FMDE
Fidelity Covington Trust - Enhan
FMDE
31,42
1,55 Bil. AUM
0,2% Expense Ratio
29,70 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
- 0
- CUSIP
Fidelity Covington Trust - Enhan Sectors
| Industry | Percentage |
|---|---|
| Industrials | 19,62% |
| Information Tech | 18,19% |
| Consumer Discret | 15,28% |
| Financials | 12,00% |
| Healthcare | 10,74% |
| Materials | 6,24% |
| Real Estate | 5,41% |
| Energy | 5,03% |
| Communication Se | 4,20% |
| Utilities | 3,29% |