FFLV vs. FBCV ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to Fidelity Blue Chip Value ETF (FBCV)

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLV Description

The fund will normally invest at least 80% of the fund"s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.94

Average Daily Volume

878

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

FBCV

Fidelity Blue Chip Value ETF

FBCV Description

The investment seeks long-term growth of capital. Normally the fund invests at least 80% of assets in blue chip companies (companies that, in Fidelity Management & Research Company LLC's (FMR) view, are well-known, well-established and well-capitalized), which generally have large or medium market capitalizations. It invests in companies that manager believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.73

Average Daily Volume

11,069

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	FBCV
30 Days	3.62%	2.38%
60 Days	5.11%	3.66%
90 Days	5.96%	5.15%
12 Months		21.44%

40 Overlapping Holdings

Symbol	Grade	Weight in FFLV	Weight in FBCV	Overlap
AES	F	0.54%	0.56%	0.54%
ALSN	B	1.38%	0.3%	0.3%
APO	B	1.37%	0.77%	0.77%
AR	B	0.2%	0.12%	0.12%
AZN	F	1.09%	1.83%	1.09%
BAC	A	2.34%	2.36%	2.34%
BRK.A	B	1.04%	2.65%	1.04%
CB	C	0.76%	1.75%	0.76%
CCI	C	0.14%	0.76%	0.14%
CI	D	1.59%	2.77%	1.59%
CMCSA	B	2.31%	2.85%	2.31%
CNC	D	0.96%	2.14%	0.96%
CSCO	B	3.48%	2.17%	2.17%
CVS	D	1.21%	1.27%	1.21%
DOX	D	0.84%	1.13%	0.84%
EIX	B	1.58%	1.5%	1.5%
ELV	F	1.96%	1.36%	1.36%
FDX	B	1.7%	0.91%	0.91%
G	B	0.26%	0.32%	0.26%
GEN	B	0.83%	1.35%	0.83%
HRB	D	0.27%	1.7%	0.27%
JCI	B	1.84%	0.76%	0.76%
JNJ	C	2.03%	1.78%	1.78%
JPM	A	4.36%	3.47%	3.47%
KDP	F	0.8%	1.2%	0.8%
KO	D	0.57%	1.38%	0.57%
KVUE	A	1.95%	1.98%	1.95%
LMT	D	0.68%	1.24%	0.68%
LOW	C	0.58%	1.06%	0.58%
MRK	D	0.88%	0.87%	0.87%
PCG	A	1.49%	2.45%	1.49%
RRX	B	0.69%	0.69%	0.69%
SNY	F	0.17%	0.3%	0.17%
SRE	A	0.89%	0.83%	0.83%
TPR	B	0.17%	0.31%	0.17%
TRV	B	2.2%	2.81%	2.2%
UNH	B	2.23%	2.81%	2.23%
USFD	A	1.49%	1.0%	1.0%
WFC	A	3.09%	1.64%	1.64%
XOM	B	4.54%	4.38%	4.38%

FFLV Overweight 68 Positions Relative to FBCV

Symbol	Grade	Weight
HIG	B	2.6%
PLD	F	1.66%
WELL	A	1.32%
SJM	D	1.24%
WLK	D	1.01%
RJF	A	1.01%
TKR	D	0.99%
MCHP	F	0.94%
COR	B	0.88%
AFG	A	0.87%
TSM	B	0.86%
TRGP	A	0.84%
GPK	C	0.82%
UHAL	D	0.8%
ORI	A	0.75%
GDDY	A	0.7%
FLR	B	0.68%
TPX	B	0.67%
CNXC	F	0.67%
PSA	C	0.65%
LW	C	0.65%
SNX	D	0.61%
BCO	F	0.6%
WCC	B	0.58%
XPO	B	0.58%
BC	C	0.58%
CG	B	0.56%
ALLY	C	0.54%
CEG	C	0.52%
KEY	B	0.52%
HPQ	B	0.47%
SW	A	0.47%
VST	A	0.46%
UFPI	C	0.46%
GMS	B	0.46%
GPN	B	0.44%
LAD	A	0.43%
IPG	D	0.42%
APTV	F	0.39%
FAF	A	0.38%
GTES	A	0.38%
DOOO	F	0.37%
LPX	B	0.36%
OLN	F	0.33%
HRI	C	0.32%
CC	C	0.31%
AAP	D	0.31%
DAR	C	0.31%
HOG	D	0.3%
LITE	B	0.29%
SLM	A	0.28%
CPT	B	0.28%
MDU	D	0.27%
UPBD	B	0.26%
BG	D	0.25%
OMF	A	0.24%
PM	B	0.22%
NXST	C	0.22%
VSTS	C	0.22%
CIEN	C	0.22%
TEX	F	0.21%
COMP	B	0.2%
SIG	B	0.2%
MOH	F	0.13%
EWBC	A	0.13%
FCNCA	A	0.12%
WBS	A	0.11%
FTRE	D	0.07%

FFLV Underweight 44 Positions Relative to FBCV

Symbol	Grade	Weight
DIS	B	-2.37%
BLK	B	-2.06%
DE	B	-2.03%
BMY	B	-1.7%
NOC	D	-1.38%
CTSH	B	-1.35%
PNC	B	-1.33%
PG	C	-1.26%
WTW	B	-1.23%
GILD	C	-1.13%
NGG	D	-1.11%
PNR	A	-1.1%
CF	A	-0.99%
HLN	C	-0.98%
ROST	D	-0.97%
MTB	A	-0.96%
USB	A	-0.87%
NTRS	A	-0.86%
CCEP	C	-0.74%
MDLZ	F	-0.74%
CCK	D	-0.73%
TSN	B	-0.72%
NEE	C	-0.67%
EQNR	C	-0.66%
LHX	C	-0.64%
BJ	A	-0.63%
DEO	F	-0.62%
MMS	F	-0.59%
MU	D	-0.5%
OXY	D	-0.49%
SPG	A	-0.45%
CMI	A	-0.41%
MUSA	B	-0.39%
SO	C	-0.38%
CHRW	B	-0.38%
OVV	B	-0.28%
OTEX	F	-0.28%
GEV	B	-0.26%
BNTX	C	-0.26%
CFR	B	-0.21%
OSK	C	-0.16%
NXPI	D	-0.15%
AVGO	D	-0.14%
ULTA	F	-0.1%