QFLR vs. FFLC ETF Comparison

Comparison of Innovator Nasdaq-100 Managed Floor ETF (QFLR) to Fidelity Fundamental Large Cap Core ETF (FFLC)

QFLR

Innovator Nasdaq-100 Managed Floor ETF

QFLR Description

The fund is an actively managed exchange-traded fund ("ETF") that, under normal market circumstances, seeks to provide capital appreciation through participation in the large-capitalization U.S. equity securities of the Nasdaq-100® Index (the "Nasdaq-100") while limiting the potential for maximum losses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.60

Average Daily Volume

62,317

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

$47.14

Average Daily Volume

101,737

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QFLR	FFLC
30 Days	2.22%	1.03%
60 Days	5.30%	3.95%
90 Days	5.11%	6.08%
12 Months		37.00%

14 Overlapping Holdings

Symbol	Grade	Weight in QFLR	Weight in FFLC	Overlap
AAPL	C	9.22%	4.26%	4.26%
AMZN	C	6.0%	2.89%	2.89%
ASML	F	0.63%	0.18%	0.18%
AVGO	D	5.29%	1.98%	1.98%
COST	A	3.52%	0.63%	0.63%
GILD	C	1.96%	0.27%	0.27%
GOOGL	C	2.89%	3.2%	2.89%
KDP	F	1.01%	1.0%	1.0%
MAR	A	1.6%	0.42%	0.42%
META	D	4.72%	4.7%	4.7%
MRVL	B	1.2%	0.02%	0.02%
MSFT	D	8.58%	6.98%	6.98%
NVDA	B	9.11%	5.71%	5.71%
TMUS	B	2.82%	0.2%	0.2%

QFLR Overweight 29 Positions Relative to FFLC

Symbol	Grade	Weight
TSLA	B	4.39%
NFLX	A	2.8%
GOOG	C	2.7%
AMD	F	2.05%
ADBE	C	1.99%
AMGN	F	1.74%
XEL	A	1.51%
FAST	B	1.37%
CPRT	B	1.34%
EA	A	1.3%
PYPL	B	1.28%
WDAY	B	1.27%
ADSK	A	1.25%
KLAC	F	1.24%
VRSK	A	1.21%
NXPI	D	1.16%
CCEP	C	1.11%
KHC	F	1.05%
ROST	D	1.05%
MCHP	F	0.9%
TTWO	A	0.88%
IDXX	F	0.82%
FANG	C	0.76%
TTD	B	0.66%
ON	D	0.66%
PDD	F	0.61%
CDW	F	0.59%
GFS	C	0.55%
MRNA	F	0.08%

QFLR Underweight 73 Positions Relative to FFLC

Symbol	Grade	Weight
XOM	B	-2.88%
BAC	A	-2.18%
LLY	F	-1.85%
WFC	A	-1.82%
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%
CI	D	-1.23%
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%
PNC	B	-1.01%
INTU	B	-1.0%
ORCL	A	-0.97%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	C	-0.92%
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%
CB	C	-0.73%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
ABBV	F	-0.61%
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%
AJG	A	-0.41%
WSM	C	-0.4%
GD	D	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	F	-0.29%
NOC	D	-0.25%
LIN	C	-0.2%
MELI	C	-0.2%
DKS	D	-0.19%
SPR	D	-0.19%
SPG	A	-0.18%
IP	A	-0.18%
KBR	F	-0.17%
LNG	A	-0.03%