FBOT

Fidelity Disruptive Automation ETF

$32.33

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Fidelity Disruptive Automation ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Disruptive Automation Index, which is designed to reflect the performance of companies involved in the development and application of automation and robotics technologies.

Overview

ETF tracking Fidelity Disruptive Automation ETF

Category Consumer Discretionary

Issuer Other

Inception Date 2023-06-12

Market Cap $148.7M

Average Volume N/A

Dividend Yield 0.54%

52-Week Range $22.80 - $34.43

VWAP $32.26

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a diversified portfolio of companies that are involved in the development, production, and application of automation and robotics technologies across various industries. The fund's holdings are selected and weighted based on factors such as revenue exposure to automation-related activities, growth potential, and liquidity.

✨ Key Features

Exposure to companies at the forefront of automation and robotics innovation
Diversified portfolio across different automation-related industries
Passively managed to track the Fidelity Disruptive Automation Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific theme or sector
Volatility risk as the automation and robotics industry can be subject to rapid changes and technological disruptions
Liquidity risk as some of the fund's holdings may have limited trading volume
Market risk as the overall performance of the fund is tied to the performance of the broader stock market

👤 Best For

The Fidelity Disruptive Automation ETF may be suitable for long-term investors seeking exposure to the growing automation and robotics industry as part of a diversified portfolio. Investors should have a higher risk tolerance and a long-term investment horizon to weather potential volatility in this thematic fund.