FVAL vs. MDIV ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Multi-Asset Diversified Income Index Fund (MDIV)

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

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.76

Average Daily Volume

87,595

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	MDIV
30 Days	3.33%	1.81%
60 Days	5.59%	1.08%
90 Days	6.82%	3.36%
12 Months	28.35%	18.42%

19 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in MDIV	Overlap
AEP	D	0.26%	0.31%	0.26%
BMY	B	0.98%	0.55%	0.55%
CVX	A	0.67%	0.41%	0.41%
DUK	C	0.34%	0.34%	0.34%
DVN	F	0.18%	0.36%	0.18%
EXC	C	0.26%	0.38%	0.26%
GILD	C	0.97%	0.44%	0.44%
GLPI	C	0.16%	0.79%	0.16%
HST	C	0.17%	0.83%	0.17%
IBM	C	1.09%	0.34%	0.34%
KMB	D	0.41%	0.31%	0.31%
LYB	F	0.15%	0.41%	0.15%
NFG	A	0.2%	0.32%	0.2%
PRU	A	0.56%	0.4%	0.4%
PSA	D	0.25%	0.56%	0.25%
SPG	B	0.27%	0.77%	0.27%
T	A	0.62%	0.6%	0.6%
VICI	C	0.2%	0.71%	0.2%
VZ	C	0.61%	0.6%	0.6%

FVAL Overweight 105 Positions Relative to MDIV

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%
WFC	A	1.08%
PG	A	1.08%
WMT	A	1.07%
MRK	F	1.01%
QCOM	F	1.0%
ZM	B	0.98%
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%
EXPE	B	0.66%
DAL	C	0.64%
ADP	B	0.64%
CMCSA	B	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%
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%
NEE	D	0.46%
RHI	B	0.44%
KR	B	0.43%
OC	A	0.42%
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%
ATKR	C	0.26%
NRG	B	0.26%
FCX	D	0.24%
MPC	D	0.24%
O	D	0.23%
CBRE	B	0.23%
VLO	C	0.22%
NUE	C	0.19%
NEM	D	0.19%
BXP	D	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
JLL	D	0.17%
WPC	D	0.16%
ARE	D	0.16%
DOW	F	0.16%
CIVI	D	0.13%
MOS	F	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 84 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	C	-20.0%
IEP	F	-1.51%
PMT	D	-1.47%
ARLP	A	-1.41%
DMLP	A	-1.3%
BSM	B	-1.28%
KRP	B	-1.27%
DKL	C	-1.2%
CAPL	D	-1.17%
USAC	B	-1.16%
AGNCN	B	-1.09%
APLE	B	-1.05%
LADR	B	-1.03%
EPR	D	-0.99%
GLP	A	-0.96%
MPLX	A	-0.95%
LTC	B	-0.94%
CQP	B	-0.92%
ET	A	-0.91%
NRP	B	-0.89%
WES	C	-0.86%
GTY	B	-0.84%
EPD	A	-0.82%
FITBI	C	-0.79%
CHSCO	C	-0.78%
CHSCL	C	-0.76%
SUN	B	-0.74%
AAT	B	-0.72%
CHSCN	D	-0.72%
RZC	C	-0.72%
PAA	B	-0.71%
IIPR	D	-0.71%
FCPT	C	-0.71%
CHSCM	D	-0.69%
PAGP	A	-0.67%
NHI	D	-0.65%
WU	D	-0.64%
NNN	D	-0.64%
BRX	A	-0.63%
ALEX	C	-0.62%
LAMR	D	-0.61%
CTRE	D	-0.6%
CDP	C	-0.58%
REG	B	-0.57%
MAA	B	-0.57%
CUBE	D	-0.56%
CHRD	D	-0.54%
ENLC	A	-0.51%
OKE	A	-0.51%
FANG	D	-0.47%
TROW	B	-0.46%
DTM	B	-0.45%
NWE	B	-0.45%
EVRG	A	-0.44%
GEL	D	-0.44%
ETR	B	-0.44%
BKH	A	-0.43%
AVA	A	-0.43%
HMN	B	-0.42%
PINC	B	-0.42%
SR	A	-0.42%
PNM	F	-0.39%
XEL	A	-0.39%
VTRS	A	-0.39%
CAG	D	-0.38%
OGS	A	-0.38%
KHC	F	-0.38%
ES	D	-0.37%
FLO	D	-0.37%
WEC	A	-0.37%
POR	C	-0.36%
PNC	B	-0.36%
MSM	C	-0.36%
DRI	B	-0.36%
FE	C	-0.35%
IPG	D	-0.34%
EIX	B	-0.34%
NJR	A	-0.34%
SJM	D	-0.33%
FAF	A	-0.33%
SON	D	-0.32%
MDT	D	-0.31%
GIS	D	-0.3%
NMM	D	-0.05%