Fidelity U.S. Multifactor ETF (FLRG US) – Portfolio Construction MethodologyThe underlying Fidelity U.S. Multifactor Index offers large-cap U.S. exposure drawn from the 1,000 largest float-adjusted market-cap companies that meet liquidity and investability standards. Stocks are scored on value, quality, low volatility, and momentum; value uses tangible book-to-price and next-12-month earnings-to-price, while quality uses ROE and debt-to-assets. Within each GICS sector, the highest-ranked names are selected ...