ATLASFidelity Fundamental Small-Mid Cap ETF (FFSM): outlook, holdings and fees
Fidelity Fundamental Small-Mid Cap ETF (FFSM) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.44% and the yield is 0.55%. The ten largest holdings are 14% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FFSM
| Last price | $34.10 (-1.7%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 54% |
| Likely 1-month range (50%) | $33.23 – $35.31 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 0.55% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FFSM fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | US mid caps |
| Assets under management | $1.5B |
| Expense ratio | 0.44% |
| Number of holdings | 50 |
| Portfolio turnover | 37% |
| Inception | Feb 2, 2021 |
| Exchange | CBOE |
The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies with small to medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 2500" Index). It invests in domestic and foreign issuers. The fund is non-diversified.
FFSM top holdings
| Holding | Sector | Weight |
|---|---|---|
| Allegheny Technologies Incorporated ATI | Industrials | 1.74% |
| Synnex Corporation SNX | Technology | 1.60% |
| FIRSTCASH HLDGS INC.DL-01 FF60 | Financial Services | 1.39% |
| Jones Lang LaSalle Incorporated JLL | Real Estate | 1.45% |
| IES Holdings Inc IESC | Industrials | 1.35% |
| Sanmina Corporation SANM | Technology | 1.36% |
| TechnipFMC PLC FTI | Energy | 1.35% |
| ITT Inc ITT | Industrials | 1.21% |
| Carpenter Technology Corporation CRS | Industrials | 1.25% |
| Performance Food Group Co PFGC | Consumer Defensive | 1.24% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FFSM sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 22.4% |
| Financial Services | 17.0% |
| Technology | 14.1% |
| Healthcare | 12.9% |
| Consumer Cyclicals | 10.8% |
| Consumer Defensive | 5.8% |
| Real Estate | 5.6% |
| Energy | 4.7% |
| Basic Materials | 3.7% |
| Utilities | 2.4% |
| Communication Services | 0.7% |
By region: North America 98.1%, Asia Emerging 0.9%, Latin America 0.6%, Europe Developed 0.3%.
FFSM returns and risk
| Year to date | +11.2% |
|---|---|
| 1 year | +20.6% |
| 3 years (annualised) | +19.6% |
| 5 years (annualised) | +8.5% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 17.8% |
| Sharpe ratio (3 years) | 0.79 |
Past returns do not guarantee future results.
FFSM: frequently asked questions
What does FFSM invest in?
Fidelity Fundamental Small-Mid Cap ETF invests in a portfolio of securities. Its largest holdings are Allegheny Technologies Incorporated (1.7%), Synnex Corporation (1.6%), FIRSTCASH HLDGS INC.DL-01 (1.4%), Jones Lang LaSalle Incorporated (1.4%), IES Holdings Inc (1.3%).
What is the FFSM expense ratio?
0.44% a year: about $44.00 for every $10,000 invested.
What is the FFSM dividend yield?
0.55%. ATLAS does not hold the exact distribution dates for ETFs.
Will FFSM go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 54%, with a likely range (50%) of $33.23 to $35.31 from $34.10 today. It is a probability, not a prediction.
How has FFSM performed?
Year to date +11.2%, one year +20.6%, three years +19.6% a year, five years +8.5% a year. Past returns do not guarantee future results.
Similar ETFs: US mid caps
- iShares Core S&P Mid-Cap ETF (IJH)
- Vanguard Mid-Cap Index Fund ETF Shares (VO)
- iShares Russell Mid-Cap ETF (IWR)
- Vanguard Morningstar Mid-Cap Value ETF (VOE)
- iShares Russell Mid-Cap Growth ETF (IWP)
- Vanguard Mid-Cap Growth ETF (VOT)
- State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD)
- iShares Russell Mid-Cap Value ETF (IWS)
Educational information, not investment advice. Disclaimer