
EIX	C	-0.3%
MTG	C	-0.3%
GIS	F	-0.3%
VTRS	B	-0.3%
PNW	A	-0.3%
MTB	A	-0.3%
MAS	D	-0.3%
CAG	F	-0.29%
KHC	F	-0.29%
CBSH	A	-0.29%
RYAN	B	-0.29%
LPX	A	-0.29%
CRS	B	-0.28%
SFM	B	-0.28%
DVA	C	-0.27%
NBIX	C	-0.26%
FCNCA	B	-0.26%
FCN	F	-0.25%
AMT	F	-0.25%
APA	F	-0.25%
DINO	D	-0.25%
HALO	C	-0.24%
HII	F	-0.23%
PAYC	B	-0.23%
FMC	F	-0.22%
BMRN	F	-0.21%
PYPL	A	-0.21%
LNTH	F	-0.19%
GL	B	-0.14%