Key stats
About Fidelity Covington Trust Fidelity Enhanced Mid Cap ETF
Expense ratio
0.23%
Home page
Inception date
Nov 20, 2023
FMDE seeks capital appreciation by targeting common stocks within the Russel Midcap Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the mid-cap sector of the US equity market. Investments may also include foreign stocks. With the aim of potentially providing a total return that surpasses that of the Index, the fund utilizes a computer-aided, quantitative analysis that evaluates historical valuation, growth, profitability, and various other factors. In addition to capital growth, the fund engages in securities lending as an income-generating strategy. FMDE converted from a mutual fund called Fidelity Mid Cap Enhanced Index Fund to an actively managed ETF structure starting with $1.33 billion in net 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
Finance
Technology Services
Electronic Technology
Stocks99.27%
Finance17.15%
Technology Services14.24%
Electronic Technology11.56%
Producer Manufacturing9.74%
Health Technology6.40%
Retail Trade5.49%
Utilities4.40%
Industrial Services4.04%
Consumer Services3.70%
Consumer Durables3.68%
Non-Energy Minerals3.41%
Distribution Services3.39%
Process Industries3.03%
Transportation2.56%
Consumer Non-Durables2.22%
Energy Minerals1.84%
Commercial Services1.49%
Health Services0.63%
Bonds, Cash & Other0.73%
Mutual fund0.87%
Government0.12%
Futures0.01%
Miscellaneous0.00%
Cash−0.28%
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