Symbols

FDLO

Fidelity Low Volatility Factor ETF·NYSE

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Key Stats

Assets Under Management

1.49BUSD

Fund Flows (1Y)

48.73MUSD

Dividend Yield

1.37%

Discount/Premium to NAV

-0.04%

Shares Outstanding

22.10M

Expense Ratio

0.16%

About Fidelity Low Volatility Factor ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

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

Inception Date

Sep 12, 2016

Structure

Open-Ended Fund

Index Tracked

Fidelity U.S. Low Volatility 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.

FDLO hunts among the 1,000 largest US stocks for those with low volatility of returns and earnings. Potential holdings are screened using a scoring system based on three metrics: low volatility of returns, low beta, and low earnings volatility. 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 twice annually.