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.

FNCL MSCI ESG Analytics Insight

Fidelity MSCI Financials Index ETF has an MSCI ESG Fund Rating of A based on a score of 6.03 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 55th percentile within its peer group and in the 38th 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

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 01/25/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FNCL 6.88% 22.25% 3.34% 0.72% 2.76% 13.98% --
FNCL (NAV) 4.35% 20.76% 2.67% 1.55% 2.41% 14.34% --
MSCI US Investable Market Financials 25/50 Index 4.35% 20.75% 2.67% 1.63% 2.49% 14.47% 10.67%
Thomson Reuters US Financials 4.84% 23.31% 3.29% 6.37% 5.09% 14.42% 10.90%
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%
$951.45M
$6.94M
0.07%

FNCL Portfolio Data

$130.05B
18.83
1.30
2.20%
N/A
387

FNCL Index Data

Market Cap
Market Cap
Thomson Reuters US Financials

FNCL Portfolio Management

0.08%
-0.11%
-0.07%
-0.16%

FNCL Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FNCL Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FNCL Factset Analytics Block Liquidity

As of 01/26/21
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

163,605
$6.94M
136,030
$5.54M
0.07%
$0.03
-0.01%
0.60% / -0.48%
None
100.00%
50,000
2.72
0.10%
0.01%
71
$43.32
5

FNCL Sector/Industry Breakdown


FNCL
Segment Benchmark
42.77%
50.29%
28.69%
22.96%
22.19%
26.57%
4.79%
--
1.48%
--
0.09%
--

FNCL Countries


FNCL
Segment Benchmark
100.00%
100.00%

FNCL Regions


FNCL
Segment Benchmark
100.00%
100.00%

FNCL Economic Development


FNCL
Segment Benchmark
100.00%
100.00%

FNCL Performance Statistics

0.99
1.02
1.03
1.01
0.31%
Thomson Reuters US Financials

FNCL MSCI ESG Ratings

6.03 / 10
37.55
55.03
8.47%
0.23%
26.68

FNCL Benchmark Comparison Holdings

387
302
281
83.88%

FNCL Benchmark Comparison Summary


FNCL
Segment Benchmark
387
302
$130.05B
$99.09B
18.83
17.79
1.30
1.24
2.34%
2.56%
Medium
Medium

FNCL Benchmark Comparison Market Cap Size


FNCL
Segment Benchmark
78.80%
78.66%
15.36%
16.17%
5.30%
5.05%
0.54%
0.13%