Key stats
About Fidelity Covington Trust Fidelity Enhanced Emerging Markets ETF
Expense ratio
0.38%
Home page
Inception date
Nov 19, 2024
FEMR is actively managed and aims for capital appreciation by investing at least 80% of assets in securities and depositary receipts of emerging market issuers. These markets are defined by MSCI and include low- to middle-income economies as per the World Bank. The fund primarily invests in common stocks, diversifying across various emerging countries. A research-driven approach is used to identify long-term stock return drivers such as valuation, growth, and quality. This research is systematically applied with a proprietary portfolio construction and risk management framework. The objective is to select a diversified stock group that potentially offers higher total returns than the MSCI Emerging Markets Index.
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
Finance
Technology Services
Stocks98.04%
Electronic Technology24.07%
Finance23.76%
Technology Services11.51%
Transportation5.71%
Health Technology4.99%
Retail Trade4.96%
Consumer Durables4.25%
Consumer Non-Durables4.10%
Producer Manufacturing3.63%
Energy Minerals2.61%
Consumer Services1.96%
Industrial Services1.89%
Non-Energy Minerals1.64%
Process Industries1.44%
Communications0.94%
Utilities0.34%
Health Services0.17%
Distribution Services0.08%
Bonds, Cash & Other1.96%
UNIT1.34%
Cash0.44%
Government0.20%
Futures−0.02%
Stock breakdown by region
Asia62.61%
North America17.17%
Europe8.88%
Middle East5.40%
Latin America3.48%
Africa2.46%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history