Fidelity Enhanced International ETF
$39.79+0.16 (+0.40%)
- 0.28%
- $11.5B
- +17.7%
- 3.07%
- 1.4M sh
- $39.59
- low $34.36high $42.09
The ETF.net FENI Grade
B
Score 64 out of 100
- 10 of 30
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 10 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 19 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A88 out of 100Rank 1 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C52 out of 100Rank 18 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 2 of 30
Our read on FENI
BFidelity ran this quant strategy as a mutual fund from 2007, then moved it into an ETF wrapper in 2023. Same job either way: start from the shape of MSCI EAFE developed markets, then let statistical models tilt the roughly 300 names.
The fund seeks to outperform its benchmark through a quantitative process balancing risk and return. It uses multifactor statistical models to select companies with desirable fundamental characteristics.
Why people hold it
- Charges 0.28% a year against a 0.38% median for international multifactor funds. Cheaper running costs were part of Fidelity's stated case for the ETF conversion.fidelity.com
- Sixteen years of live history before it ever traded on an exchange. The 2007 mutual fund carried identical objectives and fundamental policies into the November 2023 ETF.sec.gov
- Active, but not adventurous. Multifactor models hunt for companies with desirable fundamentals while the MSCI EAFE benchmark anchors the portfolio. Roughly 300 holdings, quarterly distributions.
- A multi-billion-dollar fund that trades actively, sitting in the upper half of a crowded international multifactor field.
Worth knowing
- Cheaper multifactor options share the shelf, including Fidelity's own FDEV at 0.18% and iShares' INTF at 0.16%.
- "Enhanced" means a quant team's models set the tilts, not a published index rulebook, so the portfolio can drift from MSCI EAFE in either direction.
- Developed markets outside the US are the whole mandate. Emerging markets are not part of the job description.
FENI Holdings
- Stocks
- 452
- 16%
- ASML.AS
Sectors
- Financials26.9%
- Industrials20.8%
- Technology13.8%
- Health Care10.0%
- Consumer Discretionary5.9%
- Consumer Staples4.9%
- Communication4.5%
- Energy4.5%
- Materials4.2%
- Utilities3.7%
- Real Estate0.8%
Geography
- Japan24.99%
- United Kingdom12.70%
- Switzerland9.39%
- Germany8.65%
- France8.10%
- Netherlands7.17%
- Australia4.97%
- Spain4.86%
- 19.17%
Developed 98% · Emerging 2%
FENI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FENI$11,774
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FENI |
|---|---|
| Year to date | +10.7% |
| 1 month | −2.7% |
| 3 months | −1.2% |
| 1 year | +17.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FENI |
|---|---|---|
| 2026 YTD | +10.7% | |
| 2025 | +37.3% | |
| 2024 | +7.0% | |
| 2023 | +5.3% |
FENI in the news
FENI Dividends
- 3.07%
- $1.22
- $0.21 per share
- Quarterly
Distribution history
FENI Risk
- 11.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.34
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FENI Cost
0.28%
FENI0.28%
- The middle half of International Multifactor funds
- Median 0.35%
9 of the 30 International Multifactor funds charge less.
Other funds in International Multifactor
- BQEFAState Street SPDR MSCI EAFE StrategicFactors ETFExpense ratio 0.30%1 year return +15.9%
- BDEEFXtrackers FTSE Developed ex US Multifactor ETFExpense ratio 0.24%1 year return +17.9%
- BQWLDState Street SPDR MSCI World StrategicFactors ETFExpense ratio 0.30%1 year return +15.4%
- BQINTAmerican Century Quality Diversified International ETFExpense ratio 0.34%1 year return +17.8%
- CGSEUGoldman Sachs ActiveBeta Europe Equity ETFExpense ratio 0.25%1 year return +12.4%