FTEC Fidelity MSCI Information Technology Index ETF Overview

The People Pillar is our evaluation of the FTEC management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers. The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FTEC’s performance objective and investment process is for both security selection and portfolio construction. Get our overall rating based on a fundamental assessment of the pillars below.

There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. These two technology-focused ETFs have posted big returns, but one is slightly better. Both of these exchange-traded funds are among the best in their tech-focused class. ETF Database’s Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. For a management fee of 8 basis points, FTEC offers broad exposure to more than 300 tech firms, dominated by giants like Apple, Microsoft and Intel.

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View charts that break down the influence that fund flows and price had on overall assets. Fidelity MSCI Information Technology Index ETF’s stock is owned by a number of institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (4.29%), Lido Advisors LLC (2.88%), Commonwealth Equity Services LLC (1.48%), Full Sail Capital LLC (1.33%), Envestnet Asset Management Inc. (0.59%) and LPL Financial LLC (0.40%). Fidelity MSCI Information Technology Index ETF’s management fee is 0.08% and has no other recorded expenses or fee waivers.

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• Investors should note that that FTEC, like XLK and VGT, doesn’t invest in popular stocks often thought of as technology firms, including Facebook, Twitter and Google-parent Alphabet Inc.
• The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
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Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. The Fund seeks investment returns that correspond to the performance of the MSCI USA IMI Information Technology Index.

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Like rivals including State Street’s popular Technology Select Sector SPDR Fund (XLK) and the Vanguard Information Technology ETF (VGT), FTEC also owns sizable slugs of Visa and Mastercard. The Fidelity MSCI Information Technology ETF is one of the cheaper broad-based tech ETFs on the market but it hasn’t enjoyed the same popularity as pricier rivals offered by State Street and Vanguard. Please log in to your account or sign up in order to add this asset to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for https://forexarticles.net/common-stocks-and-uncommon-profits-and-other-writings/ certain other reasons have been excluded from these return calculations. On total assets of $223.90 million, FTEC maintains a low expense ratio compared to its Growth – Domestic peers of just 0.08% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio.

As always, this rating system is designed to be used as a first step in the fund evaluation process. A high rating alone is not sufficient basis upon which to make an investment decision. The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector.

• The adjacent table gives investors an individual Realtime Rating for FTEC on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating.
• No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC.
• Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year.
• Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA.
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Terms of Service apply. The Parent Pillar is our rating of FTEC’s parent organization’s priorities and whether they’re in line with investors’ interests. It has produced an average annual return of almost 22% since its inception. A long-running debate in asset allocation circles is how much of a portfolio an investor should… Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.

The MSCI USA IMI Information Technology Index represents the performance of the information technology sector in the U.S. equity market. ETFs from these two asset management giants complement each other well in a retirement portfolio. ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios. The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares.

Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year.