FFLC vs. USCA ETF Comparison

Comparison of Fidelity Fundamental Large Cap Core ETF (FFLC) to Xtrackers MSCI USA Climate Action Equity ETF (USCA)

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

USCA

Xtrackers MSCI USA Climate Action Equity ETF

USCA Description

The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, before fees and expenses, of the underlying index, which is comprised of large and mid-capitalization companies in the United States that the underlying index"s methodology assesses as leading their sector peers in taking action relating to a climate transition. The fund will invest at least 80% of its total assets in component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.72

Average Daily Volume

99,900

Number of Holdings ^*

293

* may have additional holdings in another (foreign) market

Performance

Period	FFLC	USCA
30 Days	2.14%	3.84%
60 Days	3.92%	5.61%
90 Days	6.30%	7.33%
12 Months	37.29%	34.59%

50 Overlapping Holdings

Symbol	Grade	Weight in FFLC	Weight in USCA	Overlap
AAPL	C	4.26%	5.22%	4.26%
ABBV	D	0.61%	0.81%	0.61%
ABNB	C	0.33%	0.16%	0.16%
AJG	B	0.41%	0.17%	0.17%
AMT	D	0.43%	0.24%	0.24%
AMZN	C	2.89%	5.12%	2.89%
APO	B	0.61%	0.17%	0.17%
AVGO	D	1.98%	2.03%	1.98%
BAC	A	2.18%	0.88%	0.88%
BMY	B	0.92%	0.32%	0.32%
BSX	B	1.35%	0.35%	0.35%
CB	C	0.73%	0.3%	0.3%
CCI	D	0.61%	0.12%	0.12%
CEG	D	1.06%	0.19%	0.19%
CMCSA	B	1.69%	0.46%	0.46%
CSCO	B	1.1%	0.63%	0.63%
ETN	A	1.02%	0.39%	0.39%
FDX	B	0.58%	0.19%	0.19%
FI	A	1.34%	0.33%	0.33%
GEN	B	0.37%	0.05%	0.05%
GILD	C	0.27%	0.31%	0.27%
GOOGL	C	3.2%	2.33%	2.33%
HLT	A	0.52%	0.17%	0.17%
INTU	C	1.0%	0.53%	0.53%
KDP	D	1.0%	0.1%	0.1%
KO	D	0.94%	0.69%	0.69%
LIN	D	0.2%	0.59%	0.2%
LLY	F	1.85%	1.71%	1.71%
MA	C	0.85%	1.16%	0.85%
MAR	B	0.42%	0.19%	0.19%
MELI	D	0.2%	0.23%	0.2%
META	D	4.7%	3.41%	3.41%
MLM	B	0.49%	0.1%	0.1%
MSFT	F	6.98%	4.41%	4.41%
NVDA	C	5.71%	6.73%	5.71%
ORCL	B	0.97%	0.83%	0.83%
REGN	F	0.75%	0.22%	0.22%
SO	D	1.72%	0.26%	0.26%
SPG	B	0.18%	0.16%	0.16%
TMO	F	1.18%	0.55%	0.55%
TMUS	B	0.2%	0.34%	0.2%
TRV	B	0.87%	0.16%	0.16%
UBER	D	0.61%	0.36%	0.36%
UNH	C	1.72%	1.47%	1.47%
UPS	C	0.78%	0.26%	0.26%
USB	A	0.94%	0.21%	0.21%
V	A	1.31%	1.31%	1.31%
WFC	A	1.82%	0.69%	0.69%
WSM	B	0.4%	0.04%	0.04%
XOM	B	2.88%	1.46%	1.46%

FFLC Overweight 37 Positions Relative to USCA

Symbol	Grade	Weight
GE	D	1.61%
EIX	B	1.31%
CI	F	1.23%
SAP	B	1.15%
LOW	D	1.06%
KVUE	A	1.04%
PNC	B	1.01%
TSM	B	0.97%
URI	B	0.92%
GEV	B	0.87%
APH	A	0.85%
MOD	A	0.84%
ALSN	B	0.83%
RPRX	D	0.76%
BA	F	0.72%
VRT	B	0.66%
HRB	D	0.64%
ELV	F	0.63%
COST	B	0.63%
KNX	B	0.59%
WSO	A	0.56%
NVO	D	0.53%
DOX	D	0.53%
DEO	F	0.43%
GD	F	0.38%
COR	B	0.37%
LEN	D	0.36%
GSK	F	0.3%
HII	D	0.29%
NOC	D	0.25%
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 243 Positions Relative to USCA

Symbol	Grade	Weight
TSLA	B	-2.41%
GOOG	C	-2.02%
JPM	A	-1.87%
HD	A	-1.08%
PG	A	-1.06%
WMT	A	-1.01%
JNJ	D	-0.98%
NFLX	A	-0.97%
CRM	B	-0.86%
CVX	A	-0.76%
MRK	F	-0.67%
ADBE	C	-0.64%
PEP	F	-0.61%
ACN	C	-0.61%
AMD	F	-0.6%
MCD	D	-0.58%
NOW	A	-0.57%
ABT	B	-0.54%
DIS	B	-0.54%
CAT	B	-0.51%
GS	A	-0.51%
IBM	C	-0.51%
TXN	C	-0.5%
QCOM	F	-0.49%
BKNG	A	-0.47%
VZ	C	-0.46%
AXP	A	-0.45%
MS	A	-0.44%
SPGI	C	-0.44%
DHR	F	-0.44%
AMGN	D	-0.43%
T	A	-0.43%
BLK	C	-0.42%
PGR	A	-0.41%
NEE	D	-0.41%
PFE	D	-0.4%
UNP	C	-0.39%
COP	C	-0.36%
BX	A	-0.35%
VRTX	F	-0.34%
PANW	C	-0.34%
ADP	B	-0.33%
PLTR	B	-0.32%
SCHW	B	-0.32%
SBUX	A	-0.3%
PLD	D	-0.29%
INTC	D	-0.29%
ADI	D	-0.29%
MMC	B	-0.29%
DE	A	-0.28%
SHW	A	-0.26%
NKE	D	-0.25%
TT	A	-0.25%
MDLZ	F	-0.24%
WM	A	-0.24%
ICE	C	-0.24%
SNPS	B	-0.23%
CDNS	B	-0.23%
DUK	C	-0.23%
EQIX	A	-0.23%
PYPL	B	-0.23%
CME	A	-0.22%
ITW	B	-0.22%
WELL	A	-0.22%
MCK	B	-0.22%
CMG	B	-0.22%
EOG	A	-0.21%
CTAS	B	-0.21%
MCO	B	-0.21%
CRWD	B	-0.21%
ZTS	D	-0.21%
MMM	D	-0.2%
AON	A	-0.2%
EMR	A	-0.2%
CVS	D	-0.19%
CSX	B	-0.19%
TGT	F	-0.19%
CL	D	-0.19%
ADSK	A	-0.18%
GM	B	-0.18%
FCX	D	-0.17%
SLB	C	-0.17%
OKE	A	-0.17%
ECL	D	-0.17%
SRE	A	-0.16%
BK	A	-0.16%
JCI	C	-0.16%
ROP	B	-0.16%
PCAR	B	-0.16%
NSC	B	-0.16%
FTNT	C	-0.16%
KMI	A	-0.15%
DLR	B	-0.15%
WDAY	B	-0.15%
FIS	C	-0.14%
AIG	B	-0.14%
PWR	A	-0.13%
PAYX	C	-0.13%
O	D	-0.13%
NEM	D	-0.13%
WCN	A	-0.13%
D	C	-0.13%
CMI	A	-0.13%
CPRT	A	-0.13%
AEP	D	-0.13%
F	C	-0.12%
MNST	C	-0.12%
DFS	B	-0.12%
PEG	A	-0.12%
ODFL	B	-0.12%
BKR	B	-0.12%
KMB	D	-0.12%
RSG	A	-0.12%
AME	A	-0.12%
SQ	B	-0.12%
STZ	D	-0.11%
EW	C	-0.11%
TEAM	A	-0.11%
CTVA	C	-0.11%
CBRE	B	-0.11%
CTSH	B	-0.11%
VRSK	A	-0.11%
HES	B	-0.11%
IT	C	-0.11%
IDXX	F	-0.1%
HUBS	A	-0.1%
HIG	B	-0.1%
GIS	D	-0.1%
CHTR	C	-0.1%
ACGL	D	-0.1%
IQV	D	-0.1%
DELL	C	-0.1%
LULU	C	-0.1%
EXC	C	-0.1%
XEL	A	-0.1%
YUM	B	-0.1%
A	D	-0.1%
SNOW	C	-0.1%
AVB	B	-0.09%
EBAY	D	-0.09%
VICI	C	-0.09%
GRMN	B	-0.09%
EFX	F	-0.09%
ROK	B	-0.09%
ED	D	-0.09%
NDAQ	A	-0.09%
OXY	D	-0.09%
HUM	C	-0.09%
DD	D	-0.09%
WAB	B	-0.09%
NUE	C	-0.09%
FANG	D	-0.09%
STT	A	-0.08%
DOV	A	-0.08%
XYL	D	-0.08%
PPG	F	-0.08%
GPN	B	-0.08%
ANSS	B	-0.08%
WTW	B	-0.08%
BIIB	F	-0.07%
EQR	B	-0.07%
WST	C	-0.07%
AWK	D	-0.07%
MTD	D	-0.07%
BR	A	-0.07%
HPE	B	-0.07%
CHD	B	-0.07%
FTV	C	-0.07%
DECK	A	-0.07%
TROW	B	-0.07%
NET	B	-0.07%
HSY	F	-0.07%
CBOE	B	-0.06%
CLX	B	-0.06%
NTRS	A	-0.06%
BAH	F	-0.06%
STLD	B	-0.06%
ES	D	-0.06%
ATO	A	-0.06%
WY	D	-0.06%
ZBH	C	-0.06%
WAT	B	-0.06%
PTC	A	-0.06%
K	A	-0.06%
ILMN	D	-0.06%
CSL	C	-0.06%
HUBB	B	-0.06%
TWLO	A	-0.05%
RPM	A	-0.05%
TRMB	B	-0.05%
MANH	D	-0.05%
PINS	D	-0.05%
EXPD	D	-0.05%
IEX	B	-0.05%
PNR	A	-0.05%
ULTA	F	-0.05%
MRO	B	-0.05%
WRB	A	-0.05%
ARE	D	-0.05%
LVS	C	-0.05%
ZS	C	-0.05%
FDS	B	-0.05%
MKC	D	-0.05%
TRU	D	-0.05%
BALL	D	-0.05%
LH	C	-0.05%
FSLR	F	-0.05%
LII	A	-0.05%
AKAM	D	-0.04%
RVTY	F	-0.04%
INCY	C	-0.04%
ACM	A	-0.04%
TW	A	-0.04%
EL	F	-0.04%
LNT	A	-0.04%
DOC	D	-0.04%
JBHT	C	-0.04%
GGG	B	-0.04%
KIM	A	-0.04%
AVY	D	-0.04%
OC	A	-0.04%
WYNN	D	-0.03%
WTRG	B	-0.03%
CRL	C	-0.03%
CTLT	B	-0.03%
CCK	C	-0.03%
SNAP	C	-0.03%
TAP	C	-0.03%
PAYC	B	-0.03%
BXP	D	-0.03%
DAY	B	-0.03%
CG	A	-0.03%
ALB	C	-0.03%
OKTA	C	-0.03%
JKHY	D	-0.03%
REG	B	-0.03%
H	B	-0.02%
BSY	D	-0.02%
MTCH	D	-0.02%
DVA	B	-0.02%
TFX	F	-0.02%
CPB	D	-0.02%
MGM	D	-0.02%