Key stats
About Fidelity Covington Trust Fidelity Enhanced International ETF
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Inception date
Nov 20, 2023
Structure
Open-Ended Fund
Replication method
Physical
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
FENI seeks capital appreciation by targeting common stocks within the MSCI EAFE Index. The benchmark is a market capitalization-weighted index that measures investable equity markets in developed countries, excluding the US and Canada. 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. FENI converted from a mutual fund called Fidelity International Enhanced Index Fund to an actively managed ETF structure starting with $1.28 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
Producer Manufacturing
Health Technology
Stocks98.40%
Finance24.67%
Producer Manufacturing10.50%
Health Technology10.25%
Consumer Non-Durables8.43%
Electronic Technology7.96%
Technology Services6.09%
Utilities4.13%
Non-Energy Minerals3.80%
Energy Minerals3.51%
Consumer Durables3.46%
Communications2.94%
Process Industries2.75%
Transportation2.46%
Retail Trade2.37%
Industrial Services1.39%
Distribution Services1.11%
Consumer Services0.89%
Commercial Services0.84%
Health Services0.71%
Miscellaneous0.14%
Bonds, Cash & Other1.60%
Cash0.65%
Mutual fund0.63%
Government0.22%
Futures0.10%
Miscellaneous0.01%
Stock breakdown by region
Europe64.93%
Asia27.63%
Oceania5.94%
North America0.76%
Middle East0.73%
Africa0.00%
Latin America0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FENI invests in stocks. The fund's major sectors are Finance, with 24.67% stocks, and Producer Manufacturing, with 10.50% of the basket. The assets are mostly located in the Europe region.
FENI top holdings are ASML Holding NV and Novartis AG, occupying 2.07% and 1.73% of the portfolio correspondingly.
FENI last dividends amounted to 0.22 USD. The quarter before, the issuer paid 0.16 USD in dividends, which shows a 27.73% increase.
FENI assets under management is 2.98 B USD. It's risen 17.13% over the last month.
FENI fund flows account for 1.10 B 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, FENI pays dividends to its holders with the dividend yield of 2.48%. The last dividend (Mar 25, 2025) amounted to 0.22 USD. The dividends are paid quarterly.
FENI shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 20, 2023, and its management style is Active.
FENI expense ratio is 0.29% meaning you'd have to pay 0.29% of your investment to help manage the fund.
FENI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FENI invests in stocks.
FENI price has risen by 4.21% over the last month, and its yearly performance shows a 13.32% increase. See more dynamics on FENI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.82% over the last month, showed a 8.90% increase in three-month performance and has increased by 15.85% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.82% over the last month, showed a 8.90% increase in three-month performance and has increased by 15.85% in a year.
FENI trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.