The Fidelity Quality Factor ETF (FQAL), a smart beta ETF with over $1.03 billion in assets, seeks to track the Fidelity U.S. Quality Factor Index, focusing on large and mid-cap U.S. companies with higher quality profiles; it has an expense ratio of 0.16% and a 1.25% trailing dividend yield. FQAL's top sector allocation is Information Technology at 29.70%, with Microsoft, Apple, and Nvidia being its top holdings, and the ETF has returned 12.82% over the past year as of May 27, 2025.
The Fidelity Quality Factor ETF (FQAL), a smart beta fund managing over $1.03 billion in assets, provides exposure to U.S. large and mid-capitalization companies selected for their higher quality profiles, tracking the Fidelity U.S. Quality Factor Index. As of May 27, 2025, FQAL has delivered a 12.82% return over the past year and a 1.34% year-to-date gain. The ETF's portfolio exhibits a significant concentration in the Information Technology sector, which constitutes approximately 29.70% of its holdings, with Microsoft Corp (6.62%), Apple Inc, and Nvidia Corp featuring as top individual investments; the top ten holdings account for 33.91% of total assets. FQAL operates with an expense ratio of 0.16%, positioning it as a relatively cost-effective option within the smart beta landscape, although traditional market-cap weighted ETFs like SPDR S&P 500 ETF (SPY) and Vanguard S&P 500 ETF (VOO) offer lower expense ratios of 0.09% and 0.03% respectively. The fund, holding approximately 131 securities, demonstrates market-like volatility with a beta of 0.98 and a three-year standard deviation of 17.04%, and offers a 1.25% trailing dividend yield, aiming to diversify company-specific risk while pursuing outperformance via its quality factor methodology.
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