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%
#612 of 5,861 · low cost
Fund Size
$2.6B
#652 of 5,861 · large
Return (1Y)Goal
+22.1%
Track Record
7 years
#1,835 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$12,277+22.8%
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
What it actually holds
By weightConcentration
Top 10 holdings = 9.0% of fund✓ well diversified
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
100.1%
Cash
1.4%
By sector
Technology
20.9%
Industrials
20.3%
Financial Services
15.2%
Healthcare
12.2%
Consumer Cyclical
10.6%
Real Estate
6.1%
Energy
3.7%
Basic Materials
3.5%
Other
7.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
15.8%Moderate
Year-on-year price swings
Max drawdown
-40.7%Severe
Worst peak-to-trough loss
Sharpe (3Y)
0.69Decent risk-adjusted returns
Sortino (3Y)
1.04Good 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 2026-08-04