---
ticker: "FNCL"
name: "Fidelity MSCI Financials Index ETF"
url: "https://etf.net/etf/FNCL"
grade: "A"
score: 76
graded_at: "2026-10-12"
category: "Financials (Broad)"
category_rank: "2 of 18"
methodology: "https://etf.net/methodology"
---

# FNCL: Fidelity MSCI Financials Index ETF

Grade **A**, Score 76 of 100. Rank 2 of 18 in Financials (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 97 | 1 of 18 |
| Mission | 81 | 6 of 10 |
| Risk | 58 | 8 of 18 |
| Tradability | 70 | 4 of 18 |
| Holdings | 53 | 11 of 18 |
| Durability | 54 | 9 of 18 |

## Top holdings

The fund holds 385 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | JPM | JPMorgan Chase & Co | 10.30% |
| 2 | BRK.B | Berkshire Hathaway Inc Class B | 8.46% |
| 3 | V | Visa Inc Class A | 7.44% |
| 4 | MA | Mastercard Inc Class A | 5.56% |
| 5 | BAC | Bank of America Corporation | 4.10% |
| 6 | GS | Goldman Sachs Group Inc | 3.07% |
| 7 | WFC | Wells Fargo & Co | 2.94% |
| 8 | MS | Morgan Stanley | 2.61% |
| 9 | C | Citigroup Inc | 2.57% |
| 10 | AXP | American Express Co | 1.90% |
| 11 | SCHW | Schwab Charles Corp | 1.86% |
| 12 | BLK | BlackRock Inc | 1.85% |
| 13 | PGR | Progressive Corp Ohio | 1.48% |
| 14 | SPGI | S&P Global Inc | 1.44% |
| 15 | 0VQD.L | Chubb Ltd | 1.39% |
| 16 | COF | Capital One Financial Corp | 1.36% |
| 17 | CME | Cme Group Inc Class A | 1.18% |
| 18 | BNY | Bank of New York Mellon Corp | 1.13% |
| 19 | USB | Us Bancorp Del | 1.03% |
| 20 | ICE | Intercontinental Exchange Inc | 1.03% |
| 21 | PNC | Pnc Financial Services Grp Inc | 1.02% |
| 22 | BX | Blackstone Inc | 0.99% |
| 23 | MRSH | Marsh & Mclennan Cos Inc | 0.99% |
| 24 | HOOD | Robinhood Markets Inc | 0.95% |
| 25 | TRV | Travelers Companies Inc | 0.90% |
| 26 | — | Securities Lending Cf | 0.88% |
| 27 | MCO | Moodys Corp | 0.80% |
| 28 | ALL | Allstate Corporation | 0.70% |
| 29 | AJG | Arthur J Gallaghar and Co | 0.70% |
| 30 | KKR | Kkr & Co Inc | 0.67% |

Source: etf.net, https://etf.net/etf/FNCL. Please cite the page URL.