What is FRNW?

FRNW tracks a market-cap-weighted index of global clean energy companies screened for environmental, social, and governance factors.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FRNW -2.98% -2.04% -2.33% -10.42% -- -- --
FRNW (NAV) -2.19% -1.67% -1.65% -10.19% -- -- --
Fidelity Clean Energy Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FRNW Factset Analytics Insight

FRNW provides exposure to the global clean energy industry utilizing an ESG overlay. The fund specifically includes developed and emerging markets firms of any size that generate at least 50% of their revenue from one or more of the following business activities: clean energy distribution, clean energy equipment manufacturing, and clean energy technology. Eligible companies are initially assigned with ‘thematic relevancy scores’ based on a proprietary natural language processing algorithm—which identifies clean energy firms using keywords from publicly available company documents. Firms are then further screened for various ESG factors. The highest scored companies are selected for inclusion and are weighted by market-cap. The index rebalances quarterly.

FRNW Summary Data

Fidelity
10/05/21
0.39%
$39.05M
Fidelity Clean Energy Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

-$0.00B 5 Days
-$0.00B 30 Days
+$0.00B 90 Days

FRNW Portfolio Data

$9.73B
63.41
2.67
0.60%
N/A
51

FRNW Index Data

Fidelity Clean Energy Index
Market Cap
Principles-based
N/A

FRNW Portfolio Management

0.39%
--
--
--

FRNW Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

FRNW Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
High
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of FRNW. FRNW is rated a N/A out of 5.

FRNW Tradability

14,697
$327.32K
7,243
$169.96K
0.43%
$0.10
0.19%
1.81% / -1.04%
None
54.86%
--
--
--
--
0
$21.33
N/A

FRNW Sector/Industry Breakdown

FRNW Segment
Benchmark
54.01% --
25.96% --
15.97% --
2.60% --
1.45% --
0.02% --

FRNW Top 10 Holdings

4.53%
3.66%
2.74%
2.60%
2.57%
2.57%
2.51%
32.26%

FRNW Performance Statistics

--
--
--
--
--
N/A

FRNW Countries

FRNW Segment
Benchmark
35.86% --
11.26% --
8.49% --
7.61% --
6.24% --
5.71% --
3.10% --
2.63% --
2.39% --
2.28% --

FRNW Regions

FRNW Segment
Benchmark
43.47% --
35.94% --
18.82% --
1.71% --

FRNW Economic Development

FRNW Segment
Benchmark
97.87% --
2.07% --

FRNW Benchmark Comparison Holdings

51
--
--
--

FRNW Benchmark Comparison Summary

FRNW Segment
Benchmark
51 --
$9.73B --
63.41 --
2.67 --
1.04% --
Medium --

FRNW Benchmark Comparison Market Cap Size

FRNW Segment
Benchmark
24.48% --
50.86% --
23.30% --
1.25% --

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.