IQM vs. FFLC ETF Comparison

Comparison of Franklin Intelligent Machines ETF (IQM) to Fidelity Fundamental Large Cap Core ETF (FFLC)

IQM

Franklin Intelligent Machines ETF

IQM Description

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of companies that are relevant to its investment theme of intelligent machines. The fund invests predominantly in common stock. Although it may invest across economic sectors, the advisor expects to have significant positions in particular sectors including technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.48

Average Daily Volume

2,836

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

$45.51

Average Daily Volume

94,792

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	IQM	FFLC
30 Days	-0.01%	2.52%
60 Days	1.10%	4.79%
90 Days	-1.54%	4.60%
12 Months	40.31%	37.58%

14 Overlapping Holdings

Symbol	Grade	Weight in IQM	Weight in FFLC	Overlap
AAPL	C	4.7%	4.51%	4.51%
ADI	C	1.89%	0.55%	0.55%
AMD	D	2.35%	1.27%	1.27%
ASML	F	4.09%	0.25%	0.25%
ETN	C	1.27%	1.05%	1.05%
FSLR	C	0.48%	0.25%	0.25%
NVDA	D	11.54%	3.39%	3.39%
NXPI	F	0.92%	0.68%	0.68%
PWR	B	2.34%	0.92%	0.92%
SNPS	D	3.79%	0.44%	0.44%
TER	D	1.94%	0.22%	0.22%
TSM	C	4.0%	0.58%	0.58%
UBER	C	1.09%	1.04%	1.04%
VRT	C	0.43%	0.46%	0.43%

IQM Overweight 31 Positions Relative to FFLC

Symbol	Grade	Weight
ISRG	B	5.94%
CDNS	D	3.95%
AXON	B	3.92%
TSLA	C	3.22%
AMAT	D	2.76%
AVGO	C	1.97%
ADSK	C	1.87%
ANSS	D	1.65%
APH	D	1.64%
KLAC	D	1.63%
ENTG	F	1.44%
LRCX	F	1.35%
PTC	D	1.33%
IDXX	C	1.3%
ALTR	C	1.17%
VMI	D	1.08%
ROP	C	0.96%
KEYS	C	0.85%
TXN	C	0.78%
CRWD	D	0.71%
TEL	D	0.68%
PRCT	C	0.67%
ZBRA	B	0.52%
ALGN	D	0.45%
BSY	D	0.43%
TRMB	C	0.42%
MCHP	F	0.4%
PSTG	F	0.38%
HON	D	0.38%
MPWR	C	0.29%
SITM	B	0.24%

IQM Underweight 119 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	C	-7.7%
AMZN	C	-3.26%
META	B	-2.57%
GOOGL	D	-2.4%
LLY	C	-1.93%
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%
NFLX	B	-1.06%
TMO	B	-1.03%
PH	B	-1.02%
JPM	D	-0.98%
CRM	D	-0.98%
CB	B	-0.97%
INTU	C	-0.92%
NKE	D	-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%
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%
SHOP	C	-0.69%
ON	D	-0.69%
LMT	C	-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%
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%
NVR	B	-0.45%
BWXT	D	-0.45%
CSCO	C	-0.44%
WDAY	D	-0.44%
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%
NVO	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%
MU	F	-0.14%
MASI	F	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%