ROE vs. FBCV ETF Comparison

Comparison of Astoria US Quality Kings ETF (ROE) to Fidelity Blue Chip Value ETF (FBCV)

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$30.93

Average Daily Volume

13,276

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FBCV

Fidelity Blue Chip Value ETF

FBCV Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.05

Average Daily Volume

10,872

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ROE	FBCV
30 Days	-0.84%	-0.38%
60 Days	2.58%	2.33%
90 Days	3.83%	4.92%
12 Months	30.24%	20.96%

14 Overlapping Holdings

Symbol	Grade	Weight in ROE	Weight in FBCV	Overlap
APO	A	1.28%	0.77%	0.77%
CB	C	0.93%	1.75%	0.93%
CMCSA	B	1.03%	2.85%	1.03%
CSCO	B	1.08%	2.17%	1.08%
CTSH	B	1.03%	1.35%	1.03%
GEN	B	1.09%	1.35%	1.09%
JNJ	D	0.92%	1.78%	0.92%
LMT	D	0.96%	1.24%	0.96%
LOW	A	1.0%	1.06%	1.0%
MRK	F	0.85%	0.87%	0.85%
NXPI	F	0.93%	0.15%	0.15%
ROST	D	0.91%	0.97%	0.91%
SPG	A	1.03%	0.45%	0.45%
TRV	A	1.05%	2.81%	1.05%

ROE Overweight 85 Positions Relative to FBCV

Symbol	Grade	Weight
APP	A	2.13%
SYF	A	1.28%
VST	A	1.24%
MCK	A	1.23%
CHTR	B	1.19%
AMP	A	1.18%
EME	B	1.16%
NVDA	B	1.16%
GWW	A	1.14%
TMUS	A	1.13%
LYV	A	1.12%
ETR	A	1.12%
PANW	B	1.11%
ORCL	A	1.1%
NFLX	A	1.08%
V	A	1.08%
GOOGL	B	1.07%
RPM	A	1.07%
APH	B	1.07%
MSI	A	1.07%
CAH	B	1.06%
URI	B	1.06%
COR	B	1.06%
TROW	A	1.05%
JBL	C	1.05%
NRG	B	1.03%
WRB	A	1.03%
DOV	A	1.03%
ACN	C	1.02%
MO	A	1.02%
ITW	B	1.02%
EOG	A	1.01%
TXN	C	1.01%
ANET	C	1.0%
SYY	D	1.0%
PM	A	1.0%
CAT	B	1.0%
ALL	A	1.0%
META	C	1.0%
CSL	B	1.0%
DPZ	C	1.0%
OMC	C	0.99%
HD	A	0.99%
AFL	C	0.98%
YUM	D	0.98%
PGR	B	0.98%
TJX	A	0.97%
RMD	C	0.97%
THC	C	0.97%
HIG	C	0.97%
QCOM	F	0.96%
NTAP	D	0.96%
ON	F	0.96%
TGT	D	0.95%
VLO	C	0.95%
AAPL	C	0.95%
IBM	D	0.94%
MSFT	D	0.94%
ADBE	F	0.93%
AMAT	F	0.93%
EG	D	0.93%
EBAY	D	0.92%
VICI	C	0.91%
DVN	F	0.91%
KMB	C	0.91%
A	D	0.9%
GEHC	D	0.9%
PHM	D	0.9%
SBAC	D	0.89%
LRCX	F	0.88%
ZTS	D	0.88%
VZ	C	0.88%
MCHP	F	0.87%
LLY	F	0.87%
CL	D	0.86%
SWKS	F	0.86%
ABBV	F	0.86%
CDW	F	0.85%
KLAC	F	0.84%
DHI	D	0.84%
WSM	F	0.82%
TER	F	0.8%
FSLR	F	0.76%
MPWR	F	0.69%
CE	F	0.58%

ROE Underweight 69 Positions Relative to FBCV

Symbol	Grade	Weight
XOM	B	-4.38%
JPM	A	-3.47%
UNH	B	-2.81%
CI	D	-2.77%
BRK.A	A	-2.65%
PCG	A	-2.45%
DIS	A	-2.37%
BAC	A	-2.36%
CNC	F	-2.14%
DE	D	-2.03%
KVUE	A	-1.98%
AZN	F	-1.83%
BMY	B	-1.7%
HRB	D	-1.7%
WFC	A	-1.64%
EIX	C	-1.5%
KO	D	-1.38%
NOC	D	-1.38%
ELV	F	-1.36%
PNC	A	-1.33%
CVS	F	-1.27%
PG	C	-1.26%
WTW	B	-1.23%
KDP	D	-1.2%
GILD	B	-1.13%
DOX	D	-1.13%
NGG	D	-1.11%
PNR	A	-1.1%
USFD	B	-1.0%
CF	A	-0.99%
HLN	D	-0.98%
MTB	A	-0.96%
FDX	A	-0.91%
USB	B	-0.87%
NTRS	A	-0.86%
SRE	A	-0.83%
JCI	A	-0.76%
CCI	D	-0.76%
CCEP	D	-0.74%
MDLZ	F	-0.74%
CCK	D	-0.73%
TSN	A	-0.72%
RRX	B	-0.69%
NEE	C	-0.67%
EQNR	D	-0.66%
LHX	B	-0.64%
BJ	B	-0.63%
DEO	F	-0.62%
MMS	D	-0.59%
AES	F	-0.56%
MU	D	-0.5%
OXY	F	-0.49%
CMI	A	-0.41%
MUSA	A	-0.39%
SO	C	-0.38%
CHRW	A	-0.38%
G	A	-0.32%
TPR	A	-0.31%
ALSN	B	-0.3%
SNY	D	-0.3%
OVV	C	-0.28%
OTEX	F	-0.28%
GEV	A	-0.26%
BNTX	D	-0.26%
CFR	A	-0.21%
OSK	C	-0.16%
AVGO	C	-0.14%
AR	B	-0.12%
ULTA	D	-0.1%