FHLC
Fidelity MSCI Health Care Index ETF
📎 Investment Objective
The Fidelity MSCI Health Care Index ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the MSCI USA IMI Health Care Index, which represents the health care sector of the U.S. equity market.
Overview
ETF tracking Fidelity MSCI Health Care Index ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Fidelity MSCI Health Care Index ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the MSCI USA IMI Health Care Index, which represents the health care sector of the U.S. equity market.
🎯 Investment Strategy
The ETF employs a passively managed, full-replication approach, attempting to replicate the performance of the underlying index by holding all or substantially all of the securities in the index in the same approximate proportions as the index.
✨ Key Features
- Provides broad exposure to the U.S. healthcare sector
- Tracks the MSCI USA IMI Health Care Index, a market-cap weighted index
- Low expense ratio of 0.00%
- Suitable for long-term, buy-and-hold investors
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single sector
- Market risk as the value of the fund's shares will fluctuate with changes in the broader market
- Tracking error risk as the fund may not perfectly replicate the performance of the underlying index
- Liquidity risk as the fund may have difficulty trading certain securities at desirable prices
👤 Best For
The Fidelity MSCI Health Care Index ETF may be suitable for investors seeking broad, low-cost exposure to the U.S. healthcare sector as part of a diversified portfolio. It is best suited for long-term, buy-and-hold investors with a higher risk tolerance given the sector-specific concentration.