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
Health Technology
Stocks99.19%
Electronic Technology20.88%
Technology Services17.91%
Finance14.47%
Health Technology10.34%
Retail Trade5.36%
Producer Manufacturing4.05%
Energy Minerals3.84%
Consumer Services3.74%
Commercial Services2.98%
Transportation2.70%
Health Services2.61%
Industrial Services2.15%
Consumer Non-Durables1.75%
Consumer Durables1.68%
Communications1.55%
Process Industries1.13%
Distribution Services0.85%
Non-Energy Minerals0.62%
Utilities0.52%
Miscellaneous0.05%
Bonds, Cash & Other0.81%
Cash0.70%
Mutual fund0.11%
Stock breakdown by region
North America97.25%
Europe2.75%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history