FQAL Fidelity Quality Factor ETF

Seeks to track, before fees and expenses, the Fidelity U.S. Quality Factor Index.The Index 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. It may lend securities to earn income for the fund. The index starts with the 1,000 largest companies by market capitalization, and then ranks companies based on a composite score using free cash flow margin, return on invested capital, and free cash flow stability. Within each sector, composite scores are adjusted based on market capitalization. Stocks with the highest composite scores within each sector are identified for inclusion in the index. The index selects around 130 stocks. Each sector is neutral-weighted relative to the broader equity market. Within each sector, each stock is weighted based on its market capitalization in the broader equity market plus an overweight adjustment that is equal for all constituents within that sector.

$52.79  +0.14 (0.27%)
As of 10/22/2021 16:00:00 EST     IEX book   CBOE book

ETF Information
Sponsor:     Fidelity
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Morningstar category:  Large Growth
Leverage factor:  1.00
Inception date:  09/12/2016
Index tracking method: Passive replication
Current yield:  1.26%
Historical average yield:  1.57%
Market cap:  $218,497,500
Average volume:  29,386
Fees:     0.2900%

Index Information
Fidelity U.S. Quality Factor Index
Index symbol:  FIDUSQLP
Provider:   Fidelity
Total return index symbol:  FIDUSQLT
Index weighting:   Composite scores
Index inception date:  08/01/2016
Backtesting data exists:   Yes
Index factsheet:  Read PDF
Number of holdings:  130
Strategy:  Quality investing
Factors used to select securities:

2021 © Stock Market MBA, Inc. Terms of use | Privacy policy