Fidelity Fundamental Small-Mid Cap ETF

FFSM

Market cap $753M

Overview Fund Activity

29.19 USD

-0.39

1.32%

At close Updated Sep 12, 4:00 PM EDT

1 day

-1.32%

5 days

-0.95%

1 month

3.11%

3 months

9.28%

6 months

16.34%

Year to date

8.11%

1 year

11.84%

5 years

42.81%

10 years

42.81%

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

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

100% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 9

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

21% more funds holding

Funds holding: 38 [Q1] → 46 (+8) [Q2]

1.69% less ownership

Funds ownership: 90.23% [Q1] → 88.54% (-1.69%) [Q2]

17% less capital invested

Capital invested by funds: $736M [Q1] → $614M (-$122M) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

See Fund Rankings

Financial journalist opinion

FFSM: Rates A Hold Because Performance Lags

Fidelity Fundamental Small-Mid Cap ETF offers active small- and mid-cap exposure but lacks daily portfolio transparency, with a moderate 0.43% fee and low 0.7% yield. Performance has improved recently, but FFSM still trails my preferred ETF - EZM - in risk-adjusted returns and value allocation. FFSM's short track record and mixed results led me to assign a Hold rating, favoring EZM for my portfolio.

FFSM: Rates A Hold Because Performance Lags

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

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

Look to Small- and Mid-cap ETF Upside in FFSM

If 2024 was the year of mega-cap tech, 2025 could potentially be the year of small- and mid-cap firms. Just a handful of big firms drove a significant percentage of returns last year, which many investors rode to a successful 2024 overall.

Look to Small- and Mid-cap ETF Upside in FFSM

Why SMID Cap ETFs Make Sense in a Falling-Rate Environment

Small- and mid-cap (SMID cap) ETFs have seen strong flows recently, making it important that investors fully understand why moving down the cap spectrum can make sense in a falling rate environment. In short, small-and mid-cap stocks, or SMID caps, are more sensitive to interest rates and economic conditions than larger companies.

Why SMID Cap ETFs Make Sense in a Falling-Rate Environment

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

The Investor's Guide to the SMIDcap Asset Class

The small-midcap (SMIDcap) asset class could be a compelling opportunity in the near future. SMIDcap ETFs are often underrepresented in portfolios.

The Investor's Guide to the SMIDcap Asset Class

An Actively Managed, Core Large-Cap ETF for Portfolios

July brought with it a market rotation mid-month as investors pivoted from large-cap to small-cap stocks. Investors looking to hone their existing large-cap portfolio with an actively managed strategy may consider the Fidelity Fundamental Large Cap Core ETF (FFLC).

An Actively Managed, Core Large-Cap ETF for Portfolios

3 Funds for Bullish SMID Investors

Small cap stocks experienced a flux of inflows in mid-July as investor rate cut hopes soared. Fidelity offers three actively managed ETFs for investors looking for opportunity in the SMID (small and mid cap) space.

3 Funds for Bullish SMID Investors

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