{
 "ticker": "FRNW",
 "name": "Fidelity Clean Energy ETF",
 "issuer": "Fidelity",
 "desk": "themes",
 "url": "https://etfiq.com/funds/frnw",
 "html": "https://etfiq.com/funds/frnw",
 "markdown": "https://etfiq.com/funds/frnw.md",
 "as_of": "2026-09-11",
 "verdict": "FRNW holds 50 stocks, and 90% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "9.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FRNW, already in the S&P 500: 9.7%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FRNW, active share vs the S&P 500: 99.5%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "37.9%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FRNW, top ten holdings: 37.9%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+22.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "FRNW, total return, 1 year: +22.1%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$97m",
   "source": "the issuer own figure for this ETF, month end, as of Aug 31, 2026",
   "as_of": "2026-09-11",
   "sentence": "FRNW, net assets: $97m (the issuer own figure for this ETF, month end, as of Aug 31, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.39%",
   "source": "485BPOS XBRL, Oct 27, 2025",
   "as_of": "2026-09-11",
   "sentence": "FRNW, expense ratio: 0.39% (485BPOS XBRL, Oct 27, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Clean energy",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Oct 7, 2021",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "9.7%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.5%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "37.9%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "50",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "GE VERNOVA INC 6.0%, VESTAS WIND SYSTEMS AS 4.7%, BLOOM ENERGY CORP 4.5%, EDP S.A. 3.7%, FIRST SOLAR INC 3.7%, NEXTPOWER INC 3.3%, ENLIGHT RENEWABLE ENERGY LTD 3.2%, ACCIONA SA 3.0%, ORSTED A/S 2.9%, NORDEX SE 2.8%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$97m",
   "source": "the issuer own figure for this ETF, month end, as of Aug 31, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221220.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.39%",
   "source": "485BPOS XBRL, Oct 27, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.39%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "VCLN 36%, TAN 32%, CNRG 32%, ICLN 31%, ACES 28%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221210.3%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221213.7 pts",
   "Gap to Nasdaq-100": "\u22129.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22120.7%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221216.7 pts",
   "Gap to Nasdaq-100": "\u221221.4 pts"
  },
  {
   "window": "1 year",
   "Total return": "+22.1%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+4.7 pts",
   "Gap to Nasdaq-100": "\u22120.8 pts"
  },
  {
   "window": "3 years",
   "Total return": "+34.9%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "\u221243.0 pts",
   "Gap to Nasdaq-100": "\u221260.2 pts"
  },
  {
   "window": "Since launch",
   "Total return": "\u22127.8%",
   "S&P 500": "+85.8%",
   "Gap to S&P 500": "\u221293.6 pts",
   "Gap to Nasdaq-100": "\u2212110.5 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of FRNW is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 10% of FRNW by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does FRNW hold?",
   "a": "50 positions as filed for Jun 30, 2026, with the top ten at 38% of the fund. The largest are GE VERNOVA INC at 6.0%, VESTAS WIND SYSTEMS AS at 4.7%, BLOOM ENERGY CORP at 4.5%."
  },
  {
   "q": "Has FRNW beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 FRNW returned +22.1% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 4.7 points."
  },
  {
   "q": "What does FRNW cost?",
   "a": "The prospectus expense ratio is 0.39% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.39%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}