Fidelity Investments: Exchange Traded Mutual Funds

Similar to index funds, most exchange-traded funds (ETFs) are a group of securities designed to replicate the performance of a broad market index (like the S&P 500^® or Nasdaq Composite Index). But unlike index funds, you can trade them at any time during the day. Although most ETFs are passively managed like index funds, actively managed ETFs are entering the marketplace.

Why trade ETFs at Fidelity?

Commission-Free iShares^® ETFs: Trade 30 iShares ETFs free with no commissions or short-term trading fees.
$7.95 online U.S. equity and ETFs trades¹: Lower than Schwab, TD Ameritrade, and E*Trade.²
ETF/ETP Research Center: Identify potential investments and trading ideas with easy access to pre-defined screens, daily commentary from experts, and our ETF Market Tracker.
ETF/ETP Screener: Filter over 1,000 products using over 100 criteria – including price and volume data, fundamental and technical analysis, and geographic, style and holdings exposure. Use your own criteria or start with a predefined independent expert strategy.
Independent analysis from industry-leading research firms: Make more informed decisions with ratings and reports available from Morningstar, S&P, XTF, and more.

Fidelity Nasdaq Composite Index Tracking Stock

An ETF that seeks to provide investment returns that closely correspond to the price and yield performance of the NASDAQ Composite Index.

Please carefully consider the ETF's investment objectives, risks, charges and expenses before investing. For this and other information, call or write to Fidelity for a free prospectus. Read it carefully before you invest or send money.

ETFs may trade at a discount to their NAV and are subject to the market fluctuations of their underlying investments. ETFs are subject to management fees and other expenses.

Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with a marketing program that includes promotion of iShares ETFs and certain commission waivers. Additional information about the sources, amounts, and terms of compensation is described in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. iShares is a registered trademark of BlackRock Institutional Trust Company, N.A.

1 $7.95 commission applies to online U.S. equity and ETF trades for Fidelity Brokerage Services LLC retail clients; other conditions may apply. See Fidelity.com/commissions for details.

2 Based upon published Web site commission schedules, as of 4/1/2011, for E*Trade, Schwab, and TD Ameritrade for all online U.S. equity trades. Other pricing may be available based on a specific asset level or a combination of trading and asset levels.

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	Similar to index funds, most exchange-traded funds (ETFs) are a group of securities designed to replicate the performance of a broad market index (like the S&P 500^® or Nasdaq Composite Index). But unlike index funds, you can trade them at any time during the day. Although most ETFs are passively managed like index funds, actively managed ETFs are entering the marketplace. Why trade ETFs at Fidelity? Commission-Free iShares^® ETFs: Trade 30 iShares ETFs free with no commissions or short-term trading fees. $7.95 online U.S. equity and ETFs trades¹: Lower than Schwab, TD Ameritrade, and ETrade.² ETF/ETP Research Center: Identify potential investments and trading ideas with easy access to pre-defined screens, daily commentary from experts, and our ETF Market Tracker. ETF/ETP Screener: Filter over 1,000 products using over 100 criteria – including price and volume data, fundamental and technical analysis, and geographic, style and holdings exposure. Use your own criteria or start with a predefined independent expert strategy. Independent analysis from industry-leading research firms: Make more informed decisions with ratings and reports available from Morningstar, S&P, XTF, and more. Fidelity ETFs Browse/Buy ETFs Research ETFs Fidelity Nasdaq Composite Index Tracking Stock An ETF that seeks to provide investment returns that closely correspond to the price and yield performance of the NASDAQ Composite Index. Fidelity ETFs Browse/Buy ETFs Research ETFs ETFs Funds that track an index and can trade like stocks. Fidelity ETFs Browse/Buy ETFs Research ETFs Evaluate ETFs based on personally selected criteria using ETF Screener. Please carefully consider the ETF's investment objectives, risks, charges and expenses before investing. For this and other information, call or write to Fidelity for a free prospectus. Read it carefully before you invest or send money. ETFs may trade at a discount to their NAV and are subject to the market fluctuations of their underlying investments. ETFs are subject to management fees and other expenses. Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with a marketing program that includes promotion of iShares ETFs and certain commission waivers. Additional information about the sources, amounts, and terms of compensation is described in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. iShares is a registered trademark of BlackRock Institutional Trust Company, N.A. 1 $7.95 commission applies to online U.S. equity and ETF trades for Fidelity Brokerage Services LLC retail clients; other conditions may apply. See Fidelity.com/commissions for details. 2 Based upon published Web site commission schedules, as of 4/1/2011, for ETrade, Schwab, and TD Ameritrade for all online U.S. equity trades. Other pricing may be available based on a specific asset level or a combination of trading and asset levels.	Reasons to Choose Fidelity. Guidance & Research Dependable, practical guidance to help you invest. Pricing & Fees Free services and lower costs to help your money go further. Accounts & Investments Exceptional products, tools, and research to help you invest smarter. Exceptional Service Highly trained, 24/7 support every step of the way.

ETF Screener

Why trade ETFs at Fidelity?

Fidelity Nasdaq Composite Index Tracking Stock

ETFs

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