Key stats
About Fidelity Covington Trust Fidelity Enhanced Large Cap Core ETF
Expense ratio
0.18%
Home page
Inception date
Nov 20, 2023
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
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
Technology Services
Electronic Technology
Finance
Stocks98.88%
Technology Services20.85%
Electronic Technology19.75%
Finance11.07%
Retail Trade8.93%
Health Technology8.88%
Consumer Services3.83%
Producer Manufacturing3.44%
Energy Minerals3.43%
Health Services2.94%
Consumer Non-Durables2.88%
Transportation2.62%
Commercial Services1.96%
Process Industries1.69%
Non-Energy Minerals1.68%
Consumer Durables1.47%
Utilities1.39%
Industrial Services1.21%
Communications0.88%
Distribution Services0.00%
Bonds, Cash & Other1.12%
Mutual fund0.90%
Government0.12%
Cash0.05%
Futures0.03%
Rights & Warrants0.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history