FVAL vs. PY ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to Principal Shareholder Yield Index ETF (PY)

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

$60.37

Average Daily Volume

53,830

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$49.90

Average Daily Volume

4,382

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	PY
30 Days	2.57%	2.97%
60 Days	3.41%	4.58%
90 Days	5.27%	9.17%
12 Months	28.08%	29.05%

41 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in PY	Overlap
AAPL	C	7.04%	3.99%	3.99%
ACN	C	1.13%	1.15%	1.13%
ADM	D	0.42%	0.79%	0.42%
ADP	C	0.62%	0.97%	0.62%
ARE	C	0.19%	0.77%	0.19%
AXP	B	0.81%	1.11%	0.81%
BMY	C	0.89%	0.93%	0.89%
CAT	B	0.77%	1.18%	0.77%
CF	B	0.18%	0.76%	0.18%
CI	C	0.93%	0.93%	0.93%
CMCSA	C	0.59%	1.05%	0.59%
CTSH	B	0.77%	0.78%	0.77%
CVS	D	0.8%	0.86%	0.8%
CVX	F	0.63%	1.28%	0.63%
DE	A	0.63%	0.98%	0.63%
DFS	C	0.57%	0.85%	0.57%
EBAY	B	0.55%	0.81%	0.55%
EG	B	0.54%	0.74%	0.54%
FDX	D	0.51%	0.76%	0.51%
HD	B	1.21%	1.59%	1.21%
HPE	C	0.75%	0.8%	0.75%
KMB	C	0.44%	0.77%	0.44%
KR	B	0.42%	0.82%	0.42%
LMT	A	0.62%	0.98%	0.62%
LYB	D	0.18%	0.76%	0.18%
MO	C	0.52%	0.85%	0.52%
MPC	F	0.27%	0.82%	0.27%
MSFT	C	6.97%	3.73%	3.73%
NVDA	C	6.3%	2.79%	2.79%
PLD	C	0.37%	0.95%	0.37%
PRU	C	0.56%	0.84%	0.56%
QCOM	D	1.12%	1.16%	1.12%
SPG	B	0.26%	0.82%	0.26%
STLD	C	0.16%	0.79%	0.16%
SWKS	F	0.68%	0.73%	0.68%
SYF	C	0.54%	0.79%	0.54%
TRV	C	0.64%	0.83%	0.64%
VICI	C	0.22%	0.76%	0.22%
VLO	F	0.23%	0.79%	0.23%
WFC	D	0.84%	1.16%	0.84%
XOM	D	1.15%	1.82%	1.15%

FVAL Overweight 83 Positions Relative to PY

Symbol	Grade	Weight
AMZN	C	3.76%
GOOGL	D	3.62%
META	B	2.66%
BRK.A	C	2.1%
UNH	C	1.7%
JPM	D	1.64%
JNJ	C	1.46%
V	C	1.37%
ABBV	B	1.35%
MRK	F	1.27%
CRM	C	1.24%
IBM	B	1.18%
PG	C	1.13%
BAC	D	1.03%
WMT	B	1.03%
GILD	B	0.95%
ELV	D	0.93%
MCD	B	0.88%
ZM	C	0.84%
MU	D	0.81%
CNC	D	0.74%
BKNG	B	0.73%
C	C	0.71%
INTC	D	0.69%
RPRX	C	0.69%
UNP	D	0.67%
VZ	A	0.66%
HON	C	0.63%
COF	B	0.62%
T	B	0.61%
GM	C	0.59%
LIN	B	0.57%
UPS	D	0.56%
RNR	B	0.56%
MMM	B	0.54%
EXPE	C	0.54%
JXN	B	0.53%
NEE	B	0.52%
F	F	0.52%
TGT	C	0.51%
KVUE	B	0.51%
UAL	B	0.5%
LVS	C	0.5%
PCAR	D	0.49%
OZK	F	0.48%
DAL	C	0.48%
CMI	B	0.46%
WYNN	C	0.45%
G	C	0.44%
AGCO	D	0.41%
RHI	D	0.41%
COP	F	0.41%
OC	C	0.4%
M	F	0.4%
BG	F	0.37%
DUK	B	0.36%
ACI	F	0.34%
EOG	D	0.3%
AEP	C	0.29%
PCG	C	0.28%
PSA	C	0.28%
PARA	D	0.28%
EXC	B	0.27%
ATKR	F	0.27%
FCX	C	0.26%
NEM	C	0.26%
O	B	0.25%
NRG	B	0.24%
CBRE	B	0.23%
NUE	D	0.2%
NFG	B	0.2%
DOW	C	0.2%
BXP	C	0.19%
UGI	B	0.19%
DVN	F	0.19%
GLPI	C	0.18%
JLL	B	0.18%
HST	D	0.18%
WPC	C	0.18%
MUR	F	0.15%
CIVI	F	0.14%
MOS	F	0.14%
CLF	F	0.12%

FVAL Underweight 64 Positions Relative to PY

Symbol	Grade	Weight
AVGO	C	-2.46%
LOW	B	-1.07%
RTX	B	-1.04%
MS	B	-1.02%
TJX	C	-1.01%
TT	B	-0.98%
NKE	D	-0.98%
CB	B	-0.97%
MMC	C	-0.93%
PNC	C	-0.91%
MDLZ	C	-0.91%
ITW	B	-0.89%
CSX	C	-0.89%
BK	B	-0.88%
MET	B	-0.87%
SLB	F	-0.86%
AMP	B	-0.85%
PSX	F	-0.83%
BKR	C	-0.82%
AIG	D	-0.82%
FITB	B	-0.81%
DD	B	-0.81%
PAYX	C	-0.81%
OTIS	B	-0.81%
PNR	B	-0.81%
EQT	C	-0.8%
DRI	C	-0.8%
TRGP	C	-0.8%
NDAQ	C	-0.79%
AVB	C	-0.79%
EMN	B	-0.79%
AOS	B	-0.78%
HAL	F	-0.78%
ROK	D	-0.78%
HPQ	C	-0.78%
GIS	B	-0.78%
HIG	B	-0.78%
MRO	D	-0.77%
RL	B	-0.77%
OXY	F	-0.77%
PPG	C	-0.77%
FANG	F	-0.77%
RF	B	-0.77%
BEN	F	-0.77%
WTW	B	-0.76%
ALLE	B	-0.76%
SBAC	C	-0.76%
ESS	C	-0.76%
NDSN	C	-0.76%
SNA	B	-0.76%
MKC	C	-0.75%
INVH	D	-0.75%
HSY	D	-0.75%
CPT	C	-0.75%
SYY	C	-0.75%
MAA	C	-0.75%
BR	C	-0.75%
GPC	D	-0.75%
CINF	C	-0.74%
AIZ	B	-0.73%
FOXA	B	-0.73%
BBWI	D	-0.73%
TAP	D	-0.71%
HRL	F	-0.7%