FENI

📎 Investment Objective

The Fidelity Enhanced International ETF (FENI) seeks to provide investment results that correspond, before fees and expenses, to the performance of the MSCI EAFE Index, which measures the performance of large and mid-cap securities across 21 developed markets, excluding the U.S. and Canada.

✨ Key Features

• Provides exposure to a broad range of developed international equity markets outside of North America
• Seeks to track the performance of the MSCI EAFE Index, a widely followed benchmark for international stocks
• Employs a passively managed, index-tracking approach to minimize costs
• Diversified portfolio across multiple countries and sectors

⚠️ Primary Risks

• Market risk: The value of the fund's shares will fluctuate based on the performance of the underlying index and the overall market
• Currency risk: As the fund invests in non-U.S. securities, it is subject to risks associated with fluctuations in foreign currencies
• Tracking error risk: The fund may not perfectly track the underlying index due to various factors, such as fund expenses and transaction costs
• Concentration risk: The fund's performance may be more volatile due to its focus on a specific region or market

👤 Best For

The Fidelity Enhanced International ETF may be suitable for investors seeking broad exposure to developed international equity markets as part of a diversified portfolio. It may be particularly appealing to investors with a long-term investment horizon who are comfortable with the inherent risks of international investing.