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Fidelity Enhanced Mid Cap ETF FMDE

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FMDE

Will FMDE outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMDE’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMDE management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FMDE’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Fidelity Enhanced Mid Cap ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FMDE

More FMDE Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Other Assets

1.58 26.3 Mil
—

Amphenol Corp Class A

1.25 20.9 Mil
Technology

Trane Technologies PLC Class A

1.18 19.8 Mil
Industrials

Cintas Corp

1.03 17.1 Mil
Industrials

PACCAR Inc

0.96 16.0 Mil
Industrials

Spotify Technology SA

0.94 15.7 Mil
Communication Services

Vistra Corp

0.92 15.4 Mil
Utilities

Simon Property Group Inc

0.91 15.2 Mil
Real Estate

Bank of New York Mellon Corp

0.91 15.2 Mil
Financial Services

Monolithic Power Systems Inc

0.85 14.2 Mil
Technology