Fidelity Covington Trust Fidelity Enhanced Mid Cap ETFFidelity Covington Trust Fidelity Enhanced Mid Cap ETFFidelity Covington Trust Fidelity Enhanced Mid Cap ETF

Fidelity Covington Trust Fidelity Enhanced Mid Cap ETF

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Key stats


Assets under management (AUM)
‪2.37 B‬USD
Fund flows (1Y)
‪603.90 M‬USD
Dividend yield (indicated)
1.12%
Discount/Premium to NAV
−1.6%

About Fidelity Covington Trust Fidelity Enhanced Mid Cap ETF


Issuer
FMR LLC
Brand
Fidelity
Expense ratio
0.23%
Inception date
Nov 20, 2023
Index tracked
No Underlying Index
Management style
Active
FMDE seeks capital appreciation by targeting common stocks within the Russel Midcap Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the mid-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. FMDE converted from a mutual fund called Fidelity Mid Cap Enhanced Index Fund to an actively managed ETF structure starting with $1.33 billion in net assets.

Classification


Asset Class
Equity
Category
Size and style
Focus
Mid cap
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of January 8, 2025
Exposure type
StocksBonds, Cash & Other
Finance
Technology Services
Electronic Technology
Stocks98.85%
Finance19.65%
Technology Services18.27%
Electronic Technology10.17%
Producer Manufacturing6.89%
Consumer Services5.84%
Retail Trade5.27%
Health Technology4.64%
Utilities4.62%
Industrial Services4.19%
Process Industries3.76%
Distribution Services2.73%
Consumer Non-Durables2.39%
Commercial Services2.13%
Non-Energy Minerals1.92%
Transportation1.71%
Consumer Durables1.70%
Health Services1.45%
Energy Minerals1.33%
Miscellaneous0.14%
Bonds, Cash & Other1.15%
Mutual fund1.11%
Government0.11%
Miscellaneous0.00%
Futures−0.03%
Cash−0.04%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows