INNO vs. FFLC ETF Comparison

Comparison of Harbor Disruptive Innovation ETF (INNO) to Fidelity Fundamental Large Cap Core ETF (FFLC)

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$15.81

Average Daily Volume

9,798

Number of Holdings ^*

* 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

$45.33

Average Daily Volume

94,792

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	INNO	FFLC
30 Days	2.51%	2.52%
60 Days	4.90%	4.79%
90 Days	3.29%	4.60%
12 Months	27.02%	37.58%

18 Overlapping Holdings

Symbol	Grade	Weight in INNO	Weight in FFLC	Overlap
AMD	D	1.62%	1.27%	1.27%
AMZN	C	2.91%	3.26%	2.91%
CMG	C	1.59%	0.42%	0.42%
CRM	D	0.57%	0.98%	0.57%
DHR	B	3.11%	0.82%	0.82%
DT	C	0.65%	0.43%	0.43%
GOOGL	D	1.9%	2.4%	1.9%
LEGN	F	0.57%	0.12%	0.12%
LIN	B	2.93%	0.81%	0.81%
LLY	C	0.69%	1.93%	0.69%
MDB	D	0.71%	0.27%	0.27%
META	B	1.98%	2.57%	1.98%
MSFT	C	2.15%	7.7%	2.15%
NFLX	B	1.03%	1.06%	1.03%
NVDA	D	3.8%	3.39%	3.39%
SHOP	C	2.69%	0.69%	0.69%
TSM	C	0.56%	0.58%	0.56%
URI	B	2.62%	0.37%	0.37%

INNO Overweight 48 Positions Relative to FFLC

Symbol	Grade	Weight
NOW	B	4.12%
LRCX	F	3.95%
MELI	B	3.46%
PGR	B	3.25%
GOOG	D	3.25%
CDNS	D	3.06%
TXN	C	2.51%
DASH	C	2.38%
IOT	B	2.21%
TEAM	D	1.67%
ASND	C	1.61%
TOST	C	1.4%
CGNX	F	1.28%
NET	D	1.13%
DDOG	D	1.11%
PCOR	F	1.03%
MEDP	F	0.93%
SAP	B	0.89%
MRNA	F	0.88%
HUBS	D	0.88%
MNDY	B	0.83%
SMAR	C	0.82%
GTLS	F	0.79%
PANW	D	0.77%
S	C	0.76%
ICLR	D	0.76%
SE	B	0.71%
MTSI	D	0.69%
ZS	F	0.69%
AMAT	D	0.68%
BSY	D	0.66%
NU	B	0.66%
ROKU	C	0.64%
LSCC	D	0.63%
PODD	B	0.58%
OKTA	F	0.57%
SQ	D	0.55%
DKNG	C	0.52%
GEV	B	0.51%
RCKT	D	0.49%
HUBB	B	0.44%
SNOW	F	0.43%
GLBE	C	0.38%
TSLA	C	0.38%
SAIA	D	0.38%
CRWD	D	0.36%
PCVX	C	0.35%
DXCM	F	0.33%

INNO Underweight 115 Positions Relative to FFLC

Symbol	Grade	Weight
AAPL	C	-4.51%
UNH	C	-1.72%
V	C	-1.63%
XOM	C	-1.49%
ADBE	F	-1.41%
BA	F	-1.31%
BSX	B	-1.23%
TJX	B	-1.2%
CMCSA	D	-1.16%
WFC	D	-1.08%
ETN	C	-1.05%
UBER	C	-1.04%
TMO	B	-1.03%
PH	B	-1.02%
JPM	D	-0.98%
CB	B	-0.97%
INTU	C	-0.92%
NKE	D	-0.92%
PWR	B	-0.92%
GE	B	-0.9%
BAC	D	-0.9%
KVUE	C	-0.88%
SO	B	-0.82%
ORCL	C	-0.79%
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%
ON	D	-0.69%
LMT	C	-0.68%
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%
SLB	F	-0.6%
BJ	D	-0.58%
DIS	D	-0.57%
PFGC	B	-0.57%
ADI	C	-0.55%
MMC	C	-0.53%
CI	C	-0.52%
FLEX	C	-0.52%
LNG	C	-0.51%
CNC	D	-0.51%
RL	C	-0.51%
ABNB	D	-0.5%
WMT	C	-0.49%
CE	F	-0.49%
HLT	B	-0.49%
MLM	D	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	C	-0.46%
NVR	B	-0.45%
BWXT	D	-0.45%
SNPS	D	-0.44%
CSCO	C	-0.44%
WDAY	D	-0.44%
KBR	D	-0.42%
ESI	D	-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%
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%
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%
TER	D	-0.22%
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%
MU	F	-0.14%
MASI	F	-0.12%
AGL	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%

INNO: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Biotechnology Diagnostics & Research Internet Content & Information Semiconductor Equipment & Materials Specialty Retail Auto Manufacturers Banks - Diversified Drug Manufacturers - Major Electronic Components Electronic Gaming & Multimedia Gambling Insurance - Property & Casualty Internet Content & Information Internet Retail Media - Diversified Medical Devices Metal Fabrication