Expense ratio and fees for Fidelity Small-Mid Multifactor ETF (FSMD)

Gross Expense Ratio

Gross Expense Ratio as of November 2025: 0.15%

Net Expense Ratio

Net Expense Ratio as of July 2026: 0.15%

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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