From the manufacturer:
Fender Custom Shop polishes and waxes are high-grade carnauba formulations containing no silicones, resins, polymers, bonding agents or alcohol. Our polishes are compatible with all finishes, including nitrocellulose. Fingerprinting and streaking on black finishes is greatly reduced, with absolutely no cloudy build-up. Non-abrasive carnauba formula with ultraviolet filtering agents extends the life of instrument finishes. Contains no abrasives, additives or sealants and is safe to use on all finishes, including nitrocellulose. Also works well on chrome and plastic.