FCLD

📎 Investment Objective

The Fidelity Cloud Computing ETF (FCLD) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Cloud Computing Index, which is designed to reflect the performance of companies involved in the cloud computing industry.

✨ Key Features

• Provides exposure to the growing cloud computing industry
• Passively tracks the Fidelity Cloud Computing Index
• Low expense ratio of 0.00%
• Suitable for investors seeking targeted exposure to the cloud computing sector

⚠️ Primary Risks

• Concentration risk: The fund is concentrated in the cloud computing industry, which may be subject to rapid changes and intense competition
• Equity market risk: The value of the fund's shares will fluctuate with changes in the value of the underlying stocks
• Sector risk: The fund's performance is closely tied to the performance of the cloud computing industry, which may be more volatile than the overall market
• Tracking error risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

The Fidelity Cloud Computing ETF may be suitable for investors seeking exposure to the growing cloud computing industry as part of a diversified portfolio. Investors should have a long-term investment horizon and be willing to accept the higher volatility associated with a sector-specific fund.