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
Electronic Technology
Technology Services
Finance
Stocks99.04%
Electronic Technology24.20%
Technology Services20.81%
Finance11.56%
Retail Trade9.79%
Health Technology7.51%
Producer Manufacturing4.23%
Consumer Services3.79%
Commercial Services3.17%
Energy Minerals2.64%
Consumer Durables2.40%
Transportation2.00%
Consumer Non-Durables1.89%
Health Services1.04%
Utilities0.91%
Non-Energy Minerals0.77%
Process Industries0.77%
Communications0.64%
Industrial Services0.40%
Distribution Services0.35%
Bonds, Cash & Other0.96%
Mutual fund1.02%
Government0.11%
Rights & Warrants0.00%
Futures−0.01%
Cash−0.17%
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