Fidelity active equity ETFs: Help construct a strong core
Fidelity active equity ETFs combine our industry-leading approach to security selection, research, and technology with the potentially greater tax efficiency and lower costs of an ETF.
Supported by decades of active management expertise, our dedicated teams access Fidelity's vast research and resources to uncover unique investment opportunities for your clients.
Instill confidence with your clients
When you choose a Fidelity active equity ETF, you are supported by an industry-leading active management team who is dedicated to generating new market insights and seeking excess returns.
Gain equity exposure through core building blocks
Fidelity active equity ETFs can be used as core positions for client portfolios that deliver the opportunity for outperformance with disciplined, ongoing risk management.
Get guidance and support
With clients increasingly adopting active ETFs for their potential tax efficiency and generally lower costs, Fidelity is committed to helping you support your clients’ financial goals.
Disciplined equity exposure engineered to seek repeatable outcomes.
Fidelity Enhanced Large Cap Core ETF
A U.S. equity strategy maintaining a large-cap core profile, leveraging a disciplined approach investing in companies with attractive characteristics.
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Fidelity Enhanced Mid Cap ETF
A U.S. equity strategy maintaining a mid-cap profile, leveraging a disciplined approach investing in companies with attractive characteristics.
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Fidelity Enhanced Small Cap ETF
A U.S. equity strategy maintaining a small cap profile, leveraging a disciplined approach investing in companies with attractive characteristics.
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A curated selection of high conviction ideas.
Fidelity Fundamental Large Cap Growth ETF
Aims to provide large cap growth exposure by harnessing Fidelity’s active management and fundamental research capabilities combining high conviction investment ideas from a select group of Fidelity portfolio managers.
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Fidelity Fundamental Large Cap Value ETF
Aims to provide large cap value exposure by harnessing Fidelity’s active management and fundamental research capabilities, combining high-conviction investment ideas from a select group of Fidelity portfolio managers.
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Fidelity Fundamental Small Mid Cap ETF
Aims to provide small and mid cap exposure by harnessing Fidelity’s active management and fundamental research capabilities, combining high-conviction investment ideas from a select group of Fidelity portfolio managers.
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- Enhanced ETFs
- Fundamental ETFs
- Single Source ETFs
Visit our ETF list page to view Fidelity's full ETF offering.
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Let’s talk about active equity ETF solutions for your clients.
Explore our latest research & insights
Active ETFs offer a wide range of advantages for clients and advisors. Explore Fidelity's robust lineup of active ETFs and get in touch.
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1. Fidelity Investments converted six Enhanced Index Funds into exchange traded funds (ETFs). The conversions took place on 11/20/23. Each new Fidelity Enhanced ETF has identical investment objectives, investment policies, and principal investment strategies to those of its former fund. However, traditional mutual funds and ETFs have structural and regulatory differences that may result in performance differences between the two structures over time. How closely the performance of an ETF would be to a mutual fund that has the same investment objective would depend on several factors, such as the investment product’s expenses, the number of holdings within each product, timing of shareholder cash flows, or differences in eligible securities for each product.
* These ETFs are different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. These ETFs will not. This may create additional risks for your investment. For example, you may have to pay more money to trade the shares of these ETFs. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information; the price you pay to buy ETF shares on an exchange may not match the value of each ETF's portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because they provide less information to traders; these additional risks may be even greater in bad or uncertain market conditions; each ETF will publish on Fidelity.com and i.Fidelity.com a "Tracking Basket" designed to help trading in shares of the ETF. While the Tracking Basket includes some of the ETF's holdings, it is not the ETF's actual portfolio. The differences between these ETFs and other ETFs may also have some advantages. By keeping certain information about the ETFs secret, they may face less risk that other traders can predict or copy their investment strategy. This may improve the ETFs' performance. However, if the investment strategy can be predicted or copied, this may hurt the ETFs' performance. For additional information regarding the unique attributes and risks of these ETFs, see section below.
Semi Transparent Active Equity ETFs: The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the fund's latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on Fidelity.com or i.Fidelity.com.
Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund's trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders.
Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.
ETFs are subject to market fluctuations, the risks of their underlying investments, management fees, and other expenses.
Investing involves risk, including risk of loss. Past performance is no guarantee of future results.