FDCF ETF — Fidelity Disruptive Communications ETF

Fidelity Disruptive Communications ETF (FDCF)

Updated October 16, 2026.

FDCF is an ETF. its distribution rate is 0.03%, its expense ratio is 0.50%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 98.4% over the past 3.3 years, 14.6 points ahead of SPY at 83.8%.

Fidelity Disruptive Communications ETF is an equity fund that invests at least 80% of assets in companies developing innovative and unconventional approaches to communications that could displace established competitors. The fund carries a very low distribution rate and makes annual distributions, with an expense ratio of 0.50%. It appeals to growth-oriented investors seeking exposure to disruptive business models in the communications sector rather than traditional income generation.

FDCF performance versus SPY

Price and return data through 2026-10-16.

Total return is 98.4% over the past 3.3 years, 14.6 points ahead of SPY at 83.8%. Over the past year its total return — price change plus distributions reinvested — is 5.2%. Its deepest 1-year drawdown was 17.3%.

FDCF key facts

Distribution Safety Score™

50 · Unproven

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

04/16/2020

Expense ratio

0.50%

Distribution rate

0.03%

Distribution frequency

Annual

Last close

$50.34 (as of 2026-10-16)

AUM

$104,613,417

Average volume

5802.0

Dividend

$0.016

Ex-dividend date

06/20/2025

Payment date

06/24/2025

Beta

1.18

How Dividend Vision calculates yield and returns

Distribution rate (0.03%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FDCF risks and drawbacks

FDCF's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 17.3%.

Who may consider FDCF — and who may not

It is a weaker fit for investors who need monthly cash flow (FDCF pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on FDCF

• All tickers starting with F

Frequently asked questions

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