FRNWFidelity Clean Energy ETF

Grow my money4y track recordRanked #1,000 of 2,960 in this goal

Seeks to provide investment returns that correspond to the performance of the Fidelity Clean Energy Index.

By Fidelity Investments · Launched 2021

Annual Cost

0.39%

#1,958 of 5,562 · average

Fund Size

$166M

#2,453 of 5,562 · mid-size

Return (1Y)Goal

+68.3%

Track Record

4 years

#2,513 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$16,843+68.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Global

Cap

Multi cap

Strategy

Index tracking

Sector

Energy

Focus

Clean Energy

Index tracked

Fidelity Clean Energy Index

What it actually holds

By weight

Concentration

Top 10 holdings = 39.4% of fund✓ well diversified

Fidelity Revere Street Trust

7.6%

GE VERNOVA INC

4.7%

VESTAS WIND SYSTEMS AS

4.6%

FIRST SOLAR INC

4.4%

EDP S.A.

3.5%

NEXTPOWER INC

3.3%

BLOOM ENERGY CORP

3.1%

ENLIGHT RENEWABLE ENERGY LTD

2.7%

ORSTED A/S

2.7%

ORMAT TECHNOLOGIES INC

2.6%

Asset allocation

Stocks

99.7%

Cash

10.3%

By sector

Utilities

38.6%

Industrials

32.1%

Technology

29.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

26.6%High

Year-on-year price swings

Max drawdown

-59.4%Severe

Worst peak-to-trough loss

Sharpe (3Y)

0.24Below average

Sortino (3Y)

0.35Moderate downside risk

Where to buy

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks to provide investment returns that correspond to the performance of the Fidelity Clean Energy Index.
Strategy: Invests primarily in securities included in the Fidelity Clean Energy Index, which reflects companies involved in renewable energy production and technology. Stocks are selected based on revenues and thematic quality screens, weighted by market cap.
Inception date: October 5, 2021
Fund family: Fidelity Investments