FSST

Fidelity Sustainable U.S. Equity ETF

$30.89

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Fidelity Sustainable U.S. Equity ETF (FSST) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity U.S. Sustainability Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that demonstrate attractive environmental, social, and governance (ESG) characteristics.

Overview

ETF tracking Fidelity Sustainable U.S. Equity ETF

Category ESG

Issuer Other

Inception Date 2021-06-17

Market Cap $17.8M

Average Volume N/A

Dividend Yield 1.55%

52-Week Range $21.77 - $31.12

VWAP N/A

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF seeks to achieve its objective by investing at least 80% of its assets in securities included in the Fidelity U.S. Sustainability Index. The index is composed of stocks of companies that have been identified as demonstrating attractive ESG characteristics based on Fidelity's proprietary ESG ratings model.

✨ Key Features

Focuses on U.S. large and mid-cap companies with strong ESG profiles
Tracks the Fidelity U.S. Sustainability Index, which is designed to provide exposure to sustainable companies
Employs a passively managed, index-tracking approach
Expense ratio of 0.00%, making it a low-cost ESG investment option

⚠️ Primary Risks

Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying securities in the index
ESG investment risk: The ETF's focus on ESG factors may result in it underperforming the broader market if ESG factors do not have a positive impact on company performance
Concentration risk: The ETF is concentrated in the U.S. market and may be more volatile than a more diversified fund
Tracking error risk: The ETF may not perfectly track the performance of the underlying index

👤 Best For

The Fidelity Sustainable U.S. Equity ETF may be suitable for investors seeking exposure to a diversified portfolio of U.S. large and mid-cap companies with strong ESG characteristics, as part of a broader investment strategy. Investors with a long-term investment horizon and a tolerance for market volatility may find this ETF appropriate.