---
ticker: "FESM"
name: "Fidelity Enhanced Small Cap ETF"
url: "https://etf.net/etf/FESM"
grade: "A"
score: 86
graded_at: "2026-10-12"
category: "US Active Small-Cap"
category_rank: "2 of 41"
methodology: "https://etf.net/methodology"
---

# FESM: Fidelity Enhanced Small Cap ETF

Grade **A**, Score 86 of 100. Rank 2 of 41 in US Active Small-Cap.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 96 | 2 of 41 |
| Mission | 85 | 3 of 10 |
| Risk | 61 | 11 of 38 |
| Tradability | 92 | 2 of 41 |
| Holdings | 81 | 5 of 41 |
| Durability | 93 | 2 of 41 |

## Top holdings

The fund holds 900 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Securities Lending Cf | 3.43% |
| 2 | OPCH | Option Care Health Inc | 0.88% |
| 3 | OSCR | Oscar Health Inc - Class A | 0.80% |
| 4 | CMC | Commercial Metals Co | 0.75% |
| 5 | PLXS | Plexus Corp | 0.74% |
| 6 | — | Cash Cf | 0.71% |
| 7 | GKOS | Glaukos Corp | 0.71% |
| 8 | KLIC | Kulicke & Soffa Industries Inc | 0.68% |
| 9 | OUT | Outfront Media Inc | 0.68% |
| 10 | ENS | Enersys Inc | 0.66% |
| 11 | HQY | Healthequity Inc | 0.64% |
| 12 | FLR | Fluor Corp | 0.63% |
| 13 | IBP | Installed Building Prod Inc | 0.62% |
| 14 | MXL | Maxlinear Inc | 0.62% |
| 15 | PECO | Phillips Edison & Co | 0.61% |
| 16 | BTSG | Brightspring Hlth Services Inc | 0.60% |
| 17 | GFF | Griffon Corp | 0.60% |
| 18 | KGS | Kodiak Gas Services Inc | 0.60% |
| 19 | OPLN | Openlane Inc | 0.59% |
| 20 | PAYO | Payoneer Global Inc | 0.59% |
| 21 | TPC | Tutor Perini Corp | 0.58% |
| 22 | MTRN | Materion Corp | 0.58% |
| 23 | BCPC | Balchem Corp | 0.58% |
| 24 | SONO | Sonos Inc | 0.58% |
| 25 | ACIW | Aci Worldwide Inc | 0.57% |
| 26 | WSFS | Wsfs Financial Corp | 0.55% |
| 27 | CECO | Ceco Environmental Corp | 0.54% |
| 28 | CVLT | Commvault Systems Inc | 0.54% |
| 29 | SXT | Sensient Technologies Corp | 0.53% |
| 30 | ECPG | Encore Cap Group Inc | 0.53% |

Source: etf.net, https://etf.net/etf/FESM. Please cite the page URL.