Key stats
About FIDELITY U S LOW VOLATILITY ET
Expense ratio
0.39%
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Inception date
Jan 18, 2019
The fund of fund is passively managed to provide exposure to large- and mid-cap US stocks that exhibit low volatility. The fund employs a smart beta investment and rules-based proprietary index methodology, to provide investors with exposure to targeted strategic factors. The starting universe is composed of the largest 1,000 US stocks. Stocks are screened further based on their composite factor score based on low volatility factors (beta, standard deviation of price returns and earnings per share). Size bias is removed by blending the composite score with a size factor. Within each sector, securities are selected based on the size-adjusted composite score. Between 60 to 100 stocks are selected, and groups with lower volatilities are given more weight. The index is rebalanced semi-annually.
Classification
What's in the fund
Exposure type
Technology Services
Finance
Electronic Technology
Consumer Non-Durables
Stock breakdown by region