ATLASFidelity Small-Mid Multifactor ETF (FSMD): outlook, holdings and fees
Fidelity Small-Mid Multifactor ETF (FSMD) is an exchange-traded fund and is managed by Fidelity Investments. The expense ratio is 0.15% and the yield is 1.35%. The ten largest holdings are 4% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FSMD
| Last price | $50.25 (-1.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $49.31 – $51.73 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 1.35% |
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.
FSMD fund facts
| Issuer | Fidelity Investments |
|---|---|
| Theme | Factor strategies |
| Assets under management | $2.5B |
| Expense ratio | 0.15% |
| Number of holdings | 49 |
| Portfolio turnover | 66% |
| Inception | Feb 26, 2019 |
| Exchange | NYSE |
The fund normally invests at least 80% of its assets in securities included in the Fidelity Small-Mid Multifactor Index", which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, as represented by the Fidelity U.S. Extended Investable Market Index".
FSMD top holdings
| Holding | Sector | Weight |
|---|---|---|
| Everpure, Inc. P | Technology | 0.80% |
| nVent Electric PLC NVT | Industrials | 0.45% |
| Tenet Healthcare Corporation THC | Healthcare | 0.43% |
| Guardant Health Inc GH | Healthcare | 0.43% |
| HF Sinclair Corp DINO | Energy | 0.41% |
| Nutanix Inc NTNX | Technology | 0.38% |
| Synnex Corporation SNX | Technology | 0.37% |
| Dynatrace Holdings LLC DT | Technology | 0.38% |
| Semtech Corporation SMTC | Technology | 0.36% |
| Permian Resources Corporation YZ8 | Energy | 0.38% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FSMD sector breakdown
| Sector | Weight |
|---|---|
| Technology | 18.5% |
| Healthcare | 16.2% |
| Industrials | 16.2% |
| Financial Services | 15.8% |
| Consumer Cyclicals | 10.2% |
| Real Estate | 6.2% |
| Energy | 4.8% |
| Consumer Defensive | 3.7% |
| Basic Materials | 3.3% |
| Communication Services | 3.2% |
| Utilities | 2.1% |
By region: North America 98.4%, Latin America 0.5%, United Kingdom 0.5%, Europe Developed 0.3%, Asia Emerging 0.3%.
FSMD returns and risk
| Year to date | +15.1% |
|---|---|
| 1 year | +15.8% |
| 3 years (annualised) | +17.5% |
| 5 years (annualised) | +9.5% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 15.8% |
| Sharpe ratio (3 years) | 0.81 |
Past returns do not guarantee future results.
FSMD: frequently asked questions
What does FSMD invest in?
Fidelity Small-Mid Multifactor ETF invests in a portfolio of securities. Its largest holdings are Everpure, Inc. (0.8%), nVent Electric PLC (0.4%), Tenet Healthcare Corporation (0.4%), Guardant Health Inc (0.4%), HF Sinclair Corp (0.4%).
What is the FSMD expense ratio?
0.15% a year: about $15.00 for every $10,000 invested.
What is the FSMD dividend yield?
1.35%. ATLAS does not hold the exact distribution dates for ETFs.
Will FSMD 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 $49.31 to $51.73 from $50.25 today. It is a probability, not a prediction.
How has FSMD performed?
Year to date +15.1%, one year +15.8%, three years +17.5% a year, five years +9.5% a year. Past returns do not guarantee future results.
Similar ETFs: Factor strategies
- iShares MSCI Intl Quality Factor ETF (IQLT)
- Invesco S&P MidCap Momentum ETF (XMMO)
- Invesco S&P MidCap Quality ETF (XMHQ)
- Invesco Russell 1000 Dynamic Multifactor ETF (OMFL)
- iShares MSCI Intl Momentum Factor ETF (IMTM)
- Invesco S&P SmallCap Momentum ETF (XSMO)
- Invesco S&P 100 Equal Weight ETF (EQWL)
- Invesco Dorsey Wright Momentum ETF (PDP)
Educational information, not investment advice. Disclaimer