Symbols

FQAL

Fidelity Quality Factor ETF·NYSE

--(--)

Key Stats

Assets Under Management

1.18BUSD

Fund Flows (1Y)

-54.48MUSD

Dividend Yield

1.10%

Discount/Premium to NAV

0.03%

Shares Outstanding

15.30M

Expense Ratio

0.16%

About Fidelity Quality Factor ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

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

Inception Date

Sep 12, 2016

Structure

Open-Ended Fund

Index Tracked

Fidelity U.S. Quality 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.

FQAL tracks an index of large and mid- cap US companies with an emphasis upon balance sheet measures of quality. The top 1,000 stocks by market cap are scored based upon free cash flow margin, cash flow stability and return on invested capital. The highest scores per sector are included in the index. Sectors are cap-weighted to provide more market- like exposure. Within each sector, chosen stocks start with a combination of their cap weight and factor score. Any additional market cap from the deselected stocks is equally allocated among the remaining stocks in the sector. The fund is rebalanced semi-annually.