DVAL vs. FELV ETF Comparison

Comparison of Dynamic US Large Cap Value ETF (DVAL) to Fidelity Enhanced Large Cap Value ETF (FELV)

DVAL

Dynamic US Large Cap Value ETF

DVAL Description

Dynamic US Large Cap Value ETF is an exchange traded fund launched by Franklin Resources, Inc. It is managed by Franklin Advisers, Inc. and Brandywine Global Investment Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in value stocks of large-cap companies, within the market capitalization range of the Russell 1000 Index. The fund employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Russell 1000 Value Index and the S&P 500 Index. It employs proprietary research to create its portfolio. Dynamic US Large Cap Value ETF was formed on December 27, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

7,020

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

Performance

Period	DVAL	FELV
30 Days	4.63%	4.38%
60 Days	5.94%	5.85%
90 Days	7.93%	7.57%
12 Months	28.10%	29.90%

44 Overlapping Holdings

Symbol	Grade	Weight in DVAL	Weight in FELV	Overlap
AM	A	0.25%	0.04%	0.04%
AMGN	D	0.63%	0.15%	0.15%
AXP	A	1.5%	0.2%	0.2%
BCC	B	0.26%	0.11%	0.11%
BERY	B	0.52%	0.02%	0.02%
BLD	D	0.2%	0.11%	0.11%
BLDR	D	1.86%	0.01%	0.01%
BMY	B	0.68%	0.84%	0.68%
BYD	C	0.13%	0.07%	0.07%
CAT	B	3.17%	0.54%	0.54%
CMCSA	B	4.34%	1.13%	1.13%
COP	C	3.1%	0.56%	0.56%
CSCO	B	3.43%	1.07%	1.07%
CVX	A	2.2%	0.53%	0.53%
DIS	B	0.52%	0.8%	0.52%
EOG	A	0.53%	0.53%	0.53%
FANG	D	0.15%	0.09%	0.09%
GIS	D	0.95%	0.05%	0.05%
HON	B	3.53%	0.08%	0.08%
IBM	C	4.21%	0.27%	0.27%
INGR	B	0.17%	0.04%	0.04%
JNJ	D	1.56%	1.02%	1.02%
KHC	F	0.98%	0.12%	0.12%
LMT	D	4.4%	0.64%	0.64%
MGM	D	0.76%	0.21%	0.21%
MMM	D	1.33%	0.6%	0.6%
NUE	C	1.15%	0.34%	0.34%
OC	A	0.9%	0.22%	0.22%
PCAR	B	1.2%	0.39%	0.39%
PG	A	0.96%	1.24%	0.96%
PHM	D	1.05%	0.01%	0.01%
PYPL	B	2.36%	0.79%	0.79%
STLD	B	1.41%	0.33%	0.33%
TMUS	B	3.65%	0.56%	0.56%
TOL	B	0.31%	0.28%	0.28%
TPR	B	0.09%	0.1%	0.09%
TRGP	B	0.37%	0.09%	0.09%
TRMB	B	0.41%	0.05%	0.05%
TXT	D	0.5%	0.53%	0.5%
VZ	C	0.43%	0.68%	0.43%
WCC	B	0.0%	0.07%	0.0%
WFC	A	0.71%	1.22%	0.71%
WMB	A	1.32%	0.12%	0.12%
WMT	A	1.37%	1.76%	1.37%

DVAL Overweight 66 Positions Relative to FELV

Symbol	Grade	Weight
DE	A	3.88%
GM	B	3.32%
MPC	D	2.74%
LYB	F	1.44%
VLO	C	1.26%
CSL	C	1.06%
EXPD	D	1.04%
RS	B	0.97%
SCI	B	0.93%
JBL	B	0.89%
CF	B	0.83%
EBAY	D	0.78%
NRG	B	0.77%
CRBG	B	0.74%
PSX	C	0.71%
BG	F	0.7%
DRI	B	0.67%
MLM	B	0.66%
EXPE	B	0.66%
ORI	A	0.65%
IPG	D	0.65%
MRO	B	0.64%
NVR	D	0.64%
AN	C	0.62%
CPAY	A	0.6%
EQH	B	0.6%
AFG	A	0.58%
FOXA	B	0.51%
WH	B	0.49%
EVR	B	0.48%
ARMK	B	0.47%
OMF	A	0.45%
SYY	B	0.45%
MTG	C	0.45%
NXST	C	0.42%
AMG	B	0.4%
FLEX	A	0.4%
MRK	F	0.35%
BC	C	0.35%
RL	B	0.33%
KBH	D	0.33%
DVA	B	0.31%
SAIC	F	0.31%
MUSA	A	0.29%
R	B	0.28%
DKS	C	0.27%
RHI	B	0.26%
EMN	D	0.23%
AOS	F	0.23%
COKE	C	0.22%
EXP	A	0.22%
PVH	C	0.19%
H	B	0.18%
SNX	C	0.18%
CBT	C	0.17%
CNM	D	0.17%
MDU	D	0.14%
NEU	C	0.14%
FMC	D	0.13%
WEX	D	0.13%
CHX	C	0.1%
GPK	C	0.1%
RDN	C	0.08%
OMC	C	0.05%
WSC	D	0.04%
VOYA	B	0.04%

DVAL Underweight 288 Positions Relative to FELV

Symbol	Grade	Weight
BRK.A	B	-3.64%
JPM	A	-2.93%
XOM	B	-2.51%
BAC	A	-1.77%
UNH	C	-1.57%
PM	B	-1.31%
GE	D	-1.05%
T	A	-1.02%
GILD	C	-0.92%
SCHW	B	-0.88%
MU	D	-0.86%
PFE	D	-0.85%
ABBV	D	-0.85%
INTC	D	-0.85%
NEE	D	-0.81%
ETN	A	-0.76%
UNP	C	-0.75%
BDX	F	-0.74%
TMO	F	-0.73%
SQ	B	-0.7%
PNC	B	-0.7%
RTX	C	-0.7%
RSG	A	-0.66%
NOC	D	-0.63%
SPGI	C	-0.63%
BK	A	-0.63%
CVNA	B	-0.62%
CI	F	-0.6%
AON	A	-0.59%
SEIC	B	-0.58%
PPG	F	-0.57%
CCI	D	-0.57%
CME	A	-0.57%
NSC	B	-0.57%
ABT	B	-0.54%
CL	D	-0.54%
ALLE	D	-0.54%
MS	A	-0.54%
ZM	B	-0.52%
PSA	D	-0.52%
TT	A	-0.52%
ECL	D	-0.5%
QCOM	F	-0.5%
SSNC	B	-0.5%
DD	D	-0.48%
C	A	-0.48%
LDOS	C	-0.47%
COF	B	-0.47%
CACI	D	-0.46%
LIN	D	-0.46%
LHX	C	-0.45%
HD	A	-0.45%
WAB	B	-0.45%
CTAS	B	-0.43%
DBX	B	-0.42%
AMAT	F	-0.42%
MDT	D	-0.4%
PCG	A	-0.39%
UNM	A	-0.38%
MMC	B	-0.38%
ADBE	C	-0.37%
BLK	C	-0.37%
IGT	F	-0.36%
L	A	-0.35%
PGR	A	-0.35%
EXEL	B	-0.35%
TPH	D	-0.35%
EVRG	A	-0.35%
BRX	A	-0.35%
CMI	A	-0.34%
CSX	B	-0.34%
ACN	C	-0.34%
GS	A	-0.34%
DVN	F	-0.34%
FTV	C	-0.33%
LPX	B	-0.33%
F	C	-0.33%
ZBRA	B	-0.32%
KR	B	-0.31%
CVS	D	-0.3%
CAH	B	-0.3%
TWLO	A	-0.3%
BIIB	F	-0.3%
FR	C	-0.28%
MCD	D	-0.28%
VMC	B	-0.28%
DUK	C	-0.28%
VEEV	C	-0.28%
MO	A	-0.28%
MA	C	-0.28%
GL	B	-0.28%
TRV	B	-0.28%
GEV	B	-0.28%
ANF	C	-0.28%
TJX	A	-0.28%
TDC	D	-0.27%
SYK	C	-0.26%
AME	A	-0.26%
WTW	B	-0.26%
VICI	C	-0.25%
CLX	B	-0.25%
GAP	C	-0.25%
XEL	A	-0.25%
SEE	C	-0.25%
FLS	B	-0.25%
WM	A	-0.25%
EXC	C	-0.24%
KMI	A	-0.24%
TFC	A	-0.24%
CNC	D	-0.23%
CINF	A	-0.22%
ED	D	-0.22%
Z	A	-0.22%
DOCU	A	-0.22%
CRM	B	-0.22%
DOC	D	-0.22%
INCY	C	-0.22%
SKYW	B	-0.21%
META	D	-0.21%
HPE	B	-0.21%
JCI	C	-0.21%
VMI	B	-0.2%
MSI	B	-0.2%
EQIX	A	-0.2%
PNR	A	-0.19%
NFLX	A	-0.19%
DTE	C	-0.19%
USFD	A	-0.19%
FTI	A	-0.19%
ALL	A	-0.19%
BSX	B	-0.19%
MSCI	C	-0.19%
AAPL	C	-0.19%
KEY	B	-0.18%
SPG	B	-0.18%
ITT	A	-0.18%
ICE	C	-0.18%
TMHC	B	-0.18%
ZG	A	-0.18%
EIX	B	-0.17%
NVDA	C	-0.17%
DHR	F	-0.17%
PRU	A	-0.17%
IQV	D	-0.17%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-0.17%
CEG	D	-0.17%
EQR	B	-0.17%
GEHC	F	-0.16%
TAP	C	-0.16%
QGEN	D	-0.16%
MEDP	D	-0.16%
TXN	C	-0.16%
CCK	C	-0.16%
AES	F	-0.16%
PFG	D	-0.16%
BBY	D	-0.15%
STT	A	-0.15%
CNP	B	-0.15%
ILMN	D	-0.15%
JXN	C	-0.15%
RCL	A	-0.15%
OXY	D	-0.15%
WDC	D	-0.14%
KMB	D	-0.14%
AMT	D	-0.14%
HUM	C	-0.14%
GD	F	-0.14%
HAL	C	-0.13%
PKG	A	-0.13%
WDAY	B	-0.13%
SWKS	F	-0.13%
CCL	B	-0.13%
ES	D	-0.13%
TROW	B	-0.13%
PH	A	-0.12%
SOLV	C	-0.12%
NTAP	C	-0.12%
ITW	B	-0.12%
AVGO	D	-0.12%
SO	D	-0.12%
EEFT	B	-0.12%
HWM	A	-0.12%
UHS	D	-0.12%
AIZ	A	-0.11%
QRVO	F	-0.11%
EA	A	-0.11%
ENS	D	-0.11%
ROST	C	-0.11%
GRMN	B	-0.11%
ELV	F	-0.11%
AMH	D	-0.11%
BMRN	D	-0.11%
ADTN	A	-0.1%
ADM	D	-0.1%
BKR	B	-0.1%
CRC	B	-0.1%
ADP	B	-0.1%
PEG	A	-0.1%
MHO	D	-0.1%
A	D	-0.09%
CNO	A	-0.09%
MTDR	B	-0.09%
WBD	C	-0.09%
KD	B	-0.09%
GPN	B	-0.09%
ACT	D	-0.09%
MCK	B	-0.09%
VRTX	F	-0.09%
CRUS	D	-0.09%
AMZN	C	-0.08%
TENB	C	-0.08%
DASH	A	-0.08%
MKC	D	-0.08%
DELL	C	-0.08%
LH	C	-0.08%
BBWI	D	-0.08%
IFF	D	-0.08%
ALRM	C	-0.08%
AEP	D	-0.08%
VST	B	-0.07%
CMG	B	-0.07%
REG	B	-0.07%
LYFT	C	-0.07%
LOW	D	-0.07%
NWL	B	-0.06%
NWSA	B	-0.06%
EW	C	-0.06%
UPS	C	-0.06%
LEG	F	-0.06%
ARW	D	-0.06%
VSTS	C	-0.06%
MDLZ	F	-0.06%
OGE	B	-0.06%
NMRK	B	-0.06%
DFS	B	-0.05%
SAM	C	-0.05%
CTRA	B	-0.05%
FHI	A	-0.05%
GLPI	C	-0.05%
CW	B	-0.05%
PLTK	B	-0.05%
NEM	D	-0.05%
ADI	D	-0.04%
VLTO	D	-0.04%
VAC	B	-0.04%
CSGP	D	-0.04%
HL	D	-0.04%
CWEN	C	-0.04%
BKH	A	-0.04%
CTRE	D	-0.04%
AXTA	A	-0.03%
MSA	D	-0.03%
SYF	B	-0.03%
TFX	F	-0.03%
KLAC	D	-0.03%
UAL	A	-0.03%
RGA	A	-0.03%
EXTR	B	-0.03%
WS	B	-0.03%
RJF	A	-0.03%
ALKS	B	-0.03%
DHI	D	-0.03%
NWS	B	-0.03%
MATX	C	-0.03%
AMD	F	-0.02%
CWEN	C	-0.02%
AYI	B	-0.02%
SWI	B	-0.02%
OKTA	C	-0.02%
OGN	D	-0.02%
ITRI	B	-0.02%
BIO	D	-0.02%
WOOF	D	-0.02%
MWA	B	-0.01%
TNL	A	-0.01%
TGT	F	-0.01%
FTDR	A	-0.01%
MUR	D	-0.01%
CXT	B	-0.01%
ROP	B	-0.01%
DGX	A	-0.01%
ANSS	B	-0.01%
AXS	A	-0.01%
SON	D	-0.01%
GLW	B	-0.01%
M	D	-0.01%