The Fidelity Growth Opportunities ETF (FGRO) is an exchange-traded fund designed to pursue long-term capital appreciation by investing in companies with above-average growth potential. The ETF is managed by Fidelity Investments and trades under the ticker FGRO on the Cboe BZX Exchange.

Classified as an actively managed growth equity ETF, the fund primarily invests in U.S. and international companies that demonstrate favorable prospects for revenue growth, earnings expansion, or increasing market share. Its strategy combines fundamental research with active security selection.

The ETF follows an active management approach and does not track a specific benchmark index. Portfolio managers use Fidelity's proprietary research process to identify companies with strong business fundamentals and long-term growth potential.

Diversification and sector exposure

FGRO provides exposure primarily associated with:

• Growth companies.

• Technology.

• Healthcare.

• Consumer discretionary.

• Communication services.

• Industrials.

• Innovation.

• Developed markets.

The portfolio includes companies across multiple sectors and market capitalizations, emphasizing businesses with sustainable growth prospects, competitive advantages, and innovative business models.

The ETF's performance is closely tied to the growth segment of the equity market, which is generally more sensitive to expectations for future earnings, economic conditions, and interest-rate movements.

Structure and costs

FGRO shares trade on the secondary market on the Cboe BZX Exchange during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

Because the strategy is actively managed, portfolio holdings may be adjusted as new investment opportunities emerge and company outlooks evolve.

The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The Fidelity Growth Opportunities ETF was launched in 2021 as part of Fidelity's expansion into actively managed exchange-traded funds, bringing investment strategies traditionally available through mutual funds into an ETF structure.

Since inception, the fund has provided investors with an actively managed approach focused on companies with strong long-term growth potential, supported by Fidelity's fundamental research capabilities.

In recent years, advances in artificial intelligence, digital transformation, healthcare innovation, and evolving consumer behavior have continued to shape the growth opportunities available to companies represented in the ETF's portfolio.

Additional Information

Fidelity Growth Opportunities ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $465.62 million.

Over the past 12 months, Fidelity Growth Opportunities ETF recorded a return of 0.00%, with its price trading between $0.00 and $1,722.10 during the same period.

The ETF is traded under the ticker FGRO.