Fidelity MSCI Information Technology Index ETF

Fidelity MSCI Information Technology Index ETF (FTEC) tracks the MSCI USA IMI Information Technology 25/50 Index of US tech stocks, led by NVIDIA, Apple and Microsoft. Its 0.084% annual expense ratio, per its November 2025 prospectus, is well below the 0.36% average of similar funds and slightly under Vanguard Information Technology ETF (VGT) at 0.09%. The trade-off is concentration: as of July 31, 2026, its top 10 holdings made up 62% of assets.

• Over the year to Nov 2, 2026, FTEC returned +15.4%, 8th of 9 among similar funds.
• Its 5-year annualized return was +16.8% and its 10-year +23.5%.
• In the 2020 COVID crash it fell 31.9% and regained its old high 2.5 months after the low.
• Its worst full calendar year was 2022 (-29.6%); its best was 2023 (+53.3%).
• The deepest fall in its price history was 35% (Dec 27, 2021 to Oct 14, 2022), recovered by Nov 20, 2023.

As of Jul 31, 2026, the fund held 281 securities; the ten largest made up 62.24% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $226.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +17.41%, -1.08%, -5.47%.

FTEC is an index fund. Instead of picking stocks, it aims to match the performance of the MSCI USA IMI Information Technology 25/50 Index, before fees. That index covers US companies in the information technology sector under GICS, a standard system for sorting companies by industry. The sector spans software and IT services, hardware such as computers and communications equipment, and semiconductors and chipmaking equipment.

The fund uses representative sampling, so it may not own every stock in the index. Instead it holds a selection that, taken together, resembles the index in company size, industry mix, return swings, yield and ease of trading. At least 80% of assets must be in index securities. Effective December 11, 2025, derivatives (contracts priced off other assets) that give similar exposure also count toward that 80%. As of July 31, 2026, stocks were 99.8% of assets and cash was 0.17%, with a sliver in stock index futures.

On that date, NVIDIA was 17.09% of assets, Apple 16.21% and Microsoft 10.93%. The “25/50” in the index name refers to caps on how much one company, and the biggest companies combined, can weigh. The fund is classified as non-diversified, so it can concentrate in fewer companies than a diversified fund. Turnover, the share of the portfolio replaced in a year, was a low 9%, per the November 2025 prospectus.

• FTEC charges 0.084% a year, versus an average of 0.36% for the similar funds below (2nd of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $9 in the first year and $108 over 10 years (assuming a 5% annual return).

It holds a single sector led by NVIDIA, Apple and Microsoft, and it fell 31.9% in the 2020 COVID crash and 34.3% in the 2022 bear market, so it works as a smaller, higher-risk slice rather than a foundation.

FTEC offers low-cost exposure to US technology stocks: 0.084% a year in fees, or about $108 in costs over 10 years on $10,000 in the SEC's standard example. The trade-off is deep drops. The fund launched in October 2013, so it has no record from the 2008 crisis. It fell 31.9% in the 2020 COVID crash and was back to its prior high by June 8, 2020. It lost 34.3% in the 2022 bear market, and 2022 was its worst calendar year, a 29.57% loss. Its deepest drop, 35%, bottomed on October 14, 2022, and took about 13 months to recover, on November 20, 2023. Selling shares or drawing income during a slump like that would lock in losses.

Income is small: the trailing 12-month yield was 0.38% as of October 29, 2026, paid quarterly. Past results don't predict future returns, and any plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.

Compared head to head: FTEC vs VGT · all comparisons →