FESM
Fidelity Covington Trust - Enhan
FESM
32,64
0,91 Bil. AUM
0,3% Expense Ratio
32,05 NAV
Fidelity Covington Trust - Enhan Profile
About Fidelity Covington Trust - Enhan
FESM seeks capital appreciation by targeting common stocks within the Russel 2000 Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the small-cap sector of the US equity market. Investments may also include foreign stocks. 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. FESM converted from a mutual fund called Fidelity Small Cap Enhanced Index Fund to an actively managed ETF structure starting with $435 million in net assets.
- Company
- Fidelity
- Holdings
- 632
- CUSIP
- 31609A206
Fidelity Covington Trust - Enhan Sectors
| Industry | Percentage |
|---|---|
| Technology | 17,92% |
| Healthcare | 17,15% |
| Industrials | 17,00% |
| Financial Servic | 15,41% |
| Consumer Cyclica | 9,85% |
| Real Estate | 6,47% |
| Energy | 4,51% |
| Basic Materials | 3,66% |
| Consumer Defensi | 3,25% |
| Communication Se | 2,59% |
| Utilities | 2,17% |