Symbols

FSMD

Fidelity Small-Mid Multifactor ETF·NYSE

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Key Stats

Assets Under Management

1.93BUSD

Fund Flows (1Y)

1.11BUSD

Dividend Yield

1.33%

Discount/Premium to NAV

0.14%

Shares Outstanding

43.20M

Expense Ratio

0.16%

About Fidelity Small-Mid Multifactor ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

https://institutional.fidelity.com/app/fund/etf/snapshot/FIIS_ETF_FSMD.html

Inception Date

Feb 26, 2019

Structure

Open-Ended Fund

Index Tracked

Fidelity Small-Mid Multifactor Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Fidelity Management & Research Co. LLC

Distributor

Fidelity Distributors Corp.

FSMD tracks an index of small- and mid-cap US market stocks selected and weighted using a wide variety of valuation metrics. The fund looks for a combination of attractive valuations, high quality profiles, positive momentum signals, lower volatility than the emerging equities market at large, and lower correlation to the U.S. equity market. This index is a subset of the Fidelity U.S. Total Investable Market Index, but excludes the 500 largest companies included in the broader index. Prior to December 1, 2020, the fund was previously called the Fidelity Small-Mid Factor ETF and tracked the Fidelity Small-Mid Factor Index.