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Fidelity Enhanced Small Cap ETF FESM

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

Morningstar’s Analysis FESM

Will FESM 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 FESM’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FESM 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 FESM’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 Small Cap ETF's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a 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 FESM

More FESM Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Securities Lending Cash Central Fund

6.43 36.8 Mil
Cash and Equivalents

Fidelity Cash Central Fund

2.33 13.3 Mil
Cash and Equivalents

Super Micro Computer Inc

2.16 12.3 Mil
Technology

Abercrombie & Fitch Co Class A

0.96 5.5 Mil
Consumer Cyclical

Carvana Co Class A

0.90 5.2 Mil
Consumer Cyclical

Fabrinet

0.88 5.0 Mil
Technology

MicroStrategy Inc Class A

0.81 4.6 Mil
Technology

SPS Commerce Inc

0.77 4.4 Mil
Technology

Matador Resources Co

0.76 4.4 Mil
Energy

Applied Industrial Technologies Inc

0.76 4.3 Mil
Industrials