The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund designed to track the performance of U.S. information technology companies. The ETF is managed by Fidelity Investments and trades under the ticker FTEC on the NYSE Arca.

Classified as a sector equity ETF, the fund invests in technology companies included in the MSCI USA IMI Information Technology 25/50 Index, which comprises large-, mid-, and small-cap U.S. companies within the information technology sector while applying diversification limits required under applicable fund regulations.

The ETF follows a passive management strategy and provides exposure to companies operating in software, semiconductors, technology hardware, IT services, and digital infrastructure.

Diversification and sector exposure

FTEC provides exposure primarily associated with:

• U.S. information technology companies.

• Software.

• Semiconductors.

• Hardware.

• Technology equipment.

• Information technology services.

• Digital infrastructure.

• Large-, mid-, and small-cap companies.

The portfolio includes companies developing technologies used by consumers, businesses, and governments across multiple areas of the digital economy.

The ETF's performance generally reflects the performance of the U.S. information technology sector and is influenced by technological innovation, digital transformation spending, and the financial performance of technology companies.

Structure and costs

FTEC shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund 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 MSCI Information Technology Index ETF was launched in 2013 to provide investors with broad exposure to the U.S. information technology sector through a single exchange-traded investment.

Since inception, the fund has tracked the MSCI USA IMI Information Technology 25/50 Index, reflecting the performance of companies operating across multiple segments of the technology industry.

Over time, the ETF has been influenced by the expansion of cloud computing, artificial intelligence, digital transformation, semiconductor growth, and increasing global demand for technology solutions.

Additional Information

Fidelity MSCI Information Technology Index ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $21.25 billion.

Over the past 12 months, Fidelity MSCI Information Technology Index ETF recorded a return of 35.56%, with its price trading between $199.44 and $300.51 during the same period.

The ETF is traded under the ticker FTEC.