FESM was created on 2023-11-20 by Fidelity. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 3876.89m in AUM and 598 holdings. FESM is an actively managed fund that invests in US, small-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel 2000 Index.