FSST vs. EMOT ETF Comparison

Comparison of Fidelity Sustainability U.S. Equity ETF (FSST) to First Trust S&P 500 Economic Moat ETF (EMOT)

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

$28.14

Average Daily Volume

1,241

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMOT

First Trust S&P 500 Economic Moat ETF

EMOT Description

Under normal conditions, the fund will invest at least 80% of its net assets in the securities that comprise the index. The index is designed to measure the performance of common stock of companies in the S&P 500® Index which are identified as having sustainable competitive advantages, or "an economic moat," as evidenced by their sustained high gross margins, sustained high return on invested capital and high market share. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$21.58

Average Daily Volume

2,257

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FSST	EMOT
30 Days	4.34%	3.28%
60 Days	4.23%	1.68%
90 Days	6.71%	4.45%
12 Months	33.52%

12 Overlapping Holdings

Symbol	Grade	Weight in FSST	Weight in EMOT	Overlap
AAPL	B	7.52%	2.02%	2.02%
ACN	B	0.51%	2.35%	0.51%
AMZN	C	3.17%	2.05%	2.05%
EL	F	0.99%	1.08%	0.99%
INTU	C	0.76%	2.08%	0.76%
LOW	C	1.99%	2.2%	1.99%
MA	B	2.15%	2.17%	2.15%
MSFT	D	6.22%	1.77%	1.77%
NVDA	C	6.17%	2.19%	2.19%
PG	A	2.98%	1.94%	1.94%
SBUX	B	0.71%	2.33%	0.71%
ZTS	D	0.84%	1.88%	0.84%

FSST Overweight 54 Positions Relative to EMOT

Symbol	Grade	Weight
GOOGL	C	3.43%
MCO	A	2.6%
CI	D	2.51%
CRM	B	2.3%
AXP	A	2.28%
DIS	B	2.24%
LIN	D	2.1%
BLK	C	1.9%
MRK	F	1.79%
BKR	C	1.76%
ON	C	1.66%
KBR	F	1.61%
NEE	D	1.57%
PLD	D	1.53%
DHR	D	1.46%
GILD	B	1.41%
AVY	D	1.32%
HLT	A	1.24%
JCI	C	1.24%
TSLA	B	1.22%
CNC	F	1.13%
TMHC	A	1.09%
AYI	B	1.07%
DE	B	1.06%
CCK	D	1.06%
ICLR	F	1.05%
CMCSA	C	1.03%
NFLX	B	0.97%
LNG	B	0.96%
UPS	C	0.91%
RRX	A	0.83%
PSA	C	0.82%
TGNA	B	0.79%
VLTO	C	0.78%
IR	A	0.77%
C	A	0.77%
FSLR	F	0.73%
CDW	F	0.73%
DELL	C	0.71%
MAN	D	0.68%
GEN	A	0.65%
BAC	A	0.64%
DFS	B	0.64%
CWEN	C	0.62%
AMD	F	0.6%
GNRC	B	0.59%
PHM	C	0.55%
NTRS	A	0.55%
HIG	B	0.52%
EXAS	F	0.51%
TKR	D	0.5%
NXPI	D	0.47%
MRNA	F	0.31%
ESNT	D	0.26%

FSST Underweight 38 Positions Relative to EMOT

Symbol	Grade	Weight
FTNT	C	-2.87%
ORCL	C	-2.56%
WMT	B	-2.47%
TPR	A	-2.43%
PM	B	-2.39%
BKNG	B	-2.38%
CSCO	A	-2.37%
UNH	B	-2.3%
ADP	B	-2.28%
ORLY	B	-2.22%
LMT	D	-2.2%
HD	A	-2.19%
BRK.A	B	-2.16%
SPGI	C	-2.15%
MCD	D	-2.15%
META	D	-2.09%
AVGO	D	-2.05%
ADBE	C	-2.04%
AZO	C	-2.02%
MCK	C	-2.0%
CPRT	A	-1.94%
KMB	C	-1.9%
CL	D	-1.9%
VRSN	F	-1.9%
HPQ	B	-1.9%
KO	D	-1.89%
TXN	D	-1.87%
GOOG	C	-1.86%
CDNS	B	-1.84%
PEP	F	-1.82%
YUM	B	-1.82%
IDXX	F	-1.53%
MTD	F	-1.51%
NKE	F	-1.47%
KLAC	F	-1.4%
QCOM	F	-1.35%
AMAT	F	-1.35%
LRCX	F	-1.26%