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Fidelity Enhanced Small Cap (FESM)
Look-through valuation · Style & factor · Expense ratio 0.28 % · ISIN US31609A2069
Price history (since 2023)
Monthly close since 2023. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Option Care Health Inc OPCH | 0.9 % | −0.7 % | 68 |
| Oscar Health Inc OSCR | 0.8 % | +67.9 % | 50 |
| Plexus Corp PLXS | 0.8 % | −46.4 % | 63 |
| Commercial Metals Company CMC | 0.8 % | −71.7 % | 56 |
| Kulicke and Soffa Industries Inc KLIC | 0.7 % | −80.1 % | 76 |
| Enersys ENS | 0.7 % | −5.5 % | 70 |
| MaxLinear Inc MXL | 0.7 % | −98.2 % | 54 |
| Glaukos Corp GKOS | 0.7 % | n/a | n/a |
| Outfront Media Inc OUT | 0.7 % | −72.3 % | 45 |
| Materion Corporation MTRN | 0.6 % | −84.7 % | 56 |
| Fluor Corporation FLR | 0.6 % | −78.2 % | 53 |
| Installed Building Products Inc IBP | 0.6 % | +12.8 % | 70 |
| HealthEquity Inc HQY | 0.6 % | +7.9 % | 79 |
| KODIAK GAS SERVICES INC US50012A1088 | 0.6 % | n/a | n/a |
| Tutor Perini Corporation TPC | 0.6 % | −61.4 % | 68 |
| Griffon Corporation GFF | 0.6 % | −71.5 % | 68 |
| CECO Environmental Corp CECE | 0.6 % | n/a | n/a |
| Phillips Edison & Co Inc PECO | 0.6 % | +37.3 % | 60 |
| BrightSpring Health Services, Inc. Common Stock BTSG | 0.6 % | −58.7 % | 48 |
| Payoneer Global Inc PAYO | 0.6 % | +44.8 % | 54 |
| Sonos Inc SONO | 0.6 % | −40.7 % | 65 |
| Balchem Corporation BCPC | 0.6 % | +8.8 % | 71 |
| ACI Worldwide Inc ACIW | 0.6 % | +8.4 % | 71 |
| KAR Auction Services Inc KAR | 0.6 % | n/a | n/a |
| WSFS Financial Corporation WSFS | 0.6 % | −37.7 % | 60 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 48 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +76.9 % below FV
- 2 MCHI iShares MSCI China ETF +41.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +37.1 % below FV
- 4 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.2 % below FV
- 5 VOX Vanguard Communication Services Index Fund ETF Shares +21.5 % below FV
- 6 XLC Communication Services Select Sector SPDR® Fund +20.6 % below FV
- 7 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +19.1 % below FV
- 8 FDNI First Trust Dow Jones International Internet ETF +15.2 % below FV
- 9 SHRY First Trust Bloomberg Shareholder Yield ETF +14.6 % below FV
- 10 TAN Invesco Solar ETF +14.5 % below FV
Frequently asked about FESM
Is FESM overvalued?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of FESM?
What is the expense ratio of FESM?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity Enhanced Small Cap ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 15, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.