Fidelity Small-Mid Multifactor ETF

Frequently Asked Questions About FSMD

What does FSMD invest in?

This exchange-traded fund primarily invests in shares of American businesses with market capitalizations ranging from small to medium. It seeks out companies that are considered to be a good value, possess strong underlying business fundamentals, show a positive trend in their stock price, and exhibit more stable price movements compared to the overall market.

What is the expense ratio of FSMD?

Fidelity Small-Mid Multifactor ETF (FSMD) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FSMD?

Fidelity Small-Mid Multifactor ETF (FSMD) manages $2.50B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FSMD actively managed or an index fund?

FSMD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FSMD launched?

Fidelity Small-Mid Multifactor ETF (FSMD) launched in February 2019 and is managed by Fidelity.

How has FSMD performed?

FSMD's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.