WOMN vs. FSST ETF Comparison

Comparison of Impact Shares YWCA Womenas Empowerment ETF (WOMN) to Fidelity Sustainability U.S. Equity ETF (FSST)

WOMN

Impact Shares YWCA Womenas Empowerment ETF

WOMN Description

The investment seeks investment results that, before fees and expenses, track the performance of the Morningstar® Women's Empowerment Index (the "underlying index"). The fund will, under normal circumstances, invest at least 80% of its total assets plus any borrowings for investment purposes (the "80% basket") in component securities of the underlying index. The underlying index is designed to measure the performance of U.S. large and mid- capitalization companies that are "empowering to women," and to exhibit risk and return characteristics similar to those of the Morningstar US Large-Mid Cap ® Index (the "parent index"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.15

Average Daily Volume

3,817

Number of Holdings ^*

198

* 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

$26.90

Average Daily Volume

1,250

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WOMN	FSST
30 Days	1.89%	0.91%
60 Days	4.76%	2.28%
90 Days	6.61%	3.33%
12 Months	24.72%	27.81%

24 Overlapping Holdings

Symbol	Grade	Weight in WOMN	Weight in FSST	Overlap
AAPL	D	5.02%	6.87%	5.02%
ACN	C	1.9%	1.93%	1.9%
AMZN	C	4.47%	4.16%	4.16%
AXP	B	0.7%	2.09%	0.7%
BAC	D	1.25%	0.65%	0.65%
BKR	D	0.17%	1.81%	0.17%
BLK	A	0.6%	1.66%	0.6%
C	D	0.56%	0.76%	0.56%
CI	C	0.5%	2.5%	0.5%
CRM	D	2.27%	2.09%	2.09%
EL	F	0.11%	0.48%	0.11%
GILD	B	0.46%	1.24%	0.46%
INTU	D	1.56%	0.82%	0.82%
IR	C	0.16%	0.94%	0.16%
JCI	B	0.22%	1.13%	0.22%
MA	B	1.77%	1.94%	1.77%
MCO	A	0.33%	2.5%	0.33%
MRK	D	1.3%	2.44%	1.3%
MSFT	C	2.49%	5.99%	2.49%
NFLX	B	0.72%	0.82%	0.72%
NTRS	B	0.08%	0.55%	0.08%
PG	C	1.82%	2.67%	1.82%
SBUX	C	1.03%	0.69%	0.69%
UPS	D	0.43%	0.85%	0.43%

WOMN Overweight 174 Positions Relative to FSST

Symbol	Grade	Weight
META	A	4.85%
LLY	C	3.49%
XOM	D	2.53%
UNH	C	2.47%
ADBE	D	2.23%
MCD	C	2.04%
V	B	1.94%
CSCO	B	1.92%
JNJ	B	1.82%
IBM	B	1.64%
ABBV	C	1.55%
NOW	A	1.42%
CVX	D	1.31%
KO	B	1.25%
UBER	C	1.22%
PEP	C	1.17%
WFC	D	0.95%
GE	B	0.88%
AMGN	B	0.82%
VZ	B	0.82%
INTC	F	0.81%
WMT	B	0.73%
UNP	B	0.71%
SPGI	B	0.7%
PGR	A	0.67%
COP	D	0.65%
MSI	C	0.63%
MS	D	0.6%
ELV	C	0.59%
ETN	C	0.59%
REGN	C	0.55%
VRTX	D	0.54%
WDAY	D	0.51%
ADP	B	0.5%
GM	B	0.49%
AMT	C	0.49%
MDLZ	B	0.47%
F	D	0.46%
ADSK	B	0.45%
TEL	D	0.43%
BMY	C	0.43%
TT	B	0.39%
EQIX	B	0.39%
CL	C	0.39%
WM	D	0.37%
TGT	C	0.36%
HPQ	D	0.36%
MPWR	C	0.36%
TMUS	C	0.36%
YUM	D	0.36%
USB	B	0.35%
PYPL	B	0.34%
MMM	B	0.33%
WELL	B	0.33%
LULU	D	0.29%
EBAY	B	0.29%
DECK	C	0.28%
EMR	D	0.28%
APD	B	0.27%
ECL	B	0.27%
PSX	D	0.26%
CARR	B	0.26%
HUBS	D	0.26%
NEM	B	0.26%
NSC	C	0.25%
KEYS	C	0.25%
ANSS	F	0.25%
FTV	C	0.24%
AIG	D	0.24%
WMB	B	0.24%
COF	C	0.24%
D	C	0.23%
SRE	B	0.23%
AEP	B	0.23%
KMB	D	0.22%
MET	A	0.22%
BK	A	0.22%
TYL	C	0.22%
AMP	B	0.21%
ALL	A	0.21%
CMI	C	0.2%
RSG	D	0.19%
EXC	B	0.19%
GIS	B	0.19%
GWW	B	0.19%
PRU	C	0.19%
HPE	D	0.19%
PEG	B	0.18%
CTVA	B	0.18%
PCG	C	0.18%
PAYX	C	0.18%
VRSK	D	0.17%
KR	B	0.17%
DOW	D	0.17%
DASH	C	0.17%
OXY	F	0.17%
BBY	B	0.16%
KHC	C	0.16%
HIG	A	0.16%
ED	C	0.16%
EA	D	0.16%
CBRE	A	0.16%
EIX	C	0.15%
IRM	B	0.15%
ADM	D	0.15%
DD	B	0.15%
XYL	D	0.15%
EXPE	C	0.15%
WSM	C	0.15%
GPN	D	0.14%
ROK	D	0.14%
OKTA	F	0.14%
VST	C	0.14%
CAH	C	0.13%
HSY	C	0.13%
A	C	0.13%
FITB	B	0.13%
WTW	B	0.13%
BIIB	F	0.13%
PPG	C	0.13%
IFF	B	0.12%
ETR	A	0.12%
DAL	C	0.12%
VTR	C	0.11%
SCI	B	0.11%
STT	A	0.11%
TROW	D	0.11%
CHD	C	0.11%
AWK	A	0.11%
RF	B	0.1%
RJF	C	0.1%
PPL	C	0.1%
CMS	A	0.09%
SYF	C	0.09%
BAX	C	0.09%
OMC	A	0.09%
BAH	B	0.09%
INVH	C	0.09%
K	A	0.09%
HBAN	B	0.09%
BMRN	F	0.08%
CNP	C	0.08%
KEY	B	0.08%
DAY	D	0.08%
PFG	B	0.08%
PINS	F	0.08%
ESS	B	0.08%
TRU	B	0.08%
CLX	C	0.08%
SWK	B	0.07%
CAG	B	0.07%
LNT	A	0.07%
OC	C	0.07%
LUV	C	0.07%
DOC	C	0.07%
HST	D	0.06%
IPG	C	0.06%
SJM	C	0.06%
CE	D	0.06%
NI	B	0.06%
ETSY	F	0.06%
PNR	B	0.06%
TAP	C	0.05%
CPB	B	0.05%
REXR	C	0.05%
ALB	F	0.05%
ELS	C	0.05%
Z	B	0.04%
CFG	D	0.04%
PNW	B	0.04%
MTCH	C	0.04%
RHI	D	0.03%
AGR	B	0.01%
ZG	B	0.01%

WOMN Underweight 42 Positions Relative to FSST

Symbol	Grade	Weight
NVDA	D	-5.09%
GOOGL	D	-3.5%
DIS	D	-2.15%
LIN	B	-1.99%
ON	D	-1.8%
LOW	B	-1.79%
KBR	D	-1.66%
PLD	C	-1.48%
DHR	B	-1.45%
NEE	B	-1.4%
AYI	B	-1.31%
AVY	D	-1.29%
VLTO	C	-1.21%
ICLR	D	-1.16%
CNC	C	-1.14%
HLT	B	-1.1%
TSLA	C	-1.03%
TMHC	B	-1.02%
CCK	A	-0.98%
CMCSA	D	-0.98%
LNG	D	-0.97%
DE	B	-0.89%
RRX	C	-0.8%
TGNA	C	-0.78%
ZTS	B	-0.73%
MAN	C	-0.69%
CDW	D	-0.67%
FSLR	C	-0.62%
GNRC	D	-0.58%
MRNA	F	-0.54%
DFS	C	-0.53%
CWEN	B	-0.52%
VOYA	A	-0.51%
EXAS	C	-0.5%
AMD	F	-0.5%
TKR	D	-0.5%
NXPI	D	-0.49%
APTV	D	-0.48%
TRV	B	-0.14%
SFM	B	-0.07%
CVS	D	-0.01%
ACI	F	-0.01%