FCOM: FIDELITY MSCI COMMUNICATION SERVICES INDEX ETF
What this ETF is trying to do
The Fidelity MSCI Communication Services Index ETF (ticker: FCOM) is an exchange-traded fund that focuses on companies in the communication services sector. While we only have a partial list of what is inside, its Top Holdings include large companies like Meta Platforms Inc Class A (23.57%), Alphabet Inc Class A (13.89%), and Alphabet Inc Class C (7.66%). Other companies in the portfolio include Verizon Communications Inc (4.37%) and The Walt Disney Co (4.34%). Please remember that holdings can change over time.
What the numbers show
As of October 9, 2026, the current price of FCOM is $71.89. An estimated price from roughly one year ago was about $69.84.
When looking at performance, it is important to understand two different numbers: price return (how much the share price changed) and total return (which includes both price changes and cash distributions).
• One-Year: The one-year price return was approximately 2.94%, while the one-year total return was higher at approximately 3.93%.
• Three-Year: The three-year price return was approximately 75.73%, and the three-year total return was approximately 80.93%.
• Year-to-Date (YTD): So far this year, the YTD price return is -1.90% and the YTD total return is -1.16%.
Income and distribution explanation
Some investors look for cash payments, known as distributions. FCOM has a distribution yield of approximately 0.95%. Over the last 12 months, the trailing distributions were $0.68 per share. These payments usually happen quarterly. It is important to remember that a distribution yield tells you how much cash was paid out, but it is not the same thing as your total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value, which is the actual value of the assets held by the ETF. StockValueFinder uses an erosion-risk score to measure this risk. FCOM has an erosion score of 94, which is labeled as "Stable / sideways" with a "good" severity level. There is no severe erosion-risk flag for this ETF.
Pros
• The ETF has shown strong long-term growth, with a three-year total return of approximately 80.93%.
• The erosion-risk score suggests the fund's value has been relatively stable.
Cons
• The year-to-date performance for both price and total returns has been negative.
• A large portion of the portfolio is held in a single company (Meta Platforms Inc Class A).
Beginner takeaway
When studying an ETF like FCOM, always look at both the price return and the total return. The total return gives you a better picture because it includes the cash distributions paid to you. Also, while high yields can provide income, they do not guarantee that the share price will stay the same.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | META PLATFORMS INC CLASS A | META | 25.61% |
| 2 | ALPHABET INC CLASS A | GOOGL | 14.06% |
| 3 | ALPHABET INC CLASS C | GOOG | 7.76% |
| 4 | THE WALT DISNEY CO | DIS | 4.29% |
| 5 | AT&T INC | T | 4.15% |
| 6 | VERIZON COMMUNICATIONS INC | VZ | 4.06% |
| 7 | NETFLIX INC | NFLX | 3.79% |
| 8 | n/a | SPCX | 2.97% |
| 9 | n/a | WBD | 2.84% |
| 10 | T-MOBILE US INC | TMUS | 2.52% |