Fidelity Momentum Factor ETFFidelity Momentum Factor ETFFidelity Momentum Factor ETF

Fidelity Momentum Factor ETF

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Key stats


Assets under management (AUM)
‪515.37 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
0.82%
Discount/Premium to NAV
Shares outstanding
‪6.50 M‬
Expense ratio
0.16%

About Fidelity Momentum Factor ETF


Issuer
FMR LLC
Brand
Fidelity
Inception date
Sep 12, 2016
Structure
Open-Ended Fund
Index tracked
Fidelity U.S. Momentum Factor Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
ISIN
US3160928160
FDMO hunts among the 1,000 largest US stocks for those with positive price momentum. Potential holdings are screened using a scoring system based on four metrics: high total return, high volatility-adjusted return, high positive earnings surprises, and low average short interest. Factor scores are also scaled by market cap. The portfolio is weighted so that sector exposure reflects the neutral market, with holdings within sectors weighted by a combination of market cap and factor score. The fund is rebalanced quarterly.

Broaden your horizons with more funds linked to FDMO via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Multi-factor
Geography
U.S.
Weighting scheme
Tiered
Selection criteria
Multi-factor
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Finance
Stock breakdown by region
98%1%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FDMO assets under management is ‪515.37 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FDMO invests in stocks. See more details in our Analysis section.
FDMO expense ratio is 0.16%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FDMO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FDMO pays dividends to its holders with the dividend yield of 0.82%.
FDMO shares are issued by FMR LLC
FDMO follows the Fidelity U.S. Momentum Factor Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 12, 2016.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.