FNCL
Fidelity MSCI Financials Index ETF·NYSE
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Key Stats
Assets Under Management
2.45BUSD
Fund Flows (1Y)
52.74MUSD
Dividend Yield
1.45%
Discount/Premium to NAV
-0.01%
Shares Outstanding
31.60M
Expense Ratio
0.08%
About Fidelity MSCI Financials Index ETF
Issuer
Fidelity Management & Research Company LLC
Brand
Fidelity
Inception Date
Oct 21, 2013
Structure
Open-Ended Fund
Index Tracked
MSCI USA IMI Financials 25/50 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
FMR Co., Inc.
Distributor
Fidelity Distributors Corp.
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.
Classification
Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Market cap
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -3.15% | +3.47% | -0.40% | +4.77% | +49.69% | +73.57% |
NAV Total Return | -5.08% | +2.96% | -2.49% | +4.33% | +52.85% | +85.84% |
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
Financial Services
97.18%
Technology
1.86%
Real Estate
0.70%
Industrials
0.21%
Healthcare
0.03%
Consumer Cyclical
0.01%
Communication Services
0.01%
Financial Services
97.18%
Technology
1.86%
Real Estate
0.70%
Industrials
0.21%
Healthcare
0.03%
Consumer Cyclical
0.01%
Communication Services
0.01%
Asset
Region
98.53%
1.29%
0.17%
Category
Ratio
North America
98.53%
Europe
1.29%
Latin America
0.17%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Large-Cap Blend
Invests in large-cap companies with both growth and value characteristics. These ETFs offer diversified exposure to stable, well-established companies.
Top 10 Holdings
Symbol
Ratio
JPMorgan Chase & Co
9.64%
Berkshire Hathaway Inc Class B
7.59%
Visa Inc Class A
6.27%
Mastercard Inc Class A
5.26%
Bank of America Corp
4.29%
Wells Fargo & Co
3.32%
The Goldman Sachs Group Inc
3.25%
Morgan Stanley
2.51%
Citigroup Inc
2.44%
American Express Co
2.25%
Top 10 Weight 46.82%
379 Total Holdings
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Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-19 | 2025-12-19 | 2025-12-23 | 0.271 |
| 2025-09-19 | 2025-09-19 | 2025-09-23 | 0.280 |
| 2025-06-20 | 2025-06-20 | 2025-06-24 | 0.276 |
| 2025-03-21 | 2025-03-21 | 2025-03-25 | 0.298 |
| 2024-12-20 | 2024-12-20 | 2024-12-24 | 0.271 |
| 2024-09-20 | 2024-09-20 | 2024-09-24 | 0.265 |
| 2024-06-21 | 2024-06-21 | 2024-06-25 | 0.248 |
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Assets Under Management
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Fund Flows
