Fidelity Fundamental Small-Mid Cap ETF

Frequently Asked Questions About FSMO

What does FSMO invest in?

The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies with small to medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2500™ Index). It invests in domestic and foreign issuers. The fund is non-diversified.

What is the expense ratio of FSMO?

Fidelity Fundamental Small-Mid Cap ETF (FSMO) charges an expense ratio of 0.43%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FSMO?

Fidelity Fundamental Small-Mid Cap ETF (FSMO) manages $742.2M 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 FSMO actively managed or an index fund?

FSMO is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (FSMO's is 0.43%) in exchange for the discretion to over- or under-weight positions.

When was FSMO launched?

Fidelity Fundamental Small-Mid Cap ETF (FSMO) launched in February 2021 and is managed by Fidelity.

How has FSMO performed?

FSMO'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.