FCOM
Fidelity MSCI Communication Services Index ETFFCOM Fund Description
FCOM tracks a market-cap-weighted index of stocks in the US telecommunication services sector.
FCOM Factset Analytics Insight
FCOM is one of ten October 2013 launches from Fidelity that track MSCI sector indexes. The fund targets the US telecommunications sector. Although the US telecommunications segment has few funds, FCOM is also competing for assets with funds in the utilities and technology sectors that roll telecom exposure into their portfolios. The reason telecom gets absorbed into these other sectors in the ETP wrapper has to do with concentration: AT&T and Verizon account for 80% of the sector by market cap, and RIC-compliant funds cannot give this much weight to two holdings. The good news is FCOM debuts with the lowest fee in the segment, and tracks a similar benchmark to reigning Analyst Pick VOX. The challenge has been attracting enough assets to make the full cost competitive with VOX.
FCOM MSCI ESG Analytics Insight
Fidelity MSCI Communication Services Index ETF has an MSCI ESG Fund Rating of BB based on a score of 3.92 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Fidelity MSCI Communication Services Index ETF ranks in the 19th percentile within its peer group and in the 23th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FCOM MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FCOM Charts And Performance
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FCOM Summary Data
FCOM Portfolio Data
FCOM Index Data
FCOM Portfolio Management
FCOM Tax Exposures
FCOM Fund Structure
FCOM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FCOM. FCOM is rated a 5 out of 5.
FCOM Tradability
FCOM Sector/Industry Breakdown
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FCOM Top 10 Holdings[View All]
FCOM Countries
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FCOM Regions
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FCOM Economic Development
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FCOM Performance Statistics
FCOM MSCI ESG Ratings
FCOM Benchmark Comparison Summary
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FCOM Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.