Fidelity Covington Trust Fidelity Fundamental Global ex-U.S. ETFFidelity Covington Trust Fidelity Fundamental Global ex-U.S. ETFFidelity Covington Trust Fidelity Fundamental Global ex-U.S. ETF

Fidelity Covington Trust Fidelity Fundamental Global ex-U.S. ETF

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Key stats


Assets under management (AUM)
‪10.10 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
0.76%
Discount/Premium to NAV
−0.3%
Shares outstanding
‪400.00 K‬
Expense ratio
0.55%

About Fidelity Covington Trust Fidelity Fundamental Global ex-U.S. ETF


Issuer
FMR LLC
Brand
Fidelity
Inception date
Nov 19, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
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
FFGX seeks to achieve long-term capital growth by fundamentally selecting stocks from around the globe, excluding the US. The fund may include issuers of any market capitalization located in emerging and developed markets. 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 a particular country or region. Additionally, issuers must derive at least 50% of their revenues from, classified as part of, or included in an index representing a non-US country or region. 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.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Active
Geography
Global Ex-U.S.
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 29, 2025
Exposure type
StocksBonds, Cash & Other
Finance
Electronic Technology
Technology Services
Stocks99.68%
Finance21.43%
Electronic Technology16.20%
Technology Services12.67%
Producer Manufacturing9.62%
Health Technology7.00%
Retail Trade4.73%
Energy Minerals4.32%
Non-Energy Minerals4.30%
Consumer Services3.97%
Consumer Non-Durables3.85%
Commercial Services2.72%
Transportation2.54%
Process Industries2.51%
Industrial Services1.33%
Consumer Durables1.06%
Distribution Services0.81%
Utilities0.51%
Communications0.13%
Bonds, Cash & Other0.32%
Government0.20%
Cash0.12%
Stock breakdown by region
1%1%13%52%0.9%1%28%
Europe52.18%
Asia28.28%
North America13.88%
Middle East1.88%
Latin America1.69%
Oceania1.16%
Africa0.93%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows