Morningstar

Fidelity Small-Mid Multifactor ETF FSMD

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

Morningstar’s Analysis FSMD

Will FSMD outperform in the 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 FSMD’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSMD 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 FSMD’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Fidelity Small-Mid Multifactor ETF holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FSMD

More FSMD Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SanDisk Corp Ordinary Shares

3.50 89M
Technology

Fidelity Securities Lending Cash Central Fund

1.33 34M
Cash and Equivalents

Ciena Corp

0.94 24M
Technology

Comfort Systems USA Inc

0.88 22M
Industrials

Lumentum Holdings Inc

0.81 21M
Technology

Flex Ltd

0.79 20M
Technology

Coherent Corp

0.74 19M
Technology

Revolution Medicines Inc Ordinary Shares

0.59 15M
Healthcare

EMCOR Group Inc

0.51 13M
Industrials

Casey's General Stores Inc

0.50 13M
Consumer Cyclical

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