FSST vs. JPEF ETF Comparison

Comparison of Fidelity Sustainability U.S. Equity ETF (FSST) to JPMorgan Equity Focus ETF (JPEF)

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

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$68.43

Average Daily Volume

91,557

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FSST	JPEF
30 Days	2.99%	3.03%
60 Days	4.26%	4.63%
90 Days	5.87%	6.31%
12 Months	32.59%	36.48%

11 Overlapping Holdings

Symbol	Grade	Weight in FSST	Weight in JPEF	Overlap
AAPL	C	7.52%	3.5%	3.5%
AMZN	C	3.17%	5.88%	3.17%
BAC	A	0.64%	2.51%	0.64%
EL	F	0.99%	0.94%	0.94%
INTU	C	0.76%	2.01%	0.76%
MA	C	2.15%	2.44%	2.15%
MSFT	F	6.22%	6.29%	6.22%
NEE	D	1.57%	2.05%	1.57%
NVDA	C	6.17%	6.36%	6.17%
PG	A	2.98%	2.43%	2.43%
PSA	D	0.82%	2.13%	0.82%

FSST Overweight 55 Positions Relative to JPEF

Symbol	Grade	Weight
GOOGL	C	3.43%
MCO	B	2.6%
CI	F	2.51%
CRM	B	2.3%
AXP	A	2.28%
DIS	B	2.24%
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%
NFLX	A	0.97%
LNG	B	0.96%
UPS	C	0.91%
ZTS	D	0.84%
RRX	B	0.83%
TGNA	B	0.79%
VLTO	D	0.78%
IR	B	0.77%
C	A	0.77%
FSLR	F	0.73%
CDW	F	0.73%
SBUX	A	0.71%
DELL	C	0.71%
MAN	D	0.68%
GEN	B	0.65%
DFS	B	0.64%
CWEN	C	0.62%
AMD	F	0.6%
GNRC	B	0.59%
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%

FSST Underweight 29 Positions Relative to JPEF

Symbol	Grade	Weight
META	D	-4.52%
KMI	A	-3.38%
COF	B	-3.15%
BRK.A	B	-2.96%
EOG	A	-2.87%
AVGO	D	-2.83%
L	A	-2.79%
MTB	A	-2.77%
TT	A	-2.54%
MS	A	-2.3%
MCD	D	-2.26%
PANW	C	-2.15%
UNH	C	-2.15%
HON	B	-2.13%
HD	A	-2.11%
GOOG	C	-2.06%
PWR	A	-1.81%
REG	B	-1.79%
ADI	D	-1.7%
LLY	F	-1.66%
ISRG	A	-1.6%
REGN	F	-1.54%
PKG	A	-1.49%
BKNG	A	-1.43%
MLM	B	-1.37%
TJX	A	-1.21%
TMO	F	-1.21%
JBHT	C	-0.89%
LRCX	F	-0.42%