FNCL
Fidelity MSCI Financials Index ETFFNCL Fund Description
FNCL tracks a market-cap-weighted index of stocks in the broad US financials sector.
FNCL Factset Analytics Insight
FNCL competes in a crowded segment stocked with 3 highly popular and well-seasoned cap-weighted funds—XLF, VFH and IYF. Still, FNCL brings to the table an ultra-low expense ratio and commission-free trading for Fidelity brokerage and custody clients. The fund tracks an 'investable market' index from MSCI, which aims to capture 99% of the market cap of US financial firms. This provides exposure to smaller financial firms in marketlike weights, unlike XLF which leans larger. While traders will likely continue to reach for XLF for its massive liquidity, FNCL fits the market closely, and provides a cost-effective way to capture the broad financial space.Note: 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, the sector framework supporting its underlying index. It increased its allocation to remaining financial industries in accord with the revamped underlying index.
FNCL MSCI ESG Analytics Insight
Fidelity MSCI Financials Index ETF has an MSCI ESG Fund Rating of BB based on a score of 3.65 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 Financials Index ETF ranks in the 16th percentile within its peer group and in the 24th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FNCL 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.
FNCL Charts And Performance
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FNCL Portfolio Data
FNCL Portfolio Management
FNCL Tax Exposures
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 Regions
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FNCL Economic Development
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FNCL Performance Statistics
FNCL MSCI ESG Ratings
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.