FIVA vs. IPAC ETF Comparison

Comparison of Fidelity International Value Factor ETF (FIVA) to iShares Core MSCI Pacific ETF (IPAC)

FIVA

Fidelity International Value Factor ETF

FIVA Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity ® International Value Factor Index. The fund normally invests at least 80% of assets in securities included in the Fidelity ® International Value Factor Index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$24.91

Average Daily Volume

27,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPAC

iShares Core MSCI Pacific ETF

IPAC Description

The investment seeks to track the investment results of the MSCI Pacific Investable Market Index (IMI). The index is a free float-adjusted market-capitalization weighted index which consists of stocks from the following five countries: Australia, Hong Kong, Japan, New Zealand and Singapore. The index may include large-, mid- or small-capitalization companies, and components primarily include consumer discretionary, financials and industrials companies. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index.

Grade (RS Rating)

Last Trade

$63.23

Average Daily Volume

67,156

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FIVA	IPAC
30 Days	-2.15%	1.59%
60 Days	-4.80%	-4.23%
90 Days	-5.27%	-2.59%
12 Months	10.72%	13.92%

1 Overlapping Holdings

	Symbol	Grade	Weight in FIVA	Weight in IPAC	Overlap
	SONY	B	1.47%	1.66%	1.47%

FIVA Overweight 7 Positions Relative to IPAC

Symbol	Grade	Weight
HSBH	B	1.41%
NVS	D	1.25%
TD	F	1.11%
ABBV	D	1.05%
CNI	D	0.93%
BCS	C	0.83%
STLA	F	0.73%

FIVA Underweight 13 Positions Relative to IPAC

Symbol	Grade	Weight
TM	D	-2.55%
MUFG	B	-1.86%
SMFG	B	-1.25%
MFG	B	-0.84%
HMC	F	-0.56%
NMR	B	-0.25%
AGCO	D	-0.09%
MBAVU	D	-0.05%
PIXY	F	-0.02%
CHGX	A	-0.01%
MNTX	C	-0.01%
GCBC	C	-0.0%
RENB	F	-0.0%