Before investing in any mutual fund or 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.
1. Source: Fidelity Investments. Fidelity analyzed the top 1000 companies (Russell 1000) in the US from 12/2013 through 6/2019 and found that the highest scoring ESG companies (the top 20%, as rated by MSCI’s ESG score) in the Russell 1000 outperformed by over 1.5% a year. Both the Russell 1000 and the top scoring ESG companies were equal-weighted in this study. In addition, sector bias was also removed.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal.
Past performance is no guarantee of future results.
Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.
Foreign markets can be more volatile than U.S. markets due to increased risks of adverse issuer, political, market, or economic developments, all of which are magnified in emerging markets. These risks are particularly significant for investments that focus on a single country or region.
The securities of smaller, less well known companies can be more volatile than those of larger companies.