Fidelity To Begin Trading The Fidelity MSCI Health Care Index ETF (NYSEArca:FHLC)

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October 23, 2013 1:56pm FUND LAUNCH NYSE:FHLC

newetf1Fidelity has announced that they will begin trading the Fidelity MSCI Health Care Index ETF (NYSEArca:FHLC) Thursday, October 24, 2013. The fund seeks to provide investment returns that correspond, before fees and

expenses, generally to the performance of the MSCI USA IMI Health Care Index.

Total annual operating expenses: 0.12%

Principal Investment Strategies

Investing at least 80% of assets in securities included in the fund’s underlying index. The fund’s underlying index is the MSCI USA IMI Health Care Index, which represents the performance of the health care sector in the U.S. equity market.

Using a representative sampling indexing strategy to manage the fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability and yield) and liquidity measures similar to those of the index. The fund may or may not hold all of the securities in the MSCI USA IMI Health Care Index.

You can find the Summary prospectus: HERE

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