FVAL vs. ECLN ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to First Trust EIP Carbon Impact ETF (ECLN)

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

$63.75

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.86

Average Daily Volume

6,963

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	ECLN
30 Days	3.33%	5.02%
60 Days	5.59%	6.04%
90 Days	6.82%	11.17%
12 Months	28.35%	32.70%

4 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in ECLN	Overlap
AEP	D	0.26%	5.39%	0.26%
DUK	C	0.34%	3.37%	0.34%
NEE	D	0.46%	0.45%	0.45%
NFG	A	0.2%	2.92%	0.2%

FVAL Overweight 120 Positions Relative to ECLN

Symbol	Grade	Weight
NVDA	C	7.33%
AAPL	C	6.68%
MSFT	F	6.37%
AMZN	C	3.88%
GOOGL	C	3.72%
META	D	2.55%
BRK.A	B	2.07%
JPM	A	1.84%
UNH	C	1.69%
CRM	B	1.46%
V	A	1.44%
JNJ	D	1.31%
HD	A	1.22%
ACN	C	1.15%
XOM	B	1.14%
BAC	A	1.13%
ABBV	D	1.11%
IBM	C	1.09%
WFC	A	1.08%
PG	A	1.08%
WMT	A	1.07%
MRK	F	1.01%
QCOM	F	1.0%
BMY	B	0.98%
ZM	B	0.98%
GILD	C	0.97%
BKNG	A	0.87%
MU	D	0.85%
UAL	A	0.84%
MCD	D	0.84%
AXP	A	0.83%
CI	F	0.81%
HPE	B	0.81%
INTC	D	0.77%
CAT	B	0.77%
CTSH	B	0.76%
C	A	0.74%
COF	B	0.72%
CVS	D	0.71%
TRV	B	0.68%
DFS	B	0.68%
HON	B	0.68%
SYF	B	0.67%
ELV	F	0.67%
GM	B	0.67%
CVX	A	0.67%
EXPE	B	0.66%
DAL	C	0.64%
ADP	B	0.64%
T	A	0.62%
CMCSA	B	0.61%
VZ	C	0.61%
RPRX	D	0.61%
UNP	C	0.61%
DE	A	0.59%
SWKS	F	0.56%
JXN	C	0.56%
LMT	D	0.56%
PRU	A	0.56%
LVS	C	0.55%
UPS	C	0.55%
MO	A	0.55%
CNC	D	0.54%
RNR	C	0.54%
LIN	D	0.53%
PCAR	B	0.53%
KVUE	A	0.52%
CMI	A	0.52%
F	C	0.51%
OZK	B	0.51%
EBAY	D	0.51%
EG	C	0.5%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
TGT	F	0.48%
FDX	B	0.48%
RHI	B	0.44%
KR	B	0.43%
OC	A	0.42%
KMB	D	0.41%
COP	C	0.4%
M	D	0.39%
AGCO	D	0.38%
ADM	D	0.35%
ACI	C	0.34%
PLD	D	0.32%
BG	F	0.32%
EOG	A	0.31%
PCG	A	0.29%
PARA	C	0.28%
SPG	B	0.27%
EXC	C	0.26%
ATKR	C	0.26%
NRG	B	0.26%
PSA	D	0.25%
FCX	D	0.24%
MPC	D	0.24%
O	D	0.23%
CBRE	B	0.23%
VLO	C	0.22%
VICI	C	0.2%
NUE	C	0.19%
NEM	D	0.19%
BXP	D	0.18%
DVN	F	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
HST	C	0.17%
JLL	D	0.17%
WPC	D	0.16%
ARE	D	0.16%
GLPI	C	0.16%
DOW	F	0.16%
LYB	F	0.15%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 37 Positions Relative to ECLN

Symbol	Grade	Weight
DTM	B	-4.65%
D	C	-3.71%
XEL	A	-3.71%
PPL	B	-3.53%
SRE	A	-3.46%
DTE	C	-3.39%
VST	B	-3.13%
PEG	A	-3.13%
CQP	B	-2.95%
ETR	B	-2.83%
CWEN	C	-2.78%
AEE	A	-2.74%
EVRG	A	-2.49%
AES	F	-2.31%
TRGP	B	-2.29%
WMB	A	-2.16%
OGS	A	-2.04%
ATO	A	-2.03%
WEC	A	-1.99%
PWR	A	-1.96%
FLR	B	-1.9%
IDA	A	-1.79%
J	F	-1.76%
CMS	C	-1.56%
LNT	A	-1.51%
LNG	B	-1.1%
SO	D	-0.93%
CEG	D	-0.93%
OGE	B	-0.64%
WTRG	B	-0.62%
NEP	F	-0.59%
GNRC	B	-0.55%
CPK	A	-0.46%
CNP	B	-0.43%
AWK	D	-0.35%
EIX	B	-0.18%
NJR	A	-0.18%