ATLASFidelity Enhanced Mid Cap Core ETF (FMDE): outlook, holdings and fees
Fidelity Enhanced Mid Cap Core ETF (FMDE) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.23% and the yield is 1.02%. The ten largest holdings are 10% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FMDE
| Last price | $41.91 (+0.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $41.20 – $43.06 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 1.02% |
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.
FMDE fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | US mid caps |
| Assets under management | $8.4B |
| Expense ratio | 0.23% |
| Number of holdings | 48 |
| Portfolio turnover | 0% |
| Inception | Dec 20, 2007 |
| Exchange | NYSE |
The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally utilizing a research-driven approach identifying long-term drivers of stock returns that may include,but are not limited to, valuation, growth, quality, and other factors.
FMDE top holdings
| Holding | Sector | Weight |
|---|---|---|
| Marathon Petroleum Corp MPC | Energy | 1.38% |
| Snowflake Inc. SNOW | Technology | 1.12% |
| Keysight Technologies Inc KEYS | Technology | 1.00% |
| The Allstate Corporation ALL | Financial Services | 0.97% |
| Ametek Inc AME | Industrials | 0.89% |
| Nucor Corp NUE | Basic Materials | 0.85% |
| NetApp Inc NTAP | Technology | 0.88% |
| Comfort Systems USA Inc FIX | Industrials | 0.85% |
| Humana Inc HUM | Healthcare | 0.86% |
| State Street Corp STT | Financial Services | 0.87% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FMDE sector breakdown
| Sector | Weight |
|---|---|
| Technology | 25.3% |
| Industrials | 17.9% |
| Healthcare | 12.7% |
| Financial Services | 11.8% |
| Consumer Cyclicals | 9.3% |
| Energy | 6.5% |
| Real Estate | 5.3% |
| Utilities | 4.2% |
| Basic Materials | 3.2% |
| Consumer Defensive | 2.4% |
| Communication Services | 1.5% |
By region: North America 98.6%, Europe Developed 0.6%, United Kingdom 0.6%, Latin America 0.3%.
FMDE returns and risk
| Year to date | +15.5% |
|---|---|
| 1 year | +17.1% |
| 3 years (annualised) | +20.0% |
| 5 years (annualised) | +10.9% |
| 10 years (annualised) | +12.1% |
| Volatility (3 years) | 14.6% |
| Sharpe ratio (3 years) | 1.01 |
Past returns do not guarantee future results.
FMDE: frequently asked questions
What does FMDE invest in?
Fidelity Enhanced Mid Cap Core ETF invests in a portfolio of securities. Its largest holdings are Marathon Petroleum Corp (1.4%), Snowflake Inc. (1.1%), Keysight Technologies Inc (1.0%), The Allstate Corporation (1.0%), Ametek Inc (0.9%).
What is the FMDE expense ratio?
0.23% a year: about $23.00 for every $10,000 invested.
What is the FMDE dividend yield?
1.02%. ATLAS does not hold the exact distribution dates for ETFs.
Will FMDE go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $41.20 to $43.06 from $41.91 today. It is a probability, not a prediction.
How has FMDE performed?
Year to date +15.5%, one year +17.1%, three years +20.0% a year, five years +10.9% 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