FENI

Fidelity Enhanced International ETF

FENI is an actively managed fund that invests in companies of any capitalization in developed markets, excluding the US and Canada.


International

EQUITY

Active

MANAGEMENT STYLE

1.7 B

ASSETS UNDER MGMT

28 bp

EXPENSES
Fund Basics
Fund sponsorFidelity
CategoryInternational
Asset classEquity
Websitelink...
Inception dateDec 20, 2007
Assets (mns)$1,661
Expense ratio28 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selection
Weighting
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NOVO NORDISK A/S-B 2.5 %
ROCHE HOLDING AG-BR 2.0 %
NOVARTIS AG 1.7 %
SHELL PLC 1.7 %
ASML HOLDING NV 1.7 %
TOTAL SA 1.3 %
SCHNEIDER ELECTRIC SA 1.2 %
L'OREAL 1.1 %
NESTLE SA-REG 1.1 %
HITACHI LTD 1.0 %
Constituent Breakdown
Number of holdings302
Herfindahl-Hirschman Index 69
Wgt avg mkt cap (mns)$87,130
Large cap (>$10bn)87.3%
Mid cap ($2-10bn)10.4%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
JAPAN 21.9 %
BRITAIN 13.3 %
FRANCE 11.1 %
SWITZERLAND 10.1 %
GERMANY 7.7 %
NETHERLANDS 6.4 %
AUSTRALIA 5.7 %
DENMARK 3.9 %
SPAIN 3.7 %
HONG KONG 3.2 %
Historical Performance


Standardized Performance (as of 10/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 10.0% -- -- -- -- -- 10.0%
Volatility -- -- -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)158
Turnover0.3%
Avg. Bid/Ask (% of price)0.00%
ADV of underlying (mns)$40,660
Technical Indicators
Recent close$27.97
30d moving avg.$29.51
Annualized volatility0.0%
Relative strength (RSI)44
Short interest (ETF)0.4%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: FENI vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.0 11.8 1.3 4.1% --
Based on closing prices from 11/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FENI



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

FENI

8.0%

Cat. Avg

7.4%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.4% and a standard deviation of 2.6%. FENI's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places FENI in the 60th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

FENI
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
International Equity ETFs
# of ETFs 38
Avg. Expense Ratio 56.2 bp
Std. Deviation 24 bp
FENI (28 bp) Percentile rank 11
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FENI 28.0 0.0 28
Peer Avg. 42.6 40.1 82.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .