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FEMG

GradeBNew York Stock Exchange Arca

Fidelity Enhanced Mid Cap Growth ETF

Active Equity · Fidelity · Inception 2026-04-28

$26.12−0.15 (−0.58%)

As of Sep 23, 2026, 12:45 PM EDT

History starts Apr 30, 2026.History starts Apr 30, 2026.History starts Apr 30, 2026.
Intraday session: down, 6 prints from 26.27 to 26.12. Range 25.94 to 26.17. Use the arrow keys to read each point.$25.95$26.00$26.05$26.1510 AM12 PM2 PM4 PM
Expense ratio
0.23%
Fund size
$7M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
131
Volume · 30D
0M sh
NAV per share
$26.22
52W range
low $24.84high $27.51

The ETF.net FEMG Grade

B

66/ 100

Rank 8 of 48 in US Active Small/Mid-Cap⁠

Confidence Medium

Six-pillar profile for FEMG. Scores out of 100: Cost 96, Risk 70, Mission not scored, Tradability 22, Holdings 55, Durability 33. Strongest: Cost (96). Weakest: Tradability (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 96
    Category rank2/48 · top 4%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 70
    Category rank9/44 · top 20%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 22
    Category rank44/48 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 55
    Category rank27/48 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 33
    Category rank37/48 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on FEMG

ETF.net Research

BActive mid-cap growth priced like an index fund. Fidelity's quant team starts from the Russell Midcap Growth Index, then tilts toward valuation, growth and quality signals across roughly 130 names for 0.23% a year.

Stated mandate

The fund seeks capital appreciation. It normally invests at least 80% in common stocks from the Russell Midcap Growth Index and uses research on valuation, growth, quality, and other return drivers.

Why people hold it

  1. 01Costs 0.23% a year, versus a median near 0.65% for active US equity funds. Most of the fee gap active management usually asks for simply isn't here.
  2. 02Index-aware by design: at least 80% sits in Russell Midcap Growth constituents, so the exposure stays recognizable while managers lean on valuation, growth and quality research.institutional.fidelity.com
  3. 03Roughly 130 stocks. Tight enough that manager calls actually register, broad enough that no single name runs the portfolio.
  4. 04Undercuts JMID, the other ETF benchmarked to the same Russell Midcap Growth Index, on fee. Cheap entry to a thinly populated corner.

Worth knowing

  1. 01Launched in 2026. The track record is short, so risk and tracking behavior rest on limited history rather than a full market cycle.
  2. 02Small asset base and light trading volume mean bid-ask spreads can run wider than at the category's giants, especially in fast markets.
  3. 03Mid-cap growth is a jumpier ride than large-cap core, and active tilts mean returns can diverge from the Russell Midcap Growth Index in either direction.

FEMG Holdings

As of Sep 21, 2026, 3:32 PM
Asset class
Stocks
Holdings
131
Top-10 weight
23%
Largest holding
SNOW3.7%

Sectors

  • Technology37.2%
  • Industrials18.2%
  • Health Care12.4%
  • Consumer Discr.10.9%
  • Financials5.3%
  • Energy4.5%
  • Materials3.6%
  • Communication3.0%
  • Utilities2.0%
  • Real Estate2.0%
  • Cons. Staples0.7%

Geography

  • United States97.55%
  • Cayman Islands1.60%
  • United Kingdom0.69%
  • Finland0.10%
  • Puerto Rico0.06%
The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SNOWSNOWFLAKE INC3.69%714$237K321
002NETCLOUDFLARE INC3.42%680$220K273
003DDOGDATADOG INC CL A2.75%770$177K425
004TRGPTARGA RESOURCES CORP2.34%515$150K340
005FIXCOMFORT SYSTEMS USA INC2.15%84$139K393
006FASTFASTENAL CO1.86%2,439$120K363
007VSTVISTRA CORP1.84%844$119K336
008NTRANATERA INC1.81%316$117K223
009HOODROBINHOOD MARKETS INC1.81%971$116K331
010LITELUMENTUM HOLDINGS INC1.78%123$115K385
011ANG.JOANGLOGOLD ASHANTI PLC1.71%1,067$110K121
012ALABASTERA LABS INC1.50%318$96K258
013SPGSIMON PPTY GROUP INC - REIT1.43%449$92K312
014TERTERADYNE INC1.41%244$91K421
015RBLXROBLOX CORP1.40%1,885$90K177

Showing 1–15 of 173 holdings

FEMG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FEMG$10,105
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. FEMG $10,105. SPY $10,415. Use the arrow keys to read each point.$9,514$10,038$10,563Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FEMG. Periods over one year show the average yearly return.
PeriodFEMG
Year to dateFund launched this year—
1 month−1.6%
3 months+1.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FEMG
YearReturn barFEMG
2026 YTD+5.3%

History from Apr 30, 2026

FEMG in the news

ETF.net Research hasn’t filed on FEMG yet — coverage lands here as it’s written.

FEMG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Jun 18, 2026 $0.03; Sep 18, 2026 $0.02. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.02
Jun 18, 2026Jun 23, 2026$0.03

FEMG Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.94
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FEMG Cost

Expense ratio0.23%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

1 of the 47 US Active Small/Mid-Cap funds charge less.

FEMG costs $23.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $55.00.