What is FNCL?

FNCL tracks a market-cap-weighted index of US financial companies across the entire market-cap spectrum.

PERFORMANCE [as of 03/27/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FNCL -12.14% -6.89% -7.38% -18.72% 16.60% 4.52% --
FNCL (NAV) -12.16% -6.90% -7.47% -18.72% 16.65% 4.53% --
MSCI USA IMI Financials Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

Fidelity
10/21/13
0.08%
$1.31B
MSCI USA IMI Financials 25/50 Index
MSCI USA IMI Financials Index
Open-Ended Fund

Peers

MSCI USA IMI Financials Index

Fund Flows

-$0.00B 5 Days
-$0.02B 30 Days
-$0.09B 90 Days

FNCL Portfolio Data

$156.32B
14.71
1.63
2.50%
N/A
395

FNCL Index Data

MSCI USA IMI Financials 25/50 Index
Market Cap
Market Cap
MSCI USA IMI Financials Index

FNCL Portfolio Management

0.08%
--
--
--

FNCL Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FNCL Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/28/23

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

175,322
$8.31M
93,885
$4.70M
0.05%
$0.02
-0.00%
0.15% / -0.13%
None
100.00%
50,000
1.88
0.06%
0.01%
247
$44.11
5

FNCL Sector/Industry Breakdown

FNCL Segment
Benchmark
94.23% --
3.98% --
1.53% --
0.18% --
0.04% --
0.03% --
0.00% --

FNCL Performance Statistics

--
--
--
--
--
MSCI USA IMI Financials Index

FNCL Countries

FNCL Segment
Benchmark
99.72% --

FNCL Regions

FNCL Segment
Benchmark
99.72% --

FNCL Economic Development

FNCL Segment
Benchmark
99.72% --
0.00% --

FNCL Benchmark Comparison Holdings

395
--
--
--

FNCL Benchmark Comparison Summary

FNCL Segment
Benchmark
395 --
$156.32B --
14.71 --
1.63 --
2.16% --
Medium --

FNCL Benchmark Comparison Market Cap Size

FNCL Segment
Benchmark
83.14% --
12.44% --
3.77% --
0.35% --