Key stats
About FIDELITY U.S. MOMENTUM ETF
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Inception date
Jun 5, 2020
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Fidelity Investments Canada ULC
The fund tracks an index of large- and mid-cap companies from the United States with strong momentum signals. The fund uses composite scores to select and weight securities. The indexs construction is an iterative process that combines the composite factor score, size adjustment, selection, and weighting. The composite scores are based on four momentum factors over a period of around one year with equivalent weighting. The composite score is then blended with a size factor to remove size bias. Securities within each sector are selected based on the size-adjusted composite score. Securities in groups with higher momentum characteristics are overweighted. The index is rebalanced quarterly. At each rebalance, the lowest ranked stocks by composite score in the portfolio are removed until a turnover threshold of 15% is reached.
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
Finance
Electronic Technology
Technology Services
Stocks99.87%
Finance29.82%
Electronic Technology21.92%
Technology Services15.50%
Non-Energy Minerals4.99%
Process Industries4.50%
Producer Manufacturing3.89%
Industrial Services3.31%
Utilities3.07%
Health Technology2.93%
Miscellaneous2.67%
Consumer Services2.51%
Retail Trade2.31%
Commercial Services1.17%
Consumer Durables0.78%
Health Services0.27%
Communications0.22%
Bonds, Cash & Other0.13%
Cash0.13%
Stock breakdown by region
North America98.45%
Europe1.55%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FCMO invests in stocks. The fund's major sectors are Finance, with 29.82% stocks, and Electronic Technology, with 21.92% of the basket. The assets are mostly located in the North America region.
FCMO top holdings are Carpenter Technology Corporation and Microsoft Corporation, occupying 4.99% and 4.93% of the portfolio correspondingly.
FCMO last dividends amounted to 0.04 CAD. The year before, the issuer paid 0.06 CAD in dividends, which shows a 53.75% decrease.
FCMO assets under management is 827.62 M CAD. It's risen 14.98% over the last month.
FCMO fund flows account for 480.49 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FCMO pays dividends to its holders with the dividend yield of 0.48%. The last dividend (Dec 31, 2024) amounted to 0.04 CAD. The dividends are paid annually.
FCMO shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Jun 5, 2020, and its management style is Passive.
FCMO expense ratio is 0.39% meaning you'd have to pay 0.39% of your investment to help manage the fund.
FCMO follows the Fidelity Canada U.S. Momentum Index - CAD (Benchmark TR Gross). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FCMO invests in stocks.
FCMO price has risen by 5.79% over the last month, and its yearly performance shows a 19.08% increase. See more dynamics on FCMO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.32% over the last month, showed a 18.77% increase in three-month performance and has increased by 21.83% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.32% over the last month, showed a 18.77% increase in three-month performance and has increased by 21.83% in a year.
FCMO trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.