FQAL

Fidelity Quality Factor

The Fidelity Quality Factor ETF tracks an index of fundamentally- selected large and mid- cap US companies that are weighted according to a tiered scheme.


6.1%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 53rd

NEUTRAL

Recommendation
 
Fund Basics
Fund sponsorFidelity
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 12, 2016
Assets (mns)$148
Expense ratio29 bp
CurrencyUSD
Constituent Breakdown
No. of constituents127
Herfindahl-Hirschman Index 127
Wgt avg mkt cap (mns)$214,002
Large cap (>$10bn)90.2%
Mid cap ($2-10bn)9.7%
Small cap (<$2bn)0.1%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionFundamental
WeightingTiered
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 4.2 %
APPLE INC 3.7 %
ALPHABET INC. CLASS A 2.9 %
JOHNSON & JOHNSON 2.3 %
FACEBOOK 2.0 %
PFIZER INC 1.7 %
VISA INC-CLASS A SHARES 1.7 %
CISCO SYSTEMS INC 1.5 %
EXXON MOBIL CORP 1.5 %
MASTERCARD INC-CLASS A 1.5 %
Sector Breakdown
Country Exposure
UNITED STATES 95.2 %
SWITZERLAND 1.0 %
IRELAND 1.0 %
BERMUDA 1.0 %
ISRAEL 0.6 %
Historical Performance


Standardized Annual Returns (as of 04/30/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
17.4% 13.3% 13.5% 0.0% 0.0% 0.0% 14.8%
Market Correlations
versus...BetaR-squared
S&P 5000.9698%
MSCI EAFE0.7653%
MSCI Emg Mkts0.4934%
Liquidity Measures
Avg. volume (000)30
Turnover0.7%
Avg. Bid/Ask (% of price)0.10%
ADV of underlying (mns)$58,518
Technical Indicators
Recent close$33.60
30d moving avg.$34.44
Annualized volatility11.2%
Relative strength (RSI)42
Short interest (ETF)0.3%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  FQAL Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. FQAL
Expenses
vs. FQAL
ALTAR Score™
vs. FQAL
JQUA JPMorgan U.S. Quality Factor 55.6% -17 bp -0.1%
OEF iShares S&P 100 50.6% -9 bp -0.3%
IWL iShares Russell Top 200 49.7% -14 bp -0.2%
MGC Vanguard Mega Cap 300 ETF 48.6% -22 bp -0.1%
OQAL Oppenheimer Russell 1000 Quality Factor 47.9% -10 bp -0.3%
OVOL Oppenheimer Russell 1000 Low Volatility Factor 47.3% -10 bp -0.1%
VOOG Vanguard S&P 500 Growth 47.2% -14 bp -1.3%
SPYG SPDR Portfolio S&P 500 Growth 47.2% -25 bp -1.2%
SPXN ProShares S&P 500 Ex-Financials 47.2% -2 bp -0.1%
IVW iShares S&P 500 Growth 47.2% -11 bp -1.3%
PRID InsightShares LGBT Employment Equality 47.2% +36 bp -0.4%
XLG Invesco S&P Top 50 46.5% -9 bp -0.5%
FDRR Fidelity Dividend for Rising Rates 46.0% 0 bp +2.0%
QUS SPDR MSCI USA Quality Mix 45.8% -14 bp +0.1%
IUSG iShares Core U.S. Growth 45.7% -25 bp -1.1%
FDLO Fidelity Low Volatility Factor 45.2% 0 bp -0.4%
FVAL Fidelity Value Factor 44.6% 0 bp +3.0%
DIVB iShares U.S. Dividend & Buyback 44.4% -4 bp +0.8%
JUST Goldman Sachs JUST U.S. Large Cap Equity 44.3% -9 bp -0.2%
VOO Vanguard S&P 500 ETF 44.2% -25 bp +0.1%

Content on this tab for Individual & Professional subscribers only

Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FQAL

6.1%

Cat. Avg

6.0%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.1%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 678 funds in the US Equities category, with an average ALTAR Score™ of 6.0% and a standard deviation of 2.4%. FQAL's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places FQAL in the 53rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
FQAL
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Market Activity
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Today's Trading

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Where to Trade FQAL
Commission
on FQAL1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$0.00 357
$1.00 54
$4.95 500
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.