FVAL vs. FMCX ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to FMC Excelsior Focus Equity ETF (FMCX)

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

$61.24

Average Daily Volume

71,848

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.94

Average Daily Volume

105

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	FMCX
30 Days	0.77%	-0.82%
60 Days	7.50%	6.57%
90 Days	10.87%	10.58%
12 Months	28.93%	29.40%

15 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in FMCX	Overlap
AAPL	C	6.93%	6.93%	6.93%
AMZN	A	3.74%	5.01%	3.74%
BKNG	A	0.79%	0.19%	0.19%
CMCSA	B	0.6%	1.13%	0.6%
GILD	A	0.98%	0.87%	0.87%
GOOGL	B	3.81%	1.77%	1.77%
HON	B	0.62%	0.6%	0.6%
JPM	B	1.71%	0.3%	0.3%
MCD	D	0.85%	1.12%	0.85%
MO	A	0.51%	0.84%	0.51%
MSFT	D	6.73%	4.79%	4.79%
MUR	F	0.13%	0.25%	0.13%
PG	D	1.08%	1.3%	1.08%
UNH	D	1.63%	6.84%	1.63%
V	A	1.36%	0.21%	0.21%

FVAL Overweight 109 Positions Relative to FMCX

Symbol	Grade	Weight
NVDA	B	7.29%
META	B	2.76%
BRK.A	D	2.03%
JNJ	D	1.39%
ABBV	B	1.38%
CRM	B	1.35%
HD	B	1.19%
ACN	C	1.14%
XOM	B	1.13%
MRK	F	1.11%
IBM	D	1.1%
QCOM	F	1.06%
WMT	A	1.05%
BAC	B	1.04%
WFC	B	0.97%
MU	C	0.93%
BMY	A	0.93%
ZM	A	0.92%
AXP	B	0.81%
CI	D	0.8%
HPE	B	0.79%
CAT	B	0.77%
CVS	F	0.76%
CTSH	D	0.75%
UAL	A	0.75%
C	B	0.71%
INTC	C	0.71%
ELV	F	0.69%
RPRX	D	0.66%
TRV	B	0.66%
COF	A	0.66%
ADP	A	0.64%
CVX	B	0.63%
GM	A	0.62%
LVS	B	0.62%
SWKS	F	0.61%
VZ	D	0.61%
DE	C	0.61%
UNP	D	0.61%
T	B	0.61%
EXPE	A	0.6%
DFS	B	0.6%
SYF	A	0.59%
DAL	A	0.59%
CNC	D	0.59%
JXN	B	0.58%
LMT	D	0.58%
RNR	B	0.57%
PRU	C	0.57%
UPS	C	0.56%
LIN	D	0.56%
WYNN	D	0.55%
EBAY	D	0.53%
EG	F	0.51%
KVUE	A	0.5%
MMM	D	0.5%
PCAR	B	0.5%
NEE	D	0.49%
F	F	0.49%
OZK	B	0.48%
CMI	A	0.48%
TGT	D	0.47%
FDX	D	0.45%
G	C	0.43%
KR	A	0.42%
AGCO	D	0.42%
KMB	D	0.42%
RHI	B	0.42%
M	C	0.4%
OC	B	0.39%
ADM	F	0.37%
COP	D	0.37%
DUK	D	0.35%
PLD	F	0.33%
ACI	F	0.33%
BG	F	0.31%
PCG	B	0.28%
PARA	C	0.28%
EOG	F	0.28%
AEP	D	0.27%
PSA	D	0.26%
FCX	B	0.26%
SPG	A	0.26%
EXC	D	0.26%
O	D	0.25%
ATKR	C	0.25%
NRG	B	0.25%
CBRE	A	0.24%
NEM	D	0.23%
MPC	F	0.23%
VLO	F	0.21%
VICI	D	0.21%
NFG	B	0.2%
UGI	F	0.19%
DOW	F	0.19%
BXP	B	0.19%
DVN	F	0.18%
JLL	A	0.18%
NUE	F	0.18%
CF	B	0.17%
GLPI	C	0.17%
ARE	D	0.17%
HST	C	0.17%
STLD	B	0.17%
LYB	F	0.16%
WPC	F	0.16%
MOS	C	0.14%
CLF	D	0.13%
CIVI	F	0.12%

FVAL Underweight 37 Positions Relative to FMCX

Symbol	Grade	Weight
KKR	B	-6.14%
IAC	D	-5.35%
GDDY	B	-4.98%
LBRDK	A	-4.24%
LSXMK	D	-4.22%
GGG	C	-3.98%
PYPL	B	-3.9%
MTCH	C	-3.18%
LSXMA	D	-1.79%
LBRDA	A	-1.74%
PM	A	-1.21%
YUM	C	-1.18%
AMGN	D	-1.11%
KEYS	C	-1.06%
VUSB	A	-0.92%
ICSH	A	-0.92%
CL	D	-0.85%
ENTG	F	-0.82%
ARWR	D	-0.72%
NKE	F	-0.68%
DHR	D	-0.55%
GOOG	B	-0.5%
BAX	D	-0.47%
YUMC	B	-0.42%
MUSA	D	-0.4%
SPGI	D	-0.37%
MTX	B	-0.33%
KEX	D	-0.33%
EQR	D	-0.3%
FWONK	A	-0.21%
FLWS	C	-0.15%
GD	D	-0.13%
BATRK	C	-0.11%
PNR	A	-0.1%
FWONA	A	-0.05%
VMEO	A	-0.03%
BATRA	D	-0.02%