Backtested performance is not an indicator of future actual results. 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.Disclaimer: The TipRanks Smart Score performance is based on backtested results. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from its use. 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. 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.
Expert Screeners are provided by independent companies not affiliated with Fidelity. 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. The Fidelity ETF Screener is a research tool provided to help self-directed investors evaluate these types of securities. 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.ġ. 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. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on or i. 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. For additional information regarding the unique attributes and risks of these ETFs, see section below.Īdditional 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. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. By keeping certain information about the ETFs secret, they may face less risk that other traders can predict or copy their investment strategy. The differences between these ETFs and other ETFs may also have some advantages.
While the Tracking Basket includes some of the ETF’s holdings, it is not the ETF’s actual portfolio. These price differences may be greater for these ETFs compared to other ETFs because they provide less information to traders these additional risks may be even greater in bad or uncertain market conditions each ETF will publish on and i. a "Tracking Basket" designed to help trading in shares of the ETF. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information the price you pay to buy ETF shares on an exchange may not match the value of each ETF’s portfolio. For example, you may have to pay more money to trade the shares of these ETFs. This may create additional risks for your investment.
Traditional ETFs tell the public what assets they hold each day. * These ETFs are different from traditional ETFs.
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