If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the Fidelity MSCI Industrials Index ETF (FIDU), a passively managed exchange traded fund launched on 10/21/2013.An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 4, placing it in top 25%.Index DetailsThe fund is sponsored by Fidelity. It has amassed assets over $646.70 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. FIDU seeks to match the performance of the MSCI USA IMI Industrials Index before fees and expenses.The MSCI USA IMI Industrials Index represents the performance of the industrial sector in the U.S. equity market.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.08%, making it the least expensive product in the space.It has a 12-month trailing dividend yield of 1.53%.Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation in the Industrials sector--about 98.70% of the portfolio.Looking at individual holdings, Union Pacific Corp Common Stock Usd2.5 (UNP) accounts for about 4.43% of total assets, followed by United Parcel Service Cl B Common Stock Usd.01 (UPS) and Raytheon Technologies Corp Common Stock Usd1.0 (RTX).The top 10 holdings account for about 31.85% of total assets under management.Performance and RiskYear-to-date, the Fidelity MSCI Industrials Index ETF has lost about -19.54% so far, and is down about -15.79% over the last 12 months (as of 06/23/2022). FIDU has traded between $44.06 and $57.46 in this past 52-week period.The ETF has a beta of 1.16 and standard deviation of 26.91% for the trailing three-year period, making it a medium risk choice in the space. With about 367 holdings, it effectively diversifies company-specific risk.AlternativesFidelity MSCI Industrials Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FIDU is a reasonable option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space.Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $3.23 billion in assets, Industrial Select Sector SPDR ETF has $12.94 billion. VIS has an expense ratio of 0.10% and XLI charges 0.10%.Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fidelity MSCI Industrials Index ETF (FIDU): ETF Research Reports Union Pacific Corporation (UNP): Free Stock Analysis Report United Parcel Service, Inc. (UPS): Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Raytheon Technologies Corporation (RTX): Free Stock Analysis Report To read this article on Zacks.com click here.