Investment objective & strategy
As of Jan. 26, 2026 · prospectusObjective. Fidelity Nasdaq Composite Index ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index .
Strategy. Using statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire index. Normally investing at least 80% of assets in securities included in the Nasdaq Composite Index. The Nasdaq Composite Index is a widely recognized, market capitalization-weighted index that is designed to represent the performance of Nasdaq securities and includes approximately 3,000 stocks. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's … Using statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the index that have a similar investment profile to the entire index. Normally investing at least 80% of assets in securities included in the Nasdaq Composite Index. The Nasdaq Composite Index is a widely recognized, market capitalization-weighted index that is designed to represent the performance of Nasdaq securities and includes approximately 3,000 stocks. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Lending securities to earn income for the fund. The fund may operate as a non-diversified fund, as defined under the Investment Company Act of 1940 (1940 Act), to the approximate extent the index is non-diversified. The fund may therefore operate as non-diversified solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the index.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $1.01B | 11.17% |
| APPLE INC | — | $912.56M | 10.12% |
| MICROSOFT CORP | — | $682.40M | 7.57% |
| AMAZON.COM INC | — | $524.86M | 5.82% |
| ALPHABET INC CL A | — | $424.55M | 4.71% |
| Fidelity Securities Lending Cash Central Fund | — | $408.48M | 4.53% |
| ALPHABET INC CL C | — | $394.16M | 4.37% |
| TESLA INC | — | $353.32M | 3.92% |
| BROADCOM INC | — | $352.67M | 3.91% |
| META PLATFORMS INC CL A | — | $329.89M | 3.66% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Nasdaq Composite Index Fund · FNCMX | 97% | 0.29% |
| NEOS Boosted Nasdaq-100(R) High Income ETF | 70% | — |
| STF Tactical Growth ETF · TUG | 70% | 0.65% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
| Geode Capital Management, LLC | Sub-adviser |
Footnotes
- Expense ratio as of January 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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