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About Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETF
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Inception date
Nov 20, 2023
Structure
Open-Ended Fund
Replication method
Physical
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 firm’s past growth, worth and profitability. The objective is to potentially yield a total return higher than that of the S&P 500 index. While FELC’s 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
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
Electronic Technology
Technology Services
Finance
Stocks98.89%
Electronic Technology22.39%
Technology Services21.10%
Finance14.45%
Retail Trade9.27%
Health Technology7.33%
Transportation3.38%
Consumer Services3.37%
Consumer Non-Durables2.44%
Consumer Durables2.23%
Producer Manufacturing2.16%
Energy Minerals1.85%
Health Services1.54%
Process Industries1.45%
Industrial Services1.38%
Commercial Services1.35%
Communications1.08%
Utilities0.96%
Distribution Services0.60%
Non-Energy Minerals0.58%
Bonds, Cash & Other1.11%
Mutual fund0.49%
Cash0.48%
Government0.07%
Futures0.06%
Stock breakdown by region
North America97.66%
Europe2.34%
Middle East0.00%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FELC invests in stocks. The fund's major sectors are Electronic Technology, with 22.39% stocks, and Technology Services, with 21.10% of the basket. The assets are mostly located in the North America region.
FELC top holdings are NVIDIA Corporation and Apple Inc., occupying 7.28% and 6.42% of the portfolio correspondingly.
FELC last dividends amounted to 0.09 USD. The quarter before, the issuer paid 0.09 USD in dividends,
FELC assets under management is 4.34 B USD. It's risen 7.46% over the last month.
FELC fund flows account for 1.34 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FELC pays dividends to its holders with the dividend yield of 1.04%. The last dividend (Mar 25, 2025) amounted to 0.09 USD. The dividends are paid quarterly.
FELC shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 20, 2023, and its management style is Active.
FELC expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
FELC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FELC invests in stocks.
FELC price has risen by 7.65% over the last month, and its yearly performance shows a 12.05% increase. See more dynamics on FELC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.24% over the last month, showed a −0.44% decrease in three-month performance and has increased by 13.05% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.24% over the last month, showed a −0.44% decrease in three-month performance and has increased by 13.05% in a year.
FELC trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.