MMLG vs. FFLC ETF Comparison

Comparison of First Trust Multi-Manager Large Growth ETF (MMLG) to Fidelity Fundamental Large Cap Core ETF (FFLC)

MMLG

First Trust Multi-Manager Large Growth ETF

MMLG Description

The investment seeks to provide long-term capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.41

Average Daily Volume

19,006

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$45.66

Average Daily Volume

95,011

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	MMLG	FFLC
30 Days	2.18%	2.06%
60 Days	7.48%	5.28%
90 Days	-0.31%	4.53%
12 Months	39.52%	41.66%

32 Overlapping Holdings

Symbol	Grade	Weight in MMLG	Weight in FFLC	Overlap
AAPL	B	4.52%	4.51%	4.51%
ABNB	D	0.33%	0.5%	0.33%
ACGL	C	0.42%	0.24%	0.24%
ADBE	F	0.64%	1.41%	0.64%
AMZN	C	6.51%	3.26%	3.26%
ASML	F	1.99%	0.25%	0.25%
BSX	B	0.41%	1.23%	0.41%
CB	B	0.38%	0.97%	0.38%
CMG	D	0.77%	0.42%	0.42%
CRM	C	0.68%	0.98%	0.68%
EL	D	0.5%	0.27%	0.27%
FND	C	0.92%	0.24%	0.24%
GOOGL	D	2.81%	2.4%	2.4%
INTU	D	0.57%	0.92%	0.57%
IR	B	0.42%	0.73%	0.42%
LLY	D	1.89%	1.93%	1.89%
META	B	4.86%	2.57%	2.57%
MRK	F	0.95%	0.26%	0.26%
MSFT	C	8.07%	7.7%	7.7%
NFLX	B	2.32%	1.06%	1.06%
NKE	D	0.43%	0.92%	0.43%
NVDA	C	9.52%	3.39%	3.39%
SHOP	C	2.2%	0.69%	0.69%
SPOT	C	1.18%	0.4%	0.4%
STZ	C	0.43%	0.2%	0.2%
TJX	C	0.62%	1.2%	0.62%
TMO	B	0.44%	1.03%	0.44%
UBER	C	1.53%	1.04%	1.04%
UNH	B	0.73%	1.72%	0.73%
V	C	1.04%	1.63%	1.04%
VST	B	0.25%	0.65%	0.25%
WDAY	D	0.42%	0.44%	0.42%

MMLG Overweight 43 Positions Relative to FFLC

Symbol	Grade	Weight
NOW	C	4.03%
AVGO	C	2.17%
DDOG	D	1.9%
SE	B	1.83%
NU	C	1.79%
TEAM	F	1.52%
MA	B	1.45%
SQ	D	1.43%
IOT	C	1.41%
ENTG	D	1.37%
DXCM	F	1.25%
RARE	C	1.19%
EW	F	1.14%
OKTA	F	1.11%
DASH	B	1.1%
ICE	B	1.07%
LRCX	D	0.77%
KLAC	D	0.74%
RBLX	C	0.73%
APH	C	0.67%
ACN	C	0.64%
ORLY	B	0.63%
MSI	A	0.62%
SNOW	F	0.61%
TXN	B	0.6%
SHW	B	0.56%
GOOG	D	0.54%
NET	D	0.5%
CDW	D	0.48%
RSG	D	0.48%
DE	A	0.48%
AXP	A	0.46%
LYV	A	0.44%
TSLA	B	0.4%
RTX	B	0.37%
CDNS	D	0.35%
MNST	D	0.34%
KKR	C	0.34%
EQIX	B	0.33%
ABT	C	0.31%
ROP	C	0.31%
VEEV	D	0.29%
FANG	F	0.18%

MMLG Underweight 101 Positions Relative to FFLC

Symbol	Grade	Weight
XOM	B	-1.49%
BA	F	-1.31%
AMD	C	-1.27%
CMCSA	C	-1.16%
WFC	D	-1.08%
ETN	B	-1.05%
PH	B	-1.02%
JPM	D	-0.98%
PWR	B	-0.92%
GE	B	-0.9%
BAC	C	-0.9%
KVUE	B	-0.88%
DHR	B	-0.82%
SO	A	-0.82%
LIN	B	-0.81%
ORCL	B	-0.79%
REGN	D	-0.76%
FCX	C	-0.75%
CAT	B	-0.75%
KO	B	-0.73%
APTV	D	-0.71%
BKR	C	-0.7%
ON	D	-0.69%
LMT	A	-0.68%
NXPI	F	-0.68%
SYK	C	-0.67%
HWM	A	-0.67%
JBL	D	-0.67%
GNRC	D	-0.66%
CEG	C	-0.66%
KDP	B	-0.63%
BKNG	B	-0.61%
MS	B	-0.6%
NOC	B	-0.6%
SLB	F	-0.6%
BJ	D	-0.58%
TSM	C	-0.58%
DIS	D	-0.57%
PFGC	B	-0.57%
ADI	C	-0.55%
MMC	D	-0.53%
CI	D	-0.52%
FLEX	B	-0.52%
LNG	D	-0.51%
CNC	D	-0.51%
RL	B	-0.51%
WMT	B	-0.49%
CE	D	-0.49%
HLT	B	-0.49%
MLM	D	-0.48%
CLX	C	-0.47%
AZN	D	-0.47%
VRT	C	-0.46%
NVR	A	-0.45%
BWXT	B	-0.45%
SNPS	F	-0.44%
CSCO	A	-0.44%
DT	C	-0.43%
KBR	D	-0.42%
ESI	C	-0.42%
ARES	C	-0.41%
FCN	C	-0.41%
ITT	B	-0.39%
LEN	B	-0.39%
CBRE	A	-0.39%
BLDR	C	-0.39%
FOUR	C	-0.39%
AVY	C	-0.38%
EDR	A	-0.37%
URI	B	-0.37%
GS	B	-0.33%
WSC	D	-0.32%
HLI	C	-0.32%
TRNO	D	-0.32%
HES	D	-0.32%
FTI	D	-0.29%
GILD	B	-0.29%
HOLX	B	-0.28%
MDB	D	-0.27%
CHDN	D	-0.27%
SAM	D	-0.27%
GLPI	B	-0.26%
TT	A	-0.26%
NVO	F	-0.25%
FSLR	C	-0.25%
AR	C	-0.24%
TER	C	-0.22%
WST	D	-0.22%
DKS	D	-0.21%
WNS	F	-0.19%
ESS	C	-0.18%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	B	-0.16%
MU	D	-0.14%
MASI	C	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	D	-0.04%