FTECFidelity MSCI Information Technology Index ETF
FTEC Fund Description
FTEC tracks a market-cap-weighted index of stocks in the broad US information technology sector.
FTEC Factset Analytics Insight
FTEC provides exposure to US technology firms across all market caps by tracking the MSCI USA IMI Information Technology 25/50 Index. All selected stocks are classified as part of the Information Technology sector under GICS. The Index’s methodology applies certain investment limits for RICs under the current US Internal Revenue Code to help ensure diversification, one of which stipulates that: At the end of each quarter of its tax year no more than 25% of the value of the RIC's assets may be invested in a single issuer and the sum of the weights of all issuers representing more than 5% of the fund should not exceed 50% of the fund’s total assets. Moreover, the index is reviewed quarterly starting in February and reviewed semiannually in May and November. Prior to December 1, 2020, the fund tracked the MSCI USA IMI Information Technology Index.
FTEC MSCI ESG Analytics Insight
Fidelity MSCI Information Technology Index ETF has an MSCI ESG Fund Rating of AAA based on a score of 9.72 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 Information Technology Index ETF ranks in the 97th percentile within its peer group and in the 97th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FTEC 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.
FTEC Portfolio Data
FTEC Index Data
FTEC Portfolio Management
FTEC Tax Exposures
FTEC Fund Structure
FTEC Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FTEC. FTEC is rated a 5 out of 5.
FTEC Sector/Industry Breakdown
FTEC Economic Development
FTEC Performance Statistics
FTEC MSCI ESG Ratings
FTEC Benchmark Comparison Summary
FTEC Benchmark Comparison Market Cap Size