FCOM

📎 Investment Objective

The Fidelity MSCI Communication Services Index ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the MSCI USA IMI Communication Services 25/50 Index.

✨ Key Features

• Provides exposure to a broad range of communication services companies, including media, entertainment, and telecommunications firms.
• Seeks to replicate the performance of the MSCI USA IMI Communication Services 25/50 Index, a market-cap-weighted index that is designed to represent the communication services sector.
• Low expense ratio of 0.00%, making it a cost-effective way to gain exposure to the communication services sector.
• Suitable for investors seeking broad, diversified exposure to the communication services industry as part of a larger portfolio.

⚠️ Primary Risks

• Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying securities, which may be affected by economic and political conditions, as well as industry-specific factors.
• Sector concentration risk: As a sector-specific ETF, the fund is more susceptible to factors affecting the communication services sector, which may result in greater volatility than a more diversified fund.
• Tracking error risk: The ETF may not perfectly track the performance of its underlying index due to factors such as fund expenses, cash flows, and transaction costs.
• Liquidity risk: The ETF may experience lower trading volumes or be less liquid than other ETFs, which could impact the ability to buy or sell shares at desired prices.

👤 Best For

The Fidelity MSCI Communication Services Index ETF may be suitable for investors seeking broad, low-cost exposure to the communication services sector as part of a diversified portfolio. It may be particularly appealing to investors with a long-term investment horizon who are comfortable with the risks associated with sector-specific investing.