ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.
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Source: BlackRock, as of 10/31/2023. Market leader based on market share, number of ETFs, and $2.2 trillion in assets under management as of 10/31/2023.
2. Source: Morningstar, as of 10/31/2023. iShares Core S&P 500 ETF (IVV) is one of three S&P 500® Index ETFs with an expense ratio of 0.03% or lower.
3. BlackRock as of 06/30/2025. The top 10 holdings of the fund are: NVDA 15.60%, MSFT 14.97%, AAPL 12.41%, AMZN 6.11%, AVGO 4.73%, META 4.62%, MRK/B 4.32%, TSLA 4.22%, JPM 4.20%, LLY3.20%. Holdings subject to change. This is not meant as a guarantee of any future results or experience. This information should not be relied upon as research. Investment advice or a recommendation regarding the future Funds or any security in particular. For a full list of most recent fund holdings, visit
https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=TOPT. Specific companies or issuers are mentioned for educational purposes only and should not be deemed as a recommendation to buy or sell any securities.
Expense ratio is the total annual fund operating expense ratio from the fund's most recent prospectus.
Diversification and asset allocation do not ensure a profit or guarantee against loss.
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The Fidelity ETF Screener is a research tool provided to help self-directed investors evaluate these types of securities. The criteria and inputs entered are at the sole discretion of the user, and all screens or strategies with preselected criteria (including expert ones) are solely for the convenience of the user. Expert Screeners are provided by independent companies not affiliated with Fidelity. Information supplied or obtained from these Screeners is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell securities, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy or approach to screening or evaluating stocks, preferred securities, exchange-traded products, or closed-end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from its use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation, and other individual factors, and reevaluate them on a periodic basis.
5. These funds are not investment companies registered under the Investment Company Act of 1940 (the “1940 Act”) nor are they commodity pools under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of spot crypto ETPs do not have the protections associated with ownership of shares in a registered investment company nor are shareholders afforded the protections of investing in an CEA-regulated instrument or commodity pool.
Digital assets are highly volatile, and their market movements are very difficult to predict. Various market forces may impact their value including, but not limited to, supply and demand, investors’ faith and their willingness to purchase it using traditional currencies, investors’ expectations with respect to the rate of inflation, interest rates, currency exchange rates, an evolving legislative and regulatory environment in the U.S. and abroad, and other economic trends. Investors also face other risks, including significant and negative price swings, flash crashes, and fraud and cybersecurity risks. Digital assets may also be more susceptible to market manipulation than securities.
The performance of each fund or funds will not reflect the specific return an investor would realize if the investor actually purchased cryptocurrency. Investors in either fund will not have any rights that cryptocurrency holders have and will not have the right to receive any redemption proceeds in the underlying cryptocurrency.
6. There are material differences between Savings accounts, and ETFs, including investment objectives, risks, fees, and expenses. Most savings accounts pay compound interest, meaning your earnings are added to your balance to create a larger base on which future interest is paid. Most savings accounts allow you to add or withdraw money at any time without incurring a fee. Savings accounts principal investments are insured by the FDIC up to applicable FDIC limits, while ETFs are not FDIC insured and may lose value. Most ETFs seek to track a market index, before fees and expenses. ETFs trade on exchanges intraday at market price, which may be greater or less than net asset value. Transactions in shares of ETFs may result in brokerage commissions and may generate tax consequences. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained. Please consider each product carefully, as there are differences in fees.
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Dollar cost averaging does not assure a profit or protect against a loss in declining markets. For a Periodic Investment Plan strategy to be effective, customers must continue to purchase shares both in market ups and downs.
For iShares® ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares® ETFs and inclusion of iShares® funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares® are registered trademarks of BlackRock Inc., and its affiliates.
Blackrock/iShares® and Fidelity Investments are independent entities and are not legally affiliated.
Exchange-traded products (ETPs) are subject to market volatility and the risks of their underlying securities, which may include the risks associated with investing in smaller companies, foreign securities, commodities, and fixed income investments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets. ETPs that target a small universe of securities, such as a specific region or market sector, are generally subject to greater market volatility, as well as to the specific risks associated with that sector, region, or other focus. ETPs that use derivatives, leverage, or complex investment strategies are subject to additional risks. The return of an index ETP is usually different from that of the index it tracks because of fees, expenses, and tracking error. An ETP may trade at a premium or discount to its net asset value (NAV) (or indicative value in the case of exchange-traded notes). The degree of liquidity can vary significantly from one ETP to another and losses may be magnified if no liquid market exists for the ETP's shares when attempting to sell them. Each ETP has a unique risk profile, detailed in its prospectus, offering circular, or similar material, which should be considered carefully when making investment decisions.
Among all ETF providers, iShares has listed the most first-quartile U.S. ETFs of any ETF provider over a trailing five-year return period. Source: Morningstar Direct, as of 10/31/2023; 74 iShares ETFs were top quartile relative to their respective Morningstar categories when calculating five-year returns. In total, 1,383 ETFs were ranked.
Before investing in any exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.
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