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Fidelity Momentum Factor ETF
FDMO (Fidelity Momentum Factor ETF) is a factor Commodities ETF by Fidelity. With a 0.15% MER, it provides diversified exposure through 122 holdings. Quarterly distribution with a 0.67% yield.
FDMO by Fidelity is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
Its 0.15% MER makes it one of the most cost-effective options in its category.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).