Key stats
About Fidelity Clean Energy ETF
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Inception date
Oct 5, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
ISIN
US3160922536
FRNW provides exposure to the global clean energy industry utilizing an ESG overlay. The fund specifically includes developed and emerging markets firms of any size that generate at least 50% of their revenue from one or more of the following business activities: clean energy distribution, clean energy equipment manufacturing, and clean energy technology. Eligible companies are initially assigned with thematic relevancy scores based on a proprietary natural language processing algorithmwhich identifies clean energy firms using keywords from publicly available company documents. Firms are then further screened for various ESG factors. The highest scored companies are selected for inclusion and are weighted by market-cap. The index rebalances quarterly.
Classification
Returns
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NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Utilities
Electronic Technology
Producer Manufacturing
Mutual fund
Stocks99.71%
Utilities32.50%
Electronic Technology23.36%
Producer Manufacturing20.13%
Industrial Services6.87%
Process Industries1.24%
Bonds, Cash & Other0.29%
Mutual fund18.84%
Futures0.01%
Cash−18.56%
Stock breakdown by region
North America43.49%
Europe28.79%
Asia19.50%
Middle East4.68%
Oceania3.54%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FRNW invests in stocks. The fund's major sectors are Utilities, with 38.54% stocks, and Electronic Technology, with 27.69% of the basket. The assets are mostly located in the North America region.
FRNW last dividends amounted to 0.12 USD. The quarter before, the issuer paid 0.01 USD in dividends, which shows a 88.14% increase.
FRNW assets under management is 29.40 M USD. It's risen 4.76% over the last month.
FRNW fund flows account for −1.92 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FRNW pays dividends to its holders with the dividend yield of 1.21%. The last dividend (Jun 24, 2025) amounted to 0.12 USD. The dividends are paid quarterly.
FRNW shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Oct 5, 2021, and its management style is Passive.
FRNW expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
FRNW follows the Fidelity Clean Energy Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FRNW invests in stocks.
FRNW price has risen by 5.46% over the last month, and its yearly performance shows a 19.95% increase. See more dynamics on FRNW price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.02% over the last month, showed a 18.37% increase in three-month performance and has increased by 17.25% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.02% over the last month, showed a 18.37% increase in three-month performance and has increased by 17.25% in a year.
FRNW trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.