FMAG vs. FLLV ETF Comparison

Comparison of Fidelity Magellan ETF (FMAG) to Franklin Liberty U.S. Low Volatility ETF (FLLV)

FMAG

Fidelity Magellan ETF

FMAG Description

The investment seeks long-term growth of capital. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. Instead, the fund publishes each business day on its website a Tracking Basket, which is designed to closely track the daily performance of the fund but is not the fund's actual portfolio. The fund normally invests primarily in equity securities. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.26

Average Daily Volume

44,724

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLLV

Franklin Liberty U.S. Low Volatility ETF

FLLV Description

The fund seeks capital appreciation with an emphasis on lower volatility than the broader equity market, as measured by the Russell 1000 Index. The fund applies a fundamentally driven %u201Cbottom-up%u201D research process to identify stocks that exhibit strong fundamental characteristics and screens for stocks with the lowest realized volatility scores, based on our proprietary quantitative model, relative to their corresponding sectors. Risk considerations are incorporated into the final stock selection process.

Grade (RS Rating)

Last Trade

$53.95

Average Daily Volume

10,381

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMAG	FLLV
30 Days	1.45%	2.83%
60 Days	2.25%	0.76%
90 Days	5.37%	3.21%
12 Months	37.42%	16.23%

16 Overlapping Holdings

Symbol	Grade	Weight in FMAG	Weight in FLLV	Overlap
ACN	F	1.57%	1.43%	1.43%
AJG	B	1.29%	1.17%	1.17%
AME	D	1.13%	1.05%	1.05%
AMZN	B	4.7%	1.44%	1.44%
APH	A	1.36%	2.01%	1.36%
AZO	D	1.25%	1.32%	1.25%
GOOGL	B	3.13%	1.61%	1.61%
INTU	C	1.4%	1.59%	1.4%
LIN	D	1.68%	0.87%	0.87%
MA	D	2.02%	1.14%	1.14%
MSFT	C	8.28%	1.72%	1.72%
SNPS	C	1.18%	1.54%	1.18%
SPGI	B	1.35%	1.05%	1.05%
UNH	B	2.02%	1.04%	1.04%
V	C	2.13%	1.14%	1.14%
VRSK	B	1.09%	1.06%	1.06%

FMAG Overweight 40 Positions Relative to FLLV

Symbol	Grade	Weight
NVDA	B	6.16%
META	D	3.75%
LLY	C	2.45%
AVGO	C	2.36%
TMO	B	1.87%
COST	B	1.77%
GE	C	1.69%
GOOG	B	1.61%
UBER	D	1.45%
TDG	C	1.43%
MLM	C	1.42%
ETN	B	1.41%
LRCX	D	1.4%
KLAC	A	1.36%
CTAS	B	1.36%
HLT	D	1.35%
MMC	B	1.33%
CDW	D	1.3%
PWR	C	1.29%
BSX	B	1.28%
TJX	B	1.28%
MCO	A	1.27%
CPRT	D	1.26%
URI	C	1.26%
IT	D	1.26%
SHW	D	1.26%
ADP	C	1.24%
MSI	A	1.24%
ABNB	D	1.23%
CDNS	D	1.22%
HEI	C	1.22%
VMC	B	1.2%
ZTS	C	1.19%
ASML	D	1.18%
ORLY	D	1.18%
MAR	D	1.13%
NVO	B	1.1%
WSO	A	1.09%
ARES	A	1.08%
WCN	D	1.01%

FMAG Underweight 65 Positions Relative to FLLV

Symbol	Grade	Weight
VNT	D	-1.81%
ORCL	C	-1.73%
TXN	A	-1.71%
ANSS	D	-1.71%
IBM	D	-1.64%
ADI	A	-1.62%
PTC	D	-1.62%
ROP	D	-1.5%
CSCO	D	-1.49%
KEYS	D	-1.48%
PGR	B	-1.47%
AAPL	B	-1.45%
TSCO	B	-1.45%
VZ	C	-1.37%
NYT	B	-1.35%
MRK	C	-1.31%
NVR	D	-1.28%
ADBE	F	-1.26%
JPM	A	-1.24%
LOW	D	-1.21%
AMGN	B	-1.19%
RSG	D	-1.17%
GD	B	-1.17%
MET	A	-1.16%
ROST	D	-1.15%
NDAQ	D	-1.15%
ICE	C	-1.15%
CMCSA	D	-1.14%
DTM	A	-1.13%
ABBV	D	-1.13%
CL	A	-1.13%
HD	D	-1.13%
MS	A	-1.11%
MCD	F	-1.09%
PFE	C	-1.08%
XOM	B	-1.07%
PG	A	-1.07%
MDT	C	-1.07%
WMB	A	-1.06%
FAST	D	-1.05%
ABT	F	-1.05%
BDX	F	-1.05%
IEX	D	-1.05%
LMT	B	-1.05%
BLK	C	-1.04%
JNJ	D	-1.03%
KO	A	-1.01%
CVX	B	-1.01%
PEP	B	-1.0%
ECL	B	-0.99%
HON	B	-0.98%
ITW	D	-0.97%
PM	A	-0.97%
MDLZ	B	-0.94%
BMY	F	-0.91%
SBUX	F	-0.89%
MAA	C	-0.89%
LBRDK	D	-0.88%
NEE	A	-0.87%
PSA	C	-0.82%
SO	A	-0.8%
FR	D	-0.8%
DUK	B	-0.78%
CVS	F	-0.78%
APD	C	-0.76%