Symbols

FDMO

Fidelity Momentum Factor ETF·NYSE

--(--)

Key Stats

Assets Under Management

650.35MUSD

Fund Flows (1Y)

97.52MUSD

Dividend Yield

0.61%

Discount/Premium to NAV

0.06%

Shares Outstanding

7.60M

Expense Ratio

0.16%

About Fidelity Momentum Factor ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

https://institutional.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=FDMO

Inception Date

Sep 12, 2016

Structure

Open-Ended Fund

Index Tracked

Fidelity U.S. Momentum Factor Index

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.

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.