FVAL vs. QLC ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to FlexShares US Quality Large Cap Index Fund (QLC)

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

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$67.43

Average Daily Volume

43,756

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	QLC
30 Days	3.33%	3.14%
60 Days	5.59%	4.71%
90 Days	6.82%	6.03%
12 Months	28.35%	34.37%

59 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in QLC	Overlap
AAPL	C	6.68%	7.51%	6.68%
ABBV	D	1.11%	0.19%	0.19%
ACN	C	1.15%	0.68%	0.68%
ADM	D	0.35%	0.02%	0.02%
ADP	B	0.64%	0.05%	0.05%
AMZN	C	3.88%	2.34%	2.34%
BAC	A	1.13%	1.5%	1.13%
BKNG	A	0.87%	0.66%	0.66%
BMY	B	0.98%	0.44%	0.44%
BRK.A	B	2.07%	2.35%	2.07%
C	A	0.74%	1.25%	0.74%
CAT	B	0.77%	0.95%	0.77%
CBRE	B	0.23%	0.63%	0.23%
CI	F	0.81%	0.76%	0.76%
CMCSA	B	0.61%	0.78%	0.61%
CMI	A	0.52%	0.31%	0.31%
CNC	D	0.54%	0.29%	0.29%
COF	B	0.72%	0.72%	0.72%
CRM	B	1.46%	0.04%	0.04%
CTSH	B	0.76%	0.34%	0.34%
DFS	B	0.68%	0.18%	0.18%
EBAY	D	0.51%	0.47%	0.47%
ELV	F	0.67%	0.12%	0.12%
EXC	C	0.26%	0.38%	0.26%
EXPE	B	0.66%	0.05%	0.05%
GILD	C	0.97%	0.15%	0.15%
GOOGL	C	3.72%	2.85%	2.85%
HD	A	1.22%	0.66%	0.66%
HST	C	0.17%	0.44%	0.17%
JLL	D	0.17%	0.03%	0.03%
JNJ	D	1.31%	1.48%	1.31%
JPM	A	1.84%	2.1%	1.84%
KMB	D	0.41%	0.43%	0.41%
KR	B	0.43%	0.46%	0.43%
LMT	D	0.56%	0.58%	0.56%
LYB	F	0.15%	0.11%	0.11%
META	D	2.55%	2.34%	2.34%
MMM	D	0.5%	0.25%	0.25%
MO	A	0.55%	0.29%	0.29%
MPC	D	0.24%	0.54%	0.24%
MRK	F	1.01%	0.88%	0.88%
MSFT	F	6.37%	4.69%	4.69%
NRG	B	0.26%	0.47%	0.26%
NUE	C	0.19%	0.39%	0.19%
NVDA	C	7.33%	6.54%	6.54%
PCAR	B	0.53%	0.3%	0.3%
PG	A	1.08%	1.27%	1.08%
PRU	A	0.56%	0.28%	0.28%
PSA	D	0.25%	0.48%	0.25%
QCOM	F	1.0%	0.66%	0.66%
SPG	B	0.27%	0.64%	0.27%
STLD	B	0.18%	0.47%	0.18%
SYF	B	0.67%	0.56%	0.56%
T	A	0.62%	0.78%	0.62%
TGT	F	0.48%	0.06%	0.06%
UPS	C	0.55%	0.37%	0.37%
VLO	C	0.22%	0.53%	0.22%
WFC	A	1.08%	0.45%	0.45%
ZM	B	0.98%	0.06%	0.06%

FVAL Overweight 65 Positions Relative to QLC

Symbol	Grade	Weight
UNH	C	1.69%
V	A	1.44%
XOM	B	1.14%
IBM	C	1.09%
WMT	A	1.07%
MU	D	0.85%
UAL	A	0.84%
MCD	D	0.84%
AXP	A	0.83%
HPE	B	0.81%
INTC	D	0.77%
CVS	D	0.71%
TRV	B	0.68%
HON	B	0.68%
GM	B	0.67%
CVX	A	0.67%
DAL	C	0.64%
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%
RNR	C	0.54%
LIN	D	0.53%
KVUE	A	0.52%
F	C	0.51%
OZK	B	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%
BG	F	0.32%
EOG	A	0.31%
PCG	A	0.29%
PARA	C	0.28%
ATKR	C	0.26%
AEP	D	0.26%
FCX	D	0.24%
O	D	0.23%
NFG	A	0.2%
VICI	C	0.2%
NEM	D	0.19%
BXP	D	0.18%
DVN	F	0.18%
CF	B	0.18%
UGI	A	0.18%
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 105 Positions Relative to QLC

Symbol	Grade	Weight
GOOG	C	-2.82%
AVGO	D	-1.69%
CSCO	B	-1.25%
LLY	F	-1.14%
ORCL	B	-1.12%
INTU	C	-1.08%
GE	D	-0.96%
SO	D	-0.84%
ADBE	C	-0.82%
ITW	B	-0.77%
MCK	B	-0.77%
TSLA	B	-0.73%
LRCX	F	-0.72%
MS	A	-0.69%
NFLX	A	-0.69%
BK	A	-0.68%
GS	A	-0.68%
FICO	B	-0.68%
ETR	B	-0.66%
AMAT	F	-0.66%
GWW	B	-0.64%
KLAC	D	-0.64%
AFL	B	-0.62%
PEG	A	-0.61%
AZO	C	-0.56%
PPL	B	-0.56%
COR	B	-0.56%
AMGN	D	-0.55%
MET	A	-0.55%
AVB	B	-0.55%
LDOS	C	-0.54%
PM	B	-0.54%
NVR	D	-0.54%
APP	B	-0.53%
ESS	B	-0.53%
AIG	B	-0.52%
ED	D	-0.51%
FTNT	C	-0.5%
ADI	D	-0.47%
CHKP	D	-0.46%
LOW	D	-0.45%
STT	A	-0.44%
EQR	B	-0.44%
WY	D	-0.43%
RCL	A	-0.4%
OMC	C	-0.39%
DVA	B	-0.39%
MELI	D	-0.38%
RMD	C	-0.38%
EXPD	D	-0.38%
CSL	C	-0.35%
GIS	D	-0.34%
FIS	C	-0.34%
DELL	C	-0.33%
LH	C	-0.33%
CL	D	-0.33%
ALLY	C	-0.33%
MTD	D	-0.31%
TAP	C	-0.28%
EA	A	-0.28%
WAB	B	-0.28%
FITB	A	-0.27%
JBL	B	-0.27%
MAS	D	-0.24%
DASH	A	-0.24%
PHM	D	-0.23%
ABNB	C	-0.22%
MCHP	D	-0.22%
OXY	D	-0.21%
EIX	B	-0.21%
HOOD	B	-0.21%
CAH	B	-0.21%
HOLX	D	-0.2%
HCA	F	-0.19%
IT	C	-0.19%
PSX	C	-0.19%
BBY	D	-0.19%
IDXX	F	-0.18%
FI	A	-0.18%
NTAP	C	-0.17%
PAYX	C	-0.16%
ICLR	D	-0.14%
THC	D	-0.14%
UTHR	C	-0.13%
ABT	B	-0.13%
WSM	B	-0.13%
EME	C	-0.12%
MANH	D	-0.11%
CRBG	B	-0.09%
LEN	D	-0.09%
AOS	F	-0.08%
CE	F	-0.07%
FLEX	A	-0.07%
GEHC	F	-0.07%
REGN	F	-0.06%
SYK	C	-0.05%
DHR	F	-0.04%
EVRG	A	-0.03%
ROP	B	-0.03%
MEDP	D	-0.02%
MAA	B	-0.02%
TXT	D	-0.02%
SMCI	F	-0.02%
LAMR	D	-0.02%
EMR	A	-0.02%