FDCF ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
The Fidelity Disruptive Communications ETF (FDCF) actively invests in innovative companies poised to reshape the communications and media industries, making it an option worth considering for investors interested in finding related stocks and in the outlook for growth-theme investing.
SubscribeWhat Is the Fidelity Disruptive Communications ETF?
This is an actively managed thematic ETF in which the portfolio managers directly identify and hold innovative companies with the potential to displace the existing communications and media industries. It covers a broad range, from semiconductor and software companies to platform companies.
It suits growth-oriented investors who want to bet on structural change in the communications and media industries.
It is an ETF run by Fidelity using an active management approach.
How Does the Fidelity Disruptive Communications ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | Actively managed relative to a benchmark |
| Management Style | Active (thematic stock selection) |
| Rebalancing Frequency | At the managers' discretion |
| Dividend Frequency | Irregular distributions |
| Total Expense Ratio | 0.50% |
The portfolio managers build the portfolio by selecting innovative companies that replace traditional communications methods or create new ways of delivering them. The fund holds a broad mix across the entire communications value chain, including semiconductor, cloud infrastructure and platform companies.
- Active stock selection approach
- Wide investment scope spanning the entire communications value chain
Fidelity Disruptive Communications ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $100.4M, and the total expense ratio is 0.50% per year.
Compared with ETFs in the same category, it stands out for its active management approach and its concentrated focus on the communications and media theme.
Fidelity Disruptive Communications ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeWith a high weighting in Big Tech and semiconductor-related stocks, the fund has shown sizable volatility that moves with the cycles of those industries. As is typical of thematic ETFs, its price swings can be larger than those of the broader market.
As an actively managed thematic ETF, it belongs to a relatively small category, and fund flows tend to depend on investor interest in the communications and media innovation theme.
Fidelity Disruptive Communications ETF Pros and Cons
Its strength is the ability to select innovative companies through active management, while its weaknesses are the volatility that comes with thematic concentration and a relatively high expense ratio.
💪 Key Strengths
⚠️ Points to Watch
Fidelity Disruptive Communications ETF Alternative ETFs and Related Products
Large growth-focused active and thematic ETFs such as GRNY and MAGS, which also appear in the table, offer similar growth stock exposure, while innovation theme ETFs such as ARKG share a similar management philosophy. Sector rotation strategy products such as XLSR and SSUS take a different approach. If you want more direct access to the communications and media sector, XLC, a communication services sector ETF, is an option, and given the portfolio's heavy semiconductor weighting, semiconductor ETFs such as SMH can also be worth comparing.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 MAGS | Roundhill Magnificent Seven ETF | $70.07 | -0.5% | $5.6B | 0.30% | 1.39% | +7.2% |
 GRNY | Fundstrat Granny Shots US Large Cap ETF | $26.90 | -0.3% | $4.3B | 0.75% | 0.13% | +6.0% |
 ARKG | ARK Genomic Revolution ETF | $48.16 | +0.6% | $2.0B | 0.75% | - | +53.5% |
 XLSR | State Street US Sector Rotation ETF | $65.84 | -0.6% | $1.1B | 0.70% | 0.41% | +8.8% |
 SSUS | Day Hagan Smart Sector ETF | $56.01 | -0.4% | $604.2M | 0.76% | 0.45% | +15.2% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| TSM | Taiwan Semiconductor Manufacturing ADR | 0.21% | $418.51 | +1.5% | $2.17T | 26.9 | 0.99% |
| GOOG | Alphabet Inc | 0.09% | $317.28 | -1.1% | $3.90T | 15.9 | 0.26% |
| GOOGL | Alphabet Inc | 0.08% | $320.21 | -1.2% | $3.90T | 16.1 | 0.25% |
| META | Meta Platforms Inc | 0.13% | $642.62 | -1.0% | $1.64T | 21.9 | 0.29% |
| NVDA | NVIDIA Corp | 0.11% | $210.96 | -0.6% | $5.08T | 26.7 | 0.37% |
| ANET | Arista Networks Inc | 0.06% | $172.37 | +0.8% | $217.4B | 54.3 | - |
| AMZN | Amazon.com Inc | 0.05% | $248.00 | -0.9% | $2.68T | 19.9 | - |
Fidelity Disruptive Communications ETF Investor Checkpoints
Here are the points to review before investing in FDCF. Given the nature of an active thematic ETF, you should check in advance the costs, the volatility, and the liquidity that comes with a small category.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the level of active management fees | Higher than passive funds |
| 📊 Theme Concentration | Check the weighting of communications, media and semiconductors | High growth stock weighting |
| 💧 Liquidity | Check trading volume, given its small category | Limited liquidity |
| 🔄 Manager Strategy | Check for changes in active selection criteria | Discretionary management maintained |
With a high weighting in growth and tech stocks, the fund is highly volatile in response to changes in interest rates and industry conditions, and investors should also consider liquidity risk from its small category and the expense burden of active management.
It suits investors who want to actively bet on structural change in the communications and media industries, and those who prioritize stability are advised to review it alongside large passive ETFs.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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