Fidelity Momentum Factor ETF (FDMO) offers disciplined exposure to large- and mid-cap U.S. equities, emphasizing market leaders with strong momentum. FDMO systematically overweights stocks with robust price trends, earnings revisions, and institutional flows, while underweighting laggards, avoiding speculative small caps. The fund has outperformed major benchmarks in 2026, benefiting from concentrated leadership in AI, technology, and pharmaceutical innovation.