---
ticker: "FSMD"
name: "Fidelity Small-Mid Multifactor ETF"
url: "https://etf.net/etf/FSMD"
grade: "A"
score: 74
graded_at: "2026-10-12"
category: "US Multifactor"
category_rank: "15 of 99"
methodology: "https://etf.net/methodology"
---

# FSMD: Fidelity Small-Mid Multifactor ETF

Grade **A**, Score 74 of 100. Rank 15 of 99 in US Multifactor.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 84 | 12 of 99 |
| Mission | 95 | 14 of 86 |
| Risk | 40 | 62 of 97 |
| Tradability | 51 | 42 of 99 |
| Holdings | 87 | 3 of 98 |
| Durability | 61 | 38 of 99 |

## Top holdings

The fund holds 602 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | P | Everpure Inc-A | 0.85% |
| 2 | — | Securities Lending Cf | 0.77% |
| 3 | NVT | Nvent Electric PLC | 0.45% |
| 4 | THC | Tenet Healthcare Corp | 0.41% |
| 5 | GH | Guardant Health Inc | 0.41% |
| 6 | DINO | Hf Sinclair Corp | 0.40% |
| 7 | NTNX | Nutanix Inc Class A | 0.38% |
| 8 | SNX | Td Synnex Corp | 0.38% |
| 9 | DT | Dynatrace Inc | 0.37% |
| 10 | SMTC | Semtech Corp | 0.36% |
| 11 | PR | Permian Resources Corp Class A | 0.36% |
| 12 | PKI | Revvity Inc | 0.36% |
| 13 | ZBRA | Zebra Technologies Corp Class A | 0.35% |
| 14 | INCY | Incyte Corp | 0.35% |
| 15 | RGA | Reinsurance Group of America | 0.35% |
| 16 | L | Loews Corp | 0.35% |
| 17 | APA | Apa Corp | 0.35% |
| 18 | EWBC | East West Bancorp Inc | 0.34% |
| 19 | MKSI | Mks Inc | 0.33% |
| 20 | LSCC | Lattice Semiconductor Corp | 0.33% |
| 21 | FN | Fabrinet | 0.32% |
| 22 | WCC | Wesco International Inc | 0.32% |
| 23 | ITT | Itt Inc | 0.31% |
| 24 | NDSN | Nordson Corp | 0.31% |
| 25 | EXEL | Exelixis Inc | 0.31% |
| 26 | RNR | Renaissancere Hldgs Ltd | 0.31% |
| 27 | CRL | Charles River Labs Intl Inc | 0.30% |
| 28 | NWSA | News Corp New Class A | 0.30% |
| 29 | ARMK | Aramark | 0.30% |
| 30 | ONTO | Onto Innovation Inc | 0.30% |

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