FELV vs. BRNY ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to Burney U.S. Factor Rotation ETF (BRNY)

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value 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.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

BRNY

Burney U.S. Factor Rotation ETF

BRNY Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks long term growth of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock. The fund will invest its assets in common stocks of large, mid, and small-capitalization companies.

Grade (RS Rating)

Last Trade

$42.96

Average Daily Volume

10,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FELV	BRNY
30 Days	4.38%	7.37%
60 Days	5.85%	9.01%
90 Days	7.57%	10.60%
12 Months	29.90%	43.45%

37 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in BRNY	Overlap
AAPL	C	0.19%	4.6%	0.19%
ALL	A	0.19%	0.5%	0.19%
AMAT	F	0.42%	0.39%	0.39%
AVGO	D	0.12%	0.45%	0.12%
BK	A	0.63%	0.49%	0.49%
CACI	D	0.46%	0.42%	0.42%
CNC	D	0.23%	0.34%	0.23%
DOCU	A	0.22%	0.53%	0.22%
EA	A	0.11%	0.8%	0.11%
ETN	A	0.76%	0.39%	0.39%
EXEL	B	0.35%	2.59%	0.35%
HWM	A	0.12%	0.87%	0.12%
INCY	C	0.22%	0.53%	0.22%
JPM	A	2.93%	0.51%	0.51%
KLAC	D	0.03%	0.2%	0.03%
KMI	A	0.24%	0.53%	0.24%
LIN	D	0.46%	0.46%	0.46%
META	D	0.21%	4.87%	0.21%
MMC	B	0.38%	0.36%	0.36%
MS	A	0.54%	0.54%	0.54%
NFLX	A	0.19%	1.92%	0.19%
NTAP	C	0.12%	0.48%	0.12%
NVDA	C	0.17%	5.18%	0.17%
PGR	A	0.35%	3.75%	0.35%
PHM	D	0.01%	0.42%	0.01%
QCOM	F	0.5%	1.61%	0.5%
ROST	C	0.11%	0.26%	0.11%
SPG	B	0.18%	0.55%	0.18%
SYF	B	0.03%	0.54%	0.03%
TOL	B	0.28%	4.33%	0.28%
TPH	D	0.35%	0.37%	0.35%
TRGP	B	0.09%	0.59%	0.09%
TT	A	0.52%	4.01%	0.52%
VICI	C	0.25%	0.46%	0.25%
VRTX	F	0.09%	0.47%	0.09%
WAB	B	0.45%	3.9%	0.45%
WFC	A	1.22%	0.53%	0.53%

FELV Overweight 295 Positions Relative to BRNY

Symbol	Grade	Weight
BRK.A	B	3.64%
XOM	B	2.51%
BAC	A	1.77%
WMT	A	1.76%
UNH	C	1.57%
PM	B	1.31%
PG	A	1.24%
CMCSA	B	1.13%
CSCO	B	1.07%
GE	D	1.05%
JNJ	D	1.02%
T	A	1.02%
GILD	C	0.92%
SCHW	B	0.88%
MU	D	0.86%
PFE	D	0.85%
ABBV	D	0.85%
INTC	D	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
PYPL	B	0.79%
UNP	C	0.75%
BDX	F	0.74%
TMO	F	0.73%
SQ	B	0.7%
PNC	B	0.7%
RTX	C	0.7%
VZ	C	0.68%
RSG	A	0.66%
LMT	D	0.64%
NOC	D	0.63%
SPGI	C	0.63%
CVNA	B	0.62%
MMM	D	0.6%
CI	F	0.6%
AON	A	0.59%
SEIC	B	0.58%
PPG	F	0.57%
CCI	D	0.57%
CME	A	0.57%
NSC	B	0.57%
TMUS	B	0.56%
COP	C	0.56%
ABT	B	0.54%
CL	D	0.54%
CAT	B	0.54%
ALLE	D	0.54%
TXT	D	0.53%
CVX	A	0.53%
EOG	A	0.53%
ZM	B	0.52%
PSA	D	0.52%
ECL	D	0.5%
SSNC	B	0.5%
DD	D	0.48%
C	A	0.48%
LDOS	C	0.47%
COF	B	0.47%
LHX	C	0.45%
HD	A	0.45%
CTAS	B	0.43%
DBX	B	0.42%
MDT	D	0.4%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
ADBE	C	0.37%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
CSX	B	0.34%
ACN	C	0.34%
NUE	C	0.34%
GS	A	0.34%
DVN	F	0.34%
FTV	C	0.33%
LPX	B	0.33%
STLD	B	0.33%
F	C	0.33%
ZBRA	B	0.32%
KR	B	0.31%
CVS	D	0.3%
CAH	B	0.3%
TWLO	A	0.3%
BIIB	F	0.3%
FR	C	0.28%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
VEEV	C	0.28%
MO	A	0.28%
MA	C	0.28%
GL	B	0.28%
TRV	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TJX	A	0.28%
IBM	C	0.27%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
WTW	B	0.26%
CLX	B	0.25%
GAP	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	B	0.25%
WM	A	0.25%
EXC	C	0.24%
TFC	A	0.24%
CINF	A	0.22%
ED	D	0.22%
Z	A	0.22%
OC	A	0.22%
CRM	B	0.22%
DOC	D	0.22%
SKYW	B	0.21%
MGM	D	0.21%
HPE	B	0.21%
JCI	C	0.21%
AXP	A	0.2%
VMI	B	0.2%
MSI	B	0.2%
EQIX	A	0.2%
PNR	A	0.19%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
BSX	B	0.19%
MSCI	C	0.19%
KEY	B	0.18%
ITT	A	0.18%
ICE	C	0.18%
TMHC	B	0.18%
ZG	A	0.18%
EIX	B	0.17%
DHR	F	0.17%
PRU	A	0.17%
IQV	D	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	A	0.17%
CEG	D	0.17%
EQR	B	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	D	0.16%
TXN	C	0.16%
CCK	C	0.16%
AES	F	0.16%
PFG	D	0.16%
BBY	D	0.15%
STT	A	0.15%
CNP	B	0.15%
ILMN	D	0.15%
JXN	C	0.15%
AMGN	D	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
KMB	D	0.14%
AMT	D	0.14%
HUM	C	0.14%
GD	F	0.14%
HAL	C	0.13%
PKG	A	0.13%
WDAY	B	0.13%
SWKS	F	0.13%
CCL	B	0.13%
ES	D	0.13%
TROW	B	0.13%
PH	A	0.12%
SOLV	C	0.12%
ITW	B	0.12%
SO	D	0.12%
WMB	A	0.12%
EEFT	B	0.12%
KHC	F	0.12%
UHS	D	0.12%
BLD	D	0.11%
AIZ	A	0.11%
QRVO	F	0.11%
ENS	D	0.11%
BCC	B	0.11%
GRMN	B	0.11%
ELV	F	0.11%
AMH	D	0.11%
BMRN	D	0.11%
TPR	B	0.1%
ADTN	A	0.1%
ADM	D	0.1%
BKR	B	0.1%
CRC	B	0.1%
ADP	B	0.1%
PEG	A	0.1%
MHO	D	0.1%
FANG	D	0.09%
A	D	0.09%
CNO	A	0.09%
MTDR	B	0.09%
WBD	C	0.09%
KD	B	0.09%
GPN	B	0.09%
ACT	D	0.09%
MCK	B	0.09%
CRUS	D	0.09%
AMZN	C	0.08%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
DELL	C	0.08%
LH	C	0.08%
HON	B	0.08%
BBWI	D	0.08%
IFF	D	0.08%
ALRM	C	0.08%
AEP	D	0.08%
VST	B	0.07%
CMG	B	0.07%
REG	B	0.07%
BYD	C	0.07%
LYFT	C	0.07%
LOW	D	0.07%
WCC	B	0.07%
NWL	B	0.06%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	F	0.06%
ARW	D	0.06%
VSTS	C	0.06%
MDLZ	F	0.06%
OGE	B	0.06%
NMRK	B	0.06%
DFS	B	0.05%
TRMB	B	0.05%
SAM	C	0.05%
CTRA	B	0.05%
FHI	A	0.05%
GLPI	C	0.05%
CW	B	0.05%
PLTK	B	0.05%
GIS	D	0.05%
NEM	D	0.05%
AM	A	0.04%
ADI	D	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	D	0.04%
HL	D	0.04%
CWEN	C	0.04%
BKH	A	0.04%
CTRE	D	0.04%
AXTA	A	0.03%
MSA	D	0.03%
TFX	F	0.03%
UAL	A	0.03%
RGA	A	0.03%
EXTR	B	0.03%
WS	B	0.03%
RJF	A	0.03%
ALKS	B	0.03%
DHI	D	0.03%
NWS	B	0.03%
MATX	C	0.03%
AMD	F	0.02%
CWEN	C	0.02%
AYI	B	0.02%
SWI	B	0.02%
OKTA	C	0.02%
OGN	D	0.02%
BERY	B	0.02%
ITRI	B	0.02%
BIO	D	0.02%
WOOF	D	0.02%
MWA	B	0.01%
TNL	A	0.01%
TGT	F	0.01%
FTDR	A	0.01%
MUR	D	0.01%
CXT	B	0.01%
BLDR	D	0.01%
ROP	B	0.01%
DGX	A	0.01%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
GLW	B	0.01%
M	D	0.01%

FELV Underweight 41 Positions Relative to BRNY

Symbol	Grade	Weight
FTNT	C	-5.76%
TXRH	C	-4.9%
COR	B	-4.56%
PANW	C	-3.2%
GOOGL	C	-2.87%
MCO	B	-2.64%
G	B	-2.02%
APP	B	-1.95%
BRBR	A	-1.83%
ANET	C	-1.44%
APH	A	-1.29%
COLL	F	-1.27%
UGI	A	-1.15%
EME	C	-1.12%
VERX	B	-1.02%
DOCS	C	-0.93%
PLTR	B	-0.89%
SFM	A	-0.75%
CORT	B	-0.68%
YOU	D	-0.59%
ALSN	B	-0.56%
CBOE	B	-0.52%
BURL	A	-0.51%
WING	D	-0.5%
EBAY	D	-0.5%
EXP	A	-0.49%
GWRE	A	-0.49%
PRG	C	-0.49%
AER	B	-0.48%
LII	A	-0.48%
GRBK	D	-0.47%
UTHR	C	-0.46%
TGTX	B	-0.45%
SN	D	-0.42%
ALNY	D	-0.4%
JAMF	F	-0.36%
LOPE	B	-0.29%
TSCO	D	-0.25%
ACGL	D	-0.24%
DFIN	D	-0.23%
NVT	B	-0.22%