Key stats
About Fidelity Quality Factor ETF
Expense ratio
0.15%
Home page
Inception date
Sep 12, 2016
FQAL tracks an index of large and mid- cap US companies with an emphasis upon balance sheet measures of quality. The top 1,000 stocks by market cap are scored based upon free cash flow margin, cash flow stability and return on invested capital. The highest scores per sector are included in the index. Sectors are cap-weighted to provide more market- like exposure. Within each sector, chosen stocks start with a combination of their cap weight and factor score. Any additional market cap from the deselected stocks is equally allocated among the remaining stocks in the sector. The fund is rebalanced semi-annually.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Health Technology
Stock breakdown by region