FESM – Fidelity Enhanced Small Cap Core ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund will normally invest at least 80% of assets in common stocks included in the Russell 2000® Index, which is a market capitalization-weighted index designed to measure the performance of the small-cap segment of the U.S. equity market. The adviser will generally utilizing a research-driven approach identifying long-term drivers of stock returns that may include,but are not limited to, valuation, growth, quality, and other factors.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FESM	Fidelity Enhanced Small Cap Core ETF	ETF	Open			Dec 20, 2007	$6.56B	0.280%	—	—	$3.08B

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