FDMOFidelity Momentum Factor ETF

Grow my money10y track recordRanked #401 of 3,055 in this goal

Seeks investment returns that correspond to the performance of the Fidelity U.S. Momentum Factor Index.

By Fidelity Investments · Launched 2016

Annual Cost

0.15%

#645 of 6,040 · low cost

Fund Size

$899M

#1,246 of 6,040 · large

Return (1Y)

+15.2%

Track Record

10 years

#1,446 of 6,040 · established

Performance

Total-return NAV · USD

Growth of $10,000

$11,422+14.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Multi cap

Strategy

Index tracking

Factor

Momentum

Index tracked

Fidelity US Momentum Factor Index

Holdings

By weight

Concentration

Top 10 holdings = 40.3% of fundmoderately concentrated

NVIDIA CORP

7.3%

APPLE INC

6.1%

ALPHABET INC

5.9%

MICROSOFT CORP

4.6%

AMAZON.COM INC

4.1%

BROADCOM INC

3.5%

Fidelity Revere Street Trust

3.0%

META PLATFORMS INC

2.2%

TESLA INC

1.9%

ADVANCED MICRO DEVICES INC

1.8%

Asset allocation

Stocks

99.8%

Cash

0.1%

Other

0.1%

By sector

Technology

36.8%

Financial Services

12.0%

Healthcare

10.5%

Consumer Cyclical

9.3%

Communication

9.0%

Industrials

8.5%

Consumer Defensive

4.1%

Energy

3.7%

Other

6.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

19.5%Moderate

Year-on-year price swings

Max drawdown

-33.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)

1.06Strong risk-adjusted returns

Sortino (3Y)

1.55Good downside protection

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks investment returns that correspond to the performance of the Fidelity U.S. Momentum Factor Index.
Strategy: Invests primarily in securities of large and mid-cap U.S. companies exhibiting positive momentum signals, as defined by the Fidelity U.S. Momentum Factor Index. Stocks are selected based on composite scores from multiple momentum measures and weighted by market capitalization within a sector-neutral framework.
Inception date: September 12, 2016
Fund family: Fidelity Investments