Key stats
About Fidelity Enhanced Mid 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
US31609A5039
FMDE seeks capital appreciation by targeting common stocks within the Russel Midcap Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the mid-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. FMDE converted from a mutual fund called Fidelity Mid Cap Enhanced Index Fund to an actively managed ETF structure starting with $1.33 billion 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
Electronic Technology
Stocks98.67%
Finance18.98%
Technology Services15.50%
Electronic Technology11.11%
Retail Trade5.99%
Producer Manufacturing5.81%
Consumer Services5.54%
Health Technology5.03%
Industrial Services4.39%
Utilities4.31%
Process Industries3.42%
Distribution Services3.21%
Consumer Non-Durables2.55%
Commercial Services2.40%
Transportation2.34%
Consumer Durables2.24%
Energy Minerals2.21%
Health Services1.98%
Non-Energy Minerals1.64%
Communications0.01%
Bonds, Cash & Other1.33%
Mutual fund1.13%
Government0.11%
Cash0.09%
Futures0.00%
Miscellaneous0.00%
Stock breakdown by region
North America97.03%
Europe2.87%
Middle East0.06%
Latin America0.04%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FMDE invests in stocks. The fund's major sectors are Finance, with 18.98% stocks, and Technology Services, with 15.50% of the basket. The assets are mostly located in the North America region.
FMDE last dividends amounted to 0.12 USD. The quarter before, the issuer paid 0.11 USD in dividends, which shows a 10.74% increase.
FMDE assets under management is 3.90 B USD. It's risen 12.44% over the last month.
FMDE fund flows account for 1.69 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, FMDE pays dividends to its holders with the dividend yield of 1.22%. The last dividend (Sep 23, 2025) amounted to 0.12 USD. The dividends are paid quarterly.
FMDE shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 20, 2023, and its management style is Active.
FMDE expense ratio is 0.23% meaning you'd have to pay 0.23% of your investment to help manage the fund.
FMDE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FMDE invests in stocks.
FMDE price has fallen by −2.19% over the last month, and its yearly performance shows a 8.55% increase. See more dynamics on FMDE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.11% over the last month, showed a 3.57% increase in three-month performance and has increased by 13.56% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.11% over the last month, showed a 3.57% increase in three-month performance and has increased by 13.56% in a year.
FMDE trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.