(FHLC) Fidelity MSCI Health Care - Ratings and Ratios

The Fidelity MSCI Health Care Index ETF, listed on the NYSE ARCA under the ticker FHLC, is designed to track the performance of the health care sector within the U.S. 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 Health Care 25/50 Index. This index is a broad representation of the health care sector, encompassing a wide range of companies involved in various aspects of health care, from pharmaceuticals and biotechnology to medical devices and health care services.

The MSCI USA IMI Health Care 25/50 Index is a market-capitalization-weighted index, meaning that the securities within the index are weighted according to their market capitalization, with larger companies having a greater influence on the index's performance. The fund may or may not hold all of the securities included in the MSCI USA IMI Health Care 25/50 Index, as its investment strategy allows for some flexibility in portfolio construction. It's worth noting that the fund is classified as non-diversified, which means it can invest a significant portion of its assets in a limited number of securities, potentially increasing its risk profile.

As an exchange-traded fund (ETF), the Fidelity MSCI Health Care Index ETF offers investors the opportunity to gain exposure to the health care sector in a single, tradeable security. The fund is part of the broader family of Fidelity ETFs, which are managed by Fidelity Investments, one of the largest financial services companies in the world. With its listing on the NYSE ARCA and its registration in the United States, the fund is subject to U.S. securities laws and regulations. The fund's ISIN, US3160926008, is a unique identifier used to facilitate international trading and clearing of the security.