FUTY

📎 Investment Objective

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

✨ Key Features

• Provides exposure to the U.S. utilities sector, which includes companies involved in the generation, transmission, and distribution of electricity, gas, water, and other utility services.
• Tracks the MSCI USA IMI Utilities Index, a broad, market-cap-weighted index that covers large, mid, and small-cap utilities stocks.
• Low expense ratio of 0.00%, making it a cost-effective way to gain exposure to the utilities sector.
• Suitable for investors seeking diversified exposure to the utilities industry as part of a broader portfolio.

⚠️ Primary Risks

• Sector concentration risk: As a sector-specific fund, the ETF is more susceptible to factors affecting the utilities industry 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 are affected by general market conditions.
• Tracking error risk: The fund 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 Utilities Index ETF may be suitable for investors seeking exposure to the utilities sector as part of a diversified portfolio, particularly those with a long-term investment horizon and a moderate risk tolerance. It may be appropriate for investors looking to gain broad, cost-effective access to the U.S. utilities industry.