Fidelity ETFs

Investing in Active Equity ETFs

Backed by Fidelity's heritage of research and active management, Fidelity Active ETFs give you the power to offer your clients the flexibility, tax efficiency, and trading benefits in an ETF, with the potential for outperformance.

Why Fidelity Active ETFs?

The benefits of the ETF vehicle

  • Tax efficiency
  • Flexibility of intraday trading
  • Mitigate single stock risk

The power of Fidelity's active management legacy

  • Decades of experience across market conditions
  • Nearly 400 research professionals around the globe2
  • The potential for excess returns and better investment outcomes1

Explore Actively Managed Thematic ETFs

Fidelity Disruptive Medicine ETF (FMED)

Invests in companies that are transforming medical diagnostics, therapies, and services, from gene therapy to robotic surgery and digital health platforms.

Fidelity Disruptive Technology ETF (FDTX)

Invests in new technologies such as companies delivering cloud computing, harnessing big data, and transforming consumer experiences through internet and mobile platforms.

Fidelity Disruptors ETF (FDIF)

Brings together 5 disruptive themes—automation, communications, finance, medicine, and technology—in a single fund.

Explore Actively Managed Equity ETFs

Fidelity Blue Chip Growth ETF (FBCG)*

A domestic equity growth strategy with a large cap bias. A focus on companies that we believe have above-average earnings growth potential with sustainable business models, for which the market has mispriced the rate and/or durability of growth.

Fidelity Blue Chip Value ETF (FBCV)*

A large cap, value-oriented strategy that seeks capital appreciation. A focus on companies where there is a significant price dislocation, where we believe that a stock’s market value will move toward its intrinsic value over time. We seek to purchase securities with a large “margin of safety” and use three different valuation measures to determine a company's intrinsic value.

Fidelity Growth Opportunities ETF (FGRO)*

A domestic equity strategy that invests in companies with distinct growth profiles. We believe the market often misses nuances of a company's business, which has profound implications for the long-term value of the enterprise. Therefore, we invest with a long-term lens, focusing on resilient business models that are undervalued on a 3–7 year earnings view.

Fidelity Magellan ETF (FMAG)*

A domestic equity strategy with a large cap growth orientation. Our investment process seeks to identify high-quality growth stocks benefiting from long-term "mega-trends," and the three "Bs"—brands, barriers to entry, and "best in class" management teams—using a proprietary quantitative screen and bottom-up fundamental analysis.

Fidelity New Millennium ETF (FMIL)*

Is managed with an opportunistic approach, investing across all sectors, market caps, and styles. We look for investment opportunities in emerging growth stocks, where we have a differentiated view on the magnitude of the growth rate; in compounders, where we have a differentiated view on the sustainability of the growth rate; and mean-reversion stocks, where we have a differentiated view on the timing, duration, or magnitude of the cycle.

Fidelity Real Estate Investment ETF (FPRO)*

A domestic equity sector strategy that seeks above-average income and long-term capital growth, consistent with reasonable investment risk. Investing across the entire REIT sector, offers exposure to key themes in real estate such as data centers and cell towers, warehousing and logistics, and housing trends.

Fidelity Small-Mid Cap Opportunities ETF (FSMO)*

A domestic equity strategy that provides investors access to some of Fidelity's key active management capabilities across the small and mid cap investment universe. Utilizes a quantitative approach that extracts fundamental insights from mutual funds managed by Fidelity's experienced small cap, mid cap, growth, and value investment teams.

* These ETFs are different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. These ETFs will not. This may create additional risks for your investment. For example, you may have to pay more money to trade the shares of these ETFs. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information; the price you pay to buy ETF shares on an exchange may not match the value of each ETF's portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because they provide less information to traders; these additional risks may be even greater in bad or uncertain market conditions; each ETF will publish on Fidelity.com and i.Fidelity.com a "Tracking Basket" designed to help trading in shares of the ETF. While the Tracking Basket includes some of the ETF's holdings, it is not the ETF's actual portfolio. The differences between these ETFs and other ETFs may also have some advantages. By keeping certain information about the ETFs secret, they may face less risk that other traders can predict or copy their investment strategy. This may improve the ETFs' performance. However, if the investment strategy can be predicted or copied, this may hurt the ETFs' performance. For additional information regarding the unique attributes and risks of these ETFs, see section below.

Related Commentary content feature the most recent content related to the equity asset class. Featured presenters and authors may not be directly associated with the products listed on this web page.

  • 1. While Active ETFs offer the potential to outperform an index, these products may more significantly trail an index as compared with passive ETFs.
  • 2. Fidelity Investments as of 3/31/23.
  • Active Equity ETFs: The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the fund's latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on Fidelity.com or i.Fidelity.com.
  • Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund's trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders.
  • Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.
  • ETFs are subject to market fluctuations, the risks of their underlying investments, management fees, and other expenses.
  • Investing involves risk, including risk of loss. Past performance is no guarantee of future results.
  • The indices were created by FMR Co., Inc., using a rules-based proprietary index methodology and the performance of the funds, and their indices may vary somewhat due to various factors, including fees and expenses. You cannot invest directly in an index.
 
 

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