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About Fidelity Blue Chip Growth ETF
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Inception date
Jun 3, 2020
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
FBCG is part of Fidelitys first non-transparent ETFs which discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global large-caps and midcaps that the fund adviser believes have above-average growth potential based on their fundamental. These holdings are represented in the Tracking Basket as a proxy portfolio published on its website daily which correlates to the funds holdings, and disclose its weight overlap which represents return deviation relative to the actual fund. Although its not the actual portfolio, the basket contains some of the funds recently disclosed holdings, other liquid ETFs, and cash-like instruments. This basket is formed using the funds own optimization process to enable arbitrage opportunities and minimize return deviation between the basket and the actual fund. Still investors should take into account greater price disparity during volatile markets due to its non-transparent nature.
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Retail Trade
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.