Symbols

FUTY

Fidelity MSCI Utilities Index ETF·NYSE

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Key Stats

Assets Under Management

2.17BUSD

Fund Flows (1Y)

283.36MUSD

Dividend Yield

2.65%

Discount/Premium to NAV

0.06%

Shares Outstanding

39.00M

Expense Ratio

0.08%

About Fidelity MSCI Utilities Index ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

https://institutional.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=FUTY

Inception Date

Oct 21, 2013

Structure

Open-Ended Fund

Index Tracked

MSCI USA IMI Utilities Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

FMR Co., Inc.

Distributor

Fidelity Distributors Corp.

FUTY is part of Fidelity's suite of sector funds, and fits into the US utilities space. FUTY is a direct competitor to Vanguard's VPU, which offers nearly identical exposure as they both track very similar indices. FUTY is fairly easy to trade, with modest spreads and sizeable volume. The Index's methodology applies certain investment limits for RICs under the current US Internal Revenue Code to help ensure diversification, one of which stipulates that: At the end of each quarter of its tax year no more than 25% of the value of the RIC's assets may be invested in a single issuer and the sum of the weights of all issuers representing more than 5% of the fund should not exceed 50% of the fund's total assets. Prior to December 1, 2020, the fund tracked the MSCI USA IMI Utilities Index.