# Fidelity Fundamental Small Mid Cap ETF (FFSM) — Overview

FFSM · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/ffsm

## Price

Last close $33.99 on Oct 15, 2026. 52-week range $28.64 – $38.43.

## Fund profile

FFSM is an actively managed, non-transparent ETF that invests in global stocks with small to medium capitalization. The fund utilizes the Fidelity non-transparent model.

| Metric | Value |
| --- | --- |
| Issuer | Fidelity Management & Research Company LLC |
| Industry | — |
| Inception | Feb 2, 2021 |
| Assets under management | $1.5B |
| Expense ratio | 0.43% |
| Net asset value | $33.43 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Fidelity Fundamental Small Mid Cap ETF (FFSM)?

FFSM is an actively managed, non-transparent ETF that invests in global stocks with small to medium capitalization. The fund utilizes the Fidelity non-transparent model.

### What is FFSM's expense ratio?

Fidelity Fundamental Small Mid Cap ETF charges an annual expense ratio of 0.43%. The fund is issued by Fidelity Management & Research Company LLC.

### How large is FFSM?

Fidelity Fundamental Small Mid Cap ETF manages $1.5B in assets and has traded since Feb 2, 2021.

### How do I buy shares of Fidelity Fundamental Small Mid Cap ETF (FFSM)?

FFSM trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).