FENY
Fidelity MSCI Energy Index ETFFENY 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 marks Fidelity's official entry into the US sector ETF market. In an effort to attract investor interest and assets, FENY sports one of the lowest price tags in the segment, and offers one of the broadest portfolios available in the US energy segment. Broad is relative, of course: the energy sector is incredibly top-heavy and FENY still has well over half of its portfolio weight in its top ten holdings, and a huge chunk of that is allocated to Exxon and Chevron. Overall its portfolio looks pretty market-like, with big allocations to every aspect of the oil and gas industries, and very little dedicated to coal and renewables. The fund is popular enough with traders that it sees substantial volume each day with tiny spreads. With its liquid underlying basket, creation and redemption should be easy for larger investors to trade as well. In terms of Efficiency, FENY is an easy winner, with a rock-bottom fee and excellent tracking.
FENY MSCI ESG Analytics Insight
Fidelity MSCI Energy Index ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.36 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 47th percentile within its peer group and in the 58th 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 Charts And Performance
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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 Tradability
FENY Sector/Industry Breakdown
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FENY Top 10 Holdings[View All]
FENY Countries
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FENY Regions
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FENY Economic Development
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FENY Performance Statistics
FENY MSCI ESG Ratings
FENY Benchmark Comparison Summary
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FENY Benchmark Comparison Market Cap Size
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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.