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.
Past performance is no guarantee of future results.
Additional Active ETF Disclosure: The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the Fund’s latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on Fidelity.com or i.Fidelity.com. Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund’s trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders. Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.
For more information on each fund, please visit the individual product pages:
Fidelity Women's Leadership ETF (FSWM)
1. Source: Thompson Reuters, Fidelity Investments (FMR) as of January 2020.
Data as of June 2008 – January 2020.
Not intended to represent the performance of any Fidelity fund or funds.
Investment universe made up of top 1000 companies by market capitalization for each time period.
Filters include: 1.) companies that have 2 or more gender diversity corporate governance policies in place, according to Thomson Reuters data as of each historical period, and 2.) companies that are in the top ½ of female representation in senior management roles within each company’s sector according to Thompson Reuters data as of each historical period.
Average annualized excess returns of 122 basis points (a basis point is one one-hundredth (1/100 or 0.01) of one percent) per year are equal-weighted returns relative to the sector-adjusted benchmark. Note that the benchmark was modified to avoid sector bias, such that each benchmark sector weighting was adjusted to equate to the sector weightings of companies that meet both of the diversity criteria above.
Because diversity metrics are typically reported in Corporate Social Responsibility (CSR) reports within six months after the end of a fiscal year, we post-date fiscal year data to the following June (e.g. June 2009 incorporates fiscal year 2008 data for all companies) to avoid any look-ahead bias.
Diversification and asset allocation do not ensure a profit or guarantee against loss.
Investing involves risk, including risk of loss.
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