If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the Fidelity MSCI Industrials Index ETF (FIDU), a passively managed exchange traded fund launched on October 21, 2013.
The Fidelity MSCI Industrials Index ETF ( NYSEARCA :FIDU ) is a low-cost ETF that gets you exposure to some of the premier industrial and defense stocks in the market.
Except for transportation, industrial subsectors are significantly overvalued, though building/equipment quality partly justifies the premium. The Fidelity MSCI Industrials Index ETF offers broad industrials exposure with 365 holdings and closely tracks XLI in long-term returns and volatility. Seven stocks cheaper than their peers in April.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 2,949 | $255,147 | $282,042.36 | $26,895.36 | 10.54% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,547 | $126,402.76 | $146,879.91 | $20,477.15 | 16.2% |
| HT Hannah Tackett Penobscot Wealth Management | 37,991 | $2.74M | $3.65M | $902,585.06 | 32.89% |
Kurt Van Dyken Lifeworks Advisors LLC | 112,300 | $8.22M | $10.71M | $2.49M | 30.25% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 5,648 | $455,271.31 | $541,163.12 | $85,891.81 | 18.87% |
| ARCA Exchange | US Country |
The fund is an investment vehicle that dedicates a minimum of 80% of its assets to securities listed in its underlying index, focusing on delivering performance reflective of the industrial sector within the U.S. equity market. By aiming to mirror the composition and performance of the MSCI USA IMI Industrials 25/25 Index, the fund positions itself as a targeted investment option for those looking to gain exposure to the industrial segment of the stock market. This commitment to closely follow the index may involve holding all or a substantial portion of the securities that comprise the MSCI USA IMI Industrials 25/25 Index, though it retains the flexibility to adjust its holdings based on strategic investment decisions.
The primary service offered by the fund involves investing in securities that are part of the MSCI USA IMI Industrials 25/25 Index. This includes a variety of stocks within the industrial sector, providing investors with a focused avenue for exposure to this segment of the economy. The selection of securities aims to replicate the performance of the industrial sector as captured by the underlying index, offering a disciplined and sector-specific investment approach.
The fund employs a replication strategy to achieve its investment objective, aiming to mirror the performance of its underlying index, the MSCI USA IMI Industrials 25/25. By aligning its holdings with those of the index, the fund seeks to provide returns that closely match the industrial sector's performance within the U.S. equity market. This strategic focus on index replication allows for a transparent and predictable investment process, catering to investors who value sector-specific exposure combined with the performance characteristics of a broader market index.