BINV vs. FFLC ETF Comparison

Comparison of Brandes International ETF (BINV) to Fidelity Fundamental Large Cap Core ETF (FFLC)

BINV

Brandes International ETF

BINV Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to attain its investment objective by investing primarily in equity securities of foreign companies. The fund typically invests in foreign companies with market capitalizations (market value of publicly traded equity securities) greater than $5 billion at the time of purchase.

Grade (RS Rating)

Last Trade

$30.29

Average Daily Volume

19,284

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	BINV	FFLC
30 Days	-5.02%	1.03%
60 Days	-5.41%	3.95%
90 Days	-5.40%	6.08%
12 Months	14.06%	37.00%

3 Overlapping Holdings

Symbol	Grade	Weight in BINV	Weight in FFLC	Overlap
GSK	F	2.29%	0.3%	0.3%
SAP	B	1.68%	1.15%	1.15%
TSM	B	0.64%	0.97%	0.64%

BINV Overweight 15 Positions Relative to FFLC

Symbol	Grade	Weight
BABA	D	2.81%
ERJ	A	2.42%
GRFS	C	2.02%
ABEV	F	1.76%
SNN	D	1.65%
BCS	A	1.51%
NVS	F	1.42%
PHG	C	1.35%
CX	F	1.32%
E	F	1.2%
OTEX	F	1.15%
HMC	F	1.13%
MUFG	B	1.05%
SHG	C	0.78%
VIV	F	0.78%

BINV Underweight 84 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%
XOM	B	-2.88%
BAC	A	-2.18%
AVGO	D	-1.98%
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%
CSCO	B	-1.1%
LOW	C	-1.06%
CEG	C	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	F	-1.0%
INTU	B	-1.0%
ORCL	A	-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%
COST	A	-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%
MAR	A	-0.42%
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%
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%
LNG	A	-0.03%
MRVL	B	-0.02%