FESM — Fidelity Enhanced Small Cap ETF
Data updated: 2026-09-11
FESM — Fidelity Enhanced Small Cap ETF. United States Small Cap Blend / Core Equity · $5.78B AUM. Holdings, fees, performance and SEC filings.
FESM Fund Overview
FESM — Fidelity Enhanced Small Cap ETF is a US ETF managed by Fidelity Covington Trust, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Fidelity Covington Trust
- Category: United States Small Cap Blend / Core Equity
- Assets under management: $5.78B
- 1-year return: 52.2%
- Ticker: FESM
- SEC CIK: 0000945908
- SEC series ID: S000081807
- Share class ID: C000244838
FESM Holdings
Top 10 holdings of Fidelity Enhanced Small Cap ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 4.32% |
| Fidelity Revere Street Trust | 1.18% |
| Guardant Health, Inc. | 1.09% |
| Maxlinear, Inc. | 0.96% |
| Acm Research, Inc. | 0.90% |
| KULICKE and SOFFA INDUSTRIES INC | 0.78% |
| Enersys | 0.76% |
| Tenable Holdings, Inc. | 0.76% |
| Plexus Corp. | 0.72% |
| Kodiak Gas Services, Inc. | 0.71% |
FESM Portfolio Allocation
Asset-class allocation of Fidelity Enhanced Small Cap ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.1% |
| Cash & Equivalents | 5.5% |
| Fixed Income | 0.6% |
FESM Performance
Total returns for FESM (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 28.4% |
| 1 year | 52.2% |
| 3 years (annualised) | 30.3% |
FESM Risk Information
Risk metrics for FESM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.4%
FESM Costs and Fees
FESM costs about $28 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.28%
- Gross expense ratio: 0.28%
- Portfolio turnover: 73%
- Brokerage commissions: 5.83 bps of average net assets (SEC N-CEN)
FESM Cashflows
Over the 12 months to 2026-06, Fidelity Enhanced Small Cap ETF had net inflows of $2.35B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $168.30M |
| 2026-05 | $60.02M |
| 2026-04 | $294.58M |
| 2026-03 | $188.60M |
| 2026-02 | $264.56M |
| 2026-01 | $295.52M |
FESM Debt Constituents
Largest debt holdings of Fidelity Enhanced Small Cap ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ust Bills | 0.42% |
| Ust Bills | 0.09% |
| Ust Bills | 0.08% |
| Ust Bills | 0.02% |
FESM Prospectus and SEC Filings
Official Fidelity Enhanced Small Cap ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-27
- Prospectus (485BPOS) — filed 2024-10-25
- Prospectus (485BPOS) — filed 2024-06-26
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2025-09-11
Related Funds
Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.