PSET vs. FFLC ETF Comparison

Comparison of Principal Price Setters Index ETF (PSET) to Fidelity Fundamental Large Cap Core ETF (FFLC)

PSET

Principal Price Setters Index ETF

PSET Description

The Principal Price Setters Index ETF seeks to provide investment results that closely correspond, before expenses, to the performance of the NASDAQ U.S. Price Setters Index. The ETF employs a passive investment approach designed to track the performance of the Index.

Grade (RS Rating)

Last Trade

$71.09

Average Daily Volume

1,298

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

$45.50

Average Daily Volume

94,967

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	PSET	FFLC
30 Days	3.60%	2.80%
60 Days	5.67%	5.73%
90 Days	4.30%	4.91%
12 Months	30.85%	40.47%

22 Overlapping Holdings

Symbol	Grade	Weight in PSET	Weight in FFLC	Overlap
AAPL	C	5.43%	4.51%	4.51%
AMD	C	1.33%	1.27%	1.27%
AMZN	C	2.26%	3.26%	2.26%
APTV	D	0.91%	0.71%	0.71%
BSX	B	1.49%	1.23%	1.23%
CMG	D	1.17%	0.42%	0.42%
CRM	C	1.44%	0.98%	0.98%
ETN	C	1.35%	1.05%	1.05%
GOOGL	D	0.48%	2.4%	0.48%
INTU	D	1.39%	0.92%	0.92%
JBL	C	0.92%	0.67%	0.67%
META	B	1.09%	2.57%	1.09%
MLM	D	0.96%	0.48%	0.48%
MSFT	C	8.09%	7.7%	7.7%
NFLX	B	1.78%	1.06%	1.06%
NVDA	C	4.4%	3.39%	3.39%
SLB	F	0.9%	0.6%	0.6%
SNPS	F	1.05%	0.44%	0.44%
SYK	C	1.27%	0.67%	0.67%
TMO	B	1.54%	1.03%	1.03%
TT	B	1.46%	0.26%	0.26%
WST	D	0.81%	0.22%	0.22%

PSET Overweight 50 Positions Relative to FFLC

Symbol	Grade	Weight
AVGO	C	2.97%
GOOG	D	1.79%
ANET	C	1.56%
IBM	B	1.53%
QCOM	D	1.39%
PYPL	B	1.35%
MPWR	B	1.34%
DHI	C	1.34%
ACN	C	1.32%
PHM	B	1.3%
KLAC	D	1.3%
AMAT	D	1.28%
ZTS	B	1.27%
ECL	B	1.21%
NTAP	D	1.2%
KMB	C	1.19%
FFIV	B	1.15%
CBOE	C	1.14%
IT	C	1.14%
RSG	D	1.13%
HPE	C	1.13%
GWW	B	1.1%
ORLY	B	1.1%
DOV	B	1.09%
ITW	B	1.07%
ALLE	B	1.06%
CPAY	B	1.05%
CDNS	D	1.05%
BR	C	1.05%
KEYS	B	1.04%
IQV	D	1.02%
CHD	C	1.01%
A	C	1.0%
AME	C	0.99%
SYY	C	0.98%
CPRT	D	0.98%
FDS	C	0.98%
VMC	C	0.98%
SNA	B	0.97%
ROK	D	0.96%
NDSN	C	0.96%
PPG	C	0.95%
CDW	D	0.95%
AOS	B	0.94%
MCHP	D	0.93%
GPN	D	0.88%
IEX	C	0.87%
EW	F	0.78%
ULTA	D	0.76%
BRK.A	C	0.24%

PSET Underweight 111 Positions Relative to FFLC

Symbol	Grade	Weight
LLY	D	-1.93%
UNH	C	-1.72%
V	C	-1.63%
XOM	D	-1.49%
ADBE	F	-1.41%
BA	F	-1.31%
TJX	C	-1.2%
CMCSA	C	-1.16%
WFC	D	-1.08%
UBER	C	-1.04%
PH	B	-1.02%
JPM	D	-0.98%
CB	B	-0.97%
NKE	D	-0.92%
PWR	B	-0.92%
GE	C	-0.9%
BAC	D	-0.9%
KVUE	B	-0.88%
DHR	B	-0.82%
SO	B	-0.82%
LIN	B	-0.81%
ORCL	B	-0.79%
REGN	D	-0.76%
FCX	C	-0.75%
CAT	B	-0.75%
KO	B	-0.73%
IR	B	-0.73%
BKR	C	-0.7%
SHOP	C	-0.69%
ON	D	-0.69%
LMT	A	-0.68%
NXPI	D	-0.68%
HWM	B	-0.67%
GNRC	D	-0.66%
CEG	C	-0.66%
VST	B	-0.65%
KDP	B	-0.63%
BKNG	B	-0.61%
MS	B	-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%
MMC	C	-0.53%
CI	C	-0.52%
FLEX	B	-0.52%
LNG	D	-0.51%
CNC	D	-0.51%
RL	B	-0.51%
ABNB	D	-0.5%
WMT	B	-0.49%
CE	D	-0.49%
HLT	B	-0.49%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	C	-0.46%
NVR	B	-0.45%
BWXT	A	-0.45%
CSCO	B	-0.44%
WDAY	D	-0.44%
DT	C	-0.43%
KBR	D	-0.42%
ESI	C	-0.42%
ARES	B	-0.41%
FCN	C	-0.41%
SPOT	C	-0.4%
ITT	B	-0.39%
LEN	B	-0.39%
CBRE	B	-0.39%
BLDR	C	-0.39%
FOUR	C	-0.39%
AVY	C	-0.38%
EDR	A	-0.37%
URI	B	-0.37%
GS	B	-0.33%
WSC	D	-0.32%
HLI	C	-0.32%
TRNO	D	-0.32%
HES	F	-0.32%
FTI	D	-0.29%
GILD	B	-0.29%
HOLX	D	-0.28%
EL	D	-0.27%
MDB	D	-0.27%
CHDN	D	-0.27%
SAM	D	-0.27%
MRK	F	-0.26%
GLPI	C	-0.26%
ASML	F	-0.25%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	C	-0.24%
ACGL	B	-0.24%
FND	C	-0.24%
TER	C	-0.22%
DKS	D	-0.21%
STZ	C	-0.2%
WNS	F	-0.19%
ESS	C	-0.18%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	B	-0.16%
MU	D	-0.14%
MASI	C	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	D	-0.04%