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About Fidelity Covington Trust Fidelity Fundamental Developed International ETF
Expense ratio
0.55%
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Inception date
Nov 19, 2024
FFDI seeks to achieve long-term capital growth by fundamentally selecting stocks from developed markets, excluding the US. The fund includes countries that have a developed stock market, as defined by MSCI, as well as countries with similar developed characteristics. The adviser considers an issuers domicile, incorporation, primary listing, and location of at least 50% of its assets to determine if it is economically tied to developed markets. Additionally, issuers must derive at least 50% of their revenues from, classified as part of, or included in an index representing developed markets. The portfolio construction starts with fundamental analyst research and security recommendations, and reference portfolios managed by Fidelity. The adviser then employs a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund is actively managed and includes firms of all sizes.
Classification
What's in the fund
Exposure type
Finance
Technology Services
Producer Manufacturing
Electronic Technology
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.