YLDE vs. FVAL ETF Comparison

Comparison of ClearBridge Dividend Strategy ESG ETF (YLDE) to Fidelity Value Factor ETF (FVAL)

YLDE

ClearBridge Dividend Strategy ESG ETF

YLDE Description

The investment seeks dividend income, growth of dividend income and long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in dividend-paying stocks or other instruments with similar economic characteristics that offer the potential for income growth and capital appreciation over time and that meet its financial and environmental, social and governance (ESG) criteria. The fund may also invest in companies that the subadviser believes are making substantial progress toward becoming a leader in ESG policies.

Grade (RS Rating)

Last Trade

$53.26

Average Daily Volume

2,882

Number of Holdings ^*

* 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

$63.95

Average Daily Volume

81,691

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	YLDE	FVAL
30 Days	4.38%	4.43%
60 Days	5.91%	5.94%
90 Days	8.70%	8.66%
12 Months	25.46%	29.97%

22 Overlapping Holdings

Symbol	Grade	Weight in YLDE	Weight in FVAL	Overlap
AAPL	A	2.1%	6.68%	2.1%
CMCSA	C	2.98%	0.61%	0.61%
COF	B	2.06%	0.72%	0.72%
FCX	F	0.96%	0.24%	0.24%
GILD	B	0.78%	0.97%	0.78%
GM	C	0.76%	0.67%	0.67%
GOOGL	C	1.88%	3.72%	1.88%
HD	B	1.48%	1.22%	1.22%
HON	B	1.58%	0.68%	0.68%
JNJ	D	1.26%	1.31%	1.26%
JPM	B	3.36%	1.84%	1.84%
LIN	D	2.43%	0.53%	0.53%
MRK	D	1.57%	1.01%	1.01%
MSFT	C	3.69%	6.37%	3.69%
NUE	D	0.85%	0.19%	0.19%
PG	A	1.61%	1.08%	1.08%
PSA	C	1.02%	0.25%	0.25%
TRV	B	2.74%	0.68%	0.68%
UNH	B	1.64%	1.69%	1.64%
UNP	C	1.64%	0.61%	0.61%
UPS	C	0.47%	0.55%	0.47%
V	A	2.77%	1.44%	1.44%

YLDE Overweight 28 Positions Relative to FVAL

Symbol	Grade	Weight
WMB	B	4.25%
SRE	B	3.56%
APO	A	3.25%
BDX	F	2.95%
TMUS	A	2.85%
AVGO	D	2.57%
KMI	B	2.51%
ORCL	B	2.41%
VMC	B	2.3%
MET	A	1.99%
AVB	A	1.91%
KO	D	1.84%
HLN	D	1.73%
AMT	D	1.68%
WM	A	1.55%
SAP	B	1.54%
EQT	B	1.51%
APD	A	1.46%
EIX	A	1.44%
PNC	A	1.3%
DTE	C	1.25%
CSCO	A	1.15%
SBUX	B	1.14%
AZN	D	1.09%
PPG	D	0.88%
AIG	B	0.87%
DIS	B	0.86%
TXN	D	0.65%

YLDE Underweight 102 Positions Relative to FVAL

Symbol	Grade	Weight
NVDA	C	-7.33%
AMZN	B	-3.88%
META	D	-2.55%
BRK.A	B	-2.07%
CRM	B	-1.46%
ACN	B	-1.15%
XOM	C	-1.14%
BAC	A	-1.13%
ABBV	D	-1.11%
IBM	C	-1.09%
WFC	A	-1.08%
WMT	A	-1.07%
QCOM	F	-1.0%
BMY	B	-0.98%
ZM	B	-0.98%
BKNG	A	-0.87%
MU	D	-0.85%
UAL	B	-0.84%
MCD	D	-0.84%
AXP	A	-0.83%
CI	D	-0.81%
HPE	B	-0.81%
INTC	D	-0.77%
CAT	B	-0.77%
CTSH	A	-0.76%
C	B	-0.74%
CVS	D	-0.71%
DFS	B	-0.68%
SYF	A	-0.67%
ELV	F	-0.67%
CVX	A	-0.67%
EXPE	B	-0.66%
DAL	B	-0.64%
ADP	A	-0.64%
T	A	-0.62%
VZ	B	-0.61%
RPRX	D	-0.61%
DE	B	-0.59%
SWKS	D	-0.56%
JXN	B	-0.56%
LMT	D	-0.56%
PRU	A	-0.56%
LVS	C	-0.55%
MO	A	-0.55%
CNC	F	-0.54%
RNR	C	-0.54%
PCAR	B	-0.53%
KVUE	A	-0.52%
CMI	A	-0.52%
F	C	-0.51%
OZK	B	-0.51%
EBAY	C	-0.51%
EG	C	-0.5%
WYNN	D	-0.5%
MMM	C	-0.5%
G	B	-0.49%
TGT	F	-0.48%
FDX	B	-0.48%
NEE	D	-0.46%
RHI	C	-0.44%
KR	A	-0.43%
OC	B	-0.42%
KMB	C	-0.41%
COP	D	-0.4%
M	D	-0.39%
AGCO	D	-0.38%
ADM	D	-0.35%
ACI	C	-0.34%
DUK	C	-0.34%
PLD	D	-0.32%
BG	D	-0.32%
EOG	C	-0.31%
PCG	A	-0.29%
PARA	D	-0.28%
SPG	A	-0.27%
EXC	C	-0.26%
ATKR	C	-0.26%
NRG	B	-0.26%
AEP	C	-0.26%
MPC	D	-0.24%
O	D	-0.23%
CBRE	A	-0.23%
VLO	C	-0.22%
NFG	B	-0.2%
VICI	C	-0.2%
NEM	F	-0.19%
BXP	C	-0.18%
DVN	F	-0.18%
CF	B	-0.18%
STLD	B	-0.18%
UGI	A	-0.18%
HST	C	-0.17%
JLL	B	-0.17%
WPC	D	-0.16%
ARE	D	-0.16%
GLPI	B	-0.16%
DOW	F	-0.16%
LYB	F	-0.15%
CIVI	F	-0.13%
MOS	F	-0.13%
MUR	F	-0.13%
CLF	F	-0.11%