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Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Quality Factor ETF

FQAL | ETF

$68.08

$879 M

1.19%

$0.81

0.16%

Vitals

YTD Return

26.1%

1 yr return

30.8%

3 Yr Avg Return

10.1%

5 Yr Avg Return

14.6%

Net Assets

$879 M

Holdings in Top 10

35.9%

52 WEEK LOW AND HIGH

$67.9
$52.16
$68.08

Expenses

OPERATING FEES

Expense Ratio 0.16%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 35.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/02/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Quality Factor ETF

FQAL | ETF

$68.08

$879 M

1.19%

$0.81

0.16%

FQAL - Profile

Distributions

  • YTD Total Return 26.1%
  • 3 Yr Annualized Total Return 10.1%
  • 5 Yr Annualized Total Return 14.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity Quality Factor ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Sep 15, 2016
  • Shares Outstanding
    5350000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Louis Bottari

Fund Description

Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor IndexSM, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market. Lending securities to earn income for the fund.
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FQAL - Performance

Return Ranking - Trailing

Period FQAL Return Category Return Low Category Return High Rank in Category (%)
YTD 26.1% 4.0% 45.0% 50.54%
1 Yr 30.8% 5.7% 56.8% 55.23%
3 Yr 10.1%* -3.3% 18.3% 60.03%
5 Yr 14.6%* -0.4% 110.3% 44.92%
10 Yr N/A* 2.9% 52.5% 78.18%

* Annualized

Return Ranking - Calendar

Period FQAL Return Category Return Low Category Return High Rank in Category (%)
2023 22.4% -42.6% 47.4% 29.45%
2022 -20.9% -56.3% -4.2% 48.80%
2021 30.4% -27.2% 537.8% 1.51%
2020 14.1% -22.5% 2181.7% 36.93%
2019 26.0% -13.5% 40.4% 33.46%

Total Return Ranking - Trailing

Period FQAL Return Category Return Low Category Return High Rank in Category (%)
YTD 26.1% 4.0% 45.0% 50.54%
1 Yr 30.8% 5.7% 56.8% 55.23%
3 Yr 10.1%* -3.3% 18.3% 60.03%
5 Yr 14.6%* -0.4% 110.3% 44.92%
10 Yr N/A* 2.9% 52.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FQAL Return Category Return Low Category Return High Rank in Category (%)
2023 24.2% -5.0% 47.4% 49.30%
2022 -19.7% -36.8% -2.2% 77.04%
2021 32.1% 3.0% 537.8% 4.70%
2020 16.2% -15.8% 2266.0% 56.01%
2019 28.1% -0.4% 241.3% 68.56%

FQAL - Holdings

Concentration Analysis

FQAL Category Low Category High FQAL % Rank
Net Assets 879 M 2.34 M 1.55 T 57.48%
Number of Holdings 128 2 3963 44.81%
Net Assets in Top 10 369 M 880 K 525 B 56.66%
Weighting of Top 10 35.86% 0.3% 111.6% 50.49%

Top 10 Holdings

  1. APPLE INC 7.02%
  2. NVIDIA CORP 6.73%
  3. MICROSOFT CORP 6.66%
  4. ALPHABET INC CL A 3.94%
  5. META PLATFORMS INC CL A 2.33%
  6. BROADCOM INC 2.18%
  7. BERKSHIRE HATHAWAY INC CL B 2.15%
  8. ELI LILLY and CO 2.06%
  9. JOHNSON and JOHNSON 1.41%
  10. ABBVIE INC 1.38%

Asset Allocation

Weighting Return Low Return High FQAL % Rank
Stocks 		99.87% 0.00% 105.85% 8.09%
Cash 		0.42% 0.00% 99.07% 66.64%
Other 		0.00% -13.91% 100.00% 37.86%
Preferred Stocks 		0.00% 0.00% 2.03% 95.99%
Convertible Bonds 		0.00% 0.00% 5.54% 95.98%
Bonds 		0.00% 0.00% 93.85% 96.24%

Stock Sector Breakdown

Weighting Return Low Return High FQAL % Rank
Technology 		23.11% 0.00% 48.94% 59.78%
Healthcare 		13.68% 0.00% 52.29% 72.52%
Financial Services 		13.09% 0.00% 55.59% 68.61%
Consumer Cyclical 		10.57% 0.00% 30.33% 53.46%
Industrials 		10.21% 0.00% 29.90% 34.14%
Communication Services 		8.06% 0.00% 27.94% 55.54%
Consumer Defense 		7.01% 0.00% 47.71% 40.80%
Energy 		5.04% 0.00% 41.64% 24.15%
Real Estate 		3.94% 0.00% 31.91% 15.57%
Basic Materials 		2.83% 0.00% 25.70% 40.47%
Utilities 		2.47% 0.00% 20.91% 57.29%

Stock Geographic Breakdown

Weighting Return Low Return High FQAL % Rank
US 		99.87% 0.00% 105.85% 7.60%
Non US 		0.00% 0.00% 63.83% 96.40%

FQAL - Expenses

Operational Fees

FQAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.16% 0.01% 19.75% 90.53%
Management Fee 0.15% 0.00% 1.90% 17.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

FQAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FQAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FQAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 268.00% 65.02%

FQAL - Distributions

Dividend Yield Analysis

FQAL Category Low Category High FQAL % Rank
Dividend Yield 1.19% 0.00% 25.47% 54.18%

Dividend Distribution Analysis

FQAL Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

FQAL Category Low Category High FQAL % Rank
Net Income Ratio 1.39% -54.00% 2.44% 8.77%

Capital Gain Distribution Analysis

FQAL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FQAL - Fund Manager Analysis

Managers

Louis Bottari

Start Date

Tenure

Tenure Rank

Sep 12, 2016

5.72

5.7%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior portfolio manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.

Peter Matthew

Start Date

Tenure

Tenure Rank

Sep 12, 2016

5.72

5.7%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.

Robert Regan

Start Date

Tenure

Tenure Rank

Dec 31, 2016

5.42

5.4%

Robert Regan is a Portfolio Manager. He has been with Geode since 2016. Prior to joining Geode, Mr. Regan was a Senior Implementation Portfolio Manager at State Street Global Advisors from 2008 to 2016. Previously, Mr. Regan was employed by PanAgora Asset Management from 1997 to 2008, most recently as a Portfolio Manager. Mr. Regan began his career at Investors Bank and Trust.

Payal Gupta

Start Date

Tenure

Tenure Rank

Jun 30, 2019

2.92

2.9%

Payal Gupta joined Geode in 2019, Ms. Gupta has worked as a portfolio manager. Prior to joining Geode, Ms. Gupta worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Before joining SSGA in 2005, she worked as an analyst at Concentra Integrated Services and at Morgan Stanley. Ms. Gupta holds an MBA with specialization in Investments and Information Systems from Northeastern University and a Bachelor of Science in Information Technology from Bay Path University.

Navid Sohrabi

Start Date

Tenure

Tenure Rank

Aug 31, 2019

2.75

2.8%

Navid Sohrabi is portfolio manager of Geode Capital Management, LLC. Since joining Geode in 2019, Mr. Sohrabi has worked as a portfolio manager. Prior to joining Geode, Mr. Sohrabi worked at DWS, most recently as an index portfolio manager. Mr. Sohrabi was Vice President with Deutsche Asset Management and has served as a Portfolio Manager and quantitative multi-asset strategist in the Passive Asset Management business since 2015. Prior to joining Deutsche Bank, Mr. Sohrabi served as a derivatives trader for several institutional asset managers and commodity trading advisors where he developed and managed systematic risk and trading strategies in equities, options, fx and futures. Mr. Sohrabi earned a BA in neurobiology from the University of California, Berkley, and a Masters of Financial Engineering from the Anderson School of Management at the University of California, Los Angeles and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.25 2.42

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