Key stats
About FIDELITY U.S. LOW VOLATILITY ETF USD
Expense ratio
0.39%
Home page
Inception date
Jan 18, 2019
The fund of fund is passively managed to provide exposure to large- and mid-cap US stocks that exhibit low volatility. The fund employs a smart beta investment and rules-based proprietary index methodology, to provide investors with exposure to targeted strategic factors. The starting universe is composed of the largest 1,000 US stocks. Stocks are screened further based on their composite factor score based on low volatility factors (beta, standard deviation of price returns and earnings per share). Size bias is removed by blending the composite score with a size factor. Within each sector, securities are selected based on the size-adjusted composite score. Between 60 to 100 stocks are selected, and groups with lower volatilities are given more weight. The index is rebalanced semi-annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Consumer Non-Durables
Stocks99.97%
Technology Services17.32%
Electronic Technology15.85%
Finance14.73%
Consumer Non-Durables11.01%
Process Industries9.48%
Utilities8.31%
Retail Trade5.60%
Commercial Services5.59%
Health Technology4.37%
Industrial Services3.48%
Transportation1.71%
Health Services0.94%
Consumer Services0.77%
Communications0.43%
Producer Manufacturing0.37%
Bonds, Cash & Other0.03%
Cash0.03%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history