Category | Fund Name | Summary | Net Assets ($ M)* | YTD (%) |
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Investment Grade-Intermediate-Term | Fidelity Corporate Bond ETF | 240.4 | 0 | |
The fund seeks a high level of current income by investing in companies in the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in investment-grade corporate bonds and other corporate debt securities and repurchase agreements for those securities. Also, the team invests in domestic and foreign issuers. The team analyzes the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. In addition, the fund invests in derivatives, such as swaps, options, and futures contracts, and forward-settling securities, to adjust the fund’s risk exposure. The fund also invests in lower-quality debt securities. |
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Equity Income | Fidelity Dividend ETF for Rising Rates | 637.7 | 1.5 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in mid-and large-size companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index and in depository receipts representing securities included in the index. The team favors dividend-paying companies that are estimated to continue to pay and grow their dividends. In addition, the team prefers companies that have a positive correlation of returns to increasing 10-year U.S. Treasury yields. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also lend securities to earn income for the fund. |
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Equity Income | Fidelity High Dividend ETF | 1.22 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in mid-and large-size companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index and in depository receipts representing securities included in the index. The team favors high-dividend paying companies that are estimated to continue to pay and grow their dividends. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also lend securities to earn income for the fund. |
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NA | Fidelity High Yield Factor ETF | 277.9 | 0.8 | |
The fund seeks a high level of income and capital appreciation by investing in companies outside the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in debt securities rated below investment grade. The team screens over 1,000 bonds and selects those with superior return potential and low probability of default utilizing a value and quality factor-based methodology. In selecting securities for the portfolio, the research team focuses on securities that have a higher or lower credit quality. In addition, the team may also invest in companies in troubled or uncertain financial condition. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also invest in domestic and foreign issuers. |
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Equity Income | Fidelity International High Dividend ETF | 99.6 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index and in depository receipts representing securities included in the index. The Index is designed to reflect the performance of stocks of large- and mid-capitalization developed international high dividend-paying companies that are estimated to continue to pay and grow their dividends. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. Additionally, the fund may lend securities to earn income. |
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Alternatives | Fidelity International Value Factor ETF | 37.7 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies outside the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index and in depository receipts representing securities included in the index. The Index is designed to reflect the performance of stocks of large- and mid-capitalization developed international high dividend-paying companies that have attractive valuations. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. Additionally, the fund may lend securities to earn income. |
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Investment Grade-Short-Term | Fidelity Limited Term Bond ETF | 266.1 | 0.3 | |
The fund seeks to provide a high rate of income by investing in companies in the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Also, the team invests in domestic and foreign issuers. The team analyzes the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The manager allocates the fund’s net assets across different market sectors and maturities. In addition, the fund invests in derivatives, such as swaps, options, and futures contracts, and forward-settling securities, to adjust the fund’s risk exposure. The fund also invests in lower-quality debt securities. |
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Investment Grade-Short-Term | Fidelity Low Duration Bond Factor ETF | 224.5 | 0.1 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies in the United States. The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index. The Index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. In addition, the team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as duration, maturity, interest rate sensitivity, security structure, and credit quality. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund also lends securities to earn income. |
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Large-Cap-Core | Fidelity Low Volatility Factor ETF | 484.3 | 3.5 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in mid-and large-size companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index with lower volatility than the broader market. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also lend securities to earn income for the fund. |
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Large-Cap-Core | Fidelity Momentum Factor ETF | 122.3 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in mid-and large-size companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index that exhibit positive momentum signals. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also lend securities to earn income for the fund. |
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Telecommunications-NA | Fidelity MSCI Communication Services Index ETF | 754.1 | 7.4 | |
The fund seeks to replicate the total return performance of the benchmark index before fees and expenses by investing in companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the fund’s underlying index. The fund’s underlying index is the MSCI USA IMI Communication Services 25/50 Index, which represents the performance of the communication services sector in the U.S. equity market. The team utilizes a representative sampling indexing strategy to evaluate companies based on market capitalization and industry weightings. In addition, the team also includes assessing a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Index. |
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Consumer Goods/Services-NA | Fidelity MSCI Consumer Discretionary Index ETF | 1.46 | 2.4 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies across any size in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Underlying Index. The Underlying Index represents the performance of the consumer discretionary sector in the U.S. equity market. In addition, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. Also, the team utilizes evaluates companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Underlying Index. |
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Consumer Goods/Services-NA | Fidelity MSCI Consumer Staples Index ETF | 1.02 | 2.2 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies across any size in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Underlying Index. The Underlying Index represents the performance of the consumer staples sector in the U.S. equity market. In addition, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. Also, the team utilizes evaluates companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Underlying Index. |
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Natural Resources/Materials-NA | Fidelity MSCI Energy Index ETF | 1.49 | 2.1 | |
The fund seeks to replicate the total return performance of the benchmark index before fees and expenses by investing in companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the fund’s underlying index. The fund’s underlying index is the MSCI USA IMI Energy 25/50 Index, which represents the performance of the energy sector in the U.S. equity market. The team utilizes a representative sampling indexing strategy to evaluate companies based on market capitalization and industry weightings. In addition, the team also includes assessing a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Index. |
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Business/Financial Services-NA | Fidelity MSCI Financials Index ETF | 1.86 | 6.1 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies across any size in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Underlying Index. The Underlying Index represents the performance of the financial sector in the U.S. equity market. In addition, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. Also, the team utilizes evaluates companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Underlying Index. |
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Health/Biotechnology-NA | Fidelity MSCI Health Care Index ETF | 2.94 | 6.9 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies across any size in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Underlying Index. The Underlying Index represents the performance of the health care sector in the U.S. equity market. In addition, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. Also, the team utilizes evaluates companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Underlying Index. |
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Industrial Goods/Services-NA | Fidelity MSCI Industrials Index ETF | 825.4 | 4.8 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies across any size in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Underlying Index. The Underlying Index represents the performance of the industrial sector in the U.S. equity market. In addition, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. Also, the team utilizes evaluates companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Underlying Index. |
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Science/Technology-NA | Fidelity MSCI Information Technology Index ETF | 6.55 | -0.8 | |
The fund seeks to replicate the total return performance of the benchmark index before fees and expenses by investing in companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the fund’s underlying index. The fund’s underlying index is the MSCI USA IMI Information Technology 25/50 Index, which represents the performance of the information technology sector in the U.S. equity market. The team utilizes a representative sampling indexing strategy to evaluate companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Index. |
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Natural Resources/Materials-NA | Fidelity MSCI Materials Index ETF | 545.9 | 4.9 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies across any size in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Underlying Index. The Underlying Index represents the performance of the materials sector in the U.S. equity market. In addition, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. Also, the team utilizes evaluates companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Underlying Index. |
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Real Estate-NA | Fidelity MSCI Real Estate Index ETF | 2.01 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies across any size in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Underlying Index. The Underlying Index represents the performance of the real estate sector in the U.S. equity market. In addition, the research team employs a representative sampling indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the index. Also, the team utilizes evaluates companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Underlying Index. |
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Utilities-NA | Fidelity MSCI Utilities Index ETF | 1.34 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index before fees and expenses by investing in companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the fund’s underlying index. The fund’s underlying index is the MSCI USA IMI Utilities 25/50 Index, which represents the performance of the utilities sector in the U.S. equity market. The team utilizes a representative sampling indexing strategy to evaluate companies based on market capitalization and industry weightings. In addition, the team also assesses a company’s return variability and yield and liquidity characteristics. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may or may not hold all of the securities in the Index. |
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Multi-Cap-Core | Fidelity NASDAQ Composite Index ETF | 4.53 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in common stocks included in the Index. The Index is designed to represent the performance of NASDAQ stocks. The team employs statistical sampling techniques to replicate the returns of the index. The technique takes into account factors such as capitalization, industry exposures, dividend yield, and valuation multiples on the basis of earnings and book value. Other factors in consideration are earnings growth and country weightings. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also lend securities to earn income for the fund. |
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Large-Cap-Core | Fidelity Quality Factor ETF | 282.1 | 0 | |
The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in mid-and large-size companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index with a higher quality profile than the broader market. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund may also lend securities to earn income for the fund. |
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NA | Fidelity Total Bond ETF | 2.5 | 0 | |
The fund seeks a high level of current income by investing in companies outside the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in debt securities of all types and repurchase agreements for those securities. In selecting securities for the portfolio, the research team analyzes the credit quality of the issuer, the issuer’s potential for success, the credit, currency, and economic risks of the security and its issuer, security-specific features, current and potential future valuation, and trading opportunities. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund allocates its net assets across different asset classes, market sectors, and maturities. Also, the fund invests up to 20% of net assets in lower-quality debt securities. The fund may also invest in domestic and foreign issuers. Additionally, the fund may invest in derivatives, such as swaps, options, and futures contracts and forward-settling securities. |
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Large-Cap-Value | Fidelity Value Factor ETF | 551.6 | 2.3 | |
The fund seeks to replicate the total return performance of the benchmark index before fees and expenses by investing in mid-and large-size companies in the United States. The sub-adviser’s investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities. Next, the research team invests significantly in securities included in the Index. The team focuses on companies that are trading at attractive valuations. Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level. The fund also lends securities to earn income. |
* Net Assets include for all classes