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ETF NYSE Arca USD

Fidelity Small-Mid Multifactor ETF FSMD

Issuer: Fidelity SEC registrant: Fidelity Covington Trust Equity · US
Watch FSMD (sign in) Add to portfolio (FSMD) Set an alert for FSMD Compare FSMD with other ETFs Position size calculator for FSMD at 49.85 USD

How position sizing works
Last price 49.85 USD Change: Up +0.51 Percent change: Up +1.03%

Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed

Expense ratio
0.15%
Prospectus 24 Nov 2025
Net assets
$2.5B
As of 31 Jul 2026
Holdings
591
As of 31 Jul 2026
12-month distribution yield
1.30%
Quarterly
Asset class
Equity
From holdings

Fidelity Small-Mid Multifactor ETF (FSMD) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Fidelity. Its category is Equity · US (equity). Its last price was US$49.85 on 20 Oct 2026. Its expense ratio is 0.15% a year, from its prospectus dated 24 Nov 2025. It reported net assets of US$2.5 billion as of 31 Jul 2026. Its latest holdings report lists 591 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$0.65 a unit, a 12-month distribution yield of 1.30%, paid quarterly.

General information only: nothing on TakeProfits takes into account your objectives, financial situation or needs, and it isn't personal financial advice or a recommendation to buy or sell anything. Consider whether it suits you and get advice from a licensed adviser before acting. Market data may be delayed and comes from third-party sources.

Fees

Total annual operating expenses (gross)
0.15%
Net, after fee waivers or reimbursements
No waiver stated
Management fee
0.15%
Prospectus date
Not stated
Filed with the SEC
24 Nov 2025

Source: SEC prospectus risk/return data sets (opens in a new tab) Filed

Size and reporting

Net assets
$2,503,802,639
Total assets
$2,531,791,176
Holdings as of
31 Jul 2026
Report made public
23 Sep 2026 (54 days after the month end)

Net assets are for the whole fund series, which for some funds (Vanguard's, for example) also includes mutual fund share classes.

Source: SEC Form N-PORT (opens in a new tab) Filed

Top holdings

Largest 25 of 591 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.

FSMD top holdings as of 31 Jul 2026
# Holding Identifier Weight Value (USD) Type Country Currency
1 SANDISK CORP/DE SANDISK CORPORATION US80004C2008 2.33% $58.3M Equity (common) United States USD
2 Fidelity Revere Street Trust Fidelity Securities Lending Cash Central Fund US31635A3032 1.10% $27.7M Short-term investment vehicles (cash funds) United States USD
3 COMFORT SYSTEMS USA INC US1999081045 0.87% $21.9M Equity (common) United States USD
4 CIENA CORP US1717793095 0.78% $19.5M Equity (common) United States USD
5 LUMENTUM HOLDINGS INC US55024U1097 0.75% $18.7M Equity (common) United States USD
6 FLEX LTD SG9999000020 0.66% $16.5M Equity (common) Singapore USD
7 COHERENT CORP US19247G1076 0.61% $15.3M Equity (common) United States USD
8 REVOLUTION MEDICINES INC US76155X1000 0.59% $14.8M Equity (common) United States USD
9 CASEY'S GENERAL STORES INC CASEY GENERAL STORES US1475281036 0.54% $13.6M Equity (common) United States USD
10 EMCOR GROUP INC US29084Q1004 0.52% $13.1M Equity (common) United States USD
11 TAPESTRY INC US8760301072 0.50% $12.4M Equity (common) United States USD
12 ANGLOGOLD ASHANTI PLC GB00BRXH2664 0.49% $12.2M Equity (common) United Kingdom USD
13 TECHNIPFMC PLC GB00BDSFG982 0.48% $12.0M Equity (common) United Kingdom USD
14 CARPENTER TECHNOLOGY CORP US1442851036 0.42% $10.4M Equity (common) United States USD
15 CURTISS-WRIGHT CORP CURTISS WRIGHT CORPORATION US2315611010 0.41% $10.2M Equity (common) United States USD
16 ATI INC US01741R1023 0.41% $10.2M Equity (common) United States USD
17 TENET HEALTHCARE CORP US88033G4073 0.39% $9.8M Equity (common) United States USD
18 NVENT ELECTRIC PLC IE00BDVJJQ56 0.39% $9.7M Equity (common) Ireland USD
19 EVERPURE INC EVERPURE INC-A US74624M1027 0.38% $9.5M Equity (common) United States USD
20 UNITED THERAPEUTICS CORP DEL US91307C1027 0.37% $9.3M Equity (common) United States USD
21 VIKING HOLDINGS LTD BMG93A5A1010 0.36% $8.9M Equity (common) Bermuda USD
22 CORCEPT THERAPEUTICS INC US2183521028 0.35% $8.9M Equity (common) United States USD
23 INCYTE CORP US45337C1027 0.35% $8.6M Equity (common) United States USD
24 LOEWS CORP US5404241086 0.34% $8.5M Equity (common) United States USD
25 TD SYNNEX CORP US87162W1009 0.34% $8.5M Equity (common) United States USD

Source: SEC Form N-PORT (opens in a new tab) Made public Holdings as of 31 Jul 2026

All 591 stored holdings

Breakdowns

Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.

Asset type

Asset type by weight
TypeWeightBar
Equity (common) 99.87%
Short-term investment vehicles (cash funds) 1.21%
Debt <0.01%
Equity derivatives −<0.01%

Country

Country by weight
CountryWeightBar
United States 93.76%
Bermuda 2.15%
Ireland 1.46%
United Kingdom 1.27%
Singapore 0.66%
Puerto Rico 0.56%
Cayman Islands 0.48%
MH 0.46%
Netherlands 0.16%
Guernsey 0.12%

The country each issuer is assigned to in the report.

Currency exposure

Currency exposure by weight
CurrencyWeightBar
US dollar (USD) 101.08%

The currency each holding is denominated in. Currency hedges are not netted off, so a hedged fund still shows its holdings' currencies.

Sector

Sector weights for holdings matched to listed stocks
SectorWeightBar
Consumer Discretionary 16.01%
Industrials 15.59%
Finance 11.48%
Technology 11.18%
Health Care 9.03%
Real Estate 6.01%
Utilities 3.39%
Energy 2.97%
Consumer Staples 1.18%
Unknown 0.98%
Telecommunications 0.92%
Miscellaneous 0.49%
Electronic Technology 0.16%
Consumer Defensive 0.15%
Consumer Cyclical 0.09%

Partial coverage: sectors are known for 79.6% of net assets (80% of the fund's equity weight), the holdings matched by CUSIP or ticker to US stocks listed on this site. The rest is not assigned a sector.

Source: SEC Form N-PORT (opens in a new tab) Holdings as of

Distributions

Paid in the last 12 months
$0.6500
4 payments per unit
12-month yield
1.30%
Distributions only, not total return
Frequency
Quarterly
From the gaps between ex-dates
Latest ex-date
18 Sep 2026

12-month yield = distributions per unit with an ex-date in the last 12 months ($0.6500) ÷ latest price ($49.85) × 100 = 1.30%. It looks back, so it is not a forecast; special distributions in the window are included.

Why a distribution yield is not the fund's return: yield vs total return

Distribution history table (19 payments)
FSMD distributions per unit by ex-date
Ex-dateAmount per unit
18 Sep 2026$0.1850
18 Jun 2026$0.1680
20 Mar 2026$0.1700
19 Dec 2025$0.1270
19 Sep 2025$0.1710
20 Jun 2025$0.1430
21 Mar 2025$0.1480
20 Dec 2024$0.1330
20 Sep 2024$0.1370
21 Jun 2024$0.1350
15 Mar 2024$0.1260
15 Dec 2023$0.1170
15 Sep 2023$0.1220
16 Jun 2023$0.1220
17 Mar 2023$0.1340
16 Dec 2022$0.1390
16 Sep 2022$0.1240
18 Mar 2022$0.0990
17 Dec 2021$0.0640

Source: Yahoo Finance (opens in a new tab) Checked · 2 days ago Amounts are adjusted for later unit splits

Filings and sources

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IMPORTANT FINANCIAL DISCLAIMER: The information provided on this platform is for educational and informational purposes only and should not be construed as investment advice. All investments involve risk, including potential loss of principal. Past performance does not guarantee future results. Take Profits is not a registered investment advisor and does not provide personalized investment advice. Users should conduct their own research and consult with qualified financial professionals before making investment decisions. Market data may be delayed and is provided by third-party sources.

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