IETC vs. FFLC ETF Comparison

Comparison of iShares Evolved U.S. Technology ETF (IETC) to Fidelity Fundamental Large Cap Core ETF (FFLC)

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$77.57

Average Daily Volume

17,260

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.30

Average Daily Volume

94,792

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	IETC	FFLC
30 Days	2.76%	2.52%
60 Days	4.78%	4.79%
90 Days	3.42%	4.60%
12 Months	43.26%	37.58%

23 Overlapping Holdings

Symbol	Grade	Weight in IETC	Weight in FFLC	Overlap
AAPL	C	1.0%	4.51%	1.0%
ABNB	D	1.0%	0.5%	0.5%
ADBE	F	1.0%	1.41%	1.0%
AMD	D	1.0%	1.27%	1.0%
AMZN	C	1.0%	3.26%	1.0%
CRM	D	1.0%	0.98%	0.98%
CSCO	C	1.0%	0.44%	0.44%
GOOGL	D	1.0%	2.4%	1.0%
INTU	C	1.0%	0.92%	0.92%
LMT	C	1.0%	0.68%	0.68%
META	B	1.0%	2.57%	1.0%
MMC	C	1.0%	0.53%	0.53%
MSFT	C	1.0%	7.7%	1.0%
MU	F	1.0%	0.14%	0.14%
NVDA	D	1.0%	3.39%	1.0%
ORCL	C	1.0%	0.79%	0.79%
PH	B	1.0%	1.02%	1.0%
SLB	F	1.0%	0.6%	0.6%
SNPS	D	1.0%	0.44%	0.44%
TER	D	1.0%	0.22%	0.22%
UBER	C	1.0%	1.04%	1.0%
VRT	C	1.0%	0.46%	0.46%
WDAY	D	1.0%	0.44%	0.44%

IETC Overweight 101 Positions Relative to FFLC

Symbol	Grade	Weight
GRAL	F	1.0%
ALGN	D	1.0%
FTV	C	1.0%
RIVN	F	1.0%
TOST	C	1.0%
SMAR	C	1.0%
GDDY	C	1.0%
ZI	D	1.0%
XYL	C	1.0%
BILL	D	1.0%
GLW	C	1.0%
APPN	D	1.0%
ENPH	D	1.0%
LPLA	D	1.0%
DXC	C	1.0%
ILMN	C	1.0%
DOCN	A	1.0%
CL	D	1.0%
DELL	D	1.0%
TDY	B	1.0%
MMS	C	1.0%
CPNG	B	1.0%
SNAP	F	1.0%
SAIC	C	1.0%
CFLT	F	1.0%
SLAB	D	1.0%
ADP	B	1.0%
JNPR	B	1.0%
HOOD	C	1.0%
BBY	C	1.0%
SMCI	F	1.0%
ROK	D	1.0%
FBIN	B	1.0%
CBOE	C	1.0%
NDAQ	A	1.0%
QRVO	F	1.0%
HUBS	D	1.0%
AON	B	1.0%
EA	D	1.0%
VEEV	C	1.0%
IPG	C	1.0%
MSCI	C	1.0%
MSTR	D	1.0%
NSIT	D	1.0%
DDOG	D	1.0%
PINS	F	1.0%
QLYS	F	1.0%
JKHY	B	1.0%
CACI	B	1.0%
OMC	B	1.0%
IQV	C	1.0%
AKAM	D	1.0%
DASH	C	1.0%
LRCX	F	1.0%
IRM	C	1.0%
BSY	D	1.0%
TRU	B	1.0%
KEYS	C	1.0%
SQ	D	1.0%
KLAC	D	1.0%
FTNT	C	1.0%
BAH	C	1.0%
TTEK	C	1.0%
G	C	1.0%
CPAY	B	1.0%
COIN	F	1.0%
TXN	C	1.0%
PLTR	B	1.0%
MCO	B	1.0%
ANSS	D	1.0%
SNOW	F	1.0%
CRWD	D	1.0%
CSGP	D	1.0%
ZM	C	1.0%
TTD	B	1.0%
ANET	B	1.0%
TEAM	D	1.0%
FDS	C	1.0%
IT	B	1.0%
ADSK	C	1.0%
TYL	C	1.0%
VRSK	D	1.0%
CDW	D	1.0%
SSNC	B	1.0%
EQIX	C	1.0%
SPGI	B	1.0%
MPWR	C	1.0%
MA	B	1.0%
NTAP	D	1.0%
GPN	D	1.0%
VRSN	D	1.0%
MANH	B	1.0%
QCOM	D	1.0%
CDNS	D	1.0%
ICE	C	1.0%
GOOG	D	1.0%
NOW	B	1.0%
MSI	B	1.0%
IBM	B	1.0%
ACN	C	1.0%
AVGO	C	1.0%

IETC Underweight 110 Positions Relative to FFLC

Symbol	Grade	Weight
LLY	C	-1.93%
UNH	C	-1.72%
V	C	-1.63%
XOM	C	-1.49%
BA	F	-1.31%
BSX	B	-1.23%
TJX	B	-1.2%
CMCSA	D	-1.16%
WFC	D	-1.08%
NFLX	B	-1.06%
ETN	C	-1.05%
TMO	B	-1.03%
JPM	D	-0.98%
CB	B	-0.97%
NKE	D	-0.92%
PWR	B	-0.92%
GE	B	-0.9%
BAC	D	-0.9%
KVUE	C	-0.88%
DHR	B	-0.82%
SO	B	-0.82%
LIN	B	-0.81%
REGN	C	-0.76%
FCX	D	-0.75%
CAT	B	-0.75%
KO	C	-0.73%
IR	C	-0.73%
APTV	D	-0.71%
BKR	C	-0.7%
SHOP	C	-0.69%
ON	D	-0.69%
NXPI	F	-0.68%
SYK	C	-0.67%
HWM	B	-0.67%
JBL	D	-0.67%
GNRC	D	-0.66%
CEG	C	-0.66%
VST	C	-0.65%
KDP	B	-0.63%
BKNG	C	-0.61%
MS	D	-0.6%
NOC	B	-0.6%
BJ	D	-0.58%
TSM	C	-0.58%
DIS	D	-0.57%
PFGC	B	-0.57%
ADI	C	-0.55%
CI	C	-0.52%
FLEX	C	-0.52%
LNG	C	-0.51%
CNC	D	-0.51%
RL	C	-0.51%
WMT	C	-0.49%
CE	F	-0.49%
HLT	B	-0.49%
MLM	D	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
NVR	B	-0.45%
BWXT	D	-0.45%
DT	C	-0.43%
KBR	D	-0.42%
ESI	D	-0.42%
CMG	C	-0.42%
ARES	B	-0.41%
FCN	D	-0.41%
SPOT	B	-0.4%
ITT	B	-0.39%
LEN	B	-0.39%
CBRE	A	-0.39%
BLDR	C	-0.39%
FOUR	C	-0.39%
AVY	C	-0.38%
EDR	A	-0.37%
URI	B	-0.37%
GS	C	-0.33%
WSC	D	-0.32%
HLI	B	-0.32%
TRNO	C	-0.32%
HES	F	-0.32%
FTI	D	-0.29%
GILD	B	-0.29%
HOLX	B	-0.28%
EL	F	-0.27%
MDB	D	-0.27%
CHDN	C	-0.27%
SAM	F	-0.27%
MRK	D	-0.26%
GLPI	C	-0.26%
TT	B	-0.26%
ASML	F	-0.25%
NVO	C	-0.25%
FSLR	C	-0.25%
AR	F	-0.24%
ACGL	C	-0.24%
FND	C	-0.24%
WST	D	-0.22%
DKS	D	-0.21%
STZ	D	-0.2%
WNS	F	-0.19%
ESS	B	-0.18%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	C	-0.16%
MASI	F	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Advertising Agencies Computer Systems Insurance Brokers Internet Content & Information Specialty Retail Aerospace & Defense Auto Manufacturers