FDLO ETF — Holdings & Analysis

The Fidelity Low Volatility Factor ETF (FDLO) is an equity ETF with $1.47 billion in assets under management.

FDLO seeks to provide investment results that correspond to the performance of the broader market, but with lower volatility, making it potentially suitable for investors seeking a more stable equity exposure. With an expense ratio of 0.15%, FDLO focuses on holding securities that exhibit lower price fluctuations than the overall market, offering a potentially smoother investment experience. Past performance does not guarantee future results.

FIDELITY LOW VOLATILITY FACTOR ETF (FDLO) ETF — Price, Holdings & Analysis

The Fidelity Low Volatility Factor ETF (FDLO) is an equity ETF with $1.47 billion in assets under management. FDLO seeks to provide investment results that correspond to the performance of the broader market, but with lower volatility, making it potentially suitable for investors seeking a more stable equity exposure. With an expense ratio of 0.15%, FDLO focuses on holding securities that exhibit lower price fluctuations than the overall market, offering a potentially smoother investment experience. Past performance does not guarantee future results.

ETF Overview

Focuses on securities, which generate similar returns as the broader market over time with less volatility.

The Fidelity Low Volatility Factor ETF (FDLO) aims to deliver market-like returns with reduced volatility. This is achieved by investing in a diversified portfolio of stocks that exhibit lower beta, a measure of volatility relative to the market. FDLO's investment strategy results in a portfolio of 131 holdings, with a significant allocation to the Technology sector (31.4%), followed by Financial Services (13.0%) and Consumer Cyclical (10.3%). The fund's top holdings include major technology companies such as Apple Inc (7.15%), Alphabet Inc Class A (5.69%), and Microsoft Corp (5.61%), reflecting the significant influence of these companies on the overall market. The fund also has exposure to other sectors like Healthcare (10.1%) and Industrials (9.6%), providing some diversification beyond technology. FDLO is primarily focused on US equities, with 96.0% of its holdings in the United States, with some exposure to Ireland (1.7%) and Switzerland (0.8%). This ETF may appeal to investors who want equity exposure but are concerned about market volatility.

Risk Metrics

FDLO, while designed to reduce volatility, still carries inherent risks. The fund's significant allocation to the Technology sector (31.4%) exposes it to sector-specific risks, meaning that a downturn in the technology industry could disproportionately impact FDLO's performance. While the fund has 131 holdings, the top holdings represent a significant portion of the portfolio, with Apple Inc alone accounting for 7.15%. This concentration could amplify the impact of any negative news or performance issues related to these top companies. FDLO's beta of 0.69 (3Y) indicates that it is less volatile than the overall market, but it does not eliminate risk entirely. The expense ratio of 0.15% will create a slight drag on performance over time, although it is relatively low. Past performance does not guarantee future results.

Expense Ratio

0.15%

What does FDLO hold?

Holding	Weight
Apple Inc (AAPL)	7.15%
Alphabet Inc Class A (GOOGL)	5.69%
Microsoft Corp (MSFT)	5.61%
Amazon.com Inc (AMZN)	3.63%
Broadcom Inc (AVGO)	3.51%
Berkshire Hathaway Inc Class B (BRK-B)	1.87%
Eli Lilly and Co (LLY)	1.73%
JPMorgan Chase & Co (JPM)	1.68%
Cisco Systems Inc (CSCO)	1.58%

How Is the Fund Allocated?

Sector	Weight
Technology	31.4%
Financial Services	13.0%
Consumer Cyclical	10.3%
Communication Services	10.2%
Healthcare	10.1%
Industrials	9.6%
Consumer Defensive	5.2%
Energy	3.5%
Utilities	2.4%
Real Estate	2.3%
Basic Materials	1.9%

Country	Weight
United States	96.0%
Ireland	1.7%
Switzerland	0.8%
Bermuda	0.6%
United Kingdom	0.5%
Other	0.4%
Canada	0.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

FIDELITY VALUE FACTOR ETF (FVAL) (Equity) — 0.15% expense ratio
FIDELITY DISRUPTIVE FINANCE ETF (FDFF) (Equity) — 0.50% expense ratio
FIDELITY WOMENS LEADERSHIP ETF (FDWM) (Equity) — 0.62% expense ratio
FIDELITY MSCI CONSUMER DISCRETIONARY INDEX ETF (FDIS) (Equity) — 0.08% expense ratio
FIDELITY ETHEREUM FUND (FETH) (Equity) — 0.25% expense ratio
FIDELITY CORPORATE BOND ETF (FCOR) (Equity) — 0.36% expense ratio

Risk Metrics

Beta: 0.69

Questions & Answers

What is FDLO and what does it track?

FDLO, or the Fidelity Low Volatility Factor ETF, is an exchange-traded fund that seeks to provide investment results that correspond to the performance of the broader market, but with lower volatility.

The fund achieves this by investing in a diversified portfolio of stocks that exhibit lower price fluctuations than the overall market.

What is the expense ratio for FDLO?

The expense ratio for FDLO is 0.15%. This means that for every $10,000 invested in the fund, investors will pay $15 in annual fees to cover the fund's operating expenses.

While expense ratios can vary across ETFs, FDLO's 0.15% is relatively competitive, especially considering the category average for equity ETFs is higher, at 0.44%.

What are the top holdings in FDLO?

FDLO's top holdings reflect its focus on large-cap, relatively stable companies. As of 2026-03-15, the top three holdings in FDLO are Apple Inc (AAPL) at 7.15%, Alphabet Inc Class A (GOOGL) at 5.69%, and Microsoft Corp (MSFT) at 5.61%.

These technology giants represent a significant portion of the fund's portfolio, reflecting their large market capitalization and relatively stable performance.

Is FDLO a good long-term investment?

Whether FDLO is a suitable long-term investment depends on an individual investor's goals and risk tolerance. FDLO aims to provide market-like returns with lower volatility, which may be attractive to investors seeking a more stable equity exposure.

The fund's expense ratio of 0.15% is relatively low, which can benefit long-term returns.

How does FDLO compare to similar ETFs?

FDLO competes with other low-volatility ETFs in the market, each with its own approach to selecting and weighting stocks. FDLO has $1.47 billion in assets under management.

Some competing ETFs may have different expense ratios or focus on different market segments. For example, some low-volatility ETFs may focus on small-cap stocks or international equities.

Does FDLO pay dividends?

According to the latest data, FDLO's dividend yield is 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.

While some ETFs focus on generating income through dividends, FDLO's primary objective is to provide market-like returns with lower volatility. Investors seeking dividend income may want to consider other ETFs that prioritize dividend payouts.