One ETF to access disruptive communications firms

Fidelity’s Disruptive Communications ETF (ticker: FDCF) seeks companies that develop hardware, digital infrastructure, consumer platforms and next-generation media and telecom. The fund is actively managed and does not follow a traditional benchmark.

Portfolio holdings include Taiwan Semiconductor Manufacturing Co. and NVIDIA. Those companies supply processors and chip logic used in cloud computing, artificial intelligence workloads and edge devices.

FDCF also holds Arista Networks to gain exposure to cloud networking architecture used to route large data flows in hyperscale data centers and service-provider networks.

Platform holdings include Google and Meta, and the fund has positions in Amazon. These companies provide digital content distribution, online advertising and cloud services.

The portfolio contains media and telecom companies such as Warner Bros. Discovery, Roku Inc. and T-Mobile US, reflecting allocations to content distribution, streaming technology and wireless connectivity.

Fund managers combine fundamental analysis and quantitative methods and mix growth and value approaches when selecting stocks. Operating without index constraints allows managers to concentrate assets in particular segments of the communications value chain and to change allocations as market and technology conditions evolve.

The ETF trades under the ticker FDCF. Materials describing the fund were authored by VettaFi LLC; Fidelity Investments is a separate company from VettaFi.