FENI ETF — Fidelity Enhanced International ETF

Fidelity Enhanced International ETF (FENI)

Updated October 16, 2026.

FENI is an ETF. its distribution rate is 3.94%, its trailing-12-month yield is 3.06%, its expense ratio is 0.28%. Dividend Vision Distribution Safety Score™ is 98/100 (Safe). Total return is 71.6% over the past 2.9 years, 2.6 points behind SPY at 74.2%.

Fidelity Enhanced International ETF is an equity fund that invests at least eighty percent of assets in developed-market stocks outside the U.S. and Canada, primarily tracking the MSCI EAFE Index while applying a research-driven approach that considers factors such as valuation, growth, and quality. The fund offers a moderate current distribution rate with quarterly distributions and charges a low expense ratio of 0.28%. It appeals to income-focused international equity investors seeking exposure to developed markets outside North America.

FENI performance versus SPY

Price and return data through 2026-10-16.

Total return is 71.6% over the past 2.9 years, 2.6 points behind SPY at 74.2%. Over the past year its total return — price change plus distributions reinvested — is 15.7%. Its deepest 1-year drawdown was 11.5%.

FENI key facts

Distribution Safety Score™

98 · Safe

Safety-Adjusted Yield

3.86%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

12/20/2007

Expense ratio

0.28%

Distribution rate

3.94%

Distribution frequency

Quarterly

Trailing yield

3.06%

Last close

$39.71 (as of 2026-10-16)

AUM

$11,448,665,628

Average volume

1008012.0

Dividend

$0.21

Ex-dividend date

09/18/2026

Payment date

09/22/2026

Beta

0.93

How Dividend Vision calculates yield and returns

Distribution rate (3.94%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.06%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FENI risks and drawbacks

FENI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.5%.

Who may consider FENI — and who may not

FENI may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FENI pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FENI

• All tickers starting with F

Tagged: International.

Frequently asked questions

More securities from Fidelity Investments.