Fidelity Disruptive Finance Fund
FNTEX
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ROIC.AI
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- Fidelity Disruptive Finance Fund (FNTEX) is an actively managed open-end mutual fund that seeks long-term growth of capital by investing at least 80% of its assets in equity securities of companies engaged in disruptive finance; these include firms transforming financial services through innovations such as fintech platforms, digital payments, blockchain-based solutions, peer-to-peer lending, robo-advisors, and alternative financing models that challenge traditional banking and capital markets. The fund employs a benchmark-agnostic approach, targeting companies across market capitalizations with strong long-term fundamental outlooks aligned to the disruptive finance theme, spanning sectors like payments technology, lending marketplaces, digital asset infrastructure, and financial software. It primarily invests in common stocks but may include other equity types such as preferred securities, convertible securities, and depositary receipts; the portfolio is managed by Fidelity's disruptive strategies team as part of a suite targeting innovative themes including automation, communications, medicine, and technology. Launched in April 2020 and domiciled in the United States, the fund operates under Fidelity Management & Research Company LLC, headquartered in Boston, Massachusetts, with global reach through investments in companies across developed and emerging markets worldwide. In a significant strategic shift announced in November 2022 and completed in June 2023, Fidelity converted FNTEX from a mutual fund into an exchange-traded fund (ETF) under the ticker FDFF to enhance investor access, reduce costs, and provide intraday trading liquidity while maintaining identical investment objectives, policies, and strategies. This conversion positioned it alongside five related disruptive ETFs, broadening Fidelity's active ETF lineup and attracting assets amid growing demand for thematic investing in innovative industries. No major acquisitions, funding rounds, or new product launches specific to FNTEX have been reported in the last 1-2 years.