FSST vs. PJFM ETF Comparison

Comparison of Fidelity Sustainability U.S. Equity ETF (FSST) to PGIM Jennison Focused Mid-Cap ETF (PJFM)

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

$27.81

Average Daily Volume

1,221

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PJFM

PGIM Jennison Focused Mid-Cap ETF

PJFM Description

Under normal circumstances, the fund invests at least 80% of the fund's investable assets in equity and equity-related securities of medium-sized companies. The subadviser uses a combination of fundamental research and systematic portfolio construction. The fund's managers consider medium-sized companies to be those with market capitalizations that are within the market capitalization range of the Russell Midcap Index.

Grade (RS Rating)

Last Trade

$61.72

Average Daily Volume

202

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FSST	PJFM
30 Days	2.16%	4.05%
60 Days	3.89%	8.25%
90 Days	5.37%	11.66%
12 Months	31.96%

6 Overlapping Holdings

Symbol	Grade	Weight in FSST	Weight in PJFM	Overlap
CCK	D	1.06%	3.29%	1.06%
ESNT	F	0.26%	1.5%	0.26%
GNRC	C	0.59%	2.4%	0.59%
HLT	A	1.24%	2.97%	1.24%
KBR	F	1.61%	1.58%	1.58%
LNG	A	0.96%	2.98%	0.96%

FSST Overweight 60 Positions Relative to PJFM

Symbol	Grade	Weight
AAPL	C	7.52%
MSFT	D	6.22%
NVDA	B	6.17%
GOOGL	C	3.43%
AMZN	C	3.17%
PG	C	2.98%
MCO	B	2.6%
CI	D	2.51%
CRM	B	2.3%
AXP	A	2.28%
DIS	B	2.24%
MA	B	2.15%
LIN	C	2.1%
LOW	C	1.99%
BLK	B	1.9%
MRK	D	1.79%
BKR	A	1.76%
ON	D	1.66%
NEE	C	1.57%
PLD	F	1.53%
DHR	F	1.46%
GILD	C	1.41%
AVY	F	1.32%
JCI	B	1.24%
TSLA	B	1.22%
CNC	D	1.13%
TMHC	C	1.09%
AYI	B	1.07%
DE	B	1.06%
ICLR	D	1.05%
CMCSA	B	1.03%
EL	F	0.99%
NFLX	A	0.97%
UPS	C	0.91%
ZTS	D	0.84%
RRX	B	0.83%
PSA	C	0.82%
TGNA	B	0.79%
VLTO	C	0.78%
IR	B	0.77%
C	A	0.77%
INTU	B	0.76%
FSLR	F	0.73%
CDW	F	0.73%
SBUX	A	0.71%
DELL	B	0.71%
MAN	F	0.68%
GEN	B	0.65%
BAC	A	0.64%
DFS	B	0.64%
CWEN	C	0.62%
AMD	F	0.6%
PHM	D	0.55%
NTRS	A	0.55%
HIG	B	0.52%
EXAS	D	0.51%
ACN	B	0.51%
TKR	D	0.5%
NXPI	D	0.47%
MRNA	F	0.31%

FSST Underweight 36 Positions Relative to PJFM

Symbol	Grade	Weight
GLPI	C	-4.67%
FOUR	A	-4.26%
NI	A	-4.19%
TRGP	A	-4.07%
CHDN	B	-3.75%
MKL	A	-3.68%
WTFC	A	-3.29%
EWBC	A	-3.03%
BURL	B	-2.96%
GTES	A	-2.78%
RL	C	-2.74%
KEX	B	-2.65%
PR	B	-2.54%
LHX	C	-2.45%
AXS	A	-2.44%
ALSN	B	-2.17%
VRT	B	-2.02%
CYBR	A	-1.95%
IRT	A	-1.89%
LFUS	D	-1.87%
NTRA	A	-1.87%
CMS	C	-1.85%
RNR	C	-1.81%
CBRE	B	-1.79%
PFGC	B	-1.57%
NBIX	C	-1.53%
LPLA	A	-1.42%
MNDY	C	-1.34%
RYAN	A	-1.12%
PINS	F	-1.05%
ENTG	D	-1.03%
COHR	B	-0.97%
OLED	F	-0.89%
EHC	B	-0.88%
HEI	A	-0.56%
PCVX	D	-0.55%