ONEQ

The Fidelity Nasdaq Composite Index ETF (ONEQ) provides exposure to U.S. equities that are constituents of the Nasdaq Composite Index, covering a broad range of large‑cap and mid‑cap companies with a strong tilt toward technology and other growth‑oriented sectors. The fund is passively managed and seeks to track the index’s total return by using a statistical sampling approach that holds a representative subset of the roughly 1,000 stocks, investing at least 80% of assets in common equities. Its holdings are overwhelmingly domestic, reflecting the U.S. focus of the underlying index, and it includes leading innovators in areas such as semiconductors, software, e‑commerce and consumer discretionary. ONEQ may suit investors who want broad, low‑maintenance exposure to the growth side of the U.S. stock market and who are comfortable with the inherent volatility of a technology‑heavy allocation.