Fidelity Digital Health ETF (FDHT)

Overview

The fund is meticulously constructed to channel investments primarily into the securities that are integral components of a specific index. This index meticulously captures the essence of a global diversity of companies dedicated to revolutionizing the healthcare sector through technology. From managing healthcare records to pioneering in surgical robotics and enhancing connected healthcare devices, this index serves as a barometer for the advancement and financial performance of entities at the forefront of healthcare innovation. Depositary receipts, serving as proxies for the actual securities in the index, also constitute a significant portion of the fund's investment strategy. Emphasizing a concentration strategy rather than diversification, the fund commits at least 80% of its assets to investments directly associated with or representative of the securities in the index, underscoring its focused approach in the rapidly evolving tech-driven healthcare landscape.

Products and Services

• Healthcare Records Management

  This service underlines the importance of efficiently managing patient records, utilizing sophisticated technology to ensure that healthcare information is accessible, accurate, and secure. By investing in companies that provide these critical services, the fund supports the backbone of patient care and medical data integrity.

• Connected Healthcare Devices

  Investments in this area focus on the proliferation of devices that enhance patient care through connectivity. These devices, ranging from wearable health monitors to sophisticated diagnostic tools, are designed to facilitate real-time health tracking, data gathering, and patient-physician communication, thus elevating the standard of care and patient outcomes.

• Surgical Robotics

  This segment captures the fund's interest in the futuristic and rapidly growing field of robotic-assisted surgery. By backing companies that develop these robots, the fund is investing in the precision, efficiency, and decreased recovery times these technologies bring to surgical procedures, revolutionizing the operating room.

• Telemedicine

  The fund recognizes the transformative power of telemedicine, which breaks down geographical barriers to healthcare, making medical consultation and care accessible from anywhere. Investment in this sector supports the expansion of remote medical services, catering to underserved populations and enhancing the versatility of healthcare delivery.

• Technology-Enabled Healthcare Products and Services

  This broad category encompasses a variety of innovations designed to advance healthcare delivery and patient care. From apps that improve patient engagement and adherence to treatment plans to software that optimizes hospital operations and patient flow, the fund invests in a wide spectrum of companies driving technological advancements in healthcare.