Core Insights - The Fidelity Enhanced Small Cap ETF (FESM) employs multi-factor strategies focused on small-cap stocks with a growth tilt, which has contributed to its outperformance compared to the Russell 2000 and its peers [1] Group 1 - FESM is designed to follow multi-factor strategies specifically for small-cap stocks [1] - The fund's growth tilt has been a significant factor in its ability to outperform the Russell 2000 index [1]