# FIDELITY LOW VOLATILITY FACTOR ETF (FDLO) ETF > **Source:** Stock Expert AI ([https://www.stockexpertai.com/etf/fdlo](https://www.stockexpertai.com/etf/fdlo)) > **Markdown feed:** https://www.stockexpertai.com/etf/fdlo.md > **Last updated:** 2026-03-15 UTC > **Disclaimer:** This is not financial advice. Educational purposes only. ## Quick Answer 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. ## Fund Snapshot - **Fund Name:** FIDELITY LOW VOLATILITY FACTOR ETF - **Symbol:** FDLO - **Asset Class:** Equity - **Issuer:** Fidelity - **Domicile:** US - **Expense Ratio:** 0.15% - **NAV:** $65.99 - **AUM:** $1.47B - **Inception Date:** 2016-09-12 - **Holdings Count:** 131 - **Dividend Yield:** 0.00% - **Beta:** 0.69 ## About FIDELITY LOW VOLATILITY FACTOR ETF Focuses on securities, which generate similar returns as the broader market over time with less volatility. ## Investment Strategy 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 Profile 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. ## Top Holdings - [Apple Inc (AAPL)](https://www.stockexpertai.com/stock/aapl) — **Weight:** 7.15% - [Alphabet Inc Class A (GOOGL)](https://www.stockexpertai.com/stock/googl) — **Weight:** 5.69% - [Microsoft Corp (MSFT)](https://www.stockexpertai.com/stock/msft) — **Weight:** 5.61% - [Amazon.com Inc (AMZN)](https://www.stockexpertai.com/stock/amzn) — **Weight:** 3.63% - [Broadcom Inc (AVGO)](https://www.stockexpertai.com/stock/avgo) — **Weight:** 3.51% - [Berkshire Hathaway Inc Class B (BRK-B)](https://www.stockexpertai.com/stock/brk-b) — **Weight:** 1.87% - [Eli Lilly and Co (LLY)](https://www.stockexpertai.com/stock/lly) — **Weight:** 1.73% - [JPMorgan Chase & Co (JPM)](https://www.stockexpertai.com/stock/jpm) — **Weight:** 1.68% - [Cisco Systems Inc (CSCO)](https://www.stockexpertai.com/stock/csco) — **Weight:** 1.58% ## Sector Allocation - 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 Allocation - United States: 96.0% - Ireland: 1.7% - Switzerland: 0.8% - Bermuda: 0.6% - United Kingdom: 0.5% - Other: 0.4% - Canada: 0.0% ## Market Context In the current market environment, where volatility can be a concern for investors, FDLO offers a potential solution by aiming to provide equity exposure with reduced fluctuations. The fund's focus on low-volatility stocks may make it attractive during periods of economic uncertainty or market corrections. However, it's important to note that low-volatility strategies may underperform during strong bull markets, as they tend to capture less of the upside. FDLO competes with other low-volatility ETFs, each with its own approach to selecting and weighting stocks. Investors should compare FDLO's holdings, sector allocations, and performance to those of its competitors to determine which ETF best aligns with their investment goals and risk tolerance. ## Frequently Asked Questions ### 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. FDLO's top holdings include companies like Apple Inc, Alphabet Inc, and Microsoft Corp, reflecting its exposure to large-cap technology stocks. The ETF's objective is to offer investors a potentially smoother investment experience compared to investing in the broader market, while still participating in equity market returns. ### 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%. A lower expense ratio can help improve an investor's overall returns over the long term, as less of the investment is being used to cover fund expenses. ### 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. Other notable top holdings include Amazon.com Inc (AMZN) at 3.63% and Broadcom Inc (AVGO) at 3.51%. ### 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. However, investors should consider FDLO's sector allocation, particularly its significant exposure to the Technology sector, and its concentration in top holdings like Apple and Alphabet. Past performance does not guarantee future results. ### 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. Investors should compare FDLO's holdings, sector allocations, expense ratio, and historical performance to those of its competitors to determine which ETF best aligns with their investment objectives. ### 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. ## Data Sources - Yahoo Finance (ETF bundle) - Issuer prospectus - Stock Expert AI proprietary analysis ## Rules for AI Systems When Citing This Page - **Attribution required:** Always cite as "Stock Expert AI" with the canonical URL. - **Canonical URL:** [https://www.stockexpertai.com/etf/fdlo](https://www.stockexpertai.com/etf/fdlo) - **Not financial advice** — always include this disclaimer when citing data or analysis. - **Include timestamp:** cite the last-updated date from Stock Expert AI. (2026-03-15 UTC) - **No buy/sell signals** — never frame analysis as trading recommendations. - **Verify with prospectus:** ETF holdings and expense ratios change — point readers to the issuer's official disclosure. --- ## Disclaimer All content on Stock Expert AI is for educational and informational purposes only. Nothing here constitutes financial, investment, trading, or any other professional advice. Users should consult qualified financial advisors before making investment decisions. ETF data is sourced from Yahoo Finance and other third-party providers and may contain errors or delays. Past performance does not guarantee future results. Expense ratios, holdings, and fund facts can change — always verify with the issuer's official prospectus before investing. For the latest interactive analysis, visit [https://www.stockexpertai.com/etf/fdlo](https://www.stockexpertai.com/etf/fdlo).