FVAL vs. INFO ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Harbor PanAgora Dynamic Large Cap Core ETF (INFO)

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

INFO

Harbor PanAgora Dynamic Large Cap Core ETF

INFO Description

INFO aims to generate alpha consistently within the large-cap US market. Portfolio construction utilizes a bottom-up investment strategy integrating fundamental analysis with quantitative techniques and risk management tools. The subadvisor employs a proprietary alpha modeling framework to identify companies with strong financial and operational health, aiming for above-market returns relative to the S&P 500 Index. The strategy incorporates uncorrelated alpha factors, such as value, momentum, and quality. Additionally, ESG attributes are also evaluated to enhance the overall alpha scores. Security weighting is determined using a proprietary optimization technique, balancing alpha generation with risk metrics like tracking err, market risk, and concentration risk.

Grade (RS Rating)

Last Trade

$20.71

Average Daily Volume

785

Number of Holdings ^*

116

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	INFO
30 Days	3.33%	1.88%
60 Days	5.59%
90 Days	6.82%
12 Months	28.35%

38 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in INFO	Overlap
AAPL	C	6.68%	6.96%	6.68%
AMZN	C	3.88%	4.08%	3.88%
AXP	A	0.83%	0.56%	0.56%
BMY	B	0.98%	0.64%	0.64%
BRK.A	B	2.07%	0.99%	0.99%
CI	F	0.81%	0.88%	0.81%
CMCSA	B	0.61%	0.86%	0.61%
CNC	D	0.54%	0.41%	0.41%
CRM	B	1.46%	1.54%	1.46%
DUK	C	0.34%	0.13%	0.13%
EBAY	D	0.51%	0.25%	0.25%
EOG	A	0.31%	0.16%	0.16%
EXC	C	0.26%	0.76%	0.26%
GM	B	0.67%	1.02%	0.67%
GOOGL	C	3.72%	3.86%	3.72%
HD	A	1.22%	0.08%	0.08%
JNJ	D	1.31%	0.94%	0.94%
JPM	A	1.84%	1.87%	1.84%
KR	B	0.43%	0.52%	0.43%
LMT	D	0.56%	0.94%	0.56%
META	D	2.55%	3.01%	2.55%
MPC	D	0.24%	0.61%	0.24%
MRK	F	1.01%	1.12%	1.01%
MSFT	F	6.37%	6.1%	6.1%
MU	D	0.85%	0.23%	0.23%
NEE	D	0.46%	0.36%	0.36%
NRG	B	0.26%	0.74%	0.26%
NVDA	C	7.33%	7.25%	7.25%
PG	A	1.08%	0.35%	0.35%
QCOM	F	1.0%	0.89%	0.89%
SPG	B	0.27%	0.86%	0.27%
SYF	B	0.67%	1.01%	0.67%
TGT	F	0.48%	0.68%	0.48%
UNH	C	1.69%	0.34%	0.34%
V	A	1.44%	1.13%	1.13%
WFC	A	1.08%	1.12%	1.08%
WMT	A	1.07%	1.22%	1.07%
XOM	B	1.14%	1.16%	1.14%

FVAL Overweight 86 Positions Relative to INFO

Symbol	Grade	Weight
ACN	C	1.15%
BAC	A	1.13%
ABBV	D	1.11%
IBM	C	1.09%
ZM	B	0.98%
GILD	C	0.97%
BKNG	A	0.87%
UAL	A	0.84%
MCD	D	0.84%
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%
ELV	F	0.67%
CVX	A	0.67%
EXPE	B	0.66%
DAL	C	0.64%
ADP	B	0.64%
T	A	0.62%
VZ	C	0.61%
RPRX	D	0.61%
UNP	C	0.61%
DE	A	0.59%
SWKS	F	0.56%
JXN	C	0.56%
PRU	A	0.56%
LVS	C	0.55%
UPS	C	0.55%
MO	A	0.55%
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%
EG	C	0.5%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
FDX	B	0.48%
RHI	B	0.44%
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%
PCG	A	0.29%
PARA	C	0.28%
ATKR	C	0.26%
AEP	D	0.26%
PSA	D	0.25%
FCX	D	0.24%
O	D	0.23%
CBRE	B	0.23%
VLO	C	0.22%
NFG	A	0.2%
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 78 Positions Relative to INFO

Symbol	Grade	Weight
MA	C	-1.61%
TSLA	B	-1.38%
AVGO	D	-1.22%
NOW	A	-1.2%
NFLX	A	-1.13%
GE	D	-1.1%
TJX	A	-1.04%
BKR	B	-0.97%
TT	A	-0.95%
MSI	B	-0.95%
MCK	B	-0.94%
AMAT	F	-0.93%
LLY	F	-0.91%
COST	B	-0.89%
LRCX	F	-0.87%
ETR	B	-0.85%
ALL	A	-0.83%
MSCI	C	-0.82%
ANET	C	-0.82%
INTU	C	-0.81%
MMC	B	-0.81%
HIG	B	-0.79%
LDOS	C	-0.78%
EQR	B	-0.76%
CTVA	C	-0.76%
PEP	F	-0.76%
CBOE	B	-0.73%
A	D	-0.73%
HOLX	D	-0.73%
MAS	D	-0.72%
SPGI	C	-0.69%
EQIX	A	-0.69%
NTAP	C	-0.68%
FTV	C	-0.64%
MDLZ	F	-0.62%
VRSK	A	-0.61%
ECL	D	-0.57%
INVH	D	-0.56%
CL	D	-0.55%
MTD	D	-0.48%
BK	A	-0.48%
AVY	D	-0.46%
GDDY	A	-0.43%
PYPL	B	-0.43%
DD	D	-0.42%
WDAY	B	-0.42%
ROST	C	-0.41%
DASH	A	-0.4%
SSNC	B	-0.37%
MELI	D	-0.36%
INGR	B	-0.35%
FTI	A	-0.35%
VEEV	C	-0.35%
RPM	A	-0.34%
UBER	D	-0.34%
ALNY	D	-0.3%
ILMN	D	-0.3%
ATR	B	-0.3%
WAB	B	-0.27%
CBSH	A	-0.25%
UNM	A	-0.25%
DHI	D	-0.22%
SNOW	C	-0.22%
AXS	A	-0.2%
MKC	D	-0.2%
AMD	F	-0.19%
QRVO	F	-0.19%
NOV	C	-0.19%
DTE	C	-0.18%
NXPI	D	-0.17%
MTG	C	-0.13%
PH	A	-0.13%
NOC	D	-0.1%
THC	D	-0.09%
AMT	D	-0.08%
EQH	B	-0.07%
TOL	B	-0.06%
HLT	A	-0.05%