FNCL

📎 Investment Objective

The Fidelity MSCI Financials Index ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the MSCI USA IMI Financials Index, which represents the financials sector of the U.S. equity market.

✨ Key Features

• Provides broad exposure to the U.S. financials sector, including banks, insurance companies, and diversified financial services firms.
• Low-cost index-based approach with an expense ratio of 0.00%.
• Tracks the MSCI USA IMI Financials Index, a market capitalization-weighted index that covers large, mid, and small-cap U.S. financials stocks.
• Suitable for investors seeking targeted exposure to the U.S. financials sector as part of a diversified portfolio.

⚠️ Primary Risks

• Sector concentration risk: As a sector-specific fund, the ETF is more susceptible to factors affecting the financials sector than a more diversified fund.
• Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying securities, which can be influenced by economic, political, and other factors.
• Tracking error risk: The ETF may not perfectly track the performance of the underlying index due to factors such as fund expenses and transaction costs.
• Liquidity risk: In certain market conditions, it may be difficult to buy or sell shares of the ETF at the desired price or time.

👤 Best For

The Fidelity MSCI Financials Index ETF may be suitable for investors seeking targeted exposure to the U.S. financials sector as part of a diversified portfolio. It may be particularly appealing to investors with a long-term investment horizon who are comfortable with the risks associated with sector-specific investing.