FFLG vs. MMSC ETF Comparison

Comparison of Fidelity Fundamental Large Cap Growth ETF (FFLG) to First Trust Multi-Manager Small (MMSC)

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. 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 fund invests in both US and non-US companies. 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 Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$23.88

Average Daily Volume

45,976

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

MMSC

First Trust Multi-Manager Small

MMSC Description

First Trust Multi-Manager Small is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Driehaus Capital Management LLC and Stephens Investment Management Group. It invests in the public equity markets of global region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of small cap companies, within the market capitalization range of the Russell 2000 Growth Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs external research to create its portfolio. First Trust Multi-Manager Small was formed on October 13, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$20.49

Average Daily Volume

9,346

Number of Holdings ^*

179

* may have additional holdings in another (foreign) market

Performance

Period	FFLG	MMSC
30 Days	3.09%	2.66%
60 Days	5.70%	4.70%
90 Days	1.09%	6.10%
12 Months	45.65%	32.54%

9 Overlapping Holdings

Symbol	Grade	Weight in FFLG	Weight in MMSC	Overlap
COHR	C	0.16%	0.88%	0.16%
CVNA	B	0.66%	0.79%	0.66%
INTA	C	0.36%	0.4%	0.36%
MGNI	D	0.29%	0.24%	0.24%
NUVL	D	0.11%	0.51%	0.11%
PCVX	C	0.4%	1.37%	0.4%
PSTG	F	0.15%	0.29%	0.15%
TMDX	C	0.46%	1.34%	0.46%
VRT	C	1.2%	0.45%	0.45%

FFLG Overweight 91 Positions Relative to MMSC

Symbol	Grade	Weight
MSFT	C	10.56%
NVDA	C	7.82%
META	B	5.36%
AMZN	C	5.21%
GOOG	D	4.66%
UBER	C	3.45%
TMUS	B	2.86%
GOOGL	D	2.8%
ROKU	D	2.65%
AAPL	C	2.2%
UNH	C	2.14%
AMD	C	1.93%
ON	D	1.9%
BSX	B	1.88%
SQ	D	1.85%
FLEX	B	1.84%
NXPI	D	1.81%
SE	B	1.73%
V	C	1.57%
GPN	D	1.32%
LLY	D	1.25%
LPLA	D	1.04%
ADBE	F	1.01%
FND	C	0.97%
MDB	D	0.92%
ORCL	B	0.91%
HUM	F	0.89%
MQ	F	0.87%
SNAP	D	0.87%
EPAM	F	0.86%
NOW	C	0.84%
MRVL	D	0.8%
CRM	C	0.77%
BA	F	0.74%
ZI	D	0.68%
DT	C	0.67%
PCG	C	0.64%
DDOG	D	0.64%
TSM	C	0.64%
MA	B	0.59%
INTU	D	0.58%
HUBS	D	0.55%
CYTK	F	0.55%
NFLX	B	0.55%
PEN	D	0.54%
DLO	F	0.51%
CNC	D	0.5%
CEG	C	0.49%
JBL	C	0.47%
AGL	F	0.46%
TMO	B	0.42%
BJ	D	0.4%
LOW	B	0.4%
DHR	B	0.38%
AMT	C	0.38%
AR	C	0.34%
LYFT	D	0.29%
GFS	F	0.28%
AMAT	D	0.26%
LITE	B	0.26%
ACVA	C	0.25%
DV	F	0.23%
ARGX	B	0.22%
OVV	F	0.22%
CLDX	F	0.22%
PANW	D	0.19%
LULU	D	0.17%
ETN	C	0.17%
BE	F	0.14%
KO	B	0.14%
APO	B	0.12%
MRNA	F	0.1%
ACN	C	0.1%
NVO	F	0.1%
REGN	D	0.1%
ALNY	C	0.1%
CHTR	D	0.09%
ZNTL	D	0.08%
KROS	C	0.07%
ALXO	F	0.06%
SNOW	F	0.06%
W	C	0.05%
ANET	C	0.05%
FSLR	C	0.05%
AVGO	C	0.04%
VLTO	B	0.04%
ARM	C	0.03%
LEN	B	0.02%
TSLA	C	0.01%
ASND	C	0.0%
ALHC	C	0.0%

FFLG Underweight 170 Positions Relative to MMSC

Symbol	Grade	Weight
AXON	B	-2.04%
CYBR	B	-1.68%
BRBR	B	-1.38%
CRNX	D	-1.31%
WING	C	-1.24%
VRNS	B	-1.21%
AAON	B	-1.16%
PLMR	C	-1.15%
SGBX	F	-1.0%
MANH	B	-0.99%
SPSC	D	-0.93%
FTI	D	-0.92%
ONTO	C	-0.91%
MOD	C	-0.89%
AVAV	C	-0.88%
BFAM	C	-0.87%
GKOS	C	-0.87%
KTOS	B	-0.86%
FRPT	C	-0.82%
RBC	B	-0.79%
HQY	C	-0.78%
GWRE	B	-0.77%
MNDY	C	-0.76%
SFM	B	-0.76%
XENE	F	-0.75%
CW	B	-0.73%
HALO	D	-0.72%
RYAN	C	-0.71%
FCN	C	-0.71%
NTRA	C	-0.71%
EXEL	C	-0.69%
TTEK	C	-0.69%
EZPW	D	-0.69%
KNF	C	-0.68%
TNDM	D	-0.68%
MMS	B	-0.67%
CWAN	C	-0.67%
LGND	D	-0.66%
HEI	C	-0.66%
ICFI	C	-0.64%
ACHC	D	-0.64%
IBP	C	-0.63%
ERJ	C	-0.62%
MGY	D	-0.61%
SMTC	C	-0.6%
VIRT	C	-0.59%
ECPG	D	-0.59%
BCPC	C	-0.59%
MKTX	D	-0.58%
FSS	D	-0.58%
PSN	B	-0.57%
SUPN	D	-0.57%
SITE	D	-0.56%
FIX	B	-0.55%
CR	B	-0.54%
PZZA	D	-0.54%
RVLV	C	-0.53%
RARE	C	-0.52%
SKY	B	-0.52%
PIPR	B	-0.51%
VSEC	D	-0.5%
ITGR	C	-0.49%
RGEN	F	-0.49%
KMPR	D	-0.48%
ATI	C	-0.48%
ENV	C	-0.48%
LTH	C	-0.48%
ASPN	C	-0.47%
SWN	C	-0.47%
BROS	D	-0.47%
MEDP	F	-0.46%
STRL	C	-0.46%
AZEK	C	-0.46%
TREX	F	-0.46%
KYMR	C	-0.46%
MEG	F	-0.45%
KNSL	D	-0.45%
HUBG	C	-0.44%
OSCR	D	-0.44%
GMED	D	-0.44%
TECH	C	-0.44%
WAL	B	-0.43%
FN	C	-0.42%
WHD	D	-0.42%
CRDO	D	-0.42%
NEOG	D	-0.42%
CVLT	B	-0.41%
APPF	C	-0.41%
CRS	C	-0.41%
ITRI	C	-0.4%
EVR	B	-0.4%
ICLR	F	-0.39%
AZTA	F	-0.39%
MTSI	C	-0.39%
BOOT	B	-0.38%
LAD	B	-0.38%
GLOB	D	-0.37%
MRUS	D	-0.37%
ESI	C	-0.37%
POWL	B	-0.37%
TENB	F	-0.37%
BLFS	D	-0.36%
AMRC	B	-0.36%
LNN	C	-0.36%
MOG.A	B	-0.35%
ALSN	B	-0.35%
BMI	B	-0.35%
HSTM	D	-0.34%
S	D	-0.34%
COMP	C	-0.34%
HCI	C	-0.33%
SKWD	B	-0.33%
KRNT	A	-0.33%
AIT	B	-0.33%
ANF	D	-0.33%
SDGR	F	-0.32%
WIX	C	-0.31%
ASO	D	-0.31%
EME	B	-0.3%
ITCI	D	-0.3%
PRO	F	-0.3%
POWI	F	-0.29%
TBBK	C	-0.29%
ALTR	C	-0.29%
MTH	C	-0.29%
BECN	F	-0.28%
IRTC	F	-0.28%
LASR	F	-0.28%
KFY	C	-0.28%
LNTH	D	-0.28%
SITM	B	-0.28%
VERX	D	-0.28%
CGNX	F	-0.27%
UEC	D	-0.27%
TOST	C	-0.27%
SLAB	D	-0.27%
KRYS	D	-0.27%
FIVE	D	-0.27%
RBRK	F	-0.26%
RYTM	C	-0.26%
CHEF	C	-0.26%
QNST	C	-0.25%
ALKT	D	-0.25%
AMBA	C	-0.25%
RXO	D	-0.25%
MAX	C	-0.25%
LSCC	D	-0.24%
RNA	D	-0.24%
CUBI	F	-0.23%
SAIA	D	-0.23%
ENVX	F	-0.22%
GNRC	D	-0.21%
WULF	C	-0.21%
QLYS	D	-0.21%
RMBS	F	-0.2%
LRN	B	-0.2%
AEO	D	-0.19%
FWRG	F	-0.19%
PI	B	-0.18%
DNUT	F	-0.18%
RXST	D	-0.18%
NTNX	D	-0.18%
BRZE	F	-0.17%
PODD	C	-0.15%
ZETA	C	-0.14%
EWTX	C	-0.12%
CELH	F	-0.1%
VECO	F	-0.1%
CSWI	B	-0.06%
INSM	D	-0.06%