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Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF
FFSM (Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF) is a factor US Equity ETF by Fidelity. With a 0.43% MER, it provides diversified exposure through 201 holdings.
FFSM by Fidelity is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
With a 0.43% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).