FSMD

📎 Investment Objective

The Fidelity Small-Mid Multifactor ETF (FSMD) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Small-Mid Multifactor Index.

✨ Key Features

• Exposure to a diversified portfolio of small and mid-cap U.S. stocks
• Utilizes a multifactor investment approach to target stocks with attractive valuations, high quality, and positive momentum
• Aims to provide long-term capital appreciation by outperforming the broader small and mid-cap market
• Low expense ratio of 0.00%

⚠️ Primary Risks

• Market risk: The value of the ETF's holdings may decline due to general market conditions or other factors
• Sector concentration risk: The ETF may be more heavily invested in certain sectors, which could increase volatility
• Small and mid-cap stock risk: Smaller companies may be more volatile and less liquid than larger companies
• Factor investing risk: The factors used to select and weight securities may not perform as expected

👤 Best For

The Fidelity Small-Mid Multifactor ETF may be suitable for investors seeking long-term capital appreciation through exposure to a diversified portfolio of small and mid-cap U.S. stocks. It may be particularly appealing to investors who believe in the potential benefits of a multifactor investment approach. As with any equity investment, investors should have a medium to long-term investment horizon and be willing to accept the inherent risks of the stock market.