FQAL vs. RAFE ETF Comparison

Comparison of Fidelity Quality Factor ETF (FQAL) to PIMCO RAFI ESG U.S. ETF (RAFE)

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

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$37.82

Average Daily Volume

12,485

Number of Holdings ^*

238

* may have additional holdings in another (foreign) market

Performance

Period	FQAL	RAFE
30 Days	2.60%	1.92%
60 Days	4.35%	3.06%
90 Days	5.86%	4.90%
12 Months	30.56%	24.12%

52 Overlapping Holdings

Symbol	Grade	Weight in FQAL	Weight in RAFE	Overlap
AAPL	C	6.62%	6.52%	6.52%
ABBV	D	1.14%	1.53%	1.14%
ACN	C	1.05%	0.97%	0.97%
ADBE	C	0.97%	0.63%	0.63%
ADP	B	0.64%	0.45%	0.45%
AMAT	F	0.77%	0.81%	0.77%
AMP	A	0.92%	0.25%	0.25%
AMT	D	0.27%	0.19%	0.19%
AVB	B	0.19%	0.16%	0.16%
AVGO	D	2.0%	1.26%	1.26%
BMY	B	1.02%	1.97%	1.02%
CF	B	0.17%	0.16%	0.16%
CL	D	0.36%	0.37%	0.36%
ECL	D	0.24%	0.26%	0.24%
EQR	B	0.17%	0.16%	0.16%
ESS	B	0.16%	0.05%	0.05%
FAST	B	0.53%	0.13%	0.13%
GILD	C	1.0%	0.99%	0.99%
GWW	B	0.55%	0.17%	0.17%
HD	A	1.5%	1.77%	1.5%
HSY	F	0.25%	0.06%	0.06%
ITW	B	0.54%	0.31%	0.31%
JNJ	D	1.35%	3.18%	1.35%
KLAC	D	0.64%	0.21%	0.21%
KMB	D	0.31%	0.3%	0.3%
KO	D	0.66%	0.98%	0.66%
LIN	D	0.52%	1.12%	0.52%
LLY	F	1.72%	0.67%	0.67%
LOW	D	1.02%	1.14%	1.02%
LRCX	F	0.67%	0.5%	0.5%
MA	C	1.48%	0.79%	0.79%
MCO	B	0.76%	0.16%	0.16%
MDLZ	F	0.38%	0.29%	0.29%
META	D	2.51%	1.2%	1.2%
MMM	D	0.5%	1.07%	0.5%
MSFT	F	6.3%	5.72%	5.72%
NFLX	A	0.97%	0.09%	0.09%
NVDA	C	7.24%	1.12%	1.12%
O	D	0.21%	0.02%	0.02%
ORLY	B	0.84%	0.05%	0.05%
OTIS	C	0.45%	0.12%	0.12%
PAYX	C	0.49%	0.11%	0.11%
PG	A	0.98%	2.84%	0.98%
PGR	A	1.0%	0.25%	0.25%
PLD	D	0.3%	0.08%	0.08%
QCOM	F	0.91%	1.6%	0.91%
SHW	A	0.3%	0.15%	0.15%
SPGI	C	0.92%	0.1%	0.1%
T	A	0.57%	2.41%	0.57%
V	A	1.61%	1.09%	1.09%
VZ	C	0.56%	1.69%	0.56%
ZTS	D	0.81%	0.14%	0.14%

FQAL Overweight 72 Positions Relative to RAFE

Symbol	Grade	Weight
GOOGL	C	3.69%
BKNG	A	1.21%
XOM	B	1.16%
MCD	D	1.11%
BX	A	1.05%
COST	B	1.01%
FICO	B	0.96%
PANW	C	0.96%
VRTX	F	0.86%
GRMN	B	0.86%
CME	A	0.85%
VEEV	C	0.84%
CPAY	A	0.82%
EWBC	A	0.78%
CAT	B	0.77%
CFR	B	0.77%
MSCI	C	0.75%
AZO	C	0.75%
ABNB	C	0.75%
JXN	C	0.74%
YUM	B	0.72%
ACGL	D	0.71%
CBSH	A	0.71%
DPZ	C	0.69%
CVX	A	0.68%
IDXX	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%
LMT	D	0.56%
CTAS	B	0.55%
AME	A	0.52%
TDG	D	0.49%
CSX	B	0.49%
CPRT	A	0.48%
NEE	D	0.47%
VRSK	A	0.46%
ODFL	B	0.45%
MO	A	0.44%
VST	B	0.43%
COP	C	0.41%
TTD	B	0.41%
SO	D	0.36%
CEG	D	0.36%
WMB	A	0.34%
EOG	A	0.32%
MNST	C	0.31%
TPL	A	0.31%
LNG	B	0.28%
NRG	B	0.27%
WEC	A	0.26%
SPG	B	0.25%
FCX	D	0.24%
PSA	D	0.23%
NFG	A	0.2%
AM	A	0.19%
EXR	D	0.19%
UGI	A	0.19%
MLM	B	0.19%
WHD	B	0.18%
VICI	C	0.18%
NUE	C	0.18%
RS	B	0.17%
SBAC	D	0.16%
EXP	A	0.16%
RGLD	C	0.15%
AVY	D	0.15%
GLPI	C	0.14%

FQAL Underweight 186 Positions Relative to RAFE

Symbol	Grade	Weight
JPM	A	-4.09%
C	A	-3.25%
CSCO	B	-2.94%
INTC	D	-2.85%
WFC	A	-2.82%
PFE	D	-2.32%
GM	B	-2.16%
IBM	C	-1.81%
MRK	F	-1.69%
ORCL	B	-1.68%
CMCSA	B	-1.55%
CI	F	-1.3%
DIS	B	-1.2%
TGT	F	-1.18%
ABT	B	-1.18%
F	C	-1.14%
AMGN	D	-1.08%
GS	A	-0.98%
MU	D	-0.95%
ELV	F	-0.89%
BAC	A	-0.86%
TXN	C	-0.83%
HPQ	B	-0.72%
BLK	C	-0.71%
HPE	B	-0.7%
MET	A	-0.7%
AXP	A	-0.63%
PYPL	B	-0.62%
DD	D	-0.59%
ALL	A	-0.58%
UNH	C	-0.58%
CRM	B	-0.58%
JCI	C	-0.55%
UPS	C	-0.54%
DE	A	-0.54%
PRU	A	-0.51%
BBY	D	-0.5%
DOW	F	-0.5%
TSLA	B	-0.49%
TJX	A	-0.49%
NKE	D	-0.48%
NEM	D	-0.46%
DHR	F	-0.46%
TMUS	B	-0.46%
FDX	B	-0.45%
WM	A	-0.44%
IP	B	-0.43%
MCK	B	-0.43%
APD	A	-0.42%
EBAY	D	-0.41%
HUM	C	-0.41%
CVS	D	-0.4%
WDC	D	-0.37%
ADI	D	-0.37%
CARR	D	-0.37%
CBRE	B	-0.37%
FIS	C	-0.36%
WELL	A	-0.33%
ADM	D	-0.33%
GIS	D	-0.32%
BDX	F	-0.32%
EA	A	-0.31%
NTAP	C	-0.29%
CAH	B	-0.29%
MAR	B	-0.28%
PEP	F	-0.28%
FI	A	-0.28%
HIG	B	-0.27%
BIIB	F	-0.27%
GEHC	F	-0.27%
CCI	D	-0.27%
STT	A	-0.26%
WY	D	-0.26%
EIX	B	-0.25%
SYY	B	-0.24%
EQIX	A	-0.24%
VTR	C	-0.23%
OC	A	-0.22%
MSI	B	-0.21%
LUMN	C	-0.21%
WHR	B	-0.21%
CMI	A	-0.21%
JLL	D	-0.21%
PFG	D	-0.2%
PARA	C	-0.2%
KHC	F	-0.2%
PPG	F	-0.2%
LH	C	-0.19%
JNPR	F	-0.19%
IRM	D	-0.19%
FOXA	B	-0.19%
MOS	F	-0.19%
BK	A	-0.19%
K	A	-0.18%
BAX	D	-0.18%
CTSH	B	-0.18%
VFC	C	-0.18%
DVA	B	-0.17%
TPR	B	-0.16%
BALL	D	-0.16%
EW	C	-0.16%
PKG	A	-0.15%
ARW	D	-0.15%
DG	F	-0.15%
HLT	A	-0.15%
A	D	-0.15%
KDP	D	-0.14%
AWK	D	-0.14%
ISRG	A	-0.14%
OMC	C	-0.14%
KSS	F	-0.14%
CDNS	B	-0.13%
FITB	A	-0.13%
CNC	D	-0.13%
MRVL	B	-0.13%
COR	B	-0.13%
DELL	C	-0.13%
TROW	B	-0.12%
EL	F	-0.12%
SYK	C	-0.12%
IFF	D	-0.12%
HOLX	D	-0.11%
WAT	B	-0.11%
HST	C	-0.11%
TSCO	D	-0.11%
SWK	D	-0.11%
BSX	B	-0.11%
GAP	C	-0.11%
PVH	C	-0.11%
ON	D	-0.1%
KEYS	A	-0.1%
LKQ	D	-0.09%
WAB	B	-0.09%
SOLV	C	-0.09%
HCA	F	-0.09%
WBA	F	-0.09%
VTRS	A	-0.09%
AVT	C	-0.09%
SJM	D	-0.09%
USFD	A	-0.09%
TER	D	-0.09%
CDW	F	-0.09%
ILMN	D	-0.08%
SNPS	B	-0.08%
GPC	D	-0.08%
LNC	B	-0.08%
DOX	D	-0.08%
LEA	D	-0.08%
DXC	B	-0.07%
DGX	A	-0.07%
KIM	A	-0.07%
NDAQ	A	-0.07%
CHD	B	-0.07%
HUN	F	-0.07%
CAG	D	-0.07%
AKAM	D	-0.07%
TSN	B	-0.07%
MAA	B	-0.07%
NTRS	A	-0.07%
NWSA	B	-0.07%
DOV	A	-0.06%
KD	B	-0.06%
HSIC	B	-0.06%
EQH	B	-0.06%
GT	C	-0.06%
MCHP	D	-0.06%
AMD	F	-0.06%
MHK	D	-0.05%
XRX	F	-0.05%
HAS	D	-0.05%
CTVA	C	-0.05%
FL	F	-0.05%
CPB	D	-0.05%
ROK	B	-0.05%
AAP	C	-0.04%
OGN	D	-0.04%
WU	D	-0.04%
GEN	B	-0.04%
AGCO	D	-0.04%
NWL	B	-0.04%
FLEX	A	-0.04%
RSG	A	-0.04%
MAN	D	-0.03%
M	D	-0.03%
ANET	C	-0.02%
HRL	D	-0.01%