FNCL

Fidelity MSCI Financials Index ETF
*Unless otherwise stated, data provided by FactSet.

FNCL 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.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FNCL 5.61% -2.72% -13.53% -7.18% 8.52% 7.64% --
FNCL (NAV) 5.55% -2.75% -13.56% -7.24% 8.52% 7.64% --
MSCI USA IMI Financials Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FNCL Summary Data

Fidelity
10/21/13
Open-Ended Fund
0.08%
$1.52B
$5.92M
0.07%

FNCL Portfolio Data

$152.66B
10.89
1.53
2.27%
N/A
383

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

FNCL Factset Analytics Block Liquidity

As of 08/04/22
5
4
3
2
1

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

129,209
$5.92M
91,464
$4.26M
0.07%
$0.03
0.00%
0.16% / -1.57%
None
99.00%
50,000
1.83
0.06%
0.01%
278
$47.81
5

FNCL Sector/Industry Breakdown


FNCL
Segment Benchmark
94.00%
--
4.08%
--
1.57%
--
0.28%
--
0.04%
--
0.02%
--
0.01%
--
0.01%
--

FNCL Countries


FNCL
Segment Benchmark
100.00%
--

FNCL Regions


FNCL
Segment Benchmark
100.00%
--

FNCL Economic Development


FNCL
Segment Benchmark
100.00%
--

FNCL Performance Statistics

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

FNCL Benchmark Comparison Holdings

383
--
--
--

FNCL Benchmark Comparison Summary


FNCL
Segment Benchmark
383
--
$152.66B
--
10.89
--
1.53
--
2.17%
--
Medium
--

FNCL Benchmark Comparison Market Cap Size


FNCL
Segment Benchmark
81.66%
--
13.57%
--
4.52%
--
0.25%
--