FMDE vs. FLQM ETF Comparison

Comparison of Fidelity Enhanced Mid Cap ETF (FMDE) to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM)

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$35.24

Average Daily Volume

151,741

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$58.81

Average Daily Volume

152,262

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	FMDE	FLQM
30 Days	9.00%	7.34%
60 Days	10.33%	5.94%
90 Days	12.62%	7.87%
12 Months	40.21%	32.93%

77 Overlapping Holdings

Symbol	Grade	Weight in FMDE	Weight in FLQM	Overlap
ACGL	D	0.09%	0.61%	0.09%
ALL	B	0.57%	1.09%	0.57%
ALLE	D	0.58%	0.45%	0.45%
ALSN	B	0.37%	0.47%	0.37%
AM	B	0.39%	0.22%	0.22%
AWK	D	0.1%	0.86%	0.1%
AYI	B	0.31%	0.17%	0.17%
BAH	F	0.27%	0.85%	0.27%
BBWI	C	0.04%	0.26%	0.04%
BBY	D	0.03%	0.85%	0.03%
BLDR	C	0.2%	0.85%	0.2%
CACI	D	0.49%	0.27%	0.27%
CDW	F	0.25%	0.73%	0.25%
CF	B	0.03%	0.61%	0.03%
CINF	A	0.13%	0.9%	0.13%
CLX	C	0.65%	0.77%	0.65%
CMI	A	0.94%	0.84%	0.84%
COR	C	0.51%	0.75%	0.51%
CRUS	F	0.44%	0.17%	0.17%
CW	B	0.59%	0.46%	0.46%
DAL	B	0.05%	1.1%	0.05%
DCI	A	0.52%	0.36%	0.36%
DHI	D	0.37%	1.0%	0.37%
DKS	C	0.2%	0.48%	0.2%
DVN	F	0.31%	0.72%	0.31%
EA	C	0.58%	1.13%	0.58%
EBAY	C	0.32%	0.91%	0.32%
EG	C	0.06%	0.58%	0.06%
EGP	D	0.05%	0.24%	0.05%
EXPE	B	0.73%	0.38%	0.38%
FANG	F	0.26%	0.84%	0.26%
FFIV	A	0.54%	0.5%	0.5%
GAP	C	0.49%	0.07%	0.07%
GDDY	B	0.29%	0.89%	0.29%
GL	C	0.54%	0.42%	0.42%
GRMN	A	0.52%	1.17%	0.52%
GWW	A	0.42%	1.16%	0.42%
HIG	B	0.4%	1.05%	0.4%
HPE	B	0.61%	0.93%	0.61%
HPQ	B	0.01%	0.94%	0.01%
HRB	D	0.22%	0.37%	0.22%
IDXX	F	0.61%	0.77%	0.61%
INCY	C	0.6%	0.61%	0.6%
JHG	A	0.07%	0.21%	0.07%
K	A	0.04%	0.37%	0.04%
KR	A	0.73%	1.02%	0.73%
LDOS	D	0.6%	0.37%	0.37%
LNG	B	0.59%	0.96%	0.59%
MANH	C	0.54%	0.76%	0.54%
MSCI	C	0.84%	1.09%	0.84%
NBIX	C	0.44%	0.52%	0.44%
NTAP	C	0.64%	0.91%	0.64%
NVR	D	0.65%	0.79%	0.65%
OVV	C	0.02%	0.46%	0.02%
PHM	C	0.05%	0.99%	0.05%
PLTK	B	0.25%	0.02%	0.02%
RS	B	0.3%	0.7%	0.3%
SEE	C	0.34%	0.2%	0.2%
SEIC	A	0.24%	0.37%	0.24%
SOLV	C	0.39%	0.16%	0.16%
STAG	D	0.01%	0.2%	0.01%
STLD	B	0.47%	0.76%	0.47%
SYF	A	0.36%	1.11%	0.36%
SYY	C	0.11%	0.86%	0.11%
TOL	A	0.62%	0.39%	0.39%
TPL	B	0.14%	1.04%	0.14%
TPR	A	0.51%	0.6%	0.51%
TXRH	A	0.03%	0.51%	0.03%
UAL	B	0.79%	0.54%	0.54%
UHS	D	0.32%	0.48%	0.32%
ULTA	F	0.04%	0.7%	0.04%
UNM	A	0.52%	0.48%	0.48%
UTHR	C	0.35%	0.62%	0.35%
VLTO	C	0.1%	0.49%	0.1%
WEN	D	0.05%	0.06%	0.05%
WSM	B	0.11%	0.82%	0.11%
WU	D	0.33%	0.19%	0.19%

FMDE Overweight 215 Positions Relative to FLQM

Symbol	Grade	Weight
WMB	B	1.12%
BK	A	0.99%
SQ	B	0.97%
SPG	C	0.96%
VST	B	0.94%
HWM	B	0.89%
PRU	A	0.85%
RJF	A	0.78%
CVNA	B	0.75%
CAH	B	0.74%
STT	A	0.72%
RBLX	C	0.72%
WTW	B	0.72%
ROST	C	0.71%
VEEV	B	0.71%
TOST	B	0.69%
TWLO	B	0.67%
ZM	B	0.67%
AXON	B	0.67%
PPG	D	0.66%
CSGP	C	0.66%
DOCU	A	0.65%
NRG	C	0.65%
KEY	A	0.65%
CCL	B	0.65%
VICI	C	0.63%
AIZ	B	0.63%
FIS	D	0.63%
EQH	B	0.62%
EIX	A	0.61%
HUBS	B	0.61%
NUE	D	0.6%
AMP	B	0.6%
CCI	D	0.6%
TXT	D	0.59%
HUBB	B	0.59%
SSNC	A	0.59%
DD	D	0.58%
LYFT	C	0.57%
CNC	F	0.57%
DBX	C	0.56%
DKNG	C	0.56%
TRGP	B	0.56%
FTV	B	0.54%
PYPL	A	0.54%
EXEL	A	0.52%
CNP	A	0.52%
CTAS	B	0.52%
GILD	B	0.51%
MPWR	F	0.51%
QRVO	F	0.5%
MSI	C	0.5%
AMH	C	0.49%
ECL	D	0.49%
CCK	D	0.48%
TDC	D	0.48%
TT	B	0.48%
BURL	B	0.48%
AXTA	A	0.47%
BWXT	B	0.47%
BERY	B	0.46%
PSA	C	0.46%
BRX	A	0.45%
NYT	C	0.45%
MEDP	F	0.45%
HLT	A	0.45%
SWKS	F	0.45%
PEGA	A	0.45%
ANF	C	0.45%
NDAQ	A	0.44%
SNX	C	0.44%
LNW	D	0.44%
WAB	B	0.43%
PLTR	B	0.43%
VMC	B	0.42%
CL	D	0.42%
EVRG	A	0.41%
NVT	B	0.41%
AME	A	0.4%
CPNG	D	0.39%
FIX	A	0.38%
EEFT	B	0.38%
PCAR	B	0.38%
IGT	F	0.38%
VMI	A	0.37%
KLAC	F	0.36%
PCG	B	0.36%
HXL	D	0.35%
LPX	B	0.35%
ZION	B	0.34%
RNG	B	0.34%
DUOL	B	0.33%
IQV	F	0.33%
GIS	D	0.33%
NTNX	B	0.33%
WCC	B	0.33%
BLD	C	0.32%
Z	B	0.32%
EME	B	0.31%
COIN	B	0.31%
CPAY	A	0.31%
APP	B	0.3%
LEN	C	0.29%
EQR	B	0.29%
RGA	A	0.28%
MGM	F	0.28%
XEL	A	0.28%
MTDR	C	0.28%
GLPI	B	0.27%
IFF	D	0.27%
CBOE	B	0.27%
DXCM	C	0.27%
A	D	0.27%
ELAN	F	0.27%
ZG	B	0.26%
BMY	B	0.26%
ZBRA	A	0.25%
BILL	A	0.25%
BRO	B	0.25%
INGR	B	0.24%
LHX	C	0.24%
CFG	B	0.23%
OC	B	0.23%
GTES	A	0.23%
TW	B	0.22%
MTB	B	0.22%
HES	C	0.22%
SBAC	D	0.22%
KMB	C	0.22%
FLS	A	0.21%
DFS	B	0.21%
PCTY	B	0.21%
HII	F	0.21%
ADTN	B	0.2%
GPN	C	0.2%
MKTX	D	0.19%
RCL	B	0.18%
NWSA	B	0.18%
NOC	D	0.18%
ACM	A	0.17%
MKL	A	0.16%
DASH	A	0.16%
WWD	B	0.16%
USFD	A	0.16%
SAM	C	0.15%
DOC	C	0.15%
KD	B	0.15%
GXO	B	0.14%
KMI	B	0.14%
ATI	D	0.13%
ANSS	B	0.13%
REG	B	0.13%
FTI	A	0.12%
CHDN	B	0.12%
ITT	A	0.12%
AES	F	0.12%
CBSH	B	0.11%
MORN	A	0.11%
IBKR	B	0.11%
GEHC	F	0.11%
NWS	B	0.11%
EXC	D	0.11%
ROP	B	0.1%
CTRE	D	0.1%
LUV	B	0.1%
CTRA	B	0.1%
AXS	A	0.09%
ES	D	0.09%
LPLA	B	0.09%
LEG	D	0.08%
XRAY	F	0.08%
MCHP	F	0.08%
WBD	C	0.08%
VSTS	C	0.07%
CWEN	C	0.07%
ADM	F	0.07%
MSA	C	0.07%
AMT	D	0.06%
CI	D	0.06%
DTE	C	0.06%
WDAY	C	0.06%
FR	C	0.06%
VIRT	B	0.06%
TNL	A	0.06%
HUM	C	0.06%
L	B	0.06%
NSC	A	0.06%
CSL	B	0.05%
TXG	F	0.05%
NTRA	B	0.05%
OGE	A	0.04%
DGX	B	0.04%
BIIB	F	0.04%
CWEN	C	0.04%
U	C	0.04%
EPR	D	0.03%
REYN	D	0.03%
AKAM	F	0.03%
BMRN	F	0.03%
CNM	D	0.03%
SF	B	0.03%
CBRE	B	0.03%
JAZZ	B	0.02%
QGEN	D	0.02%
POST	B	0.02%
AFL	B	0.02%
AJG	A	0.02%
ED	D	0.02%
HAL	C	0.02%
MRO	B	0.02%
LSCC	D	0.01%
OKE	C	0.01%
SWK	D	0.01%
HOOD	B	0.01%
ARW	D	0.01%

FMDE Underweight 123 Positions Relative to FLQM

Symbol	Grade	Weight
FICO	B	-1.62%
FAST	B	-1.14%
IT	C	-1.14%
ODFL	B	-1.12%
AVB	B	-1.09%
PAYX	B	-1.08%
RMD	C	-1.06%
DOV	A	-1.0%
WAT	B	-0.94%
OTIS	C	-0.93%
DECK	A	-0.89%
CHD	B	-0.89%
TSCO	C	-0.89%
YUM	B	-0.89%
LII	A	-0.84%
RF	B	-0.83%
MTD	F	-0.77%
OMC	C	-0.77%
SNA	A	-0.76%
TROW	A	-0.74%
LYB	F	-0.72%
VRSK	A	-0.69%
WSO	A	-0.67%
VRSN	F	-0.67%
EXPD	C	-0.67%
GPC	D	-0.65%
AVY	D	-0.62%
RPM	A	-0.61%
MAS	C	-0.59%
THC	D	-0.59%
VTRS	B	-0.57%
GEN	A	-0.57%
ROL	B	-0.55%
TER	F	-0.54%
GGG	B	-0.53%
CASY	B	-0.52%
HSY	F	-0.52%
POOL	C	-0.5%
NDSN	B	-0.49%
EHC	B	-0.49%
CHRW	C	-0.47%
BJ	B	-0.46%
LECO	C	-0.46%
JBL	C	-0.45%
CPT	B	-0.44%
JNPR	F	-0.42%
ELS	C	-0.42%
SAIA	C	-0.42%
RPRX	D	-0.4%
PAYC	A	-0.4%
TPX	A	-0.38%
MUSA	B	-0.37%
BXP	D	-0.37%
LKQ	D	-0.36%
ACI	C	-0.36%
DOX	D	-0.35%
ALLY	C	-0.35%
LW	C	-0.35%
RL	B	-0.34%
KNSL	B	-0.34%
MTG	B	-0.32%
ORI	A	-0.31%
RHI	C	-0.3%
TTC	D	-0.3%
DG	F	-0.3%
SKX	D	-0.3%
WING	F	-0.29%
G	B	-0.29%
CHE	D	-0.28%
APA	F	-0.28%
NNN	D	-0.28%
PB	B	-0.27%
AMG	B	-0.25%
R	B	-0.25%
VNT	C	-0.24%
WPC	D	-0.23%
DINO	F	-0.23%
LSTR	B	-0.23%
VFC	C	-0.23%
DVA	B	-0.22%
NFG	B	-0.2%
AN	B	-0.2%
OMF	A	-0.2%
BC	C	-0.2%
CROX	F	-0.19%
LAMR	C	-0.19%
SON	D	-0.18%
DTM	B	-0.18%
FOXA	C	-0.18%
FLO	C	-0.18%
WBA	D	-0.17%
OGN	F	-0.17%
AGO	A	-0.17%
MSM	C	-0.17%
M	D	-0.17%
CHH	A	-0.16%
CHRD	F	-0.16%
DLB	B	-0.16%
LOPE	B	-0.15%
KRC	C	-0.14%
HIW	D	-0.14%
PII	F	-0.14%
COKE	C	-0.13%
ACHC	F	-0.13%
COLB	B	-0.12%
AVT	C	-0.12%
COLM	A	-0.11%
MAN	D	-0.11%
IVZ	B	-0.11%
PAG	B	-0.11%
AWI	B	-0.11%
NEU	C	-0.11%
JWN	A	-0.1%
CIVI	D	-0.1%
APPF	B	-0.09%
CUZ	B	-0.08%
CRI	F	-0.08%
KSS	F	-0.07%
SNDR	B	-0.06%
CNA	B	-0.04%
SIRI	C	-0.03%
DDS	B	-0.03%
CNXC	F	-0.03%