FELC vs. ACWV ETF Comparison

Comparison of Fidelity Enhanced Large Cap Core ETF (FELC) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. 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

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	FELC	ACWV
30 Days	3.27%	0.32%
60 Days	5.09%	-0.25%
90 Days	6.09%	1.23%
12 Months	33.74%	18.77%

46 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in ACWV	Overlap
ABBV	D	1.02%	0.49%	0.49%
ABT	B	0.56%	0.1%	0.1%
AMGN	D	0.33%	0.34%	0.33%
ANET	C	0.11%	0.06%	0.06%
AON	A	0.35%	0.35%	0.35%
BDX	F	0.62%	0.22%	0.22%
BMY	B	0.75%	0.25%	0.25%
BRK.A	B	2.25%	0.91%	0.91%
CAH	B	0.31%	0.18%	0.18%
CI	F	0.63%	0.24%	0.24%
CL	D	0.47%	0.35%	0.35%
CME	A	0.5%	0.23%	0.23%
CSCO	B	0.66%	1.57%	0.66%
ED	D	0.15%	0.84%	0.15%
GILD	C	0.74%	0.48%	0.48%
INCY	C	0.28%	0.38%	0.28%
JNJ	D	0.74%	1.05%	0.74%
KR	B	0.03%	0.83%	0.03%
LLY	F	0.76%	0.52%	0.52%
LMT	D	0.71%	0.23%	0.23%
MA	C	1.36%	0.19%	0.19%
MCK	B	0.06%	1.42%	0.06%
MKL	A	0.08%	0.43%	0.08%
MMC	B	0.29%	0.88%	0.29%
MRK	F	0.99%	1.06%	0.99%
MSFT	F	5.68%	0.76%	0.76%
MSI	B	0.5%	1.88%	0.5%
NBIX	C	0.11%	0.31%	0.11%
NOC	D	0.6%	0.77%	0.6%
ORCL	B	0.05%	0.54%	0.05%
PEP	F	0.05%	1.08%	0.05%
PG	A	0.72%	0.82%	0.72%
PGR	A	0.74%	0.84%	0.74%
RSG	A	0.24%	1.19%	0.24%
T	A	0.73%	0.26%	0.26%
TJX	A	0.59%	0.37%	0.37%
TMUS	B	0.31%	2.03%	0.31%
TRV	B	0.43%	0.32%	0.32%
UNH	C	0.57%	0.83%	0.57%
V	A	0.82%	0.59%	0.59%
VZ	C	0.06%	0.76%	0.06%
WDAY	B	0.16%	0.1%	0.1%
WM	A	0.32%	1.5%	0.32%
WMT	A	1.14%	1.82%	1.14%
WTW	B	0.14%	0.1%	0.1%
XOM	B	1.56%	0.1%	0.1%

FELC Overweight 124 Positions Relative to ACWV

Symbol	Grade	Weight
NVDA	C	7.39%
AAPL	C	7.38%
AMZN	C	3.93%
META	D	2.89%
GOOGL	C	2.05%
JPM	A	1.94%
GOOG	C	1.9%
AVGO	D	1.72%
TSLA	B	1.31%
NFLX	A	1.3%
HD	A	1.29%
BAC	A	1.2%
CRM	B	1.15%
PM	B	0.94%
ADBE	C	0.94%
QCOM	F	0.88%
CMCSA	B	0.86%
NEE	D	0.84%
SCHW	B	0.8%
UNP	C	0.76%
RTX	C	0.7%
CTAS	B	0.69%
AMAT	F	0.68%
MU	D	0.66%
DIS	B	0.65%
ECL	D	0.63%
KLAC	D	0.63%
SPG	B	0.59%
SQ	B	0.58%
CAT	B	0.57%
CVNA	B	0.55%
NOW	A	0.55%
EOG	A	0.54%
CSX	B	0.54%
DVN	F	0.53%
PCAR	B	0.52%
TXT	D	0.52%
DBX	B	0.52%
TT	A	0.52%
ZM	B	0.51%
IGT	F	0.46%
EXEL	B	0.45%
LRCX	F	0.44%
ANF	C	0.42%
PFE	D	0.42%
CACI	D	0.4%
GE	D	0.39%
SSNC	B	0.38%
NSC	B	0.38%
TDC	D	0.37%
CMG	B	0.35%
PYPL	B	0.34%
MSCI	C	0.33%
TMO	F	0.33%
ALLE	D	0.33%
SPGI	C	0.31%
MS	A	0.31%
COST	B	0.31%
AXP	A	0.31%
TROW	B	0.31%
PPG	F	0.3%
SEIC	B	0.3%
MGM	D	0.3%
CCL	B	0.26%
CVS	D	0.25%
LDOS	C	0.24%
AMT	D	0.24%
SKYW	B	0.23%
GAP	C	0.22%
GRMN	B	0.22%
IDXX	F	0.22%
LHX	C	0.21%
LYFT	C	0.21%
GL	B	0.21%
MEDP	D	0.21%
ADP	B	0.2%
ALRM	C	0.2%
NUE	C	0.2%
OXY	D	0.19%
DASH	A	0.18%
FTNT	C	0.15%
GS	A	0.15%
UBER	D	0.14%
MMM	D	0.13%
BKNG	A	0.13%
TWLO	A	0.13%
UNM	A	0.12%
PNC	B	0.12%
VST	B	0.12%
QRVO	F	0.12%
NRG	B	0.11%
CLX	B	0.11%
BK	A	0.11%
F	C	0.11%
BLD	D	0.11%
LNW	D	0.11%
BBWI	D	0.11%
BIIB	F	0.1%
PEGA	A	0.1%
WFC	A	0.1%
HWM	A	0.1%
PSA	D	0.09%
SOLV	C	0.09%
VEEV	C	0.08%
FR	C	0.08%
ZBRA	B	0.06%
DHI	D	0.06%
STLD	B	0.06%
AXTA	A	0.05%
SCCO	F	0.05%
PLTK	B	0.04%
ROST	C	0.04%
GEHC	F	0.04%
SYK	C	0.03%
SWKS	F	0.03%
A	D	0.03%
CRUS	D	0.03%
LPLA	A	0.03%
GPN	B	0.02%
C	A	0.02%
DOCU	A	0.02%
WBD	C	0.01%
AES	F	0.01%
CVX	A	0.01%

FELC Underweight 93 Positions Relative to ACWV

Symbol	Grade	Weight
ROP	B	-1.36%
VRTX	F	-1.13%
COR	B	-1.05%
MCD	D	-1.02%
CB	C	-0.88%
DUK	C	-0.81%
SO	D	-0.8%
AZO	C	-0.77%
IBM	C	-0.73%
WEC	A	-0.68%
GDDY	A	-0.64%
EA	A	-0.63%
ORLY	B	-0.62%
REGN	F	-0.61%
GIS	D	-0.61%
K	A	-0.57%
ACGL	D	-0.57%
CBOE	B	-0.54%
APH	A	-0.54%
FI	A	-0.48%
CHD	B	-0.46%
HSY	F	-0.44%
ELV	F	-0.42%
WRB	A	-0.41%
KEYS	A	-0.41%
L	A	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
CHT	D	-0.37%
BAH	F	-0.37%
KDP	D	-0.36%
FFIV	B	-0.36%
VRSN	F	-0.35%
KHC	F	-0.33%
AJG	B	-0.33%
TSN	B	-0.32%
JNPR	F	-0.32%
HUM	C	-0.31%
BRO	B	-0.3%
GEN	B	-0.3%
KMB	D	-0.3%
AKAM	D	-0.27%
SJM	D	-0.27%
ACN	C	-0.26%
ERIE	D	-0.26%
MDLZ	F	-0.25%
CF	B	-0.25%
YUM	B	-0.24%
FCNCA	A	-0.23%
HRL	D	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
CPB	D	-0.22%
CTSH	B	-0.21%
ROL	B	-0.21%
MFG	B	-0.21%
JKHY	D	-0.2%
BMRN	D	-0.19%
DPZ	C	-0.19%
GD	F	-0.18%
LNG	B	-0.16%
ULTA	F	-0.16%
CMS	C	-0.16%
MPC	D	-0.15%
DGX	A	-0.15%
AIZ	A	-0.13%
WIT	A	-0.12%
CTVA	C	-0.12%
MOH	F	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
PCG	A	-0.1%
TPL	A	-0.1%
NEM	D	-0.09%
TRGP	B	-0.08%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
CHRW	C	-0.06%
CAG	D	-0.05%
GPC	D	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
KO	D	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%