FQAL vs. FTC ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index) (FTC)

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

FTC

First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index)

FTC 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 Defined Large Cap Growth Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$146.37

Average Daily Volume

33,503

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	FTC
30 Days	2.60%	9.08%
60 Days	4.35%	12.23%
90 Days	5.86%	15.96%
12 Months	30.56%	42.15%

65 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in FTC	Overlap
AAPL	C	6.62%	0.33%	0.33%
ACGL	D	0.71%	0.74%	0.71%
ADP	B	0.64%	0.18%	0.18%
AMP	A	0.92%	0.8%	0.8%
AMT	D	0.27%	0.41%	0.27%
AVB	B	0.19%	0.16%	0.16%
AVGO	D	2.0%	0.66%	0.66%
AZO	C	0.75%	0.33%	0.33%
BKNG	A	1.21%	0.57%	0.57%
CAT	B	0.77%	0.66%	0.66%
CEG	D	0.36%	0.72%	0.36%
CL	D	0.36%	0.43%	0.36%
COST	B	1.01%	0.69%	0.69%
CPAY	A	0.82%	0.39%	0.39%
CTAS	B	0.55%	0.7%	0.55%
ECL	D	0.24%	0.47%	0.24%
ESS	B	0.16%	0.17%	0.16%
EXR	D	0.19%	0.3%	0.19%
FAST	B	0.53%	0.19%	0.19%
FICO	B	0.96%	1.0%	0.96%
GLPI	C	0.14%	0.15%	0.14%
GOOGL	C	3.69%	0.17%	0.17%
GRMN	B	0.86%	0.8%	0.8%
GWW	B	0.55%	0.55%	0.55%
ITW	B	0.54%	0.17%	0.17%
KLAC	D	0.64%	0.13%	0.13%
KMB	D	0.31%	0.15%	0.15%
KO	D	0.66%	0.29%	0.29%
LIN	D	0.52%	0.15%	0.15%
LLY	F	1.72%	0.3%	0.3%
MA	C	1.48%	0.17%	0.17%
MCD	D	1.11%	0.33%	0.33%
MCO	B	0.76%	0.49%	0.49%
META	D	2.51%	0.67%	0.67%
MO	A	0.44%	0.36%	0.36%
MSCI	C	0.75%	0.17%	0.17%
MTD	D	0.58%	0.13%	0.13%
NEE	D	0.47%	0.59%	0.47%
NFLX	A	0.97%	0.57%	0.57%
NRG	B	0.27%	0.84%	0.27%
NVDA	C	7.24%	0.81%	0.81%
O	D	0.21%	0.29%	0.21%
ORLY	B	0.84%	0.35%	0.35%
OTIS	C	0.45%	0.32%	0.32%
PANW	C	0.96%	0.38%	0.38%
PAYX	C	0.49%	0.18%	0.18%
PG	A	0.98%	0.16%	0.16%
PGR	A	1.0%	0.85%	0.85%
PM	B	0.63%	0.7%	0.63%
PSA	D	0.23%	0.44%	0.23%
QCOM	F	0.91%	0.16%	0.16%
SBAC	D	0.16%	0.15%	0.15%
SHW	A	0.3%	0.68%	0.3%
SO	D	0.36%	0.47%	0.36%
SPG	B	0.25%	0.35%	0.25%
SPGI	C	0.92%	0.48%	0.48%
TDG	D	0.49%	0.59%	0.49%
TPL	A	0.31%	0.75%	0.31%
TTD	B	0.41%	0.56%	0.41%
VICI	C	0.18%	0.31%	0.18%
VRTX	F	0.86%	0.17%	0.17%
VST	B	0.43%	0.97%	0.43%
WMB	A	0.34%	0.41%	0.34%
WSM	B	0.63%	0.28%	0.28%
ZTS	D	0.81%	0.14%	0.14%

FQAL Overweight 59 Positions Relative to FTC

Symbol	Grade	Weight
MSFT	F	6.3%
V	A	1.61%
HD	A	1.5%
JNJ	D	1.35%
XOM	B	1.16%
ABBV	D	1.14%
BX	A	1.05%
ACN	C	1.05%
BMY	B	1.02%
LOW	D	1.02%
GILD	C	1.0%
ADBE	C	0.97%
CME	A	0.85%
VEEV	C	0.84%
EWBC	A	0.78%
CFR	B	0.77%
AMAT	F	0.77%
ABNB	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
CBSH	A	0.71%
DPZ	C	0.69%
CVX	A	0.68%
LRCX	F	0.67%
IDXX	F	0.67%
KNSL	B	0.65%
QLYS	C	0.64%
UNP	C	0.61%
MEDP	D	0.57%
T	A	0.57%
LMT	D	0.56%
VZ	C	0.56%
AME	A	0.52%
MMM	D	0.5%
CSX	B	0.49%
CPRT	A	0.48%
VRSK	A	0.46%
ODFL	B	0.45%
COP	C	0.41%
MDLZ	F	0.38%
EOG	A	0.32%
MNST	C	0.31%
PLD	D	0.3%
LNG	B	0.28%
WEC	A	0.26%
HSY	F	0.25%
FCX	D	0.24%
NFG	A	0.2%
AM	A	0.19%
UGI	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
NUE	C	0.18%
RS	B	0.17%
EQR	B	0.17%
CF	B	0.17%
EXP	A	0.16%
RGLD	C	0.15%
AVY	D	0.15%

FQAL Underweight 121 Positions Relative to FTC

Symbol	Grade	Weight
APP	B	-1.81%
PLTR	B	-1.32%
AXON	A	-1.26%
CVNA	B	-1.15%
RCL	A	-1.09%
TRGP	B	-1.08%
EXPE	B	-1.03%
VRT	B	-1.01%
DASH	A	-1.01%
GS	A	-0.99%
GDDY	A	-0.98%
KKR	A	-0.96%
EME	C	-0.96%
HWM	A	-0.94%
HOOD	B	-0.92%
UTHR	C	-0.9%
BK	A	-0.9%
WAB	B	-0.9%
PWR	A	-0.9%
AXP	A	-0.89%
CCL	B	-0.88%
TT	A	-0.88%
HEI	B	-0.88%
URI	B	-0.87%
CPNG	D	-0.86%
ALL	A	-0.86%
BURL	A	-0.85%
THC	D	-0.82%
VTR	C	-0.82%
LYV	A	-0.79%
IRM	D	-0.79%
RBLX	C	-0.79%
FCNCA	A	-0.78%
FI	A	-0.78%
NTRS	A	-0.78%
TMUS	B	-0.77%
NOW	A	-0.77%
JPM	A	-0.76%
PH	A	-0.74%
GEN	B	-0.73%
ORCL	B	-0.73%
MSI	B	-0.73%
PCG	A	-0.71%
HCA	F	-0.71%
BSX	B	-0.7%
BRO	B	-0.7%
LII	A	-0.68%
ANET	C	-0.67%
PEG	A	-0.65%
FSLR	F	-0.65%
APO	B	-0.64%
ERIE	D	-0.63%
IBM	C	-0.63%
GE	D	-0.63%
RMD	C	-0.63%
BAH	F	-0.63%
ALNY	D	-0.62%
FTNT	C	-0.59%
DECK	A	-0.54%
CASY	A	-0.53%
HLT	A	-0.53%
ISRG	A	-0.53%
WSO	A	-0.52%
NDAQ	A	-0.52%
COIN	C	-0.52%
AJG	B	-0.51%
WELL	A	-0.51%
TYL	B	-0.51%
BR	A	-0.51%
TJX	A	-0.5%
HUBB	B	-0.5%
CSL	C	-0.49%
BRK.A	B	-0.49%
MANH	D	-0.48%
NTAP	C	-0.47%
LVS	C	-0.47%
ICE	C	-0.47%
UBER	D	-0.46%
TSCO	D	-0.46%
VLTO	D	-0.45%
XYL	D	-0.44%
EFX	F	-0.43%
TSLA	B	-0.4%
DELL	C	-0.38%
MAR	B	-0.38%
AMZN	C	-0.38%
ADSK	A	-0.37%
APH	A	-0.37%
ARES	A	-0.36%
ETN	A	-0.36%
RSG	A	-0.35%
IR	B	-0.35%
DOV	A	-0.35%
IT	C	-0.35%
ROL	B	-0.33%
MMC	B	-0.33%
ROST	C	-0.32%
MSTR	C	-0.32%
CBOE	B	-0.32%
AMGN	D	-0.31%
RIVN	F	-0.31%
BLD	D	-0.3%
LPLA	A	-0.22%
MPWR	F	-0.21%
CRM	B	-0.2%
CRWD	B	-0.2%
AON	A	-0.18%
MKL	A	-0.18%
DLR	B	-0.18%
WDAY	B	-0.18%
GPN	B	-0.18%
CHD	B	-0.17%
CMG	B	-0.17%
WAT	B	-0.17%
DKNG	B	-0.17%
SYK	C	-0.17%
WM	A	-0.17%
MU	D	-0.16%
EQIX	A	-0.16%
CCI	D	-0.14%
A	D	-0.14%