Fidelity Enhanced Small Cap ETFFESM

FidelityUS Stock StylesSmall Cap#71 of 701 by YTD

$46.22

+1.4% last session

+23.2% YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 4, 2026FESMS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+1.4%	+1.0%	−3.2%	+23.2%	+25.5%	—	—	+89.3%
Peer average	+1.4%	+2.6%	−2.1%	+18.4%	+21.0%	+72.8%	+42.3%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $6.4B
Expense ratio: 0.28%
Distribution yield: 0.9%
NAV: $45.53
Volume: 1.3M
Avg. volume 30D: 1.3M
High today: $46.52
Low today: $45.81
Previous close: $45.58
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+37.0%$895M

#2CALFPacer+34.5%$3.9B

#3CAFGPacer+34.5%$46.4M

#4TCVTowle+31.3%$204M

#5MYLDCambria Funds+30.7%$54.4M

#6FYTFirst Trust+30.0%$182M

#7SVALiShares+28.3%$163M

#8SQLVFranklin Templeton+27.7%$39.8M

#17FESMFidelity+23.2%$6.4B

End-of-day Nov 5, 2026 · 97 Small cap ETFs by YTD

$10,000 in FESM

$10,000 in FESM became

$18,927

In the S&P 500 (VOO)

$17,539

Total return, dividends in · Nov 20, 2023 – Nov 4, 2026 · S&P 500 uses VOO

FESM’s Top Holdings

Today

GKOSGlaukos1.0%CMC0.8%OSCR0.8%FLR0.7%OUT0.7%IBP0.7%HQY0.7%ENS0.7%ANF0.7%GFF0.7%PLXS0.7%BTSG0.7%OPLN0.6%PECO0.6%ACIW0.6%BCPC0.6%PAYO0.6%KLIC0.6%WSFS0.6%DK0.6%MTRN0.6%HOMB0.6%

GKOSGlaukos1.0%CMC0.8%OSCR0.8%FLR0.7%OUT0.7%IBP0.7%HQY0.7%ENS0.7%ANF0.7%GFF0.7%PLXS0.7%BTSG0.7%

TechnologyFinancial ServicesHealthcareIndustrialsConsumer CyclicalBasic MaterialsOther

Fidelity FESM · 632 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026

What FESM Holds

Today

Technology9.5%

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

Financial Services9.4%

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

Healthcare7.6%

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

Industrials4.9%

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

Consumer Cyclical4.6%

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

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 4, 2026

Glaukos’ Share of FESM

Today

1.0%

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

Glaukos held by FESM

$63.7M

Most Glaukos per dollar

PSCH6.9%

NBDS5.7%

FCUS4.2%

XSMO2.7%

Fidelity FESM · each square = $10 of $1,000 · as of Nov 4, 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 5, 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 5, 2026

Inside FESM

632 holdings · as of Nov 4, 2026

FESM

Fidelity Enhanced Small Cap ETF

Today

#	Ticker	Company	Weight ▼
1	GKOS	Glaukos	0.99%
2	CMC	Commercial Metals	0.77%
3	OSCR	Oscar Health -	0.77%
4	FLR	Fluor	0.75%
5	OUT	Outfront Media	0.73%
6	IBP	Installed Building Prod	0.72%
7	HQY	Healthequity	0.71%
8	ENS	Enersys	0.69%
9	ANF	Abercrombie & Fitch	0.69%
10	GFF	Griffon	0.67%

TechnologyFinancial ServicesHealthcareIndustrialsConsumer CyclicalBasic MaterialsReal EstateEnergyCommunication ServicesUtilitiesConsumer DefensiveOther

Fidelity FESM · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 13.7%

How It Compares

FESM

Fidelity Enhanced Small Cap ETF’s Peers


IJR	iSharesRead Desk	0.06%	+22.7%	+19.9%	$106.1B
VB	VanguardRead Desk	0.03%	+17.9%	+15.8%	$76.9B
IWM	iSharesRead Desk	0.19%	+16.9%	+16.2%	$75.8B
VBR	VanguardRead Desk	0.05%	+23.4%	+19.4%	$35.1B
DFAS	DimensionalRead Desk	0.30%	+20.4%	+17.0%	$34.7B
FESM	FidelityThis fundRead Desk	0.28%	+25.5%	+23.2%	$6.4B

Small cap peers · Past-year and ytd returns · as of Nov 5, 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

+19.9%

+23.2%

FESM wins+3.3 pts

Past year

+22.7%

+25.5%

FESM wins+2.9 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 5, 2026 · AUM not scored

FESM vs VOO

FESM · Fidelity Enhanced Small Cap

+25.5%

VOO · S&P 500

+13.5%

Gap

12.1 pts

Fidelity FESM and Vanguard VOO · 1Y total return · as of Nov 5, 2026

FESM vs Its Peer Average

YTD

FESMAvsBPeer average

1D+1.4%+1.4%

1M+1.0%+2.6%

3M−3.2%−2.1%

YTD+23.2%+18.4%

1Y+25.5%+21.0%

3Y[…]+72.8%

5Y[…]+42.3%

2–3Peer average wins

110 Small cap peers · each row scaled to its leader

The Details

FESM

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y17.98%

Deepest drop · 1Y−10.2%

Lowest point · 5Y0.0%

52-week range

$46.22

$34.83−5.5% from the high$48.93

Fidelity FESM · past-year price moves · as of Nov 5, 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 5, 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 today1.3M

Average volume · 30D1.3M

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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