FELV vs. RAFE ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to PIMCO RAFI ESG U.S. ETF (RAFE)

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

$32.77

Average Daily Volume

106,920

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$38.12

Average Daily Volume

12,403

Number of Holdings ^*

238

* may have additional holdings in another (foreign) market

Performance

Period	FELV	RAFE
30 Days	5.81%	3.68%
60 Days	6.22%	3.02%
90 Days	8.26%	6.15%
12 Months	30.69%	25.31%

117 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in RAFE	Overlap
A	D	0.09%	0.15%	0.09%
AAPL	A	0.19%	6.52%	0.19%
ABBV	D	0.85%	1.53%	0.85%
ABT	B	0.54%	1.18%	0.54%
ACN	B	0.34%	0.97%	0.34%
ADBE	C	0.37%	0.63%	0.37%
ADI	D	0.04%	0.37%	0.04%
ADM	D	0.1%	0.33%	0.1%
ADP	A	0.1%	0.45%	0.1%
ALL	A	0.19%	0.58%	0.19%
AMAT	F	0.42%	0.81%	0.42%
AMD	F	0.02%	0.06%	0.02%
AMGN	F	0.15%	1.08%	0.15%
AMT	D	0.14%	0.19%	0.14%
ARW	D	0.06%	0.15%	0.06%
AVGO	D	0.12%	1.26%	0.12%
AXP	A	0.2%	0.63%	0.2%
BAC	A	1.77%	0.86%	0.86%
BBY	D	0.15%	0.5%	0.15%
BDX	F	0.74%	0.32%	0.32%
BIIB	F	0.3%	0.27%	0.27%
BK	A	0.63%	0.19%	0.19%
BLK	C	0.37%	0.71%	0.37%
BMY	B	0.84%	1.97%	0.84%
BSX	B	0.19%	0.11%	0.11%
C	B	0.48%	3.25%	0.48%
CAH	B	0.3%	0.29%	0.29%
CCI	D	0.57%	0.27%	0.27%
CI	D	0.6%	1.3%	0.6%
CL	D	0.54%	0.37%	0.37%
CMCSA	C	1.13%	1.55%	1.13%
CMI	A	0.34%	0.21%	0.21%
CNC	F	0.23%	0.13%	0.13%
CRM	B	0.22%	0.58%	0.22%
CSCO	A	1.07%	2.94%	1.07%
CVS	D	0.3%	0.4%	0.3%
DD	D	0.48%	0.59%	0.48%
DELL	C	0.08%	0.13%	0.08%
DGX	B	0.01%	0.07%	0.01%
DHR	D	0.17%	0.46%	0.17%
DIS	B	0.8%	1.2%	0.8%
EA	B	0.11%	0.31%	0.11%
ECL	D	0.5%	0.26%	0.26%
EIX	A	0.17%	0.25%	0.17%
ELV	F	0.11%	0.89%	0.11%
EQIX	A	0.2%	0.24%	0.2%
EQR	A	0.17%	0.16%	0.16%
EW	C	0.06%	0.16%	0.06%
F	C	0.33%	1.14%	0.33%
GAP	C	0.25%	0.11%	0.11%
GEHC	F	0.16%	0.27%	0.16%
GILD	B	0.92%	0.99%	0.92%
GIS	D	0.05%	0.32%	0.05%
GS	A	0.34%	0.98%	0.34%
HD	B	0.45%	1.77%	0.45%
HPE	B	0.21%	0.7%	0.21%
HUM	C	0.14%	0.41%	0.14%
IBM	C	0.27%	1.81%	0.27%
IFF	D	0.08%	0.12%	0.08%
ILMN	C	0.15%	0.08%	0.08%
INTC	D	0.85%	2.85%	0.85%
ITW	A	0.12%	0.31%	0.12%
JCI	C	0.21%	0.55%	0.21%
JNJ	D	1.02%	3.18%	1.02%
JPM	B	2.93%	4.09%	2.93%
KD	A	0.09%	0.06%	0.06%
KHC	D	0.12%	0.2%	0.12%
KLAC	D	0.03%	0.21%	0.03%
KMB	C	0.14%	0.3%	0.14%
LH	B	0.08%	0.19%	0.08%
LIN	D	0.46%	1.12%	0.46%
LOW	C	0.07%	1.14%	0.07%
M	D	0.01%	0.03%	0.01%
MA	A	0.28%	0.79%	0.28%
MCK	B	0.09%	0.43%	0.09%
MDLZ	F	0.06%	0.29%	0.06%
META	D	0.21%	1.2%	0.21%
MMM	C	0.6%	1.07%	0.6%
MSI	B	0.2%	0.21%	0.2%
MU	D	0.86%	0.95%	0.86%
NEM	F	0.05%	0.46%	0.05%
NFLX	B	0.19%	0.09%	0.09%
NTAP	B	0.12%	0.29%	0.12%
NVDA	C	0.17%	1.12%	0.17%
NWL	B	0.06%	0.04%	0.04%
NWSA	B	0.06%	0.07%	0.06%
OC	B	0.22%	0.22%	0.22%
OGN	D	0.02%	0.04%	0.02%
PFE	D	0.85%	2.32%	0.85%
PFG	C	0.16%	0.2%	0.16%
PG	A	1.24%	2.84%	1.24%
PGR	A	0.35%	0.25%	0.25%
PKG	A	0.13%	0.15%	0.13%
PPG	D	0.57%	0.2%	0.2%
PRU	A	0.17%	0.51%	0.17%
PYPL	B	0.79%	0.62%	0.62%
QCOM	F	0.5%	1.6%	0.5%
RSG	A	0.66%	0.04%	0.04%
SOLV	C	0.12%	0.09%	0.09%
SPGI	B	0.63%	0.1%	0.1%
STT	A	0.15%	0.26%	0.15%
SYK	B	0.26%	0.12%	0.12%
T	A	1.02%	2.41%	1.02%
TGT	F	0.01%	1.18%	0.01%
TJX	A	0.28%	0.49%	0.28%
TMUS	A	0.56%	0.46%	0.46%
TPR	A	0.1%	0.16%	0.1%
TROW	A	0.13%	0.12%	0.12%
TXN	D	0.16%	0.83%	0.16%
UNH	B	1.57%	0.58%	0.58%
UPS	C	0.06%	0.54%	0.06%
USFD	A	0.19%	0.09%	0.09%
VZ	B	0.68%	1.69%	0.68%
WAB	A	0.45%	0.09%	0.09%
WDC	C	0.14%	0.37%	0.14%
WFC	A	1.22%	2.82%	1.22%
WM	A	0.25%	0.44%	0.25%

FELV Overweight 215 Positions Relative to RAFE

Symbol	Grade	Weight
BRK.A	B	3.64%
XOM	C	2.51%
WMT	A	1.76%
PM	A	1.31%
GE	C	1.05%
SCHW	A	0.88%
NEE	D	0.81%
ETN	A	0.76%
UNP	C	0.75%
TMO	F	0.73%
SQ	C	0.7%
PNC	A	0.7%
RTX	D	0.7%
LMT	D	0.64%
NOC	D	0.63%
CVNA	B	0.62%
AON	A	0.59%
SEIC	A	0.58%
CME	A	0.57%
NSC	A	0.57%
COP	D	0.56%
CAT	B	0.54%
ALLE	D	0.54%
MS	C	0.54%
TXT	D	0.53%
CVX	A	0.53%
EOG	C	0.53%
ZM	B	0.52%
PSA	C	0.52%
TT	A	0.52%
SSNC	A	0.5%
LDOS	D	0.47%
COF	B	0.47%
CACI	D	0.46%
LHX	C	0.45%
CTAS	A	0.43%
DBX	C	0.42%
MDT	D	0.4%
PCG	A	0.39%
PCAR	B	0.39%
UNM	A	0.38%
MMC	A	0.38%
IGT	F	0.36%
L	A	0.35%
EXEL	A	0.35%
TPH	C	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CSX	B	0.34%
NUE	D	0.34%
DVN	F	0.34%
FTV	B	0.33%
LPX	B	0.33%
STLD	B	0.33%
ZBRA	A	0.32%
KR	A	0.31%
TWLO	B	0.3%
FR	D	0.28%
MCD	D	0.28%
VMC	B	0.28%
DUK	C	0.28%
VEEV	B	0.28%
MO	A	0.28%
TOL	B	0.28%
GL	C	0.28%
TRV	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TDC	D	0.27%
AME	A	0.26%
WTW	A	0.26%
VICI	C	0.25%
CLX	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	A	0.25%
EXC	C	0.24%
KMI	B	0.24%
TFC	B	0.24%
CINF	A	0.22%
ED	C	0.22%
Z	B	0.22%
DOCU	B	0.22%
DOC	C	0.22%
INCY	B	0.22%
SKYW	A	0.21%
MGM	F	0.21%
VMI	A	0.2%
PNR	A	0.19%
DTE	C	0.19%
FTI	A	0.19%
MSCI	B	0.19%
KEY	B	0.18%
SPG	A	0.18%
ITT	B	0.18%
ICE	D	0.18%
TMHC	B	0.18%
ZG	B	0.18%
IQV	D	0.17%
LNW	D	0.17%
MKL	A	0.17%
ACA	B	0.17%
CEG	C	0.17%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	D	0.16%
CCK	D	0.16%
AES	F	0.16%
CNP	A	0.15%
JXN	B	0.15%
RCL	A	0.15%
OXY	F	0.15%
GD	F	0.14%
HAL	C	0.13%
WDAY	C	0.13%
SWKS	D	0.13%
CCL	B	0.13%
ES	D	0.13%
PH	A	0.12%
SO	C	0.12%
WMB	B	0.12%
EEFT	B	0.12%
HWM	B	0.12%
UHS	D	0.12%
BLD	D	0.11%
AIZ	A	0.11%
QRVO	F	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
GRMN	B	0.11%
AMH	C	0.11%
BMRN	D	0.11%
ADTN	B	0.1%
BKR	C	0.1%
CRC	B	0.1%
PEG	A	0.1%
MHO	C	0.1%
FANG	F	0.09%
TRGP	B	0.09%
CNO	A	0.09%
MTDR	C	0.09%
WBD	C	0.09%
GPN	C	0.09%
ACT	C	0.09%
VRTX	D	0.09%
CRUS	D	0.09%
AMZN	B	0.08%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
HON	B	0.08%
BBWI	C	0.08%
ALRM	C	0.08%
AEP	C	0.08%
VST	B	0.07%
CMG	B	0.07%
REG	A	0.07%
BYD	B	0.07%
LYFT	C	0.07%
WCC	B	0.07%
LEG	F	0.06%
VSTS	C	0.06%
OGE	A	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	B	0.05%
CW	B	0.05%
PLTK	B	0.05%
AM	A	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	C	0.04%
HL	F	0.04%
CWEN	C	0.04%
BKH	B	0.04%
CTRE	D	0.04%
AXTA	B	0.03%
MSA	C	0.03%
SYF	A	0.03%
TFX	F	0.03%
UAL	B	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%
CWEN	C	0.02%
AYI	C	0.02%
SWI	B	0.02%
OKTA	C	0.02%
BERY	B	0.02%
ITRI	B	0.02%
BIO	D	0.02%
WOOF	D	0.02%
MWA	B	0.01%
TNL	B	0.01%
FTDR	B	0.01%
MUR	F	0.01%
PHM	D	0.01%
CXT	B	0.01%
BLDR	D	0.01%
ROP	B	0.01%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
GLW	B	0.01%

FELV Underweight 121 Positions Relative to RAFE

Symbol	Grade	Weight
MSFT	C	-5.72%
GM	C	-2.16%
MRK	D	-1.69%
ORCL	B	-1.68%
V	A	-1.09%
KO	D	-0.98%
HPQ	B	-0.72%
MET	A	-0.7%
LLY	D	-0.67%
DE	B	-0.54%
LRCX	D	-0.5%
DOW	F	-0.5%
TSLA	B	-0.49%
NKE	F	-0.48%
FDX	B	-0.45%
IP	B	-0.43%
APD	A	-0.42%
EBAY	C	-0.41%
CARR	D	-0.37%
CBRE	A	-0.37%
FIS	D	-0.36%
WELL	A	-0.33%
MAR	A	-0.28%
PEP	F	-0.28%
FI	A	-0.28%
HIG	A	-0.27%
WY	D	-0.26%
AMP	A	-0.25%
SYY	C	-0.24%
VTR	C	-0.23%
LUMN	C	-0.21%
WHR	B	-0.21%
JLL	B	-0.21%
PARA	D	-0.2%
JNPR	F	-0.19%
IRM	C	-0.19%
FOXA	C	-0.19%
MOS	F	-0.19%
K	A	-0.18%
BAX	F	-0.18%
CTSH	A	-0.18%
VFC	B	-0.18%
DVA	A	-0.17%
GWW	A	-0.17%
CF	B	-0.16%
AVB	A	-0.16%
BALL	D	-0.16%
MCO	A	-0.16%
DG	F	-0.15%
HLT	A	-0.15%
SHW	A	-0.15%
KDP	D	-0.14%
AWK	D	-0.14%
ISRG	B	-0.14%
OMC	C	-0.14%
KSS	F	-0.14%
ZTS	F	-0.14%
FAST	A	-0.13%
CDNS	B	-0.13%
FITB	B	-0.13%
MRVL	B	-0.13%
COR	A	-0.13%
OTIS	C	-0.12%
EL	F	-0.12%
HOLX	D	-0.11%
PAYX	B	-0.11%
WAT	A	-0.11%
HST	C	-0.11%
TSCO	D	-0.11%
SWK	D	-0.11%
PVH	C	-0.11%
ON	D	-0.1%
KEYS	B	-0.1%
LKQ	D	-0.09%
HCA	F	-0.09%
WBA	F	-0.09%
VTRS	B	-0.09%
AVT	C	-0.09%
SJM	C	-0.09%
TER	D	-0.09%
CDW	F	-0.09%
SNPS	B	-0.08%
GPC	D	-0.08%
PLD	D	-0.08%
LNC	B	-0.08%
DOX	D	-0.08%
LEA	D	-0.08%
DXC	B	-0.07%
KIM	A	-0.07%
NDAQ	A	-0.07%
CHD	B	-0.07%
HUN	F	-0.07%
CAG	D	-0.07%
AKAM	D	-0.07%
TSN	B	-0.07%
MAA	B	-0.07%
NTRS	A	-0.07%
DOV	A	-0.06%
HSY	F	-0.06%
HSIC	B	-0.06%
EQH	B	-0.06%
GT	C	-0.06%
MCHP	D	-0.06%
ESS	B	-0.05%
MHK	D	-0.05%
XRX	F	-0.05%
HAS	D	-0.05%
CTVA	A	-0.05%
FL	D	-0.05%
CPB	D	-0.05%
ORLY	A	-0.05%
ROK	B	-0.05%
AAP	C	-0.04%
WU	D	-0.04%
GEN	A	-0.04%
AGCO	D	-0.04%
FLEX	B	-0.04%
MAN	D	-0.03%
O	D	-0.02%
ANET	C	-0.02%
HRL	D	-0.01%