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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Small-Mid Multifactor ETF

FSMD | ETF

$50.08

$2.37 B

1.36%

$0.68

0.15%

Vitals

YTD Return

13.9%

1 yr return

25.6%

3 Yr Avg Return

17.3%

5 Yr Avg Return

9.5%

Net Assets

$2.37 B

Holdings in Top 10

5.9%

52 WEEK LOW AND HIGH

$50.2
$40.43
$50.50

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 61.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Small-Mid Multifactor ETF

FSMD | ETF

$50.08

$2.37 B

1.36%

$0.68

0.15%

FSMD - Profile

Distributions

  • YTD Total Return 13.9%
  • 3 Yr Annualized Total Return 17.3%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    Fidelity Small-Mid Multifactor ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Feb 28, 2019
  • Shares Outstanding
    2300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Louis Bottari

Fund Description

Normally investing at least 80% of assets in securities included in the Fidelity Small-Mid Multifactor IndexSM. The Fidelity Small-Mid Multifactor Index SM is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index SM . The Fidelity Small-Mid Multifactor Index SM  is constructed using Fidelity's rules-based proprietary index methodology. Stocks are ranked and given a composite score based on four factors: valuation, quality, momentum, and volatility. Within each sector, stocks are weighted based on their market capitalization weight in the Fidelity U.S. Extended Investable Market Index SM plus an overweight adjustment that is equal for all constituents within that sector. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Lending securities to earn income for the fund.
Read More

FSMD - Performance

Return Ranking - Trailing

Period FSMD Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -22.2% 42.3% 25.08%
1 Yr 25.6% -15.2% 81.7% 34.74%
3 Yr 17.3%* 4.2% 36.0% 28.70%
5 Yr 9.5%* -5.2% 17.7% 15.12%
10 Yr N/A* 5.2% 17.0% 53.69%

* Annualized

Return Ranking - Calendar

Period FSMD Return Category Return Low Category Return High Rank in Category (%)
2025 7.2% -30.5% 23.6% 16.92%
2024 13.6% -9.8% 27.4% 10.27%
2023 15.6% -12.9% 28.8% 27.05%
2022 -12.5% -52.6% 3.0% 9.51%
2021 24.8% -43.8% 32.4% 8.98%

Total Return Ranking - Trailing

Period FSMD Return Category Return Low Category Return High Rank in Category (%)
YTD 13.9% -22.2% 42.3% 25.08%
1 Yr 25.6% -15.2% 81.7% 34.74%
3 Yr 17.3%* 4.2% 36.0% 28.70%
5 Yr 9.5%* -5.2% 17.7% 15.12%
10 Yr N/A* 5.2% 17.0% N/A

* Annualized

Total Return Ranking - Calendar

Period FSMD Return Category Return Low Category Return High Rank in Category (%)
2025 8.7% -5.5% 30.3% 41.99%
2024 15.2% -7.0% 34.8% 32.93%
2023 17.4% 1.8% 31.3% 27.96%
2022 -11.1% -45.7% 4.4% 17.79%
2021 26.4% -30.2% 52.8% 32.51%

FSMD - Holdings

Concentration Analysis

FSMD Category Low Category High FSMD % Rank
Net Assets 2.37 B 728 K 214 B 22.96%
Number of Holdings 589 1 2748 8.76%
Net Assets in Top 10 121 M 1.42 M 17.9 B 50.15%
Weighting of Top 10 5.92% 4.7% 100.0% 97.88%

Top 10 Holdings

  1. Fidelity Securities Lending Cash Central Fund 0.84%
  2. ANGLOGOLD ASHANTI PLC 0.74%
  3. CIENA CORP 0.74%
  4. COMFORT SYSTEMS USA INC 0.70%
  5. EMCOR GROUP INC 0.56%
  6. TAPESTRY INC 0.49%
  7. TECHNIPFMC PLC 0.48%
  8. UNITED THERAPEUTICS CORP DEL 0.46%
  9. FLEX LTD 0.46%
  10. CURTISS WRIGHT CORPORATION 0.45%

Asset Allocation

Weighting Return Low Return High FSMD % Rank
Stocks 		99.90% 5.44% 100.09% 3.32%
Cash 		0.84% 0.00% 20.13% 70.69%
Bonds 		0.01% 0.00% 72.34% 9.06%
Other 		0.00% -0.37% 16.45% 25.68%
Preferred Stocks 		0.00% 0.00% 5.95% 48.94%
Convertible Bonds 		0.00% 0.00% 1.78% 48.64%

Stock Sector Breakdown

Weighting Return Low Return High FSMD % Rank
Financial Services 		16.17% 0.00% 31.51% 21.82%
Industrials 		15.70% 0.00% 45.89% 55.45%
Technology 		14.47% 0.00% 40.65% 63.03%
Consumer Cyclical 		12.75% 2.49% 46.48% 53.64%
Healthcare 		12.68% 0.00% 24.06% 21.21%
Real Estate 		8.55% 0.00% 25.82% 46.06%
Energy 		4.93% 0.00% 34.66% 56.36%
Basic Materials 		4.56% 0.00% 16.35% 73.94%
Consumer Defense 		4.44% 0.00% 32.18% 38.18%
Communication Services 		3.19% 0.00% 30.98% 38.79%
Utilities 		2.57% 0.00% 18.97% 70.00%

Stock Geographic Breakdown

Weighting Return Low Return High FSMD % Rank
US 		99.90% 5.44% 100.09% 3.32%
Non US 		0.00% 0.00% 16.83% 55.59%

Bond Sector Breakdown

Weighting Return Low Return High FSMD % Rank
Cash & Equivalents 		0.84% 0.00% 100.00% 65.56%
Derivative 		0.00% -0.79% 16.45% 13.29%
Securitized 		0.00% 0.00% 0.00% 46.08%
Corporate 		0.00% 0.00% 97.58% 51.31%
Municipal 		0.00% 0.00% 0.00% 46.08%
Government 		0.00% 0.00% 42.40% 47.71%

Bond Geographic Breakdown

Weighting Return Low Return High FSMD % Rank
US 		0.01% 0.00% 69.52% 9.06%
Non US 		0.00% 0.00% 2.82% 47.13%

FSMD - Expenses

Operational Fees

FSMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.02% 6.24% 93.60%
Management Fee 0.15% 0.00% 1.50% 10.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

FSMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FSMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FSMD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 61.00% 0.00% 304.00% 69.39%

FSMD - Distributions

Dividend Yield Analysis

FSMD Category Low Category High FSMD % Rank
Dividend Yield 1.36% 0.00% 29.78% 43.81%

Dividend Distribution Analysis

FSMD Category Low Category High Category Mod
Dividend Distribution Frequency Other Annual SemiAnnual Annual

Net Income Ratio Analysis

FSMD Category Low Category High FSMD % Rank
Net Income Ratio 1.23% -2.06% 3.38% 10.30%

Capital Gain Distribution Analysis

FSMD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FSMD - Fund Manager Analysis

Managers

Louis Bottari

Start Date

Tenure

Tenure Rank

Feb 26, 2019

3.26

3.3%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior portfolio manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.

Peter Matthew

Start Date

Tenure

Tenure Rank

Feb 26, 2019

3.26

3.3%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.

Robert Regan

Start Date

Tenure

Tenure Rank

Feb 26, 2019

3.26

3.3%

Robert Regan is a Portfolio Manager. He has been with Geode since 2016. Prior to joining Geode, Mr. Regan was a Senior Implementation Portfolio Manager at State Street Global Advisors from 2008 to 2016. Previously, Mr. Regan was employed by PanAgora Asset Management from 1997 to 2008, most recently as a Portfolio Manager. Mr. Regan began his career at Investors Bank and Trust.

Payal Gupta

Start Date

Tenure

Tenure Rank

Jun 30, 2019

2.92

2.9%

Payal Gupta joined Geode in 2019, Ms. Gupta has worked as a portfolio manager. Prior to joining Geode, Ms. Gupta worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Before joining SSGA in 2005, she worked as an analyst at Concentra Integrated Services and at Morgan Stanley. Ms. Gupta holds an MBA with specialization in Investments and Information Systems from Northeastern University and a Bachelor of Science in Information Technology from Bay Path University.

Navid Sohrabi

Start Date

Tenure

Tenure Rank

Aug 31, 2019

2.75

2.8%

Navid Sohrabi is portfolio manager of Geode Capital Management, LLC. Since joining Geode in 2019, Mr. Sohrabi has worked as a portfolio manager. Prior to joining Geode, Mr. Sohrabi worked at DWS, most recently as an index portfolio manager. Mr. Sohrabi was Vice President with Deutsche Asset Management and has served as a Portfolio Manager and quantitative multi-asset strategist in the Passive Asset Management business since 2015. Prior to joining Deutsche Bank, Mr. Sohrabi served as a derivatives trader for several institutional asset managers and commodity trading advisors where he developed and managed systematic risk and trading strategies in equities, options, fx and futures. Mr. Sohrabi earned a BA in neurobiology from the University of California, Berkley, and a Masters of Financial Engineering from the Anderson School of Management at the University of California, Los Angeles and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 32.69 7.46 5.78

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