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Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETFFidelity Covington Trust Fidelity Enhanced Large Cap Core ETFFidelity Covington Trust Fidelity Enhanced Large Cap Core ETF

Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETF

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Analysis
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Key stats


Assets under management (AUM)
‪4.06 B‬ USD
Fund flows (1Y)
‪1.40 B‬ USD
Dividend yield (indicated)
1.09%
Discount/Premium to NAV
−0.01%
Shares outstanding
‪130.34 M‬
Expense ratio
0.18%

About Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETF


Issuer
FMR LLC
Brand
Fidelity
Home page
digital.fidelity.com
Inception date
Nov 20, 2023
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Co. LLC
FELC strives for growth of capital by primarily focusing on stocks included in the S&P 500. The S&P 500 is a market cap-weighted index composed of the 500 largest US companies based on market size. The investment decisions for FELC are guided by a computer-aided quantitative system, taking into account factors such as a firms past growth, worth and profitability. The objective is to potentially yield a total return higher than that of the S&P 500 index. While FELCs investments are centered around US stocks, it is also open to stocks from issuers overseas. Furthermore, the fund may participate in securities lending as a way to generate additional income. It should be noted that FELC converted from a mutual fund to an actively managed ETF, with $1.84 billion in assets.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Geography
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 May 1, 2025
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Finance
Stocks98.88%
Electronic Technology21.52%
Technology Services20.24%
Finance15.63%
Retail Trade9.25%
Health Technology8.19%
Consumer Services3.66%
Consumer Non-Durables2.63%
Producer Manufacturing2.48%
Energy Minerals2.46%
Consumer Durables2.42%
Transportation2.21%
Health Services1.69%
Utilities1.26%
Commercial Services1.24%
Communications1.19%
Process Industries1.04%
Industrial Services0.69%
Non-Energy Minerals0.60%
Distribution Services0.51%
Bonds, Cash & Other1.12%
Cash0.88%
Mutual fund0.14%
Government0.08%
Futures0.02%
Stock breakdown by region
97%2%0%
North America97.63%
Europe2.35%
Middle East0.02%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows