FDMOFidelity Momentum Factor ETF

Grow my money9y track recordRanked #425 of 2,960 in this goal

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

By Fidelity Investments · Launched 2016

Annual Cost

0.15%

#740 of 5,562 · low cost

Fund Size

$903M

#1,167 of 5,562 · large

Return (1Y)Goal

+35.4%

Track Record

9 years

#1,462 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$13,211+32.1%

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

Classification

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

What it actually holds

By weight

Concentration

Top 10 holdings = 39.2% of fund✓ well diversified

NVIDIA CORP

8.2%

ALPHABET INC

5.8%

MICROSOFT CORP

5.8%

AMAZON.COM INC

4.0%

BROADCOM INC

3.3%

META PLATFORMS INC

2.7%

Fidelity Revere Street Trust

2.7%

MICRON TECHNOLOGY INC

2.4%

TESLA INC

2.3%

LAM RESEARCH CORP

1.9%

Asset allocation

Stocks

99.8%

Cash

1.9%

By sector

Technology

38.3%

Financial Services

11.3%

Consumer Cyclical

9.8%

Communication

9.4%

Industrials

9.1%

Healthcare

8.7%

Consumer Defensive

4.0%

Energy

3.2%

Other

6.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

17.6%Moderate

Year-on-year price swings

Max drawdown

-33.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)

1.24Strong risk-adjusted returns

Sortino (3Y)

1.82Good downside protection

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide investment returns that correspond to the performance of the Fidelity U.S. Momentum Factor Index.
Strategy: Invests primarily in securities included in the Fidelity U.S. Momentum Factor Index, which reflects large and mid-cap U.S. stocks exhibiting positive momentum signals. Stocks are ranked by momentum measures and weighted based on market capitalization within sectors.
Inception date: September 12, 2016
Fund family: Fidelity Investments