ATLASFidelity Quality Factor ETF (FQAL): outlook, holdings and fees
Fidelity Quality Factor ETF (FQAL) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.15% and the yield is 1.14%. The ten largest holdings are 38% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FQAL
| Last price | $83.82 (+0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 57% |
| Likely 1-month range (50%) | $82.62 – $85.94 |
| Normal 1-day range (±1σ) | ±0.7% |
| Distribution yield | 1.14% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FQAL fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | Factor strategies |
| Assets under management | $1.4B |
| Expense ratio | 0.15% |
| Number of holdings | 49 |
| Portfolio turnover | 43% |
| Inception | Sep 12, 2016 |
| Exchange | NYSE |
The fund normally invests at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index", which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market. It invests in lending securities to earn income for the fund.
FQAL top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 7.80% |
| Apple Inc. AAPL | Technology | 7.20% |
| Microsoft Corporation MSFT | Technology | 6.01% |
| Alphabet Inc Class A GOOGL | Communication Services | 4.89% |
| Broadcom Inc AVGO | Technology | 2.79% |
| Meta Platforms Inc. META | Communication Services | 2.30% |
| Micron Technology Inc MU | Technology | 2.32% |
| JPMorgan Chase & Co JPM | Financial Services | 1.72% |
| Eli Lilly and Company LLY | Healthcare | 1.61% |
| Palantir Technologies Inc. PLTR | Technology | 1.46% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FQAL sector breakdown
| Sector | Weight |
|---|---|
| Technology | 39.8% |
| Financial Services | 12.0% |
| Healthcare | 9.6% |
| Communication Services | 9.2% |
| Industrials | 8.3% |
| Consumer Cyclicals | 7.7% |
| Consumer Defensive | 4.2% |
| Energy | 3.7% |
| Real Estate | 1.9% |
| Utilities | 1.9% |
| Basic Materials | 1.8% |
By region: North America 99.1%, Latin America 0.5%, Europe Developed 0.4%.
FQAL returns and risk
| Year to date | +13.7% |
|---|---|
| 1 year | +17.8% |
| 3 years (annualised) | +21.6% |
| 5 years (annualised) | +12.6% |
| 10 years (annualised) | +14.1% |
| Volatility (3 years) | 10.9% |
| Sharpe ratio (3 years) | 1.32 |
Past returns do not guarantee future results.
FQAL: frequently asked questions
What does FQAL invest in?
Fidelity Quality Factor ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (7.8%), Apple Inc. (7.2%), Microsoft Corporation (6.0%), Alphabet Inc Class A (4.9%), Broadcom Inc (2.8%).
What is the FQAL expense ratio?
0.15% a year: about $15.00 for every $10,000 invested.
What is the FQAL dividend yield?
1.14%. ATLAS does not hold the exact distribution dates for ETFs.
Will FQAL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 57%, with a likely range (50%) of $82.62 to $85.94 from $83.82 today. It is a probability, not a prediction.
How has FQAL performed?
Year to date +13.7%, one year +17.8%, three years +21.6% a year, five years +12.6% a year. Past returns do not guarantee future results.
Similar ETFs: Factor strategies
- iShares MSCI Intl Quality Factor ETF (IQLT)
- Invesco S&P MidCap Momentum ETF (XMMO)
- Invesco S&P MidCap Quality ETF (XMHQ)
- Invesco Russell 1000 Dynamic Multifactor ETF (OMFL)
- iShares MSCI Intl Momentum Factor ETF (IMTM)
- Invesco S&P SmallCap Momentum ETF (XSMO)
- Invesco S&P 100 Equal Weight ETF (EQWL)
- Fidelity Small-Mid Multifactor ETF (FSMD)
Educational information, not investment advice. Disclaimer