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Launched

Fidelity Disruptive Communications ETF

FDCFNasdaqF

$52.55−0.09 (−0.17%)

At close: Oct 13, 2026, 4:00 PM

F24/ 100

Rank 10 of 10 in Communication Services (Broad)

F24/100Rank 10 of 10inCommunication Services (Broad)
Intraday session: down, 28 prints from 52.65 to 52.55. Range 52.47 to 52.87. Use the arrow keys to read each point.52.5052.6052.7052.8010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$103M
1Y total return
+10.3%
Yield · Last 12 months
0.00%
Holdings
38
Avg volume · 30D
0M sh
NAV per share
$52.45
52W range
low $41.23high $53.00
Launched

The ETF.net FDCF Grade

F

Score 24 out of 100

Category
Communication Services (Broad)⁠
Rank
10 of 10
Six-pillar profile for FDCF. Scores out of 100: Cost 8, Risk 36, Mission 80, Tradability 16, Holdings 63, Durability 40. Strongest: Mission (80). Weakest: Cost (8). Leans toward Mission.

Score 24 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F8 out of 100
    Rank 10 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    Rank 2 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D36 out of 100
    Rank 10 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F16 out of 100
    Rank 10 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B63 out of 100
    Rank 4 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 7 of 10

Our read on FDCF

ETF.net Research

FMost communication services ETFs hand you the same megacap index. FDCF goes hunting instead: a global, roughly 40-stock portfolio of companies picked for disrupting how the world connects.

Stated mandate

The fund seeks long-term growth of capital and normally invests at least 80% of its assets in securities of disruptive communications companies.

Why people hold it

  1. 01The mandate is literal: at least 80% of assets in disruptive communications companies, held in a concentrated book of roughly 40 names.institutional.fidelity.com
  2. 02Global by charter, not a US-only sleeve, which widens the opportunity set beyond the domestic sector benchmarks that dominate this corner of the market.
  3. 03What's inside matches what's on the label: the holdings read like a communications-disruption fund, not a sector tracker wearing a theme sticker.
  4. 04Fidelity has run it since 2020, so the strategy has a multi-year record behind the pitch rather than a brand-new launch.

Worth knowing

  1. 01You pay for the stock picking: 0.50% a year, against 0.08% for plain index peers like XLC and FCOM and a 0.37% median across the group.
  2. 02About 40 holdings in a single theme means individual names carry real weight, and the ride can look nothing like a broad communication services index.
  3. 03Trades thinly and runs small next to the category's giants, so the quoted spread deserves a closer look than it would on a mega-fund.

FDCF Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
38
Top-10 weight
57%
Largest holding
META8.4%

Sectors

  • Communication50.9%
  • Technology36.2%
  • Consumer Discretionary9.1%
  • Industrials3.8%

Geography

  • United States79.01%
  • Taiwan8.15%
  • China3.66%
  • Canada2.88%
  • Singapore2.86%
  • Sweden2.70%
  • Netherlands0.75%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001METAMeta Platforms Inc Class A8.39%12,313$9M704
002GOOGLAlphabet Inc Class A7.93%23,782$8M709
003TSMTaiwan Semic Mfg Co Ltd Sp Adr7.60%17,680$8M277
004SPCXSpace Exploration Tech Corp A6.00%38,916$6M287
005NVDANVIDIA Corp5.89%27,108$6M847
006AAPLApple Inc5.16%16,160$5M715
007AMZNAmazon.com Inc5.09%20,451$5M736
008TWLOTwilio Inc Class A3.85%14,035$4M323
009—Cash Cf3.77%3,972,108$4M61
010RBLXRoblox Corp3.22%70,609$3M180
011APPApplovin Corp3.11%11,848$3M397
012ANETArista Networks Inc3.06%14,888$3M509
013FOXAFox Corp Class A3.02%51,066$3M300
014NETCloudflare Inc2.88%8,407$3M275
015SESea Ltd Adr2.79%30,922$3M137

Showing 1–15 of 38 holdings

FDCF Performance

Launched Apr 16, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
FDCF$11,030
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FDCF $11,030. SPY $12,044. Use the arrow keys to read each point.$8,428$10,378$12,328Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FDCF. Periods over one year show the average yearly return.
PeriodFDCF
Year to date+9.5%
1 month+3.6%
3 months+2.6%
1 year+10.3%
3 yearsper year+27.7%
5 yearsHistory unavailableper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FDCF
YearReturn barFDCF
2026 YTD+9.5%
2025+27.3%
2024+28.1%
2023+13.5%

History from Jun 15, 2023

FDCF in the news

Filtered to FDCF · Communication Services (Broad)

FDCF Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2025

One bar per payment. 2 payments from 2024 to 2025. Jun 21, 2024 $0.03; Jun 20, 2025 $0.02. Use the arrow keys to read each point.20242025
Ex-datePay dateAmount per share
Jun 20, 2025Jun 24, 2025$0.02
Jun 21, 2024Jun 25, 2024$0.03

FDCF Risk

How much the fund’s monthly returns vary, scaled to a year.
16.9%
Annualised · 36 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.27
vs 3-month T-bills · to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.6%
39 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.21
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FDCF Cost

Expense ratio0.50%
  • The middle half of Communication Services (Broad) funds
  • Median 0.35%

Every other Communication Services (Broad) fund charges less.

FDCF costs $50.00 a year on $10,000. The median Communication Services (Broad) fund costs $35.00.

Other funds in Communication Services (Broad)

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