FVAL vs. GQI ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Natixis Gateway Quality Income ETF (GQI)

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

$63.26

Average Daily Volume

81,569

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

GQI

Natixis Gateway Quality Income ETF

GQI Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in high-quality stocks and written index call option exposure. Under normal circumstances, the fund invests in a diversified portfolio of U.S. large- and mid-capitalization stocks with quality characteristics identified through certain fundamental metrics determined by Gateway Investment Advisers, LLC.

Grade (RS Rating)

Last Trade

$55.08

Average Daily Volume

16,705

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	GQI
30 Days	3.33%	3.64%
60 Days	5.59%	3.68%
90 Days	6.82%	4.45%
12 Months	28.35%

38 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in GQI	Overlap
AAPL	C	6.68%	7.33%	6.68%
ACN	C	1.15%	1.63%	1.15%
ADM	D	0.35%	0.48%	0.35%
AMZN	C	3.88%	3.32%	3.32%
BG	F	0.32%	0.24%	0.24%
BKNG	A	0.87%	1.98%	0.87%
CI	F	0.81%	0.24%	0.24%
CMI	A	0.52%	0.38%	0.38%
CNC	D	0.54%	0.57%	0.54%
CTSH	B	0.76%	0.28%	0.28%
CVS	D	0.71%	0.79%	0.71%
DVN	F	0.18%	0.45%	0.18%
ELV	F	0.67%	0.43%	0.43%
EOG	A	0.31%	1.25%	0.31%
GOOGL	C	3.72%	4.31%	3.72%
HD	A	1.22%	2.17%	1.22%
JNJ	D	1.31%	0.44%	0.44%
KMB	D	0.41%	0.84%	0.41%
KR	B	0.43%	0.71%	0.43%
LMT	D	0.56%	0.13%	0.13%
LYB	F	0.15%	0.21%	0.15%
META	D	2.55%	3.03%	2.55%
MMM	D	0.5%	0.27%	0.27%
MPC	D	0.24%	0.75%	0.24%
MRK	F	1.01%	0.88%	0.88%
MSFT	F	6.37%	5.69%	5.69%
NRG	B	0.26%	0.24%	0.24%
NUE	C	0.19%	0.48%	0.19%
NVDA	C	7.33%	7.73%	7.33%
PRU	A	0.56%	0.24%	0.24%
QCOM	F	1.0%	0.37%	0.37%
STLD	B	0.18%	0.38%	0.18%
TGT	F	0.48%	1.3%	0.48%
UNH	C	1.69%	0.72%	0.72%
UPS	C	0.55%	0.09%	0.09%
V	A	1.44%	0.48%	0.48%
VLO	C	0.22%	0.86%	0.22%
WMT	A	1.07%	2.1%	1.07%

FVAL Overweight 86 Positions Relative to GQI

Symbol	Grade	Weight
BRK.A	B	2.07%
JPM	A	1.84%
CRM	B	1.46%
XOM	B	1.14%
BAC	A	1.13%
ABBV	D	1.11%
IBM	C	1.09%
WFC	A	1.08%
PG	A	1.08%
BMY	B	0.98%
ZM	B	0.98%
GILD	C	0.97%
MU	D	0.85%
UAL	A	0.84%
MCD	D	0.84%
AXP	A	0.83%
HPE	B	0.81%
INTC	D	0.77%
CAT	B	0.77%
C	A	0.74%
COF	B	0.72%
TRV	B	0.68%
DFS	B	0.68%
HON	B	0.68%
SYF	B	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%
LVS	C	0.55%
MO	A	0.55%
RNR	C	0.54%
LIN	D	0.53%
PCAR	B	0.53%
KVUE	A	0.52%
F	C	0.51%
OZK	B	0.51%
EBAY	D	0.51%
EG	C	0.5%
WYNN	D	0.5%
G	B	0.49%
FDX	B	0.48%
NEE	D	0.46%
RHI	B	0.44%
OC	A	0.42%
COP	C	0.4%
M	D	0.39%
AGCO	D	0.38%
ACI	C	0.34%
DUK	C	0.34%
PLD	D	0.32%
PCG	A	0.29%
PARA	C	0.28%
SPG	B	0.27%
EXC	C	0.26%
ATKR	C	0.26%
AEP	D	0.26%
PSA	D	0.25%
FCX	D	0.24%
O	D	0.23%
CBRE	B	0.23%
NFG	A	0.2%
VICI	C	0.2%
NEM	D	0.19%
BXP	D	0.18%
CF	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%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 72 Positions Relative to GQI

Symbol	Grade	Weight
MA	C	-2.24%
COST	B	-2.11%
TSLA	B	-1.7%
MCK	B	-1.47%
CTAS	B	-1.37%
ITW	B	-1.34%
TJX	A	-1.08%
ADBE	C	-1.01%
PSX	C	-0.96%
GWW	B	-0.93%
FAST	B	-0.86%
AMAT	F	-0.8%
CL	D	-0.79%
COR	B	-0.74%
ODFL	B	-0.7%
SYY	B	-0.69%
LULU	C	-0.65%
LLY	F	-0.63%
IDXX	F	-0.63%
CDNS	B	-0.61%
HUM	C	-0.6%
GEV	B	-0.59%
NOW	A	-0.56%
NKE	D	-0.56%
CAH	B	-0.54%
DECK	A	-0.5%
NVR	D	-0.49%
SPOT	B	-0.42%
RMD	C	-0.42%
BLDR	D	-0.4%
WST	C	-0.38%
CLX	B	-0.38%
LRCX	F	-0.36%
LYV	A	-0.35%
VRSK	A	-0.34%
TSN	B	-0.34%
LUV	C	-0.32%
ULTA	F	-0.31%
EXPD	D	-0.31%
BBY	D	-0.31%
MOH	F	-0.31%
ALGN	D	-0.3%
DPZ	C	-0.28%
CDW	F	-0.28%
JBL	B	-0.28%
JBHT	C	-0.27%
ROL	B	-0.26%
VRSN	F	-0.25%
EPAM	C	-0.25%
MPWR	F	-0.25%
POOL	C	-0.25%
CHRW	C	-0.24%
REGN	F	-0.24%
ANET	C	-0.24%
INCY	C	-0.22%
PGR	A	-0.19%
PAYC	B	-0.19%
NFLX	A	-0.16%
AOS	F	-0.16%
CRWD	B	-0.16%
MKTX	D	-0.15%
MTD	D	-0.14%
LEN	D	-0.14%
ZTS	D	-0.13%
PANW	C	-0.12%
MNST	C	-0.12%
WBA	F	-0.11%
CMG	B	-0.1%
SNPS	B	-0.1%
BWA	D	-0.09%
TER	D	-0.08%
DLTR	F	-0.06%