Fidelity Small-Mid Multifactor ETF (FSMD)
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FSMD: Small-Cap ETF With Low Volatility
Fidelity Small-Mid Multifactor ETF offers diversified exposure to 602 U.S. small- and mid-cap stocks, emphasizing value, quality, momentum, and low volatility. FSMD has outperformed the S&P SmallCap 600 since inception, delivering higher returns with lower risk metrics. The ETF demonstrates growth characteristics, strong dividend growth, low volatility and a low expense ratio, making it a reasonable choice for small-cap allocation.
FSMD: A Small- And Mid-Cap ETF With Attractive Valuation, Well-Positioned In The Current Market
FSMD offers diversified small- and mid-cap exposure with a multi-factor approach, emphasizing valuation, quality, momentum, and low volatility. The fund trades at an attractive discount to benchmarks and peers, while maintaining profitability and a defensive sector tilt. FSMD has outperformed the S&P MidCap 400 and most peers over 5 years, with lower volatility and a strong Sharpe ratio.
FSMD: One Of The Best Small-Cap Multi-Factor ETFs
Fidelity Small-Mid Multifactor ETF invests in small and mid-cap U.S. stocks with value, quality, momentum, and low volatility. FSMD is highly diversified across nearly 600 stocks, with a focus on industrials and financials, and has growth characteristics. FSMD has outperformed the S&P SmallCap 600 Index and several small-cap multi-factor ETFs.
Fidelity Small-Mid Multifactor ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 6,862 | $285,940.3 | $349,378.73 | $63,438.43 | 22.19% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 419 | $17,145.37 | $21,232.82 | $4,087.45 | 23.84% |
 Jeff Ameen Spire Wealth Management | 24,543 | $1.03M | $1.26M | $226,781.93 | 22.02% |
 Maree Sgro BG Investment Services Inc. | 21,548 | $894,373.17 | $1.09M | $200,049.75 | 22.37% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 12,974 | $546,034.34 | $662,582.18 | $116,547.84 | 21.34% |
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Fidelity Small-Mid Multifactor ETF Profile
| ARCA Exchange | US Country |
Overview
This financial entity represents a fund that focuses primarily on investing in U.S. companies within the small to mid-cap range, showcasing certain desirable characteristics. Specifically, it allocates at least 80% of its assets towards the securities that are part of the Fidelity Small-Mid Multifactor Index. This index is crafted to represent the performance of small- and mid-capitalization U.S. companies. What sets these companies apart are their compelling valuations, high quality profiles, strong momentum signals, and a tendency to exhibit lower volatility compared to the broader market. The broader market, in this context, is referenced by the Fidelity U.S. Extended Investable Market Index. The fund’s investment strategy highlights a preference for companies that not only offer potential for growth but also mitigate risk through lower volatility, making it a potentially attractive choice for investors looking for exposure to small and mid-cap U.S. equities with a multifactor approach.
Products and Services
Fidelity Small-Mid Multifactor Index Securities: The core product of this fund involves investment in securities that are included in the Fidelity Small-Mid Multifactor Index. These securities are chosen for their potential to reflect the performance of small- and mid-capitalization U.S. companies that are considered to have attractive valuations, exhibit high quality, demonstrate positive momentum, and show lower volatility than the broader market. By focusing on these factors, the fund aims to offer a balanced and diversified portfolio that captures growth while managing risk.
Exposure to Small and Mid-Cap U.S. Equities: Through its strategic investments, the fund provides investors with exposure to a segment of the market that includes small and mid-cap U.S. companies. These companies are recognized for their growth potential and are typically less volatile than their larger counterparts. This product offers investors the opportunity to diversify their investment portfolio by tapping into the unique attributes and performance dynamics of these market segments.
