FTEC

Fidelity MSCI Information Technology Index ETF

$225.43

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The Fidelity MSCI Information Technology Index ETF seeks to provide investment returns that closely correspond, before fees and expenses, to the performance of the MSCI USA IMI Information Technology Index.

Overview

ETF tracking Fidelity MSCI Information Technology Index ETF

Category Technology

Issuer Other

Inception Date 2013-10-24

Market Cap $16.4B

Average Volume N/A

Dividend Yield 0.40%

52-Week Range $139.80 - $238.71

VWAP $223.95

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF uses a passively managed, full-replication approach, investing in the same securities and in the same proportions as the underlying index. The index is designed to measure the performance of the large-, mid-, and small-capitalization segments of the U.S. information technology sector.

✨ Key Features

Provides broad exposure to the U.S. information technology sector
Tracks the MSCI USA IMI Information Technology Index, a market-cap-weighted index
Employs a passive, full-replication investment strategy
Has a low expense ratio of 0.00%

⚠️ Primary Risks

Concentration risk: The fund is heavily concentrated in the information technology sector, making it vulnerable to factors affecting that sector
Market risk: The value of the fund's shares will fluctuate with changes in the value of the underlying securities
Tracking error risk: The fund may not perfectly track the performance of the underlying index
Liquidity risk: In certain market conditions, it may be difficult to buy or sell shares of the fund

👤 Best For

This ETF may be suitable for investors seeking broad exposure to the U.S. information technology sector as part of a diversified portfolio. It may be particularly appealing to investors with a long-term investment horizon who are willing to accept the higher volatility associated with the technology sector.