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FSEG

GradeBNew York Stock Exchange Arca

Fidelity Enhanced Small Cap Growth ETF

Active Equity · Fidelity · Inception 2026-04-28

$26.09−0.46 (−1.73%)

As of Sep 23, 2026, 1:17 PM EDT

History starts Apr 30, 2026.History starts Apr 30, 2026.History starts Apr 30, 2026.
Intraday session: down, 4 prints from 26.55 to 26.09. Range 26.09 to 26.61. Use the arrow keys to read each point.$26.20$26.40$26.6010 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$7M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
331
Volume · 30D
0M sh
NAV per share
$26.47
52W range
low $25.05high $29.09

The ETF.net FSEG Grade

B

63/ 100

Rank 10 of 41 in US Active Small-Cap⁠

Confidence Medium

Six-pillar profile for FSEG. Scores out of 100: Cost 96, Risk 41, Mission not scored, Tradability 28, Holdings 70, Durability 28. Strongest: Cost (96). Weakest: Durability (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 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 rank3/41 · top 7%

  • 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.
    CScore 41
    Category rank25/37 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 28
    Category rank32/41 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank13/41 · top 32%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 28
    Category rank36/41 · bottom quartile

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

Our read on FSEG

ETF.net Research

BActive small-cap growth without the active-management price tag. Fidelity's enhanced playbook keeps the portfolio anchored to the Russell 2000 Growth Index, then tilts toward valuation, growth and quality signals, for 0.28% a year.

Stated mandate

The fund seeks capital appreciation and normally invests at least 80% of its assets in common stocks included in the Russell 2000 Growth Index. Its research-driven process may consider valuation, growth, quality, and other long-term return drivers.

Why people hold it

  1. 01Costs 0.28% a year, roughly half the 0.52% median for active US small-cap funds in its peer group. That is index-fund pricing on a stock-picking mandate.
  2. 02Benchmark-anchored by design: normally at least 80% of assets sit in Russell 2000 Growth Index stocks, so the research shows up as tilts rather than wholesale bets.institutional.fidelity.com
  3. 03Roughly 300 names, so any single small-cap stumble carries limited weight. Breadth is the point in a corner of the market where individual stories break often.
  4. 04Part of a family running the same enhanced approach across the size range. The core version, FESM, is among the strongest implementations in this cohort at the identical 0.28% fee.

Worth knowing

  1. 01A 2026 launch, so the live record is short. You can see the fee and the process; the performance history is still being written.
  2. 02Small asset base and light trading volume. Wider bid-ask spreads come with the territory versus the household-name funds in the category.
  3. 03Small-cap growth is the choppy end of US equities, and staying close to that benchmark means riding its swings rather than sidestepping them.

FSEG Holdings

As of Sep 21, 2026, 3:36 PM
Asset class
Stocks
Holdings
331
Top-10 weight
9%
Largest holding
OSCR1.0%

Sectors

  • Health Care30.1%
  • Technology23.3%
  • Industrials14.2%
  • Consumer Discr.8.8%
  • Financials7.3%
  • Materials6.1%
  • Energy4.3%
  • Communication3.2%
  • Real Estate1.5%
  • Cons. Staples1.2%

Geography

  • United States97.43%
  • Ireland0.65%
  • Canada0.59%
  • Cayman Islands0.57%
  • Bermuda0.33%
  • Puerto Rico0.23%
  • Israel0.14%
  • Switzerland0.05%
The fund’s holdings, weight-ordered — page 1 of 31.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001OSCROSCAR HEALTH INC - CLASS A0.98%2,000$64K129
002GKOSGLAUKOS CORP0.95%380$62K123
003PLXSPLEXUS CORP0.92%245$60K139
004MXLMAXLINEAR INC0.89%717$58K127
005BCPCBALCHEM CORP0.86%336$56K141
006MTRNMATERION CORP0.85%222$56K139
007HQYHEALTHEQUITY INC0.83%575$55K161
008ANFABERCROMBIE & FITCH CO CL A0.81%390$53K174
009KGSKODIAK GAS SERVICES INC0.80%892$52K152
010TWSTTWIST BIOSCIENCE CORP0.78%305$51K123
011KLICKULICKE & SOFFA INDUSTRIES INC0.76%601$50K138
012MOG-AMOOG INC CL A0.73%132$48K148
013BTSGBRIGHTSPRING HLTH SERVICES INC0.73%847$48K153
014CVLTCOMMVAULT SYSTEMS INC0.71%322$47K162
015HRMYHARMONY BIOSCIENCES HLDGS INC0.69%1,074$45K146

Showing 1–15 of 462 holdings

FSEG Performance

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

FSEG$9,490
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. FSEG $9,490. SPY $10,415. Use the arrow keys to read each point.$9,231$9,886$10,540Jun 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 FSEG. Periods over one year show the average yearly return.
PeriodFSEG
Year to dateFund launched this year—
1 month−3.9%
3 months−5.1%
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 FSEG
YearReturn barFSEG
2026 YTD+5.2%

History from Apr 30, 2026

FSEG in the news

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

FSEG 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
$0.01 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 $0.009; Sep 18, 2026 $0.01. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.01
Jun 18, 2026Jun 23, 2026$0.009

FSEG 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.
0.79
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.

FSEG Cost

Expense ratio0.28%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

1 of the 39 US Active Small-Cap funds charge less.

FSEG costs $28.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.