FELC vs. INCM ETF Comparison

Comparison of Fidelity Enhanced Large Cap Core ETF (FELC) to Franklin Income Focus ETF (INCM)

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

INCM

Franklin Income Focus ETF

INCM Description

Under normal market conditions, the fund invests in a diversified portfolio of debt and equity securities. The fund may invest up to 30% of its assets in equity index-linked notes, with respect to which interest payments are typically derived from the implied volatility of an equity index (e.g., the S&P 500 Index) and 10% of its assets in equity linked notes (ELNs).

Grade (RS Rating)

Last Trade

$26.99

Average Daily Volume

143,711

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELC	INCM
30 Days	3.27%	0.27%
60 Days	5.09%	0.52%
90 Days	6.09%	1.34%
12 Months	33.74%	13.81%

22 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in INCM	Overlap
ABBV	D	1.02%	0.74%	0.74%
BAC	A	1.2%	1.17%	1.17%
C	A	0.02%	0.01%	0.01%
CMCSA	B	0.86%	0.0%	0.0%
CSCO	B	0.66%	0.54%	0.54%
CVX	A	0.01%	1.71%	0.01%
HD	A	1.29%	0.81%	0.81%
JNJ	D	0.74%	1.22%	0.74%
JPM	A	1.94%	1.54%	1.54%
LMT	D	0.71%	0.9%	0.71%
MRK	F	0.99%	0.01%	0.01%
MS	A	0.31%	0.4%	0.31%
MSFT	F	5.68%	0.15%	0.15%
NEE	D	0.84%	0.51%	0.51%
NEE	D	0.84%	0.47%	0.47%
PEP	F	0.05%	0.75%	0.05%
PFE	D	0.42%	0.69%	0.42%
PG	A	0.72%	1.04%	0.72%
PM	B	0.94%	0.92%	0.92%
RTX	C	0.7%	0.59%	0.59%
VZ	C	0.06%	0.74%	0.06%
XOM	B	1.56%	1.51%	1.51%

FELC Overweight 149 Positions Relative to INCM

Symbol	Grade	Weight
NVDA	C	7.39%
AAPL	C	7.38%
AMZN	C	3.93%
META	D	2.89%
BRK.A	B	2.25%
GOOGL	C	2.05%
GOOG	C	1.9%
AVGO	D	1.72%
MA	C	1.36%
TSLA	B	1.31%
NFLX	A	1.3%
CRM	B	1.15%
WMT	A	1.14%
ADBE	C	0.94%
QCOM	F	0.88%
V	A	0.82%
SCHW	B	0.8%
UNP	C	0.76%
LLY	F	0.76%
BMY	B	0.75%
GILD	C	0.74%
PGR	A	0.74%
T	A	0.73%
CTAS	B	0.69%
AMAT	F	0.68%
MU	D	0.66%
DIS	B	0.65%
ECL	D	0.63%
KLAC	D	0.63%
CI	F	0.63%
BDX	F	0.62%
NOC	D	0.6%
TJX	A	0.59%
SPG	B	0.59%
SQ	B	0.58%
UNH	C	0.57%
CAT	B	0.57%
ABT	B	0.56%
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%
MSI	B	0.5%
CME	A	0.5%
CL	D	0.47%
IGT	F	0.46%
EXEL	B	0.45%
LRCX	F	0.44%
TRV	B	0.43%
ANF	C	0.42%
CACI	D	0.4%
GE	D	0.39%
SSNC	B	0.38%
NSC	B	0.38%
TDC	D	0.37%
AON	A	0.35%
CMG	B	0.35%
PYPL	B	0.34%
MSCI	C	0.33%
TMO	F	0.33%
ALLE	D	0.33%
AMGN	D	0.33%
WM	A	0.32%
SPGI	C	0.31%
TMUS	B	0.31%
COST	B	0.31%
CAH	B	0.31%
AXP	A	0.31%
TROW	B	0.31%
PPG	F	0.3%
SEIC	B	0.3%
MGM	D	0.3%
MMC	B	0.29%
INCY	C	0.28%
CCL	B	0.26%
CVS	D	0.25%
LDOS	C	0.24%
AMT	D	0.24%
RSG	A	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%
WDAY	B	0.16%
FTNT	C	0.15%
GS	A	0.15%
ED	D	0.15%
UBER	D	0.14%
WTW	B	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%
NBIX	C	0.11%
NRG	B	0.11%
CLX	B	0.11%
ANET	C	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%
MKL	A	0.08%
FR	C	0.08%
ZBRA	B	0.06%
MCK	B	0.06%
DHI	D	0.06%
STLD	B	0.06%
ORCL	B	0.05%
AXTA	A	0.05%
SCCO	F	0.05%
PLTK	B	0.04%
ROST	C	0.04%
GEHC	F	0.04%
SYK	C	0.03%
KR	B	0.03%
SWKS	F	0.03%
A	D	0.03%
CRUS	D	0.03%
LPLA	A	0.03%
GPN	B	0.02%
DOCU	A	0.02%
WBD	C	0.01%
AES	F	0.01%

FELC Underweight 20 Positions Relative to INCM

Symbol	Grade	Weight
DUK	C	-1.13%
ADI	D	-0.98%
HON	B	-0.86%
APD	A	-0.81%
USB	A	-0.81%
SO	D	-0.81%
JCI	C	-0.78%
BHP	F	-0.76%
KO	D	-0.75%
TTE	F	-0.66%
TFC	A	-0.66%
ALB	C	-0.63%
ITW	B	-0.56%
SBUX	A	-0.49%
MCHP	D	-0.45%
COP	C	-0.41%
BA	F	-0.39%
SRE	A	-0.3%
XEL	A	-0.3%
EIX	B	-0.28%