The Fidelity U.S. Momentum Factor ETF (FDMO) is managed by Fidelity Investments, a renowned and trusted name in the financial industry. Established with the objective of tracking the Fidelity U.S. Momentum Factor IndexSM, this ETF seeks to capture the performance of large and mid-capitalization U.S. companies that display positive momentum signals. Fidelity Investments, known for its expertise in managing a wide range of investment products, utilizes its resources and knowledge to provide investors with exposure to stocks demonstrating strong momentum within the U.S. market. Additionally, FDMO may engage in securities lending to generate income for the fund, enhancing potential returns for its shareholders.
The Fidelity Momentum Factor ETF (FDMO) primarily focuses on tracking the performance of large and mid-capitalization U.S. companies with positive momentum signals, as represented by the Fidelity U.S. Momentum Factor IndexSM. While its primary objective is not dividend-centric, FDMO may generate dividends through its holdings, which are influenced by the dividend policies and performance of the constituent companies. Dividend distributions typically occur periodically, with the frequency and amount subject to the underlying securities' dividend characteristics. Investors in FDMO may benefit from potential capital appreciation while also receiving dividend returns from its portfolio holdings.
Tracking the Fidelity U.S. Momentum Factor Index is the primary objective of the Fidelity Momentum Factor ETF (FDMO). FDMO seeks to invest a minimum of 80% of its assets in securities that make up this index, which is tailored to mirror the performance of large and mid-cap U.S. companies displaying positive momentum signals. Additionally, FDMO engages in securities lending activities to generate income for the fund, offering investors a strategy that capitalizes on momentum within the U.S. equity market.
The correlation aspect of the Fidelity Momentum Factor ETF (FDMO) primarily depends on its underlying index, the Fidelity U.S. Momentum Factor IndexSM, which is designed to mirror the performance of U.S. large and mid-capitalization companies exhibiting positive momentum signals. Given this focus on momentum stocks, FDMO's correlation tends to be influenced by market conditions and investor sentiment. Investors may find that FDMO's correlation with broader market indices fluctuates depending on the prevailing momentum trends. To explore FDMO's correlations in depth and gain valuable insights, you can use ETF Insider's web app, which provides comprehensive data visualization and overlap analysis for all U.S. ETFs.
The Fidelity Momentum Factor ETF (FDMO) focuses on the momentum sector, primarily investing in stocks of large and mid-capitalization U.S. companies showing positive momentum signals. This sector strategy aims to capitalize on the potential for continued price appreciation among stocks with strong recent performance. However, it's important to note that momentum investing can be more volatile and may carry higher risk compared to broader market strategies.
The exposure characteristic of the Fidelity Momentum Factor ETF (FDMO) is centered around capturing the momentum signals within the U.S. equity market. FDMO aims to track the Fidelity U.S. Momentum Factor IndexSM, primarily investing in the stocks of large and mid-capitalization U.S. companies that exhibit positive momentum signals. By focusing on stocks with strong performance trends, FDMO offers investors an opportunity to potentially benefit from the momentum-driven returns seen in the market. While the ETF predominantly emphasizes momentum, it may also engage in securities lending to generate additional income for the fund.
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