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Morningstar

Fidelity® US 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 ® US Multifactor ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest 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 99
  • Bond Holdings 0
  • Other Holdings 5
  • % Assets in Top 10 Holdings 30.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Apple Inc

7.12
3,357,409
Technology

Microsoft Corp

7.07
3,334,637
Technology

Alphabet Inc Class A

3.76
1,774,836
Communication Services

Meta Platforms Inc Class A

2.00
942,628
Communication Services

Visa Inc Class A

1.89
890,907
Financial Services

Eli Lilly and Co

1.88
888,909
Healthcare

Mastercard Inc Class A

1.71
805,930
Financial Services

Exxon Mobil Corp

1.68
790,963
Energy

Procter & Gamble Co

1.58
746,355
Consumer Defensive

The Home Depot Inc

1.53
722,022
Consumer Cyclical