Fidelity Enhanced Small Cap Growth ETF (FSEG)

Fidelity Enhanced Small Cap Growth ETF (FSEG) is an actively managed equity exchange-traded fund from Fidelity Investments, launched in 2026.

The fund invests in U.S. small-cap companies with growth characteristics, selecting securities mainly from the Russell 2000 Growth Index. Fidelity's enhanced approach uses a quantitative model to tilt the portfolio toward stocks it rates favorably while keeping overall characteristics and risk close to the benchmark.

The aim is to modestly improve on the small-cap growth market's results through systematic security selection rather than large active bets. Holdings are spread across hundreds of smaller U.S. companies, often in sectors such as health care, technology and industrials, so no single stock dominates the portfolio. The fund is listed on NYSE Arca.