# Portfolio overlap — FSMD vs FZIPX

Comparing **Fidelity Small-Mid Multifactor ETF** (2026-01-31) and **Fidelity ZERO Extended Market Index Fund** (2026-01-31).

- Shared positions: 587
- Fidelity Small-Mid Multifactor ETF covered by Fidelity ZERO Extended Market Index Fund: 0.4886657243855467349861184900
- Fidelity ZERO Extended Market Index Fund covered by Fidelity Small-Mid Multifactor ETF: 0.4886657243855467349861184900

## Fidelity Small-Mid Multifactor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Securities Lending Cash Central Fund | 0.008367 | ✓ |
| ANGLOGOLD ASHANTI PLC | 0.007359 | ✓ |
| CIENA CORP | 0.007328 | ✓ |
| COMFORT SYSTEMS USA INC | 0.006988 | ✓ |
| EMCOR GROUP INC | 0.005517 | ✓ |
| TAPESTRY INC | 0.004873 | ✓ |
| TECHNIPFMC PLC | 0.004720 | ✓ |
| UNITED THERAPEUTICS CORP DEL | 0.004561 | ✓ |
| FLEX LTD | 0.004557 | ✓ |
| CURTISS WRIGHT CORPORATION | 0.004490 | ✓ |
| CH ROBINSON WORLDWIDE INC | 0.004461 | ✓ |
| CASEY'S GENERAL | 0.004204 | ✓ |
| PURE STORAGE INC CL A | 0.004105 | ✓ |
| REDDIT INC-A | 0.003813 | ✓ |
| ROYAL GOLD INC | 0.003766 | ✓ |
| FABRINET | 0.003724 | ✓ |
| NEXTRACKER INC CL A | 0.003675 | ✓ |
| LOEWS CORP | 0.003672 | ✓ |
| TEMPUR SEALY INTERNATIONAL INC | 0.003640 | ✓ |
| US FOODS HOLDING CORP | 0.003604 | ✓ |
| BWX TECHNOLOGIES INC | 0.003602 | ✓ |
| KRATOS DEFENSE and SEC SOLTN INC | 0.003580 | ✓ |
| TENET HEALTHCARE CORP | 0.003576 | ✓ |
| NVENT ELECTRIC PLC | 0.003573 | ✓ |
| WOODWARD INC | 0.003551 | ✓ |
| JONES LANG LASALLE INC | 0.003521 | ✓ |
| INCYTE CORP | 0.003498 | ✓ |
| IONIS PHARMACEUTICALS INC | 0.003479 | ✓ |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.003334 | ✓ |
| EAST WEST BNCRP | 0.003327 | ✓ |
| ROLLINS INC | 0.003312 | ✓ |
| PENUMBRA INC | 0.003239 | ✓ |
| ANNALY CAPITAL MGMT INC REIT | 0.003234 | ✓ |
| CARPENTER TECHNOLOGY CORP | 0.003228 | ✓ |
| PENTAIR PLC | 0.003175 | ✓ |
| MUELLER INDUSTRIES INC | 0.003163 | ✓ |
| MEDPACE HOLDINGS INC | 0.003161 | ✓ |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC | 0.003114 | ✓ |
| TOLL BROTHERS INC | 0.003089 | ✓ |
| RBC BEARINGS INC | 0.003064 | ✓ |
| RENAISSANCERE HLDGS LTD | 0.003063 | ✓ |
| RALPH LAUREN CORP | 0.003002 | ✓ |
| TTM TECHNOLOGIES INC | 0.002980 | ✓ |
| NORDSON CORP | 0.002970 | ✓ |
| MASTEC INC | 0.002959 | ✓ |
| TALEN ENERGY CORP | 0.002950 | ✓ |
| RAMBUS INC | 0.002944 | ✓ |
| API GROUP CORP | 0.002923 | ✓ |
| TKO GROUP HOLDINGS INC | 0.002922 | ✓ |
| DT MIDSTREAM INC | 0.002910 | ✓ |

## Fidelity ZERO Extended Market Index Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Fidelity Securities Lending Cash Central Fund | 0.041042 | ✓ |
| SANDISK CORPORATION | 0.010935 |  |
| COMFORT SYSTEMS USA INC | 0.005480 | ✓ |
| ANGLOGOLD ASHANTI PLC | 0.005368 | ✓ |
| ROCKET LAB CORP | 0.005130 |  |
| CIENA CORP | 0.004842 | ✓ |
| COHERENT CORP | 0.004545 |  |
| BLOOM ENERGY CORP CL A | 0.004490 |  |
| EMCOR GROUP INC | 0.004397 | ✓ |
| SOFI TECHNOLOGIES INC A | 0.003919 |  |
| FTAI AVIATION LTD | 0.003807 |  |
| LUMENTUM HOLDINGS INC | 0.003787 |  |
| AST SPACEMOBILE INC | 0.003662 |  |
| TAPESTRY INC | 0.003538 | ✓ |
| CURTISS WRIGHT CORPORATION | 0.003302 | ✓ |
| FLEX LTD | 0.003177 | ✓ |
| CH ROBINSON WORLDWIDE INC | 0.003140 | ✓ |
| REDDIT INC-A | 0.003116 | ✓ |
| CASEY'S GENERAL | 0.003073 | ✓ |
| TECHNIPFMC PLC | 0.003070 | ✓ |
| PURE STORAGE INC CL A | 0.002960 | ✓ |
| ROYAL GOLD INC | 0.002909 | ✓ |
| UNITED THERAPEUTICS CORP DEL | 0.002755 | ✓ |
| ALBEMARLE CORP | 0.002738 |  |
| EXACT SCIENCES CORP | 0.002642 |  |
| CREDO TECHNOLOGY GROUP HOLDING LTD | 0.002600 |  |
| WOODWARD INC | 0.002598 | ✓ |
| BWX TECHNOLOGIES INC | 0.002561 | ✓ |
| US FOODS HOLDING CORP | 0.002539 | ✓ |
| ROLLINS INC | 0.002530 | ✓ |
| TEMPUR SEALY INTERNATIONAL INC | 0.002512 | ✓ |
| NVENT ELECTRIC PLC | 0.002469 | ✓ |
| Fidelity Cash Central Fund | 0.002468 |  |
| LOEWS CORP | 0.002427 | ✓ |
| REVOLUTION MEDICINES INC | 0.002401 |  |
| FABRINET | 0.002392 | ✓ |
| AFFIRM HOLDINGS INC | 0.002379 |  |
| KRATOS DEFENSE and SEC SOLTN INC | 0.002371 | ✓ |
| NEXTRACKER INC CL A | 0.002369 | ✓ |
| XPO LOGISTICS INC | 0.002369 |  |
| ROCKET COS INC-A | 0.002364 |  |
| PENTAIR PLC | 0.002347 | ✓ |
| JONES LANG LASALLE INC | 0.002302 | ✓ |
| TENET HEALTHCARE CORP | 0.002267 | ✓ |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.002250 | ✓ |
| INCYTE CORP | 0.002249 | ✓ |
| ATI INC | 0.002228 |  |
| TALEN ENERGY CORP | 0.002170 | ✓ |
| CARPENTER TECHNOLOGY CORP | 0.002158 | ✓ |
| MKS INSTRUMENTS INC | 0.002153 |  |


## Sources

- N-PORT (fund A) — accession `0000035402-26-002106` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/945908/000003540226002106/0000035402-26-002106-index.htm>
- N-PORT (fund B) — accession `0000035402-26-002124` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/819118/000003540226002124/0000035402-26-002124-index.htm>

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