Fidelity Small-Mid Multifactor ETF

Fidelity Small-Mid Multifactor ETF is an exchange-traded fund that seeks to track the Fidelity Small-Mid Multifactor Index, providing diversified exposure to small- and mid-cap U.S. companies. The fund uses a multifactor approach that emphasizes attractive valuations, strong quality characteristics, positive momentum signals, and comparatively lower volatility within its investment universe. It typically invests most of its assets in stocks selected from a broad domestic equity market segment, with holdings spread across sectors such as financials, technology, industrials, and healthcare. Managed by Fidelity, the ETF is designed for investors looking for systematic, rules-based access to a broad basket of U.S. small- and mid-cap equities through a single portfolio. Its passive structure and wide holdings make it a practical tool for accessing this segment of the market in a diversified format.