Key stats
About Fidelity Quality Factor ETF
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Inception date
Sep 12, 2016
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stocks99.60%
Technology Services21.39%
Electronic Technology20.04%
Finance9.82%
Health Technology9.37%
Retail Trade6.41%
Commercial Services6.41%
Consumer Services5.06%
Consumer Non-Durables4.18%
Producer Manufacturing4.16%
Utilities2.60%
Energy Minerals2.51%
Transportation1.44%
Process Industries1.31%
Communications1.16%
Distribution Services1.14%
Non-Energy Minerals0.95%
Industrial Services0.62%
Miscellaneous0.30%
Bonds, Cash & Other0.40%
Mutual fund1.10%
Government0.02%
Futures0.01%
Cash−0.72%
Stock breakdown by region
North America97.42%
Europe2.58%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history