FBCV vs. PWV ETF Comparison

Comparison of Fidelity Blue Chip Value ETF (FBCV) to PowerShares Dynamic LargeCap Value (PWV)

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

$33.81

Average Daily Volume

11,160

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$61.51

Average Daily Volume

32,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FBCV	PWV
30 Days	3.52%	4.38%
60 Days	4.01%	5.52%
90 Days	5.93%	6.26%
12 Months	22.34%	31.14%

17 Overlapping Holdings

Symbol	Grade	Weight in FBCV	Weight in PWV	Overlap
BAC	A	2.36%	3.72%	2.36%
BRK.A	B	2.65%	3.25%	2.65%
CB	C	1.75%	1.4%	1.4%
CI	F	2.77%	1.25%	1.25%
CMI	A	0.41%	1.62%	0.41%
CNC	D	2.14%	1.03%	1.03%
ELV	F	1.36%	0.99%	0.99%
JCI	C	0.76%	1.59%	0.76%
JNJ	D	1.78%	3.0%	1.78%
JPM	A	3.47%	3.5%	3.47%
KO	D	1.38%	2.82%	1.38%
LHX	C	0.64%	1.46%	0.64%
LMT	D	1.24%	1.31%	1.24%
PG	A	1.26%	3.22%	1.26%
PNC	B	1.33%	1.56%	1.33%
WFC	A	1.64%	4.18%	1.64%
XOM	B	4.38%	3.27%	3.27%

FBCV Overweight 67 Positions Relative to PWV

Symbol	Grade	Weight
CMCSA	B	2.85%
UNH	C	2.81%
TRV	B	2.81%
PCG	A	2.45%
DIS	B	2.37%
CSCO	B	2.17%
BLK	C	2.06%
DE	A	2.03%
KVUE	A	1.98%
AZN	D	1.83%
BMY	B	1.7%
HRB	D	1.7%
EIX	B	1.5%
NOC	D	1.38%
CTSH	B	1.35%
GEN	B	1.35%
CVS	D	1.27%
WTW	B	1.23%
KDP	D	1.2%
GILD	C	1.13%
DOX	D	1.13%
NGG	D	1.11%
PNR	A	1.1%
LOW	D	1.06%
USFD	A	1.0%
CF	B	0.99%
HLN	D	0.98%
ROST	C	0.97%
MTB	A	0.96%
FDX	B	0.91%
USB	A	0.87%
MRK	F	0.87%
NTRS	A	0.86%
SRE	A	0.83%
APO	B	0.77%
CCI	D	0.76%
CCEP	C	0.74%
MDLZ	F	0.74%
CCK	C	0.73%
TSN	B	0.72%
RRX	B	0.69%
NEE	D	0.67%
EQNR	D	0.66%
BJ	A	0.63%
DEO	F	0.62%
MMS	F	0.59%
AES	F	0.56%
MU	D	0.5%
OXY	D	0.49%
SPG	B	0.45%
MUSA	A	0.39%
SO	D	0.38%
CHRW	C	0.38%
G	B	0.32%
TPR	B	0.31%
ALSN	B	0.3%
SNY	F	0.3%
OVV	B	0.28%
OTEX	D	0.28%
GEV	B	0.26%
BNTX	D	0.26%
CFR	B	0.21%
OSK	B	0.16%
NXPI	D	0.15%
AVGO	D	0.14%
AR	B	0.12%
ULTA	F	0.1%

FBCV Underweight 32 Positions Relative to PWV

Symbol	Grade	Weight
CVX	A	-3.52%
IBM	C	-3.46%
ABT	B	-3.27%
VZ	C	-3.26%
TXN	C	-3.0%
AMGN	D	-2.81%
ABBV	D	-2.73%
KMI	A	-1.79%
MS	A	-1.77%
OKE	A	-1.75%
COF	B	-1.74%
DELL	C	-1.64%
LNG	B	-1.64%
BK	A	-1.59%
T	A	-1.59%
ET	A	-1.58%
URI	B	-1.53%
GM	B	-1.53%
MET	A	-1.51%
KR	B	-1.5%
CAT	B	-1.49%
EOG	A	-1.46%
PRU	A	-1.45%
AFL	B	-1.41%
VLO	C	-1.37%
RTX	C	-1.37%
AIG	B	-1.37%
PSX	C	-1.34%
KMB	D	-1.3%
MPC	D	-1.28%
LEN	D	-1.26%
DHI	D	-1.19%