Fidelity MSCI Energy Index ETF
FENY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Oct 24, 2013
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity MSCI Energy Index ETF (FENY) is a passively managed exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, to the performance of the MSCI USA IMI Energy 25/50 Index. The fund, issued by Fidelity Covington Trust and sponsored by FMR LLC (Fidelity Investments), invests at least 80% of its assets in securities included in the benchmark index using a representative sampling strategy; this index is a modified market capitalization-weighted measure capturing large-, mid-, and small-cap segments of the U.S. energy sector according to the Global Industry Classification Standard (GICS). Core holdings are concentrated in energy sub-industries, including integrated oil & gas (39.40%), oil & gas exploration & production (22.26%), oil & gas storage & transportation (15.73%), oil & gas refining & marketing (10.08%), and oil & gas equipment & services (9.41%), with top positions in Exxon Mobil Corp. (22.29%), Chevron Corp. (15.30%), ConocoPhillips (5.88%), Williams Companies Inc. (3.97%), and EOG Resources Inc. (3.19%) as of September 30, 2025; the fund holds 101 total securities, with approximately 99% in domestic U.S. equities and the remainder in cash and other net assets. Launched on October 21, 2013, and listed on NYSE Arca, FENY is headquartered in Smithfield, Rhode Island, with Fidelity Distributors Company LLC serving as distributor; it maintains a low net expense ratio of 0.084%, assets under management of $1.43 billion, a 30-day SEC yield of 3.00%, and a turnover rate of 0% as of recent data. Geographically focused on the United States, the ETF targets investors seeking broad exposure to the energy sector, including oil, natural gas, refining, and related services. On December 1, 2020, the fund transitioned to tracking the capped MSCI USA IMI Energy 25/50 Index from its prior uncapped benchmark, limiting aggregate issuer weights over 5% to 50% of total assets to enhance diversification; no major acquisitions, partnerships, funding rounds, or product launches specific to FENY have been reported in the last 1-2 years, though Fidelity Investments expanded its broader ETF lineup with five new actively managed equity strategies in November 2024.