FENY Fidelity MSCI Energy Index ETF
What is FENY?
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 Summary Data
Peers
Fund Flows
FENY Portfolio Data
FENY Index Data
FENY Portfolio Management
FENY Tax Exposures
FENY Fund Structure
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 Tradability
FENY Sector/Industry Breakdown
Benchmark
FENY Top 10 Holdings
FENY Performance Statistics
FENY Countries
Benchmark
FENY Regions
Benchmark
FENY Economic Development
Benchmark
FENY Benchmark Comparison Summary
Benchmark
FENY Benchmark Comparison Market Cap Size
Benchmark
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.