FELC vs. FPAG ETF Comparison

Comparison of Fidelity Enhanced Large Cap Core ETF (FELC) to FPA Global Equity ETF (FPAG)

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

$32.29

Average Daily Volume

567,155

Number of Holdings ^*

167

* may have additional holdings in another (foreign) market

FPAG

FPA Global Equity ETF

FPAG Description

Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.80

Average Daily Volume

28,462

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELC	FPAG
30 Days	0.48%	0.01%
60 Days	7.05%	5.72%
90 Days	11.17%	7.82%
12 Months		29.27%

11 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in FPAG	Overlap
AMZN	A	3.4%	3.39%	3.39%
AON	B	0.39%	2.69%	0.39%
AVGO	B	1.91%	2.26%	1.91%
C	B	0.02%	4.88%	0.02%
CMCSA	B	0.84%	4.78%	0.84%
GOOG	B	1.82%	4.17%	1.82%
GOOGL	B	1.96%	6.38%	1.96%
HWM	B	0.09%	1.29%	0.09%
META	B	3.03%	5.35%	3.03%
NFLX	A	1.19%	0.66%	0.66%
UBER	C	0.41%	1.16%	0.41%

FELC Overweight 156 Positions Relative to FPAG

Symbol	Grade	Weight
AAPL	C	7.62%
NVDA	B	7.6%
MSFT	D	5.93%
BRK.A	D	2.18%
JPM	B	1.82%
XOM	B	1.57%
MA	B	1.35%
HD	B	1.27%
ABBV	B	1.17%
WMT	A	1.14%
CRM	B	1.11%
BAC	B	1.09%
LLY	F	0.95%
PM	A	0.94%
ADBE	D	0.93%
CAT	B	0.91%
TSLA	B	0.89%
QCOM	F	0.89%
MRK	F	0.87%
T	B	0.8%
SPGI	D	0.79%
JNJ	D	0.78%
GILD	A	0.78%
RTX	C	0.77%
UNP	D	0.76%
AMAT	D	0.76%
NEE	D	0.75%
LMT	D	0.74%
PG	D	0.73%
PGR	C	0.72%
SCHW	B	0.71%
BMY	A	0.69%
TMO	D	0.69%
CTAS	B	0.67%
CSCO	A	0.65%
ECL	D	0.63%
BDX	D	0.63%
CI	D	0.63%
NOC	D	0.63%
PYPL	B	0.62%
CSX	D	0.6%
CL	D	0.59%
TJX	D	0.57%
SPG	A	0.57%
UNH	D	0.57%
ABT	A	0.56%
CVNA	B	0.56%
MU	C	0.56%
DIS	C	0.55%
SQ	C	0.55%
DVN	F	0.54%
DBX	B	0.54%
ZM	A	0.54%
NOW	A	0.53%
CME	B	0.51%
TT	B	0.51%
CACI	A	0.51%
IGT	F	0.51%
PCAR	B	0.5%
PFE	D	0.49%
LRCX	F	0.49%
SSNC	D	0.49%
TXT	D	0.48%
MSI	B	0.48%
EXEL	A	0.47%
ANF	F	0.45%
ANET	B	0.44%
V	A	0.43%
VZ	D	0.42%
TDC	D	0.41%
CMG	D	0.41%
GE	D	0.4%
AMGN	D	0.38%
MSCI	B	0.33%
WM	B	0.31%
AXP	B	0.3%
NSC	B	0.3%
COST	C	0.3%
PPG	F	0.3%
WTW	A	0.3%
MMC	C	0.29%
CAH	C	0.29%
TRV	B	0.29%
SEIC	A	0.28%
EOG	F	0.27%
KLAC	F	0.27%
LDOS	A	0.26%
GAP	C	0.26%
CVS	F	0.25%
NUE	F	0.24%
VEEV	C	0.24%
NBIX	D	0.24%
CCL	B	0.23%
STLD	B	0.23%
MEDP	F	0.23%
ETN	B	0.22%
TWLO	A	0.22%
ALLE	D	0.21%
GL	C	0.21%
PEGA	A	0.19%
CNC	D	0.19%
GRMN	A	0.18%
SKYW	A	0.17%
IDXX	F	0.17%
DASH	B	0.16%
CRUS	F	0.15%
ALRM	D	0.15%
WDAY	D	0.15%
XEL	B	0.15%
INCY	A	0.15%
UNM	A	0.15%
GEHC	D	0.14%
LYFT	C	0.13%
GS	B	0.13%
LNW	D	0.12%
BKNG	A	0.12%
MMM	D	0.12%
VST	C	0.11%
BK	A	0.11%
MGM	D	0.11%
F	F	0.11%
PNC	B	0.11%
BBWI	D	0.11%
BIIB	F	0.11%
NRG	B	0.1%
SOLV	B	0.1%
EQH	B	0.1%
FR	D	0.09%
PSA	D	0.09%
DHI	D	0.08%
MS	A	0.07%
QRVO	F	0.07%
AMT	D	0.07%
LHX	B	0.07%
SCCO	B	0.06%
PEP	F	0.06%
EVRG	A	0.06%
UTHR	A	0.05%
KO	D	0.04%
ROST	D	0.04%
ORCL	B	0.04%
AXTA	A	0.04%
DOCU	A	0.03%
MPWR	F	0.03%
KR	A	0.03%
PRU	C	0.03%
PLTK	B	0.03%
SWKS	F	0.03%
COF	A	0.02%
BWXT	B	0.02%
SYK	A	0.02%
AMD	F	0.01%
OXY	F	0.01%
CINF	B	0.01%
CVX	B	0.01%
GPN	D	0.01%

FELC Underweight 14 Positions Relative to FPAG

Symbol	Grade	Weight
ADI	C	-5.13%
TEL	B	-4.58%
IFF	D	-3.84%
WFC	B	-3.66%
NXPI	D	-2.21%
KMX	D	-1.85%
CHTR	B	-1.75%
KMI	A	-1.72%
MAR	B	-1.69%
FE	D	-1.49%
ICLR	F	-1.26%
WAB	A	-1.23%
BABA	B	-0.29%
PCG	B	-0.21%