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ETF / ETP Details

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Prior to December 1, 2018, the fund was named Fidelity MSCI Telecommunication Services Index ETF and operated under certain different investment policies. The fund's historical performance may not represent its current investment policies.

Snapshot: FHLC

FIDELITY MSCI HEALTH CARE INDEXFidelity

43.05down-1.39 (-3.13%)

 as of 8:00:00pm ET 12/14/2018
Bid/Size 44.42/0
Ask/Size 44.44/0
Open 44.10
High 44.10
Low 42.90
Previous Close
AS OF 12/14/2018		 43.05
Price Performance (Last 52 Wk)
as of 12/13/2018		 +9.62%
Volume 450,302
Volume (90-Day Average) 312,473
Indicative Intraday Value Log in
NAV (Previous Day)
AS OF 12/14/2018 		43.017662
Bid/Ask Midpoint (Previous Day)
AS OF 12/13/2018		 44.43
Bid/Ask Spread (1 Month Average)
as of 10/31/2018		 0.06%
Premium / Discount (Previous Day)
as of 12/13/2018		 0.05%
Premium / Discount (1 Month Rolling Average)
as of 12/13/2018		 0.04%
Tracking Error 0.05
Options Yes
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ETP Type

ETF

Asset Class

Equity

Geography Objective

US

Capitalization / Style Objective

Broad/Multi Cap / Core or Blend

Sector Objective

Healthcare

Net Assets
AS OF 12/13/2018

$1.7B

Net Expense Ratio

0.084%

Sponsor

Fidelity Management & Research

Inception Date

10/21/2013

Investment Philosophy

Passively Managed

Benchmark Index

MSCI USA IMI Health Care Index

Index Composition

Cap-Weighted

Legal Structure

Open-End Investment Company

Objective

Seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Health Care Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Health Care Index, which represents the performance of the health care sector in the U.S. equity market. Using a representative sampling indexing strategy to manage the fund. “Representative sampling" is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index. The fund may or may not hold all of the securities in the MSCI USA IMI Health Care Index.

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News, Commentary & Events

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News

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Commentary

There is currently no commentary available for this symbol.

More News, Commentary & Events

Analyst Opinions

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
Ned Davis Research Group 03/26/2018 DOWNGRADE Log in for rating & report
XTF Inc. 10/31/2018 Upgrade 9.70000 out of 10 XTF Inc. PDF Report
FactSet 12/07/2018 -- A Details FactSet PDF Report
Morningstar, Inc.** 11/30/2018 -- 4 out of 54 out of 54 out of 54 out of 54 out of 5
Overall - 130 Health funds rated
Details		 --
More Analyst Opinions

Key Statistics

Price / Earnings (Trailing Twelve Months) 28.92
Price / Book 4.19
Price / Sales 1.93
Price / Cash Flow 17.39
30-day SEC Yield
AS OF 12/07/2018		1.34%
Distribution Yield (TTM)
AS OF 11/30/2018		 1.26%
See all Key Stats

Compare

FHLC
FIDELITY MSCI HEALTH CARE INDEX		 Asset Class Median
Volume (10-Day Avg)
AS OF 12/13/2018		 582.0K 21.8M
1 Week Market Total Return
AS OF 12/13/2018		 -1.14% -0.94%
1 Month Market Total Return
AS OF 12/13/2018		 +0.59% -2.46%
1 Year Market Total Return
AS OF 12/13/2018		 +11.12% -5.61%
3 Year Annualized Market Total Return
AS OF 12/13/2018		 +11.30% +8.80%
Beta (1 Year Month-End)
AS OF 11/30/2018		 0.98% 0.79
Annual Turnover Ratio
AS OF 07/31/2018		 8.00% 26.00%
Net Expense Ratio
AS OF 11/29/2017		 0.084% 0.49%
Compare to Other ETFs

Performance

Growth of Hypothetical $10,000 * AS OF 11/30/2018

Cumulative Total Returns AS OF 12/13/2018
NAV Return Market Return MSCI USA IMI Health Care Index
AS OF 12/13/2018
YTD +12.17% +12.21% +12.30%
4 Weeks +0.49% +0.59% +0.50%
13 Weeks -3.56% -3.60% -3.55%
26 Weeks +5.54% +5.59% +5.59%
Quarter-End Average Annual Total Returns AS OF 09/30/2018
NAV Return Market Return
1 Year +19.95% +20.02%
3 Year +15.24% +15.29%
5 Year -- --
10 Year -- --
Life +15.18% +15.00%
Life as of NAV inception date: 10/21/2013   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Gross Expense Ratio: 0.084%

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. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Total Basket Holdings AS OF 12/13/2018

355 (Long: 352 | Short: 0)
View All
Top 10 (45.69% of total holdings)
JNJ Johnson & Johnson 9.77%
UNH UnitedHealth Group Inc 6.45%
PFE Pfizer Inc 6.44%
MRK Merck & Co Inc 5.18%
ABBV AbbVie Inc 3.27%
MDT Medtronic PLC 3.18%
AMGN Amgen Inc 3.15%
ABT Abbott Laboratories 3.12%
LLY Eli Lilly and Co 2.74%
TMO Thermo Fisher Scientific Inc 2.39%
More about Portfolio Composition

StyleMap®

as of 12/13/2018 More information
Value Blend Growth
Large StyleMap: Large Growth
Mid
Small
Current HistoricalCurrent Fund Assets Coverage: 100%
Data provided by . More about Portfolio Composition
Free commission offer applies to online purchases of Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (of between $0.01 to $0.03 per $1,000 of principal). ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

*The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

**The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns. The Morningstar Rating TM for funds, or "star rating," is calculated for funds with at least a three-year history. (Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes.) It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each fund category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Top basket holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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