Key stats
About FIDELITY INTERNATL HIGH QUALITY ETF INTERNATIONAL HIGH QUALITY IDX ETF CAD(U
Expense ratio
0.62%
Home page
Inception date
Jan 18, 2019
ISIN
CA31623X1096
The fund is passively managed to build a high quality portfolio of large- and mid-cap stocks from developed markets outside US and Canada. Taken from a universe of the largest 1,000 developed ex-North America stocks, eligible securities are ranked within their respective sectors based on a composite quality score, subject to a size factor adjustment. The quality score is taken from the weighted average of three fundamental metrics: free cash flow margin, return on invested capital, and free cash flow stability, except for banks wherein ROE and debt to assets are considered instead. The resulting portfolio of about 60-100 stocks is weighted to increase exposure to high-quality sectors based on return on invested capital. The index is rebalanced on a semi-annual basis.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Stock breakdown by region