(FENY) Fidelity MSCI Energy Index - Ratings and Ratios

Fidelity® MSCI Energy Index ETF (FENY) is designed to track the performance of the energy sector within the U.S. equity market. The fund invests at least 80% of its assets in securities from its underlying index, the MSCI USA IMI Energy 25/50 Index. This index is built to represent the energy sectors performance, offering exposure to a broad range of energy-related companies.

Importantly, FENY is a non-diversified fund, which means it can concentrate its investments in a smaller number of securities compared to diversified funds. This approach allows for targeted exposure to the energy sector but also comes with higher risk due to less diversification. The fund may not hold all the securities in its underlying index, giving its managers some flexibility in portfolio construction.

As of the latest data, Fidelity® MSCI Energy Index ETF has an AUM of $1,518.57M USD, making it a sizeable player in the energy ETF space. The fund trades on the NYSE ARCA exchange under the ticker FENY. For those looking to gain exposure to the U.S. energy sector through a rules-based, index-tracking approach, FENY is a notable option. Its focus on the MSCI USA IMI Energy 25/50 Index ensures transparency and alignment with the sectors performance.