Fidelity Fundamental Small-Mid Cap ETF

Fidelity Fundamental Small-Mid Cap ETF is an actively managed exchange-traded fund designed to seek long-term growth of capital through diversified exposure to small- and mid-cap companies. The fund typically invests at least 80% of its assets in equity securities of issuers with market capitalizations similar to those in the Russell 2500 Index, combining both domestic and foreign holdings across a broad range of industries. Its portfolio is built using Fidelity’s fundamental and quantitative research process, with attention to company financial strength, business quality, and industry positioning. Fidelity Fundamental Small-Mid Cap ETF is used by investors looking for a core small- to mid-cap allocation that blends growth and value characteristics while maintaining broad sector diversification across the U.S. equity market and select international issuers.