Fidelity Small-Mid Multifactor ETF (FSMD US) - Portfolio Construction Methodology
ETF Strategy·2026-01-19 20:51
Fidelity Small-Mid Multifactor ETF (FSMD US) – Portfolio Construction MethodologyThe underlying Fidelity Small-Mid Multifactor Index targets US small- and mid-cap equities drawn from the Fidelity U.S. Extended Investable Market Index (free-float market cap ≥USD 75 million, free float ≥15%, six-month traded volume ≥USD 25 million; excludes the largest 500 names), selecting stocks by sector on a composite of Value (free cash flow yield, EBITDA/EV, tangible book/price, next-twelve-months earnings/price; 25% ea ...