Fidelity Enhanced International ETF
$40.21−0.61 (−1.50%)
- Expense ratio
- 0.28%
- Fund size
- $11.5B
- 1Y return
- +19.8%
- Yield · Last 12 months
- 2.98%
- Holdings
- 313
- Volume · 30D
- 1.4M sh
- NAV per share
- $40.46
- 52W range
The ETF.net FENI Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 85Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 53Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
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
- 313
- 15%
- ASML.AS
Sectors
- Financials26.9%
- Industrials20.8%
- Technology12.7%
- Health Care9.4%
- Consumer Discr.7.1%
- Cons. Staples5.5%
- Materials4.7%
- Communication4.4%
- Energy3.9%
- Utilities3.6%
- Real Estate1.0%
Geography
- Japan24.11%
- United Kingdom12.82%
- Switzerland8.96%
- Germany8.73%
- France8.30%
- Netherlands6.80%
- Spain5.13%
- Australia4.89%
- 20.26%
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.
Returns run to the Sep 22, 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 | +14.1% |
| 1 month | −1.6% |
| 3 months | +1.4% |
| 1 year | +19.8% |
| 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 | +14.1% | |
| 2025 | +37.3% | |
| 2024 | +7.0% | |
| 2023 | +5.3% |
FENI in the news
ETF.net Research hasn’t filed on FENI yet — coverage lands here as it’s written.
FENI Dividends
- 2.98%
- $1.22
- $0.21 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Sep 22, 2026 | $0.21 |
| Jun 18, 2026 | Jun 23, 2026 | $0.37 |
| Mar 20, 2026 | Mar 24, 2026 | $0.27 |
| Dec 19, 2025 | Dec 23, 2025 | $0.36 |
| Sep 19, 2025 | Sep 23, 2025 | $0.17 |
| Jun 20, 2025 | Jun 24, 2025 | $0.34 |
| Mar 21, 2025 | Mar 25, 2025 | $0.22 |
| Dec 20, 2024 | Dec 24, 2024 | $0.16 |
| Sep 20, 2024 | Sep 24, 2024 | $0.16 |
| Jun 21, 2024 | Jun 25, 2024 | $0.28 |
| Mar 15, 2024 | Mar 20, 2024 | $0.23 |
| Nov 14, 2023 | Nov 15, 2023 | $0.06 |
FENI Risk
- 11.5%
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.
- 1.50
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
- The middle half of International Multifactor funds
- Median 0.35%
9 of the 30 International Multifactor funds charge less.