FFSM

📎 Investment Objective

The Fidelity Fundamental Small-Mid Cap ETF (FFSM) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Fundamental Small-Mid Cap Index, which is designed to reflect the performance of small and mid-capitalization U.S. stocks.

✨ Key Features

• Provides exposure to a diversified portfolio of small and mid-cap U.S. stocks
• Utilizes a fundamental index methodology that weights companies based on measures such as sales, cash flow, and dividends
• Aims to offer investors broad market exposure with the potential for enhanced returns compared to traditional market-cap weighted indexes
• Has a low expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying securities
• Sector concentration risk: The ETF may be more heavily invested in certain sectors, which can lead to increased volatility
• Small and mid-cap risk: Smaller companies may be more volatile and less liquid than larger companies
• Tracking error risk: The ETF may not perfectly track the performance of its underlying index

👤 Best For

The Fidelity Fundamental Small-Mid Cap ETF may be suitable for investors seeking broad exposure to the small and mid-cap segment of the U.S. equity market, with the potential for enhanced returns compared to traditional market-cap weighted indexes. Investors should have a long-term investment horizon and be willing to accept the higher volatility associated with small and mid-cap stocks.