FSST vs. MOAT ETF Comparison

Comparison of Fidelity Sustainability U.S. Equity ETF (FSST) to Market Vectors Wide Moat ETF (MOAT)

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

MOAT

Market Vectors Wide Moat ETF

MOAT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MorningstarÂ® Wide Moat Focus IndexSM (the "Wide Moat Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of securities issued by companies that Morningstar, Inc. ("Morningstar" or the "Wide Moat Index Provider") determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors ("wide moat companies"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$98.73

Average Daily Volume

666,742

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FSST	MOAT
30 Days	4.34%	3.48%
60 Days	4.23%	2.23%
90 Days	6.71%	4.71%
12 Months	33.52%	27.19%

11 Overlapping Holdings

Symbol	Grade	Weight in FSST	Weight in MOAT	Overlap
AMZN	C	3.17%	1.37%	1.37%
CMCSA	C	1.03%	1.3%	1.03%
CRM	B	2.3%	3.14%	2.3%
DIS	B	2.24%	2.69%	2.24%
EL	F	0.99%	1.56%	0.99%
GILD	B	1.41%	2.97%	1.41%
GOOGL	C	3.43%	1.39%	1.39%
MSFT	D	6.22%	1.21%	1.21%
NXPI	D	0.47%	1.16%	0.47%
SBUX	B	0.71%	1.33%	0.71%
UPS	C	0.91%	1.24%	0.91%

FSST Overweight 55 Positions Relative to MOAT

Symbol	Grade	Weight
AAPL	B	7.52%
NVDA	C	6.17%
PG	A	2.98%
MCO	A	2.6%
CI	D	2.51%
AXP	A	2.28%
MA	B	2.15%
LIN	D	2.1%
LOW	C	1.99%
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%
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%
NFLX	B	0.97%
LNG	B	0.96%
ZTS	D	0.84%
RRX	A	0.83%
PSA	C	0.82%
TGNA	B	0.79%
VLTO	C	0.78%
IR	A	0.77%
C	A	0.77%
INTU	C	0.76%
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%
ACN	B	0.51%
TKR	D	0.5%
MRNA	F	0.31%
ESNT	D	0.26%

FSST Underweight 42 Positions Relative to MOAT

Symbol	Grade	Weight
BMY	B	-3.0%
ADSK	B	-2.94%
EMR	A	-2.87%
USB	A	-2.78%
MKTX	D	-2.73%
BIO	D	-2.72%
KVUE	A	-2.69%
TRU	D	-2.69%
MO	A	-2.62%
VEEV	B	-2.57%
ALLE	D	-2.54%
CTVA	B	-2.48%
ZBH	C	-2.37%
ADBE	C	-2.36%
CPB	D	-2.29%
A	D	-2.21%
PFE	D	-2.1%
IFF	D	-2.06%
NKE	F	-2.05%
BA	D	-1.87%
HII	F	-1.82%
FTNT	C	-1.73%
SCHW	A	-1.51%
WDAY	C	-1.44%
CLX	C	-1.44%
WAT	B	-1.4%
IEX	B	-1.39%
APD	A	-1.36%
HON	B	-1.35%
NOC	D	-1.32%
MAS	C	-1.29%
OTIS	C	-1.29%
RTX	D	-1.25%
ROK	B	-1.24%
KEYS	B	-1.23%
EFX	D	-1.2%
LRCX	F	-1.17%
GEHC	F	-1.14%
TMO	F	-1.04%
MCHP	F	-1.02%
TER	F	-0.97%
ETSY	D	-0.91%