Fidelity MSCI Consumer Discretionary Index ETF
FDIS
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is a passively managed exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, to the performance of the MSCI USA IMI Consumer Discretionary 25/50 Index. The fund invests at least 80% of its assets in securities included in the index, employing a representative sampling strategy to track large-, mid-, and small-cap U.S. companies classified in the consumer discretionary sector under the Global Industry Classification Standard (GICS); top holdings include Amazon.com Inc. (23.93%), Tesla Inc. (14.51%), Home Depot Inc. (5.78%), McDonald's Corp. (3.33%), and Booking Holdings Inc. (3.07%), with sub-industry diversification across broadline retail (26.97%), automobile manufacturers (16.50%), restaurants (10.86%), hotels/resorts/cruise lines (9.20%), and home improvement retail (7.94%). It offers investors broad exposure to the consumer discretionary segment of the U.S. equity market, with approximately 258 holdings, a net expense ratio of 0.084%, and assets under management of $1.79 billion as of June 30, 2025; the fund trades on the NYSE Arca exchange and pays quarterly dividends. Launched on October 21, 2013, FDIS is issued by Fidelity Covington Trust, with portfolio management by Fidelity Investments, headquartered at 245 Summer Street, Boston, Massachusetts. Prior to December 1, 2020, the ETF tracked an uncapped version of its underlying index, reflecting a shift to the current 25/50 constraints to comply with regulatory diversification limits. Geographically, the fund focuses primarily on domestic U.S. equities (98.06% allocation), with minor exposure to international developed and emerging markets (1.93%). In recent developments, Fidelity Investments, the sponsor, expanded its ETF lineup in 2025 with launches including the Fidelity Managed Futures ETF (FFUT) in June, Fidelity Municipal Bond Opportunities ETF, and Fidelity Systematic Municipal Bond Index ETF, growing its exchange-traded assets under management to $125.9 billion across 79 funds. The firm also introduced Fidelity Crypto for IRAs and custom model portfolios with alternatives for wealth management firms, alongside enhancements to digital asset offerings and integrations like Microsoft-Saifr for compliance solutions. These initiatives underscore Fidelity's strategic focus on diversifying product offerings amid rising demand for alternatives and tax-advantaged investments, though no FDIS-specific acquisitions, partnerships, or major operational changes have been reported in the last 1-2 years.