Fidelity Enhanced Small Cap Growth ETF

Fidelity Enhanced Small Cap Growth ETF is an actively managed exchange-traded fund that focuses on small-cap growth equities in the United States. Issued by Fidelity Investments, it employs a quantitative investment process to select securities with strong fundamental characteristics, such as improving fundamentals and reasonable valuations, aiming to balance risk and return while seeking to outperform its benchmark. The fund builds multifactor statistical models incorporating top-down market indicators and bottom-up factor inputs, including valuation, earnings growth, quality measures, and nontraditional data, to identify attractive companies. It typically invests at least 80% of assets in common stocks from the benchmark universe, with the flexibility to include out-of-benchmark securities, while maintaining risk characteristics similar to the benchmark through disciplined portfolio construction. This systematic, data-driven approach helps mitigate behavioral biases and adapts to varying market conditions. As part of Fidelity's Enhanced ETF suite, Fidelity Enhanced Small Cap Growth ETF provides investors with targeted exposure to the dynamic small-cap growth segment of the U.S. equity market, emphasizing growth-oriented companies across diverse sectors.