Fidelity Small-Mid Multifactor ETF
U.S. stock index ETF · tracks Fidelity Small-Mid Multifactor Index
As of its 2026 Q2 report, Fidelity Small-Mid Multifactor ETF held 598 positions with $2.37B in net assets. Its ten largest holdings made up 9.0% of the fund. The FSMD share class costs 0.15% a year. Over the 12 months to May 2026, FSMD returned 25.7%, with dividends reinvested. In 2026 Q3 it added 4 new positions and exited 11.
Fidelity Small-Mid Multifactor ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Multifactor Index .
The fund tracks the Fidelity Small-Mid Multifactor Index, which selects small- and mid-cap U.S. stocks ranked by a composite score across four factors: valuation, quality, momentum, and volatility. Holdings are weighted by market capitalization plus an equal sector-level overweight adjustment. Because fund returns depend on the index methodology's factor rankings and weighting scheme, performance will diverge from the broader small- and mid-cap market to the extent those factors drive or lag market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
SNDKSANDISK CORP | 2.15% | $51.00M | 46.5K | $1,096.51 |
CIENCIENA CORP | 1.12% | $26.44M | 50.1K | $527.58 |
0.97% | $22.93M | 25.4K | $902.32 | |
0.95% | $22.52M | 12.2K | $1,840.25 | |
Fidelity Revere Street Trust | 0.82% | $19.39M | — | — |
COHRCOHERENT CORP | 0.76% | $17.99M | 56.3K | $319.71 |
0.60% | $14.22M | 15.9K | $891.67 | |
ANGLOGOLD ASHANTI PLC | 0.59% | $13.91M | 148.4K | $93.73 |
FLEX LTD | 0.54% | $12.86M | 140.5K | $91.55 |
0.53% | $12.44M | 15.1K | $822.15 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 598 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.88% |
| Cash & short-term | 0.91% |
| Derivatives | 0.01% |
| Bonds | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Industrials
- 19.9%
- Information Technology
- 16.4%
- Financials
- 16.1%
- Health Care
- 12.1%
- 11 other sectors
- 35.6%
- Industrials
- 19.9%
- Information Technology
- 16.4%
- Financials
- 16.1%
- Health Care
- 12.1%
- Consumer Discretionary
- 9.5%
- Real Estate
- 6.0%
- Materials
- 3.6%
- Energy
- 3.6%
- International
- 3.3%
- Communication Services
- 3.1%
- Consumer Staples
- 3.0%
- Utilities
- 2.2%
- Cash
- 1.2%
- Other
- 0.2%
- Government
- 0.0%
How it has done
FSMD share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.19%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Fidelity Small-Mid Multifactor ETF is a U.S. equity index ETF that tracks the Fidelity Small-Mid Multifactor Index. 21% of FSMD’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 91% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Expense ratio, by class
- 0.15%· FSMD 0.15%
- Portfolio turnover
- 38.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new
11 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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