Fidelity Disruptive Communications Fund

Frequently Asked Questions About FNETX

What does FNETX invest in?

This fund typically allocates a minimum of 80% of its portfolio to companies at the forefront of disruptive communication technologies. Its primary investments are in common stocks. According to the Adviser's discretion, the category of "disruptive communications" encompasses, but is not limited to, businesses involved in social media, advanced digital infrastructure, and networked devices (such as 5G connectivity and cloud-based networking). The fund is categorized as non-diversified.

What is the expense ratio of FNETX?

An expense ratio for Fidelity Disruptive Communications Fund (FNETX) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is FNETX?

Fidelity Disruptive Communications Fund (FNETX) manages $38.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FNETX actively managed or an index fund?

FNETX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FNETX launched?

Fidelity Disruptive Communications Fund (FNETX) launched in April 2020 and is managed by Fidelity.

How has FNETX performed?

FNETX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.