FDMO ETF — Fidelity® Momentum Factor ETF

Fidelity® Momentum Factor ETF (FDMO)

FDMO is a low-cost ETF. its distribution rate is 0.64%, its trailing-12-month yield is 0.44%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Total return is 313.4% over the past 10 years, 3.0 points behind SPY at 316.4%.

At the current 0.64% distribution rate, a $10,000 investment would generate approximately $64 per year, or about $16.00 per quarter if the next payment matches the last regular one.

Fidelity® Momentum Factor ETF is an exchange-traded fund that tracks the Fidelity U.S. Momentum Factor Index, investing at least 80% of assets in large and mid-cap U.S. stocks displaying positive momentum characteristics, with additional income generated through securities lending. The fund has a modest current distribution rate with quarterly distributions and carries a low expense ratio of 0.15%. It is designed to appeal to growth-oriented investors seeking exposure to momentum-based equity strategies rather than income-focused investors.

FDMO performance versus SPY

Price and return data through 2026-09-18.

Total return is 313.4% over the past 10 years, 3.0 points behind SPY at 316.4%. Over the past year its total return — price change plus distributions reinvested — is 14.7%. Its deepest 1-year drawdown was 12.2%.

FDMO key facts

Distribution Safety Score™

82 · Safe

Safety-Adjusted Yield

0.52%

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Equity

Inception date

09/12/2016

Expense ratio

0.15%

Distribution rate

0.64%

Distribution frequency

Quarterly

Trailing yield

0.44%

Last close

$94.48 (as of 2026-09-18)

NAV

$92.50

Premium / discount

2.14% premium

AUM

$883,398,197

Average volume

51700.0

Last dividend

$0.15

Last ex-dividend date

06/18/2026 (as of 2026-06-18)

Last payment date

06/23/2026 (as of 2026-06-23)

Beta

1.19

P/E ratio

25.465

How Dividend Vision calculates yield and returns

Distribution rate (0.64%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.44%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FDMO risks and drawbacks

FDMO's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.2%.

Who may consider FDMO — and who may not

FDMO may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (FDMO pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Compare FDMO

FDMO vs similar funds:

• FDMO vs SPMO

Frequently asked questions

More securities from Fidelity Investments.