PWV vs. FFLC ETF Comparison

Comparison of PowerShares Dynamic LargeCap Value (PWV) to Fidelity Fundamental Large Cap Core ETF (FFLC)

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$61.42

Average Daily Volume

32,647

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

$47.16

Average Daily Volume

101,737

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PWV	FFLC
30 Days	3.32%	1.03%
60 Days	4.95%	3.95%
90 Days	5.26%	6.08%
12 Months	29.91%	37.00%

12 Overlapping Holdings

Symbol	Grade	Weight in PWV	Weight in FFLC	Overlap
ABBV	F	2.77%	0.61%	0.61%
BAC	A	3.7%	2.18%	2.18%
CB	C	1.42%	0.73%	0.73%
CI	D	1.25%	1.23%	1.23%
ELV	F	1.02%	0.63%	0.63%
KO	D	2.8%	0.94%	0.94%
LEN	D	1.27%	0.36%	0.36%
LNG	A	1.57%	0.03%	0.03%
PNC	B	1.6%	1.01%	1.01%
URI	C	1.58%	0.92%	0.92%
WFC	A	4.15%	1.82%	1.82%
XOM	B	3.28%	2.88%	2.88%

PWV Overweight 37 Positions Relative to FFLC

Symbol	Grade	Weight
JPM	A	3.52%
CVX	A	3.52%
IBM	C	3.37%
ABT	B	3.26%
BRK.A	B	3.25%
VZ	C	3.16%
PG	C	3.16%
TXN	C	3.13%
JNJ	C	2.98%
AMGN	F	2.9%
MS	A	1.78%
COF	C	1.77%
KMI	A	1.72%
OKE	A	1.68%
DELL	B	1.65%
JCI	B	1.64%
CMI	A	1.63%
GM	C	1.61%
BK	A	1.59%
T	A	1.56%
KR	B	1.54%
CAT	B	1.52%
MET	A	1.51%
LHX	C	1.48%
ET	A	1.48%
PRU	A	1.47%
EOG	A	1.45%
AIG	B	1.39%
AFL	B	1.39%
RTX	D	1.37%
VLO	C	1.36%
PSX	C	1.32%
LMT	D	1.32%
MPC	D	1.27%
KMB	C	1.26%
DHI	F	1.19%
CNC	D	1.03%

PWV Underweight 75 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	D	-6.98%
NVDA	B	-5.71%
META	D	-4.7%
AAPL	C	-4.26%
GOOGL	C	-3.2%
AMZN	C	-2.89%
AVGO	D	-1.98%
LLY	F	-1.85%
SO	C	-1.72%
UNH	B	-1.72%
CMCSA	B	-1.69%
GE	D	-1.61%
BSX	A	-1.35%
FI	A	-1.34%
V	A	-1.31%
EIX	B	-1.31%
TMO	F	-1.18%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	C	-1.06%
CEG	C	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
KDP	F	-1.0%
INTU	B	-1.0%
ORCL	A	-0.97%
TSM	B	-0.97%
USB	A	-0.94%
BMY	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
MA	B	-0.85%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	D	-0.76%
REGN	F	-0.75%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
COST	A	-0.63%
UBER	F	-0.61%
CCI	C	-0.61%
APO	B	-0.61%
KNX	C	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	F	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	C	-0.49%
AMT	C	-0.43%
DEO	F	-0.43%
MAR	A	-0.42%
AJG	A	-0.41%
WSM	C	-0.4%
GD	D	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	F	-0.29%
GILD	C	-0.27%
NOC	D	-0.25%
TMUS	B	-0.2%
LIN	C	-0.2%
MELI	C	-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%
MRVL	B	-0.02%