Fidelity MSCI Financials Index ETF
FNCL
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
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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 Financials Index ETF (FNCL) is an exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, to the performance of the MSCI USA IMI Financials 25/50 Index, a market-cap-weighted benchmark tracking U.S. financial companies across the full market capitalization spectrum, including large-, mid-, small-, and micro-cap issuers. The ETF holds approximately 395 securities, with top holdings including JPMorgan Chase & Co. (9.49%), Berkshire Hathaway Inc. (7.51%), Visa Inc. (6.91%), Mastercard Incorporated (5.59%), and Bank of America Corporation (4.09%), representing 45.34% of total assets under management of $2.34 billion; it features a low expense ratio of 0.08%, quarterly dividend distributions yielding 1.45%, and trades on the NYSE Arca exchange. Launched on October 21, 2013, and issued by Fidelity Investments, headquartered in Boston, Massachusetts, FNCL targets investors seeking broad, cost-effective exposure to the U.S. financial sector, encompassing banks, insurance providers, capital markets firms, and diversified financial services across domestic operations. Recent performance includes a one-year total return of 23.34% and an inception-to-date annualized return of 12.06%, supported by quarterly dividends such as $0.276 per share on June 20, 2025, amid stable portfolio metrics like a P/E ratio of 18.35 and beta of 1.03. In the past 1-2 years, FNCL has seen steady assets under management growth to over $2.3 billion, manager updates with additions including Matt Waldron and Steven White effective June 30, 2025, and benefits from Fidelity Investments' broader ETF innovations, including the launch of five new actively managed equity ETFs in late 2024, though no major index reconstitutions, partnerships, or strategic shifts specific to FNCL have been reported.