Fidelity’s FDIF offers one fund exposure to five disruptive ETFs

Fidelity Investments’ Disruptors ETF (FDIF) is a fund-of-funds that holds five actively managed Fidelity ETFs focused on technology, automation, communications, medicine and finance. FDIF provides pooled exposure to companies involved in cloud computing, semiconductors, artificial intelligence, social media, genomics and fintech rather than holding individual stocks.

The underlying funds are the Fidelity Disruptive Technology ETF (FDTX), which targets cloud computing, semiconductors and software; the Fidelity Disruptive Automation ETF (FBOT), focused on robotics, AI and autonomous systems; the Fidelity Disruptive Communications ETF (FDCF), covering social media and next-generation internet companies; the Fidelity Disruptive Medicine ETF (FMED), investing in genomic sequencing and robotic surgery; and the Fidelity Disruptive Finance ETF (FDFF), which targets digital payments, blockchain and fintech innovation.

The fund has an expense ratio of 0.50%. Portfolio managers can change allocations among the five underlying ETFs and FDIF rebalances across them. The fund’s structure concentrates decisions at the fund level while relying on active managers of the component ETFs.

Fidelity positions FDIF as a way to access multiple innovation themes in a single product in a market environment it describes as marked by persistent inflation, rapid AI adoption and shifting geopolitical supply chains. The fund’s multi-fund, actively managed approach differs from passive or single-sector ETFs.