FNCL ETF — Fidelity MSCI Financials Index ETF

Fidelity MSCI Financials Index ETF (FNCL)

FNCL is a low-cost ETF that tracks the Fidelity MSCI Financials Index. As of September 3, 2026, its distribution rate is 1.47%, its trailing-12-month yield is 1.51%, its expense ratio is 0.08%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is 332.0% over the past 12.9 years, 115.8 points behind SPY at 447.8%.

At the current 1.47% distribution rate, a $10,000 investment would generate approximately $147 per year, or $12.25 per month on an equivalent basis. Actual quarterly payments vary.

Fidelity MSCI Financials Index ETF tracks the MSCI USA IMI Financials 25/50 Index, which represents the financial sector within the broad U.S. equity market, with at least 80% of assets invested in index securities. The fund offers a modest current distribution rate and distributes quarterly, with a very low expense ratio of 0.08%. It appeals to investors seeking broad exposure to U.S. financial services companies with minimal fees.

FNCL performance versus SPY

Data as of September 3, 2026.

Total return is 332.0% over the past 12.9 years, 115.8 points behind SPY at 447.8%. Its deepest 1-year drawdown was 14.8%.

FNCL key facts

Data as of September 3, 2026.

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

1.38%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

10/21/2013

Expense ratio

0.08%

Distribution rate

1.47%

Distribution frequency

Quarterly

Trailing yield

1.51%

Last close

$83.33

NAV

$82.01

Premium / discount

1.61% premium

AUM

$2,396,029,596

Average volume

112666.0

Last dividend

$0.307

Last ex-dividend date

06/18/2026

Last payment date

06/23/2026

Beta

0.8

P/E ratio

16.1597

How Dividend Vision calculates yield and returns

Distribution rate (1.47%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.51%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. 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. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

Primary sources: Fidelity Investments; Index: Fidelity MSCI Financials Index; 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.

FNCL risks and drawbacks

FNCL'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 14.8%.

Who may consider FNCL — and who may not

FNCL may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FNCL 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.

Frequently asked questions

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