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Fidelity Momentum Factor ETF (FDMO)

58.72 +0.82 (+1.42%)
At close: April 26 at 3:59 PM EDT

ETF Summary

The fund normally invests at least 80% of assets in securities included in the Fidelity U.S. Momentum Factor Index?, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals. It invests in lending securities to earn income for the fund.

ETF Overview

Category Large Growth
Fund Family Fidelity Investments
Net Assets 189.96M
YTD Daily Total Return 9.58%
Yield 0.67%
Legal Type Exchange Traded Fund

ETF Operations

Attributes FDMO Category Average
Annual Report Expense Ratio (net) 0.15% 0.95%
Holdings Turnover 137.00% 51.34%
Total Net Assets 201,414.88 201,414.88

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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