PY vs. FQAL ETF Comparison

Comparison of Principal Shareholder Yield Index ETF (PY) to Fidelity Quality Factor ETF (FQAL)

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

$51.93

Average Daily Volume

5,520

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	PY	FQAL
30 Days	4.03%	2.60%
60 Days	5.45%	4.35%
90 Days	7.68%	5.86%
12 Months	30.80%	30.56%

30 Overlapping Holdings

Symbol	Grade	Weight in PY	Weight in FQAL	Overlap
AAPL	C	3.82%	6.62%	3.82%
ACN	C	1.18%	1.05%	1.05%
ADP	B	1.01%	0.64%	0.64%
AMP	A	0.99%	0.92%	0.92%
AVB	B	0.75%	0.19%	0.19%
AVGO	D	2.35%	2.0%	2.0%
BMY	B	1.05%	1.02%	1.02%
CAT	B	1.18%	0.77%	0.77%
CF	B	0.77%	0.17%	0.17%
CSX	B	0.86%	0.49%	0.49%
CVX	A	1.35%	0.68%	0.68%
ESS	B	0.72%	0.16%	0.16%
HD	A	1.58%	1.5%	1.5%
HSY	F	0.66%	0.25%	0.25%
ITW	B	0.9%	0.54%	0.54%
KMB	D	0.69%	0.31%	0.31%
LMT	D	0.88%	0.56%	0.56%
LOW	D	1.06%	1.02%	1.02%
MDLZ	F	0.77%	0.38%	0.38%
MO	A	0.89%	0.44%	0.44%
MSFT	F	3.5%	6.3%	3.5%
NVDA	C	3.38%	7.24%	3.38%
OTIS	C	0.82%	0.45%	0.45%
PAYX	C	0.85%	0.49%	0.49%
PLD	D	0.82%	0.3%	0.3%
QCOM	F	1.07%	0.91%	0.91%
SBAC	D	0.66%	0.16%	0.16%
SPG	B	0.85%	0.25%	0.25%
VICI	C	0.7%	0.18%	0.18%
XOM	B	1.82%	1.16%	1.16%

PY Overweight 75 Positions Relative to FQAL

Symbol	Grade	Weight
WFC	A	1.43%
MS	A	1.26%
AXP	A	1.13%
CMCSA	B	1.09%
DFS	B	1.0%
TT	A	1.0%
RTX	C	1.0%
TJX	A	0.98%
TRGP	B	0.97%
SYF	B	0.97%
PNC	B	0.96%
EQT	B	0.94%
BKR	B	0.94%
SNA	A	0.93%
DE	A	0.91%
BK	A	0.91%
CB	C	0.91%
HPE	B	0.88%
STLD	B	0.88%
MMC	B	0.88%
PNR	A	0.87%
TRV	B	0.86%
SLB	C	0.85%
RF	A	0.85%
FITB	A	0.85%
MET	A	0.85%
PRU	A	0.84%
RL	B	0.84%
KR	B	0.84%
FOXA	B	0.83%
FDX	B	0.83%
NKE	D	0.82%
ROK	B	0.82%
CI	F	0.81%
AIG	B	0.81%
VLO	C	0.8%
NDAQ	A	0.8%
CTSH	B	0.8%
HPQ	B	0.79%
CINF	A	0.79%
BR	A	0.79%
PSX	C	0.79%
WTW	B	0.79%
AIZ	A	0.78%
DD	D	0.78%
TAP	C	0.78%
CVS	D	0.78%
EBAY	D	0.77%
BEN	C	0.77%
MRO	B	0.76%
DRI	B	0.76%
HAL	C	0.76%
FANG	D	0.75%
BBWI	D	0.75%
MPC	D	0.75%
HIG	B	0.75%
NDSN	B	0.74%
PPG	F	0.73%
ALLE	D	0.73%
SYY	B	0.72%
EMN	D	0.72%
OXY	D	0.72%
MAA	B	0.7%
CPT	B	0.69%
EG	C	0.68%
INVH	D	0.67%
GPC	D	0.66%
AOS	F	0.66%
ARE	D	0.66%
HRL	D	0.65%
MKC	D	0.65%
ADM	D	0.65%
GIS	D	0.65%
LYB	F	0.64%
SWKS	F	0.6%

PY Underweight 94 Positions Relative to FQAL

Symbol	Grade	Weight
GOOGL	C	-3.69%
META	D	-2.51%
LLY	F	-1.72%
V	A	-1.61%
MA	C	-1.48%
JNJ	D	-1.35%
BKNG	A	-1.21%
ABBV	D	-1.14%
MCD	D	-1.11%
BX	A	-1.05%
COST	B	-1.01%
PGR	A	-1.0%
GILD	C	-1.0%
PG	A	-0.98%
ADBE	C	-0.97%
NFLX	A	-0.97%
FICO	B	-0.96%
PANW	C	-0.96%
SPGI	C	-0.92%
VRTX	F	-0.86%
GRMN	B	-0.86%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
LRCX	F	-0.67%
IDXX	F	-0.67%
KO	D	-0.66%
KNSL	B	-0.65%
QLYS	C	-0.64%
KLAC	D	-0.64%
WSM	B	-0.63%
PM	B	-0.63%
UNP	C	-0.61%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
VZ	C	-0.56%
CTAS	B	-0.55%
GWW	B	-0.55%
FAST	B	-0.53%
AME	A	-0.52%
LIN	D	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
ODFL	B	-0.45%
VST	B	-0.43%
COP	C	-0.41%
TTD	B	-0.41%
CL	D	-0.36%
SO	D	-0.36%
CEG	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
MNST	C	-0.31%
TPL	A	-0.31%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
FCX	D	-0.24%
ECL	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
EXP	A	-0.16%
RGLD	C	-0.15%
AVY	D	-0.15%
GLPI	C	-0.14%