# Portfolio overlap — PY vs FVAL

Comparing **Principal Value ETF** (2026-03-31) and **Fidelity Value Factor ETF** (2026-01-31).

- Shared positions: 45
- Principal Value ETF covered by Fidelity Value Factor ETF: 0.3494806453022811591520770687
- Fidelity Value Factor ETF covered by Principal Value ETF: 0.3494806453022811591520770688

## Principal Value ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| APPLE INC | 0.076237 | ✓ |
| EXXON MOBIL CORP | 0.029258 | ✓ |
| AMAZON.COM INC | 0.027841 | ✓ |
| WALMART INC | 0.027743 |  |
| PROCTER & GAMBLE | 0.019543 | ✓ |
| BANK OF AMERICA CORPORATION | 0.018952 | ✓ |
| MERCK & CO | 0.018925 | ✓ |
| JOHNSON&JOHNSON | 0.016652 | ✓ |
| UNITEDHEALTH GRP | 0.016235 | ✓ |
| VERIZON COMMUNICATIONS INC | 0.015287 | ✓ |
| PEPSICO INC | 0.015246 | ✓ |
| AT&T INC | 0.015194 | ✓ |
| NEXTERA ENERGY INC | 0.014147 | ✓ |
| SALESFORCE INC | 0.013485 | ✓ |
| CISCO SYSTEMS INC | 0.012828 |  |
| QUALCOMM INC | 0.012295 | ✓ |
| BRISTOL-MYERS SQUIBB CO | 0.012216 | ✓ |
| MASTERCARD INC CL A | 0.012041 |  |
| CHUBB LTD | 0.011940 |  |
| ALTRIA GROUP INC | 0.011641 | ✓ |
| CAPITAL ONE FINANCIAL CORP | 0.011607 | ✓ |
| ACCENTURE PLC CL A | 0.011524 | ✓ |
| LOCKHEED MARTIN CORP | 0.011366 | ✓ |
| SLB LTD | 0.011178 |  |
| MCKESSON CORP | 0.011080 |  |
| COMCAST CORP CL A | 0.010651 | ✓ |
| TJX COS INC | 0.010576 |  |
| APA CORP | 0.010443 | ✓ |
| FEDEX CORP | 0.010394 | ✓ |
| NORTHROP GRUMMAN CORP | 0.010226 |  |
| ADOBE INC | 0.010207 | ✓ |
| THE CIGNA GROUP | 0.010070 |  |
| AUTOMATIC DATA PROCESSING INC | 0.009856 | ✓ |
| CORTEVA INC | 0.009790 |  |
| KEYSIGHT TECHNOLOGIES INC | 0.009678 |  |
| ILLINOIS TOOL WORKS INC | 0.009669 |  |
| TRAVELERS COS IN | 0.009578 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.009546 |  |
| ARCHER DANIELS MIDLAND CO | 0.009495 |  |
| ALLSTATE CORPORATION | 0.009424 |  |
| STATE STREET CORP | 0.009264 |  |
| CARDINAL HEALTH INC | 0.009222 |  |
| PARKER HANNIFIN CORP | 0.009211 |  |
| AMETEK INC NEW | 0.009173 |  |
| ROSS STORES INC | 0.009133 |  |
| FIFTH THIRD BANCORP | 0.009022 |  |
| BANK OF NEW YORK MELLON CORP | 0.008953 |  |
| FORD MOTOR CO | 0.008900 | ✓ |
| BAKER HUGHES CO | 0.008899 |  |
| EDISON INTL | 0.008804 | ✓ |

## 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 `0001410368-26-043486` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1572661/000141036826043486/0001410368-26-043486-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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