FENYFidelity MSCI Energy Index ETF
FENY Fund Description
FENY tracks a market-cap-weighted index of US energy companies. The index includes those companies deemed investable by MSCI and covers 98% of the market.
FENY Factset Analytics Insight
FENY is part of a fund suite that marked Fidelity's official entry into the US sector ETF market. The fund offers a top-heavy portfolio in the US energy segment, with well over half of its portfolio weight in its top ten holdings, and a huge chunk of its allocation to the top few. Overall, its portfolio is broad, with allocations to every aspect of the oil and gas industries, and some allocations dedicated to coal and renewables. On December 1, 2020, FENY started tracking a capped version of its previous index, where the aggregate weight of issuers with over 5% weight in the index are now capped at 50% of the fund’s total asset. The fund uses a sampling strategy to track the index, which means the fund may not hold all the securities in the underlying index, but securities that provide a similar investment profile. The index is rebalanced quarterly
FENY MSCI ESG Analytics Insight
Fidelity MSCI Energy Index ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.54 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Fidelity MSCI Energy Index ETF ranks in the 35th percentile within its peer group and in the 16th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FENY MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FENY Summary Data
FENY Portfolio Data
FENY Index Data
FENY Portfolio Management
FENY Tax Exposures
FENY Fund Structure
FENY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FENY. FENY is rated a 5 out of 5.
FENY Sector/Industry Breakdown
FENY Top 10 Holdings[View All]
FENY Economic Development
FENY Performance Statistics
FENY MSCI ESG Ratings
FENY Benchmark Comparison Summary
FENY Benchmark Comparison Market Cap Size