FVAL vs. USXF ETF Comparison

Comparison of Fidelity Value Factor ETF (FVAL) to iShares ESG Advanced MSCI USA ETF (USXF)

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

USXF

iShares ESG Advanced MSCI USA ETF

USXF Description

The investment seeks to track the investment results of the MSCI USA Choice ESG Screened Index (the “underlying index”). The underlying index is a free float-adjusted market capitalization-weighted index designed to reflect the equity performance of large- and mid-capitalization U.S. companies with favorable environmental, social and governance (“ESG”) ratings while applying extensive screens, including removing fossil fuel exposure. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$51.89

Average Daily Volume

82,986

Number of Holdings ^*

347

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	USXF
30 Days	3.33%	3.47%
60 Days	5.59%	6.46%
90 Days	6.82%	6.86%
12 Months	28.35%	38.85%

42 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in USXF	Overlap
ADP	B	0.64%	0.58%	0.58%
ARE	D	0.16%	0.08%	0.08%
AXP	A	0.83%	0.79%	0.79%
BKNG	A	0.87%	0.81%	0.81%
BXP	D	0.18%	0.06%	0.06%
CBRE	B	0.23%	0.2%	0.2%
CF	B	0.18%	0.08%	0.08%
CMCSA	B	0.61%	0.8%	0.61%
CMI	A	0.52%	0.24%	0.24%
COF	B	0.72%	0.33%	0.33%
CTSH	B	0.76%	0.18%	0.18%
DE	A	0.59%	0.5%	0.5%
DFS	B	0.68%	0.21%	0.21%
EBAY	D	0.51%	0.15%	0.15%
EG	C	0.5%	0.08%	0.08%
ELV	F	0.67%	0.44%	0.44%
HD	A	1.22%	1.94%	1.22%
HPE	B	0.81%	0.13%	0.13%
HST	C	0.17%	0.06%	0.06%
INTC	D	0.77%	0.49%	0.49%
KVUE	A	0.52%	0.22%	0.22%
LIN	D	0.53%	1.03%	0.53%
MOS	F	0.13%	0.04%	0.04%
MU	D	0.85%	0.52%	0.52%
NEM	D	0.19%	0.24%	0.19%
NVDA	C	7.33%	17.37%	7.33%
OC	A	0.42%	0.08%	0.08%
PCAR	B	0.53%	0.28%	0.28%
PLD	D	0.32%	0.51%	0.32%
PRU	A	0.56%	0.22%	0.22%
PSA	D	0.25%	0.25%	0.25%
QCOM	F	1.0%	0.88%	0.88%
RPRX	D	0.61%	0.05%	0.05%
SPG	B	0.27%	0.28%	0.27%
STLD	B	0.18%	0.1%	0.1%
SWKS	F	0.56%	0.06%	0.06%
SYF	B	0.67%	0.12%	0.12%
TGT	F	0.48%	0.35%	0.35%
TRV	B	0.68%	0.29%	0.29%
V	A	1.44%	2.36%	1.44%
VZ	C	0.61%	0.85%	0.61%
WPC	D	0.16%	0.06%	0.06%

FVAL Overweight 82 Positions Relative to USXF

Symbol	Grade	Weight
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%
JNJ	D	1.31%
ACN	C	1.15%
XOM	B	1.14%
BAC	A	1.13%
ABBV	D	1.11%
IBM	C	1.09%
WFC	A	1.08%
PG	A	1.08%
WMT	A	1.07%
MRK	F	1.01%
BMY	B	0.98%
ZM	B	0.98%
GILD	C	0.97%
UAL	A	0.84%
MCD	D	0.84%
CI	F	0.81%
CAT	B	0.77%
C	A	0.74%
CVS	D	0.71%
HON	B	0.68%
GM	B	0.67%
CVX	A	0.67%
EXPE	B	0.66%
DAL	C	0.64%
T	A	0.62%
UNP	C	0.61%
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%
F	C	0.51%
OZK	B	0.51%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
FDX	B	0.48%
NEE	D	0.46%
RHI	B	0.44%
KR	B	0.43%
KMB	D	0.41%
COP	C	0.4%
M	D	0.39%
AGCO	D	0.38%
ADM	D	0.35%
ACI	C	0.34%
DUK	C	0.34%
BG	F	0.32%
EOG	A	0.31%
PCG	A	0.29%
PARA	C	0.28%
EXC	C	0.26%
ATKR	C	0.26%
NRG	B	0.26%
AEP	D	0.26%
FCX	D	0.24%
MPC	D	0.24%
O	D	0.23%
VLO	C	0.22%
NFG	A	0.2%
VICI	C	0.2%
NUE	C	0.19%
DVN	F	0.18%
UGI	A	0.18%
JLL	D	0.17%
GLPI	C	0.16%
DOW	F	0.16%
LYB	F	0.15%
CIVI	D	0.13%
MUR	D	0.13%
CLF	F	0.11%

FVAL Underweight 305 Positions Relative to USXF

Symbol	Grade	Weight
AVGO	D	-3.51%
MA	C	-2.07%
AMD	F	-1.08%
ADBE	C	-1.06%
NOW	A	-1.01%
TXN	C	-0.88%
INTU	C	-0.86%
SPGI	C	-0.77%
MS	A	-0.77%
DHR	F	-0.74%
BLK	C	-0.73%
PGR	A	-0.72%
AMGN	D	-0.72%
LOW	D	-0.71%
ETN	A	-0.7%
AMAT	F	-0.67%
TJX	A	-0.65%
SYK	C	-0.64%
PANW	C	-0.6%
FI	A	-0.6%
SCHW	B	-0.58%
VRTX	F	-0.56%
CB	C	-0.53%
MMC	B	-0.52%
ADI	D	-0.5%
ANET	C	-0.48%
GEV	B	-0.45%
TT	A	-0.45%
AMT	D	-0.45%
LRCX	F	-0.44%
PH	A	-0.43%
SHW	A	-0.43%
ICE	C	-0.43%
EQIX	A	-0.42%
MELI	D	-0.42%
WM	A	-0.42%
APH	A	-0.41%
WELL	A	-0.4%
CME	A	-0.4%
KLAC	D	-0.4%
PYPL	B	-0.4%
REGN	F	-0.39%
PNC	B	-0.39%
CRWD	B	-0.39%
CDNS	B	-0.39%
SNPS	B	-0.39%
USB	A	-0.38%
ITW	B	-0.38%
CTAS	B	-0.38%
ZTS	D	-0.38%
MCO	B	-0.37%
MRVL	B	-0.37%
AON	A	-0.36%
APD	A	-0.35%
ORLY	B	-0.34%
CRH	A	-0.33%
HCA	F	-0.32%
ADSK	A	-0.32%
APO	B	-0.32%
MSTR	C	-0.32%
AJG	B	-0.31%
TFC	A	-0.3%
HLT	A	-0.3%
AFL	B	-0.29%
DLR	B	-0.29%
BK	A	-0.28%
RCL	A	-0.28%
ROP	B	-0.28%
FTNT	C	-0.28%
AMP	A	-0.27%
NXPI	D	-0.27%
FICO	B	-0.27%
AZO	C	-0.26%
DASH	A	-0.26%
URI	B	-0.26%
WDAY	B	-0.26%
GWW	B	-0.25%
AIG	B	-0.24%
VRT	B	-0.24%
FIS	C	-0.23%
DHI	D	-0.23%
WCN	A	-0.23%
PWR	A	-0.23%
CPRT	A	-0.23%
AME	A	-0.22%
HWM	A	-0.22%
CCI	D	-0.22%
PAYX	C	-0.22%
ROST	C	-0.22%
RSG	A	-0.22%
FAST	B	-0.22%
AXON	A	-0.21%
TEL	B	-0.21%
OTIS	C	-0.2%
FERG	B	-0.2%
IR	B	-0.2%
ODFL	B	-0.2%
EA	A	-0.2%
EW	C	-0.2%
GLW	B	-0.19%
SNOW	C	-0.19%
TEAM	A	-0.19%
IT	C	-0.19%
VRSK	A	-0.19%
A	D	-0.18%
VMC	B	-0.18%
DDOG	A	-0.18%
YUM	B	-0.18%
HIG	B	-0.17%
WAB	B	-0.17%
NDAQ	A	-0.17%
MCHP	D	-0.17%
IQV	D	-0.17%
RMD	C	-0.17%
GIS	D	-0.17%
MTB	A	-0.17%
GEHC	F	-0.17%
ACGL	D	-0.17%
MLM	B	-0.17%
CHTR	C	-0.17%
KDP	D	-0.17%
VEEV	C	-0.16%
AVB	B	-0.16%
HUBS	A	-0.16%
HUM	C	-0.16%
IRM	D	-0.16%
LULU	C	-0.16%
IDXX	F	-0.16%
WTW	B	-0.15%
ROK	B	-0.15%
GRMN	B	-0.15%
RJF	A	-0.15%
STT	A	-0.14%
PPG	F	-0.14%
MPWR	F	-0.14%
ON	D	-0.14%
NET	B	-0.14%
GPN	B	-0.14%
TSCO	D	-0.14%
CSGP	D	-0.14%
ANSS	B	-0.14%
XYL	D	-0.14%
ALNY	D	-0.14%
DXCM	D	-0.14%
VTR	C	-0.13%
FTV	C	-0.13%
TROW	B	-0.13%
GDDY	A	-0.13%
BRO	B	-0.13%
NVR	D	-0.13%
KEYS	A	-0.13%
BR	A	-0.13%
PHM	D	-0.13%
AWK	D	-0.13%
DECK	A	-0.13%
CHD	B	-0.13%
DOV	A	-0.13%
SW	A	-0.13%
RF	A	-0.12%
EME	C	-0.12%
HUBB	B	-0.12%
MTD	D	-0.12%
NTAP	C	-0.12%
HBAN	A	-0.12%
TYL	B	-0.12%
EQR	B	-0.12%
VLTO	D	-0.12%
K	A	-0.11%
NTRS	A	-0.11%
WST	C	-0.11%
WBD	C	-0.11%
BIIB	F	-0.11%
IFF	D	-0.11%
PTC	A	-0.11%
ZBH	C	-0.11%
CDW	F	-0.11%
LPLA	A	-0.11%
SBAC	D	-0.11%
PFG	D	-0.1%
LII	A	-0.1%
WAT	B	-0.1%
CSL	C	-0.1%
INVH	D	-0.1%
CLX	B	-0.1%
STE	F	-0.1%
MDB	C	-0.1%
PKG	A	-0.1%
WDC	D	-0.1%
CBOE	B	-0.1%
ILMN	D	-0.1%
LYV	A	-0.1%
BLDR	D	-0.1%
BBY	D	-0.09%
BAH	F	-0.09%
KEY	B	-0.09%
DGX	A	-0.09%
FDS	B	-0.09%
HOLX	D	-0.09%
PODD	C	-0.09%
WSO	A	-0.09%
ZS	C	-0.09%
BALL	D	-0.09%
TRU	D	-0.09%
SNA	A	-0.09%
FSLR	F	-0.09%
IP	B	-0.09%
MKC	D	-0.09%
OMC	C	-0.09%
DRI	B	-0.09%
STX	D	-0.09%
ZBRA	B	-0.09%
TWLO	A	-0.08%
AVY	D	-0.08%
ALGN	D	-0.08%
VRSN	F	-0.08%
TER	D	-0.08%
DOCU	A	-0.08%
ULTA	F	-0.08%
GEN	B	-0.08%
MOH	F	-0.08%
EXPD	D	-0.08%
MANH	D	-0.08%
MAS	D	-0.08%
DG	F	-0.08%
KIM	A	-0.08%
GPC	D	-0.08%
FWONK	B	-0.08%
IEX	B	-0.08%
TRMB	B	-0.08%
PNR	A	-0.08%
RPM	A	-0.08%
WSM	B	-0.08%
RS	B	-0.08%
NDSN	B	-0.07%
POOL	C	-0.07%
FFIV	B	-0.07%
ROL	B	-0.07%
JBL	B	-0.07%
DT	C	-0.07%
ACM	A	-0.07%
JBHT	C	-0.07%
ENTG	D	-0.07%
DOC	D	-0.07%
EL	F	-0.07%
UTHR	C	-0.07%
DPZ	C	-0.07%
TOST	B	-0.07%
PSTG	D	-0.07%
INCY	C	-0.06%
KMX	B	-0.06%
DAY	B	-0.06%
BMRN	D	-0.06%
SJM	D	-0.06%
CG	A	-0.06%
NBIX	C	-0.06%
ALLE	D	-0.06%
OKTA	C	-0.06%
MRNA	F	-0.06%
AMH	D	-0.06%
JKHY	D	-0.06%
CAG	D	-0.06%
CHRW	C	-0.06%
REG	B	-0.06%
SWK	D	-0.06%
EPAM	C	-0.06%
AVTR	F	-0.06%
AKAM	D	-0.06%
RVTY	F	-0.06%
CRL	C	-0.05%
HSIC	B	-0.05%
ALLY	C	-0.05%
SOLV	C	-0.05%
CNH	C	-0.05%
NLY	C	-0.05%
EXAS	D	-0.05%
LKQ	D	-0.05%
MKTX	D	-0.05%
IPG	D	-0.05%
TECH	D	-0.05%
CTLT	B	-0.05%
LW	C	-0.05%
IOT	A	-0.05%
CCK	C	-0.05%
PAYC	B	-0.05%
AIZ	A	-0.05%
JNPR	F	-0.05%
BSY	D	-0.04%
DVA	B	-0.04%
ENPH	F	-0.04%
TTC	D	-0.04%
CPB	D	-0.04%
AOS	F	-0.04%
HRL	D	-0.04%
TFX	F	-0.04%
KNX	B	-0.04%
FBIN	D	-0.04%
UHAL	D	-0.03%
WBA	F	-0.03%
BEN	C	-0.03%
QRVO	F	-0.03%
BIO	D	-0.03%
BBWI	D	-0.03%
H	B	-0.03%
AZPN	A	-0.03%
WLK	D	-0.02%