Fidelity MSCI Consumer Staples Index ETF
FSTA
New York Stock Exchange Arca- -
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 - Global
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 24, 2013
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity MSCI Consumer Staples Index ETF (FSTA) is an exchange-traded fund that seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Staples 25/50 Index, a modified market capitalization-weighted index capturing large-, mid-, and small-cap segments of the U.S. consumer staples sector according to the Global Industry Classification Standard (GICS). The fund employs a representative sampling indexing strategy, investing at least 80% of its assets in securities included in the benchmark index, which comprises companies engaged in the production and distribution of essential goods such as household products, soft drinks and non-alcoholic beverages, packaged foods and meats, tobacco, personal care products, food retail, and consumer staples merchandise retail; top holdings include Costco Wholesale Corp (approximately 12-13%), Walmart Inc (approximately 12%), Procter & Gamble Co (approximately 11%), Coca-Cola Co (approximately 8%), PepsiCo Inc, Philip Morris International Inc, Altria Group Inc, Mondelez International Inc, Colgate-Palmolive Co, and Monster Beverage Corp, representing over 60% of assets across 103-105 total holdings. Launched on October 21, 2013, and issued by Fidelity Covington Trust under Fidelity Investments, with headquarters in Smithfield, Rhode Island, FSTA operates primarily in the U.S. market, targeting investors seeking defensive exposure to the consumer staples industry characterized by stable demand for non-cyclical products; it has approximately $1.38 billion in assets under management, a low expense ratio of 0.084%, and quarterly dividend distributions with a trailing 12-month yield of about 2.16%. In recent years, FSTA has maintained its core indexing approach with low turnover of around 6% and continues to track the benchmark closely, evidenced by a three-year tracking error of 0.01%; prior to December 1, 2020, the ETF operated under different investment policies and benchmarked against the MSCI USA IMI Consumer Staples Index, reflecting a strategic shift to the current 25/50 variant for enhanced diversification and compliance limits. Institutional investors have shown ongoing interest, with entities such as Global Retirement Partners LLC acquiring additional shares in early 2025 and AGF Management Ltd increasing its holdings by 1.5% in the second quarter of 2025 through purchases of over 6,000 shares, indicating sustained demand amid market volatility; no major acquisitions, mergers, new product launches, or reorganizations specific to the ETF have been reported in the last 1-2 years, underscoring its stable passive structure focused on sector replication rather than active strategic changes.