Fidelity Enhanced Mid Cap Value ETF
FEMV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Apr 30, 2026
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity Enhanced Mid Cap Value ETF (FEMV) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in mid-cap U.S. equities believed to be undervalued or exhibiting above-average growth potential with favorable pricing relative to fundamentals. The fund targets a disciplined, research-driven approach focusing on sector-agnostic exposure within the broad mid-cap universe, emphasizing companies with durable competitive advantages, solid balance sheets, and constructive earnings trajectories. Its portfolio construction leverages Fidelity’s active management framework to identify names across industries that may benefit from revenue growth, margin expansion, and earnings resilience during varying market cycles, while maintaining risk controls tailored to mid-cap companies. Main products and services - Core strategy and mandate: active mid-cap value exposure through a diversified portfolio of U.S. mid-sized companies, selected using Fidelity’s internal research process and quantitative overlays to identify embedded value and upside potential - Holdings and construction: a concentrated to broad mid-cap stock lineup; stock selection considers fundamental factors such as earnings stability, cash flows, and return on capital; periodic rebalancing to reflect changes in fundamentals and market conditions - Accessibility and trading: listed on a major exchange for secondary market trading with intraday liquidity; shares offered to individual investors and financial advisors through Fidelity’s brokerage platforms - Benchmarking and performance measurement: relative to mid-cap benchmarks, with performance evaluated on capital appreciation, risk-adjusted returns, and drawdown metrics; periodic disclosures of holdings and strategy updates Latest major company changes - Product suite expansion: Fidelity launches an expanded suite of active enhanced ETFs including four new mid-cap and small-cap ETFs, signaling a broader commitment to active management within the enhanced ETF framework; FEMV is part of this growth, reinforcing Fidelity’s push into actively managed, rules-based mid-cap exposure - Strategic positioning: the FEMV offering aligns with Fidelity’s broader initiative to provide investors with active, transparent access to targeted mid-cap value opportunities within a scalable ETF construct - Market deployment: introductions and listings on NYSE Arca; availability for commission-free trading on Fidelity platforms for eligible investors, expanding accessibility to the FEMV strategy - Operational enhancements: ongoing refinement of portfolio construction, risk controls, and liquidity management to support robust trading characteristics and governance standards for mid-cap active strategies Additional context - Industry and segments: asset management and ETF products specializing in active, enhanced exposure to U.S. mid-cap equities - Target markets: individual investors and financial advisors seeking diversified mid-cap exposure with an active value tilt; qualified institutional buyers may also access the ETF through various Fidelity channels - Geographic operations: United States-based investment vehicle with a focus on U.S. mid-cap companies; distribution channels include Fidelity’s U.S. brokerage and advisory platforms - Founding year and headquarters: Fidelity Investments operates as a long-standing financial services firm; FEMV is a Fidelity product designed within Fidelity’s ETF platform; Fidelity’s headquarters are in Boston, Massachusetts - Subsidiaries/relationships: FEMV is part of Fidelity’s suite of Enhanced ETFs and leverages the firm’s broader investment research, trading, and distribution infrastructure to deliver active mid-cap value exposure to clients Note: FEMV’s primary focus remains providing an actively managed, mid-cap value tilt within an ETF structure, with ongoing updates to the product lineup and platform integrations to meet evolving investor needs.