FENI - AI Analysis

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Fidelity Enhanced International ETF (FENI)

Rating:66Neutral

Price Target:

$39.00

The Fidelity Enhanced International ETF (FENI) benefits significantly from strong holdings like ASML Holding NV and Novartis AG, which contribute positively through robust financial performance, revenue growth, and strategic initiatives. However, weaker holdings such as SoftBank Group and Banco Santander, with financial risks and bearish technical trends, may have held back the fund's overall rating. A key risk factor is the ETF's exposure to companies with valuation concerns and leverage challenges, which could impact stability during market downturns.

Positive Factors

Strong Top Holdings

Several key holdings, such as SoftBank Group and Rolls-Royce, have delivered strong year-to-date performance, supporting the ETF's overall returns.

Global Diversification

The ETF has exposure to multiple countries, including Japan, the UK, and Germany, reducing reliance on any single economy.

Low Expense Ratio

The fund charges a competitive expense ratio of 0.29%, making it cost-effective compared to many international ETFs.

Negative Factors

High Financial Sector Exposure

The ETF allocates over 21% of its portfolio to financials, which could make it vulnerable to sector-specific downturns.

Underweight U.S. Exposure

With only 10.5% of the portfolio in U.S. companies, the fund may miss out on opportunities in the world's largest economy.

Small Real Estate Allocation

The ETF has minimal exposure to real estate at just 0.4%, limiting diversification into this traditionally stable sector.

FENI vs. SPDR S&P 500 ETF (SPY)

AUM4.72B

RegionDeveloped Markets

Expense Ratio0.29%

Beta0.72

IssuerFidelity

Inception DateNov 20, 2023

Dividend Yield2.49%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume961,832

30 Day Avg. Volume905,442

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

38.75

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering320

FENI Summary

The Fidelity Enhanced International ETF (FENI) is an investment fund that focuses on international markets, giving you exposure to companies from countries like Japan, the UK, and Germany. It includes well-known companies such as Sony and Nestlé, and covers a variety of industries like financials, technology, and healthcare. This ETF is designed for investors looking to diversify their portfolio beyond domestic markets and potentially benefit from growth in global economies. However, since it invests in international stocks, its performance can be affected by currency fluctuations and economic conditions in other countries.

How much will it cost me?The Fidelity Enhanced International ETF (Ticker: FENI) has an expense ratio of 0.29%, meaning you’ll pay $2.90 per year for every $1,000 invested. This cost is slightly higher than average for ETFs because it uses enhanced indexing strategies, which involve more active management compared to traditional passive ETFs. These strategies aim to optimize returns by leveraging Fidelity's research and stock selection techniques.

What would affect this ETF?The Fidelity Enhanced International ETF (FENI) could benefit from growth in developed markets outside North America, particularly if sectors like financials and industrials, which have significant weight in the ETF, experience positive trends due to economic expansion or technological advancements. However, challenges such as rising interest rates or regulatory changes in key regions could negatively impact financial and industrial companies, while global economic slowdowns might affect consumer-focused sectors and overall performance.

FENI Top 10 Holdings

The Fidelity Enhanced International ETF (FENI) leans heavily on developed markets outside North America, with a notable focus on financials and industrials. SoftBank Group has been a standout performer, riding strong momentum and driving gains for the fund, while Rolls-Royce Holdings adds a touch of resilience with its strategic progress despite financial concerns. On the flip side, Banco Santander has struggled with bearish trends and liquidity challenges, holding back broader performance. With a mix of rising stars like Sony and steady names like Nestlé, the fund balances growth and stability across diverse sectors.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
ASML	ASML Holding NV	2.57%	$122.94M	€341.65B	37.83%	78 Outperform
NOVN	Novartis AG	1.69%	$80.83M	CHF198.09B	3.36%	77 Outperform
SIE	Siemens	1.54%	$73.76M	€190.79B	36.95%	74 Outperform
NESN	Nestlé SA	1.52%	$72.73M	CHF202.47B	2.40%	65 Neutral
6758	Sony	1.34%	$64.20M	¥26.74T	68.43%	74 Outperform
SFTBF	SoftBank Group	1.33%	$63.67M	$229.24B	183.39%	65 Neutral
ROG	Roche Holding AG	1.29%	$61.59M	CHF217.35B	4.21%	73 Outperform
6501	Hitachi,Ltd.	1.24%	$59.18M	¥20.87T	20.59%	73 Outperform
SAN	Banco Santander	1.20%	$57.43M	€124.37B	94.52%	66 Neutral
SHEL	Shell (UK)	1.18%	$56.45M	£164.24B	12.56%	77 Outperform

FENI Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

34.97

Positive

100DMA

33.97

Positive

200DMA

31.74

Positive

Market Momentum

MACD

0.19

Positive

RSI

61.72

Neutral

STOCH

82.86

Negative

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For FENI, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 35.47, equal to the 50-day MA of 34.97, and equal to the 200-day MA of 31.74, indicating a bullish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 61.72 is Neutral, neither overbought nor oversold. The STOCH value of 82.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FENI.

FENI Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
FENI	―	―	$4.72B	0.29%	66 Neutral
JIRE	―	―	$9.06B	0.24%	67 Neutral
CGIE	―	―	$1.20B	0.54%	65 Neutral
IMOM	―	―	$113.49M	0.39%	66 Neutral
AIVI	―	―	$57.75M	0.58%	61 Neutral
QUIZ	―	―	$38.88M	0.56%	67 Neutral

Performance Comparison

FENI

Fidelity Enhanced International ETF

35.88

7.78

27.69%

JIRE

JPMorgan International Research Enhanced Equity ETF

―

CGIE

Capital Group International Equity ETF

―

IMOM

Alpha Architect International Quantitative Momentum ETF

―

AIVI

WisdomTree International AI Enhanced Value Fund

―

QUIZ

Zacks Quality International ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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