- What does FTEKX invest in?
- This fund's primary objective is to achieve substantial long-term growth for investors' capital. To accomplish this, it typically commits at least 80% of its total assets to companies pioneering disruptive technologies. The portfolio is predominantly composed of equity securities, meaning investments in company stocks. These are firms that, in the judgment of the Adviser, are at the forefront of innovation across various fields. This encompasses areas such as advanced data analytics (big data), artificial intelligence and machine learning, cloud computing and Software as a Service (SaaS), cybersecurity, e-commerce and consumer digital platforms, ride-sharing services, and next-generation hardware. The fund is not confined to specific industries; it has the flexibility to invest in companies operating within any economic sector as it pursues this theme. Finally, as a non-diversified fund, it may concentrate its holdings in a smaller number of investments.
- What is the expense ratio of FTEKX?
- An expense ratio for Fidelity Disruptive Technology Fund (FTEKX) 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 FTEKX?
- Fidelity Disruptive Technology Fund (FTEKX) manages $101.2M 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 FTEKX actively managed or an index fund?
- FTEKX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was FTEKX launched?
- Fidelity Disruptive Technology Fund (FTEKX) launched in April 2020 and is managed by Fidelity.
- How has FTEKX performed?
- FTEKX'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.
