Fidelity MSCI Financials Index ETF
FIDELITY COVINGTON TRUST · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity MSCI Financials Index ETF is a U.S. equity index ETF that tracks the MSCI USA IMI Financials 25/50 Index. 9% of FNCL’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2025 Q4
Fidelity MSCI Financials Index ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials 25/50 Index.
The fund tracks the MSCI USA IMI Financials 25/50 Index, which comprises U.S. financial sector companies including banks, insurers, asset managers, and mortgage REITs, using a representative sampling strategy that holds a subset of index securities selected to match the index's overall characteristics. Because the fund may not hold all index constituents, its returns can diverge from the index.
| Share class | Expense ratio |
|---|---|
| FNCL | 0.08% |
Portfolio turnover 4.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.69% |
| Cash & short-term | 0.25% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 97.7% |
| International | 2.0% |
| Cash | 0.3% |
| Other | 0.1% |
| 2 smaller | 0.0% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Largest new: PIPR, CRBG, Chicago Mercantile Exchange ×2, NP, JCAP
Largest exited: CMA, Cadence Bank, Piper Sandler Cos, Heritage Commerce Corp, Chicago Mercantile Exchange ×2, CODI, RC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| JPM | JPMorgan Chase & CoJPM | 10.10% | $313.23 | $223.74M | 714.3K |
| BRK/B | Berkshire Hathaway IncBRK/B | 7.72% | $473.60 | $170.95M | 361.0K |
| V | Visa IncV | 6.59% | $329.84 | $145.85M | 442.2K |
| MA | Mastercard IncMA | 5.04% | $502.92 | $111.69M | 222.1K |
| BAC | Bank of America CorpBAC | 4.34% | $53.46 | $96.05M | 1.8M |
| GS | The Goldman Sachs Group IncGS | 3.28% | $923.77 | $72.67M | 78.7K |
| WFC | Wells Fargo & CoWFC | 3.06% | $82.23 | $67.69M | 823.2K |
| C | Citigroup IncC | 2.71% | $127.98 | $60.05M | 469.2K |
| MS | Morgan StanleyMS | 2.68% | $190.59 | $59.34M | 311.4K |
| AXP | American Express CoAXP | 2.11% | $323.05 | $46.67M | 144.5K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 47.63% of net assets, top 25 66.40%, across 384 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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