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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
Identifiers
3
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
Electronic Technology
Technology Services
Stocks98.76%
Finance19.67%
Electronic Technology13.09%
Technology Services12.46%
Producer Manufacturing8.52%
Retail Trade5.49%
Industrial Services5.02%
Health Technology4.69%
Distribution Services4.01%
Consumer Services3.97%
Utilities3.97%
Consumer Durables3.32%
Commercial Services2.74%
Non-Energy Minerals2.66%
Energy Minerals2.62%
Consumer Non-Durables1.90%
Process Industries1.78%
Transportation1.61%
Health Services1.16%
Communications0.08%
Bonds, Cash & Other1.24%
Mutual fund0.76%
Cash0.33%
Government0.13%
Futures0.03%
Miscellaneous0.00%
Stock breakdown by region
North America97.23%
Europe2.67%
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 19.67% stocks, and Electronic Technology, with 13.09% of the basket. The assets are mostly located in the North America region.
FMDE top holdings are Western Digital Corporation and Bank of New York Mellon Corp, occupying 1.25% and 1.20% of the portfolio correspondingly.
FMDE last dividends amounted to 0.11 USD. The quarter before, the issuer paid 0.12 USD in dividends, which shows a 14.15% decrease.
FMDE assets under management is 5.13 B USD. It's risen 6.48% over the last month.
FMDE fund flows account for 2.19 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 1.19%. The last dividend (Dec 23, 2025) amounted to 0.11 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 −0.45% over the last month, and its yearly performance shows a 9.08% increase. See more dynamics on FMDE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.02% over the last month, showed a 5.40% increase in three-month performance and has increased by 9.93% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.02% over the last month, showed a 5.40% increase in three-month performance and has increased by 9.93% in a year.
FMDE trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.