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 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.

A sound investment process and strong management team underpin Fidelity Small-Mid Multifactor 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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FSMD

More FSMD Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Securities Lending Cash Central Fund

1.35 6.6 Mil
Cash and Equivalents

NRG Energy Inc

0.43 2.1 Mil
Utilities

EMCOR Group Inc

0.42 2.0 Mil
Industrials

Lennox International Inc

0.40 1.9 Mil
Industrials

Texas Pacific Land Corp

0.40 1.9 Mil
Energy

Manhattan Associates Inc

0.38 1.9 Mil
Technology

Tenet Healthcare Corp

0.37 1.8 Mil
Healthcare

Live Nation Entertainment Inc

0.37 1.8 Mil
Communication Services

United Therapeutics Corp

0.36 1.7 Mil
Healthcare

Toll Brothers Inc

0.35 1.7 Mil
Consumer Cyclical

Sponsor Center