FELG vs. FFLC ETF Comparison

Comparison of Fidelity Enhanced Large Cap Growth ETF (FELG) to Fidelity Fundamental Large Cap Core ETF (FFLC)

FELG

Fidelity Enhanced Large Cap Growth ETF

FELG Description

The fund will invest at least 80% of assets in common stocks included in the Russell 1000® Growth Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap growth segment of the U.S. equity market. 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.54

Average Daily Volume

218,971

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELG	FFLC
30 Days	3.26%	2.14%
60 Days	5.11%	3.92%
90 Days	6.08%	6.30%
12 Months	36.88%	37.29%

20 Overlapping Holdings

Symbol	Grade	Weight in FELG	Weight in FFLC	Overlap
AAPL	C	12.05%	4.26%	4.26%
ABBV	D	0.94%	0.61%	0.61%
AMZN	C	6.62%	2.89%	2.89%
AVGO	D	3.11%	1.98%	1.98%
BMY	B	0.54%	0.92%	0.54%
COST	B	0.91%	0.63%	0.63%
GILD	C	0.5%	0.27%	0.27%
GOOGL	C	3.57%	3.2%	3.2%
INTU	C	0.11%	1.0%	0.11%
LLY	F	1.54%	1.85%	1.54%
MA	C	2.02%	0.85%	0.85%
META	D	4.74%	4.7%	4.7%
MSFT	F	10.23%	6.98%	6.98%
NOC	D	0.49%	0.25%	0.25%
NVDA	C	11.91%	5.71%	5.71%
ORCL	B	0.46%	0.97%	0.46%
SPG	B	0.56%	0.18%	0.18%
TMUS	B	0.5%	0.2%	0.2%
UBER	D	0.98%	0.61%	0.61%
V	A	1.2%	1.31%	1.2%

FELG Overweight 59 Positions Relative to FFLC

Symbol	Grade	Weight
TSLA	B	3.47%
GOOG	C	2.52%
NFLX	A	1.81%
MRK	F	1.35%
ADBE	C	1.29%
QCOM	F	1.12%
BKNG	A	1.1%
AMAT	F	0.94%
ANET	C	0.83%
LRCX	F	0.82%
KLAC	D	0.79%
CMG	B	0.77%
TJX	A	0.77%
UNP	C	0.74%
DASH	A	0.72%
WDAY	B	0.71%
ECL	D	0.7%
SQ	B	0.66%
CTAS	B	0.66%
FTNT	C	0.65%
MSI	B	0.65%
TT	A	0.63%
LMT	D	0.62%
HD	A	0.62%
CRM	B	0.59%
SCHW	B	0.59%
EXEL	B	0.57%
HWM	A	0.55%
GRMN	B	0.54%
ANF	C	0.52%
LYFT	C	0.51%
NOW	A	0.51%
ZM	B	0.51%
NTRA	B	0.5%
INCY	C	0.5%
BBWI	D	0.45%
DBX	B	0.43%
MPWR	F	0.4%
IDXX	F	0.39%
ALLE	D	0.33%
AXON	A	0.32%
CAT	B	0.32%
APP	B	0.31%
TW	A	0.31%
TDC	D	0.3%
MSCI	C	0.26%
NU	C	0.19%
CLX	B	0.18%
PEP	F	0.15%
SCCO	F	0.14%
WMT	A	0.13%
MEDP	D	0.12%
BAH	F	0.11%
ISRG	A	0.1%
ZBRA	B	0.09%
CVNA	B	0.07%
MORN	B	0.07%
TPL	A	0.03%
AMD	F	0.01%

FELG Underweight 67 Positions Relative to FFLC

Symbol	Grade	Weight
XOM	B	-2.88%
BAC	A	-2.18%
WFC	A	-1.82%
SO	D	-1.72%
UNH	C	-1.72%
CMCSA	B	-1.69%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
EIX	B	-1.31%
CI	F	-1.23%
TMO	F	-1.18%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	D	-1.06%
CEG	D	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
APH	A	-0.85%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
RPRX	D	-0.76%
REGN	F	-0.75%
CB	C	-0.73%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
ELV	F	-0.63%
CCI	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
FDX	B	-0.58%
WSO	A	-0.56%
NVO	D	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
MAR	B	-0.42%
AJG	B	-0.41%
WSM	B	-0.4%
GD	F	-0.38%
GEN	B	-0.37%
COR	B	-0.37%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	D	-0.29%
LIN	D	-0.2%
MELI	D	-0.2%
DKS	C	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
LNG	B	-0.03%
MRVL	B	-0.02%