FMDE
Fidelity Enhanced Mid Cap ETF
FMDE is an actively managed fund that invests in US mid-cap companies.
US
EQUITY
Active
MANAGEMENT STYLE
2.0 B
ASSETS UNDER MGMT
23 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 20, 2007 |
| Assets (mns) | $1,996 |
| Expense ratio | 23 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| DR HORTON INC | 1.0 % |
| BANK OF NEW YORK MELLON CORP | 1.0 % |
| WILLIAMS COS INC | 1.0 % |
| SIMON PROPERTY GROUP INC | 0.9 % |
| ROSS STORES INC | 0.9 % |
| CUMMINS INC | 0.9 % |
| NUCOR CORP | 0.9 % |
| AMETEK INC | 0.9 % |
| MONOLITHIC POWER SYSTEMS INC | 0.8 % |
| HOWMET AEROSPACE INC. | 0.8 % |
Constituent Breakdown
| Number of holdings | 284 |
| Herfindahl-Hirschman Index | 53 |
| Wgt avg mkt cap (mns) | $28,093 |
| Large cap (>$10bn) | 84.9% |
| Mid cap ($2-10bn) | 14.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
IRELAND | 1.7 % |
 |
BRITAIN | 1.2 % |
 |
BERMUDA | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.2% | -- | -- | -- | -- | -- | 19.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 174 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $65,715 |
Technical Indicators
| Recent close | $33.82 |
| 30d moving avg. | $32.30 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FMDE |
Expenses vs. FMDE |
ALTAR Score™ vs. FMDE |
|---|---|---|---|---|
| IWR | iShares Russell Midcap ETF | 35.6% | -4 bp | -0.6% |
| IMCB | iShares Morningstar Mid-Cap ETF | 34.8% | -19 bp | -0.3% |
| VO | Vanguard Mid-Cap ETF | 32.6% | -19 bp | -0.7% |
| IWS | iShares Russell Mid-Cap Value ETF | 32.6% | 0 bp | +0.3% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 31.7% | -3 bp | +0.8% |
| JHMM | John Hancock Multifactor Mid Cap ETF | 31.2% | +19 bp | +0.1% |
| FELV | Fidelity Enhanced Large Cap Value ETF | 30.5% | -5 bp | +0.4% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 30.1% | -17 bp | +1.5% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 29.9% | -17 bp | -2.0% |
| JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 29.9% | +1 bp | +1.4% |
Risk and Returns: FMDE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FMDE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
FMDE
6.0%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. FMDE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places FMDE in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FMDESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| FMDE (23 bp) Percentile rank | 12 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FMDE | 23.0 | 0.0 | 23 |
| Peer Avg. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .