Fidelity® MSCI Consumer Discretionary Index ETF company info

What does Fidelity® MSCI Consumer Discretionary Index ETF do?
Fidelity® MSCI Consumer Discretionary Index ETF (NYSE:FDIS) is an exchange-traded fund that aims to provide investment returns that correspond generally to the performance of the MSCI USA IMI Consumer Discretionary Index. Specializing in a diversified portfolio, it bets on stocks from the consumer discretionary sector, encompassing a wide range of industries including automobiles, household durable goods, apparel, hotels, restaurants, leisure, and media. FDIS's objectives revolve around capitalizing on the growth potential of consumer discretionary companies, aiming to benefit from the spending patterns of consumers. The fund operates with the goal of achieving long-term capital growth by investing in companies expected to benefit from discretionary consumer spending. Through its strategic investments, FDIS seeks to offer investors exposure to the consumer discretionary sector, reflecting the performance of U.S. companies within this dynamic and evolving market segment.
Fidelity® MSCI Consumer Discretionary Index ETF company media
Company Snapshot

Is Fidelity® MSCI Consumer Discretionary Index ETF a public or private company?

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Ownership
Public

How many people does Fidelity® MSCI Consumer Discretionary Index ETF employ?

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Employees
75,010

What sector is Fidelity® MSCI Consumer Discretionary Index ETF in?

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Sector
ETF

Where is the head office for Fidelity® MSCI Consumer Discretionary Index ETF?

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Head Office
Boston, United States

What year was Fidelity® MSCI Consumer Discretionary Index ETF founded?

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Year Founded
2013
What does Fidelity® MSCI Consumer Discretionary Index ETF specialise in?
/Consumer Discretionary /Equity Investments /ETF trading /Investment Management /Tracking Benchmark /Passive Management

What are the products and/or services of Fidelity® MSCI Consumer Discretionary Index ETF?

Overview of Fidelity® MSCI Consumer Discretionary Index ETF offerings
Tracks Consumer Discretionary Sector: FDIS tracks the performance of the MSCI USA IMI Consumer Discretionary 25/50 Index. This index measures the performance of companies in the U.S. consumer discretionary sector, which includes companies that sell goods and services that consumers aren't obligated to buy but tend to purchase more of when they have extra money.
Examples of Holdings: Companies in the consumer discretionary sector can include those in industries like apparel retail, automobiles, restaurants, hotels, cruises, entertainment, and home improvement.
Diversification: FDIS holds shares in a variety of companies within the consumer discretionary sector, offering some level of diversification within this segment of the stock market.
Passive Management: The ETF is passively managed, meaning it replicates the holdings of the underlying index and doesn't try to outperform it through security selection.
Expense Ratio: FDIS has a low expense ratio, which is a fee that covers the costs of operating the ETF.
Investment Vehicle: FDIS functions as an investment vehicle for investors seeking exposure to the consumer discretionary sector of the U.S. stock market.