FQAL vs. FCTR ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Lunt Capital Large Cap Factor Rotation Index (the "index"). The fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the index. The index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

166

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FCTR
30 Days	2.60%	9.38%
60 Days	4.35%	12.16%
90 Days	5.86%	17.79%
12 Months	30.56%	36.88%

59 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FCTR	Overlap
AAPL	C	6.62%	0.66%	0.66%
ACGL	D	0.71%	0.8%	0.71%
ADBE	C	0.97%	0.37%	0.37%
ADP	B	0.64%	1.1%	0.64%
AME	A	0.52%	0.22%	0.22%
AMT	D	0.27%	0.34%	0.27%
AVB	B	0.19%	0.43%	0.19%
AVGO	D	2.0%	0.43%	0.43%
BKNG	A	1.21%	0.29%	0.29%
BX	A	1.05%	0.36%	0.36%
CL	D	0.36%	1.01%	0.36%
COST	B	1.01%	0.34%	0.34%
CPAY	A	0.82%	0.26%	0.26%
CTAS	B	0.55%	1.05%	0.55%
DPZ	C	0.69%	0.45%	0.45%
EQR	B	0.17%	0.4%	0.17%
FAST	B	0.53%	0.52%	0.52%
FICO	B	0.96%	1.51%	0.96%
GLPI	C	0.14%	0.42%	0.14%
GWW	B	0.55%	0.28%	0.28%
HSY	F	0.25%	0.19%	0.19%
IDXX	F	0.67%	0.31%	0.31%
ITW	B	0.54%	0.84%	0.54%
KLAC	D	0.64%	0.32%	0.32%
KMB	D	0.31%	0.39%	0.31%
KO	D	0.66%	0.52%	0.52%
LLY	F	1.72%	0.72%	0.72%
LMT	D	0.56%	0.45%	0.45%
LNG	B	0.28%	0.52%	0.28%
MA	C	1.48%	1.36%	1.36%
MCD	D	1.11%	0.65%	0.65%
MCO	B	0.76%	0.39%	0.39%
MDLZ	F	0.38%	0.19%	0.19%
META	D	2.51%	0.45%	0.45%
MNST	C	0.31%	0.19%	0.19%
MSCI	C	0.75%	0.49%	0.49%
MSFT	F	6.3%	0.36%	0.36%
NFLX	A	0.97%	0.47%	0.47%
NVDA	C	7.24%	0.77%	0.77%
O	D	0.21%	0.41%	0.21%
ORLY	B	0.84%	0.43%	0.43%
PANW	C	0.96%	0.5%	0.5%
PAYX	C	0.49%	1.42%	0.49%
PG	A	0.98%	0.52%	0.52%
PGR	A	1.0%	0.48%	0.48%
PSA	D	0.23%	0.34%	0.23%
SBAC	D	0.16%	0.53%	0.16%
SO	D	0.36%	0.44%	0.36%
SPGI	C	0.92%	0.47%	0.47%
TDG	D	0.49%	0.99%	0.49%
TPL	A	0.31%	0.75%	0.31%
TTD	B	0.41%	0.59%	0.41%
V	A	1.61%	1.34%	1.34%
VICI	C	0.18%	0.63%	0.18%
VRSK	A	0.46%	0.93%	0.46%
VRTX	F	0.86%	0.37%	0.37%
VST	B	0.43%	1.86%	0.43%
WEC	A	0.26%	0.48%	0.26%
YUM	B	0.72%	0.95%	0.72%

FQAL Overweight 65 Positions Relative to FCTR

Symbol	Grade	Weight
GOOGL	C	3.69%
HD	A	1.5%
JNJ	D	1.35%
XOM	B	1.16%
ABBV	D	1.14%
ACN	C	1.05%
BMY	B	1.02%
LOW	D	1.02%
GILD	C	1.0%
AMP	A	0.92%
QCOM	F	0.91%
GRMN	B	0.86%
CME	A	0.85%
VEEV	C	0.84%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
AZO	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
CBSH	A	0.71%
CVX	A	0.68%
LRCX	F	0.67%
KNSL	B	0.65%
QLYS	C	0.64%
WSM	B	0.63%
PM	B	0.63%
UNP	C	0.61%
MTD	D	0.58%
MEDP	D	0.57%
T	A	0.57%
VZ	C	0.56%
LIN	D	0.52%
MMM	D	0.5%
CSX	B	0.49%
CPRT	A	0.48%
NEE	D	0.47%
OTIS	C	0.45%
ODFL	B	0.45%
MO	A	0.44%
COP	C	0.41%
CEG	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
PLD	D	0.3%
SHW	A	0.3%
NRG	B	0.27%
SPG	B	0.25%
FCX	D	0.24%
ECL	D	0.24%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
NUE	C	0.18%
RS	B	0.17%
CF	B	0.17%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
AVY	D	0.15%

FQAL Underweight 107 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.82%
PLTR	B	-2.43%
MSTR	C	-2.06%
MSI	B	-1.73%
AXON	A	-1.45%
BR	A	-1.37%
SYK	C	-1.36%
ANET	C	-1.24%
ARES	A	-1.04%
APO	B	-1.03%
BRO	B	-0.94%
HOOD	B	-0.92%
FI	A	-0.92%
ISRG	A	-0.91%
FDS	B	-0.9%
ROL	B	-0.9%
VRSN	F	-0.87%
TT	A	-0.82%
THC	D	-0.81%
LDOS	C	-0.8%
HWM	A	-0.79%
SYY	B	-0.77%
EME	C	-0.77%
ICE	C	-0.77%
TRGP	B	-0.73%
MANH	D	-0.7%
CRWD	B	-0.68%
KKR	A	-0.68%
PH	A	-0.62%
IRM	D	-0.61%
TJX	A	-0.6%
NET	B	-0.58%
DDOG	A	-0.56%
RCL	A	-0.56%
HUBS	A	-0.55%
NI	A	-0.55%
CDNS	B	-0.54%
MMC	B	-0.54%
ZS	C	-0.53%
TOL	B	-0.52%
NOW	A	-0.51%
SNOW	C	-0.51%
TTWO	A	-0.51%
PPL	B	-0.51%
ORCL	B	-0.51%
FE	C	-0.5%
SRE	A	-0.5%
ETR	B	-0.5%
DRI	B	-0.49%
RBLX	C	-0.49%
LNT	A	-0.49%
DUK	C	-0.49%
DASH	A	-0.47%
ROST	C	-0.47%
BSX	B	-0.47%
CMS	C	-0.46%
ERIE	D	-0.45%
BLK	C	-0.45%
AEE	A	-0.45%
SNPS	B	-0.44%
ED	D	-0.43%
ALNY	D	-0.43%
EIX	B	-0.43%
ADSK	A	-0.42%
ROP	B	-0.42%
KDP	D	-0.42%
PHM	D	-0.42%
URI	B	-0.41%
AEP	D	-0.41%
PPG	F	-0.41%
MDB	C	-0.4%
EXC	C	-0.4%
DXCM	D	-0.4%
NOC	D	-0.4%
DTE	C	-0.4%
AFL	B	-0.4%
MDT	D	-0.39%
BDX	F	-0.39%
CARR	D	-0.38%
AWK	D	-0.38%
LW	C	-0.37%
PWR	A	-0.37%
INTU	C	-0.37%
LII	A	-0.37%
BSY	D	-0.37%
NVR	D	-0.36%
OKE	A	-0.36%
GIS	D	-0.35%
DHI	D	-0.34%
CSL	C	-0.33%
HCA	F	-0.33%
RIVN	F	-0.32%
MPWR	F	-0.31%
FCNCA	A	-0.31%
ETN	A	-0.3%
ATO	A	-0.27%
CSCO	B	-0.25%
RSG	A	-0.24%
HON	B	-0.24%
BRK.A	B	-0.24%
CHD	B	-0.23%
CB	C	-0.23%
CMG	B	-0.22%
WM	A	-0.22%
PEP	F	-0.2%
PCAR	B	-0.19%
LECO	B	-0.17%