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Fidelity Enhanced Small Cap ETF
FESM (Fidelity Enhanced Small Cap ETF) is a factor US Equity ETF by Fidelity. With a 0.28% MER, it provides diversified exposure through 129 holdings. Quarterly distribution with a 0.63% yield.
FESM by Fidelity is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
Its 0.28% MER makes it one of the most cost-effective options in its category.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).