Key stats
About FIDELITY U S HIGH QUALITY CURR NEUT SERIES L UNITS
Expense ratio
0.42%
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Inception date
Jan 18, 2019
The fund is passively managed to build a high quality portfolio of large- and mid-cap US stocks. Taken from a universe of the largest 1,000 US stocks, eligible securities are ranked within their respective sectors based on a composite quality score, subject to a size factor adjustment. The quality score is taken from the weighted average of three fundamental metrics: free cash flow margin, return on invested capital, and free cash flow stability, except for banks wherein return on equity (ROE) and debt to assets are considered instead. The resulting portfolio of about 60-100 stocks is weighted to increase exposure to high-quality sectors based on return on invested capital. The index is rebalanced on a semi-annual basis.
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
Technology Services
Electronic Technology
Consumer Non-Durables
Stocks99.92%
Technology Services21.87%
Electronic Technology18.35%
Consumer Non-Durables10.85%
Consumer Services7.84%
Retail Trade6.91%
Producer Manufacturing6.32%
Health Technology5.53%
Energy Minerals5.13%
Finance4.45%
Distribution Services2.94%
Miscellaneous2.47%
Industrial Services2.10%
Commercial Services1.95%
Transportation1.54%
Consumer Durables1.48%
Communications0.19%
Bonds, Cash & Other0.08%
Cash0.08%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history