FTEC 📈 Fidelity MSCI Information - Overview

The Fidelity MSCI Information Technology Index ETF, traded on the NYSE ARCA under the ticker FTEC, is designed to track the performance of the information technology sector within the U.S. equity market. By investing at least 80% of its assets in securities that are part of its underlying index, the MSCI USA IMI Information Technology 25/50 Index, the fund aims to replicate the sector's performance. This underlying index is a broad representation of the U.S. information technology sector, encompassing a wide range of companies involved in the development, support, and manufacture of technology products and services.

The fund's investment strategy does not necessitate holding all the securities included in the MSCI USA IMI Information Technology 25/50 Index, allowing for some flexibility in its portfolio management. As a non-diversified fund, it can concentrate its investments in a smaller number of securities, which may include technology giants, software companies, semiconductor manufacturers, and other related businesses. This focus enables the fund to closely track the performance of the information technology sector, providing investors with a targeted investment opportunity in this specific segment of the U.S. equity market.

With its domicile in the United States and an ISIN of US3160928087, the Fidelity MSCI Information Technology Index ETF is classified as an exchange-traded fund (ETF) within the technology category. This classification underscores its role as a trading vehicle that offers investors exposure to the information technology sector through a single, publicly traded security. For more detailed information about the fund, including its investment objectives, risks, and performance, investors can visit the company's website at http://www.institutional.fidelity.com.