Fidelity Disruptive Communications ETF
FDCF
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Jun 15, 2023
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity Disruptive Communications ETF (FDCF) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing at least 80% of its assets in equity securities of companies engaged in disruptive communications themes, including social media, next-generation digital infrastructure such as 5G communications and cloud networking, and connected devices including the internet of things; it employs fundamental analysis of issuers' financial condition, industry position, market conditions, and quantitative portfolio construction to select growth and value stocks across domestic and foreign issuers in any economic sector. The ETF, with approximately $104 million in assets under management, approximately 40-43 total holdings, and a net expense ratio of 0.50%, benchmarks against the MSCI ACWI Index (Net MA) and MSCI All Country World Communication Services Equal Weighted Index, featuring top holdings such as Sea Ltd ADR, NVIDIA Corp, Meta Platforms Inc Class A, Amazon.com Inc, Alphabet Inc Class A, Taiwan Semiconductor Manufacturing Co Ltd ADR, Arista Networks Inc, T-Mobile US Inc, Liberty Broadband Corp A, and Netflix Inc, with sub-industry diversification including interactive media and services, semiconductors, movies and entertainment, interactive home entertainment, broadline retail, wireless telecommunication services, application software, cable and satellite, integrated telecommunication services, and communications equipment. Originally launched as a mutual fund on April 16, 2020, and managed by Fidelity Management & Research Company LLC with co-managers including Michael Kim since inception and Priyanshu Bakshi since January 2025, the fund underwent a significant reorganization in June 2023 when the predecessor mutual fund converted to an ETF structure, first listed on Nasdaq on June 12, 2023, as part of Fidelity Investments' expansion of its active equity ETF lineup. Issued by Fidelity Covington Trust and domiciled in the United States with operations aligned to Fidelity Investments headquartered in Boston, Massachusetts, the ETF targets investors seeking exposure to innovative communications disruptors through a portfolio approximately 72% in domestic equities and 26% in international equities across developed and emerging markets.