FQALFidelity Quality Factor ETF
FQAL Fund Description
FQAL tracks an index of fundamentally- selected large and mid- cap US companies that are weighted according to a tiered scheme.
FQAL Factset Analytics Insight
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.
FQAL MSCI ESG Analytics Insight
Fidelity Quality Factor ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.70 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Fidelity Quality Factor ETF ranks in the 37th percentile within its peer group and in the 30th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FQAL MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
FQAL Summary Data
FQAL Portfolio Data
FQAL Index Data
FQAL Portfolio Management
FQAL Tax Exposures
FQAL Fund Structure
FQAL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FQAL. FQAL is rated a 5 out of 5.
FQAL Sector/Industry Breakdown
FQAL Top 10 Holdings[View All]
FQAL Economic Development
FQAL Performance Statistics
FQAL MSCI ESG Ratings
FQAL Benchmark Comparison Summary
FQAL Benchmark Comparison Market Cap Size