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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity U.S. Multifactor ETF

FLRG | ETF

$41.34

$283 M

1.43%

$0.59

0.15%

Vitals

YTD Return

9.4%

1 yr return

19.8%

3 Yr Avg Return

19.6%

5 Yr Avg Return

13.2%

Net Assets

$283 M

Holdings in Top 10

36.4%

52 WEEK LOW AND HIGH

$41.2
$34.78
$41.34

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity U.S. Multifactor ETF

FLRG | ETF

$41.34

$283 M

1.43%

$0.59

0.15%

FLRG - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 19.6%
  • 5 Yr Annualized Total Return 13.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    Fidelity U.S. Multifactor ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Sep 17, 2020
  • Shares Outstanding
    600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Louis Bottari

Fund Description

Normally investing at least 80% of assets in securities included in the Fidelity U.S. Multifactor Index„ . The Fidelity U.S. Multifactor Index SM is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.    The Fidelity U.S. Multifactor Index SM  is constructed using Fidelity's rules-based proprietary index methodology. Stocks in the universe are given a composite score based on four factors: valuation, quality, momentum, and volatility. Stocks with the highest composite scores are identified for inclusion in the index. Within each sector, stocks are weighted based on their market capitalization in the broader U.S. equity market plus an overweight adjustment that is equal for all constituents within that sector. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Lending securities to earn income for the fund.
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FLRG - Performance

Return Ranking - Trailing

Period FLRG Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -13.2% 43.7% 53.13%
1 Yr 19.8% -15.7% 101.9% 77.89%
3 Yr 19.6%* 1.1% 41.0% 60.49%
5 Yr 13.2%* -3.9% 19.6% 32.35%
10 Yr N/A* 5.8% 55.9% 76.00%

* Annualized

Return Ranking - Calendar

Period FLRG Return Category Return Low Category Return High Rank in Category (%)
2025 12.2% -25.2% 36.9% 32.07%
2024 21.5% -51.6% 37.0% 19.12%
2023 16.5% -15.6% 47.4% 61.66%
2022 -12.4% -56.3% 1.1% 4.10%
2021 27.4% -27.2% 537.8% 4.80%

Total Return Ranking - Trailing

Period FLRG Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -13.2% 43.7% 53.13%
1 Yr 19.8% -15.7% 101.9% 77.89%
3 Yr 19.6%* 1.1% 41.0% 60.49%
5 Yr 13.2%* -3.9% 19.6% 32.35%
10 Yr N/A* 5.8% 55.9% N/A

* Annualized

Total Return Ranking - Calendar

Period FLRG Return Category Return Low Category Return High Rank in Category (%)
2025 13.9% -3.4% 43.4% 72.60%
2024 23.4% -20.1% 44.5% 46.70%
2023 18.3% 0.3% 47.4% 78.62%
2022 -11.0% -31.9% 11.0% 11.31%
2021 29.4% 4.1% 537.8% 14.95%

FLRG - Holdings

Concentration Analysis

FLRG Category Low Category High FLRG % Rank
Net Assets 283 M 3.76 M 2.2 T 83.70%
Number of Holdings 105 2 3885 53.66%
Net Assets in Top 10 101 M 3.24 M 639 B 81.15%
Weighting of Top 10 36.41% 2.5% 102.7% 64.51%

Top 10 Holdings

  1. NVIDIA CORP 7.43%
  2. APPLE INC 6.25%
  3. ALPHABET INC CL A 5.70%
  4. MICROSOFT CORP 5.08%
  5. BROADCOM INC 2.65%
  6. META PLATFORMS INC CL A 2.53%
  7. NEWMONT CORP 1.88%
  8. JOHNSON and JOHNSON 1.86%
  9. VISA INC CL A 1.54%
  10. ABBVIE INC 1.48%

Asset Allocation

Weighting Return Low Return High FLRG % Rank
Stocks 		98.46% 0.00% 105.13% 64.93%
Cash 		1.51% 0.00% 69.97% 34.54%
Other 		0.02% -13.91% 100.00% 22.38%
Bonds 		0.01% 0.00% 136.21% 8.19%
Preferred Stocks 		0.00% 0.00% 5.74% 48.63%
Convertible Bonds 		0.00% 0.00% 5.54% 45.71%

Stock Sector Breakdown

Weighting Return Low Return High FLRG % Rank
Technology 		22.64% 0.00% 48.94% 63.97%
Financial Services 		14.44% 0.00% 55.59% 34.05%
Healthcare 		14.23% 0.00% 52.29% 58.94%
Consumer Cyclical 		11.46% 0.00% 30.33% 29.11%
Industrials 		10.68% 0.00% 29.90% 24.98%
Communication Services 		8.24% 0.00% 27.94% 55.26%
Consumer Defense 		5.98% 0.00% 47.71% 74.03%
Energy 		5.82% 0.00% 41.64% 14.47%
Real Estate 		2.96% 0.00% 31.91% 39.26%
Basic Materials 		2.01% 0.00% 19.45% 76.01%
Utilities 		1.52% 0.00% 15.25% 74.03%

Stock Geographic Breakdown

Weighting Return Low Return High FLRG % Rank
US 		98.46% 0.00% 101.31% 57.36%
Non US 		0.00% 0.00% 70.69% 55.59%

Bond Sector Breakdown

Weighting Return Low Return High FLRG % Rank
Cash & Equivalents 		1.45% 0.00% 100.00% 33.16%
Derivative 		0.02% -4.67% 33.76% 10.14%
Securitized 		0.00% 0.00% 52.16% 45.14%
Corporate 		0.00% 0.00% 100.00% 51.71%
Municipal 		0.00% 0.00% 2.10% 44.40%
Government 		0.00% 0.00% 100.00% 46.90%

Bond Geographic Breakdown

Weighting Return Low Return High FLRG % Rank
US 		0.01% 0.00% 123.45% 8.19%
Non US 		0.00% 0.00% 17.10% 43.96%

FLRG - Expenses

Operational Fees

FLRG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.01% 4.93% 89.88%
Management Fee 0.15% 0.00% 1.89% 16.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

FLRG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FLRG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLRG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 268.00% 60.88%

FLRG - Distributions

Dividend Yield Analysis

FLRG Category Low Category High FLRG % Rank
Dividend Yield 1.43% 0.00% 25.47% 49.96%

Dividend Distribution Analysis

FLRG Category Low Category High Category Mod
Dividend Distribution Frequency Other Annual Quarterly Quarterly

Net Income Ratio Analysis

FLRG Category Low Category High FLRG % Rank
Net Income Ratio 1.56% -54.00% 2.44% 4.14%

Capital Gain Distribution Analysis

FLRG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FLRG - Fund Manager Analysis

Managers

Louis Bottari

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior portfolio manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.

Payal Gupta

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Payal Gupta joined Geode in 2019, Ms. Gupta has worked as a portfolio manager. Prior to joining Geode, Ms. Gupta worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Before joining SSGA in 2005, she worked as an analyst at Concentra Integrated Services and at Morgan Stanley. Ms. Gupta holds an MBA with specialization in Investments and Information Systems from Northeastern University and a Bachelor of Science in Information Technology from Bay Path University.

Peter Matthew

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Peter Matthew is a Portfolio Manager. He has been with Geode Capital Management, LLC since 2007. Prior to joining Geode in 2007, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005. Peter Matthews, PhD, is Managing Partner and Portfolio Manager. He was the trading system creator for all MINT systems and a Founding Partner of Mint Investment Management Company (MINT) in 1984 based on systems he originally created in 1981. MINT was the first CTA to exceed $1bn in AUM (in 1991). Peter was MINT’s Portfolio Manager throughout its existence from 1984-2000. MINT achieved 30% gross compound annual returns with no losing years from 1981-1993. MINT formed a 50/50 partnership with the Man Group and was the catalyst for Man’s $42.4bn (as of December 2009) business today. Peter received the Donchian Award in 1994 for his lifetime contributions to the Managed Funds Industry and was Founder/Chairman Emeritus for the Foundation for Managed Derivatives Research. MINT created the first guaranteed fund with Ord Westpac, Australia and was profiled in the book, Market Wizards. Dr. Matthews received his MA and PhD in Statistics from The American University in Washington, D.C. He was awarded the Massey Foundation Fellowship throughout his PhD program. He received his BA in Mathematics and Economics from Carleton University, Canada where he was an Ontario Scholar.

Robert Regan

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Robert Regan is a Portfolio Manager. He has been with Geode since 2016. Prior to joining Geode, Mr. Regan was a Senior Implementation Portfolio Manager at State Street Global Advisors from 2008 to 2016. Previously, Mr. Regan was employed by PanAgora Asset Management from 1997 to 2008, most recently as a Portfolio Manager. Mr. Regan began his career at Investors Bank and Trust.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.35 2.25

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