FDWM
Fidelity Women's Leadership ETF
FDWM is an actively-managed, non-transparent ETF that invests in companies that prioritize and advance womens leadership and development.
US
EQUITY
Active
MANAGEMENT STYLE
4.6 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 09, 2021 |
| Assets (mns) | $5 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMAZON.COM INC | 4.4 % |
| MICROSOFT CORP | 3.8 % |
| ALPHABET INC. CLASS C | 2.8 % |
| APPLE INC | 2.1 % |
| ACCENTURE PLC-CL A | 2.1 % |
| WALT DISNEY CO/THE | 1.9 % |
| NASDAQ OMX GROUP/THE | 1.8 % |
| SALESFORCE.COM INC | 1.8 % |
| HOLOGIC INC | 1.8 % |
| CIGNA CORPORATION | 1.8 % |
Constituent Breakdown
| Number of holdings | 107 |
| Herfindahl-Hirschman Index | 134 |
| Wgt avg mkt cap (mns) | $435,374 |
| Large cap (>$10bn) | 83.1% |
| Mid cap ($2-10bn) | 13.6% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.4% |
Country Exposure
 |
UNITED STATES | 88.9 % |
 |
IRELAND | 3.8 % |
 |
NETHERLANDS | 1.2 % |
 |
BRITAIN | 0.9 % |
 |
CANADA | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.2% | 30.3% | 17.0% | -- | -- | -- | 3.2% | Volatility | 13.7% | 13.8% | 15.2% | 18.7% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 93% |
| MSCI EAFE | 0.93 | 77% |
| MSCI Emg Mkts | 0.70 | 42% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $115,741 |
Technical Indicators
| Recent close | $23.11 |
| 30d moving avg. | $23.20 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FDWM |
Expenses vs. FDWM |
ALTAR Score™ vs. FDWM |
|---|---|---|---|---|
| FSST | Fidelity Sustainable U.S. Equity ETF | 38.9% | 0 bp | -2.3% |
| BKWO | BNY Mellon Women's Opportunities ETF | 31.0% | -9 bp | -0.8% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 28.3% | -27 bp | +0.2% |
| LRGC | AB US Large Cap Strategic Equities ETF | 28.2% | -11 bp | -0.1% |
| ESGU | iShares ESG Aware MSCI USA ETF | 27.4% | -44 bp | +0.4% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 27.1% | -39 bp | +0.2% |
| LCTU | BlackRock U.S. Carbon Transition Readiness ETF | 26.6% | -45 bp | +0.3% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 26.6% | -52 bp | +0.3% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 26.3% | -51 bp | +0.3% |
| WOMN | Impact Shares YWCA Women's Empowerment ETF | 26.3% | +16 bp | -0.1% |
Risk and Returns: FDWM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FDWM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
FDWM
4.7%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FDWM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places FDWM in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDWMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FDWM (59 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDWM | 59.0 | 13.6 | 72.6 |
| Peer Avg. | 56.8 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .