Fidelity Small-Mid Multifactor ETF (FSMD)
| Assets | $723.70M |
| Expense Ratio | 0.16% |
| PE Ratio | 18.42 |
| Shares Out | 17.00M |
| Dividend (ttm) | $0.53 |
| Dividend Yield | 1.25% |
| Ex-Dividend Date | Dec 20, 2024 |
| Payout Ratio | 22.99% |
| 1-Year Return | +20.41% |
| Volume | 108,250 |
| Open | 42.72 |
| Previous Close | 42.39 |
| Day's Range | 42.39 - 42.72 |
| 52-Week Low | 35.31 |
| 52-Week High | 45.16 |
| Beta | 1.08 |
| Holdings | 597 |
| Inception Date | Feb 26, 2019 |
About FSMD
Fund Home PageThe Fidelity Small-Mid Multifactor ETF (FSMD) is an exchange-traded fund that is based on the Fidelity Small-Mid Multifactor index. The fund tracks a multi-factored index of US companies. FSMD was launched on Feb 26, 2019 and is issued by Fidelity.
Top 10 Holdings
6.10% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Securities Lending Cash Central Fund | n/a | 1.98% |
| Texas Pacific Land Corporation | TPL | 0.59% |
| NRG Energy, Inc. | NRG | 0.49% |
| EMCOR Group, Inc. | EME | 0.47% |
| Interactive Brokers Group, Inc. | IBKR | 0.46% |
| Live Nation Entertainment, Inc. | LYV | 0.45% |
| Natera, Inc. | NTRA | 0.42% |
| Pure Storage, Inc. | PSTG | 0.42% |
| Tapestry, Inc. | TPR | 0.41% |
| Lennox International Inc. | LII | 0.41% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.133 | n/a |
| Sep 20, 2024 | $0.137 | Sep 24, 2024 |
| Jun 21, 2024 | $0.135 | Jun 25, 2024 |
| Mar 15, 2024 | $0.126 | Mar 20, 2024 |
| Dec 15, 2023 | $0.117 | Dec 20, 2023 |
| Sep 15, 2023 | $0.122 | Sep 20, 2023 |
News
End Of 2024 Trending Exchange-Traded Funds
I updated my universe of exchange-traded funds to track based on superior long-term performance. Nearly 450 ETFs are ranked based on short-term monthly returns, exponential moving average, and money f...
Why SMID Cap ETFs Make Sense in a Falling-Rate Environment
Small- and mid-cap (SMID cap) ETFs have seen strong flows recently, making it important that investors fully understand why moving down the cap spectrum can make sense in a falling rate environment. I...
SMIDcap ETF ‘FSMD' May Benefit in Rate-Cutting Regime
The market regime may continue to shift in response to easing rates, potentially serving as a catalyst for SMIDcap and mid-cap companies. The rate cut cycle is expected to provide more relief for smal...
FSMD: Outperforming Small And Mid-Cap Benchmarks With Lower Volatility
Lower interest rates are expected to improve the outlook for small and mid-cap stocks, making FSMD a suitable investment in this environment. FSMD's multifactor approach has delivered superior returns...
What You Don't Know About These Vanguard And Fidelity ETFs Can Hurt Your Alpha
Vanguard offers factor-based ETFs that have shown outstanding performance compared to unmanaged, index-based comparison ETFs. Factor-based ETFs have now become mainstream investments, with a market sh...
FSMD: Nicely Balanced Multifactor Approach, Yet Incapable Of Outcompeting The Market
Passively managed FSMD applies a multifactor approach to small- and mid-cap stocks. The factors amalgamated are value, quality, low volatility, and momentum. The current iteration of the FSMD portfoli...
FSMD: It Works For SMMD
Fidelity Small-Mid Multifactor ETF offers a twist on market-cap weighted indexing with a multifactor, rules-based approach. The FSMD fund is well-diversified with nearly 600 holdings and attractive va...
FSMD: Strategic Beta Beats Market-Cap-Weighted, But It's Not Perfect
The Fidelity Small-Mid Multifactor ETF is a strategic beta ETF that focuses on investing in small- and mid-cap U.S. companies. FSMD has outperformed passive SMID-cap indices over the last three years ...