ATLASFidelity MSCI Financials Index ETF (FNCL): outlook, holdings and fees
Fidelity MSCI Financials Index ETF (FNCL) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.07% and the yield is 1.76%. The ten largest holdings are 49% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FNCL
| Last price | $79.94 (-0.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $78.27 – $82.45 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 1.76% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FNCL fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | Financials |
| Assets under management | $2.2B |
| Expense ratio | 0.07% |
| Number of holdings | 49 |
| Portfolio turnover | 27% |
| Inception | Oct 21, 2013 |
| Exchange | NYSE |
The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials 25/50 Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials 25/50 Index. The fund is non-diversified.
FNCL top holdings
| Holding | Sector | Weight |
|---|---|---|
| JPMorgan Chase & Co JPM | Financial Services | 10.20% |
| Berkshire Hathaway Inc BRK-B | Financial Services | 8.65% |
| Visa Inc. Class A V | Financial Services | 7.49% |
| Mastercard Inc MA | Financial Services | 5.50% |
| Bank of America Corp BAC | Financial Services | 4.17% |
| Goldman Sachs Group Inc GS | Financial Services | 3.13% |
| Wells Fargo & Company WFC | Financial Services | 2.88% |
| Morgan Stanley MS | Financial Services | 2.49% |
| Citigroup Inc. C | Financial Services | 2.65% |
| American Express Company AXP | Financial Services | 1.85% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FNCL sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 97.1% |
| Technology | 2.0% |
| Real Estate | 0.6% |
| Industrials | 0.3% |
| Healthcare | 0.1% |
By region: North America 98.4%, Europe Developed 1.4%, Latin America 0.2%.
FNCL returns and risk
| Year to date | +1.1% |
|---|---|
| 1 year | +4.2% |
| 3 years (annualised) | +21.4% |
| 5 years (annualised) | +8.6% |
| 10 years (annualised) | +13.1% |
| Volatility (3 years) | 15.6% |
| Sharpe ratio (3 years) | 0.95 |
Past returns do not guarantee future results.
FNCL: frequently asked questions
What does FNCL invest in?
Fidelity MSCI Financials Index ETF invests in a portfolio of securities. Its largest holdings are JPMorgan Chase & Co (10.2%), Berkshire Hathaway Inc (8.7%), Visa Inc. Class A (7.5%), Mastercard Inc (5.5%), Bank of America Corp (4.2%).
What is the FNCL expense ratio?
0.07% a year: about $7.00 for every $10,000 invested.
What is the FNCL dividend yield?
1.76%. ATLAS does not hold the exact distribution dates for ETFs.
Will FNCL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $78.27 to $82.45 from $79.94 today. It is a probability, not a prediction.
How has FNCL performed?
Year to date +1.1%, one year +4.2%, three years +21.4% a year, five years +8.6% a year. Past returns do not guarantee future results.
Similar ETFs: Financials
- State Street Financial Select Sector SPDR ETF (XLF)
- Vanguard Financials Index Fund ETF Shares (VFH)
- Invesco KBW Bank ETF (KBWB)
- iShares U.S. Financials ETF (IYF)
- State Street SPDR S&P Regional Banking ETF (KRE)
- iShares MSCI Europe Financials ETF (EUFN)
- VanEck Preferred Securities ex Financials ETF (PFXF)
- iShares U.S. Financial Services ETF (IYG)
Educational information, not investment advice. Disclaimer