FRNW
·CBOE
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Key Stats
Assets Under Management
39.65MUSD
Fund Flows (1Y)
4.32MUSD
Dividend Yield
1.12%
Discount/Premium to NAV
0.18%
Shares Outstanding
2.00M
Expense Ratio
0.39%
About Fidelity Clean Energy ETF
Issuer
Fidelity Management & Research Company LLC
Brand
Fidelity
Home Page
Inception Date
Oct 5, 2021
Structure
Open-Ended Fund
Index Tracked
Fidelity Clean Energy Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
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.
Classification
Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Renewable Energy
Strategy
ESG
Geography
Global
Weighting Scheme
Market Cap
Selection Criteria
Principles-based
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -2.49% | +8.93% | +49.78% | +47.29% | -12.20% | -19.77% |
NAV Total Return | -5.59% | +12.61% | +50.08% | +46.31% | -5.81% | -0.38% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Utilities
40.04%
Industrials
31.24%
Technology
28.72%
Utilities
40.04%
Industrials
31.24%
Technology
28.72%
Asset
Region
44.78%
27.25%
22.05%
3.09%
2.84%
Category
Ratio
North America
44.78%
Europe
27.25%
Asia
22.05%
Australasia
3.09%
Africa/Middle East
2.84%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
Bloom Energy Corp Class A
5.69%
First Solar Inc
4.90%
Vestas Wind Systems AS
4.33%
GE Vernova Inc
3.93%
Nextpower Inc Class A
3.66%
EDP-Energias De Portugal SA
3.12%
Orsted AS
2.87%
Enlight Renewable Energy Ltd
2.72%
Ormat Technologies Inc
2.72%
Canadian Solar Inc
2.67%
Top 10 Weight 36.61%
57 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-19 | 2025-09-19 | 2025-09-23 | 0.081 |
| 2025-06-20 | 2025-06-20 | 2025-06-24 | 0.118 |
| 2025-03-21 | 2025-03-21 | 2025-03-25 | 0.014 |
| 2024-12-20 | 2024-12-20 | 2024-12-24 | 0.016 |
| 2024-09-20 | 2024-09-20 | 2024-09-24 | 0.064 |
| 2024-06-21 | 2024-06-21 | 2024-06-25 | 0.098 |
| 2024-03-15 | 2024-03-18 | 2024-03-20 | 0.015 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
