BOSTON--(BUSINESS WIRE)--Fidelity Investments® announced the launch of six new disruptive ETFs. Fidelity® Disruptive Automation ETF (FBOT), Fidelity® Disruptive Communications ETF (FDCF), Fidelity® Disruptive Finance ETF (FDFF), Fidelity® Disruptive Medicine ETF (FMED), and Fidelity® Disruptive Technology ETF (FDTX) are trading on Nasdaq and available immediately commission-free for individual investors and financial advisors through Fidelity’s online brokerage platforms. Fidelity® Disruptors ETF (FDIF), a fund of funds which will invest in a combination of these five Fidelity ETFs, will be available on June 20, 2023.
The new ETFs will be among the most competitively priced active thematic strategies in the industry with a total expense ratio of 0.50%.
“The launch of these innovative, disruptive ETFs represents a significant milestone for Fidelity. We’re building on our history of active management to grow our comprehensive lineup of active ETFs,” said Greg Friedman, Fidelity’s Head of ETF Management and Strategy. “We continue to see demand for thematic strategies as well as active ETFs to help meet investors’ evolving needs and their distinct financial goals.”
In November 2022, Fidelity announced its plan to convert the disruptive fund suite into ETFs, which was first launched in April 2020. Each new transparent ETF maintains the same investment objectives and will be managed in the same manner as its former mutual fund counterpart. Fidelity’s disruptive strategies are designed to invest in innovative business models, emerging industries, and technologies that are changing the status quo, including those that are building out capabilities for artificial intelligence, autonomous driving, and next generation digital infrastructure among others.
Thematic Investing at Fidelity
Thematic investing at Fidelity allows customers to invest in long-term trends and themes that best align with their interests or objectives, while accessing Fidelity's deep and broad investment research and portfolio management expertise. These funds are part of Fidelity’s thematic investment lineup, which includes areas such as (but not limited to) Disruption, Megatrends, and Differentiated Insights. For more information on the Disruption category, read the Fidelity Viewpoints® articles, "What are disruptors?". Fidelity’s thematic product lineup offers 33 mutual funds and ETFs. To view the full lineup, visit https://www.fidelity.com/mutual-funds/investing-ideas/thematic-investing.
Fidelity’s Growing ETF Platform
As a leading provider of ETFs, Fidelity’s platform offers individual investors and advisors access to more than 2,500 ETFs, available for online purchase commission-free, with more than $930 billion in ETF client assets as of March 30, 2023. As part of its overall ETF offering, the 58 Fidelity managed ETFs this month will include nine semi-transparent actively managed equity ETFs, six transparent actively managed equity ETFs, twelve fixed income ETFs, thirteen factor ETFs, six passive thematic ETFs, eleven passive equity sector ETFs, and Fidelity ONEQ. As part of Fidelity's commitment to financial education, the company offers educational resources to help investors review ETF investing ideas, decide which types of ETFs may fit their investing needs, or browse ETFs with Fidelity’s screener: https://www.fidelity.com/etfs/investing-in-etfs.
About Fidelity Investments
Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve. With assets under administration of $11.1 trillion, including discretionary assets of $4.2 trillion as of March 31, 2023, we focus on meeting the unique needs of a diverse set of customers. Privately held for over 75 years, Fidelity employs over 70,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company.
Free commission offer applies to online purchase of ETFs in a Fidelity retail account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal).
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets. The risks associated with the securities of companies that represent a disruptive theme include small or limited markets for such securities, changes in business cycles, world economic growth, technological progress, rapid obsolescence, and government regulation. The securities of companies that rely heavily on technology tend to be more volatile and rapid changes to technologies affecting a company's products may adversely affect such company's results. The funds may have additional volatility because of their narrow concentration in specific industries and the companies within their disruptive themes. Non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole.
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.
Fidelity, Fidelity Investments and the pyramid logo are registered service marks of FMR LLC. The third party trademarks appearing herein are the property of their respective owners.
Before investing in any exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.
Fidelity, Fidelity Investments and the pyramid logo are registered service marks of FMR LLC. The third party trademarks appearing herein are the property of their respective owners.
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