FLSP vs. FFLC ETF Comparison

Comparison of Franklin Liberty Systematic Style Premia ETF (FLSP) to Fidelity Fundamental Large Cap Core ETF (FFLC)

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.11

Average Daily Volume

11,449

Number of Holdings ^*

180

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. 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 portfolio includes stocks with growth and/or value characteristics. 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 New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.14

Average Daily Volume

102,251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLSP	FFLC
30 Days	0.69%	1.92%
60 Days	0.06%	3.70%
90 Days	0.73%	6.08%
12 Months	6.54%	37.00%

26 Overlapping Holdings

Symbol	Grade	Weight in FLSP	Weight in FFLC	Overlap
ABBV	D	0.53%	0.61%	0.53%
APH	A	0.2%	0.85%	0.2%
CI	F	0.26%	1.23%	0.26%
CMCSA	B	0.45%	1.69%	0.45%
COR	B	0.04%	0.37%	0.04%
DKS	C	0.06%	0.19%	0.06%
ELV	F	0.37%	0.63%	0.37%
FDX	B	0.29%	0.58%	0.29%
GEN	B	0.09%	0.37%	0.09%
GILD	C	0.49%	0.27%	0.27%
HII	D	0.04%	0.29%	0.04%
INTU	C	0.77%	1.0%	0.77%
LIN	D	0.14%	0.2%	0.14%
LNG	B	0.25%	0.03%	0.03%
MA	C	0.84%	0.85%	0.84%
MELI	D	0.18%	0.2%	0.18%
META	D	0.48%	4.7%	0.48%
MSFT	F	0.59%	6.98%	0.59%
NVDA	C	0.63%	5.71%	0.63%
REGN	F	0.38%	0.75%	0.38%
RPRX	D	0.06%	0.76%	0.06%
SPG	B	0.31%	0.18%	0.18%
TMO	F	0.38%	1.18%	0.38%
UBER	D	0.52%	0.61%	0.52%
V	A	0.62%	1.31%	0.62%
WSM	B	0.07%	0.4%	0.07%

FLSP Overweight 154 Positions Relative to FFLC

Symbol	Grade	Weight
NOW	A	0.81%
CRM	B	0.81%
BKNG	A	0.79%
AMAT	F	0.75%
WMT	A	0.74%
T	A	0.64%
QCOM	F	0.64%
MDT	D	0.59%
TJX	A	0.57%
VRTX	F	0.55%
NVS	D	0.5%
PYPL	B	0.44%
ADBE	C	0.44%
MSI	B	0.42%
MMM	D	0.38%
CL	D	0.37%
CTAS	B	0.37%
CSX	B	0.34%
CDNS	B	0.33%
GM	B	0.33%
ADSK	A	0.32%
AFL	B	0.32%
FTNT	C	0.32%
EOG	A	0.31%
HD	A	0.3%
FICO	B	0.3%
APP	B	0.28%
VST	B	0.27%
MPC	D	0.27%
CMI	A	0.26%
FIS	C	0.26%
HCA	F	0.26%
PH	A	0.25%
BK	A	0.25%
BCS	C	0.25%
TGT	F	0.25%
CPRT	A	0.24%
PSX	C	0.24%
AMP	A	0.24%
EA	A	0.22%
VLO	C	0.22%
MET	A	0.22%
KR	B	0.22%
AIG	B	0.22%
RCL	A	0.22%
SNPS	B	0.21%
A	D	0.21%
CTSH	B	0.2%
KMB	D	0.19%
IQV	D	0.19%
IR	B	0.18%
HPQ	A	0.18%
SYY	B	0.17%
SE	B	0.17%
LULU	C	0.17%
IDXX	F	0.16%
EBAY	D	0.16%
MS	A	0.16%
NUE	C	0.16%
GDDY	A	0.15%
VEEV	C	0.15%
PCAR	B	0.15%
STT	A	0.15%
DVN	F	0.14%
NTAP	C	0.14%
CNC	D	0.14%
AVB	B	0.14%
TROW	B	0.14%
DECK	A	0.14%
LDOS	C	0.14%
MTD	D	0.14%
ANSS	B	0.14%
EXPE	B	0.13%
WAT	B	0.13%
HIG	B	0.13%
CPAY	A	0.13%
BR	A	0.13%
VICI	C	0.13%
ADM	D	0.13%
STLD	B	0.12%
CSL	C	0.12%
TYL	C	0.12%
GOOG	C	0.12%
ZM	B	0.12%
VTR	C	0.12%
CAH	B	0.12%
PHM	D	0.12%
AWK	D	0.11%
FE	C	0.11%
PTC	A	0.11%
PKG	A	0.11%
PG	A	0.11%
BLDR	D	0.11%
UTHR	C	0.1%
LYV	A	0.1%
CBOE	B	0.1%
STX	D	0.1%
LII	A	0.1%
HOLX	D	0.1%
LVS	C	0.1%
K	A	0.1%
LYB	F	0.1%
NRG	B	0.1%
MANH	D	0.09%
TXT	D	0.09%
MAS	D	0.09%
RS	B	0.09%
JBL	B	0.09%
VRSN	F	0.09%
TWLO	A	0.09%
SNA	A	0.09%
DOCU	A	0.09%
MOH	F	0.09%
BBY	D	0.09%
UDR	B	0.08%
VTRS	A	0.08%
ROL	B	0.08%
SSNC	B	0.08%
OC	A	0.08%
CF	B	0.08%
EQH	B	0.08%
MRO	B	0.08%
EXPD	D	0.08%
EL	F	0.08%
UHS	D	0.07%
REG	B	0.07%
CHRW	C	0.07%
FFIV	B	0.07%
DT	C	0.07%
INCY	C	0.07%
AIZ	A	0.07%
DPZ	C	0.07%
AVTR	F	0.07%
SWKS	F	0.07%
NBIX	C	0.07%
L	A	0.07%
FOXA	B	0.06%
TAP	C	0.06%
PAYC	B	0.06%
GLPI	C	0.06%
BG	F	0.06%
OVV	B	0.06%
CRBG	B	0.05%
ACI	C	0.05%
MOS	F	0.05%
CHKP	D	0.05%
MTCH	D	0.05%
SEIC	B	0.05%
TER	D	0.05%
DINO	D	0.04%
WYNN	D	0.04%
AER	B	0.04%
MGM	D	0.04%
ON	D	0.03%

FLSP Underweight 61 Positions Relative to FFLC

Symbol	Grade	Weight
AAPL	C	-4.26%
GOOGL	C	-3.2%
AMZN	C	-2.89%
XOM	B	-2.88%
BAC	A	-2.18%
AVGO	D	-1.98%
LLY	F	-1.85%
WFC	A	-1.82%
SO	D	-1.72%
UNH	C	-1.72%
GE	D	-1.61%
BSX	B	-1.35%
FI	A	-1.34%
EIX	B	-1.31%
SAP	B	-1.15%
CSCO	B	-1.1%
LOW	D	-1.06%
CEG	D	-1.06%
KVUE	A	-1.04%
ETN	A	-1.02%
PNC	B	-1.01%
KDP	D	-1.0%
ORCL	B	-0.97%
TSM	B	-0.97%
KO	D	-0.94%
USB	A	-0.94%
URI	B	-0.92%
BMY	B	-0.92%
GEV	B	-0.87%
TRV	B	-0.87%
MOD	A	-0.84%
ALSN	B	-0.83%
UPS	C	-0.78%
CB	C	-0.73%
BA	F	-0.72%
VRT	B	-0.66%
HRB	D	-0.64%
COST	B	-0.63%
CCI	D	-0.61%
APO	B	-0.61%
KNX	B	-0.59%
WSO	A	-0.56%
NVO	D	-0.53%
DOX	D	-0.53%
HLT	A	-0.52%
MLM	B	-0.49%
AMT	D	-0.43%
DEO	F	-0.43%
MAR	B	-0.42%
AJG	B	-0.41%
GD	F	-0.38%
LEN	D	-0.36%
ABNB	C	-0.33%
GSK	F	-0.3%
NOC	D	-0.25%
TMUS	B	-0.2%
SPR	D	-0.19%
ASML	F	-0.18%
IP	B	-0.18%
KBR	F	-0.17%
MRVL	B	-0.02%