FFLC vs. FELV ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Fidelity Enhanced Large Cap Value ETF (FELV)

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

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

Performance

Period	FFLC	FELV
30 Days	2.14%	4.38%
60 Days	3.92%	5.85%
90 Days	6.30%	7.57%
12 Months	37.29%	29.90%

36 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in FELV	Overlap
AAPL	C	4.26%	0.19%	0.19%
ABBV	D	0.61%	0.85%	0.61%
AMT	D	0.43%	0.14%	0.14%
AMZN	C	2.89%	0.08%	0.08%
AVGO	D	1.98%	0.12%	0.12%
BAC	A	2.18%	1.77%	1.77%
BMY	B	0.92%	0.84%	0.84%
BSX	B	1.35%	0.19%	0.19%
CCI	D	0.61%	0.57%	0.57%
CEG	D	1.06%	0.17%	0.17%
CI	F	1.23%	0.6%	0.6%
CMCSA	B	1.69%	1.13%	1.13%
CSCO	B	1.1%	1.07%	1.07%
EIX	B	1.31%	0.17%	0.17%
ELV	F	0.63%	0.11%	0.11%
ETN	A	1.02%	0.76%	0.76%
GD	F	0.38%	0.14%	0.14%
GE	D	1.61%	1.05%	1.05%
GEV	B	0.87%	0.28%	0.28%
GILD	C	0.27%	0.92%	0.27%
LIN	D	0.2%	0.46%	0.2%
LOW	D	1.06%	0.07%	0.07%
MA	C	0.85%	0.28%	0.28%
META	D	4.7%	0.21%	0.21%
NOC	D	0.25%	0.63%	0.25%
NVDA	C	5.71%	0.17%	0.17%
PNC	B	1.01%	0.7%	0.7%
SO	D	1.72%	0.12%	0.12%
SPG	B	0.18%	0.18%	0.18%
TMO	F	1.18%	0.73%	0.73%
TMUS	B	0.2%	0.56%	0.2%
TRV	B	0.87%	0.28%	0.28%
UNH	C	1.72%	1.57%	1.57%
UPS	C	0.78%	0.06%	0.06%
WFC	A	1.82%	1.22%	1.22%
XOM	B	2.88%	2.51%	2.51%

FFLC Overweight 51 Positions Relative to FELV

Symbol	Grade	Weight
MSFT	F	6.98%
GOOGL	C	3.2%
LLY	F	1.85%
FI	A	1.34%
V	A	1.31%
SAP	B	1.15%
KVUE	A	1.04%
KDP	D	1.0%
INTU	C	1.0%
ORCL	B	0.97%
TSM	B	0.97%
KO	D	0.94%
USB	A	0.94%
URI	B	0.92%
APH	A	0.85%
MOD	A	0.84%
ALSN	B	0.83%
RPRX	D	0.76%
REGN	F	0.75%
CB	C	0.73%
BA	F	0.72%
VRT	B	0.66%
HRB	D	0.64%
COST	B	0.63%
UBER	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%
DEO	F	0.43%
MAR	B	0.42%
AJG	B	0.41%
WSM	B	0.4%
GEN	B	0.37%
COR	B	0.37%
LEN	D	0.36%
ABNB	C	0.33%
GSK	F	0.3%
HII	D	0.29%
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%

FFLC Underweight 296 Positions Relative to FELV

Symbol	Grade	Weight
BRK.A	B	-3.64%
JPM	A	-2.93%
WMT	A	-1.76%
PM	B	-1.31%
PG	A	-1.24%
JNJ	D	-1.02%
T	A	-1.02%
SCHW	B	-0.88%
MU	D	-0.86%
PFE	D	-0.85%
INTC	D	-0.85%
NEE	D	-0.81%
DIS	B	-0.8%
PYPL	B	-0.79%
UNP	C	-0.75%
BDX	F	-0.74%
SQ	B	-0.7%
RTX	C	-0.7%
VZ	C	-0.68%
RSG	A	-0.66%
LMT	D	-0.64%
SPGI	C	-0.63%
BK	A	-0.63%
CVNA	B	-0.62%
MMM	D	-0.6%
AON	A	-0.59%
SEIC	B	-0.58%
PPG	F	-0.57%
CME	A	-0.57%
NSC	B	-0.57%
COP	C	-0.56%
ABT	B	-0.54%
CL	D	-0.54%
CAT	B	-0.54%
ALLE	D	-0.54%
MS	A	-0.54%
TXT	D	-0.53%
CVX	A	-0.53%
EOG	A	-0.53%
ZM	B	-0.52%
PSA	D	-0.52%
TT	A	-0.52%
ECL	D	-0.5%
QCOM	F	-0.5%
SSNC	B	-0.5%
DD	D	-0.48%
C	A	-0.48%
LDOS	C	-0.47%
COF	B	-0.47%
CACI	D	-0.46%
LHX	C	-0.45%
HD	A	-0.45%
WAB	B	-0.45%
CTAS	B	-0.43%
DBX	B	-0.42%
AMAT	F	-0.42%
MDT	D	-0.4%
PCG	A	-0.39%
PCAR	B	-0.39%
UNM	A	-0.38%
MMC	B	-0.38%
ADBE	C	-0.37%
BLK	C	-0.37%
IGT	F	-0.36%
L	A	-0.35%
PGR	A	-0.35%
EXEL	B	-0.35%
TPH	D	-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%
TOL	B	-0.28%
GL	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%
VICI	C	-0.25%
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%
KMI	A	-0.24%
TFC	A	-0.24%
CNC	D	-0.23%
CINF	A	-0.22%
ED	D	-0.22%
Z	A	-0.22%
DOCU	A	-0.22%
OC	A	-0.22%
CRM	B	-0.22%
DOC	D	-0.22%
INCY	C	-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%
NFLX	A	-0.19%
DTE	C	-0.19%
USFD	A	-0.19%
FTI	A	-0.19%
ALL	A	-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%
DHR	F	-0.17%
PRU	A	-0.17%
IQV	D	-0.17%
LNW	D	-0.17%
MKL	A	-0.17%
ACA	A	-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%
HUM	C	-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%
NTAP	C	-0.12%
ITW	B	-0.12%
WMB	A	-0.12%
EEFT	B	-0.12%
HWM	A	-0.12%
KHC	F	-0.12%
UHS	D	-0.12%
BLD	D	-0.11%
AIZ	A	-0.11%
QRVO	F	-0.11%
EA	A	-0.11%
ENS	D	-0.11%
ROST	C	-0.11%
BCC	B	-0.11%
GRMN	B	-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%
TRGP	B	-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%
VRTX	F	-0.09%
CRUS	D	-0.09%
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%
WCC	B	-0.07%
NWL	B	-0.06%
NWSA	B	-0.06%
EW	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%
SYF	B	-0.03%
TFX	F	-0.03%
KLAC	D	-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%
PHM	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%