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

Fidelity Covington Trust Fidelity Enhanced Large Cap Growth ETF

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Analysis
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Key stats


Assets under management (AUM)
‪3.09 B‬ USD
Fund flows (1Y)
‪484.95 M‬ USD
Dividend yield (indicated)
0.52%
Discount/Premium to NAV
−0.009%
Shares outstanding
‪96.32 M‬
Expense ratio
0.18%

About Fidelity Covington Trust Fidelity Enhanced Large Cap Growth 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
FELG targets capital growth by primarily focusing on stocks included in the Russell 1000 Growth Index. The Rusell 1000 Growth index is a market cap-weighted index comprised of the 1000 largest US companies that exhibit growth characteristics. Stocks are determined based on factors such as revenue growth and forward-looking earnings growth amongst others. The investment decisions for FELG 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 Russell 1000 Growth Index. While FELGs 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. FELG converted from a mutual fund to an actively managed ETF, with $2.01 billion in assets.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Growth
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 April 30, 2025
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Retail Trade
Stocks98.76%
Technology Services32.03%
Electronic Technology30.10%
Retail Trade10.02%
Health Technology7.48%
Finance6.41%
Consumer Durables3.24%
Consumer Services2.80%
Transportation2.11%
Producer Manufacturing1.53%
Industrial Services0.96%
Consumer Non-Durables0.66%
Communications0.50%
Energy Minerals0.46%
Distribution Services0.16%
Process Industries0.13%
Health Services0.08%
Commercial Services0.06%
Miscellaneous0.02%
Bonds, Cash & Other1.24%
Mutual fund0.78%
Cash0.33%
Government0.13%
Stock breakdown by region
98%1%
North America98.34%
Europe1.66%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows