Fidelity Disruptive Finance Fund

Frequently Asked Questions About FNTEX

What does FNTEX invest in?

The Fidelity Disruptive Finance Fund generally allocates a minimum of 80% of its total assets to investments in companies that are innovating within the financial sector. Its primary investment focus is on equity securities. The Adviser defines "disruptive financial" firms as those that leverage digital advancements to provide financial services that are more economical, streamlined, and personalized for consumers. This category includes, but is not limited to, businesses involved in areas such as digital payment systems, financial data processing, internet-based banks, and new models for lending and insurance. It should be noted that this fund operates on a non-diversified basis.

What is the expense ratio of FNTEX?

An expense ratio for Fidelity Disruptive Finance Fund (FNTEX) 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 FNTEX?

Fidelity Disruptive Finance Fund (FNTEX) manages $40.9M 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 FNTEX actively managed or an index fund?

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

When was FNTEX launched?

Fidelity Disruptive Finance Fund (FNTEX) launched in April 2020 and is managed by Fidelity.

How has FNTEX performed?

FNTEX'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.