Fidelity Disruptors ETF (FDIF) Educational Report

The Fidelity Disruptors ETF (FDIF) is designed to provide exposure to companies that are changing the way the world works. Based on the data, it is a growth-oriented fund that has shown strong price increases over the last three years, though it provides a very low amount of cash income.

What this ETF is trying to do

FDIF acts as a "fund of funds." Instead of buying individual stocks, it invests in other specialized ETFs. Its goal is to capture growth across several "disruptive" sectors. As of October 12, 2026, its portfolio consists of five other Fidelity ETFs:

• Fidelity Disruptive Technology ETF (FDTX): 24.18%

• Fidelity Disruptive Communications ETF (FDCF): 20.63%

• Fidelity Disruptive Automation ETF (FBOT): 19.78%

• Fidelity Disruptive Medicine ETF (FMED): 19.10%

• Fidelity Disruptive Finance ETF (FDFF): 16.20%

What the numbers show

The share price of FDIF is $42.37. The fund has seen positive growth across several timeframes:

• Year-to-Date: The price return is 18.34%, and the total return is 18.55%.

• One Year: The price return is 17.13%, and the total return is 17.45%.

• Three Years: The price return is 85.36%, and the total return is 87.10%.

The "price return" measures only the change in the share price. The "total return" includes both the price change and the cash distributions paid to investors.

Income and distribution explanation

FDIF is not designed for high income. It has a distribution yield of 0.24%, which is very low. It usually pays distributions quarterly, with four payments made in the last 12 months. For investors, this means the fund focuses more on increasing the share price than on providing regular cash payments.

NAV erosion explanation

NAV erosion happens when the actual value of the fund's underlying assets drops over time. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, looking at price-based evidence, the erosion score is 100, and the label states "No price erosion detected." The severe erosion-risk flag is also false.

Pros

• Strong Growth: The fund has shown significant price increases over the last three years.

• Diversified Themes: It covers five different disruptive sectors (Tech, Communications, Automation, Medicine, and Finance).

• Positive Momentum: Both short-term (YTD) and long-term (3-year) returns are positive.

Cons

• Low Income: The distribution yield is very low, making it less attractive for those who need cash flow.

• Sector Risk: Because it focuses on "disruptive" companies, it may be more volatile than a general market fund.

Beginner takeaway

FDIF is a growth-focused ETF that invests in other disruptive-themed funds. While it provides very little income, it has seen strong price growth over the last few years. Investors should remember that a high total return driven by price increases is different from a high distribution yield.