RAFE vs. FVAL ETF Comparison

Comparison of PIMCO RAFI ESG U.S. ETF (RAFE) to Fidelity Value Factor ETF (FVAL)

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$36.74

Average Daily Volume

4,418

Number of Holdings ^*

234

* may have additional holdings in another (foreign) market

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$60.77

Average Daily Volume

60,509

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	RAFE	FVAL
30 Days	2.44%	4.67%
60 Days	9.67%	10.40%
90 Days	4.22%	4.82%
12 Months	29.08%	30.90%

60 Overlapping Holdings

Symbol	Grade	Weight in RAFE	Weight in FVAL	Overlap
AAPL	C	5.25%	6.97%	5.25%
ABBV	C	1.43%	1.35%	1.35%
ACN	B	0.75%	1.17%	0.75%
ADM	F	0.3%	0.4%	0.3%
ADP	A	0.34%	0.6%	0.34%
AGCO	D	0.03%	0.41%	0.03%
AXP	A	0.48%	0.81%	0.48%
BAC	B	0.59%	0.98%	0.59%
BMY	A	1.37%	0.91%	0.91%
C	B	2.37%	0.69%	0.69%
CBRE	C	0.28%	0.23%	0.23%
CF	A	0.12%	0.18%	0.12%
CI	D	1.17%	0.9%	0.9%
CMCSA	B	1.21%	0.61%	0.61%
CMI	A	0.15%	0.48%	0.15%
CNC	F	0.14%	0.73%	0.14%
CRM	B	0.38%	1.28%	0.38%
CTSH	B	0.14%	0.78%	0.14%
CVS	D	0.35%	0.84%	0.35%
DE	C	0.45%	0.64%	0.45%
DOW	B	0.5%	0.21%	0.21%
EBAY	A	0.35%	0.55%	0.35%
ELV	F	0.98%	0.9%	0.9%
F	D	0.88%	0.51%	0.51%
FDX	F	0.33%	0.45%	0.33%
GILD	A	0.74%	0.94%	0.74%
GM	D	1.46%	0.56%	0.56%
HD	A	1.42%	1.23%	1.23%
HPE	B	0.52%	0.79%	0.52%
HST	D	0.09%	0.18%	0.09%
IBM	A	1.55%	1.21%	1.21%
INTC	D	2.25%	0.77%	0.77%
JLL	C	0.18%	0.18%	0.18%
JNJ	D	2.72%	1.42%	1.42%
JPM	C	2.88%	1.63%	1.63%
KMB	D	0.25%	0.45%	0.25%
LIN	C	1.0%	0.58%	0.58%
M	D	0.02%	0.4%	0.02%
META	A	0.99%	2.69%	0.99%
MMM	C	0.93%	0.55%	0.55%
MOS	F	0.15%	0.14%	0.14%
MRK	F	1.63%	1.23%	1.23%
MSFT	D	4.8%	6.76%	4.8%
MU	D	0.76%	0.97%	0.76%
NEM	C	0.48%	0.26%	0.26%
NVDA	B	0.77%	6.45%	0.77%
O	C	0.02%	0.26%	0.02%
OC	C	0.16%	0.38%	0.16%
PARA	F	0.17%	0.29%	0.17%
PG	D	2.36%	1.14%	1.14%
PLD	D	0.07%	0.36%	0.07%
PRU	B	0.42%	0.55%	0.42%
QCOM	D	1.33%	1.09%	1.09%
T	B	1.85%	0.62%	0.62%
TGT	C	0.95%	0.5%	0.5%
UNH	B	0.47%	1.71%	0.47%
UPS	D	0.43%	0.57%	0.43%
V	B	0.77%	1.31%	0.77%
VZ	C	1.46%	0.67%	0.67%
WFC	B	1.71%	0.84%	0.84%

RAFE Overweight 174 Positions Relative to FVAL

Symbol	Grade	Weight
CSCO	A	2.21%
PFE	D	2.17%
ORCL	A	1.2%
AVGO	B	1.08%
AMGN	D	0.98%
LOW	C	0.95%
KO	C	0.93%
ABT	C	0.92%
DIS	D	0.81%
AMAT	C	0.76%
TXN	C	0.69%
LLY	D	0.68%
GS	B	0.65%
MA	A	0.6%
HPQ	B	0.57%
MET	A	0.56%
BLK	A	0.53%
ADBE	F	0.53%
DD	C	0.51%
LRCX	D	0.47%
NKE	D	0.47%
ALL	A	0.46%
PYPL	A	0.46%
BBY	C	0.45%
DHR	D	0.43%
TJX	D	0.4%
JCI	C	0.4%
HUM	F	0.37%
CL	D	0.34%
TMUS	A	0.33%
WM	B	0.33%
CARR	A	0.32%
ADI	B	0.32%
GIS	C	0.31%
APD	C	0.31%
TSLA	C	0.3%
WDC	C	0.3%
IP	C	0.29%
BDX	C	0.28%
FIS	A	0.28%
BIIB	F	0.27%
MDLZ	D	0.27%
MCK	F	0.27%
GEHC	C	0.25%
CCI	D	0.25%
PEP	F	0.25%
WELL	C	0.25%
ITW	C	0.24%
WY	C	0.23%
NTAP	D	0.23%
HIG	A	0.22%
CAH	B	0.22%
ECL	C	0.22%
PGR	B	0.21%
EA	D	0.21%
KLAC	B	0.21%
STT	A	0.2%
MAR	A	0.2%
EIX	C	0.2%
SYY	D	0.2%
EQIX	C	0.19%
VTR	C	0.19%
AMT	D	0.18%
KHC	F	0.18%
JNPR	C	0.17%
AMP	A	0.17%
BAX	D	0.17%
PPG	D	0.17%
IRM	B	0.16%
LUMN	C	0.16%
MSI	A	0.16%
WHR	C	0.16%
PFG	A	0.16%
BK	A	0.15%
EL	D	0.14%
ARW	C	0.14%
A	B	0.14%
K	B	0.14%
VFC	A	0.14%
BALL	C	0.14%
DVA	C	0.14%
ZTS	C	0.13%
SHW	C	0.13%
GWW	B	0.13%
AVB	C	0.13%
KDP	C	0.13%
KSS	D	0.13%
DG	F	0.13%
EQR	C	0.13%
MCO	D	0.13%
IFF	D	0.12%
OMC	C	0.12%
FOXA	B	0.12%
EW	F	0.12%
PKG	B	0.11%
SWK	C	0.11%
HLT	A	0.11%
AWK	D	0.11%
CDNS	D	0.1%
FITB	C	0.1%
DELL	C	0.1%
TER	C	0.1%
CDW	D	0.1%
ISRG	C	0.1%
TPR	B	0.1%
SPGI	C	0.09%
MRVL	C	0.09%
HOLX	D	0.09%
HCA	C	0.09%
GAP	F	0.09%
PVH	D	0.09%
TSCO	A	0.09%
SYK	C	0.09%
OTIS	A	0.09%
LEA	F	0.08%
SJM	D	0.08%
PAYX	B	0.08%
BSX	A	0.08%
ON	F	0.08%
KEYS	B	0.08%
WAT	B	0.08%
TROW	D	0.07%
AKAM	D	0.07%
HUN	B	0.07%
CAG	D	0.07%
USFD	C	0.07%
DOX	B	0.07%
FAST	C	0.07%
LKQ	F	0.07%
WBA	F	0.07%
SOLV	C	0.07%
GPC	D	0.07%
AVT	B	0.07%
ILMN	B	0.06%
NFLX	A	0.06%
AMD	C	0.06%
MCHP	F	0.06%
LNC	B	0.06%
MAA	D	0.06%
VTRS	D	0.06%
SNPS	F	0.06%
GT	F	0.05%
WAB	A	0.05%
HSIC	D	0.05%
XRX	D	0.05%
CPB	D	0.05%
FL	F	0.05%
DGX	D	0.05%
NTRS	B	0.05%
CHD	D	0.05%
DXC	C	0.05%
HSY	D	0.05%
TSN	D	0.05%
NWSA	D	0.04%
ESS	D	0.04%
KD	D	0.04%
OGN	F	0.04%
ROK	D	0.04%
CTVA	A	0.04%
DOV	C	0.04%
MHK	C	0.04%
EQH	B	0.04%
HAS	A	0.04%
MAN	D	0.03%
NWL	D	0.03%
FLEX	B	0.03%
NDAQ	C	0.03%
AAP	F	0.03%
KIM	C	0.03%
RSG	D	0.03%
WU	D	0.03%
ANET	A	0.02%
ORLY	A	0.02%
HRL	F	0.01%

RAFE Underweight 64 Positions Relative to FVAL

Symbol	Grade	Weight
AMZN	C	-3.71%
GOOGL	B	-3.64%
BRK.A	B	-2.08%
XOM	A	-1.14%
WMT	A	-1.04%
MCD	A	-0.9%
ZM	B	-0.87%
CAT	A	-0.8%
BKNG	B	-0.77%
RPRX	D	-0.69%
SWKS	F	-0.68%
UNP	F	-0.66%
HON	C	-0.64%
TRV	B	-0.63%
LMT	A	-0.63%
CVX	B	-0.62%
LVS	B	-0.61%
COF	A	-0.6%
RNR	A	-0.58%
EXPE	B	-0.56%
UAL	A	-0.55%
WYNN	B	-0.55%
DFS	A	-0.55%
EG	A	-0.54%
DAL	C	-0.53%
NEE	C	-0.53%
KVUE	C	-0.52%
MO	D	-0.52%
JXN	A	-0.52%
SYF	A	-0.52%
PCAR	D	-0.48%
OZK	D	-0.45%
G	A	-0.44%
KR	C	-0.43%
RHI	D	-0.41%
COP	D	-0.39%
BG	F	-0.36%
DUK	C	-0.36%
ACI	F	-0.34%
FCX	B	-0.3%
AEP	C	-0.29%
EOG	B	-0.29%
PSA	C	-0.28%
PCG	C	-0.28%
NRG	A	-0.27%
EXC	C	-0.27%
MPC	D	-0.26%
SPG	A	-0.26%
ATKR	F	-0.25%
VICI	C	-0.22%
VLO	F	-0.22%
NUE	D	-0.2%
NFG	A	-0.2%
BXP	B	-0.19%
ARE	D	-0.19%
UGI	C	-0.19%
LYB	B	-0.18%
WPC	C	-0.18%
DVN	F	-0.18%
STLD	C	-0.17%
GLPI	C	-0.17%
MUR	F	-0.14%
CLF	D	-0.13%
CIVI	F	-0.13%