Fidelity Enhanced Small Cap ETFFESM

FidelityUS Stock StylesSmall Cap#67 of 701 by YTD

$45.58

+0.2% last session

+21.5% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026FESMS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.2%	−0.9%	−5.2%	+21.5%	+23.7%	—	—	+86.7%
Peer average	−0.2%	+0.9%	−4.2%	+16.7%	+19.2%	+71.2%	+37.3%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $6.4B
Expense ratio: 0.28%
Distribution yield: 0.9%
NAV: $45.53
Volume: 844K
Avg. volume 30D: 1.2M
High today: $45.96
Low today: $45.52
Previous close: $45.48
52-week high: $48.93
52-week low: $34.83
Our risk indicator: 4/5

FESM in One Breath

FESM Among Small Cap ETFs

YTD

#1SFLOVictoryShares+35.1%$895M

#2CAFGPacer+32.8%$46.4M

#3CALFPacer+31.3%$3.9B

#4TCVTowle+28.0%$204M

#5MYLDCambria Funds+27.8%$54.4M

#6SVALiShares+26.6%$163M

#7FYTFirst Trust+25.8%$182M

#8SQLVFranklin Templeton+24.0%$39.8M

#15FESMFidelity+21.5%$6.4B

End-of-day Nov 4, 2026 · 97 Small cap ETFs by YTD

$10,000 in FESM

$10,000 in FESM became

$18,665

In the S&P 500 (VOO)

$17,259

Total return, dividends in · Nov 20, 2023 – Nov 3, 2026 · S&P 500 uses VOO

FESM’s Top Holdings

Today

GKOSGlaukos1.0%CMC0.8%IBP0.7%OSCR0.7%OUT0.7%FLR0.7%HQY0.7%ANF0.7%GFF0.7%OPLN0.7%ENS0.7%PECO0.6%PLXS0.6%BTSG0.6%ACIW0.6%BCPC0.6%WSFS0.6%PAYO0.6%KLIC0.6%DK0.6%HOMB0.6%YOU0.6%

GKOSGlaukos1.0%CMC0.8%IBP0.7%OSCR0.7%OUT0.7%FLR0.7%HQY0.7%ANF0.7%GFF0.7%OPLN0.7%ENS0.7%PECO0.6%

TechnologyFinancial ServicesHealthcareConsumer CyclicalIndustrialsBasic MaterialsOther

Fidelity FESM · 632 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What FESM Holds

Today

Technology9.5%

PLXS · ACIW · PAYO · KLIC · YOU · SONO · MXL

Financial Services9.4%

WSFS · HOMB · HCI · ECPG · WSBC · SKWD · GBCI

Healthcare7.5%

GKOS 1.0 · OSCR · HQY · BTSG · HRMY · GH · ATRC

Consumer Cyclical5.0%

IBP · ANF · OPLN · PII · ELY · CVCO · LTH

Industrials4.8%

FLR · ENS · CECO · AIR · TPC · SKYW · DXPE

Basic Materials3.1%

CMC · GFF · BCPC · MTRN · SXT

Real Estate2.2%

OUT · PECO · CWK · CTRE

Fidelity FESM · share of the fund by sector · as of Nov 3, 2026

Glaukos’ Share of FESM

Today

1.0%

$10 of every $1,000 in FESM is Glaukos

Glaukos held by FESM

$65.4M

Most Glaukos per dollar

PSCH7.2%

NBDS5.9%

FCUS4.2%

XSMO2.8%

Fidelity FESM · each square = $10 of $1,000 · as of Nov 3, 2026

FESM’s Share of Small Cap ETFs

Today

1.1%

of the $581B in 111 Small cap ETFs

FESM$6.4B1.1%

IJR$106B18.3%

VB$76.9B13.2%

108 others$392B67.4%

Small cap ETF AUM · Nov 4, 2026

FESM Fee per $100 vs Peers

Today

$0.28a year
per $100

$28 a year on $10,000

VB$0.03

VBR$0.05

IJR$0.06

IWM$0.19

FESM$0.28

DFAS$0.30

Expense ratio · Small cap peers · Nov 4, 2026

Inside FESM

632 holdings · as of Nov 3, 2026

FESM

Fidelity Enhanced Small Cap ETF

Today

#	Ticker	Company	Weight ▼
1	GKOS	Glaukos	1.02%
2	CMC	Commercial Metals	0.77%
3	IBP	Installed Building Prod	0.75%
4	OSCR	Oscar Health -	0.74%
5	OUT	Outfront Media	0.72%
6	FLR	Fluor	0.72%
7	HQY	Healthequity	0.72%
8	ANF	Abercrombie & Fitch	0.72%
9	GFF	Griffon	0.69%
10	OPLN	Openlane	0.66%

TechnologyFinancial ServicesHealthcareConsumer CyclicalIndustrialsBasic MaterialsReal EstateCommunication ServicesEnergyUtilitiesConsumer DefensiveOther

Fidelity FESM · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 13.6%

How It Compares

FESM

Fidelity Enhanced Small Cap ETF’s Peers

YTD


IJR	iSharesRead Desk	0.06%	+18.3%	+21.3%	$106.1B
VB	VanguardRead Desk	0.03%	+14.4%	+16.2%	$76.9B
IWM	iSharesRead Desk	0.19%	+14.4%	+14.8%	$75.8B
VBR	VanguardRead Desk	0.05%	+17.4%	+21.0%	$35.1B
DFAS	DimensionalRead Desk	0.30%	+15.7%	+19.0%	$34.7B
FESM	FidelityThis fundRead Desk	0.28%	+21.5%	+23.7%	$6.4B

Small cap peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FESM head to head with IJR →

IJR vs FESM

YTD

IJRiShares · Small capFESMFidelity · Small cap

Year to date

+18.3%

+21.5%

FESM wins+3.1 pts

Past year

+21.3%

+23.7%

FESM wins+2.4 pts

Fee

0.06%

0.28%

IJR winslower fee

Yield

1.2%

0.9%

IJR wins+0.3 pts

AUM

$106B

$6.4B

IJR16.6× more

2–2level

iShares IJR and Fidelity FESM · year-to-date · as of Nov 4, 2026 · AUM not scored

FESM vs VOO

YTD

FESM · Fidelity Enhanced Small Cap

+21.5%

VOO · S&P 500

+11.5%

Gap

9.9 pts

Fidelity FESM and Vanguard VOO · YTD total return · as of Nov 4, 2026

FESM vs Its Peer Average

YTD

FESMAvsBPeer average

1D+0.2%−0.2%

1M−0.9%+0.9%

3M−5.2%−4.2%

YTD+21.5%+16.7%

1Y+23.7%+19.2%

3Y[…]+71.2%

5Y[…]+37.3%

3–2FESM wins

110 Small cap peers · each row scaled to its leader

The Details

FESM

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y17.93%

Deepest drop · 1Y−10.2%

Lowest point · 5Y0.0%

52-week range

$45.58

$34.83−6.8% from the high$48.93

Fidelity FESM · past-year price moves · as of Nov 4, 2026

FESM

Fund Facts

Today

2007launched Dec 20

Tracks[…]

Exchange · CUSIPAMEX · 31609A206

StructureETF

Leverage1x

Cost on $10,000$28 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Fidelity FESM · fund facts · as of Nov 4, 2026

FESM

Payouts by Year

$0.10per share, Sep 2026

Distribution yield0.9%

PaidEvery quarter

Latest ex-date · paidSep 18 · Sep 22, 2026

12 payouts added up$0.99 a share

Fidelity FESM · distributions by ex-date · 2023–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$45.53

Premium / discount[…]

Median spread · 30D[…]

Volume today844K

Average volume · 30D1.2M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.28%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$28.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 18, 2026	Sep 22, 2026	$0.10
Jun 18, 2026	Jun 23, 2026	$0.11
Mar 20, 2026	Mar 24, 2026	$0.0910
Dec 19, 2025	Dec 23, 2025	$0.0840
Sep 19, 2025	Sep 23, 2025	$0.0520
Jun 20, 2025	Jun 24, 2025	$0.0140
Mar 21, 2025	Mar 25, 2025	$0.16
Dec 20, 2024	Dec 24, 2024	$0.16
Sep 20, 2024	Sep 24, 2024	$0.0700
Jun 21, 2024	Jun 25, 2024	$0.0530
Mar 15, 2024	Mar 20, 2024	$0.0690
Dec 28, 2023	Jan 3, 2024	$0.0180

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