At Fidelity, an investor can invest in over 990 different ETFs, but there is only one Fidelity ETF. This is the Fidelity NASDAQ Composite Index Trading Stock (ONEQ). Like all index investments, this one attempts to mirror the NASDAQ Composite Index by placing 80% of the fund’s total assets in common stock that is traded on the Nasdaq. At the present time, 100% of the fund’s assets are invested in this common stock.
There are 2027 different stocks in this fund’s holdings with the top 10 equaling 34.24%. These top 10 are Microsoft, Apple, Cisco, Google, Oracle, Intel, Qualcomm, Amazon, Amgen, and Teva Pharmaceuticals. Historically and currently, the main focus is in the information technology sector with over 50% of the investments being held. 92.41% are domestic stocks with 7.61% being of foreign origin. The annual turnover rate is at 7%.
As of March 31, 2010 the average annual return of one year was 58.03% with a YTD return of 5.86%.
The fund manager is the Geode Capital Management Group which started managing this fund in September of 2003 on its inception date. The annual return since this time has been 4.88%.
The volatility measures of this fund on March 31, 2010 were a Beta at 1.10, the R squared at 0.91, and the standard deviation at 23.54. The expense ratio of this fund is currently at 0.30%. The average daily trading volume is at 17k.
For ETF investing purposes, a single share is hovering just under $100.
The Fidelity ETF (ONEQ) is a high risk-high return large growth type investment that has 4 stars with Morningstar.
For additional resources about ETF on this website, please view Vanguard ETF.
If you would like other investing news from Vanguards, then please try Fidelity Small Cap Value Fund (FCPVX) on our sister site mutualfundexplorer.com or Vanguard REIT Mutual Funds on bestmutualfundsnow.com for other investing news.
We strive to bring you the latest and most accurate data possible from the home sites of the investment institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
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