FDIF – Fidelity Disruptors ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term growth of capital. The fund normally invests its assets in a combination of five Fidelity® Funds, each of which normally invests in equity securities of companies that represent a disruptive theme. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FDIF	Fidelity Disruptors ETF	ETF	Open			Apr 16, 2020	$110.55M	0.500%	—	—	−$7.82M

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