FMDE

📎 Investment Objective

The Fidelity Enhanced Mid Cap ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity U.S. Enhanced Mid Cap Index.

✨ Key Features

• Provides exposure to a diversified portfolio of mid-cap U.S. stocks
• Employs an enhanced indexing strategy that aims to outperform a traditional mid-cap index
• Low expense ratio of 0.00%
• Relatively new fund with limited performance history

⚠️ Primary Risks

• Market risk: The value of the ETF's shares will fluctuate with changes in the value of the securities in the underlying index
• Concentration risk: The ETF may be more susceptible to factors adversely affecting its sector or industry than a more diversified fund
• Tracking error risk: The ETF may not perfectly track the underlying index due to factors such as fund expenses and transaction costs
• Liquidity risk: In certain market conditions, it may be difficult to buy or sell shares of the ETF at the desired price

👤 Best For

The Fidelity Enhanced Mid Cap ETF may be suitable for investors seeking exposure to the mid-cap segment of the U.S. equity market with the potential for enhanced returns. It may be appropriate as a core holding or satellite position in a diversified portfolio. Investors should have a medium to long-term investment horizon and be comfortable with the risks associated with investing in mid-cap stocks.