Fidelity’s sustainable lineup in August 2026 is 18 named funds and ETFs plus a series of sustainable target date funds, and it is smaller than it was a year ago. On 16 October 2025 Fidelity announced the liquidation of five exchange-traded funds, four of which were sustainable: the Sustainable U.S. Equity ETF (FSST), the Women’s Leadership ETF (FDWM), the Sustainable Core Plus Bond ETF (FSBD) and the Sustainable Low Duration Bond ETF (FSLD). They stopped trading after 13 November 2025 and liquidated on or about 20 November 2025. Only two Fidelity sustainable ETFs are left: the Clean Energy ETF (FRNW) and the Sustainable High Yield ETF (FSYD). Everything else in the range is a mutual fund, and the cheapest of them costs 0.10% a year while the most expensive costs 1.21%.
Fidelity ESG funds in 2026: the short version
- Fidelity lists 18 named sustainable funds and ETFs, plus its Sustainable Target Date series, as of 14 August 2026.
- Four sustainable ETFs were liquidated in November 2025. Fidelity’s stated reason was that they “had limited success in garnering assets and shareholder interest”.
- The bond strategies survived the ETF cull as mutual funds. FSBD and FSLD closed, but FIAEX and FAPGX run comparable mandates.
- Cost inside the family ranges 12-fold, from 0.10% for the Sustainability Bond Index Fund to 1.21% for the Climate Action Fund.
- The three index funds hold roughly $6.9 billion between them. Most of the actively managed funds hold under $200 million each.
This article is educational and is not financial advice. Every figure below carries the date it was read. Fund assets and expense ratios change; check the fund’s own page before you buy.
Which Fidelity ESG funds still exist in 2026?
Eighteen named sustainable funds and ETFs appear on Fidelity’s own sustainable investing page, read on 14 August 2026, alongside a series of Sustainable Target Date funds. The table groups them by the job they do in a portfolio. Expense ratios and net assets are third-party figures read in August 2026 and are marked where a source date is published.
| Fund | Ticker | Type | Expense ratio | Net assets |
|---|---|---|---|---|
| U.S. Sustainability Index Fund | FITLX | Index equity | 0.11% | ~$5.5B |
| International Sustainability Index Fund | FNIDX | Index equity | 0.20% | ~$788M (21 Jul 2026) |
| Sustainability Bond Index Fund | FNDSX | Index bond | 0.10% | ~$634M (29 May 2026) |
| Environment & Alternative Energy Fund | FSLEX | Active equity | 0.69% | ~$620M |
| Water Sustainability Fund | FLOWX | Active equity | 0.92% | ~$161M |
| Women’s Leadership Fund | FWOMX | Active equity | 0.68% | ~$115M to $151M |
| Climate Action Fund | FCAEX | Active equity | 1.21% | $53.2M (12 Aug 2026) |
| Environmental Bond Fund | FFEBX | Active bond | 0.45% | ~$49.6M (28 Feb 2026) |
| Sustainable U.S. Equity Fund | FSEBX | Active equity | 0.90% | ~$32M |
| Healthy Future Fund | FAPHX | Active equity | Not verified | Not verified |
| Sustainable International Equity Fund | FSYRX | Active equity | Not verified | Not verified |
| Sustainable Emerging Markets Equity Fund | FSYJX | Active equity | Not verified | Not verified |
| Sustainable Multi-Asset Fund | FYMRX | Active multi-asset | Not verified | Not verified |
| Sustainable Core Plus Bond Fund | FIAEX | Active bond | Not verified | Not verified |
| Sustainable Low Duration Bond Fund | FAPGX | Active bond | Not verified | Not verified |
| Sustainable Intermediate Municipal Income Fund | FSIKX | Active muni bond | Not verified | Not verified |
| Clean Energy ETF | FRNW | ETF | Not verified | Not verified |
| Sustainable High Yield ETF | FSYD | ETF | Not verified | Not verified |
Sources disagree on the size of the Women’s Leadership Fund, reporting between roughly $115 million and $151 million in August 2026. That range is shown rather than resolved, because the gap is a reporting-date artefact and either number leads to the same conclusion: it is a small fund.
Which Fidelity sustainable funds were closed?
Four of them, all exchange-traded, in November 2025. Fidelity supplemented each prospectus after the close of business on 16 October 2025, halted trading and creation orders after the close on 13 November 2025, and liquidated the funds on or about 20 November 2025. No shareholder vote was required. Shares stopped trading on NYSE Arca on 13 November, and between that date and the liquidation there was no market in them at all.
| Closed fund | Ticker | Assets at announcement | Last trading day | Liquidated |
|---|---|---|---|---|
| Fidelity Sustainable U.S. Equity ETF | FSST | $17.2M | 13 Nov 2025 | on or about 20 Nov 2025 |
| Fidelity Sustainable Core Plus Bond ETF | FSBD | $11.9M | 13 Nov 2025 | on or about 20 Nov 2025 |
| Fidelity Sustainable Low Duration Bond ETF | FSLD | $5.0M | 13 Nov 2025 | on or about 20 Nov 2025 |
| Fidelity Women’s Leadership ETF | FDWM | $4.5M | 13 Nov 2025 | on or about 20 Nov 2025 |
Fidelity gave a plain reason: these ETFs “have had limited success in garnering assets and shareholder interest since their launch”. Read against the numbers, that is unarguable. The four sustainable ETFs held about $38.6 million between them, against more than $144 billion across Fidelity’s roughly 70 exchange-traded products at the same date.
If you held one of these ETFs, the liquidation was a taxable event outside a tax-advantaged account: the proceeds are generally treated as received in exchange for your shares and produce a capital gain or loss against your cost basis.
Did the closed strategies disappear entirely?
Two of the four did not. The Sustainable Core Plus Bond and Sustainable Low Duration Bond mandates still exist as mutual funds, FIAEX and FAPGX, and both remain on Fidelity’s sustainable list today. What Fidelity retired was the ETF wrapper around those strategies, not the strategies themselves. The Sustainable U.S. Equity mandate also survives in mutual fund form as FSEBX. Only the Women’s Leadership ETF lost its ETF share class while its sibling mutual fund, FWOMX, continued.
That distinction matters if you are comparing wrappers rather than strategies. A closed ETF is not evidence that a manager abandoned a theme. In this case it is evidence that ETF investors did not turn up, while the mutual fund share classes had enough assets to keep running.
Which Fidelity sustainable ETFs can you still buy?
Two. The Fidelity Clean Energy ETF (FRNW) invests in companies that produce or distribute renewable energy or supply the technology and equipment behind it, covering solar, wind and hydrogen. The Fidelity Sustainable High Yield ETF (FSYD) is an actively managed bond ETF seeking income from high yield bonds with high ESG ratings. Both appear on Fidelity’s sustainable list as of 14 August 2026.
Anyone who wants broad ESG index exposure in an ETF wrapper has to look outside Fidelity. Our guides to iShares ESG index funds and how to choose sustainable ETFs cover the alternatives, and Fidelity’s brokerage will hold them either way.
Which Fidelity ESG fund is cheapest?
The Sustainability Bond Index Fund (FNDSX) at 0.10%, followed by the U.S. Sustainability Index Fund (FITLX) at 0.11% and the International Sustainability Index Fund (FNIDX) at 0.20%. The most expensive is the Climate Action Fund (FCAEX) at 1.21%. That is a 12-fold spread inside one fund family, and it is the single most consequential number on this page.
| Fund | Expense ratio | Annual cost on $10,000 | Annual cost on $100,000 |
|---|---|---|---|
| FNDSX | 0.10% | $10 | $100 |
| FITLX | 0.11% | $11 | $110 |
| FNIDX | 0.20% | $20 | $200 |
| FFEBX | 0.45% | $45 | $450 |
| FWOMX | 0.68% | $68 | $680 |
| FSLEX | 0.69% | $69 | $690 |
| FSEBX | 0.90% | $90 | $900 |
| FLOWX | 0.92% | $92 | $920 |
| FCAEX | 1.21% | $121 | $1,210 |
Holding $100,000 in the Climate Action Fund rather than the U.S. Sustainability Index Fund costs $1,100 more per year. Over ten years, before any compounding on the money you did not lose to fees, that is $11,000. The active fund has to beat the index fund by more than 1.1 percentage points a year just to draw level.
What does Fidelity’s climate fund actually hold?
Large-cap technology, mostly. As of 12 August 2026 the Climate Action Fund’s ten largest positions were Alphabet at 7.07%, NVIDIA at 6.07%, Apple at 5.15%, Microsoft at 3.71%, Tesla at 2.94%, Deere at 2.16%, Morgan Stanley at 2.09%, Gilead Sciences at 2.01%, Keysight Technologies at 1.99% and Lowe’s at 1.79%. Those ten are about 35% of a 100-stock portfolio, and 85% of the fund sits in U.S. companies.
This is not a criticism of the fund, which is doing what its prospectus says. It invests at least 80% of assets in “climate aware” companies, defined as those with a low carbon transition score of neutral or better in the MSCI World Climate Change Index, or an above-average environmental pillar score. Firms that use a lot of electricity but emit little directly qualify comfortably. It is worth knowing before you pay 1.21% for something that overlaps heavily with a plain U.S. large-cap fund.
The same caution applies across the category. ESG rating agencies disagree with each other far more than most investors assume, which is why two funds with similar labels can hold very different companies. Our explainer on how ESG rating agencies score companies covers why.
Index or active: which suits an ESG allocation?
The three index funds are the low-cost core of the range and hold roughly $6.9 billion between them. The actively managed funds are mostly small, several under $60 million, and carry between six and twelve times the fee. A small fund is not automatically a bad fund, but the November 2025 closures show what Fidelity does with sustainable products that stay small: it shuts them.
| If you want | Consider | Why |
|---|---|---|
| Broad U.S. equity with an ESG screen | FITLX | Cheapest equity option at 0.11%, tracks a broad U.S. benchmark tilted to high ESG ratings |
| Developed international exposure | FNIDX | The only index international option in the range, 0.20% |
| Core bond exposure | FNDSX | Cheapest fund in the whole lineup at 0.10% |
| A specific environmental theme | FSLEX or FLOWX | Concentrated sector funds, priced accordingly, with far narrower diversification |
| An ETF wrapper | FRNW or FSYD | The only two sustainable ETFs Fidelity still runs |
| A single all-in-one holding | FYMRX or a Sustainable Target Date fund | Multi-asset, no rebalancing work on your side |
What do Fidelity’s sustainable funds screen out?
Each fund applies what Fidelity calls sustainable investing exclusion criteria, which avoid issuers “directly engaged in, and/or derive significant revenue from, certain industries”. Fidelity does not publish one master list covering the whole range. The exclusions differ fund by fund, and each prospectus states its own set in a section headed “Fund Basics, Investment Details, Sustainable Investing Exclusions”. That section is worth reading before you buy, because it is the only place a fund commits to what it will not own.
Two practical consequences follow. Exclusions change what a fund can own, so an ESG version of a broad index will not track that index exactly. And because there is no industry-standard definition of a sustainable fund, a screen that satisfies one investor will disappoint another. Fidelity says as much in its own disclosures.
What do the Fidelity sustainability index funds track?
Broad market benchmarks tilted toward companies with high ESG ratings. Fidelity describes the U.S. Sustainability Index Fund as tracking “a domestic stock benchmark that targets companies with high ESG ratings, while seeking to maintain broad market exposure”, and the International Sustainability Index Fund the same way for international stocks. The Sustainability Bond Index Fund tracks a benchmark of investment-grade government, corporate and asset-backed securities from issuers with strong sustainability profiles.
The phrase doing the work is “while seeking to maintain broad market exposure”. These are not concentrated ESG portfolios. They are broad-based sustainable index funds that keep sector weights close to the parent market and lean within each sector toward higher-rated issuers. That is why FITLX behaves much like a plain U.S. large-cap index fund and why its 0.11% fee is close to a conventional index fee rather than an active one.
The actively managed funds work differently. Fidelity Management & Research Company LLC (FMR) applies its own ESG profile rating alongside third-party data from providers such as MSCI and CDP. The Climate Action Fund, for example, defines its universe by a low carbon transition score of neutral or better within the MSCI World Climate Change Index, or an above-average environmental pillar score. A company with proven or improving sustainability practices can qualify even if its business has nothing obvious to do with climate.
Is there a single-fund Fidelity sustainable option?
Two, depending on how you want the glide path handled. The Sustainable Multi-Asset Fund (FYMRX) combines asset allocation, stock selection and ESG integration in one diversified portfolio aimed at long-term growth. The Fidelity Sustainable Target Date series invests in a mix of sustainable assets that shifts automatically as an investor’s target retirement date approaches, which makes it a lifetime option held in a single fund.
Target date funds become more conservative as the date nears and beyond it, and principal is not guaranteed at any point. If you want to compare the field rather than stay inside one provider, our guide to ESG target date funds sets out the alternatives.
What are the risks in Fidelity’s sustainable funds?
The same risks as any other fund, plus one that is specific to ESG screening. Fidelity states the last one directly: applying its ESG ratings process and exclusion criteria may affect a fund’s exposure to certain issuers, sectors, regions and countries, and may affect performance depending on whether those investments are in or out of favour. Investing on ESG criteria can mean forgoing opportunities that an unscreened fund would take.
| Risk | Which funds it bites | What it means in practice |
|---|---|---|
| Interest rate risk | FNDSX, FFEBX, FIAEX, FAPGX, FSIKX, FSYD | As interest rates rise, bond prices usually fall, and the effect is larger for longer-dated securities |
| Credit and default risk | All bond funds, most of all FSYD | Issuers and counterparties can miss payments; high yield bonds default more often than investment grade |
| Inflation and liquidity risk | All bond funds | Fixed payments lose purchasing power, and unlike a single bond most funds have no maturity date to hold to |
| Foreign and emerging market risk | FNIDX, FSYRX, FSYJX | Currency, political and economic developments add volatility, and these are amplified in emerging markets |
| Concentration risk | FSLEX, FLOWX, FRNW, FCAEX | Single-theme funds move on one sector’s fortunes; stock markets are volatile and can swing sharply on industry or regulatory news |
| ESG screening risk | Every fund in the range | Exclusions change the opportunity set and can help or hurt relative performance in any given year |
Fidelity’s standing instruction applies here as well as anywhere: before investing in any mutual fund or exchange-traded fund, consider its investment objectives, risks, charges and expenses, which means reading the prospectus rather than a fund’s marketing page. Past performance data does not predict a fund’s performance from here.
How do you buy Fidelity ESG funds?
Open or log in to a Fidelity brokerage account, search the ticker, and place a buy order. Fidelity charges no commission on its own mutual funds, and the retail share classes shown here have no sales load. Mutual funds price once a day at the closing net asset value, so an order placed mid-morning fills at that evening’s NAV rather than at the price on screen when you clicked.
You do not need a Fidelity account to own most of these strategies indirectly. Other brokers carry Fidelity funds, though some charge a transaction fee. If you are comparing providers first, we cover Vanguard’s ESG funds and Charles Schwab’s ESG funds in separate guides, and the broader field in our roundup of socially responsible mutual funds.
Four mistakes to avoid with Fidelity ESG funds
- Buying a ticker from an old article without checking it still trades. FSST and FDWM were widely recommended in 2024 and 2025 and have not existed since November 2025.
- Assuming an ESG label means a different portfolio. The Climate Action Fund’s top five holdings are Alphabet, NVIDIA, Apple, Microsoft and Tesla, which most broad U.S. funds also hold.
- Paying an active fee for index-like exposure. A 1.21% fund needs a persistent margin over a 0.11% fund to justify itself, and few sustain one.
- Ignoring fund size. Fidelity closed four sustainable ETFs holding a combined $38.6 million. Very small funds carry closure risk, and closure in a taxable account creates a taxable event you did not choose.
Fidelity ESG funds: frequently asked questions
How many ESG funds does Fidelity offer?
Eighteen named sustainable funds and ETFs, plus a series of Sustainable Target Date funds, as listed on Fidelity’s sustainable investing page on 14 August 2026. Sixteen are mutual funds and two are ETFs.
Is FSST still available?
No. The Fidelity Sustainable U.S. Equity ETF (FSST) stopped trading after 13 November 2025 and liquidated on or about 20 November 2025. The equivalent mutual fund, FSEBX, still exists.
What is the cheapest Fidelity ESG fund?
The Sustainability Bond Index Fund (FNDSX) at 0.10% a year, which is $10 annually per $10,000 invested. Among equity options, the U.S. Sustainability Index Fund (FITLX) is cheapest at 0.11%.
Does Fidelity have an ESG index ETF?
Not as of August 2026. The two surviving sustainable ETFs are the Clean Energy ETF (FRNW), a thematic fund, and the Sustainable High Yield ETF (FSYD), an actively managed bond fund. Broad ESG index exposure at Fidelity comes through the index mutual funds FITLX, FNIDX and FNDSX.
Is there a minimum investment?
Fidelity’s retail mutual fund share classes carry no stated minimum for a standard taxable account, and the Climate Action Fund is listed with a $0 minimum. Minimums differ by share class, so check the class you are actually buying rather than the fund name.
Why did Fidelity close its sustainable ETFs?
Fidelity’s stated reason was that the ETFs “have had limited success in garnering assets and shareholder interest since their launch”. The four sustainable ETFs held about $38.6 million between them at 30 September 2025, against more than $144 billion across Fidelity’s exchange-traded range.
Are ESG funds a good investment?
There is no single answer, and anyone offering one is selling something. An ESG screen changes which companies a fund can own, which changes returns in both directions depending on which sectors lead. What is measurable is cost: inside Fidelity’s own range the same broad U.S. exposure is available at 0.11% or at 1.21%, and fee differences compound with certainty while performance differences do not.
Does Fidelity have an ESG fund?
Yes, 18 of them as of 14 August 2026, plus a sustainable target date series. Sixteen are mutual funds and two are ETFs, spanning U.S. and international equity, investment-grade and high yield bonds, municipal bonds and multi-asset portfolios.
How this list was compiled
The lineup was taken from Fidelity’s own sustainable investing page on 14 August 2026 rather than from a previous version of this article, which is how the two liquidated ETFs were caught. Closure dates, assets at closure and Fidelity’s stated reasoning come from Fidelity’s liquidation question-and-answer document dated 16 October 2025 and the accompanying press release. Expense ratios and net assets are third-party fund data read in August 2026, with the publisher’s own as-of date shown where one is given. Where a figure could not be verified this month, the table says so rather than carrying an older number forward. Holdings data for the Climate Action Fund is as of 12 August 2026.
Last updated 14 August 2026. This revision removed two exchange-traded funds that no longer exist (FSST and FDWM), added the nine live Fidelity sustainable funds the article had omitted, added the two surviving sustainable ETFs, and replaced undated marketing copy with dated cost and asset figures.
The Impact Investor publishes educational research, not financial advice. Nothing here is a recommendation to buy or sell any fund. Fund costs, holdings and availability change, and past performance does not predict future results. Consider your own circumstances and speak to a licensed adviser before investing. We may earn a commission from some partner links on this site, which never affects which funds we cover or what we say about them.