# Portfolio overlap — FLRG vs FVAL

Comparing **Fidelity U.S. Multifactor ETF** (2026-01-31) and **Fidelity Value Factor ETF** (2026-01-31).

- Shared positions: 46
- Fidelity U.S. Multifactor ETF covered by Fidelity Value Factor ETF: 0.4512699595138378910487309390
- Fidelity Value Factor ETF covered by Fidelity U.S. Multifactor ETF: 0.4512699595138378910487309390

## Fidelity U.S. Multifactor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.074367 | ✓ |
| APPLE INC | 0.062553 | ✓ |
| ALPHABET INC CL A | 0.057057 | ✓ |
| MICROSOFT CORP | 0.050818 | ✓ |
| BROADCOM INC | 0.026498 |  |
| META PLATFORMS INC CL A | 0.025332 | ✓ |
| NEWMONT CORP | 0.018837 | ✓ |
| JOHNSON&JOHNSON | 0.018612 | ✓ |
| VISA INC-CLASS A | 0.015459 | ✓ |
| ABBVIE INC | 0.014789 | ✓ |
| LOCKHEED MARTIN CORP | 0.014490 | ✓ |
| HOME DEPOT INC | 0.014064 | ✓ |
| MASTERCARD INC CL A | 0.013968 |  |
| Fidelity Cash Central Fund | 0.013583 | ✓ |
| MUELLER INDUSTRIES INC | 0.013513 |  |
| UNITED THERAPEUTICS CORP DEL | 0.012830 |  |
| PROCTER & GAMBLE | 0.012301 | ✓ |
| MCDONALDS CORP | 0.012098 | ✓ |
| GILEAD SCIENCES INC | 0.011971 |  |
| PHILIP MORRIS INTL INC | 0.011705 |  |
| DT MIDSTREAM INC | 0.011389 |  |
| PACCAR INC | 0.011254 | ✓ |
| COTERRA ENERGY INC | 0.011033 | ✓ |
| BRISTOL-MYERS SQUIBB CO | 0.010953 | ✓ |
| NATL FUEL GAS CO | 0.010244 |  |
| ALLISON TRANSMISSION HLDGS INC | 0.010115 |  |
| EMCOR GROUP INC | 0.009929 |  |
| THE BOOKING HOLDINGS INC | 0.009911 | ✓ |
| SNAP-ON INCORPORATED | 0.009721 |  |
| CF INDUSTRIES HOLDINGS INC | 0.009598 | ✓ |
| CAPITAL ONE FINANCIAL CORP | 0.009528 | ✓ |
| O'REILLY AUTOMOTIVE INC | 0.009497 |  |
| ANTERO MIDSTREAM CORP | 0.009468 |  |
| CME GROUP INC CL A | 0.009303 |  |
| WILLIAMS-SONOMA INC | 0.009260 |  |
| TRAVELERS COS IN | 0.009164 | ✓ |
| AUTOZONE INC | 0.008950 |  |
| INTERACTIVE BROKERS GROUP INC | 0.008930 |  |
| HARTFORD INSURANCE GROUP INC/THE | 0.008746 |  |
| VISTRA CORP | 0.008692 |  |
| GRAND CANYON EDUCATION INC | 0.008557 |  |
| EXELIXIS INC | 0.008527 |  |
| COLGATE-PALMOLIVE CO | 0.008499 | ✓ |
| ESSENT GROUP LTD | 0.008479 | ✓ |
| ROYALTY PHARMA PLC | 0.008476 |  |
| MOLINA HEALTHCARE INC | 0.008445 |  |
| GENPACT LTD | 0.008444 | ✓ |
| ALTRIA GROUP INC | 0.008413 | ✓ |
| FRONTDOOR INC | 0.008370 |  |
| PROGRESSIVE CORP OHIO | 0.008244 |  |

## Fidelity Value Factor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.071059 | ✓ |
| APPLE INC | 0.061748 | ✓ |
| ALPHABET INC CL A | 0.051148 | ✓ |
| MICROSOFT CORP | 0.047280 | ✓ |
| Fidelity Cash Central Fund | 0.042353 | ✓ |
| MICRON TECHNOLOGY INC | 0.034834 |  |
| AMAZON.COM INC | 0.034744 |  |
| META PLATFORMS INC CL A | 0.024608 | ✓ |
| TESLA INC | 0.020830 |  |
| BERKSHIRE HATH-B | 0.017956 |  |
| LILLY ELI and CO | 0.017840 |  |
| JOHNSON&JOHNSON | 0.014014 | ✓ |
| VISA INC-CLASS A | 0.012771 | ✓ |
| EXXON MOBIL CORP | 0.010983 |  |
| ABBVIE INC | 0.010969 | ✓ |
| BANK OF AMERICA CORPORATION | 0.010502 |  |
| GOLDMAN SACHS GROUP INC | 0.010345 |  |
| MERCK & CO | 0.010305 |  |
| QUALCOMM INC | 0.010156 | ✓ |
| ACCENTURE PLC CL A | 0.009825 | ✓ |
| ZOOM VIDEO COMMUNICATIONS INC CL A | 0.009732 | ✓ |
| CATERPILLAR INC | 0.009276 |  |
| SALESFORCE INC | 0.009244 | ✓ |
| COGNIZANT TECH SOLUTIONS CL A | 0.009134 | ✓ |
| CITIGROUP INC | 0.008934 |  |
| UNITEDHEALTH GRP | 0.008857 |  |
| AMERICAN EXPRESS CO | 0.008853 |  |
| AVNET INC | 0.008621 | ✓ |
| COSTCO WHOLESALE CORP | 0.008615 |  |
| GENERAL ELECTRIC CO | 0.008380 |  |
| ARROW ELECTRONICS INC | 0.008374 | ✓ |
| HOME DEPOT INC | 0.008213 | ✓ |
| ADOBE INC | 0.008176 | ✓ |
| RTX CORP | 0.008089 |  |
| PROCTER & GAMBLE | 0.007868 | ✓ |
| CENTENE CORP | 0.007758 |  |
| CAPITAL ONE FINANCIAL CORP | 0.007246 | ✓ |
| BRISTOL-MYERS SQUIBB CO | 0.007185 | ✓ |
| REGENERON PHARMACEUTICALS INC | 0.007141 |  |
| PFIZER INC | 0.007127 |  |
| CHEVRON CORP | 0.006984 |  |
| LOCKHEED MARTIN CORP | 0.006884 | ✓ |
| ELEVANCE HEALTH INC | 0.006498 |  |
| HP INC | 0.006309 |  |
| TRAVELERS COS IN | 0.006302 | ✓ |
| CUMMINS INC | 0.006196 |  |
| MCDONALDS CORP | 0.006183 | ✓ |
| SKYWORKS SOLUTIONS INC | 0.006158 |  |
| ANNALY CAPITAL MGMT INC REIT | 0.006141 |  |
| PRUDENTL FINL | 0.005966 |  |


## Sources

- N-PORT (fund A) — accession `0000035402-26-002114` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226002114/0000035402-26-002114-index.htm>
- N-PORT (fund B) — accession `0000035402-26-002115` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226002115/0000035402-26-002115-index.htm>

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_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

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