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About Fidelity Enhanced Small Cap ETF
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Inception date
Nov 20, 2023
Structure
Open-Ended Fund
Replication method
Physical
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 Co. LLC
ISIN
US31609A2069
FESM seeks capital appreciation by targeting common stocks within the Russel 2000 Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the small-cap sector of the US equity market. Investments may also include foreign stocks. With the aim of potentially providing a total return that surpasses that of the Index, the fund utilizes a computer-aided, quantitative analysis that evaluates historical valuation, growth, profitability, and various other factors. In addition to capital growth, the fund engages in securities lending as an income-generating strategy. FESM converted from a mutual fund called Fidelity Small Cap Enhanced Index Fund to an actively managed ETF structure starting with $435 million in net assets.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Stocks98.86%
Finance21.30%
Technology Services12.26%
Health Technology9.20%
Electronic Technology9.10%
Producer Manufacturing5.78%
Retail Trade3.92%
Non-Energy Minerals3.62%
Consumer Services3.46%
Health Services3.45%
Consumer Durables3.39%
Commercial Services2.93%
Industrial Services2.80%
Distribution Services2.22%
Energy Minerals2.06%
Consumer Non-Durables1.94%
Process Industries1.93%
Utilities1.87%
Transportation1.77%
Communications0.61%
Miscellaneous0.60%
Bonds, Cash & Other1.14%
Mutual fund5.80%
Government0.20%
Futures0.07%
Rights & Warrants0.00%
Miscellaneous0.00%
Cash−4.93%
Stock breakdown by region
North America98.41%
Europe1.48%
Latin America0.07%
Asia0.04%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FESM invests in stocks. The fund's major sectors are Finance, with 22.35% stocks, and Technology Services, with 12.86% of the basket. The assets are mostly located in the North America region.
FESM last dividends amounted to 0.01 USD. The quarter before, the issuer paid 0.16 USD in dividends, which shows a 1.04 K% decrease.
FESM assets under management is 2.30 B USD. It's risen 13.95% over the last month.
FESM fund flows account for 1.23 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FESM pays dividends to its holders with the dividend yield of 1.13%. The last dividend (Jun 24, 2025) amounted to 0.01 USD. The dividends are paid quarterly.
FESM shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 20, 2023, and its management style is Active.
FESM expense ratio is 0.28% meaning you'd have to pay 0.28% of your investment to help manage the fund.
FESM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FESM invests in stocks.
FESM price has risen by 7.21% over the last month, and its yearly performance shows a 11.02% increase. See more dynamics on FESM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.42% over the last month, showed a 16.96% increase in three-month performance and has increased by 14.12% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.42% over the last month, showed a 16.96% increase in three-month performance and has increased by 14.12% in a year.
FESM trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.