Fidelity Nasdaq Composite Index ETF
Fidelity Commonwealth Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Nasdaq Composite Index ETF is a U.S. equity index ETF that tracks the Nasdaq Composite Index. 29% of ONEQ’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
Fund profile
As filed in the prospectus · 2026 Q1
Fidelity Nasdaq Composite Index ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index .
The fund uses statistical sampling to build a portfolio that mirrors the investment profile of the Nasdaq Composite Index, a market-capitalization-weighted index of approximately 3,000 Nasdaq-listed stocks, rather than holding all constituents. Because the fund samples the index rather than replicating it fully, its returns may diverge from the index.
| Share class | Expense ratio |
|---|---|
| ONEQ | 0.21% |
Portfolio turnover 5.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.46% |
| Cash & short-term | 3.01% |
| Derivatives | 0.08% |
| Bonds | 0.02% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 51.1% |
| Communication Services | 14.3% |
| Consumer Discretionary | 12.0% |
| Health Care | 4.3% |
| 11 smaller | 18.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Largest new: THOMSON REUTERS CORP, CHICAGO MERCANTILE EXCH INC, ASCENDIS PHARMA A/S, WISE GROUP PLC, FRVO, UST BILLS, XE, CBRS
Largest exited: THOMSON REUTERS CORP, EXACT SCIENCES CORP, HOLOGIC INC, ASCENDIS PHARMA A/S, AVIDITY BIOSCIENCES INC, CONFLUENT INC, ARCELLX INC, UST BILLS
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 11.18% | $211.14 | $1.22B | 5.8M |
| AAPL | APPLE INCAAPL | 9.98% | $312.06 | $1.09B | 3.5M |
| MSFT | MICROSOFT CORPMSFT | 7.29% | $450.24 | $795.75M | 1.8M |
| AMZN | AMAZON.COM INCAMZN | 6.33% | $270.64 | $691.57M | 2.6M |
| GOOGL | ALPHABET INCGOOGL | 4.83% | $380.34 | $527.05M | 1.4M |
| AVGO | BROADCOM INCAVGO | 4.61% | $446.77 | $503.79M | 1.1M |
| GOOG | ALPHABET INCGOOG | 4.46% | $376.43 | $487.22M | 1.3M |
| TSLA | TESLA INCTSLA | 3.56% | $435.79 | $388.83M | 892.2K |
| META | META PLATFORMS INCMETA | 3.01% | $632.51 | $328.95M | 520.1K |
| — | Fidelity Revere Street Trust | 2.55% | — | $278.17M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 57.80% of net assets, top 25 73.17%, across 1.0K issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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