Key stats
About Fidelity Covington Trust Fidelity Enhanced U.S. All-Cap Equity ETF
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Inception date
Nov 19, 2024
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Co. LLC
FEAC is actively managed and seeks capital appreciation by investing at least 80% of its assets in US equity securities, primarily common stocks. It diversifies investments across large cap, mid cap, and small cap stocks. The strategy employs a research-driven approach to identify long-term stock return drivers such as valuation, growth, and quality. This research is systematically applied alongside a proprietary portfolio construction and risk management framework. The aim is to select a diverse group of stocks with potential to outperform a broad market index. This strategy is designed to provide investors with a higher total return.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.84%
Electronic Technology20.83%
Technology Services18.94%
Finance13.31%
Health Technology9.27%
Retail Trade5.90%
Producer Manufacturing4.76%
Transportation4.41%
Consumer Services4.38%
Energy Minerals3.60%
Commercial Services3.32%
Industrial Services2.25%
Consumer Durables2.19%
Consumer Non-Durables1.50%
Process Industries1.15%
Communications1.05%
Distribution Services0.87%
Non-Energy Minerals0.83%
Health Services0.71%
Utilities0.48%
Miscellaneous0.10%
Bonds, Cash & Other0.16%
Mutual fund0.10%
Cash0.06%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history