FENY

📎 Investment Objective

The Fidelity MSCI Energy Index ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the MSCI USA IMI Energy Index, which represents the energy sector of the U.S. equity market.

✨ Key Features

• Provides exposure to the U.S. energy sector, including companies involved in the exploration, production, and distribution of energy sources.
• Passively managed to track the MSCI USA IMI Energy Index, a broad-based energy sector index.
• Low expense ratio of 0.00% makes it a cost-effective way to gain energy sector exposure.
• Suitable for investors seeking targeted exposure to the U.S. energy industry as part of a diversified portfolio.

⚠️ Primary Risks

• Sector concentration risk: As a sector-specific fund, it is subject to greater volatility and risk than a more diversified fund.
• Market risk: The fund's performance is tied to the overall performance of the U.S. energy sector, which can be affected by factors such as commodity prices, government regulations, and economic conditions.
• Tracking error risk: The fund may not perfectly track the underlying index due to factors such as fund expenses and transaction costs.
• Liquidity risk: The fund may have difficulty trading certain securities, particularly during times of market stress, which could affect its performance.

👤 Best For

The Fidelity MSCI Energy Index ETF may be suitable for investors seeking targeted exposure to the U.S. energy sector as part of a diversified portfolio. It may be particularly appealing to investors with a long-term investment horizon who are comfortable with the increased volatility and risks associated with a sector-specific fund.