(FSMD) Fidelity Small-Mid Factor - NYSE
ETF Category: Small Blend | Exchange: NYSE (USA) | Market Cap: 2.514m USD | Total Return: 27.9% in 12m
Avg Turnover: 5.64M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality
FSMD is a passively managed ETF that seeks to track the Fidelity Small-Mid Multifactor Index, investing at least 80% of its assets in small- and mid-cap U.S. companies that screen well across four factor characteristics: attractive valuations, high quality fundamentals, positive price momentum, and lower volatility than the broader market.
The fund uses a multifactor or smart-beta approach, which combines multiple investment styles into a single rules-based strategy rather than relying on a traditional market-cap-weighted index. Its performance benchmark is the Fidelity U.S. Extended Investable Market Index, which represents a broader universe of U.S. stocks.
FSMD launched in February 2019 and is classified within the Small Blend category, meaning it targets companies that fall between small- and mid-cap sizes with a blend of growth and value characteristics.
- Small-mid cap valuations trade at steep discount to large caps
- Fed rate cuts ease borrowing costs for smaller firms
- Value and quality factor rotation accelerates fund inflows
As of June 29, 2026, the stock is trading at USD 52.33 with a total of 92,944 shares traded. Over the past week, the price has changed by +1.47%, over one month by +4.38%, over three months by +20.97% and over the past year by +27.94%.
Current recommended Stop Loss: 50.10 (which is 4.3% or 2.7 ATR below the current price).
Fidelity Small-Mid Factor has no consensus analysts rating.