Fidelity MSCI Information Technology Index ETF
FTEC
New York Stock Exchange Arca- -
USD
- -
- -
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.- 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 Information Technology Index ETF (FTEC) is a passively managed exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology 25/50 Index. The fund invests at least 80% of its assets in securities included in the index, employing a representative sampling indexing strategy; it offers exposure to large-, mid-, and small-cap U.S. companies classified in the information technology sector under the Global Industry Classification Standard (GICS), with top holdings including NVIDIA Corp (17.22%), Apple Inc (13.39%), and Microsoft Corp (13.13%) as of September 30, 2025. Sub-industry diversification encompasses semiconductors (31.26%), systems software (19.78%), technology hardware storage and peripherals (15.97%), application software (14.93%), and other categories such as semiconductor materials and equipment, communications equipment, and IT consulting services. Launched on October 21, 2013, and listed on NYSE Arca, FTEC is issued and managed by Fidelity Investments, with headquarters in Smithfield, Rhode Island; the fund maintains a net expense ratio of 0.084%, a turnover rate of 0%, and total assets under management of approximately $16.1 billion as of September 30, 2025. Geographically, the portfolio is predominantly allocated to domestic U.S. equities (99.96%), with minimal international developed markets exposure (0.03%). In recent developments, Fidelity Investments surpassed $100 billion in total ETF assets in November 2024, reflecting robust growth in its ETF lineup including FTEC, amid strong performance driven by technology sector momentum. Prior to December 1, 2020, the ETF operated under different investment policies and benchmarked against the standard MSCI USA IMI Information Technology Index, a shift that may affect historical performance comparability. Institutional interest remains high, evidenced by adjustments such as Envestnet Asset Management increasing its stake by 23.9% and Assetmark Inc expanding by 7,740.8% in the second quarter of 2025.