Key stats
About Fidelity Covington Trust Fidelity Enhanced Small Cap ETF
Expense ratio
0.28%
Home page
Inception date
Nov 20, 2023
FESM seeks capital appreciation by targeting common stocks within the Russel 2000 Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the small-cap sector of the US equity market. Investments may also include foreign stocks. With the aim of potentially providing a total return that surpasses that of the Index, the fund utilizes a computer-aided, quantitative analysis that evaluates historical valuation, growth, profitability, and various other factors. In addition to capital growth, the fund engages in securities lending as an income-generating strategy. FESM converted from a mutual fund called Fidelity Small Cap Enhanced Index Fund to an actively managed ETF structure starting with $435 million in net assets.
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
Finance
Health Technology
Technology Services
Stocks97.51%
Finance21.00%
Health Technology13.97%
Technology Services12.01%
Producer Manufacturing7.70%
Electronic Technology6.41%
Retail Trade3.86%
Industrial Services3.39%
Commercial Services3.31%
Process Industries3.01%
Consumer Durables2.88%
Energy Minerals2.20%
Consumer Services2.13%
Utilities2.02%
Consumer Non-Durables1.90%
Transportation1.68%
Communications1.33%
Health Services1.24%
Distribution Services1.23%
Non-Energy Minerals1.20%
Miscellaneous0.63%
Bonds, Cash & Other2.49%
Mutual fund7.04%
Government0.18%
Futures0.01%
Rights & Warrants0.01%
Miscellaneous0.00%
Cash−4.74%
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