FSST
Fidelity Sustainable U.S. Equity ETF
FSST is an actively-managed, non-transparent fund with exposure to US companies that deliver tangible ESG impact through core business operations.
US
EQUITY
Active
MANAGEMENT STYLE
15.0 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 09, 2021 |
| Assets (mns) | $15 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 8.1 % |
| ALPHABET INC. CLASS A | 4.3 % |
| AMAZON.COM INC | 4.2 % |
| APPLE INC | 3.8 % |
| PROCTER & GAMBLE CO/THE | 2.9 % |
| MERCK & CO. INC. | 2.8 % |
| TRAVELERS COS INC/THE | 2.6 % |
| CIGNA CORPORATION | 2.5 % |
| MOODY'S CORP | 2.5 % |
| SALESFORCE.COM INC | 2.2 % |
Constituent Breakdown
| Number of holdings | 70 |
| Herfindahl-Hirschman Index | 232 |
| Wgt avg mkt cap (mns) | $701,432 |
| Large cap (>$10bn) | 91.4% |
| Mid cap ($2-10bn) | 5.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 87.0 % |
 |
IRELAND | 5.2 % |
 |
BRITAIN | 2.0 % |
 |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 26.0% | 33.4% | 22.1% | 10.3% | -- | -- | 8.9% | Volatility | 12.9% | 12.6% | 15.0% | 18.3% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 97% |
| MSCI EAFE | 0.91 | 74% |
| MSCI Emg Mkts | 0.69 | 42% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $102,185 |
Technical Indicators
| Recent close | $27.32 |
| 30d moving avg. | $28.10 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FSST |
Expenses vs. FSST |
ALTAR Score™ vs. FSST |
|---|---|---|---|---|
| FDWM | Fidelity Women's Leadership ETF | 38.9% | 0 bp | +2.3% |
| OEF | iShares S&P 100 ETF | 33.6% | -39 bp | +2.4% |
| QLTY | GMO U.S. Quality ETF | 33.4% | -9 bp | +2.1% |
| QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 32.8% | +16 bp | +2.0% |
| IQSU | IQ Candriam U.S. Large Cap Equity ETF | 32.4% | -50 bp | +2.6% |
| MGC | Vanguard Mega Cap ETF | 32.2% | -52 bp | +2.5% |
| CVLC | Calvert US Large-Cap Core Responsible Index ETF | 32.0% | -44 bp | +2.6% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 31.9% | -51 bp | +2.7% |
| IWL | iShares Russell Top 200 ETF | 31.9% | -44 bp | +2.4% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 31.7% | -39 bp | +2.6% |
Risk and Returns: FSST vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FSST
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FSST
2.4%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. FSST's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places FSST in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FSSTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FSST (59 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FSST | 59.0 | 11.6 | 70.6 |
| Peer Avg. | 56.8 | 24.6 | 81.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .