Fidelity Enhanced Mid Cap Value ETF (FEMV)

The Fidelity Enhanced Mid Cap Value ETF (FEMV) is an actively managed fund from Fidelity Investments that invests in U.S. mid-cap companies with value characteristics. It seeks capital growth.

The fund uses Fidelity's quantitative process, which scores stocks on factors such as valuation, quality and momentum. It aims to modestly outperform the mid-cap value segment of the market while maintaining sector exposure and risk similar to that segment.

The enhanced approach makes small, diversified active bets across many holdings rather than concentrated stock picks.