FMDE
Fidelity Covington Trust - Enhan
FMDE
33,22
1,90 Bil. AUM
0,2% Expense Ratio
32,19 NAV
Fidelity Covington Trust - Enhan Profile
About Fidelity Covington Trust - Enhan
FMDE seeks capital appreciation by targeting common stocks within the Russel Midcap Index. The benchmark is a market capitalization-weighted index, specifically intended to evaluate the mid-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. FMDE converted from a mutual fund called Fidelity Mid Cap Enhanced Index Fund to an actively managed ETF structure starting with $1.33 billion in net assets.
- Company
- Fidelity
- Holdings
- 320
- CUSIP
- 31609A503
Fidelity Covington Trust - Enhan Sectors
| Industry | Percentage |
|---|---|
| Technology | 18,54% |
| Consumer Cyclica | 14,66% |
| Industrials | 14,36% |
| Financial Servic | 14,23% |
| Healthcare | 11,34% |
| Real Estate | 5,87% |
| Energy | 4,63% |
| Basic Materials | 4,39% |
| Utilities | 4,23% |
| Communication Se | 4,13% |
| Consumer Defensi | 3,61% |