# Fidelity Clean Energy ETF (FRNW): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/frnw for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Passive Index · Inception: 2021-10-05 Fidelity Covington Trust - Fidelity Clean Energy ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Geode Capital Management, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across utilities, independent power and renewable electric producers, renewable electricity, electric power by solar energy, electric power by wind energy, hydrogen and other renewable sources sectors. It invests in growth and value stocks of companies across diversified market capitaliz... ## Key Facts | Metric | Value | |---|---| | Price | $20.25 | | Expense Ratio | 0.39% | | Assets Under Management | $91.2M | | NAV | $20.14 | | Holdings Count | 65 | | Distribution Yield (TTM) | 1.20% | | Annual Distribution (TTM) | $0.24 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $19.24 – $27.97 | | Beta | 1.53 | ## Latest Distribution - Amount: $0.0490 /share - Ex-date: 2026-09-18 - Pay date: 2026-09-22 ## Frequently Asked Questions ### What does FRNW invest in? Fidelity Covington Trust - Fidelity Clean Energy ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Geode Capital Management, LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across utilities, independent power and renewable electric producers, renewable electricity, electric power by solar energy, electric power by wind energy, hydrogen and other renewable sources sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the Fidelity Clean Energy Index. Fidelity Covington Trust - Fidelity Clean Energy ETF was formed on October 5, 2021 and is domiciled in the United States. ### What is the expense ratio of FRNW? Fidelity Clean Energy ETF (FRNW) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FRNW? Fidelity Clean Energy ETF (FRNW) manages $91.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FRNW actively managed or an index fund? FRNW is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FRNW's is 0.39%) because there's no security selection cost. ### When was FRNW launched? Fidelity Clean Energy ETF (FRNW) launched in October 2021 and is managed by Fidelity. ### How has FRNW performed? FRNW's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FRNW pay a dividend? Fidelity Clean Energy ETF (FRNW) currently distributes little or no income. Trailing-twelve-month yield is 1.20%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FRNW pay dividends? Fidelity Clean Energy ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FRNW's dividend yield? FRNW's trailing-twelve-month yield is 1.20%, calculated from the sum of dividends over the past year divided by the current price. ### When is FRNW's next ex-dividend date? The most recently announced ex-dividend date for FRNW was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FRNW's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FRNW charge its expense ratio? The expense ratio is deducted in tiny daily slices from FRNW's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FRNW cost more than a fund like VOO? FRNW is a passive index fund (current expense ratio 0.39%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FRNW? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FRNW (0.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/frnw - Distribution history: https://www.dividenddata.com/funds/frnw/dividend - Holdings & diversification: https://www.dividenddata.com/funds/frnw/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/frnw/expenses - Peer comparison: https://www.dividenddata.com/funds/frnw/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.