Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO)
Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO)
Company overview
This passively managed ETF aims to construct a portfolio of high-caliber U.S. equities, focusing on large and mid-sized companies. From a universe comprising the thousand largest U.S. stocks, eligible companies are assessed and ranked within their specific industry sectors using a comprehensive quality metric, which is then adjusted for company size. This quality metric is derived from a weighted average of three core financial indicators: free cash flow margin, return on invested capital, and the consistency of free cash flow. However, for banking institutions, Return on Equity (ROE) and the debt-to-asset ratio are utilized in place of these standard metrics. The resulting portfolio, typically holding between 60 and 100 different stocks, is strategically weighted to emphasize sectors demonstrating superior return on invested capital. Its underlying index undergoes rebalancing twice a year.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Fidelity U.S. High Quality Currency Neutral ETF (FCQH.TO)
No price history available.
This passively managed ETF aims to construct a portfolio of high-caliber U.S. equities, focusing on large and mid-sized companies. From a universe comprising the thousand largest U.S. stocks, eligible companies are assessed and ranked within their specific industry sectors using a comprehensive quality metric, which is then adjusted for company size. This quality metric is derived from a weighted average of three core financial indicators: free cash flow margin, return on invested capital, and the consistency of free cash flow. However, for banking institutions, Return on Equity (ROE) and the debt-to-asset ratio are utilized in place of these standard metrics. The resulting portfolio, typically holding between 60 and 100 different stocks, is strategically weighted to emphasize sectors demonstrating superior return on invested capital. Its underlying index undergoes rebalancing twice a year.
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