Fidelity MSCI Financials Index ETF (FNCL) is a financial sector ETF. As of October 28, 2026, ETF Copilot scores FNCL 5.0 out of 10 — highest on Return (6.0), lowest on Value (3.8). It trades at 15.6 times earnings, against its own median of 14.7. Its ten largest holdings are 48% of the fund.
What stands out in FNCL's data
U.S. financials stocks, tracked through an MSCI index.
Earns more on its capital than the typical financials fund — a sign of better business quality.
Return on invested capital of 6.7% runs above the category median of 5.9%. Holdings 376.
A broad, plain-vanilla financials allocation at a low cost.
How is FNCL rated? ETF Copilot scores Fidelity MSCI Financials Index ETF (FNCL) 5.0 out of 10
As of October 28, 2026, ETF Copilot scores Fidelity MSCI Financials Index ETF (FNCL) 5.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.0 / 10
- Growth: 4.1 / 10
- Value: 3.8 / 10
- Risk: 5.1 / 10
- Quality: 5.9 / 10
- Return: 6.0 / 10
Is FNCL expensive right now? It trades at 15.6 times earnings, against its own median of 14.7
As of October 28, 2026, FNCL is more expensive than 59% of its own last 9 years.
Trailing 12 months, built from FNCL's holdings. How we calculate this →
What's inside FNCL?
What's inside FNCL: Size (Large 74%, Mid 13%, Small 13%); Geography (International 4%, US 96%); Tech 2.1%.
What are FNCL's top holdings? The ten largest are 48% of the fund
JPMorgan Chase, Berkshire Hathaway, Visa, Mastercard, Bank of America, Goldman Sachs, Wells Fargo, Morgan Stanley, Citigroup and BlackRock are FNCL's largest holdings, in that order.
Less concentrated than 57% of Financials ETFs.
Half of FNCL's weight sits in its 12 largest positions, and once those weights are taken into account it behaves like 29 equally weighted holdings.
What is FNCL's expense ratio? 0.08% a year
As of October 28, 2026, FNCL charges 0.08% a year, yields 1.63% and holds $2.3B in assets across 376 positions.
| Measure | FNCL |
|---|---|
| Expense ratio | 0.08% |
| Dividend yield | 1.63% |
| Assets under management | $2.3B |
| Holdings | 376 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Fidelity MSCI Financials Index ETF (FNCL) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/fncl
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