Key Statistics: FSMO

FIDELITY SMALL-MID CAP OPPORTUNITIES ETFFidelity

24.28up0.4128 (1.7296%)

 as of 4:10:01pm ET 10/28/2021

Basic Facts

ETP Type ETF Sponsor Fidelity Management & Research Company LLC
Legal Structure Open Ended Investment Company Inception Date 02/02/2021
Schedule K-1 -- Options No
Leveraged No Management Team 2 Managers
Inverse No

Management Team

Timothy Gannon

Tenure: 8 months

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Michelle Hoerber

Tenure: 8 months

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Portfolio Fundamentals

Valuation Info FSMO Asset Class Median Percentile in Asset Class
Tracking Error -- 10.13
--
Annual Turnover Ratio 37.00% 30.00%
50th
Efficiency -- -1.04
--
Tax Cost Ratio -- 0.49%
--
Equity: Price/Trailing Earnings 16.60 19.02
63rd
Equity: Price/Book 2.84 2.90
52nd
Equity: Price/Sales 1.52 2.02
68th
Equity: Price/Cash Flow 12.71 12.83
51st
30-day SEC Yield
AS OF --
0.19% 1.08%
9th
Dividend Yield (Annualized) 0.26% n/a n/a
Net Expense Ratio 0.64% 0.55%
38th
Gross Expense Ratio 0.64% 0.58%
42nd
Equity: Historical Earnings Growth % +17.29% +11.86%
65th
Equity: Sales Growth % +2.02% +2.02%
51st
Equity: Cash Flow Growth % +16.33% +9.06%
79th
Equity: Book-Value Growth % +5.76% +4.15%
71st
Net Assets $25.3M $116.0M
26th

Trading Statistics

Valuation Info FSMO Asset Class Median Percentile in Asset Class
Median Bid/Ask Spread (30 Day) -- 0.17%
--
Premium/Discount (1 Month Rolling Average) 0.09% 0.02%
44th
Premium/Discount (1 Year Average) 0.13% 0.03%
59th
Volume 5.4K 10.5K
41st
Volume (Today/Avg 10 Day) 0.6 0.8
41st
Volume (10 Day Average) 9.1K 14.2K
43rd
Volume (30 Day Average) 10.2K 16.3K
42nd
Volume (90 Day Average) 10.2K 17.6K
39th
Volume (10 Day Avg/90 Day Avg) 0.9 0.9
53rd
Shares Outstanding 1.2M 3.0M
34th
Free commission offer applies to online purchases select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

These ETFs are different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. These ETFs will not. This may create additional risks for your investment. For example, you may have to pay more money to trade the shares of these ETFs. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information; the price you pay to buy ETF shares on an exchange may not match the value of each ETFs portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because they provide less information to traders; these additional risks may be even greater in bad or uncertain market conditions; each ETF will publish on Fidelity.com and i.Fidelity.com a "Tracking Basket" designed to help trading in shares of the ETF. While the Tracking Basket includes some of the ETFs holdings, it is not the ETFs actual portfolio. The differences between these ETFs and other ETFs may also have some advantages. By keeping certain information about the ETFs secret, they may face less risk that other traders can predict or copy their investment strategy. This may improve the ETFs performance. However, if the investment strategy can be predicted or copied, this may hurt the ETFs performance. For additional information regarding the unique attributes and risks of these ETFs, see section below.

The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the Funds latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on Fidelity.com or i.Fidelity.com.

Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Funds trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders.

Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.

*The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

**The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics, which are based on risk-adjusted returns. The Morningstar Rating TM for funds, or "star rating," is calculated for funds with at least a three-year history. (Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes.) It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each fund category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Top basket holdings are as of the date indicated and may not be representative of the funds current or future investments.

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