The Fidelity MSCI Utilities Index ETF, designated as FUTY, is designed to provide investors with exposure to the performance of the MSCI US IMI Utilities 25/50 Index. This index consists of a diverse range of stocks within the United States utilities sector, including companies that provide essential services such as electricity, water, and gas. 

 

      The MSCI US IMI Utilities 25/50 Index follows a market-capitalization-weighted methodology, which means that the stocks included in the index are weighted based on their total market value. This approach allows larger companies to have a more significant influence on the index's performance than smaller ones.