ETF Evaluator: Fidelity MSCI North American SbsetIdxETF (FINA) Follow This ETF

Fidelity MSCI North American SbsetIdxETF Overview

Fidelity MSCI North American SbsetIdxETF (FINA) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). Fidelity Investments launched the ETF in 2026.

The investment seeks to track the investment results of the MSCI Global 500 Select - North America Subset Index. Normally investing at least 80% of assets in securities included in the MSCI Global 500 Select - North America Subset Index. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives.

About Fidelity MSCI North American SbsetIdxETF (FINA)

There are 5 members of the management team with an average tenure of 0.07 years: Louis Bottari (2026), Payal Gupta (2026), Peter Matthew (2026), Navid Sohrabi (2026) and Robert Regan (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: MSCI Glbl 500 Slct - NrthAmrcSbst TR USD index with a weighting of 100%. Fidelity MSCI North American SbsetIdxETF has 280 securities in its portfolio. The top 10 holdings constitute 35.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Fidelity MSCI North American SbsetIdxETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Fidelity MSCI North American SbsetIdxETF has 5.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.9% There is 5.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Fidelity MSCI North American SbsetIdxETF has -0.1% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FINA Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Fidelity MSCI North American SbsetIdxETF expense ratio is low compared to funds in the Large Blend category. Fidelity MSCI North American SbsetIdxETF has an expense ratio of 0.09%, which is 78% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Fidelity MSCI North American SbsetIdxETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.

Recently, in the month of July 2026, Fidelity MSCI North American SbsetIdxETF returned 0.0%, which earned it a grade of NA, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Fidelity MSCI North American SbsetIdxETF has a trailing yield of 0.00%, which is below the 1.16% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

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