Expense ratio and fees for Fidelity Enhanced Small Cap ETF (FESM)

Gross Expense Ratio

Gross Expense Ratio as of October 2025: 0.28%

Net Expense Ratio

Net Expense Ratio as of February 2026: 0.28%

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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