FEMG: FIDELITY ENHANCED MID CAP GROWTH ETF
What this ETF is trying to do
The FIDELITY ENHANCED MID CAP GROWTH ETF (ticker: FEMG) is an exchange-traded fund designed to invest in mid-sized companies that are expected to grow. This ETF holds a total of 162 different holdings.
What the numbers show
As of October 5, 2026, the current price of FEMG is $26.81.
Because there is not enough verified price history available, specific performance numbers like the one-year or three-year price returns were not supplied. Additionally, total return data—which would show the overall gain or loss including distributions—was not supplied. Because of this lack of history, an erosion score could not be calculated.
Top Holdings
The following is a partial list of the largest companies held by this ETF. Please note that holdings can change over time:
• Cloudflare Inc (NET): 3.26%
• Snowflake Inc Ordinary Shares (SNOW): 2.71%
• Targa Resources Corp (TRGP): 2.51%
• Comfort Systems USA Inc (FIX): 2.42%
• Vistra Corp (VST): 2.27%
• Lumentum Holdings Inc (LITE): 2.18%
• Datadog Inc Class A (DDOG): 2.17%
• Fastenal Co (FAST): 1.88%
• Teradyne Inc (TER): 1.87%
• Royal Caribbean Group (RCL): 1.84%
Income and distribution explanation
Some investors look at ETFs for regular cash payments, known as distributions. For FEMG, the distribution yield is approximately 0.18%. This number describes the cash distributions relative to the ETF's price.
The trailing distributions were $0.048. Over the last 12 months, there were 2 payouts. The distribution frequency is described as "irregular" or "less frequent." It is important to remember that a distribution yield is not the same as a total return.
NAV erosion explanation
NAV erosion refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
Currently, there is no severe erosion-risk flag for this ETF.
Pros
• The fund provides exposure to a wide variety of mid-cap growth companies (162 total holdings).
• The ETF does not use leverage or inverse strategies, which can sometimes make funds more complex.
Cons
• The distribution yield is very low (0.1791%), and the income rating grade is an "F."
• There is insufficient verified price history to see how the fund has performed in the past.
Beginner takeaway
FEMG is a mid-cap growth ETF that focuses on companies like Cloudflare and Snowflake. While it holds many different stocks, it is not designed to be a major source of income, as shown by its low distribution yield and "F" income grade. Because historical price and total return data were not supplied, new investors cannot see how the share price has moved in recent years.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | CLOUDFLARE INC | NET | 3.26% |
| 2 | SNOWFLAKE INC ORDINARY SHARES | SNOW | 2.71% |
| 3 | TARGA RESOURCES CORP | TRGP | 2.51% |
| 4 | COMFORT SYSTEMS USA INC | FIX | 2.42% |
| 5 | VISTRA CORP | VST | 2.27% |
| 6 | LUMENTUM HOLDINGS INC | LITE | 2.18% |
| 7 | DATADOG INC CLASS A | DDOG | 2.17% |
| 8 | FASTENAL CO | FAST | 1.88% |
| 9 | TERADYNE INC | TER | 1.87% |
| 10 | ROYAL CARIBBEAN GROUP | RCL | 1.84% |