FFLV vs. GNR ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to SPDR S&P Global Natural Resources ETF (GNR)

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

$23.11

Average Daily Volume

884

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

GNR

SPDR S&P Global Natural Resources ETF

GNR Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of an index. The fund employs a replication strategy in seeking to track the performance of the S&P Global Natural Resources Index. It typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. The index is comprised of 90 of the largest U.S. and foreign publicly traded companies, based on market capitalization, in natural resources and commodities businesses that meet certain investability requirements.

Grade (RS Rating)

Last Trade

$55.14

Average Daily Volume

303,978

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	GNR
30 Days	4.61%	-2.18%
60 Days	5.50%	-1.94%
90 Days	6.74%	-2.55%
12 Months		3.25%

6 Overlapping Holdings

Symbol	Grade	Weight in FFLV	Weight in GNR	Overlap
BG	F	0.25%	0.65%	0.25%
DAR	C	0.31%	0.34%	0.31%
GPK	C	0.82%	0.45%	0.45%
LPX	B	0.36%	0.37%	0.36%
SW	A	0.47%	1.37%	0.47%
XOM	B	4.54%	5.29%	4.54%

FFLV Overweight 102 Positions Relative to GNR

Symbol	Grade	Weight
JPM	A	4.36%
CSCO	B	3.48%
WFC	A	3.09%
HIG	B	2.6%
BAC	A	2.34%
CMCSA	B	2.31%
UNH	C	2.23%
TRV	B	2.2%
JNJ	D	2.03%
ELV	F	1.96%
KVUE	A	1.95%
JCI	C	1.84%
FDX	B	1.7%
PLD	D	1.66%
CI	F	1.59%
EIX	B	1.58%
USFD	A	1.49%
PCG	A	1.49%
ALSN	B	1.38%
APO	B	1.37%
WELL	A	1.32%
SJM	D	1.24%
CVS	D	1.21%
AZN	D	1.09%
BRK.A	B	1.04%
WLK	D	1.01%
RJF	A	1.01%
TKR	D	0.99%
CNC	D	0.96%
MCHP	D	0.94%
SRE	A	0.89%
COR	B	0.88%
MRK	F	0.88%
AFG	A	0.87%
TSM	B	0.86%
TRGP	B	0.84%
DOX	D	0.84%
GEN	B	0.83%
KDP	D	0.8%
UHAL	D	0.8%
CB	C	0.76%
ORI	A	0.75%
GDDY	A	0.7%
RRX	B	0.69%
LMT	D	0.68%
FLR	B	0.68%
TPX	B	0.67%
CNXC	F	0.67%
PSA	D	0.65%
LW	C	0.65%
SNX	C	0.61%
BCO	D	0.6%
WCC	B	0.58%
XPO	B	0.58%
LOW	D	0.58%
BC	C	0.58%
KO	D	0.57%
CG	A	0.56%
AES	F	0.54%
ALLY	C	0.54%
CEG	D	0.52%
KEY	B	0.52%
HPQ	B	0.47%
VST	B	0.46%
UFPI	B	0.46%
GMS	B	0.46%
GPN	B	0.44%
LAD	A	0.43%
IPG	D	0.42%
APTV	D	0.39%
FAF	A	0.38%
GTES	A	0.38%
DOOO	F	0.37%
OLN	D	0.33%
HRI	B	0.32%
CC	C	0.31%
AAP	C	0.31%
HOG	D	0.3%
LITE	B	0.29%
SLM	A	0.28%
CPT	B	0.28%
MDU	D	0.27%
HRB	D	0.27%
UPBD	B	0.26%
G	B	0.26%
OMF	A	0.24%
PM	B	0.22%
NXST	C	0.22%
VSTS	C	0.22%
CIEN	B	0.22%
TEX	D	0.21%
AR	B	0.2%
COMP	B	0.2%
SIG	B	0.2%
TPR	B	0.17%
SNY	F	0.17%
CCI	D	0.14%
MOH	F	0.13%
EWBC	A	0.13%
FCNCA	A	0.12%
WBS	A	0.11%
FTRE	D	0.07%

FFLV Underweight 43 Positions Relative to GNR

Symbol	Grade	Weight
CVX	A	-2.71%
FCX	D	-2.68%
CTVA	C	-2.09%
NEM	D	-1.94%
VALE	F	-1.54%
NUE	C	-1.51%
SUZ	C	-1.44%
ADM	D	-1.36%
COP	C	-1.29%
WY	D	-1.17%
PKG	A	-1.1%
IP	B	-1.03%
WFG	D	-1.0%
STLD	B	-0.88%
AVY	D	-0.84%
CF	B	-0.82%
E	F	-0.78%
RS	B	-0.77%
AMCR	D	-0.77%
EOG	A	-0.76%
PKX	F	-0.67%
SLB	C	-0.61%
PBR	C	-0.58%
PSX	C	-0.54%
MPC	D	-0.54%
GFI	D	-0.53%
INGR	B	-0.51%
MT	B	-0.49%
VLO	C	-0.45%
MOS	F	-0.44%
BKR	B	-0.42%
HES	B	-0.39%
SCCO	F	-0.38%
FMC	D	-0.36%
OXY	D	-0.33%
FANG	D	-0.32%
SEE	C	-0.27%
HAL	C	-0.26%
GOLD	D	-0.26%
DVN	F	-0.24%
CTRA	B	-0.18%
SMG	D	-0.16%
EC	D	-0.04%