KNCT vs. FFLC ETF Comparison

Comparison of Invesco Next Gen Connectivity ETF (KNCT) to Fidelity Fundamental Large Cap Core ETF (FFLC)

KNCT

Invesco Next Gen Connectivity ETF

KNCT Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of securities of companies with significant exposure to technologies or products that contribute to future connectivity through direct revenue. It is non-diversified.

Grade (RS Rating)

Last Trade

$102.92

Average Daily Volume

348

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

$46.68

Average Daily Volume

92,537

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KNCT	FFLC
30 Days	-2.30%	-0.19%
60 Days	2.24%	2.93%
90 Days	2.90%	5.14%
12 Months	23.75%	35.98%

9 Overlapping Holdings

Symbol	Grade	Weight in KNCT	Weight in FFLC	Overlap
AAPL	C	7.83%	4.26%	4.26%
AMT	D	1.94%	0.43%	0.43%
APH	B	1.16%	0.85%	0.85%
AVGO	C	7.92%	1.98%	1.98%
CCI	C	0.65%	0.61%	0.61%
CMCSA	B	2.24%	1.69%	1.69%
CSCO	B	4.16%	1.1%	1.1%
MRVL	B	1.68%	0.02%	0.02%
TMUS	B	2.5%	0.2%	0.2%

KNCT Overweight 51 Positions Relative to FFLC

Symbol	Grade	Weight
QCOM	F	3.89%
VZ	C	3.68%
T	A	3.37%
ACN	C	2.97%
PANW	B	2.74%
ANET	C	2.21%
INTC	C	2.19%
MU	D	1.96%
EQIX	A	1.82%
CRWD	B	1.7%
SNPS	C	1.6%
CDNS	B	1.56%
MSI	B	1.52%
FTNT	B	1.27%
DLR	A	1.17%
DDOG	A	0.87%
CHTR	B	0.79%
NET	B	0.6%
MCHP	F	0.54%
NTAP	C	0.52%
SBAC	D	0.5%
MDB	C	0.46%
ZS	B	0.43%
KEYS	C	0.39%
NTNX	B	0.37%
ARM	F	0.36%
UMC	F	0.35%
DOCU	B	0.35%
DT	C	0.34%
COHR	B	0.33%
CHKP	D	0.33%
FFIV	B	0.3%
AKAM	F	0.29%
JNPR	D	0.27%
CYBR	A	0.27%
OKTA	D	0.26%
LBRDK	C	0.23%
CIEN	B	0.22%
CACI	C	0.22%
BAH	D	0.22%
WIT	B	0.21%
FYBR	C	0.19%
CHT	C	0.17%
LSCC	D	0.15%
CFLT	B	0.14%
RMBS	C	0.12%
QLYS	C	0.12%
KD	A	0.12%
TENB	D	0.11%
DY	C	0.1%
G	B	0.08%

KNCT Underweight 78 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	D	-6.98%
NVDA	A	-5.71%
META	C	-4.7%
GOOGL	B	-3.2%
AMZN	B	-2.89%
XOM	B	-2.88%
BAC	A	-2.18%
LLY	F	-1.85%
WFC	A	-1.82%
SO	C	-1.72%
UNH	C	-1.72%
GE	D	-1.61%
BSX	A	-1.35%
FI	A	-1.34%
V	A	-1.31%
EIX	C	-1.31%
CI	D	-1.23%
TMO	F	-1.18%
SAP	B	-1.15%
LOW	C	-1.06%
CEG	C	-1.06%
KVUE	A	-1.04%
ETN	B	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
INTU	B	-1.0%
ORCL	A	-0.97%
TSM	B	-0.97%
KO	D	-0.94%
USB	B	-0.94%
URI	B	-0.92%
BMY	A	-0.92%
GEV	A	-0.87%
TRV	A	-0.87%
MA	B	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	F	-0.76%
REGN	F	-0.75%
CB	C	-0.73%
BA	D	-0.72%
VRT	A	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
COST	A	-0.63%
ABBV	F	-0.61%
UBER	F	-0.61%
APO	A	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	F	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
DEO	F	-0.43%
MAR	B	-0.42%
AJG	B	-0.41%
WSM	D	-0.4%
GD	D	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
ABNB	D	-0.33%
GSK	F	-0.3%
HII	F	-0.29%
GILD	C	-0.27%
NOC	D	-0.25%
LIN	D	-0.2%
MELI	D	-0.2%
DKS	D	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
SPG	A	-0.18%
IP	A	-0.18%
KBR	F	-0.17%
LNG	A	-0.03%