33.30
+0.0974(+0.29%)
Currency In USD
Address
United States of America
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
June 12, 2023
FBOT aims for long-term capital growth by utilizing Fidelitys disruptive strategies which identify global automation companies perceived to disrupt market conditions or displace incumbents over time. These companies are those that, in the adviser's opinion, are engaged in designing and manufacturing automation, enabling technology, tools, or processes including robotics, AI, machine vision, process sensors, pneumatic systems, autonomous driving & electric vehicles, and 3D printing. The portfolio is constructed using a fundamental analysis of factors like financial, market, and economic conditions, and industry positions. FBOT converted from a mutual fund called Fidelity Disruptive Automation Fund to an actively managed ETF structure starting with $112 million in net assets.