FSMD

Fidelity Small-Mid Multifactor ETF

Fidelity Small-Mid Factor ETF is an exchange-traded fund incorporated in the USA. The fund seeks to track the performance of the Fidelity Small-Mid Factor Index.


Rules-Based, Diverse

MANAGEMENT MATRIX

BBMC

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFidelity
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateFeb 26, 2019
Assets (mns)$182
Expense ratio15 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
VIKING THERAPEUTICS, INC. 0.5 %
PURE STORAGE, INC. CLASS A 0.4 %
EMCOR GROUP INC 0.4 %
XPO LOGISTICS INC 0.3 %
CHARLES RIVER LABORATORIES 0.3 %
RITCHIE BROS AUCTIONEERS 0.3 %
TOPBUILD CORP 0.3 %
TOLL BROTHERS INC 0.3 %
KINSALE CAPITAL GROUP, INC. 0.3 %
INTERACTIVE BROKERS GRO-CL A 0.3 %
Constituent Breakdown
Number of holdings599
Herfindahl-Hirschman Index 19
Wgt avg mkt cap (mns)$6,675
Large cap (>$10bn)24.8%
Mid cap ($2-10bn)61.4%
Small cap (<$2bn)13.6%
Developed mkts.99.9%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 93.3 %
BERMUDA 1.2 %
BRITAIN 0.7 %
IRELAND 0.7 %
PUERTO RICO 0.6 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 11.0% 5.0% 6.8% -- -- 9.8%
Market Correlations
versus...BetaR-squared
S&P 5000.9686%
MSCI EAFE0.9476%
MSCI Emg Mkts0.6134%
Liquidity Measures
Avg. volume (000)84
Turnover1.8%
Avg. Bid/Ask (% of price)0.20%
ADV of underlying (mns)$31,482
Technical Indicators
Recent close$38.66
30d moving avg.$33.33
Annualized volatility18.5%
Relative strength (RSI)73
Short interest (ETF)0.6%
Short interest (underlying)4.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: FSMD vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.4 14.1 2.0 3.1% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
FSMD



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

FSMD

7.3%

Cat. Avg

5.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.3%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 882 funds in the US Equities category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.7%. FSMD's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places FSMD in the 73rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
FSMD
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
FSMD 15.0 20.1 35.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.