Fidelity Enhanced Small Cap ETF

Fidelity Enhanced Small Cap ETF is an actively managed equity ETF focused on U.S. small-cap companies. The fund uses quantitative, computer-aided analysis to build a broadly diversified portfolio of stocks, with a core orientation toward the Russell 2000 universe and exposure across growth, value, and quality characteristics. It is designed to provide investors with access to the small-cap segment of the market through a wide mix of industries, including technology, healthcare, industrials, financials, and consumer-related businesses. Fidelity Enhanced Small Cap ETF typically holds a large number of positions, which helps spread exposure across many individual companies rather than concentrating in a few names. The fund plays a role in the market as a diversified vehicle for participating in the performance of smaller U.S. public companies while maintaining an active, research-driven selection process.