FQAL vs. FLQM ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM)

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

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

$58.02

Average Daily Volume

151,405

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FLQM
30 Days	2.60%	5.47%
60 Days	4.35%	5.07%
90 Days	5.86%	5.99%
12 Months	30.56%	31.70%

24 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FLQM	Overlap
ACGL	D	0.71%	0.61%	0.61%
AM	A	0.19%	0.22%	0.19%
AVB	B	0.19%	1.09%	0.19%
AVY	D	0.15%	0.62%	0.15%
CF	B	0.17%	0.61%	0.17%
FAST	B	0.53%	1.14%	0.53%
FICO	B	0.96%	1.62%	0.96%
GRMN	B	0.86%	1.17%	0.86%
GWW	B	0.55%	1.16%	0.55%
HSY	F	0.25%	0.52%	0.25%
IDXX	F	0.67%	0.77%	0.67%
KNSL	B	0.65%	0.34%	0.34%
LNG	B	0.28%	0.96%	0.28%
MSCI	C	0.75%	1.09%	0.75%
MTD	D	0.58%	0.77%	0.58%
NFG	A	0.2%	0.2%	0.2%
ODFL	B	0.45%	1.12%	0.45%
OTIS	C	0.45%	0.93%	0.45%
PAYX	C	0.49%	1.08%	0.49%
RS	B	0.17%	0.7%	0.17%
TPL	A	0.31%	1.04%	0.31%
VRSK	A	0.46%	0.69%	0.46%
WSM	B	0.63%	0.82%	0.63%
YUM	B	0.72%	0.89%	0.72%

FQAL Overweight 100 Positions Relative to FLQM

Symbol	Grade	Weight
NVDA	C	7.24%
AAPL	C	6.62%
MSFT	F	6.3%
GOOGL	C	3.69%
META	D	2.51%
AVGO	D	2.0%
LLY	F	1.72%
V	A	1.61%
HD	A	1.5%
MA	C	1.48%
JNJ	D	1.35%
BKNG	A	1.21%
XOM	B	1.16%
ABBV	D	1.14%
MCD	D	1.11%
BX	A	1.05%
ACN	C	1.05%
BMY	B	1.02%
LOW	D	1.02%
COST	B	1.01%
PGR	A	1.0%
GILD	C	1.0%
PG	A	0.98%
ADBE	C	0.97%
NFLX	A	0.97%
PANW	C	0.96%
AMP	A	0.92%
SPGI	C	0.92%
QCOM	F	0.91%
VRTX	F	0.86%
CME	A	0.85%
ORLY	B	0.84%
VEEV	C	0.84%
CPAY	A	0.82%
ZTS	D	0.81%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
AMAT	F	0.77%
MCO	B	0.76%
AZO	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
CBSH	A	0.71%
DPZ	C	0.69%
CVX	A	0.68%
LRCX	F	0.67%
KO	D	0.66%
QLYS	C	0.64%
ADP	B	0.64%
KLAC	D	0.64%
PM	B	0.63%
UNP	C	0.61%
MEDP	D	0.57%
T	A	0.57%
LMT	D	0.56%
VZ	C	0.56%
CTAS	B	0.55%
ITW	B	0.54%
AME	A	0.52%
LIN	D	0.52%
MMM	D	0.5%
TDG	D	0.49%
CSX	B	0.49%
CPRT	A	0.48%
NEE	D	0.47%
MO	A	0.44%
VST	B	0.43%
COP	C	0.41%
TTD	B	0.41%
MDLZ	F	0.38%
CL	D	0.36%
SO	D	0.36%
CEG	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
MNST	C	0.31%
KMB	D	0.31%
PLD	D	0.3%
SHW	A	0.3%
NRG	B	0.27%
AMT	D	0.27%
WEC	A	0.26%
SPG	B	0.25%
FCX	D	0.24%
ECL	D	0.24%
PSA	D	0.23%
O	D	0.21%
EXR	D	0.19%
UGI	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
EQR	B	0.17%
SBAC	D	0.16%
ESS	B	0.16%
EXP	A	0.16%
RGLD	C	0.15%
GLPI	C	0.14%

FQAL Underweight 176 Positions Relative to FLQM

Symbol	Grade	Weight
IT	C	-1.14%
EA	A	-1.13%
SYF	B	-1.11%
DAL	C	-1.1%
ALL	A	-1.09%
RMD	C	-1.06%
HIG	B	-1.05%
KR	B	-1.02%
DHI	D	-1.0%
DOV	A	-1.0%
PHM	D	-0.99%
HPQ	B	-0.94%
WAT	B	-0.94%
HPE	B	-0.93%
NTAP	C	-0.91%
EBAY	D	-0.91%
CINF	A	-0.9%
DECK	A	-0.89%
CHD	B	-0.89%
GDDY	A	-0.89%
TSCO	D	-0.89%
SYY	B	-0.86%
AWK	D	-0.86%
BAH	F	-0.85%
BLDR	D	-0.85%
BBY	D	-0.85%
LII	A	-0.84%
FANG	D	-0.84%
CMI	A	-0.84%
RF	A	-0.83%
NVR	D	-0.79%
CLX	B	-0.77%
OMC	C	-0.77%
STLD	B	-0.76%
SNA	A	-0.76%
MANH	D	-0.76%
COR	B	-0.75%
TROW	B	-0.74%
CDW	F	-0.73%
LYB	F	-0.72%
DVN	F	-0.72%
ULTA	F	-0.7%
WSO	A	-0.67%
VRSN	F	-0.67%
EXPD	D	-0.67%
GPC	D	-0.65%
UTHR	C	-0.62%
RPM	A	-0.61%
INCY	C	-0.61%
TPR	B	-0.6%
MAS	D	-0.59%
THC	D	-0.59%
EG	C	-0.58%
VTRS	A	-0.57%
GEN	B	-0.57%
ROL	B	-0.55%
TER	D	-0.54%
UAL	A	-0.54%
GGG	B	-0.53%
CASY	A	-0.52%
NBIX	C	-0.52%
TXRH	C	-0.51%
POOL	C	-0.5%
FFIV	B	-0.5%
NDSN	B	-0.49%
EHC	B	-0.49%
VLTO	D	-0.49%
UNM	A	-0.48%
DKS	C	-0.48%
UHS	D	-0.48%
ALSN	B	-0.47%
CHRW	C	-0.47%
OVV	B	-0.46%
BJ	A	-0.46%
LECO	B	-0.46%
CW	B	-0.46%
JBL	B	-0.45%
ALLE	D	-0.45%
CPT	B	-0.44%
JNPR	F	-0.42%
ELS	C	-0.42%
GL	B	-0.42%
SAIA	B	-0.42%
RPRX	D	-0.4%
PAYC	B	-0.4%
TOL	B	-0.39%
EXPE	B	-0.38%
TPX	B	-0.38%
SEIC	B	-0.37%
HRB	D	-0.37%
MUSA	A	-0.37%
BXP	D	-0.37%
LDOS	C	-0.37%
K	A	-0.37%
DCI	B	-0.36%
LKQ	D	-0.36%
ACI	C	-0.36%
DOX	D	-0.35%
ALLY	C	-0.35%
LW	C	-0.35%
RL	B	-0.34%
MTG	C	-0.32%
ORI	A	-0.31%
RHI	B	-0.3%
TTC	D	-0.3%
DG	F	-0.3%
SKX	D	-0.3%
WING	D	-0.29%
G	B	-0.29%
CHE	D	-0.28%
APA	D	-0.28%
NNN	D	-0.28%
PB	A	-0.27%
CACI	D	-0.27%
BBWI	D	-0.26%
AMG	B	-0.25%
R	B	-0.25%
VNT	B	-0.24%
EGP	F	-0.24%
WPC	D	-0.23%
DINO	D	-0.23%
LSTR	D	-0.23%
VFC	C	-0.23%
DVA	B	-0.22%
JHG	A	-0.21%
AN	C	-0.2%
STAG	F	-0.2%
SEE	C	-0.2%
OMF	A	-0.2%
BC	C	-0.2%
CROX	D	-0.19%
LAMR	D	-0.19%
WU	D	-0.19%
SON	D	-0.18%
DTM	B	-0.18%
FOXA	B	-0.18%
FLO	D	-0.18%
WBA	F	-0.17%
OGN	D	-0.17%
CRUS	D	-0.17%
AGO	B	-0.17%
AYI	B	-0.17%
MSM	C	-0.17%
M	D	-0.17%
CHH	A	-0.16%
CHRD	D	-0.16%
DLB	B	-0.16%
SOLV	C	-0.16%
LOPE	B	-0.15%
KRC	C	-0.14%
HIW	D	-0.14%
PII	D	-0.14%
COKE	C	-0.13%
ACHC	F	-0.13%
COLB	A	-0.12%
AVT	C	-0.12%
COLM	B	-0.11%
MAN	D	-0.11%
IVZ	B	-0.11%
PAG	B	-0.11%
AWI	A	-0.11%
NEU	C	-0.11%
JWN	C	-0.1%
CIVI	D	-0.1%
APPF	B	-0.09%
CUZ	B	-0.08%
CRI	D	-0.08%
KSS	F	-0.07%
GAP	C	-0.07%
WEN	D	-0.06%
SNDR	B	-0.06%
CNA	B	-0.04%
SIRI	C	-0.03%
DDS	B	-0.03%
CNXC	F	-0.03%
PLTK	B	-0.02%