FDMO vs. FLSP ETF Comparison

Comparison of Fidelity Momentum Factor ETF (FDMO) to Franklin Liberty Systematic Style Premia ETF (FLSP)

FDMO

Fidelity Momentum Factor ETF

FDMO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Momentum Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals.

Grade (RS Rating)

Last Trade

$71.42

Average Daily Volume

35,646

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	FDMO	FLSP
30 Days	6.00%	0.69%
60 Days	8.27%	0.06%
90 Days	10.44%	0.73%
12 Months	42.98%	6.54%

33 Overlapping Holdings

Symbol	Grade	Weight in FDMO	Weight in FLSP	Overlap
ABBV	D	1.08%	0.59%	0.59%
APP	B	1.27%	0.31%	0.31%
BK	A	0.7%	0.31%	0.31%
BKNG	A	0.66%	0.87%	0.66%
CL	D	0.33%	0.36%	0.33%
CTAS	B	0.54%	0.35%	0.35%
EBAY	D	0.42%	0.18%	0.18%
FICO	B	0.86%	0.34%	0.34%
FIS	C	0.65%	0.26%	0.26%
GDDY	A	0.78%	0.15%	0.15%
GM	B	0.5%	0.36%	0.36%
HCA	F	0.78%	0.36%	0.36%
HD	A	1.08%	0.28%	0.28%
HIG	B	0.67%	0.19%	0.19%
KMB	D	0.28%	0.23%	0.23%
LDOS	C	0.38%	0.13%	0.13%
LIN	D	0.51%	0.13%	0.13%
META	D	2.39%	0.45%	0.45%
MSFT	F	6.21%	0.57%	0.57%
MSI	B	0.88%	0.48%	0.48%
NFLX	A	0.88%	0.45%	0.45%
NRG	B	0.24%	0.12%	0.12%
NVDA	C	6.97%	0.62%	0.62%
PG	A	0.92%	0.13%	0.13%
PKG	A	0.16%	0.11%	0.11%
RCL	A	0.48%	0.21%	0.21%
RTX	C	0.66%	0.34%	0.34%
SPG	B	0.25%	0.35%	0.25%
T	A	0.52%	0.63%	0.52%
TJX	A	0.61%	0.75%	0.61%
UBER	D	0.67%	0.49%	0.49%
VST	B	0.31%	0.29%	0.29%
WMT	A	0.86%	0.75%	0.75%

FDMO Overweight 89 Positions Relative to FLSP

Symbol	Grade	Weight
AAPL	C	6.8%
AMZN	C	3.76%
GOOGL	C	3.54%
BRK.A	B	2.14%
AVGO	D	2.03%
TSLA	B	2.03%
JPM	A	1.88%
LLY	F	1.68%
PLTR	B	1.3%
BAC	A	1.21%
XOM	B	1.12%
COIN	C	1.09%
ISRG	A	1.06%
GS	A	0.99%
BSX	B	0.95%
DHR	F	0.92%
COST	B	0.92%
AXP	A	0.9%
NTRA	B	0.87%
PGR	A	0.87%
HOOD	B	0.83%
ANET	C	0.82%
KKR	A	0.8%
QTWO	A	0.78%
CVLT	B	0.74%
GKOS	B	0.74%
GE	D	0.74%
CAT	B	0.73%
RVMD	C	0.73%
SYF	B	0.72%
THC	D	0.72%
RNA	D	0.7%
CVX	A	0.67%
EVR	B	0.67%
KO	D	0.61%
TT	A	0.59%
JXN	C	0.59%
MPWR	F	0.56%
PM	B	0.55%
HWM	A	0.52%
CARR	D	0.51%
VRT	B	0.51%
URI	B	0.5%
TDG	D	0.5%
FIX	A	0.47%
NEE	D	0.47%
EME	C	0.47%
TMUS	B	0.45%
MLI	C	0.44%
ZETA	D	0.43%
DY	D	0.42%
TRU	D	0.4%
SN	D	0.39%
CVNA	B	0.38%
MO	A	0.37%
DUK	C	0.35%
TTD	B	0.32%
LUMN	C	0.32%
WMB	A	0.3%
OKE	A	0.3%
SHW	A	0.29%
CEG	D	0.29%
KMI	A	0.28%
PEG	A	0.28%
WELL	A	0.28%
AEP	D	0.28%
TRGP	B	0.27%
FRPT	B	0.24%
TPL	A	0.24%
PSA	D	0.24%
DLR	B	0.24%
SFM	A	0.24%
ECL	D	0.23%
CBRE	B	0.21%
NEM	D	0.2%
DTM	B	0.2%
EXR	D	0.2%
IRM	D	0.19%
EQR	B	0.19%
FTI	A	0.19%
ESS	B	0.18%
SW	A	0.17%
JLL	D	0.16%
CRS	A	0.16%
IFF	D	0.15%
SLG	B	0.15%
VNO	B	0.15%
LPX	B	0.15%
ATI	D	0.14%

FDMO Underweight 150 Positions Relative to FLSP

Symbol	Grade	Weight
ADBE	C	-0.91%
QCOM	F	-0.83%
MA	C	-0.77%
NOW	A	-0.75%
CRM	B	-0.7%
INTU	C	-0.68%
AMAT	F	-0.66%
GILD	C	-0.61%
MDT	D	-0.6%
BMY	B	-0.59%
VRTX	F	-0.49%
NVS	D	-0.48%
PYPL	B	-0.45%
EOG	A	-0.44%
CMCSA	B	-0.42%
MMM	D	-0.41%
ADSK	A	-0.36%
TMO	F	-0.34%
AFL	B	-0.33%
REGN	F	-0.33%
FTNT	C	-0.32%
CDNS	B	-0.32%
CSX	B	-0.31%
LNG	B	-0.29%
MPC	D	-0.27%
FDX	B	-0.27%
CMI	A	-0.25%
VLO	C	-0.25%
KR	B	-0.24%
PH	A	-0.23%
A	D	-0.23%
PSX	C	-0.23%
EA	A	-0.23%
BCS	C	-0.23%
CI	F	-0.22%
CPRT	A	-0.22%
AMP	A	-0.22%
MET	A	-0.21%
AIG	B	-0.21%
CTSH	B	-0.21%
SNPS	B	-0.2%
HPQ	B	-0.2%
VICI	C	-0.19%
TGT	F	-0.19%
SE	B	-0.18%
APH	A	-0.18%
IQV	D	-0.17%
STT	A	-0.17%
LULU	C	-0.16%
ADM	D	-0.16%
TROW	B	-0.16%
DECK	A	-0.16%
NTAP	C	-0.16%
IR	B	-0.16%
MELI	D	-0.16%
MS	A	-0.15%
SYY	B	-0.15%
MTD	D	-0.15%
ANSS	B	-0.14%
WAT	B	-0.14%
PCAR	B	-0.14%
EXPE	B	-0.14%
IDXX	F	-0.14%
NUE	C	-0.14%
AWK	D	-0.13%
CNC	D	-0.13%
DVN	F	-0.13%
AVB	B	-0.13%
TYL	B	-0.13%
CBOE	B	-0.12%
K	A	-0.12%
VTR	C	-0.12%
CAH	B	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
LYV	A	-0.12%
BR	A	-0.12%
VEEV	C	-0.12%
BBY	D	-0.11%
CSL	C	-0.11%
STX	D	-0.11%
HOLX	D	-0.11%
LII	A	-0.11%
STLD	B	-0.11%
GOOG	C	-0.11%
WSM	B	-0.11%
LVS	C	-0.11%
LYB	F	-0.11%
PHM	D	-0.11%
MRO	B	-0.1%
EL	F	-0.1%
JBL	B	-0.1%
MAS	D	-0.1%
MOH	F	-0.1%
RS	B	-0.1%
CF	B	-0.1%
UTHR	C	-0.1%
VRSN	F	-0.1%
BLDR	D	-0.1%
PTC	A	-0.1%
DOCU	A	-0.1%
SNA	A	-0.1%
FE	C	-0.1%
ZM	B	-0.1%
GEN	B	-0.1%
UDR	B	-0.09%
L	A	-0.09%
TWLO	A	-0.09%
ROL	B	-0.09%
VTRS	A	-0.09%
EQH	B	-0.09%
SSNC	B	-0.09%
TXT	D	-0.09%
OC	A	-0.09%
EXPD	D	-0.09%
MANH	D	-0.09%
AVTR	F	-0.08%
DT	C	-0.08%
OVV	B	-0.08%
CHRW	C	-0.08%
FFIV	B	-0.08%
REG	B	-0.08%
SWKS	F	-0.08%
DPZ	C	-0.08%
NBIX	C	-0.08%
PAYC	B	-0.07%
FOXA	B	-0.07%
TAP	C	-0.07%
DKS	C	-0.07%
INCY	C	-0.07%
BG	F	-0.07%
GLPI	C	-0.07%
UHS	D	-0.07%
ACI	C	-0.06%
MKTX	D	-0.06%
MTCH	D	-0.06%
CHKP	D	-0.06%
TER	D	-0.06%
SEIC	B	-0.06%
RPRX	D	-0.06%
AIZ	A	-0.06%
RPM	A	-0.05%
AER	B	-0.05%
WYNN	D	-0.05%
MGM	D	-0.05%
MOS	F	-0.05%
CRBG	B	-0.05%
ON	D	-0.04%
COR	B	-0.04%
HII	D	-0.04%