Key stats
About FIDELITY U S HIGH QUALITY ETF UNIT SER L (USD)
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Inception date
Jan 18, 2019
Structure
Canadian Mutual Fund Trust (ON)
Tax on distributions
Ordinary income
Primary advisor
Fidelity Investments Canada ULC
The fund is passively managed to provide exposure to large- and mid-cap stocks from US that exhibit high-quality profiles. 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, which is based on free cash flow margin, return on invested capital, and free cash flow stability. In the case of banks, only return on equity and debt to assets are used for the calculation. 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 sector groups with higher return on invested capital 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
Consumer Non-Durables
Stocks99.96%
Technology Services22.49%
Electronic Technology20.45%
Consumer Non-Durables10.48%
Retail Trade8.03%
Producer Manufacturing7.79%
Consumer Services7.79%
Energy Minerals6.71%
Health Technology4.25%
Finance4.24%
Miscellaneous3.46%
Commercial Services2.51%
Transportation1.57%
Communications0.20%
Bonds, Cash & Other0.04%
Cash0.04%
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