FVAL vs. ADME ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Aptus Drawdown Managed Equity ETF (ADME)

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$60.37

Average Daily Volume

53,830

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

ADME

Aptus Drawdown Managed Equity ETF

ADME Description

The investment seeks capital appreciation with downside protection. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its objective principally by investing in a portfolio of typically 40 to 50 U.S.-listed equity securities, while limiting downside risk by purchasing exchange-listed put options on one or more broad-based indexes or ETFs that track the performance of the U.S. equity market. Under normal circumstances, at least 80% of the fund's net assets (plus borrowings for investment purposes) will be invested in equity securities.

Grade (RS Rating)

Last Trade

$46.00

Average Daily Volume

20,372

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	ADME
30 Days	2.57%	1.85%
60 Days	3.41%	4.81%
90 Days	5.27%	5.17%
12 Months	28.08%	31.08%

35 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in ADME	Overlap
AAPL	C	7.04%	6.78%	6.78%
ABBV	B	1.35%	0.75%	0.75%
ACN	C	1.13%	1.09%	1.09%
ADP	C	0.62%	0.3%	0.3%
AMZN	C	3.76%	3.68%	3.68%
BAC	D	1.03%	0.88%	0.88%
BRK.A	C	2.1%	1.7%	1.7%
C	C	0.71%	0.56%	0.56%
CAT	B	0.77%	1.75%	0.77%
CMCSA	C	0.59%	0.37%	0.37%
DE	A	0.63%	0.61%	0.61%
DUK	B	0.36%	0.67%	0.36%
ELV	D	0.93%	0.94%	0.93%
EOG	D	0.3%	0.57%	0.3%
FCX	C	0.26%	0.4%	0.26%
FDX	D	0.51%	0.8%	0.51%
HON	C	0.63%	0.86%	0.63%
JNJ	C	1.46%	1.09%	1.09%
JPM	D	1.64%	1.78%	1.64%
LIN	B	0.57%	1.42%	0.57%
LMT	A	0.62%	1.77%	0.62%
MCD	B	0.88%	1.03%	0.88%
META	B	2.66%	2.59%	2.59%
MO	C	0.52%	0.57%	0.52%
MRK	F	1.27%	0.77%	0.77%
MSFT	C	6.97%	6.69%	6.69%
NEE	B	0.52%	0.78%	0.52%
NVDA	C	6.3%	6.61%	6.3%
PG	C	1.13%	1.27%	1.13%
PLD	C	0.37%	0.96%	0.37%
PSA	C	0.28%	0.53%	0.28%
UNH	C	1.7%	1.24%	1.24%
V	C	1.37%	1.61%	1.37%
WMT	B	1.03%	1.14%	1.03%
XOM	D	1.15%	1.79%	1.15%

FVAL Overweight 89 Positions Relative to ADME

Symbol	Grade	Weight
GOOGL	D	3.62%
CRM	C	1.24%
HD	B	1.21%
IBM	B	1.18%
QCOM	D	1.12%
GILD	B	0.95%
CI	C	0.93%
BMY	C	0.89%
ZM	C	0.84%
WFC	D	0.84%
AXP	B	0.81%
MU	D	0.81%
CVS	D	0.8%
CTSH	B	0.77%
HPE	C	0.75%
CNC	D	0.74%
BKNG	B	0.73%
INTC	D	0.69%
RPRX	C	0.69%
SWKS	F	0.68%
UNP	D	0.67%
VZ	A	0.66%
TRV	C	0.64%
CVX	F	0.63%
COF	B	0.62%
T	B	0.61%
GM	C	0.59%
DFS	C	0.57%
PRU	C	0.56%
UPS	D	0.56%
RNR	B	0.56%
EBAY	B	0.55%
EG	B	0.54%
MMM	B	0.54%
EXPE	C	0.54%
SYF	C	0.54%
JXN	B	0.53%
F	F	0.52%
TGT	C	0.51%
KVUE	B	0.51%
UAL	B	0.5%
LVS	C	0.5%
PCAR	D	0.49%
OZK	F	0.48%
DAL	C	0.48%
CMI	B	0.46%
WYNN	C	0.45%
G	C	0.44%
KMB	C	0.44%
KR	B	0.42%
ADM	D	0.42%
AGCO	D	0.41%
RHI	D	0.41%
COP	F	0.41%
OC	C	0.4%
M	F	0.4%
BG	F	0.37%
ACI	F	0.34%
AEP	C	0.29%
PCG	C	0.28%
PARA	D	0.28%
MPC	F	0.27%
EXC	B	0.27%
ATKR	F	0.27%
SPG	B	0.26%
NEM	C	0.26%
O	B	0.25%
NRG	B	0.24%
CBRE	B	0.23%
VLO	F	0.23%
VICI	C	0.22%
NUE	D	0.2%
NFG	B	0.2%
DOW	C	0.2%
ARE	C	0.19%
BXP	C	0.19%
UGI	B	0.19%
DVN	F	0.19%
GLPI	C	0.18%
CF	B	0.18%
JLL	B	0.18%
LYB	D	0.18%
HST	D	0.18%
WPC	C	0.18%
STLD	C	0.16%
MUR	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 39 Positions Relative to ADME

Symbol	Grade	Weight
GOOG	D	-3.65%
AVGO	C	-2.36%
NOW	C	-1.84%
SYK	C	-1.73%
PGR	C	-1.69%
LLY	D	-1.55%
AMAT	D	-1.55%
TSLA	C	-1.48%
TMO	B	-1.24%
LOW	B	-1.24%
PEP	D	-1.2%
BLK	B	-1.15%
NFLX	B	-1.1%
TMUS	B	-1.09%
SO	B	-1.05%
COST	C	-1.03%
INTU	D	-1.01%
CSX	C	-0.99%
MAR	B	-0.99%
ADI	C	-0.94%
CTAS	C	-0.94%
MMC	C	-0.92%
PHM	B	-0.9%
MS	B	-0.9%
TJX	C	-0.89%
MSI	B	-0.84%
ABT	C	-0.79%
MDLZ	C	-0.77%
FANG	F	-0.76%
ICE	C	-0.73%
ISRG	C	-0.72%
DLR	B	-0.64%
TYL	C	-0.58%
ETN	C	-0.57%
ADBE	F	-0.5%
VRTX	D	-0.47%
SHW	B	-0.45%
AMGN	D	-0.4%
HAL	F	-0.24%