PAPI vs. FSST ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to Fidelity Sustainability U.S. Equity ETF (FSST)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.48

Average Daily Volume

30,953

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

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

$27.79

Average Daily Volume

1,067

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	FSST
30 Days	0.52%	1.98%
60 Days	2.58%	5.43%
90 Days	3.47%	7.03%
12 Months	16.80%	33.62%

15 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in FSST	Overlap
ACN	B	0.51%	0.51%	0.51%
BKR	B	0.63%	1.76%	0.63%
CI	D	0.5%	2.51%	0.5%
CMCSA	B	0.55%	1.03%	0.55%
DHR	F	0.47%	1.46%	0.47%
ESNT	D	0.47%	0.26%	0.26%
GILD	B	0.56%	1.41%	0.56%
HIG	C	0.51%	0.52%	0.51%
JCI	A	0.59%	1.24%	0.59%
LIN	D	0.49%	2.1%	0.49%
MAN	F	0.45%	0.68%	0.45%
MRK	F	0.47%	1.79%	0.47%
MSFT	C	0.53%	6.22%	0.53%
PG	C	0.51%	2.98%	0.51%
UPS	C	0.5%	0.91%	0.5%

PAPI Overweight 174 Positions Relative to FSST

Symbol	Grade	Weight
GRMN	A	0.66%
SNA	A	0.64%
IP	B	0.63%
IDCC	B	0.63%
DTM	A	0.61%
EMR	A	0.61%
PINC	B	0.61%
IDA	A	0.6%
FOXA	A	0.59%
RHI	B	0.59%
PB	B	0.59%
UNM	A	0.59%
CFR	B	0.59%
EA	A	0.59%
LH	B	0.59%
FOX	A	0.59%
OKE	A	0.59%
CINF	A	0.58%
RS	C	0.58%
CAH	B	0.58%
JHG	A	0.58%
TAP	B	0.58%
WMB	B	0.58%
INGR	B	0.58%
TXRH	A	0.57%
UNH	B	0.57%
SRE	B	0.57%
WSO	B	0.57%
PKG	B	0.57%
MSM	C	0.57%
MO	A	0.57%
DGX	B	0.57%
KMI	B	0.57%
OGE	B	0.56%
TROW	A	0.56%
ADP	A	0.56%
MTN	C	0.56%
TXN	B	0.56%
CTRA	B	0.56%
TRV	B	0.56%
AFG	A	0.56%
CMI	A	0.56%
SYK	A	0.56%
RF	A	0.56%
XEL	A	0.56%
FAST	B	0.56%
AEE	B	0.55%
ATR	A	0.55%
PAYX	B	0.55%
HPE	B	0.55%
HP	C	0.55%
CSCO	A	0.55%
EVRG	A	0.55%
CVX	A	0.55%
EOG	A	0.55%
COST	B	0.55%
GLW	B	0.55%
COR	B	0.55%
DCI	A	0.55%
COP	C	0.55%
CTSH	A	0.55%
LHX	B	0.55%
WHR	B	0.55%
ATO	B	0.54%
GNTX	C	0.54%
PPL	A	0.54%
PAG	B	0.54%
T	A	0.54%
TJX	A	0.54%
GGG	B	0.54%
GD	C	0.54%
BMI	B	0.54%
DRI	B	0.54%
WMT	A	0.54%
PM	B	0.54%
OXM	D	0.53%
HPQ	B	0.53%
CHRD	D	0.53%
POWI	D	0.53%
COLM	B	0.53%
AM	B	0.53%
ROP	A	0.53%
VLO	C	0.53%
CHD	A	0.53%
DOX	C	0.53%
OGS	B	0.53%
ORI	A	0.53%
MDT	D	0.52%
OMC	A	0.52%
NFG	D	0.52%
CALM	B	0.52%
ABT	C	0.52%
PRU	B	0.52%
WEC	B	0.52%
MOS	D	0.52%
NYT	C	0.52%
DLB	D	0.52%
CME	B	0.52%
XOM	B	0.52%
PEG	C	0.51%
LNT	C	0.51%
BDX	F	0.51%
DINO	D	0.51%
DD	D	0.51%
PSX	C	0.51%
ADI	D	0.51%
POR	D	0.51%
CTVA	C	0.51%
FNF	C	0.51%
HRL	F	0.51%
LKQ	C	0.51%
AVT	C	0.51%
EXPD	C	0.51%
SNX	C	0.51%
RTX	D	0.51%
D	D	0.5%
DVN	F	0.5%
PEP	D	0.5%
CCOI	C	0.5%
FE	D	0.5%
AFL	C	0.5%
SO	D	0.5%
APD	B	0.5%
QCOM	F	0.5%
JKHY	C	0.5%
MTG	C	0.5%
PFG	C	0.5%
RGLD	C	0.5%
EMN	D	0.49%
JNJ	D	0.49%
LEA	F	0.49%
FLO	F	0.49%
CHE	D	0.49%
CAG	F	0.49%
DUK	D	0.49%
SON	F	0.49%
KMB	D	0.48%
LYB	F	0.48%
KDP	C	0.48%
AOS	F	0.48%
ED	D	0.48%
IPG	F	0.48%
PPG	F	0.48%
AEP	D	0.48%
BG	D	0.48%
WEN	C	0.48%
VZ	D	0.48%
SHOO	D	0.48%
RPRX	F	0.48%
AMCR	D	0.47%
HAS	D	0.47%
SWKS	F	0.47%
FMC	F	0.47%
KHC	F	0.47%
WU	F	0.47%
BBY	C	0.47%
ABBV	F	0.47%
IBM	D	0.47%
ADM	F	0.46%
ASH	F	0.46%
KO	F	0.46%
LEN	D	0.46%
PFE	F	0.46%
DOW	F	0.45%
INSW	F	0.45%
GPC	D	0.45%
HUN	F	0.44%
ELV	F	0.44%
PII	F	0.42%
CVI	F	0.41%
HII	F	0.41%
CRI	D	0.4%
NEM	F	0.39%
SCCO	F	0.0%

PAPI Underweight 50 Positions Relative to FSST

Symbol	Grade	Weight
AAPL	C	-7.52%
NVDA	A	-6.17%
GOOGL	C	-3.43%
AMZN	A	-3.17%
MCO	C	-2.6%
CRM	B	-2.3%
AXP	B	-2.28%
DIS	B	-2.24%
MA	B	-2.15%
LOW	B	-1.99%
ON	F	-1.66%
KBR	D	-1.61%
NEE	D	-1.57%
PLD	D	-1.53%
AVY	F	-1.32%
HLT	A	-1.24%
TSLA	B	-1.22%
CNC	F	-1.13%
TMHC	B	-1.09%
AYI	A	-1.07%
DE	D	-1.06%
CCK	D	-1.06%
ICLR	F	-1.05%
EL	F	-0.99%
NFLX	A	-0.97%
LNG	B	-0.96%
ZTS	D	-0.84%
RRX	B	-0.83%
PSA	D	-0.82%
TGNA	B	-0.79%
VLTO	D	-0.78%
IR	A	-0.77%
C	B	-0.77%
INTU	A	-0.76%
FSLR	F	-0.73%
CDW	F	-0.73%
SBUX	B	-0.71%
DELL	C	-0.71%
GEN	B	-0.65%
BAC	A	-0.64%
DFS	B	-0.64%
CWEN	D	-0.62%
AMD	F	-0.6%
GNRC	B	-0.59%
PHM	D	-0.55%
NTRS	A	-0.55%
EXAS	F	-0.51%
TKR	F	-0.5%
NXPI	F	-0.47%
MRNA	F	-0.31%