FDWM vs. FSST ETF Comparison

Comparison of Fidelity Women's Leadership ETF (FDWM) to Fidelity Sustainability U.S. Equity ETF (FSST)

FDWM

Fidelity Women's Leadership ETF

FDWM Description

The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.57

Average Daily Volume

240

Number of Holdings ^*

101

* 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

$27.93

Average Daily Volume

1,221

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FDWM	FSST
30 Days	1.42%	2.16%
60 Days	2.22%	3.89%
90 Days	4.17%	5.37%
12 Months	24.15%	31.96%

38 Overlapping Holdings

Symbol	Grade	Weight in FDWM	Weight in FSST	Overlap
AAPL	C	4.35%	7.52%	4.35%
ACN	B	2.03%	0.51%	0.51%
AMD	F	1.19%	0.6%	0.6%
AMZN	C	2.56%	3.17%	2.56%
BAC	A	1.11%	0.64%	0.64%
BKR	A	1.04%	1.76%	1.04%
C	A	0.98%	0.77%	0.77%
CDW	F	1.23%	0.73%	0.73%
CI	D	1.69%	2.51%	1.69%
CNC	D	1.13%	1.13%	1.13%
CRM	B	1.62%	2.3%	1.62%
DE	B	0.92%	1.06%	0.92%
DELL	B	0.53%	0.71%	0.53%
DIS	B	1.93%	2.24%	1.93%
EL	F	0.8%	0.99%	0.8%
EXAS	D	0.61%	0.51%	0.51%
FSLR	F	0.98%	0.73%	0.73%
GEN	B	0.93%	0.65%	0.65%
HIG	B	1.04%	0.52%	0.52%
HLT	A	0.78%	1.24%	0.78%
ICLR	D	0.61%	1.05%	0.61%
INTU	B	0.85%	0.76%	0.76%
LOW	C	0.54%	1.99%	0.54%
MA	B	1.09%	2.15%	1.09%
MAN	F	0.47%	0.68%	0.47%
MRK	D	0.68%	1.79%	0.68%
MSFT	D	3.66%	6.22%	3.66%
NEE	C	1.0%	1.57%	1.0%
NFLX	A	0.66%	0.97%	0.66%
NVDA	B	3.24%	6.17%	3.24%
NXPI	D	1.16%	0.47%	0.47%
PSA	C	0.75%	0.82%	0.75%
RRX	B	0.7%	0.83%	0.7%
SBUX	A	0.55%	0.71%	0.55%
TMHC	C	0.92%	1.09%	0.92%
UPS	C	0.77%	0.91%	0.77%
VLTO	C	0.42%	0.78%	0.42%
ZTS	D	0.78%	0.84%	0.78%

FDWM Overweight 63 Positions Relative to FSST

Symbol	Grade	Weight
GOOG	C	2.61%
HOLX	D	1.76%
PGR	A	1.73%
JPM	A	1.5%
ANET	C	1.41%
WSM	C	1.4%
ADBE	C	1.32%
HUBS	A	1.21%
VTR	B	1.16%
PODD	C	1.1%
MRVL	B	1.08%
ALNY	D	1.0%
WEX	D	0.99%
GEV	B	0.96%
NDAQ	A	0.95%
ETN	A	0.94%
LDOS	C	0.94%
ULTA	F	0.94%
MMC	B	0.93%
ELV	F	0.92%
PH	A	0.87%
MU	D	0.87%
CLX	A	0.83%
FIS	C	0.82%
CBT	D	0.78%
NSIT	F	0.76%
FSS	B	0.74%
OTIS	C	0.71%
SAIC	F	0.71%
BALL	F	0.69%
GSK	F	0.67%
AR	B	0.66%
HBAN	A	0.65%
ETSY	D	0.64%
EMN	C	0.62%
BBY	D	0.61%
VRTX	D	0.59%
CE	F	0.57%
OLED	F	0.57%
SUM	B	0.57%
USB	A	0.56%
OXY	D	0.55%
PINS	F	0.55%
EQT	B	0.52%
NVT	B	0.51%
TPR	B	0.51%
ATI	C	0.51%
HSY	F	0.5%
BG	D	0.47%
WRBY	A	0.45%
MTN	C	0.44%
NKE	F	0.37%
RUN	F	0.36%
AMN	F	0.36%
ARCB	C	0.34%
ZLAB	C	0.31%
PD	C	0.29%
ELF	C	0.28%
GAP	C	0.24%
RDUS	B	0.24%
SEDG	F	0.21%
MLKN	F	0.2%
SAGE	F	0.08%

FDWM Underweight 28 Positions Relative to FSST

Symbol	Grade	Weight
GOOGL	C	-3.43%
PG	C	-2.98%
MCO	B	-2.6%
AXP	A	-2.28%
LIN	C	-2.1%
BLK	B	-1.9%
ON	D	-1.66%
KBR	F	-1.61%
PLD	F	-1.53%
DHR	F	-1.46%
GILD	C	-1.41%
AVY	F	-1.32%
JCI	B	-1.24%
TSLA	B	-1.22%
AYI	B	-1.07%
CCK	D	-1.06%
CMCSA	B	-1.03%
LNG	A	-0.96%
TGNA	B	-0.79%
IR	B	-0.77%
DFS	B	-0.64%
CWEN	C	-0.62%
GNRC	C	-0.59%
PHM	D	-0.55%
NTRS	A	-0.55%
TKR	D	-0.5%
MRNA	F	-0.31%
ESNT	F	-0.26%