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About Fidelity Covington Trust Fidelity Enhanced Large Cap Growth ETF
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Inception date
Nov 20, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Co. LLC
FELG targets capital growth by primarily focusing on stocks included in the Russell 1000 Growth Index. The Rusell 1000 Growth index is a market cap-weighted index comprised of the 1000 largest US companies that exhibit growth characteristics. Stocks are determined based on factors such as revenue growth and forward-looking earnings growth amongst others. The investment decisions for FELG 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 Russell 1000 Growth Index. While FELGs 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. FELG converted from a mutual fund to an actively managed ETF, with $2.01 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
Retail Trade
Stocks98.87%
Technology Services32.76%
Electronic Technology30.54%
Retail Trade10.38%
Health Technology6.27%
Finance5.62%
Consumer Durables2.99%
Transportation2.66%
Consumer Services2.42%
Producer Manufacturing1.56%
Industrial Services1.38%
Consumer Non-Durables0.64%
Distribution Services0.38%
Process Industries0.37%
Energy Minerals0.31%
Communications0.20%
Health Services0.18%
Non-Energy Minerals0.18%
Miscellaneous0.02%
Commercial Services0.00%
Bonds, Cash & Other1.13%
Cash1.02%
Government0.08%
Futures0.03%
Stock breakdown by region
North America98.64%
Europe1.36%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FELG invests in stocks. The fund's major sectors are Technology Services, with 32.76% stocks, and Electronic Technology, with 30.54% of the basket. The assets are mostly located in the North America region.
FELG top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 10.83% and 10.72% of the portfolio correspondingly.
FELG last dividends amounted to 0.04 USD. The quarter before, the issuer paid 0.05 USD in dividends, which shows a 17.50% decrease.
FELG assets under management is 3.40 B USD. It's risen 22.13% over the last month.
FELG fund flows account for 545.74 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FELG pays dividends to its holders with the dividend yield of 0.49%. The last dividend (Mar 25, 2025) amounted to 0.04 USD. The dividends are paid quarterly.
FELG shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 20, 2023, and its management style is Active.
FELG expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
FELG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FELG invests in stocks.
FELG price has risen by 17.59% over the last month, and its yearly performance shows a 13.41% increase. See more dynamics on FELG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 18.69% over the last month, showed a −5.26% decrease in three-month performance and has increased by 14.20% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 18.69% over the last month, showed a −5.26% decrease in three-month performance and has increased by 14.20% in a year.
FELG trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.