Key stats
About Fidelity Quality Factor ETF
Home page
Inception date
Sep 12, 2016
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
FQAL tracks an index of large and mid- cap US companies with an emphasis upon balance sheet measures of quality. The top 1,000 stocks by market cap are scored based upon free cash flow margin, cash flow stability and return on invested capital. The highest scores per sector are included in the index. Sectors are cap-weighted to provide more market- like exposure. Within each sector, chosen stocks start with a combination of their cap weight and factor score. Any additional market cap from the deselected stocks is equally allocated among the remaining stocks in the sector. The fund 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
Electronic Technology
Technology Services
Finance
Stocks99.78%
Electronic Technology21.85%
Technology Services21.36%
Finance13.50%
Health Technology7.58%
Consumer Services6.64%
Retail Trade5.30%
Consumer Non-Durables5.28%
Producer Manufacturing3.41%
Commercial Services2.42%
Utilities2.34%
Energy Minerals2.16%
Industrial Services1.45%
Transportation1.40%
Process Industries1.29%
Communications1.07%
Distribution Services0.99%
Non-Energy Minerals0.86%
Health Services0.66%
Miscellaneous0.15%
Bonds, Cash & Other0.22%
Mutual fund0.27%
Government0.02%
Futures0.01%
Cash−0.07%
Stock breakdown by region
North America99.50%
Europe0.50%
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
FQAL invests in stocks. The fund's major sectors are Electronic Technology, with 21.87% stocks, and Technology Services, with 21.38% of the basket. The assets are mostly located in the North America region.
FQAL top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 8.13% and 7.39% of the portfolio correspondingly.
FQAL last dividends amounted to 0.21 USD. The quarter before, the issuer paid 0.20 USD in dividends, which shows a 5.21% increase.
FQAL assets under management is 1.05 B USD. It's risen 0.73% over the last month.
FQAL fund flows account for −109.27 M USD (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, FQAL pays dividends to its holders with the dividend yield of 1.22%. The last dividend (Jun 24, 2025) amounted to 0.21 USD. The dividends are paid quarterly.
FQAL shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Sep 12, 2016, and its management style is Passive.
FQAL expense ratio is 0.16% meaning you'd have to pay 0.16% of your investment to help manage the fund.
FQAL follows the Fidelity U.S. Quality Factor Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FQAL invests in stocks.
FQAL price has risen by 0.65% over the last month, and its yearly performance shows a 12.52% increase. See more dynamics on FQAL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.61% over the last month, showed a 8.17% increase in three-month performance and has increased by 14.30% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.61% over the last month, showed a 8.17% increase in three-month performance and has increased by 14.30% in a year.
FQAL trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.