FDMO

Fidelity Momentum Factor ETF

$82.22

+0.00%

Market closed. Last update: 11:40 PM ET

📎 Investment Objective

The Fidelity Momentum Factor ETF (FDMO) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Momentum Factor Index.

Overview

ETF tracking Fidelity Momentum Factor ETF

Category Growth

Issuer Other

Inception Date 2016-09-15

Market Cap $542.7M

Average Volume N/A

Dividend Yield 0.82%

52-Week Range $58.00 - $85.81

VWAP $82.28

Performance

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Investment Summary

📎 Investment Objective

The Fidelity Momentum Factor ETF (FDMO) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Momentum Factor Index.

🎯 Investment Strategy

The ETF invests in a portfolio of U.S. large- and mid-capitalization stocks that exhibit positive momentum characteristics, as determined by the index provider. The fund's holdings are weighted based on a combination of their momentum score and market capitalization.

✨ Key Features

Focuses on U.S. stocks with positive momentum characteristics
Utilizes a rules-based index methodology to select and weight holdings
Designed to provide exposure to the momentum factor in U.S. equities
Low expense ratio of 0.00%

⚠️ Primary Risks

Market risk: The value of the ETF's holdings may decline due to general market conditions
Momentum risk: The momentum factor may underperform the broader market at times
Concentration risk: The fund's performance may be more volatile due to its focus on a specific investment style
Liquidity risk: The ETF may have difficulty trading certain holdings, especially in volatile markets

👤 Best For

The Fidelity Momentum Factor ETF may be suitable for investors seeking exposure to the momentum factor in U.S. equities as part of a diversified portfolio. It may be most appropriate for investors with a higher risk tolerance and a longer-term investment horizon.