FSST vs. NRES ETF Comparison

Comparison of Fidelity Sustainability U.S. Equity ETF (FSST) to Xtrackers RREEF Global Natural Resources ETF (NRES)

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

NRES

Xtrackers RREEF Global Natural Resources ETF

NRES Description

NRES is the first actively managed ETF by DWS. It aims for total return, focusing on the global natural resources sector, encompassing agriculture, energy, and metals industries. The funds strategic approach involves top-down and bottom-up research to allocate its investments, considering factors like supply/demand, ESG criteria, and market interrelations. Insight into commodity-price cycles, sector interdependencies and trends guide its decision-making process amid evolving market condition. This approach enhances the ability of NRES to harness investment prospects. Additionally, the fund may concentrate its investments in non-US issuers and diversify up to 20% of its assets into debt securities, short-term investments, and ETFs for liquidity purposes and enhanced risk management. By leveraging this flexibility, NRES seeks to deliver optimal returns while navigating the complexities of the natural resources space. The funds goal is to position itself to seize investment opportunities for long-term growth and value creation.

Grade (RS Rating)

Last Trade

$26.25

Average Daily Volume

907

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FSST	NRES
30 Days	2.99%	-1.39%
60 Days	4.26%	-1.63%
90 Days	5.87%	-2.99%
12 Months	32.59%

1 Overlapping Holdings

	Symbol	Grade	Weight in FSST	Weight in NRES	Overlap
	AVY	D	1.32%	1.2%	1.2%

FSST Overweight 65 Positions Relative to NRES

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%
NEE	D	1.57%
PLD	D	1.53%
DHR	F	1.46%
GILD	C	1.41%
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%
LNG	B	0.96%
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%
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 25 Positions Relative to NRES

Symbol	Grade	Weight
XOM	B	-7.64%
CTVA	C	-4.04%
SW	A	-3.7%
CVX	A	-3.17%
FCX	D	-2.88%
GOLD	D	-2.72%
VALE	F	-2.72%
COP	C	-1.79%
CLF	F	-1.75%
WY	D	-1.67%
CTRA	B	-1.32%
FANG	D	-1.25%
BG	F	-1.18%
MOS	F	-1.16%
GPK	C	-1.12%
ADM	D	-0.88%
SEE	C	-0.86%
VLO	C	-0.76%
NEM	D	-0.75%
SUZ	C	-0.7%
SLGN	A	-0.61%
NUE	C	-0.53%
INGR	B	-0.46%
DAR	C	-0.45%
FMC	D	-0.44%