From Nasdaq:

The Fidelity Quality Factor ETF (FQAL) offers broad exposure to the Large Cap Blend category and was launched on 09/12/2016. It is a smart beta exchange traded fund, designed for investors who believe in smart stock selection strategies.

FQAL is a low-cost ETF with an expense ratio of 0.15%. It seeks to match the performance of the Fidelity U.S. Quality Factor Index and reflects the performance of large and mid-cap U.S. companies with a higher quality profile.

The ETF has a 12-month trailing dividend yield of 1.36% and holds approximately 133 stocks. It has a heaviest allocation in the Information Technology sector and its top 10 holdings account for approximately 31.71% of total assets.

In terms of performance, FQAL has lost about -0.37% so far this year, trading between $44.73 and $54.48. It has a beta of 0.98 and standard deviation of 17.23%, effectively diversifying company-specific risk.

Investors looking for alternatives to FQAL can consider iShares Core S&P 500 ETF (IVV) or SPDR S&P 500 ETF (SPY), both of which track the S&P 500 Index. Alternatively, they can consider traditional market cap weighted ETFs for cheaper and lower-risk options.

For more details on FQAL and other ETFs, investors can visit Zacks ETF Center and subscribe to Zacks’ free Fund Newsletter for key ETF information delivered straight to their inbox each week.



Read more: Is Fidelity Quality Factor ETF (FQAL) a Strong ETF Right Now?