Key stats
About Fidelity Covington Trust Fidelity Enhanced International 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
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
Stocks97.47%
Finance23.76%
Producer Manufacturing10.16%
Health Technology9.51%
Consumer Non-Durables8.62%
Electronic Technology8.37%
Technology Services7.27%
Non-Energy Minerals3.85%
Consumer Durables3.85%
Utilities3.48%
Energy Minerals3.10%
Communications2.85%
Process Industries2.75%
Retail Trade2.61%
Transportation2.31%
Industrial Services1.64%
Distribution Services0.94%
Consumer Services0.94%
Commercial Services0.89%
Health Services0.56%
Bonds, Cash & Other2.53%
Mutual fund1.75%
Cash0.43%
Government0.20%
Futures0.11%
Miscellaneous0.04%
Stock breakdown by region
Europe65.29%
Asia27.17%
Oceania5.74%
Middle East1.01%
North America0.80%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history