Fidelity Enhanced Small Cap ETF

FESM

Market cap $2.32B

Overview Fund Activity

36.03 USD

-0.40

1.1%

At close Updated Sep 12, 4:00 PM EDT

1 day

-1.1%

5 days

-0.14%

1 month

5.51%

3 months

15.22%

6 months

21.64%

Year to date

11.03%

1 year

17.21%

5 years

43.49%

10 years

43.49%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

400% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 8

145% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 20

37% more funds holding

Funds holding: 86 [Q1] → 118 (+32) [Q2]

15% more capital invested

Capital invested by funds: $1.1B [Q1] → $1.26B (+$164M) [Q2]

1.32% more ownership

Funds ownership: 65.88% [Q1] → 67.21% (+1.32%) [Q2]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

SPIVA 2025 Mid-Year Report Throws Spotlight on Active SMIDcap Funds

Halftime in 2025 threw a spotlight on active small- and midcap funds via the SPIVA U.S. Mid-Year 2025 report. The trend of active ETF launches is outpacing their passive peers this year.

SPIVA 2025 Mid-Year Report Throws Spotlight on Active SMIDcap Funds

Fidelity Aims to Be a Top 3 Active ETF Provider

After a strong 2024, Fidelity ETFs gathered approximately $10 billion in the first four months of 2025. Demand for actively managed products has been a key driver as Fidelity leans further into the ETF market.

Fidelity Aims to Be a Top 3 Active ETF Provider

FESM: High-Beta SMID Portfolio With Worrisome Quality, Some Caution Is Needed

FESM is an actively managed ETF offering exposure to financials- and industrials-heavy basket of SMID stocks. There is minor exposure to large caps as well. Since the conversion to an ETF in November 2023, FESM has been on a tear for quite some time, so it even beat IVV over December 2023 to January 2025. Still, it has been remarkably sensitive to the recent market softness as it trailed IVV and peers like IJR and IWM in February.

FESM: High-Beta SMID Portfolio With Worrisome Quality, Some Caution Is Needed

ETF Flowdown: Off to the Races in 2025

One month into 2025, and ETFs are already off to the races, hauling in over $100 billion in net inflows in January. Hefty gains across the board reflect continued bullish sentiment on the stock market overall.

ETF Flowdown: Off to the Races in 2025

Bet on Rekindled Growth, But Diversification Taking Hold

Investor appetite for growth really is something to behold. Coming into the week of the U.S. presidential inauguration, we had been talking about the importance of diversification in the face of so much uncertainty, geopolitical risk, and lofty equity valuations following massive market gains in recent years.

Bet on Rekindled Growth, But Diversification Taking Hold

Don't Ignore Standout Small Caps in Active Small-Cap ETF FESM

2024 offered significant returns for investors, with the S&P 500 up 23.5% over the last year per YCharts data. Figuring out the right approach to 2025, then, looms as a key task for investors.

Don't Ignore Standout Small Caps in Active Small-Cap ETF FESM

6 ETFs to Enhance Your Equity Portfolio

While some debate the merits of active versus passive investment, advisors and investors no longer have to choose one over the other. The Fidelity Enhanced ETFs offer the best of both worlds by providing exposures similar to core equity benchmarks but with the benefits of active management.

6 ETFs to Enhance Your Equity Portfolio

Rate Cuts Benefit These 2 Equity Categories

Interest rate cuts historically benefit equities, resulting in outperformance for the next year after the initial rate cut. Pockets of more pronounced opportunity may exist within stocks for investors in a declining rate environment.

Rate Cuts Benefit These 2 Equity Categories

3 ETFs to Harness Small-Cap Rebound Potential in Falling Rates

As the Federal Reserve turned its eye from inflation to protecting the labor market at August's Jackson Hole meeting, markets rose in hopes of rate cuts beginning at the end of the third quarter. A falling rate environment may prove particularly supportive for small-cap stocks.

3 ETFs to Harness Small-Cap Rebound Potential in Falling Rates

Fidelity Offers Core Equity Exposure with Active Benefits

Many funds exist for equity investors, but few combine the benefits of core exposures alongside active management. The Fidelity Enhanced ETF suite seeks to outperform its benchmarks through its active strategy.

Fidelity Offers Core Equity Exposure with Active Benefits

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