(FUTY) Fidelity MSCI Utilities - Ratings and Ratios

The Fidelity MSCI Utilities Index ETF, traded on the NYSE ARCA under the ticker FUTY, is designed to track the performance of the utilities 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 Utilities 25/50 Index. This index is a broad representation of the utilities sector, encompassing a wide range of companies involved in the generation, transmission, and distribution of electricity, gas, and water, as well as other utility services.

The MSCI USA IMI Utilities 25/50 Index serves as the fund's benchmark, aiming to replicate the sector's performance. However, the fund may not hold every security included in this index, allowing for some flexibility in its investment strategy. It's classified as a non-diversified fund, which means it can concentrate its investments in a smaller number of securities, potentially increasing its exposure to specific market risks. The fund's structure as an ETF provides investors with the ability to buy and sell shares on an exchange, similar to stocks, offering a level of liquidity and transparency.

As part of Fidelity's offerings, the Fidelity MSCI Utilities Index ETF is managed with the goal of providing investors with a cost-effective way to gain exposure to the utilities sector. With its listing on the NYSE ARCA and its domicile in the United States, the fund operates under U.S. regulatory frameworks. The fund's details, including its ISIN (US3160928657), categorization as a utilities ETF, and other specifics, are available through Fidelity's institutional website, offering a resource for investors seeking more in-depth information about the fund's operations, holdings, and performance metrics.