Fidelity Fundamental Small-Mid Cap ETF
FFSM
Chicago Board Options Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Fidelity Covington Trust is a Delaware statutory trust that serves as the issuer for a suite of exchange-traded funds (ETFs) sponsored and managed by Fidelity Management & Research Company LLC (FMR LLC), a leading asset management firm headquartered in Boston, Massachusetts. Established in 1995, the trust offers actively managed, non-transparent ETFs designed to provide diversified exposure to various equity market segments through proprietary quantitative processes that aggregate high-conviction ideas from multiple Fidelity portfolio managers. Core products include the Fidelity Fundamental Small-Mid Cap ETF (FFSM; ticker: FFSM), which invests at least 80% of assets in securities of small- to medium-market-capitalization companies akin to those in the Russell 2500 Index, blending growth and value stocks via fundamental analysis of financial condition, earnings outlook, strategy, management, industry position, and economic conditions; the Fidelity U.S. Multifactor ETF (FLRG); the Fidelity Enhanced International ETF (FIENX); and others such as the Fidelity High Dividend ETF (FDVV) and Fidelity Disruptive Technology ETF (FDTX), targeting domestic and international equities, factors like value and quality, and thematic strategies. These ETFs emphasize risk-adjusted returns in core portfolio holdings, with FFSM maintaining sector overweights in industrials and financials, alongside holdings like Somnigroup International, TechnipFMC, IES Holdings, Fabrinet, and US Foods Holding as of September 30, 2025. The trust operates primarily in the United States, serving institutional and retail investors seeking active equity strategies across market capitalizations. Recent developments include the October 2025 Board approval of a liquidation plan for the Fidelity Sustainable U.S. Equity ETF, with assets to be managed for liquidity ahead of an expected November 20, 2025 closure, reflecting portfolio optimization amid market conditions; in Q2 2025, Fidelity expanded its broader ETF lineup to 79 funds with over $125.9 billion in assets under management through launches like the Fidelity Municipal Bond Opportunities ETF, Fidelity Systematic Municipal Bond Index ETF, and Fidelity Managed Futures ETF; and in September 2025, Fidelity introduced a UCITS-compliant version of the Fidelity US Fundamental Small-Mid Cap ETF domiciled in Ireland, marking Europe's first semi-transparent active UCITS ETF benchmarked to the Russell 2500 Index.