FNCL
Fidelity MSCI Financials Index ETFFNCL Fund Description
FNCL tracks a market-cap-weighted index of US financial companies across the entire market-cap spectrum.
FNCL Factset Analytics Insight
FNCL is one of ten Fidelity ETFs that track MSCI sector indexes. The fund competes in a crowded financial space with three popular and well-seasoned cap-weighted funds: XLF, VFH and IYF. FNCL tracks an “investable market” index from MSCI, which aims to capture 99% of the market cap of US financial firms, meaning it also covers the smaller financial firms in market-like weights. To meet diversification requirements,, the index employs a capping methodology, such that no group entity exceeds 25% of index weight and the aggregate weight of issuers with over 5% weight in the index are capped at 50% weight of the portfolio. In September 2016, the fund sold off all of its REITs (except for mortgage REITs) - a substantial part of the portfolio. It did so to comply with a change in GICS methodology. It increased its allocation to remaining financial industries in accord with the revamped underlying index. Prior to December 1, 2020, FNCL tracked the unconstrained MSCI USA IMI Financials Index.
FNCL Summary Data
FNCL Portfolio Data
FNCL Index Data
FNCL Portfolio Management
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FNCL Fund Structure
FNCL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FNCL. FNCL is rated a 5 out of 5.
FNCL Tradability
FNCL Sector/Industry Breakdown
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FNCL Top 10 Holdings[View All]
FNCL Countries
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FNCL Economic Development
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FNCL Performance Statistics
FNCL Benchmark Comparison Summary
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FNCL 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.