Key stats
About Fidelity Covington Trust Fidelity Enhanced U.S. All-Cap Equity ETF
Home page
Inception date
Nov 19, 2024
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
FEAC is actively managed and seeks capital appreciation by investing at least 80% of its assets in US equity securities, primarily common stocks. It diversifies investments across large cap, mid cap, and small cap stocks. The strategy employs a research-driven approach to identify long-term stock return drivers such as valuation, growth, and quality. This research is systematically applied alongside a proprietary portfolio construction and risk management framework. The aim is to select a diverse group of stocks with potential to outperform a broad market index. This strategy is designed to provide investors with a higher total return.
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
Stocks99.77%
Electronic Technology21.21%
Technology Services20.79%
Finance13.54%
Retail Trade9.04%
Health Technology7.29%
Producer Manufacturing4.19%
Consumer Services4.02%
Transportation3.00%
Industrial Services2.63%
Consumer Durables2.18%
Commercial Services1.86%
Consumer Non-Durables1.72%
Non-Energy Minerals1.55%
Process Industries1.53%
Health Services1.37%
Communications1.35%
Energy Minerals1.04%
Distribution Services1.01%
Utilities0.40%
Miscellaneous0.05%
Bonds, Cash & Other0.23%
Cash0.23%
Stock breakdown by region
North America97.07%
Europe2.85%
Latin America0.05%
Middle East0.04%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FEAC invests in stocks. The fund's major sectors are Electronic Technology, with 21.21% stocks, and Technology Services, with 20.79% of the basket. The assets are mostly located in the North America region.
FEAC top holdings are NVIDIA Corporation and Microsoft Corporation, occupying 7.53% and 5.51% of the portfolio correspondingly.
FEAC last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.07 USD in dividends, which shows a 5.26% increase.
FEAC assets under management is 5.99 M USD. It's risen 14.07% over the last month.
FEAC fund flows account for 3.15 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, FEAC pays dividends to its holders with the dividend yield of 0.67%. The last dividend (Jun 24, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
FEAC shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 19, 2024, and its management style is Active.
FEAC expense ratio is 0.18% meaning you'd have to pay 0.18% of your investment to help manage the fund.
FEAC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FEAC invests in stocks.
FEAC price has risen by 1.36% over the last month, and its yearly performance shows a 3.07% increase. See more dynamics on FEAC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.01% over the last month, showed a 12.46% increase in three-month performance and has increased by 7.34% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.01% over the last month, showed a 12.46% increase in three-month performance and has increased by 7.34% in a year.
FEAC trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.