Fidelity MSCI Information Technology Index ETF
Issued by Fidelity Investments
What FTEC Is
Broader tech coverage than XLK at the same ultra-low cost
FTEC is Fidelity's answer to XLK — the same 0.08% expense ratio, but tracking the MSCI USA IMI Information Technology Index instead of the S&P tech sector. The key difference is breadth: FTEC holds 294 companies versus XLK's 76, because the MSCI IMI index captures small- and mid-cap tech companies alongside large caps. This makes FTEC a more complete representation of the U.S. information technology sector.
What It Tracks
MSCI USA IMI Information Technology Index — covers large-, mid-, and small-cap U.S. information technology companies. Broader coverage than XLK's S&P 500-only approach.
Why Own FTEC
FTEC gives you XLK's cost structure (0.08%) with meaningfully broader coverage — 294 stocks versus 76. The small/mid-cap tail adds exposure to faster-growing technology companies not yet large enough for the S&P 500. For long-term investors, this broader index may capture more of the full tech sector's returns over time.
The Case For and Against
Strengths
- Same ultra-low 0.08% cost as XLK, but 4× more holdings (294 vs 76)
- Includes small- and mid-cap tech companies that XLK excludes
- NVDA has higher weight in FTEC than XLK due to MSCI classification differences
- Fidelity's ETF platform offers commission-free trading for Fidelity clients
Trade-offs
- Lower AUM ($17B vs $120B) than XLK — slightly less liquid for very large trades
- Still excludes GOOGL and META (Communication Services, not IT)
- Higher small-cap exposure means slightly more volatility than XLK during risk-off periods
Who It Suits
Investors who want the broadest, most complete U.S. tech sector exposure at minimal cost — particularly those who want exposure to mid-cap tech growth companies that XLK misses.
Performance
| Period | Return | Annualised | Window started | Price then |
|---|---|---|---|---|
| 1 Month | -16.3% | — | 2026-10-07 | $308.92 |
| 3 Months | -10.8% | — | 2026-08-07 | $289.84 |
| 6 Months | -3.6% | — | 2026-05-08 | $268.37 |
| YTD | +15.1% | — | 2025-12-31 | $224.67 |
| 1 Year | +13.8% | — | 2025-11-06 | $227.34 |
| 2 Years | +42.0% | +19.1% | 2024-11-06 | $182.21 |
| 5 Years | +95.5% | +14.3% | 2021-11-05 | $132.34 |
| Since Inception | +932.2% | +19.6% | 2013-10-24 | $25.06 |
Price returns only, computed from 3279 daily closes — before commissions, spreads and tax, and excluding any distributions, so a fund that pays income has earned more than these figures show. Annualised figures appear only for windows longer than about 13 months. These are not the fund's official NAV-based returns — see the issuer's fact sheet for those.
Trading & Market Data
FTEC is trading inside its 52-week range. A high reading is not a sell signal and a low one is not a bargain — it only says where the last year's prices sit relative to today.
What the Expense Ratio Costs
FTEC charges 0.08% a year. Deducted daily from net asset value, never billed separately, so it is easy to miss. On a flat $10,000 position — holding the price steady to isolate the fee from the returns — it compounds to:
An illustration, not a projection: in reality the fee is charged against a balance that moves, so the dollar cost rises with a fund that grows and falls with one that shrinks. It also excludes bid-ask spread, brokerage commission and — for funds structured as commodity pools or partnerships — any additional filing complexity.
Asset Allocation
Top Holdings (10 shown)
Holdings data sourced from Yahoo Finance. Weights change over time — verify current holdings on the issuer's official fund page.
Sector Weights
Related Technology ETFs
FTEC — Common Questions
If FTEC and XLK have the same expense ratio, why would I choose one over the other?
FTEC covers 294 companies vs XLK's 76, adding mid and small-cap tech exposure. XLK has 7× more AUM ($120B vs $17B), meaning tighter bid-ask spreads and better liquidity for large trades. For buy-and-hold investors the difference is minimal; for institutional or large-volume traders, XLK's liquidity is meaningfully better.
What does FTEC actually track?
Fidelity MSCI Information Technology Index ETF is a technology ETF from Fidelity Investments. Its largest disclosed position is Apple Inc at 17.73% of the fund, and its heaviest sector exposure is Technology at 99.42%.
How much does FTEC charge?
0.08% per year, deducted from net asset value rather than billed to you. On $10,000 held for ten years with a flat price that is about $80.
How has FTEC performed?
Over the past year the price rose 13.8%, and since 2013-10-24 it is +932.2%. Its worst peak-to-trough fall on record is -35.4%, between Dec 27, 2021 and Oct 14, 2022. Those are price returns as of 2026-11-06 and exclude distributions.
How large is FTEC?
About $20.8B in assets, trading roughly 297.9K shares a day over the last three months. Size and volume matter mainly for how cheaply you can get in and out: a thinly traded fund costs more in spread than its expense ratio suggests.
Is FTEC right for me?
That depends on what the rest of your portfolio already holds, not on this fund's recent returns. Nothing on this page is a recommendation — check the issuer's prospectus and, if it matters to your taxes or retirement, a licensed adviser.
Disclaimer: This page is for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. ETF data is sourced from Yahoo Finance and public fund documents and may change — always verify current data on the issuer's official website before investing. All investments involve risk.
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