FSMDFidelity Small-Mid Multifactor ETF
Seeks investment returns that correspond to the performance of the Fidelity Small-Mid Multifactor Index.
By Fidelity Investments · Launched 2019
Annual Cost
0.15%
#645 of 6,040 · low cost
Fund Size
$2.5B
#679 of 6,040 · large
Return (1Y)
+15.8%
Track Record
7 years
#1,849 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$11,568+15.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaCap
Smid
Strategy
Index tracking
Factor
Multifactor
Index tracked
Fidelity Small-Mid Multifactor Index
Holdings
By weightConcentration
Top 10 holdings = 9.0% of funddiversified
SANDISK CORP/DE
2.2%
CIENA CORP
1.1%
LUMENTUM HOLDINGS INC
1.0%
COMFORT SYSTEMS USA INC
1.0%
Fidelity Revere Street Trust
0.8%
COHERENT CORP
0.8%
EMCOR GROUP INC
0.6%
ANGLOGOLD ASHANTI PLC
0.6%
FLEX LTD
0.5%
CASEY'S GENERAL STORES INC
0.5%
Asset allocation
Stocks
99.9%
Cash
0.5%
By sector
Financial Services
17.0%
Industrials
16.6%
Technology
16.4%
Healthcare
15.8%
Consumer Cyclical
10.6%
Real Estate
6.7%
Energy
4.6%
Consumer Defensive
3.5%
Other
8.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
15.6%Moderate
Year-on-year price swings
Max drawdown
-40.7%Severe
Worst peak-to-trough loss
Sharpe (3Y)
0.73Decent risk-adjusted returns
Sortino (3Y)
1.10Good downside protection
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks investment returns that correspond to the performance of the Fidelity Small-Mid Multifactor Index.
- Strategy
- Invests at least 80% in stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility. The strategy is based on a proprietary index methodology that ranks stocks by valuation, quality, momentum, and volatility, with weights adjusted based on market capitalization in the Fidelity U.S. Extended Investable Market Index.
- Inception date
- February 26, 2019
- Fund family
- Fidelity Investments
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Data updated on 2026-09-18