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Fidelity® MSCI Financials Index ETF (FNCL)
Look-through valuation · Sector · Expense ratio 0.08 % · ISIN US3160925018
Price history (since 2013)
Monthly close since 2013. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| JPMorgan Chase & Co JPM | 10.6 % | −21.7 % | 67 |
| Berkshire Hathaway Inc BRK-B | 7.7 % | −18.8 % | 60 |
| Visa Inc. Class A V | 6.7 % | −43.7 % | 78 |
| Mastercard Inc MA | 4.9 % | −59.8 % | 76 |
| Bank of America Corp BAC | 4.7 % | −10.0 % | 64 |
| Goldman Sachs Group Inc GS | 3.5 % | −43.4 % | 59 |
| Wells Fargo & Company WFC | 3.0 % | +3.9 % | 56 |
| Morgan Stanley MS | 2.8 % | −53.8 % | 70 |
| Citigroup Inc. C | 2.5 % | −18.3 % | 57 |
| American Express Company AXP | 1.9 % | −38.5 % | 65 |
| Charles Schwab Corp SCHW | 1.9 % | −61.8 % | 69 |
| BlackRock Inc BLK | 1.7 % | −52.5 % | 49 |
| S&P Global Inc SPGI | 1.4 % | −55.4 % | 68 |
| Chubb Ltd CB | 1.4 % | −3.7 % | 72 |
| Progressive Corp PGR | 1.4 % | +17.0 % | 63 |
| Capital One Financial Corporation COF | 1.4 % | −49.3 % | 39 |
| The Bank of New York Mellon Corporation BK | 1.2 % | n/a | n/a |
| PNC Financial Services Group Inc PNC | 1.1 % | −10.1 % | 66 |
| U.S. Bancorp USB | 1.1 % | −0.4 % | 65 |
| Blackstone Group Inc BX | 1.1 % | −80.0 % | 52 |
| CME Group Inc CME | 1.0 % | −43.0 % | 59 |
| Marsh & McLennan Companies Inc MMC | 1.0 % | n/a | n/a |
| Intercontinental Exchange Inc ICE | 0.9 % | −48.9 % | 59 |
| The Travelers Companies Inc TRV | 0.9 % | −1.5 % | 69 |
| Aon PLC AON | 0.8 % | −38.7 % | 62 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +22.2 % below FV
- 2 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +17.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +9.8 % below FV
- 4 SHRY First Trust Bloomberg Shareholder Yield ETF +2.2 % below FV
- 5 COWZ Pacer US Cash Cows 100 ETF -0.3 % above FV
- 6 C001 Amundi Core DAX UCITS ETF Dist -2.4 % above FV
- 7 XLC Communication Services Select Sector SPDR® Fund -4.2 % above FV
- 8 EWP iShares MSCI Spain ETF -4.8 % above FV
- 9 FTXO First Trust Nasdaq Bank ETF -6.0 % above FV
- 10 KRE SPDR® S&P Regional Banking ETF -8.9 % above FV
How the look-through works
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity® MSCI Financials Index ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Jul 28, 2026
No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.