FIDU Profile
The Fidelity MSCI Industrials Index ETF is designed to provide investors with exposure to the industrial sector of the U.S. equity market. Under normal market conditions, the fund invests at least 80% of its total assets in the securities that comprise the fund's underlying index. This strategy ensures that the fund's performance closely aligns with the sector it aims to represent.
The underlying index for the fund is the MSCI USA IMI Industrials 25/25 Index, which tracks the performance of the industrial sector within the U.S. equity market. This index encompasses a broad spectrum of industrial sub-sectors, including manufacturing, construction, aerospace, and defense, among others. It is designed to provide a comprehensive view of the industrial sector by including companies across various sizes and stages of development.
The MSCI USA IMI Industrials 25/25 Index is constructed to reflect the overall performance of the industrial sector, capturing both large-cap and mid-cap companies. The index methodology emphasizes a balanced representation, including a wide range of industrial activities and sectors, which helps investors gain a diversified exposure to the U.S. industrial landscape.
While the fund aims to closely mirror the MSCI USA IMI Industrials 25/25 Index, it may not hold all of the securities included in the index. Instead, the fund may use a representative sampling approach to achieve similar performance characteristics. This allows for efficient management and potentially lower transaction costs while maintaining alignment with the index’s performance. The Fidelity MSCI Industrials Index ETF is suitable for investors seeking targeted exposure to the industrial sector with the potential for growth and income based on the sector’s performance in the U.S. market.
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