FVAL vs. WLDR ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Affinity World Leaders Equity ETF (WLDR)

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

$60.22

Average Daily Volume

55,847

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

WLDR

Affinity World Leaders Equity ETF

WLDR Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the Thomson Reuters StarMine Affinity World Leaders Index (the index). The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities included in the index. The index is expected to consist of approximately 150 to 250 stocks of companies located in the U.S. and in at least three countries outside of the U.S. and may invest in up to 20 countries. It will be significantly invested in the securities of international companies in addition to securities of U.S. companies.

Grade (RS Rating)

Last Trade

$32.80

Average Daily Volume

2,922

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	WLDR
30 Days	2.44%	4.08%
60 Days	2.80%	4.51%
90 Days	5.00%	6.67%
12 Months	24.77%	29.52%

28 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in WLDR	Overlap
ACI	F	0.36%	0.68%	0.36%
BRK.A	C	2.08%	1.3%	1.3%
CAT	B	0.73%	1.01%	0.73%
CI	C	0.96%	0.92%	0.92%
CMCSA	D	0.59%	1.39%	0.59%
CNC	D	0.75%	0.79%	0.75%
CTSH	C	0.8%	1.98%	0.8%
DAL	C	0.47%	0.49%	0.47%
EBAY	B	0.56%	2.16%	0.56%
ELV	C	0.97%	1.01%	0.97%
F	F	0.52%	0.37%	0.37%
HST	C	0.18%	0.32%	0.18%
IBM	B	1.2%	2.25%	1.2%
JPM	D	1.62%	1.92%	1.62%
KR	C	0.43%	0.76%	0.43%
META	B	2.54%	2.93%	2.54%
MO	C	0.55%	0.72%	0.55%
MPC	F	0.27%	0.59%	0.27%
MRK	D	1.28%	1.28%	1.28%
PCAR	D	0.47%	0.75%	0.47%
RNR	C	0.57%	0.58%	0.57%
SPG	B	0.26%	0.44%	0.26%
STLD	F	0.15%	0.22%	0.15%
SYF	C	0.51%	1.02%	0.51%
UAL	C	0.48%	0.55%	0.48%
VICI	C	0.23%	0.44%	0.23%
VLO	F	0.22%	0.56%	0.22%
VZ	B	0.68%	1.53%	0.68%

FVAL Overweight 96 Positions Relative to WLDR

Symbol	Grade	Weight
MSFT	C	6.96%
AAPL	C	6.96%
NVDA	D	6.47%
AMZN	C	3.76%
GOOGL	D	3.57%
UNH	C	1.78%
JNJ	C	1.49%
V	C	1.4%
ABBV	C	1.38%
CRM	D	1.21%
ACN	C	1.2%
HD	B	1.2%
PG	C	1.17%
XOM	C	1.12%
QCOM	D	1.1%
WMT	C	1.08%
BAC	D	0.99%
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	D	0.81%
AXP	B	0.79%
BKNG	C	0.73%
SWKS	D	0.72%
RPRX	C	0.7%
HPE	D	0.69%
UNP	C	0.68%
C	C	0.66%
INTC	F	0.65%
TRV	C	0.65%
HON	D	0.64%
ADP	B	0.63%
T	C	0.63%
LMT	C	0.63%
CVX	D	0.62%
DE	B	0.62%
LIN	B	0.58%
GM	C	0.57%
COF	B	0.57%
MMM	B	0.55%
UPS	D	0.55%
EG	C	0.54%
NEE	C	0.54%
PRU	C	0.54%
DFS	B	0.53%
KVUE	C	0.53%
EXPE	C	0.52%
TGT	C	0.5%
JXN	A	0.49%
FDX	C	0.49%
LVS	D	0.48%
CMI	C	0.46%
OZK	D	0.46%
KMB	D	0.46%
G	C	0.45%
WYNN	D	0.45%
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	D	0.37%
BG	D	0.36%
AEP	C	0.3%
PSA	B	0.29%
PARA	F	0.29%
EOG	D	0.29%
EXC	C	0.28%
PCG	C	0.28%
NEM	B	0.27%
ATKR	F	0.26%
O	C	0.26%
FCX	D	0.25%
NRG	C	0.24%
CBRE	A	0.22%
ARE	C	0.2%
DOW	D	0.2%
NFG	B	0.2%
WPC	C	0.19%
BXP	B	0.19%
DVN	F	0.19%
UGI	C	0.19%
NUE	F	0.19%
LYB	D	0.18%
GLPI	C	0.18%
CF	C	0.17%
JLL	B	0.17%
MUR	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 42 Positions Relative to WLDR

Symbol	Grade	Weight
HPQ	D	-3.53%
NTAP	D	-3.33%
AMAT	D	-2.88%
AZO	D	-2.59%
DELL	D	-2.57%
APP	C	-2.16%
SSNC	B	-2.14%
WSM	D	-2.1%
DOCU	C	-1.69%
OMC	B	-1.31%
CARR	B	-1.16%
BK	B	-1.14%
EMN	B	-1.05%
HCA	B	-1.01%
CAH	C	-0.99%
MCK	F	-0.96%
VTRS	D	-0.88%
TEVA	C	-0.87%
TROW	D	-0.83%
RCL	B	-0.78%
FANG	D	-0.62%
ALL	B	-0.6%
HMC	D	-0.6%
PSX	F	-0.58%
ETR	B	-0.58%
EVRG	B	-0.56%
CNM	F	-0.56%
RGA	C	-0.54%
CCEP	B	-0.53%
AER	B	-0.52%
VST	C	-0.51%
URI	B	-0.51%
TSN	C	-0.5%
PHM	B	-0.49%
HOOD	C	-0.49%
LEN	B	-0.49%
MGM	F	-0.48%
TOL	B	-0.46%
DOC	C	-0.42%
STLA	F	-0.41%
TAP	D	-0.37%
RS	D	-0.22%