FFLV vs. VFLO ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to VictoryShares Free Cash Flow ETF (VFLO)

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

$23.28

Average Daily Volume

932

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

VFLO

VictoryShares Free Cash Flow ETF

VFLO Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index provider constructs the index in accordance with a rules-based methodology that selects 50 companies from the S-Network US Equity Large/Mid-Cap 1000 Index. The fund generally seeks to track the returns of the index before fees and expenses by employing a replication strategy that seeks to hold all the stocks in the index.

Grade (RS Rating)

Last Trade

$36.64

Average Daily Volume

395,027

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	VFLO
30 Days	6.23%	10.58%
60 Days	6.54%	11.25%
90 Days	7.37%	11.46%
12 Months		38.54%

10 Overlapping Holdings

Symbol	Grade	Weight in FFLV	Weight in VFLO	Overlap
CI	D	1.59%	3.18%	1.59%
CNC	F	0.96%	1.87%	0.96%
COR	C	0.88%	1.71%	0.88%
ELV	F	1.96%	2.0%	1.96%
GEN	A	0.83%	1.47%	0.83%
MOH	F	0.13%	1.32%	0.13%
MRK	F	0.88%	2.7%	0.88%
SW	B	0.47%	0.22%	0.22%
VST	B	0.46%	3.75%	0.46%
XOM	C	4.54%	2.25%	2.25%

FFLV Overweight 98 Positions Relative to VFLO

Symbol	Grade	Weight
JPM	B	4.36%
CSCO	A	3.48%
WFC	A	3.09%
HIG	B	2.6%
BAC	A	2.34%
CMCSA	C	2.31%
UNH	B	2.23%
TRV	B	2.2%
JNJ	D	2.03%
KVUE	A	1.95%
JCI	C	1.84%
FDX	B	1.7%
PLD	D	1.66%
EIX	A	1.58%
USFD	A	1.49%
PCG	B	1.49%
ALSN	B	1.38%
APO	A	1.37%
WELL	C	1.32%
SJM	D	1.24%
CVS	D	1.21%
AZN	F	1.09%
BRK.A	B	1.04%
WLK	D	1.01%
RJF	A	1.01%
TKR	D	0.99%
MCHP	F	0.94%
SRE	A	0.89%
AFG	A	0.87%
TSM	C	0.86%
TRGP	B	0.84%
DOX	D	0.84%
GPK	C	0.82%
KDP	D	0.8%
UHAL	D	0.8%
CB	D	0.76%
ORI	A	0.75%
GDDY	B	0.7%
RRX	A	0.69%
LMT	D	0.68%
FLR	B	0.68%
TPX	A	0.67%
CNXC	F	0.67%
PSA	C	0.65%
LW	C	0.65%
SNX	C	0.61%
BCO	D	0.6%
WCC	B	0.58%
XPO	B	0.58%
LOW	C	0.58%
BC	C	0.58%
KO	D	0.57%
CG	B	0.56%
AES	F	0.54%
ALLY	C	0.54%
CEG	D	0.52%
KEY	A	0.52%
HPQ	B	0.47%
UFPI	B	0.46%
GMS	B	0.46%
GPN	C	0.44%
LAD	B	0.43%
IPG	C	0.42%
APTV	F	0.39%
FAF	B	0.38%
GTES	A	0.38%
DOOO	F	0.37%
LPX	B	0.36%
OLN	F	0.33%
HRI	B	0.32%
CC	C	0.31%
AAP	C	0.31%
DAR	C	0.31%
HOG	F	0.3%
LITE	B	0.29%
SLM	B	0.28%
CPT	B	0.28%
MDU	F	0.27%
HRB	D	0.27%
UPBD	B	0.26%
G	B	0.26%
BG	F	0.25%
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	A	0.2%
SIG	B	0.2%
TPR	A	0.17%
SNY	F	0.17%
CCI	D	0.14%
EWBC	B	0.13%
FCNCA	B	0.12%
WBS	B	0.11%
FTRE	C	0.07%

FFLV Underweight 40 Positions Relative to VFLO

Symbol	Grade	Weight
EXPE	B	-4.57%
APP	B	-4.19%
ZM	B	-3.37%
BKNG	B	-3.05%
DAL	B	-2.94%
QCOM	F	-2.78%
PCAR	B	-2.77%
MCK	C	-2.73%
ABNB	C	-2.67%
AMGN	D	-2.54%
CAH	B	-2.46%
NRG	C	-2.45%
CVX	B	-2.37%
DOCU	A	-2.14%
WSM	B	-1.88%
VLO	C	-1.87%
TOL	A	-1.84%
PAYX	B	-1.79%
PHM	C	-1.79%
LEN	C	-1.77%
MPC	F	-1.76%
OC	B	-1.74%
FANG	F	-1.72%
COP	D	-1.69%
NTAP	C	-1.6%
EME	B	-1.59%
SNA	A	-1.53%
FFIV	A	-1.5%
EOG	C	-1.45%
DVN	F	-1.4%
UTHR	C	-1.35%
MRO	B	-1.27%
EPAM	C	-1.22%
CTRA	B	-1.19%
SLB	C	-1.14%
HAL	C	-1.11%
OXY	F	-1.08%
EQT	B	-1.06%
PSX	C	-1.01%
BLD	C	-0.99%