(FDIS) Fidelity MSCI Consumer - Ratings and Ratios

The Fidelity MSCI Consumer Discretionary Index ETF, listed on the NYSE ARCA under the ticker FDIS, is designed to track the performance of the consumer discretionary sector in the US equity market. To achieve this, the fund invests a minimum of 80% of its assets in securities that are components of its underlying index, the MSCI USA IMI Consumer Discretionary 25/50 Index. This index is a broad representation of the consumer discretionary sector, encompassing a wide range of industries including automobiles, hotels, restaurants, leisure, and retail, among others.

The MSCI USA IMI Consumer Discretionary 25/50 Index serves as the fund's benchmark, aiming to capture the sector's overall performance. The fund may not hold every security included in this index, as it seeks to replicate the index's performance rather than holding each and every constituent. This approach allows for some flexibility in managing the portfolio. It's worth noting that the fund is classified as non-diversified, meaning it can concentrate its investments in a smaller number of securities or industries if they are heavily represented in the underlying index.

As an exchange-traded fund (ETF), FDIS offers investors the ability to gain exposure to the consumer discretionary sector through a single, tradeable security. The fund is part of Fidelity's lineup of ETF products, which are designed to provide investors with efficient and cost-effective access to various segments of the market. With its listing on the NYSE ARCA, the fund is accessible to a broad range of investors, from individual traders to institutional investors. The fund's details, including its investment objectives, risks, and performance, can be found on the Fidelity Institutional website.

In terms of its structure, the Fidelity MSCI Consumer Discretionary Index ETF is domiciled in the United States and has the ISIN US3160922049. It falls under the category of consumer cyclical ETFs, which are designed to track the performance of companies that produce goods and services whose demand tends to follow the overall business cycle. By investing in FDIS, investors can potentially benefit from the growth of the consumer discretionary sector, which can be driven by factors such as consumer spending trends, economic growth, and demographic changes.