Key stats
About Fidelity MSCI Financials Index ETF
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Inception date
Oct 21, 2013
Structure
Open-Ended Fund
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
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| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.82%
Finance91.77%
Commercial Services6.23%
Technology Services1.75%
Health Services0.03%
Electronic Technology0.02%
Miscellaneous0.01%
Consumer Services0.01%
Bonds, Cash & Other0.18%
Mutual fund0.18%
Cash0.00%
Stock breakdown by region
North America97.26%
Europe2.70%
Asia0.04%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FNCL invests in stocks. The fund's major sectors are Finance, with 91.77% stocks, and Commercial Services, with 6.23% of the basket. The assets are mostly located in the North America region.
FNCL top holdings are JPMorgan Chase & Co. and Berkshire Hathaway Inc. Class B, occupying 9.14% and 8.39% of the portfolio correspondingly.
FNCL last dividends amounted to 0.30 USD. The quarter before, the issuer paid 0.27 USD in dividends, which shows a 9.06% increase.
FNCL assets under management is 2.20 B USD. It's risen 8.01% over the last month.
FNCL fund flows account for 269.61 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FNCL pays dividends to its holders with the dividend yield of 1.53%. The last dividend (Mar 25, 2025) amounted to 0.30 USD. The dividends are paid quarterly.
FNCL shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Oct 21, 2013, and its management style is Passive.
FNCL expense ratio is 0.08% meaning you'd have to pay 0.08% of your investment to help manage the fund.
FNCL follows the MSCI USA IMI Financials 25/50 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FNCL invests in stocks.
FNCL price has risen by 9.54% over the last month, and its yearly performance shows a 18.73% increase. See more dynamics on FNCL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.43% over the last month, showed a −1.24% decrease in three-month performance and has increased by 20.66% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.43% over the last month, showed a −1.24% decrease in three-month performance and has increased by 20.66% in a year.
FNCL trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.