(FESM) Fidelity Enhanced Small Cap - NYSE
ETF Category: Small Blend | Exchange: NYSE (USA) | Market Cap: 5.447m USD | Total Return: 52.5% in 12m
Avg Turnover: 27.1M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Fidelity Enhanced Small Cap ETF (FESM) is an actively managed exchange-traded fund that primarily invests in the constituents of the Russell 2000 Index. The fund allocates at least 80% of its assets to small-cap U.S. equities, utilizing a quantitative, research-driven framework to select securities based on valuation, earnings growth, and quality metrics.
Small-cap stocks typically represent companies with lower market capitalizations that often exhibit higher volatility and greater growth potential compared to large-cap equities. The Small Blend category indicates a diversified exposure that avoids a singular bias toward either pure value or pure growth investment styles.
For a detailed breakdown of the underlying holdings and factor exposures, investors may find ValueRay a useful tool for further analysis.
The funds objective is to outperform the broader small-cap market by identifying long-term return drivers through systematic factor modeling. This approach attempts to capture alpha within a segment of the market where information asymmetries and pricing inefficiencies are more prevalent than in large-cap indices.
- Fed interest rate cuts lower borrowing costs for Russell 2000 constituents
- Small-cap earnings growth accelerates relative to large-cap peers
- Domestic economic expansion drives revenue for US-focused small-cap firms
- Quantitative factor selection identifies undervalued stocks with high quality margins
As of June 20, 2026, the stock is trading at USD 46.77 with a total of 810,300 shares traded.
Over the past week, the price has changed by +1.96%,
over one month by +7.89%,
over three months by +24.39% and
over the past year by +52.54%.
Fidelity Enhanced Small Cap has no consensus analysts rating.