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Fidelity Momentum Factor ETF FDMO

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FDMO

Will FDMO outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FDMO’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FDMO management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FDMO’s parent organization’s priorities and whether they’re in line with investors’ interests.

Fidelity Momentum Factor ETF's recent fee cut and Process Pillar rating increase lead to an upgrade in this strategy's Morningstar Medalist Rating to Bronze from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FDMO

More FDMO Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 33.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

7.26 14.9 Mil
Technology

NVIDIA Corp

6.78 13.9 Mil
Technology

Alphabet Inc Class A

3.99 8.2 Mil
Communication Services

Amazon.com Inc

3.76 7.7 Mil
Consumer Cyclical

Meta Platforms Inc Class A

2.28 4.7 Mil
Communication Services

Broadcom Inc

2.27 4.6 Mil
Technology

Eli Lilly and Co

2.10 4.3 Mil
Healthcare

Berkshire Hathaway Inc Class B

1.99 4.1 Mil
Financial Services

JPMorgan Chase & Co

1.66 3.4 Mil
Financial Services

Advanced Micro Devices Inc

1.64 3.3 Mil
Technology