ECLN vs. FSST ETF Comparison

Comparison of First Trust EIP Carbon Impact ETF (ECLN) to Fidelity Sustainability U.S. Equity ETF (FSST)

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.91

Average Daily Volume

6,963

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

$27.94

Average Daily Volume

1,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ECLN	FSST
30 Days	5.02%	2.99%
60 Days	6.04%	4.26%
90 Days	11.17%	5.87%
12 Months	32.70%	32.59%

4 Overlapping Holdings

Symbol	Grade	Weight in ECLN	Weight in FSST	Overlap
CWEN	C	2.78%	0.62%	0.62%
GNRC	B	0.55%	0.59%	0.55%
LNG	B	1.1%	0.96%	0.96%
NEE	D	0.45%	1.57%	0.45%

ECLN Overweight 37 Positions Relative to FSST

Symbol	Grade	Weight
AEP	D	5.39%
DTM	B	4.65%
D	C	3.71%
XEL	A	3.71%
PPL	B	3.53%
SRE	A	3.46%
DTE	C	3.39%
DUK	C	3.37%
VST	B	3.13%
PEG	A	3.13%
CQP	B	2.95%
NFG	A	2.92%
ETR	B	2.83%
AEE	A	2.74%
EVRG	A	2.49%
AES	F	2.31%
TRGP	B	2.29%
WMB	A	2.16%
OGS	A	2.04%
ATO	A	2.03%
WEC	A	1.99%
PWR	A	1.96%
FLR	B	1.9%
IDA	A	1.79%
J	F	1.76%
CMS	C	1.56%
LNT	A	1.51%
SO	D	0.93%
CEG	D	0.93%
OGE	B	0.64%
WTRG	B	0.62%
NEP	F	0.59%
CPK	A	0.46%
CNP	B	0.43%
AWK	D	0.35%
EIX	B	0.18%
NJR	A	0.18%

ECLN Underweight 62 Positions Relative to FSST

Symbol	Grade	Weight
AAPL	C	-7.52%
MSFT	F	-6.22%
NVDA	C	-6.17%
GOOGL	C	-3.43%
AMZN	C	-3.17%
PG	A	-2.98%
MCO	B	-2.6%
CI	F	-2.51%
CRM	B	-2.3%
AXP	A	-2.28%
DIS	B	-2.24%
MA	C	-2.15%
LIN	D	-2.1%
LOW	D	-1.99%
BLK	C	-1.9%
MRK	F	-1.79%
BKR	B	-1.76%
ON	D	-1.66%
KBR	F	-1.61%
PLD	D	-1.53%
DHR	F	-1.46%
GILD	C	-1.41%
AVY	D	-1.32%
HLT	A	-1.24%
JCI	C	-1.24%
TSLA	B	-1.22%
CNC	D	-1.13%
TMHC	B	-1.09%
AYI	B	-1.07%
DE	A	-1.06%
CCK	C	-1.06%
ICLR	D	-1.05%
CMCSA	B	-1.03%
EL	F	-0.99%
NFLX	A	-0.97%
UPS	C	-0.91%
ZTS	D	-0.84%
RRX	B	-0.83%
PSA	D	-0.82%
TGNA	B	-0.79%
VLTO	D	-0.78%
IR	B	-0.77%
C	A	-0.77%
INTU	C	-0.76%
FSLR	F	-0.73%
CDW	F	-0.73%
SBUX	A	-0.71%
DELL	C	-0.71%
MAN	D	-0.68%
GEN	B	-0.65%
BAC	A	-0.64%
DFS	B	-0.64%
AMD	F	-0.6%
PHM	D	-0.55%
NTRS	A	-0.55%
HIG	B	-0.52%
EXAS	D	-0.51%
ACN	C	-0.51%
TKR	D	-0.5%
NXPI	D	-0.47%
MRNA	F	-0.31%
ESNT	D	-0.26%