CVLC vs. FSST ETF Comparison

Comparison of Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF (CVLC) to Fidelity Sustainability U.S. Equity ETF (FSST)

CVLC

Morgan Stanley ETF Trust Calvert US Large-Cap Core Responsible Index ETF

CVLC Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment.

Grade (RS Rating)

Last Trade

$71.36

Average Daily Volume

17,203

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FSST

Fidelity Sustainability U.S. Equity ETF

FSST Description

FSST mainly invests in US companies that the fund adviser believes to have proven or improving sustainability practices. Evaluation of the companies impact characteristics may involve corporate engagement and its alignment with the United Nations Sustainable Development Goals using qualitative analysis as well as proprietary or third-party data. Their approach to sustainable investing not only considers ESG factors but fundamental ones as well, including financial conditions, industry positions, as well as market and economic conditions. Unlike other ETFs that disclose holdings on a daily basis, FSST publishes its full portfolio holdings monthly with a 30-day lag. A Tracking Basket Structure is in place which acts as a proxy portfolio and may include holdings from recent disclosures, other liquid ETFs as well as cash and cash equivalents in order to track the funds daily performance and facilitate arbitrage opportunities.

Grade (RS Rating)

Last Trade

$27.03

Average Daily Volume

1,194

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CVLC	FSST
30 Days	2.86%	3.06%
60 Days	4.75%	4.30%
90 Days	5.42%	6.00%
12 Months	35.10%	35.03%

6 Overlapping Holdings

Symbol	Grade	Weight in CVLC	Weight in FSST	Overlap
AAPL	C	6.9%	6.87%	6.87%
AMZN	C	3.31%	4.16%	3.31%
GOOGL	D	3.62%	3.5%	3.5%
MSFT	C	6.0%	5.99%	5.99%
NVDA	C	5.55%	5.09%	5.09%
TSLA	C	1.31%	1.03%	1.03%

CVLC Overweight 4 Positions Relative to FSST

Symbol	Grade	Weight
LLY	D	1.73%
AVGO	C	1.59%
JPM	D	1.39%
UNH	C	1.21%

CVLC Underweight 60 Positions Relative to FSST

Symbol	Grade	Weight
PG	C	-2.67%
MCO	C	-2.5%
CI	C	-2.5%
MRK	F	-2.44%
DIS	D	-2.15%
AXP	B	-2.09%
CRM	C	-2.09%
LIN	B	-1.99%
MA	B	-1.94%
ACN	C	-1.93%
BKR	C	-1.81%
ON	D	-1.8%
LOW	B	-1.79%
KBR	D	-1.66%
BLK	B	-1.66%
PLD	C	-1.48%
DHR	B	-1.45%
NEE	B	-1.4%
AYI	B	-1.31%
AVY	C	-1.29%
GILD	B	-1.24%
VLTO	B	-1.21%
ICLR	F	-1.16%
CNC	D	-1.14%
JCI	B	-1.13%
HLT	B	-1.1%
TMHC	B	-1.02%
CCK	B	-0.98%
CMCSA	C	-0.98%
LNG	D	-0.97%
IR	B	-0.94%
DE	A	-0.89%
UPS	D	-0.85%
INTU	D	-0.82%
NFLX	B	-0.82%
RRX	C	-0.8%
TGNA	C	-0.78%
C	C	-0.76%
ZTS	B	-0.73%
MAN	C	-0.69%
SBUX	C	-0.69%
CDW	D	-0.67%
BAC	D	-0.65%
FSLR	C	-0.62%
GNRC	D	-0.58%
NTRS	C	-0.55%
MRNA	F	-0.54%
DFS	C	-0.53%
CWEN	A	-0.52%
VOYA	B	-0.51%
EXAS	D	-0.5%
AMD	C	-0.5%
TKR	C	-0.5%
NXPI	D	-0.49%
APTV	D	-0.48%
EL	D	-0.48%
TRV	C	-0.14%
SFM	B	-0.07%
CVS	D	-0.01%
ACI	F	-0.01%