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Morningstar

Fidelity U.S. Multifactor ETF FLRG

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FLRG

Will FLRG outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLRG’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FLRG management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FLRG’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Fidelity U.S. Multifactor ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FLRG

More FLRG Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

6.69 6.9 Mil
Technology

Apple Inc

5.46 5.6 Mil
Technology

NVIDIA Corp

4.48 4.6 Mil
Technology

Alphabet Inc Class A

3.95 4.1 Mil
Communication Services

Meta Platforms Inc Class A

2.60 2.7 Mil
Communication Services

Eli Lilly and Co

1.99 2.0 Mil
Healthcare

Visa Inc Class A

1.74 1.8 Mil
Financial Services

Vistra Corp

1.71 1.8 Mil
Utilities

Mastercard Inc Class A

1.63 1.7 Mil
Financial Services

Procter & Gamble Co

1.52 1.6 Mil
Consumer Defensive