FPRO ETF ANALYSIS

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FPRO ETF FUNDAMENTALS
FPRO ETF PERFORMANCE

FPRO ISSUER

The FPRO issuer, a part of the Fidelity Group of Funds, offers an actively managed ETF with a unique operational approach governed by an exemptive order from the Securities and Exchange Commission. Unlike traditional ETFs, FPRO is not obligated to disclose its complete portfolio holdings daily. Instead, it provides a Tracking Basket on its website, composed of recently disclosed portfolio holdings, representative ETFs, and cash equivalents. This Tracking Basket closely mirrors the fund's performance but is not its actual portfolio. Furthermore, the issuer discloses the Tracking Basket Weight Overlap daily, offering investors insight into the similarity between the Tracking Basket and the fund's actual holdings. FPRO typically focuses on equity securities and directs at least 80% of its assets towards companies primarily engaged in the real estate industry and related investments, both domestically and internationally. Employing fundamental analysis, the issuer evaluates factors such as financial condition, industry position, and market dynamics to inform its investment decisions.

FPRO DIVIDEND

FPRO Dividend, a component of the Fidelity Group of Funds, presents investors with an opportunity to participate in dividend-focused strategies through an actively managed ETF structure. Operating under an exemptive order from the Securities and Exchange Commission, FPRO Dividend does not necessitate daily disclosure of its entire portfolio holdings but instead offers a Tracking Basket on its website, which closely mirrors the fund's performance. This basket consists of recently disclosed portfolio holdings, representative ETFs, and cash equivalents. Moreover, FPRO Dividend publishes the Tracking Basket Weight Overlap daily, providing investors with insights into the correlation between the Tracking Basket and the actual portfolio holdings. Primarily concentrating on equity securities, the fund aims to allocate at least 80% of its assets to companies principally engaged in the real estate industry and related investments across domestic and foreign markets. Employing fundamental analysis, FPRO Dividend evaluates various factors including financial health, industry positioning, and prevailing market conditions to guide its investment selections, thereby offering investors potential for dividend growth and income generation.

FPRO TRACKING

FPRO Tracking, a constituent of the Fidelity Group of Funds, offers investors an actively managed ETF experience with a distinctive operational approach. Operating under an exemptive order from the Securities and Exchange Commission, FPRO Tracking doesn't mandate daily disclosure of its complete portfolio holdings. Instead, it provides a Tracking Basket on its website, comprising recently disclosed portfolio holdings, representative ETFs, and cash equivalents. This Tracking Basket is designed to closely mimic the fund's performance, serving as a transparent indicator for investors. Additionally, FPRO Tracking publishes the Tracking Basket Weight Overlap daily, enabling investors to gauge the correlation between the Tracking Basket and the actual portfolio holdings. With a primary focus on equity securities, the fund typically allocates at least 80% of its assets to companies predominantly involved in the real estate industry and related investments, both domestically and internationally. Leveraging fundamental analysis, FPRO Tracking evaluates factors such as financial stability, industry positioning, and prevailing market conditions to inform its investment decisions, providing investors with potential for capital appreciation and portfolio diversification.

FPRO CORRELATION

FPRO Correlation, a segment within the Fidelity Group of Funds, introduces investors to an actively managed ETF strategy with a unique operational framework. Benefiting from an exemptive order from the Securities and Exchange Commission, FPRO Correlation deviates from the requirement of daily disclosure of its entire portfolio holdings. Instead, it offers a Tracking Basket on its website, containing recently disclosed portfolio holdings, representative ETFs, and cash equivalents. This Tracking Basket aims to closely mirror the fund's performance while maintaining transparency for investors. Additionally, FPRO Correlation publishes the Tracking Basket Weight Overlap daily, enabling investors to assess the correlation between the Tracking Basket and the actual portfolio holdings. With a primary emphasis on equity securities, the fund typically allocates at least 80% of its assets to companies primarily engaged in the real estate industry and related investments, across domestic and foreign markets. Utilizing fundamental analysis, FPRO Correlation evaluates factors such as financial health, industry positioning, and prevailing market conditions to guide its investment decisions, offering investors potential for portfolio diversification and risk management.

FPRO SECTOR

FPRO Sector, a segment within the Fidelity Group of Funds, presents investors with an actively managed ETF strategy tailored to sector-specific investments. Operating under an exemptive order from the Securities and Exchange Commission, FPRO Sector diverges from the conventional practice of daily portfolio disclosure. Instead, it furnishes a Tracking Basket on its website, comprising recently disclosed portfolio holdings, representative ETFs, and cash equivalents. This Tracking Basket is meticulously designed to mirror the fund's performance, ensuring transparency for investors. Moreover, FPRO Sector publishes the Tracking Basket Weight Overlap daily, facilitating investors in gauging the correlation between the Tracking Basket and the actual portfolio holdings. With a keen focus on equity securities, the fund typically directs at least 80% of its assets towards companies operating within specific sectors, catering to both domestic and international markets. Employing fundamental analysis, FPRO Sector evaluates factors such as financial stability, industry dynamics, and market trends to drive its investment decisions, thereby offering investors potential for targeted exposure and sector-specific returns.

FPRO EXPOSURE

FPRO Exposure, a division within the Fidelity Group of Funds, introduces investors to an actively managed ETF strategy tailored to specific market exposures. Operating under an exemptive order from the Securities and Exchange Commission, FPRO Exposure deviates from the conventional practice of daily portfolio disclosure. Instead, it provides a Tracking Basket on its website, incorporating recently disclosed portfolio holdings, representative ETFs, and cash equivalents. This Tracking Basket is meticulously crafted to replicate the fund's performance, ensuring transparency for investors. Additionally, FPRO Exposure publishes the Tracking Basket Weight Overlap daily, allowing investors to assess the correlation between the Tracking Basket and the actual portfolio holdings. With a primary focus on equity securities, the fund typically allocates at least 80% of its assets to companies providing exposure to specific markets, both domestic and international. Leveraging fundamental analysis, FPRO Exposure evaluates factors such as market trends, industry dynamics, and economic conditions to inform its investment decisions, providing investors with potential for targeted exposure and tailored investment outcomes.

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FREQUENTLY ASKED QUESTIONS

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