FELC vs. QLV ETF Comparison

Comparison of Fidelity Enhanced Large Cap Core ETF (FELC) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FELC	QLV
30 Days	3.27%	0.23%
60 Days	5.09%	1.42%
90 Days	6.09%	3.24%
12 Months	33.74%	25.29%

42 Overlapping Holdings

Symbol	Grade	Weight in FELC	Weight in QLV	Overlap
AAPL	C	7.38%	5.13%	5.13%
ABBV	D	1.02%	0.97%	0.97%
ABT	B	0.56%	0.92%	0.56%
ADP	B	0.2%	0.92%	0.2%
AMGN	D	0.33%	0.73%	0.33%
AMZN	C	3.93%	2.5%	2.5%
AVGO	D	1.72%	0.4%	0.4%
BRK.A	B	2.25%	0.59%	0.59%
CME	A	0.5%	0.91%	0.5%
CRUS	D	0.03%	0.26%	0.03%
ED	D	0.15%	0.77%	0.15%
GILD	C	0.74%	1.11%	0.74%
GOOG	C	1.9%	0.62%	0.62%
GOOGL	C	2.05%	0.87%	0.87%
JNJ	D	0.74%	1.68%	0.74%
JPM	A	1.94%	0.21%	0.21%
LLY	F	0.76%	2.4%	0.76%
LMT	D	0.71%	1.07%	0.71%
MCK	B	0.06%	0.35%	0.06%
META	D	2.89%	1.27%	1.27%
MKL	A	0.08%	0.54%	0.08%
MMC	B	0.29%	0.05%	0.05%
MRK	F	0.99%	2.29%	0.99%
MSFT	F	5.68%	7.86%	5.68%
NBIX	C	0.11%	0.43%	0.11%
NOC	D	0.6%	0.6%	0.6%
NVDA	C	7.39%	5.54%	5.54%
PEP	F	0.05%	1.52%	0.05%
PG	A	0.72%	3.17%	0.72%
PM	B	0.94%	0.21%	0.21%
PSA	D	0.09%	0.84%	0.09%
RSG	A	0.24%	0.58%	0.24%
T	A	0.73%	1.46%	0.73%
TMUS	B	0.31%	1.14%	0.31%
TRV	B	0.43%	0.66%	0.43%
UNH	C	0.57%	0.07%	0.07%
V	A	0.82%	2.25%	0.82%
VZ	C	0.06%	1.58%	0.06%
WM	A	0.32%	0.68%	0.32%
WTW	B	0.14%	0.87%	0.14%
XOM	B	1.56%	1.15%	1.15%
ZM	B	0.51%	0.7%	0.51%

FELC Overweight 128 Positions Relative to QLV

Symbol	Grade	Weight
MA	C	1.36%
TSLA	B	1.31%
NFLX	A	1.3%
HD	A	1.29%
BAC	A	1.2%
CRM	B	1.15%
WMT	A	1.14%
ADBE	C	0.94%
QCOM	F	0.88%
CMCSA	B	0.86%
NEE	D	0.84%
SCHW	B	0.8%
UNP	C	0.76%
BMY	B	0.75%
PGR	A	0.74%
RTX	C	0.7%
CTAS	B	0.69%
AMAT	F	0.68%
MU	D	0.66%
CSCO	B	0.66%
DIS	B	0.65%
ECL	D	0.63%
KLAC	D	0.63%
CI	F	0.63%
BDX	F	0.62%
TJX	A	0.59%
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%
MSI	B	0.5%
CL	D	0.47%
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%
AON	A	0.35%
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%
CAH	B	0.31%
AXP	A	0.31%
TROW	B	0.31%
PPG	F	0.3%
SEIC	B	0.3%
MGM	D	0.3%
INCY	C	0.28%
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%
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%
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%
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%
SOLV	C	0.09%
VEEV	C	0.08%
FR	C	0.08%
ZBRA	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%
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 72 Positions Relative to QLV

Symbol	Grade	Weight
MCD	D	-1.97%
IBM	C	-1.77%
QLYS	C	-0.89%
ATR	B	-0.89%
DUK	C	-0.87%
TXN	C	-0.86%
AIZ	A	-0.84%
WEC	A	-0.83%
WDFC	B	-0.81%
TYL	B	-0.81%
K	A	-0.77%
RGLD	C	-0.77%
DOX	D	-0.76%
LSTR	D	-0.74%
CHE	D	-0.74%
CB	C	-0.72%
CHKP	D	-0.72%
GIS	D	-0.72%
SO	D	-0.68%
QGEN	D	-0.67%
DTM	B	-0.65%
DLR	B	-0.65%
AVY	D	-0.64%
CALM	A	-0.62%
EQIX	A	-0.62%
ALL	A	-0.62%
XEL	A	-0.62%
GD	F	-0.61%
PKG	A	-0.61%
SMMT	D	-0.61%
CINF	A	-0.59%
WCN	A	-0.57%
CTVA	C	-0.57%
AZO	C	-0.56%
AEE	A	-0.56%
SIGI	C	-0.55%
STNG	F	-0.55%
CMS	C	-0.53%
JKHY	D	-0.53%
SCI	B	-0.53%
CTRA	B	-0.53%
WRB	A	-0.53%
ADC	B	-0.52%
AEP	D	-0.52%
PNW	B	-0.52%
TSCO	D	-0.5%
BAH	F	-0.5%
SON	D	-0.49%
CHRW	C	-0.49%
FLO	D	-0.47%
REGN	F	-0.47%
HSY	F	-0.46%
TTEK	F	-0.46%
HRL	D	-0.4%
VRSK	A	-0.39%
BMRN	D	-0.37%
NFG	A	-0.37%
HII	D	-0.36%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
EA	A	-0.23%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
ROP	B	-0.14%
NCNO	B	-0.13%
CAG	D	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
EXPD	D	-0.03%