Contents
Top
Holdings (% of Fund's net
assets) | ||
Apple,
Inc. |
10.0
|
|
Microsoft
Corp. |
8.6
|
|
Amazon.com,
Inc. |
7.5
|
|
NVIDIA
Corp. |
6.6
|
|
Alphabet,
Inc. Class A |
5.2
|
|
Tesla,
Inc. |
3.0
|
|
Meta
Platforms, Inc. Class A |
2.8
|
|
Marvell
Technology, Inc. |
2.7
|
|
Netflix,
Inc. |
2.2
|
|
Uber
Technologies, Inc. |
2.0
|
|
50.6
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
39.4
|
|
Consumer
Discretionary |
28.3
|
|
Communication
Services |
12.7
|
|
Health
Care |
9.4
|
|
Energy
|
4.4
|
|
Industrials
|
1.7
|
|
Consumer
Staples |
1.2
|
|
Financials
|
1.0
|
|
Materials
|
0.7
|
|
Real
Estate |
0.1
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 6.6%
|
Common
Stocks - 98.9% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 12.7% |
|||
Entertainment
- 2.9% |
|||
Activision
Blizzard, Inc. |
2,368
|
181,318
| |
Bilibili,
Inc. ADR (a) |
6,048
|
151,200
| |
Endeavor
Group Holdings, Inc. (a) |
16,534
|
370,858
| |
Netflix,
Inc. (a) |
27,788
|
9,833,062
| |
Sea
Ltd. ADR (a) |
37,248
|
2,400,634
| |
12,937,072
| |||
Interactive
Media & Services - 9.7% |
|||
Alphabet,
Inc. Class A (a) |
235,951
|
23,321,397
| |
Meta
Platforms, Inc. Class A (a) |
84,470
|
12,583,496
| |
Pinterest,
Inc. Class A (a) |
7,721
|
202,985
| |
Snap,
Inc. Class A (a) |
616,921
|
7,131,607
| |
43,239,485
| |||
Wireless
Telecommunication Services - 0.1% |
|||
T-Mobile
U.S., Inc. (a) |
3,405
|
508,401
| |
TOTAL COMMUNICATION SERVICES
|
56,684,958
| ||
CONSUMER
DISCRETIONARY - 28.3% |
|||
Auto
Components - 0.1% |
|||
Aptiv
PLC (a) |
3,229
|
365,168
| |
Mobileye
Global, Inc. |
6,111
|
235,885
| |
601,053
| |||
Automobiles
- 3.2% |
|||
Rivian
Automotive, Inc. (a) |
48,217
|
935,410
| |
Tesla,
Inc. (a) |
76,106
|
13,183,081
| |
14,118,491
| |||
Diversified
Consumer Services - 0.0% |
|||
New
Oriental Education & Technology Group, Inc. sponsored ADR (a)
|
3,518
|
150,008
| |
Hotels,
Restaurants & Leisure - 3.5% |
|||
Airbnb,
Inc. Class A (a) |
39,980
|
4,442,178
| |
Caesars
Entertainment, Inc. (a) |
48,940
|
2,547,816
| |
Chipotle
Mexican Grill, Inc. (a) |
285
|
469,218
| |
Hilton
Worldwide Holdings, Inc. |
8,605
|
1,248,499
| |
Marriott
International, Inc. Class A |
14,914
|
2,597,721
| |
Penn
Entertainment, Inc. (a) |
72,001
|
2,552,435
| |
Restaurant
Brands International, Inc. |
4,859
|
325,126
| |
Sweetgreen,
Inc. Class A (a) |
68,286
|
708,126
| |
Trip.com
Group Ltd. ADR (a) |
9,837
|
361,608
| |
Yum
China Holdings, Inc. |
4,214
|
259,625
| |
Yum!
Brands, Inc. |
1,236
|
161,310
| |
15,673,662
| |||
Internet
& Direct Marketing Retail - 11.4% |
|||
Alibaba
Group Holding Ltd. sponsored ADR (a) |
18,573
|
2,046,745
| |
Amazon.com,
Inc. (a) |
324,220
|
33,436,809
| |
JD.com,
Inc. sponsored ADR |
23,948
|
1,425,624
| |
Lyft,
Inc. (a) |
210,887
|
3,426,914
| |
Pinduoduo,
Inc. ADR (a) |
11,404
|
1,117,364
| |
Uber
Technologies, Inc. (a) |
295,411
|
9,137,062
| |
Wayfair
LLC Class A (a) |
6,810
|
412,005
| |
51,002,523
| |||
Multiline
Retail - 1.1% |
|||
Dollar
Tree, Inc. (a) |
27,800
|
4,175,004
| |
Ollie's
Bargain Outlet Holdings, Inc. (a) |
6,386
|
349,697
| |
Target
Corp. |
1,180
|
203,125
| |
4,727,826
| |||
Specialty
Retail - 5.0% |
|||
American
Eagle Outfitters, Inc. |
142,224
|
2,295,495
| |
Bath
& Body Works, Inc. |
5,260
|
242,013
| |
Burlington
Stores, Inc. (a) |
928
|
213,282
| |
Five
Below, Inc. (a) |
14,077
|
2,774,999
| |
Foot
Locker, Inc. |
7,980
|
347,210
| |
Lowe's
Companies, Inc. |
41,249
|
8,590,104
| |
RH
(a) |
8,538
|
2,663,771
| |
TJX
Companies, Inc. |
35,119
|
2,874,841
| |
Victoria's
Secret & Co. (a) |
34,516
|
1,454,849
| |
Warby
Parker, Inc. (a) |
56,233
|
908,163
| |
22,364,727
| |||
Textiles,
Apparel & Luxury Goods - 4.0% |
|||
Capri
Holdings Ltd. (a) |
42,585
|
2,831,477
| |
Crocs,
Inc. (a) |
23,739
|
2,890,698
| |
Deckers
Outdoor Corp. (a) |
3,517
|
1,503,447
| |
lululemon
athletica, Inc. (a) |
11,931
|
3,661,385
| |
NIKE,
Inc. Class B |
51,758
|
6,590,346
| |
On
Holding AG (a) |
6,797
|
157,690
| |
17,635,043
| |||
TOTAL CONSUMER DISCRETIONARY
|
126,273,333
| ||
CONSUMER
STAPLES - 1.2% |
|||
Beverages
- 1.2% |
|||
Boston
Beer Co., Inc. Class A (a) |
2,140
|
831,625
| |
Celsius
Holdings, Inc. (a) |
42,949
|
4,308,644
| |
Constellation
Brands, Inc. Class A (sub. vtg.) |
868
|
200,959
| |
5,341,228
| |||
Household
Products - 0.0% |
|||
Procter
& Gamble Co. |
1,651
|
235,069
| |
TOTAL CONSUMER STAPLES |
5,576,297
| ||
ENERGY
- 4.4% |
|||
Energy
Equipment & Services - 0.1% |
|||
Halliburton
Co. |
13,640
|
562,241
| |
Oil,
Gas & Consumable Fuels - 4.3% |
|||
Antero
Resources Corp. (a) |
26,633
|
768,096
| |
Cenovus
Energy, Inc. (Canada) |
21,533
|
430,158
| |
Cheniere
Energy, Inc. |
3,988
|
609,327
| |
Denbury,
Inc. (a) |
8,757
|
759,932
| |
Devon
Energy Corp. |
21,323
|
1,348,467
| |
Diamondback
Energy, Inc. |
15,681
|
2,291,308
| |
EOG
Resources, Inc. |
21,166
|
2,799,204
| |
EQT
Corp. |
4,831
|
157,829
| |
Exxon
Mobil Corp. |
15,230
|
1,766,832
| |
Hess
Corp. |
23,672
|
3,554,588
| |
Marathon
Oil Corp. |
25,437
|
698,754
| |
Northern
Oil & Gas, Inc. |
4,677
|
156,773
| |
Occidental
Petroleum Corp. |
22,016
|
1,426,417
| |
Ovintiv,
Inc. |
3,629
|
178,656
| |
Pioneer
Natural Resources Co. |
8,735
|
2,012,107
| |
Range
Resources Corp. |
801
|
20,041
| |
18,978,489
| |||
TOTAL ENERGY |
19,540,730
| ||
FINANCIALS
- 1.0% |
|||
Banks
- 0.3% |
|||
Wells
Fargo & Co. |
28,377
|
1,330,030
| |
Consumer
Finance - 0.6% |
|||
American
Express Co. |
16,593
|
2,902,613
| |
Diversified
Financial Services - 0.1% |
|||
Berkshire
Hathaway, Inc. Class B (a) |
739
|
230,213
| |
TOTAL FINANCIALS |
4,462,856
| ||
HEALTH
CARE - 9.4% |
|||
Biotechnology
- 1.3% |
|||
Alnylam
Pharmaceuticals, Inc. (a) |
8,203
|
1,857,159
| |
Arcutis
Biotherapeutics, Inc. (a) |
3,688
|
61,110
| |
Argenx
SE ADR (a) |
1,308
|
499,983
| |
Ascendis
Pharma A/S sponsored ADR (a) |
1,787
|
221,731
| |
Generation
Bio Co. (a) |
849
|
5,009
| |
Karuna
Therapeutics, Inc. (a) |
2,038
|
406,357
| |
Regeneron
Pharmaceuticals, Inc. (a) |
2,038
|
1,545,762
| |
Vertex
Pharmaceuticals, Inc. (a) |
3,679
|
1,188,685
| |
Verve
Therapeutics, Inc. (a) |
6,038
|
137,365
| |
5,923,161
| |||
Health
Care Equipment & Supplies - 1.6% |
|||
Axonics
Modulation Technologies, Inc. (a) |
7,169
|
440,177
| |
Boston
Scientific Corp. (a) |
22,902
|
1,059,218
| |
DexCom,
Inc. (a) |
29,343
|
3,142,342
| |
Insulet
Corp. (a) |
3,836
|
1,102,160
| |
Shockwave
Medical, Inc. (a) |
6,776
|
1,273,414
| |
7,017,311
| |||
Health
Care Providers & Services - 2.7% |
|||
agilon
health, Inc. (a) |
2,522
|
54,879
| |
Alignment
Healthcare, Inc. (a) |
7,344
|
90,698
| |
Cigna
Corp. |
1,977
|
626,057
| |
Elevance
Health, Inc. |
430
|
214,996
| |
Guardant
Health, Inc. (a) |
28,161
|
885,100
| |
Humana,
Inc. |
3,431
|
1,755,643
| |
LifeStance
Health Group, Inc. (a) |
90
|
475
| |
Surgery
Partners, Inc. (a) |
4,446
|
147,607
| |
UnitedHealth
Group, Inc. |
16,019
|
7,996,525
| |
Universal
Health Services, Inc. Class B |
1,095
|
162,290
| |
11,934,270
| |||
Health
Care Technology - 0.0% |
|||
Certara,
Inc. (a) |
3,981
|
77,231
| |
Life
Sciences Tools & Services - 0.8% |
|||
Danaher
Corp. |
7,139
|
1,887,409
| |
ICON
PLC (a) |
1,123
|
259,087
| |
Olink
Holding AB ADR (a) |
7,438
|
145,636
| |
Seer,
Inc. (a) |
778
|
3,540
| |
Thermo
Fisher Scientific, Inc. |
2,688
|
1,533,047
| |
3,828,719
| |||
Pharmaceuticals
- 3.0% |
|||
AstraZeneca
PLC sponsored ADR |
2,542
|
166,171
| |
Eli
Lilly & Co. |
20,945
|
7,208,222
| |
Novo
Nordisk A/S Series B sponsored ADR |
15,273
|
2,119,587
| |
Zoetis,
Inc. Class A |
23,574
|
3,901,261
| |
13,395,241
| |||
TOTAL HEALTH CARE |
42,175,933
| ||
INDUSTRIALS
- 1.7% |
|||
Aerospace
& Defense - 0.8% |
|||
General
Dynamics Corp. |
109
|
25,404
| |
Howmet
Aerospace, Inc. |
14,803
|
602,334
| |
L3Harris
Technologies, Inc. |
1,578
|
338,986
| |
Lockheed
Martin Corp. |
860
|
398,404
| |
Northrop
Grumman Corp. |
515
|
230,741
| |
The
Boeing Co. (a) |
9,797
|
2,086,761
| |
3,682,630
| |||
Air
Freight & Logistics - 0.0% |
|||
ZTO
Express, Inc. sponsored ADR |
5,898
|
168,152
| |
Airlines
- 0.1% |
|||
Delta
Air Lines, Inc. (a) |
4,822
|
188,540
| |
United
Airlines Holdings, Inc. (a) |
8,374
|
409,991
| |
598,531
| |||
Commercial
Services & Supplies - 0.1% |
|||
ACV
Auctions, Inc. Class A (a) |
38,673
|
378,995
| |
Electrical
Equipment - 0.4% |
|||
Acuity
Brands, Inc. |
8,325
|
1,569,429
| |
Machinery
- 0.1% |
|||
Deere
& Co. |
907
|
383,516
| |
Road
& Rail - 0.2% |
|||
Avis
Budget Group, Inc. (a) |
3,031
|
606,321
| |
Bird
Global, Inc. Class A (a) |
132,496
|
31,084
| |
Hertz
Global Holdings, Inc. (a) |
19,408
|
349,732
| |
987,137
| |||
TOTAL INDUSTRIALS |
7,768,390
| ||
INFORMATION
TECHNOLOGY - 39.4% |
|||
IT
Services - 2.8% |
|||
Block,
Inc. Class A (a) |
11,771
|
961,926
| |
MasterCard,
Inc. Class A |
17,678
|
6,551,467
| |
MongoDB,
Inc. Class A (a) |
2,140
|
458,409
| |
Okta,
Inc. (a) |
17,201
|
1,266,166
| |
PayPal
Holdings, Inc. (a) |
8,930
|
727,706
| |
Snowflake,
Inc. (a) |
2,868
|
448,670
| |
Twilio,
Inc. Class A (a) |
12,653
|
757,156
| |
Visa,
Inc. Class A |
6,695
|
1,541,256
| |
12,712,756
| |||
Semiconductors
& Semiconductor Equipment - 15.3% |
|||
Advanced
Micro Devices, Inc. (a) |
45,917
|
3,450,663
| |
ASML
Holding NV |
1,162
|
767,896
| |
Cirrus
Logic, Inc. (a) |
6,618
|
598,201
| |
Enphase
Energy, Inc. (a) |
2,393
|
529,762
| |
GlobalFoundries,
Inc. (a) |
53,089
|
3,147,116
| |
Lam
Research Corp. |
2,232
|
1,116,223
| |
Marvell
Technology, Inc. |
283,766
|
12,244,503
| |
Microchip
Technology, Inc. |
2,878
|
223,390
| |
Monolithic
Power Systems, Inc. |
2,601
|
1,109,483
| |
NVIDIA
Corp. |
150,087
|
29,322,497
| |
NXP
Semiconductors NV |
45,070
|
8,306,852
| |
onsemi
(a) |
46,589
|
3,421,962
| |
SolarEdge
Technologies, Inc. (a) |
1,162
|
370,829
| |
Taiwan
Semiconductor Manufacturing Co. Ltd. sponsored ADR |
22,240
|
2,062,315
| |
Teradyne,
Inc. |
17,297
|
1,759,105
| |
68,430,797
| |||
Software
- 11.3% |
|||
Bill.Com
Holdings, Inc. (a) |
6,223
|
719,503
| |
Datadog,
Inc. Class A (a) |
6,697
|
501,003
| |
HubSpot,
Inc. (a) |
5,623
|
1,951,237
| |
Intuit,
Inc. |
4,541
|
1,919,344
| |
Microsoft
Corp. |
154,095
|
38,186,282
| |
Paycom
Software, Inc. (a) |
2,246
|
727,569
| |
Salesforce.com,
Inc. (a) |
24,885
|
4,179,933
| |
ServiceNow,
Inc. (a) |
1,975
|
898,882
| |
Splunk,
Inc. (a) |
6,716
|
643,191
| |
Zoom
Video Communications, Inc. Class A (a) |
8,098
|
607,350
| |
50,334,294
| |||
Technology
Hardware, Storage & Peripherals - 10.0% |
|||
Apple,
Inc. |
308,451
|
44,506,389
| |
TOTAL INFORMATION TECHNOLOGY
|
175,984,236
| ||
MATERIALS
- 0.7% |
|||
Chemicals
- 0.0% |
|||
Linde
PLC |
641
|
212,133
| |
Metals
& Mining - 0.7% |
|||
Freeport-McMoRan,
Inc. |
67,619
|
3,017,160
| |
TOTAL MATERIALS |
3,229,293
| ||
REAL
ESTATE - 0.1% |
|||
Real
Estate Management & Development - 0.1% |
|||
WeWork,
Inc. (a) |
149,629
|
237,910
| |
TOTAL
COMMON STOCKS
(Cost
$464,210,625) |
441,933,936
| ||
TOTAL
INVESTMENT IN SECURITIES - 98.9%
(Cost
$464,210,625)
|
441,933,936
|
NET
OTHER ASSETS (LIABILITIES) - 1.1%
|
4,929,984
|
NET
ASSETS - 100.0% |
446,863,920
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
56,684,958
|
56,684,958
|
-
|
-
|
Consumer
Discretionary |
126,273,333
|
126,273,333
|
-
|
-
|
Consumer
Staples |
5,576,297
|
5,576,297
|
-
|
-
|
Energy
|
19,540,730
|
19,540,730
|
-
|
-
|
Financials
|
4,462,856
|
4,462,856
|
-
|
-
|
Health
Care |
42,175,933
|
42,175,933
|
-
|
-
|
Industrials
|
7,768,390
|
7,768,390
|
-
|
-
|
Information
Technology |
175,984,236
|
175,984,236
|
-
|
-
|
Materials
|
3,229,293
|
3,229,293
|
-
|
-
|
Real
Estate |
237,910
|
237,910
|
-
|
-
|
Total Investments in Securities: |
441,933,936
|
441,933,936
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$464,210,625):
|
$
|
441,933,936
| ||
Cash
|
5,009,254
| |||
Foreign
currency held at value (cost $160) |
162
| |||
Receivable
for investments sold |
2,937,439
| |||
Receivable
for fund shares sold |
1,171,022
| |||
Dividends
receivable |
85,667
| |||
Total
assets |
451,137,480
| |||
Liabilities
|
||||
Payable
for investments purchased |
$
|
3,473,074
|
||
Payable
for fund shares redeemed |
596,610
|
|||
Accrued
management fee |
203,876
|
|||
Total Liabilities
|
4,273,560
| |||
Net
Assets |
$
|
446,863,920
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
540,438,567
| ||
Total
accumulated earnings (loss) |
(93,574,647)
| |||
Net
Assets |
$
|
446,863,920
| ||
Net
Asset Value ,
offering price and redemption price per share ($446,863,920 ÷ 18,725,000
shares) |
$
|
23.86
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
1,238,464
| ||
Expenses
|
||||
Management
fee |
$
|
1,111,756
|
||
Independent
trustees' fees and expenses |
635
|
|||
Total Expenses |
1,112,391
| |||
Net
Investment income (loss) |
126,073
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
1,049,630
|
|||
Unaffiliated issuers |
(19,353,567)
|
|||
Foreign currency transactions |
(490)
|
|||
Futures contracts |
(12,776)
|
|||
Total
net realized gain (loss) |
(18,317,203)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
7,276,883
|
|||
Assets and liabilities in foreign currencies
|
(724)
|
|||
Total
change in net unrealized appreciation (depreciation) |
7,276,159
| |||
Net
gain (loss) |
(11,041,044)
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
(10,914,971)
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
126,073
|
$
|
(699,043)
|
Net
realized gain (loss) |
(18,317,203)
|
(25,007,726)
| ||
Change
in net unrealized appreciation (depreciation) |
7,276,159
|
(94,362,764)
| ||
Net
increase (decrease) in net assets resulting from operations
|
(10,914,971)
|
(120,069,533)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
102,722,328
|
209,141,668
| ||
Cost
of shares redeemed |
(8,340,375)
|
(132,864,696)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
94,381,953
|
76,276,972
| ||
Total
increase (decrease) in net assets |
83,466,982
|
(43,792,561)
| ||
Net
Assets |
||||
Beginning
of period |
363,396,938
|
407,189,499
| ||
End
of period |
$
|
446,863,920
|
$
|
363,396,938
|
Other
Information |
||||
Shares
|
||||
Sold
|
4,525,000
|
6,575,000
| ||
Redeemed
|
(375,000)
|
(4,425,000)
| ||
Net
increase (decrease) |
4,150,000
|
2,150,000
| ||
Fidelity®
Blue Chip Growth ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
|
2020
A
| |||||
Selected Per-Share
Data
|
||||||||
Net asset value, beginning
of period |
$
|
24.93
|
$
|
32.77
|
$
|
22.74
|
$
|
20.00
|
Income from Investment
Operations |
||||||||
Net investment income (loss) B,C
|
.01
|
(.05)
|
(.08)
|
(.01)
| ||||
Net realized and unrealized gain (loss)
|
(1.08)
|
(7.79)
|
10.11
|
2.75
| ||||
Total from investment
operations |
(1.07)
|
(7.84)
|
10.03
|
2.74
| ||||
Distributions from net
investment income |
-
|
-
|
-
D
|
-
| ||||
Net asset value, end of
period |
$
|
23.86
|
$
|
24.93
|
$
|
32.77
|
$
|
22.74
|
Total Return
E,F
|
(4.28)%
|
(23.92)%
|
44.14%
|
13.68%
| ||||
Ratios to Average Net Assets C,G,H
|
||||||||
Expenses before reductions
|
.59%
I
|
.59%
|
.59%
|
.59%
I
| ||||
Expenses net of fee
waivers, if any |
.59%
I
|
.59%
|
.59%
|
.59%
I
| ||||
Expenses net of all
reductions |
.59%
I
|
.59%
|
.59%
|
.59%
I
| ||||
Net investment income
(loss) |
.07%
I
|
(.17)%
|
(.27)%
|
(.34)%
I
| ||||
Supplemental Data |
||||||||
Net assets, end of period
(000 omitted) |
$
|
446,864
|
$
|
363,397
|
$
|
407,189
|
$
|
41,494
|
Portfolio turnover rate
J,K
|
39%
I
|
57%
|
63%
|
11%
L
|
Top
Holdings (% of Fund's net
assets) | ||
Exxon
Mobil Corp. |
5.3
|
|
Berkshire
Hathaway, Inc. Class B |
5.1
|
|
Comcast
Corp. Class A |
3.0
|
|
Cigna
Corp. |
2.9
|
|
JPMorgan
Chase & Co. |
2.8
|
|
Bristol-Myers
Squibb Co. |
2.6
|
|
Centene
Corp. |
2.5
|
|
UnitedHealth
Group, Inc. |
2.4
|
|
Bank
of America Corp. |
2.2
|
|
Alphabet,
Inc. Class A |
2.1
|
|
30.9
|
||
Market
Sectors (% of Fund's net assets) | ||
Financials
|
22.7
|
|
Health
Care |
19.6
|
|
Utilities
|
9.4
|
|
Energy
|
9.0
|
|
Industrials
|
8.7
|
|
Information
Technology |
7.9
|
|
Consumer
Staples |
7.2
|
|
Communication
Services |
6.6
|
|
Consumer
Discretionary |
4.4
|
|
Materials
|
2.7
|
|
Real
Estate |
0.7
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 10.8%
|
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 98.9% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 6.6% |
|||
Entertainment
- 1.5% |
|||
Activision
Blizzard, Inc. |
28,933
|
2,215,400
| |
Interactive
Media & Services - 2.1% |
|||
Alphabet,
Inc. Class A (a) |
30,543
|
3,018,870
| |
Media
- 3.0% |
|||
Comcast
Corp. Class A |
109,725
|
4,317,679
| |
TOTAL COMMUNICATION SERVICES
|
9,551,949
| ||
CONSUMER
DISCRETIONARY - 4.4% |
|||
Diversified
Consumer Services - 1.5% |
|||
H&R
Block, Inc. |
54,629
|
2,129,438
| |
Internet
& Direct Marketing Retail - 0.5% |
|||
eBay,
Inc. |
14,398
|
712,701
| |
Multiline
Retail - 1.4% |
|||
Dollar
General Corp. |
8,877
|
2,073,667
| |
Specialty
Retail - 1.0% |
|||
Ross
Stores, Inc. |
12,111
|
1,431,399
| |
TOTAL CONSUMER DISCRETIONARY
|
6,347,205
| ||
CONSUMER
STAPLES - 7.2% |
|||
Beverages
- 0.7% |
|||
Coca-Cola
European Partners PLC |
18,171
|
1,021,574
| |
Food
& Staples Retailing - 0.8% |
|||
U.S.
Foods Holding Corp. (a) |
31,016
|
1,182,640
| |
Food
Products - 2.7% |
|||
Mondelez
International, Inc. |
42,602
|
2,787,875
| |
Tyson
Foods, Inc. Class A |
16,792
|
1,104,074
| |
3,891,949
| |||
Household
Products - 2.7% |
|||
Procter
& Gamble Co. |
14,154
|
2,015,247
| |
Spectrum
Brands Holdings, Inc. |
13,920
|
944,890
| |
The
Clorox Co. |
5,611
|
811,856
| |
3,771,993
| |||
Personal
Products - 0.3% |
|||
Unilever
PLC sponsored ADR |
9,049
|
462,404
| |
TOTAL CONSUMER STAPLES |
10,330,560
| ||
ENERGY
- 9.0% |
|||
Oil,
Gas & Consumable Fuels - 9.0% |
|||
ConocoPhillips
Co. |
18,248
|
2,223,884
| |
Equinor
ASA sponsored ADR |
31,220
|
950,025
| |
Exxon
Mobil Corp. |
65,608
|
7,611,181
| |
Occidental
Petroleum Corp. |
20,121
|
1,303,640
| |
Ovintiv,
Inc. |
16,104
|
792,800
| |
12,881,530
| |||
FINANCIALS
- 22.7% |
|||
Banks
- 9.1% |
|||
Bank
of America Corp. |
88,952
|
3,156,017
| |
Cullen/Frost
Bankers, Inc. |
2,928
|
381,460
| |
JPMorgan
Chase & Co. |
29,208
|
4,087,952
| |
M&T
Bank Corp. |
10,329
|
1,611,324
| |
PNC
Financial Services Group, Inc. |
11,037
|
1,825,851
| |
Wells
Fargo & Co. |
44,189
|
2,071,138
| |
13,133,742
| |||
Capital
Markets - 3.6% |
|||
Affiliated
Managers Group, Inc. |
6,472
|
1,117,973
| |
BlackRock,
Inc. Class A |
3,639
|
2,762,765
| |
Invesco
Ltd. |
16,369
|
302,990
| |
Northern
Trust Corp. |
9,430
|
914,427
| |
5,098,155
| |||
Diversified
Financial Services - 5.1% |
|||
Berkshire
Hathaway, Inc. Class B (a) |
23,500
|
7,320,720
| |
Insurance
- 4.6% |
|||
Chubb
Ltd. |
10,718
|
2,438,238
| |
The
Travelers Companies, Inc. |
10,488
|
2,004,467
| |
Willis
Towers Watson PLC |
8,750
|
2,224,163
| |
6,666,868
| |||
Mortgage
Real Estate Investment Trusts - 0.3% |
|||
AGNC
Investment Corp. |
16,337
|
189,509
| |
Annaly
Capital Management, Inc. |
8,058
|
189,121
| |
378,630
| |||
TOTAL FINANCIALS |
32,598,115
| ||
HEALTH
CARE - 19.6% |
|||
Biotechnology
- 3.0% |
|||
Regeneron
Pharmaceuticals, Inc. (a) |
2,747
|
2,083,517
| |
Vertex
Pharmaceuticals, Inc. (a) |
7,054
|
2,279,147
| |
4,362,664
| |||
Health
Care Providers & Services - 10.9% |
|||
Centene
Corp. (a) |
46,228
|
3,524,423
| |
Cigna
Corp. |
13,201
|
4,180,361
| |
Elevance
Health, Inc. |
4,682
|
2,340,953
| |
Humana,
Inc. |
4,234
|
2,166,538
| |
UnitedHealth
Group, Inc. |
6,926
|
3,457,390
| |
15,669,665
| |||
Pharmaceuticals
- 5.7% |
|||
AstraZeneca
PLC sponsored ADR |
32,001
|
2,091,905
| |
Bristol-Myers
Squibb Co. |
51,715
|
3,757,095
| |
Sanofi
SA sponsored ADR |
47,645
|
2,341,275
| |
8,190,275
| |||
TOTAL HEALTH CARE |
28,222,604
| ||
INDUSTRIALS
- 8.7% |
|||
Aerospace
& Defense - 4.8% |
|||
L3Harris
Technologies, Inc. |
6,123
|
1,315,343
| |
Lockheed
Martin Corp. |
3,170
|
1,468,534
| |
Northrop
Grumman Corp. |
4,914
|
2,201,669
| |
The
Boeing Co. (a) |
8,981
|
1,912,953
| |
6,898,499
| |||
Electrical
Equipment - 1.2% |
|||
Eaton
Corp. PLC |
1,942
|
315,012
| |
Regal
Rexnord Corp. |
9,945
|
1,384,344
| |
1,699,356
| |||
Machinery
- 2.7% |
|||
Crane
Holdings Co. |
2,046
|
237,152
| |
ITT,
Inc. |
5,503
|
504,020
| |
Oshkosh
Corp. |
15,428
|
1,554,834
| |
Parker
Hannifin Corp. |
997
|
325,022
| |
Pentair
PLC |
17,417
|
964,553
| |
Stanley
Black & Decker, Inc. |
4,523
|
403,949
| |
3,989,530
| |||
TOTAL INDUSTRIALS |
12,587,385
| ||
INFORMATION
TECHNOLOGY - 7.9% |
|||
Communications
Equipment - 1.6% |
|||
Cisco
Systems, Inc. |
46,227
|
2,249,868
| |
Electronic
Equipment & Components - 0.5% |
|||
TE
Connectivity Ltd. |
5,787
|
735,817
| |
IT
Services - 2.9% |
|||
Amdocs
Ltd. |
17,185
|
1,579,817
| |
Cognizant
Technology Solutions Corp. Class A |
26,698
|
1,782,092
| |
Maximus,
Inc. |
11,218
|
839,667
| |
4,201,576
| |||
Semiconductors
& Semiconductor Equipment - 1.4% |
|||
Broadcom,
Inc. |
514
|
300,695
| |
Micron
Technology, Inc. |
17,855
|
1,076,657
| |
NXP
Semiconductors NV |
3,300
|
608,223
| |
1,985,575
| |||
Software
- 1.5% |
|||
Aspen
Technology, Inc. (a) |
2,316
|
460,305
| |
Gen
Digital, Inc. |
52,720
|
1,213,087
| |
Open
Text Corp. |
16,362
|
548,945
| |
2,222,337
| |||
TOTAL INFORMATION TECHNOLOGY
|
11,395,173
| ||
MATERIALS
- 2.7% |
|||
Chemicals
- 2.3% |
|||
DuPont
de Nemours, Inc. |
32,539
|
2,406,259
| |
International
Flavors & Fragrances, Inc. |
8,083
|
909,014
| |
3,315,273
| |||
Metals
& Mining - 0.4% |
|||
Newmont
Corp. |
9,594
|
507,810
| |
TOTAL MATERIALS |
3,823,083
| ||
REAL
ESTATE - 0.7% |
|||
Real
Estate Management & Development - 0.7% |
|||
CBRE
Group, Inc. (a) |
11,098
|
948,990
| |
UTILITIES
- 9.4% |
|||
Electric
Utilities - 7.6% |
|||
Constellation
Energy Corp. |
22,599
|
1,929,051
| |
Duke
Energy Corp. |
5,675
|
581,404
| |
Edison
International |
4,601
|
317,009
| |
Evergy,
Inc. |
24,934
|
1,562,115
| |
Exelon
Corp. |
12,506
|
527,628
| |
NextEra
Energy, Inc. |
13,938
|
1,040,193
| |
PG&E
Corp. (a) |
163,935
|
2,606,567
| |
Portland
General Electric Co. |
16,845
|
801,485
| |
Southern
Co. |
23,401
|
1,583,780
| |
10,949,232
| |||
Independent
Power and Renewable Electricity Producers - 0.6% |
|||
The
AES Corp. |
34,603
|
948,468
| |
Multi-Utilities
- 1.2% |
|||
Dominion
Energy, Inc. |
26,269
|
1,671,759
| |
TOTAL UTILITIES |
13,569,459
| ||
TOTAL
COMMON STOCKS
(Cost
$127,433,100) |
142,256,053
| ||
TOTAL
INVESTMENT IN SECURITIES - 98.9%
(Cost
$127,433,100)
|
142,256,053
|
NET
OTHER ASSETS (LIABILITIES) - 1.1%
|
1,518,489
|
NET
ASSETS - 100.0% |
143,774,542
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
9,551,949
|
9,551,949
|
-
|
-
|
Consumer
Discretionary |
6,347,205
|
6,347,205
|
-
|
-
|
Consumer
Staples |
10,330,560
|
10,330,560
|
-
|
-
|
Energy
|
12,881,530
|
12,881,530
|
-
|
-
|
Financials
|
32,598,115
|
32,598,115
|
-
|
-
|
Health
Care |
28,222,604
|
28,222,604
|
-
|
-
|
Industrials
|
12,587,385
|
12,587,385
|
-
|
-
|
Information
Technology |
11,395,173
|
11,395,173
|
-
|
-
|
Materials
|
3,823,083
|
3,823,083
|
-
|
-
|
Real
Estate |
948,990
|
948,990
|
-
|
-
|
Utilities
|
13,569,459
|
13,569,459
|
-
|
-
|
Total Investments in Securities: |
142,256,053
|
142,256,053
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$127,433,100):
|
$
|
142,256,053
| ||
Cash
|
1,389,882
| |||
Receivable
for investments sold |
306,194
| |||
Dividends
receivable |
76,701
| |||
Total
assets |
144,028,830
| |||
Liabilities
|
||||
Payable
for investments purchased |
$
|
186,170
|
||
Accrued
management fee |
68,118
|
|||
Total Liabilities
|
254,288
| |||
Net
Assets |
$
|
143,774,542
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
131,368,135
| ||
Total
accumulated earnings (loss) |
12,406,407
| |||
Net
Assets |
$
|
143,774,542
| ||
Net
Asset Value ,
offering price and redemption price per share ($143,774,542 ÷ 4,975,000
shares) |
$
|
28.90
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
1,199,709
| ||
Expenses
|
||||
Management
fee |
$
|
362,425
|
||
Independent
trustees' fees and expenses |
206
|
|||
Total Expenses |
362,631
| |||
Net
Investment income (loss) |
837,078
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
767,268
|
|||
Unaffiliated issuers |
(1,770,279)
|
|||
Futures contracts |
(4,693)
|
|||
Total
net realized gain (loss) |
(1,007,704)
| |||
Change
in net unrealized appreciation (depreciation) on investment securities
|
5,640,652
| |||
Net
gain (loss) |
4,632,948
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
5,470,026
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
837,078
|
$
|
1,429,112
|
Net
realized gain (loss) |
(1,007,704)
|
1,521,586
| ||
Change
in net unrealized appreciation (depreciation) |
5,640,652
|
(2,033,797)
| ||
Net
increase (decrease) in net assets resulting from operations
|
5,470,026
|
916,901
| ||
Distributions
to shareholders |
(1,746,850)
|
(3,452,325)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
30,071,206
|
25,101,299
| ||
Cost
of shares redeemed |
(4,195,268)
|
(2,855,376)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
25,875,938
|
22,245,923
| ||
Total
increase (decrease) in net assets |
29,599,114
|
19,710,499
| ||
Net
Assets |
||||
Beginning
of period |
114,175,428
|
94,464,929
| ||
End
of period |
$
|
143,774,542
|
$
|
114,175,428
|
Other
Information |
||||
Shares
|
||||
Sold
|
1,050,000
|
875,000
| ||
Redeemed
|
(150,000)
|
(100,000)
| ||
Net
increase (decrease) |
900,000
|
775,000
| ||
Fidelity®
Blue Chip Value ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
|
2020
A
| |||||
Selected Per-Share
Data
|
||||||||
Net asset value, beginning
of period |
$
|
28.02
|
$
|
28.63
|
$
|
20.23
|
$
|
20.00
|
Income from Investment
Operations |
||||||||
Net investment income (loss) B,C
|
.19
|
.39
|
.32
|
.03
| ||||
Net realized and unrealized gain (loss)
|
1.06
|
(.03)
|
8.32
|
.21
| ||||
Total from investment
operations |
1.25
|
.36
|
8.64
|
.24
| ||||
Distributions from net
investment income |
(.19)
|
(.39)
|
(.24)
|
(.01)
| ||||
Distributions from net
realized gain |
(.19)
|
(.58)
|
-
|
-
| ||||
Total distributions |
(.37)
D
|
(.97)
|
(.24)
|
(.01)
| ||||
Net asset value, end of
period |
$
|
28.90
|
$
|
28.02
|
$
|
28.63
|
$
|
20.23
|
Total Return
E,F
|
4.54%
|
1.27%
|
42.83%
|
1.23%
| ||||
Ratios to Average Net Assets C,G,H
|
||||||||
Expenses before reductions
|
.59%
I
|
.59%
|
.59%
|
.59%
I
| ||||
Expenses net of fee
waivers, if any |
.59%
I
|
.59%
|
.59%
|
.59%
I
| ||||
Expenses net of all
reductions |
.59%
I
|
.59%
|
.58%
|
.59%
I
| ||||
Net investment income
(loss) |
1.37%
I
|
1.36%
|
1.22%
|
1.02%
I
| ||||
Supplemental Data |
||||||||
Net assets, end of period
(000 omitted) |
$
|
143,775
|
$
|
114,175
|
$
|
94,465
|
$
|
8,093
|
Portfolio turnover rate
J,K
|
26%
I
|
54%
|
97%
|
20%
L
|
Top
Holdings (% of Fund's net
assets) | ||
Microsoft
Corp. |
8.0
|
|
Amazon.com,
Inc. |
4.5
|
|
NVIDIA
Corp. |
4.3
|
|
Alphabet,
Inc. Class C |
4.2
|
|
T-Mobile
U.S., Inc. |
4.2
|
|
Apple,
Inc. |
3.2
|
|
Alphabet,
Inc. Class A |
2.7
|
|
Uber
Technologies, Inc. |
2.7
|
|
Antero
Resources Corp. |
2.4
|
|
Advanced
Micro Devices, Inc. |
2.3
|
|
38.5
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
43.9
|
|
Communication
Services |
16.1
|
|
Health
Care |
12.0
|
|
Consumer
Discretionary |
11.2
|
|
Energy
|
9.4
|
|
Financials
|
1.8
|
|
Industrials
|
1.6
|
|
Materials
|
1.4
|
|
Utilities
|
1.2
|
|
Consumer
Staples |
0.3
|
|
Real
Estate |
0.0
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 10.4%
|
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 98.9% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 16.1% |
|||
Entertainment
- 1.5% |
|||
Netflix,
Inc. (a) |
803
|
284,150
| |
Roku,
Inc. Class A (a) |
10,085
|
579,888
| |
Sea
Ltd. ADR (a) |
9,569
|
616,722
| |
1,480,760
| |||
Interactive
Media & Services - 9.3% |
|||
Alphabet,
Inc.: |
|||
Class A (a) |
26,516
|
2,620,841
| |
Class C (a) |
40,907
|
4,085,382
| |
Meta
Platforms, Inc. Class A (a) |
9,949
|
1,482,103
| |
Snap,
Inc. Class A (a) |
16,923
|
195,630
| |
Zoominfo
Technologies, Inc. (a) |
19,259
|
543,682
| |
8,927,638
| |||
Media
- 1.1% |
|||
Magnite,
Inc. (a) |
36,006
|
434,952
| |
TechTarget,
Inc. (a) |
7,849
|
388,761
| |
The
Trade Desk, Inc. (a) |
5,553
|
281,537
| |
1,105,250
| |||
Wireless
Telecommunication Services - 4.2% |
|||
T-Mobile
U.S., Inc. (a) |
27,029
|
4,035,700
| |
TOTAL COMMUNICATION SERVICES
|
15,549,348
| ||
CONSUMER
DISCRETIONARY - 11.2% |
|||
Auto
Components - 0.2% |
|||
Aptiv
PLC (a) |
933
|
105,513
| |
Mobileye
Global, Inc. |
1,250
|
48,250
| |
153,763
| |||
Automobiles
- 2.0% |
|||
Rivian
Automotive, Inc. (a) |
1,648
|
31,971
| |
Tesla,
Inc. (a) |
10,847
|
1,878,917
| |
1,910,888
| |||
Internet
& Direct Marketing Retail - 8.8% |
|||
Amazon.com,
Inc. (a) |
42,497
|
4,382,716
| |
Cazoo
Group Ltd. Class A (a) |
51,557
|
10,853
| |
Chewy,
Inc. (a) |
687
|
30,956
| |
Doordash,
Inc. (a) |
8,054
|
466,488
| |
Global-e
Online Ltd. (a) |
16,285
|
488,061
| |
Lyft,
Inc. (a) |
29,119
|
473,184
| |
Uber
Technologies, Inc. (a) |
82,976
|
2,566,448
| |
Wayfair
LLC Class A (a) |
860
|
52,030
| |
8,470,736
| |||
Specialty
Retail - 0.1% |
|||
Carvana
Co. Class A (a) |
10,997
|
111,839
| |
Textiles,
Apparel & Luxury Goods - 0.1% |
|||
lululemon
athletica, Inc. (a) |
411
|
126,128
| |
TOTAL CONSUMER DISCRETIONARY
|
10,773,354
| ||
CONSUMER
STAPLES - 0.3% |
|||
Beverages
- 0.2% |
|||
Boston
Beer Co., Inc. Class A (a) |
426
|
165,548
| |
Food
Products - 0.0% |
|||
Local
Bounti Corp. (a) |
28,972
|
27,807
| |
Personal
Products - 0.1% |
|||
Olaplex
Holdings, Inc. (a) |
12,051
|
76,042
| |
TOTAL CONSUMER STAPLES |
269,397
| ||
ENERGY
- 9.4% |
|||
Oil,
Gas & Consumable Fuels - 9.4% |
|||
Antero
Resources Corp. (a) |
81,441
|
2,348,758
| |
Canadian
Natural Resources Ltd. |
18,067
|
1,108,964
| |
Cenovus
Energy, Inc. (Canada) |
41,834
|
835,705
| |
Cheniere
Energy, Inc. |
734
|
112,148
| |
Exxon
Mobil Corp. |
13,066
|
1,515,787
| |
Hess
Corp. |
9,819
|
1,474,421
| |
Imperial
Oil Ltd. |
2,847
|
155,600
| |
Ovintiv,
Inc. |
18,497
|
910,607
| |
Range
Resources Corp. |
1,538
|
38,481
| |
Tourmaline
Oil Corp. |
11,640
|
542,480
| |
9,042,951
| |||
FINANCIALS
- 1.8% |
|||
Banks
- 1.4% |
|||
Wells
Fargo & Co. |
29,214
|
1,369,260
| |
Capital
Markets - 0.4% |
|||
LPL
Financial |
1,528
|
362,319
| |
TOTAL FINANCIALS |
1,731,579
| ||
HEALTH
CARE - 12.0% |
|||
Biotechnology
- 2.4% |
|||
Agios
Pharmaceuticals, Inc. (a) |
5,786
|
170,571
| |
Alnylam
Pharmaceuticals, Inc. (a) |
1,246
|
282,094
| |
ALX
Oncology Holdings, Inc. (a) |
2,108
|
19,604
| |
Argenx
SE ADR (a) |
866
|
331,029
| |
Ascendis
Pharma A/S sponsored ADR (a) |
67
|
8,313
| |
Blueprint
Medicines Corp. (a) |
467
|
21,828
| |
Celldex
Therapeutics, Inc. (a) |
2,484
|
109,445
| |
Cytokinetics,
Inc. (a) |
7,080
|
300,758
| |
Erasca,
Inc. (a) |
3,193
|
12,772
| |
Exelixis,
Inc. (a) |
10,363
|
182,596
| |
Icosavax,
Inc. (a) |
9,432
|
99,508
| |
Instil
Bio, Inc. (a) |
2,376
|
1,934
| |
Keros
Therapeutics, Inc. (a) |
1,815
|
106,305
| |
Monte
Rosa Therapeutics, Inc. (a) |
949
|
7,023
| |
Morphic
Holding, Inc. (a) |
661
|
21,635
| |
Nuvalent,
Inc. Class A (a) |
1,032
|
31,218
| |
Tenaya
Therapeutics, Inc. (a) |
1,423
|
4,867
| |
TG
Therapeutics, Inc. (a) |
1,967
|
29,957
| |
Vaxcyte,
Inc. (a) |
8,158
|
369,965
| |
Verve
Therapeutics, Inc. (a) |
1,905
|
43,339
| |
Zentalis
Pharmaceuticals, Inc. (a) |
4,994
|
117,858
| |
2,272,619
| |||
Health
Care Equipment & Supplies - 2.3% |
|||
Boston
Scientific Corp. (a) |
24,701
|
1,142,421
| |
Insulet
Corp. (a) |
700
|
201,124
| |
Penumbra,
Inc. (a) |
1,489
|
372,860
| |
TransMedics
Group, Inc. (a) |
8,009
|
504,727
| |
2,221,132
| |||
Health
Care Providers & Services - 6.5% |
|||
agilon
health, Inc. (a) |
36,649
|
797,482
| |
Alignment
Healthcare, Inc. (a) |
1,333
|
16,463
| |
Centene
Corp. (a) |
14,388
|
1,096,941
| |
Guardant
Health, Inc. (a) |
5,435
|
170,822
| |
Humana,
Inc. |
2,614
|
1,337,584
| |
Oak
Street Health, Inc. (a) |
28,598
|
831,058
| |
UnitedHealth
Group, Inc. |
4,055
|
2,024,215
| |
6,274,565
| |||
Life
Sciences Tools & Services - 0.7% |
|||
Danaher
Corp. |
1,656
|
437,813
| |
Thermo
Fisher Scientific, Inc. |
428
|
244,101
| |
681,914
| |||
Pharmaceuticals
- 0.1% |
|||
Arvinas
Holding Co. LLC (a) |
2,011
|
65,900
| |
Eli
Lilly & Co. |
239
|
82,252
| |
148,152
| |||
TOTAL HEALTH CARE |
11,598,382
| ||
INDUSTRIALS
- 1.6% |
|||
Aerospace
& Defense - 1.5% |
|||
Lockheed
Martin Corp. |
1,075
|
498,005
| |
Northrop
Grumman Corp. |
763
|
341,855
| |
The
Boeing Co. (a) |
2,756
|
587,028
| |
1,426,888
| |||
Commercial
Services & Supplies - 0.1% |
|||
ACV
Auctions, Inc. Class A (a) |
15,831
|
155,144
| |
TOTAL INDUSTRIALS |
1,582,032
| ||
INFORMATION
TECHNOLOGY - 43.9% |
|||
Communications
Equipment - 0.1% |
|||
Lumentum
Holdings, Inc. (a) |
996
|
59,939
| |
Electronic
Equipment & Components - 1.8% |
|||
Coherent
Corp. (a) |
689
|
29,903
| |
Flex
Ltd. (a) |
44,916
|
1,048,789
| |
Jabil,
Inc. |
7,963
|
626,131
| |
1,704,823
| |||
IT
Services - 9.8% |
|||
Block,
Inc. Class A (a) |
7,860
|
642,319
| |
Cloudflare,
Inc. (a) |
5,023
|
265,767
| |
Dlocal
Ltd. (a) |
20,798
|
345,039
| |
EPAM
Systems, Inc. (a) |
2,005
|
666,963
| |
Flywire
Corp. (a) |
6,585
|
177,597
| |
Globant
SA (a) |
652
|
105,741
| |
GoDaddy,
Inc. (a) |
12,304
|
1,010,528
| |
Marqeta,
Inc. Class A (a) |
50,576
|
335,319
| |
MasterCard,
Inc. Class A |
3,714
|
1,376,408
| |
MongoDB,
Inc. Class A (a) |
4,512
|
966,516
| |
Nuvei
Corp. (a)(b) |
15,314
|
541,044
| |
Nuvei
Corp. (Canada) (a)(b) |
4,297
|
151,689
| |
Okta,
Inc. (a) |
806
|
59,330
| |
Payoneer
Global, Inc. (a) |
6,454
|
38,466
| |
Repay
Holdings Corp. (a) |
36,046
|
351,088
| |
Shift4
Payments, Inc. (a) |
8,944
|
572,774
| |
Shopify,
Inc. Class A (a) |
1,386
|
68,288
| |
Snowflake,
Inc. (a) |
126
|
19,711
| |
TaskUs,
Inc. (a) |
7,002
|
130,587
| |
Visa,
Inc. Class A |
7,248
|
1,668,562
| |
9,493,736
| |||
Semiconductors
& Semiconductor Equipment - 14.4% |
|||
Advanced
Micro Devices, Inc. (a) |
29,343
|
2,205,126
| |
Applied
Materials, Inc. |
7,867
|
877,092
| |
GlobalFoundries,
Inc. (a) |
26,603
|
1,577,026
| |
Lam
Research Corp. |
1,343
|
671,634
| |
Marvell
Technology, Inc. |
16,043
|
692,255
| |
Microchip
Technology, Inc. |
756
|
58,681
| |
NVIDIA
Corp. |
21,341
|
4,169,391
| |
NXP
Semiconductors NV |
8,226
|
1,516,134
| |
onsemi
(a) |
25,192
|
1,850,352
| |
Rambus,
Inc. (a) |
1,697
|
68,678
| |
Taiwan
Semiconductor Manufacturing Co. Ltd. sponsored ADR |
2,516
|
233,309
| |
13,919,678
| |||
Software
- 14.5% |
|||
Adobe,
Inc. (a) |
160
|
59,254
| |
Bill.Com
Holdings, Inc. (a) |
3,991
|
461,439
| |
Confluent,
Inc. (a) |
8,054
|
186,047
| |
Datadog,
Inc. Class A (a) |
6,276
|
469,508
| |
DoubleVerify
Holdings, Inc. (a) |
14,238
|
387,131
| |
Dynatrace,
Inc. (a) |
24,747
|
951,027
| |
Elastic
NV (a) |
6,667
|
392,286
| |
Five9,
Inc. (a) |
4,530
|
356,873
| |
HubSpot,
Inc. (a) |
1,232
|
427,516
| |
Intapp,
Inc. (a) |
12,459
|
361,062
| |
Intuit,
Inc. |
1,373
|
580,326
| |
Microsoft
Corp. |
31,224
|
7,737,622
| |
NICE
Ltd. sponsored ADR (a) |
142
|
29,455
| |
Oracle
Corp. |
4,871
|
430,889
| |
Salesforce.com,
Inc. (a) |
2,112
|
354,753
| |
SentinelOne,
Inc. (a) |
2,794
|
42,161
| |
ServiceNow,
Inc. (a) |
1,456
|
662,669
| |
Viant
Technology, Inc. (a) |
7,032
|
31,925
| |
Zscaler,
Inc. (a) |
296
|
36,751
| |
13,958,694
| |||
Technology
Hardware, Storage & Peripherals - 3.3% |
|||
Apple,
Inc. |
21,547
|
3,109,017
| |
Pure
Storage, Inc. Class A (a) |
3,745
|
108,380
| |
3,217,397
| |||
TOTAL INFORMATION TECHNOLOGY
|
42,354,267
| ||
MATERIALS
- 1.4% |
|||
Chemicals
- 0.8% |
|||
CF
Industries Holdings, Inc. |
3,066
|
259,690
| |
Nutrien
Ltd. |
6,332
|
524,226
| |
783,916
| |||
Metals
& Mining - 0.6% |
|||
Alcoa
Corp. |
3,740
|
195,378
| |
ArcelorMittal
SA Class A unit GDR |
6,430
|
198,944
| |
Freeport-McMoRan,
Inc. |
2,460
|
109,765
| |
MP
Materials Corp. (a) |
1,519
|
49,383
| |
553,470
| |||
TOTAL MATERIALS |
1,337,386
| ||
REAL
ESTATE - 0.0% |
|||
Real
Estate Management & Development - 0.0% |
|||
WeWork,
Inc. (a) |
31,323
|
49,804
| |
UTILITIES
- 1.2% |
|||
Electric
Utilities - 1.2% |
|||
Constellation
Energy Corp. |
4,725
|
403,326
| |
NextEra
Energy, Inc. |
396
|
29,553
| |
PG&E
Corp. (a) |
46,222
|
734,930
| |
1,167,809
| |||
TOTAL
COMMON STOCKS
(Cost
$92,813,541) |
95,456,309
| ||
TOTAL
INVESTMENT IN SECURITIES - 98.9%
(Cost
$92,813,541)
|
95,456,309
|
NET
OTHER ASSETS (LIABILITIES) - 1.1%
|
1,093,433
|
NET
ASSETS - 100.0% |
96,549,742
|
(a)
|
Non-income
producing
|
(b)
|
Security
exempt from registration under Rule 144A of the Securities Act of
1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At the end of
the period, the value of these securities amounted to $692,733 or 0.7% of
net assets.
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
15,549,348
|
15,549,348
|
-
|
-
|
Consumer
Discretionary |
10,773,354
|
10,773,354
|
-
|
-
|
Consumer
Staples |
269,397
|
269,397
|
-
|
-
|
Energy
|
9,042,951
|
9,042,951
|
-
|
-
|
Financials
|
1,731,579
|
1,731,579
|
-
|
-
|
Health
Care |
11,598,382
|
11,598,382
|
-
|
-
|
Industrials
|
1,582,032
|
1,582,032
|
-
|
-
|
Information
Technology |
42,354,267
|
42,354,267
|
-
|
-
|
Materials
|
1,337,386
|
1,337,386
|
-
|
-
|
Real
Estate |
49,804
|
49,804
|
-
|
-
|
Utilities
|
1,167,809
|
1,167,809
|
-
|
-
|
Total Investments in Securities: |
95,456,309
|
95,456,309
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$92,813,541):
|
$
|
95,456,309
| ||
Cash
|
1,075,505
| |||
Receivable
for investments sold |
765,964
| |||
Dividends
receivable |
17,220
| |||
Total
assets |
97,314,998
| |||
Liabilities
|
||||
Payable
for investments purchased |
$
|
725,636
|
||
Accrued
management fee |
39,620
|
|||
Total Liabilities
|
765,256
| |||
Net
Assets |
$
|
96,549,742
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
113,721,945
| ||
Total
accumulated earnings (loss) |
(17,172,203)
| |||
Net
Assets |
$
|
96,549,742
| ||
Net
Asset Value ,
offering price and redemption price per share ($96,549,742 ÷ 6,850,000
shares) |
$
|
14.09
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
236,544
| ||
Expenses
|
||||
Management
fee |
$
|
198,642
|
||
Independent
trustees' fees and expenses |
111
|
|||
Total expenses before reductions |
198,753
|
|||
Expense reductions |
(9)
|
|||
Total expenses after reductions |
198,744
| |||
Net
Investment income (loss) |
37,800
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
1,743,093
|
|||
Unaffiliated issuers |
(5,653,836)
|
|||
Foreign currency transactions |
(23,574)
|
|||
Futures contracts |
13,586
|
|||
Total
net realized gain (loss) |
(3,920,731)
| |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
5,198,780
|
|||
Assets and liabilities in foreign currencies
|
96
|
|||
Total
change in net unrealized appreciation (depreciation) |
5,198,876
| |||
Net
gain (loss) |
1,278,145
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
1,315,945
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
37,800
|
$
|
(96,288)
|
Net
realized gain (loss) |
(3,920,731)
|
(14,454,858)
| ||
Change
in net unrealized appreciation (depreciation) |
5,198,876
|
(5,201,464)
| ||
Net
increase (decrease) in net assets resulting from operations
|
1,315,945
|
(19,752,610)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
56,467,433
|
59,102,297
| ||
Cost
of shares redeemed |
(23,543,654)
|
(16,719,011)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
32,923,779
|
42,383,286
| ||
Total
increase (decrease) in net assets |
34,239,724
|
22,630,676
| ||
Net
Assets |
||||
Beginning
of period |
62,310,018
|
39,679,342
| ||
End
of period |
$
|
96,549,742
|
$
|
62,310,018
|
Other
Information |
||||
Shares
|
||||
Sold
|
4,300,000
|
3,500,000
| ||
Redeemed
|
(1,750,000)
|
(1,075,000)
| ||
Net
increase (decrease) |
2,550,000
|
2,425,000
| ||
Fidelity®
Growth Opportunities ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
A
| ||||
Selected Per-Share
Data
|
||||||
Net asset value, beginning
of period |
$
|
14.49
|
$
|
21.16
|
$
|
20.00
|
Income from Investment
Operations |
||||||
Net investment income (loss) B,C
|
.01
|
(.03)
|
(.03)
| |||
Net realized and unrealized gain (loss)
|
(.41)
D
|
(6.64)
|
1.19
| |||
Total from investment
operations |
(.40)
|
(6.67)
|
1.16
| |||
Net asset value, end of
period |
$
|
14.09
|
$
|
14.49
|
$
|
21.16
|
Total Return
E,F,G
|
(2.73)%
|
(31.53)%
|
5.82%
| |||
Ratios to Average Net Assets C,H,I
|
||||||
Expenses before reductions
|
.59%
J
|
.59%
|
.59%
J
| |||
Expenses net of fee
waivers, if any |
.59%
J
|
.59%
|
.59%
J
| |||
Expenses net of all
reductions |
.59%
J
|
.59%
|
.59%
J
| |||
Net investment income
(loss) |
.11%
J
|
(.19)%
|
(.33)%
J
| |||
Supplemental Data |
||||||
Net assets, end of period
(000 omitted) |
$
|
96,550
|
$
|
62,310
|
$
|
39,679
|
Portfolio turnover rate
K,L
|
98%
J
|
99%
|
49%
M
|
Top
Holdings (% of Fund's net
assets) | ||
Microsoft
Corp. |
7.1
|
|
UnitedHealth
Group, Inc. |
3.0
|
|
NVIDIA
Corp. |
2.7
|
|
Visa,
Inc. Class A |
2.6
|
|
Apple,
Inc. |
2.4
|
|
MasterCard,
Inc. Class A |
2.3
|
|
Thermo
Fisher Scientific, Inc. |
2.2
|
|
NextEra
Energy, Inc. |
2.2
|
|
Costco
Wholesale Corp. |
2.2
|
|
Danaher
Corp. |
2.1
|
|
28.8
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
38.7
|
|
Health
Care |
15.8
|
|
Financials
|
10.1
|
|
Industrials
|
9.3
|
|
Consumer
Discretionary |
5.9
|
|
Real
Estate |
5.2
|
|
Materials
|
4.2
|
|
Consumer
Staples |
3.9
|
|
Utilities
|
3.6
|
|
Communication
Services |
1.0
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 4.5%
|
Common
Stocks - 97.7% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 1.0% |
|||
Interactive
Media & Services - 1.0% |
|||
Alphabet,
Inc. Class C (a) |
4,374
|
436,831
| |
CONSUMER
DISCRETIONARY - 5.9% |
|||
Hotels,
Restaurants & Leisure - 3.4% |
|||
Airbnb,
Inc. Class A (a) |
5,585
|
620,549
| |
Domino's
Pizza, Inc. |
886
|
312,758
| |
Hilton
Worldwide Holdings, Inc. |
3,659
|
530,884
| |
1,464,191
| |||
Internet
& Direct Marketing Retail - 1.0% |
|||
Amazon.com,
Inc. (a) |
4,098
|
422,627
| |
Multiline
Retail - 1.5% |
|||
Dollar
General Corp. |
2,766
|
646,138
| |
TOTAL CONSUMER DISCRETIONARY
|
2,532,956
| ||
CONSUMER
STAPLES - 3.9% |
|||
Food
& Staples Retailing - 2.2% |
|||
Costco
Wholesale Corp. |
1,801
|
920,563
| |
Tobacco
- 1.7% |
|||
Philip
Morris International, Inc. |
7,111
|
741,251
| |
TOTAL CONSUMER STAPLES |
1,661,814
| ||
FINANCIALS
- 10.1% |
|||
Capital
Markets - 6.8% |
|||
Intercontinental
Exchange, Inc. |
6,691
|
719,617
| |
Moody's
Corp. |
2,444
|
788,801
| |
Raymond
James Financial, Inc. |
4,963
|
559,678
| |
S&P
Global, Inc. |
2,288
|
857,863
| |
2,925,959
| |||
Insurance
- 3.3% |
|||
Arthur
J. Gallagher & Co. |
3,411
|
667,601
| |
Marsh
& McLennan Companies, Inc. |
4,191
|
733,048
| |
1,400,649
| |||
TOTAL FINANCIALS |
4,326,608
| ||
HEALTH
CARE - 15.8% |
|||
Health
Care Providers & Services - 4.8% |
|||
Humana,
Inc. |
1,534
|
784,948
| |
UnitedHealth
Group, Inc. |
2,569
|
1,282,419
| |
2,067,367
| |||
Health
Care Technology - 1.4% |
|||
Veeva
Systems, Inc. Class A (a) |
3,362
|
573,389
| |
Life
Sciences Tools & Services - 5.8% |
|||
Danaher
Corp. |
3,373
|
891,754
| |
Mettler-Toledo
International, Inc. (a) |
434
|
665,287
| |
Thermo
Fisher Scientific, Inc. |
1,647
|
939,334
| |
2,496,375
| |||
Pharmaceuticals
- 3.8% |
|||
Eli
Lilly & Co. |
2,472
|
850,739
| |
Zoetis,
Inc. Class A |
4,772
|
789,718
| |
1,640,457
| |||
TOTAL HEALTH CARE |
6,777,588
| ||
INDUSTRIALS
- 9.3% |
|||
Aerospace
& Defense - 2.8% |
|||
HEICO
Corp. Class A |
4,744
|
634,178
| |
TransDigm
Group, Inc. |
804
|
577,071
| |
1,211,249
| |||
Commercial
Services & Supplies - 3.3% |
|||
Cintas
Corp. |
1,501
|
666,054
| |
Copart,
Inc. (a) |
7,169
|
477,527
| |
Waste
Connections, Inc. (United States) |
2,183
|
290,121
| |
1,433,702
| |||
Professional
Services - 3.2% |
|||
Equifax,
Inc. |
3,272
|
727,038
| |
Verisk
Analytics, Inc. |
3,485
|
633,538
| |
1,360,576
| |||
TOTAL INDUSTRIALS |
4,005,527
| ||
INFORMATION
TECHNOLOGY - 38.7% |
|||
Electronic
Equipment & Components - 2.9% |
|||
Amphenol
Corp. Class A |
7,422
|
592,053
| |
CDW
Corp. |
3,326
|
651,996
| |
1,244,049
| |||
IT
Services - 11.0% |
|||
Accenture
PLC Class A |
3,029
|
845,242
| |
Automatic
Data Processing, Inc. |
2,822
|
637,236
| |
Gartner,
Inc. (a) |
1,603
|
542,038
| |
MasterCard,
Inc. Class A |
2,722
|
1,008,773
| |
Paychex,
Inc. |
4,925
|
570,611
| |
Visa,
Inc. Class A |
4,859
|
1,118,590
| |
4,722,490
| |||
Semiconductors
& Semiconductor Equipment - 5.8% |
|||
KLA
Corp. |
1,689
|
662,899
| |
Lam
Research Corp. |
1,404
|
702,140
| |
NVIDIA
Corp. |
5,822
|
1,137,444
| |
2,502,483
| |||
Software
- 16.6% |
|||
Adobe,
Inc. (a) |
1,778
|
658,465
| |
Autodesk,
Inc. (a) |
2,354
|
506,487
| |
Cadence
Design Systems, Inc. (a) |
3,763
|
687,989
| |
Fortinet,
Inc. (a) |
4,403
|
230,453
| |
Intuit,
Inc. |
1,760
|
743,899
| |
Microsoft
Corp. |
12,335
|
3,056,736
| |
Palo
Alto Networks, Inc. (a) |
3,833
|
608,067
| |
Synopsys,
Inc. (a) |
1,840
|
650,900
| |
7,142,996
| |||
Technology
Hardware, Storage & Peripherals - 2.4% |
|||
Apple,
Inc. |
7,017
|
1,012,483
| |
TOTAL INFORMATION TECHNOLOGY
|
16,624,501
| ||
MATERIALS
- 4.2% |
|||
Chemicals
- 4.2% |
|||
Corteva,
Inc. |
5,203
|
335,333
| |
Linde
PLC |
2,338
|
773,738
| |
Sherwin-Williams
Co. |
2,913
|
689,187
| |
1,798,258
| |||
REAL
ESTATE - 5.2% |
|||
Equity
Real Estate Investment Trusts (REITs) - 5.2% |
|||
American
Tower Corp. |
3,328
|
743,442
| |
Prologis
(REIT), Inc. |
6,268
|
810,327
| |
SBA
Communications Corp. Class A |
2,233
|
664,384
| |
2,218,153
| |||
UTILITIES
- 3.6% |
|||
Electric
Utilities - 2.2% |
|||
NextEra
Energy, Inc. |
12,564
|
937,651
| |
Water
Utilities - 1.4% |
|||
American
Water Works Co., Inc. |
3,987
|
623,926
| |
TOTAL UTILITIES |
1,561,577
| ||
TOTAL
COMMON STOCKS
(Cost
$39,964,847) |
41,943,813
| ||
TOTAL
INVESTMENT IN SECURITIES - 97.7%
(Cost
$39,964,847)
|
41,943,813
|
NET
OTHER ASSETS (LIABILITIES) - 2.3%
|
997,085
|
NET
ASSETS - 100.0% |
42,940,898
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
436,831
|
436,831
|
-
|
-
|
Consumer
Discretionary |
2,532,956
|
2,532,956
|
-
|
-
|
Consumer
Staples |
1,661,814
|
1,661,814
|
-
|
-
|
Financials
|
4,326,608
|
4,326,608
|
-
|
-
|
Health
Care |
6,777,588
|
6,777,588
|
-
|
-
|
Industrials
|
4,005,527
|
4,005,527
|
-
|
-
|
Information
Technology |
16,624,501
|
16,624,501
|
-
|
-
|
Materials
|
1,798,258
|
1,798,258
|
-
|
-
|
Real
Estate |
2,218,153
|
2,218,153
|
-
|
-
|
Utilities
|
1,561,577
|
1,561,577
|
-
|
-
|
Total Investments in Securities: |
41,943,813
|
41,943,813
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$39,964,847):
|
$
|
41,943,813
| ||
Cash
|
777,155
| |||
Receivable
for investments sold |
1,015,873
| |||
Receivable
for fund shares sold |
77
| |||
Dividends
receivable |
14,249
| |||
Other
receivables |
97
| |||
Total
assets |
43,751,264
| |||
Liabilities
|
||||
Payable
for investments purchased |
$
|
303,677
|
||
Payable
for fund shares redeemed |
486,307
|
|||
Accrued
management fee |
20,382
|
|||
Total Liabilities
|
810,366
| |||
Net
Assets |
$
|
42,940,898
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
48,252,100
| ||
Total
accumulated earnings (loss) |
(5,311,202)
| |||
Net
Assets |
$
|
42,940,898
| ||
Net
Asset Value ,
offering price and redemption price per share ($42,940,898 ÷ 2,175,000
shares) |
$
|
19.74
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
187,148
| ||
Expenses
|
||||
Management
fee |
$
|
127,876
|
||
Independent
trustees' fees and expenses |
76
|
|||
Total Expenses |
127,952
| |||
Net
Investment income (loss) |
59,196
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
218,751
|
|||
Unaffiliated issuers |
(3,284,545)
|
|||
Total
net realized gain (loss) |
(3,065,794)
| |||
Change
in net unrealized appreciation (depreciation) on investment securities
|
380,740
| |||
Net
gain (loss) |
(2,685,054)
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
(2,625,858)
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
59,196
|
$
|
24,387
|
Net
realized gain (loss) |
(3,065,794)
|
(3,743,475)
| ||
Change
in net unrealized appreciation (depreciation) |
380,740
|
(2,178,468)
| ||
Net
increase (decrease) in net assets resulting from operations
|
(2,625,858)
|
(5,897,556)
| ||
Distributions
to shareholders |
(70,075)
|
(32,550)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
2,441,291
|
19,270,749
| ||
Cost
of shares redeemed |
(3,331,868)
|
(2,655,560)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
(890,577)
|
16,615,189
| ||
Total
increase (decrease) in net assets |
(3,586,510)
|
10,685,083
| ||
Net
Assets |
||||
Beginning
of period |
46,527,408
|
35,842,325
| ||
End
of period |
$
|
42,940,898
|
$
|
46,527,408
|
Other
Information |
||||
Shares
|
||||
Sold
|
125,000
|
800,000
| ||
Redeemed
|
(175,000)
|
(125,000)
| ||
Net
increase (decrease) |
(50,000)
|
675,000
| ||
Fidelity®
Magellan® ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
A
| ||||
Selected Per-Share
Data
|
||||||
Net asset value, beginning
of period |
$
|
20.91
|
$
|
23.12
|
$
|
20.00
|
Income from Investment
Operations |
||||||
Net investment income (loss) B,C
|
.03
|
.01
|
-
D
| |||
Net realized and unrealized gain (loss)
|
(1.17)
|
(2.20)
|
3.13
| |||
Total from investment
operations |
(1.14)
|
(2.19)
|
3.13
| |||
Distributions from net
investment income |
(.03)
|
(.02)
|
(.01)
| |||
Total distributions |
(.03)
|
(.02)
|
(.01)
| |||
Net asset value, end of
period |
$
|
19.74
|
$
|
20.91
|
$
|
23.12
|
Total Return
E,F
|
(5.43)%
|
(9.50)%
|
15.65%
| |||
Ratios to Average Net Assets C,G,H
|
||||||
Expenses before reductions
|
.59%
I
|
.59%
|
.59%
I
| |||
Expenses net of fee
waivers, if any |
.59%
I
|
.59%
|
.59%
I
| |||
Expenses net of all
reductions |
.59%
I
|
.59%
|
.59%
I
| |||
Net investment income
(loss) |
.27%
I
|
.05%
|
.01%
I
| |||
Supplemental Data |
||||||
Net assets, end of period
(000 omitted) |
$
|
42,941
|
$
|
46,527
|
$
|
35,842
|
Portfolio turnover rate
J,K
|
82%
I
|
68%
|
41%
L
|
Top
Holdings (% of Fund's net
assets) | ||
Apple,
Inc. |
3.9
|
|
Microsoft
Corp. |
3.1
|
|
Exxon
Mobil Corp. |
2.5
|
|
Visa,
Inc. Class A |
1.9
|
|
Eli
Lilly & Co. |
1.9
|
|
Wells
Fargo & Co. |
1.8
|
|
Chubb
Ltd. |
1.8
|
|
UnitedHealth
Group, Inc. |
1.7
|
|
Bank
of America Corp. |
1.6
|
|
Alphabet,
Inc. Class A |
1.5
|
|
21.7
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
22.3
|
|
Health
Care |
13.6
|
|
Industrials
|
12.6
|
|
Financials
|
11.8
|
|
Consumer
Discretionary |
10.9
|
|
Energy
|
8.4
|
|
Communication
Services |
5.9
|
|
Materials
|
4.8
|
|
Consumer
Staples |
3.6
|
|
Utilities
|
2.7
|
|
Real
Estate |
2.2
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 9.9%
|
Common
Stocks - 98.8% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 5.9% |
|||
Entertainment
- 1.9% |
|||
Endeavor
Group Holdings, Inc. (a) |
21,653
|
485,677
| |
Netflix,
Inc. (a) |
3,241
|
1,146,860
| |
1,632,537
| |||
Interactive
Media & Services - 2.6% |
|||
Alphabet,
Inc. Class A (a) |
13,781
|
1,362,114
| |
Match
Group, Inc. (a) |
6,255
|
338,521
| |
Meta
Platforms, Inc. Class A (a) |
3,059
|
455,699
| |
Pinterest,
Inc. Class A (a) |
5,860
|
154,059
| |
2,310,393
| |||
Media
- 1.4% |
|||
Comcast
Corp. Class A |
31,035
|
1,221,227
| |
TOTAL COMMUNICATION SERVICES
|
5,164,157
| ||
CONSUMER
DISCRETIONARY - 10.9% |
|||
Auto
Components - 0.7% |
|||
Aptiv
PLC (a) |
5,625
|
636,131
| |
Hotels,
Restaurants & Leisure - 2.0% |
|||
ARAMARK
Holdings Corp. |
5,834
|
259,788
| |
Booking
Holdings, Inc. (a) |
256
|
623,130
| |
Churchill
Downs, Inc. |
2,208
|
547,805
| |
Domino's
Pizza, Inc. |
868
|
306,404
| |
1,737,127
| |||
Household
Durables - 1.2% |
|||
Lennar
Corp. Class A |
3,296
|
337,510
| |
NVR,
Inc. (a) |
80
|
421,600
| |
Taylor
Morrison Home Corp. (a) |
7,756
|
277,665
| |
1,036,775
| |||
Internet
& Direct Marketing Retail - 2.2% |
|||
Amazon.com,
Inc. (a) |
8,815
|
909,091
| |
eBay,
Inc. |
7,650
|
378,675
| |
Uber
Technologies, Inc. (a) |
20,350
|
629,426
| |
1,917,192
| |||
Multiline
Retail - 1.3% |
|||
Dollar
General Corp. |
1,766
|
412,538
| |
Target
Corp. |
4,366
|
751,563
| |
1,164,101
| |||
Specialty
Retail - 1.3% |
|||
Best
Buy Co., Inc. |
4,063
|
360,469
| |
Dick's
Sporting Goods, Inc. |
2,016
|
263,612
| |
TJX
Companies, Inc. |
6,252
|
511,789
| |
1,135,870
| |||
Textiles,
Apparel & Luxury Goods - 2.2% |
|||
NIKE,
Inc. Class B |
5,178
|
659,315
| |
PVH
Corp. |
4,170
|
374,883
| |
Ralph
Lauren Corp. |
2,539
|
314,455
| |
Tapestry,
Inc. |
12,361
|
563,291
| |
1,911,944
| |||
TOTAL CONSUMER DISCRETIONARY
|
9,539,140
| ||
CONSUMER
STAPLES - 3.6% |
|||
Beverages
- 2.9% |
|||
Boston
Beer Co., Inc. Class A (a) |
674
|
261,923
| |
Constellation
Brands, Inc. Class A (sub. vtg.) |
1,116
|
258,376
| |
Diageo
PLC sponsored ADR |
3,058
|
540,807
| |
Keurig
Dr. Pepper, Inc. |
9,499
|
335,125
| |
The
Coca-Cola Co. |
18,513
|
1,135,217
| |
2,531,448
| |||
Food
& Staples Retailing - 0.7% |
|||
BJ's
Wholesale Club Holdings, Inc. (a) |
3,767
|
272,994
| |
Performance
Food Group Co. (a) |
5,656
|
346,826
| |
619,820
| |||
TOTAL CONSUMER STAPLES |
3,151,268
| ||
ENERGY
- 8.4% |
|||
Energy
Equipment & Services - 2.3% |
|||
Baker
Hughes Co. Class A |
18,762
|
595,506
| |
Halliburton
Co. |
8,284
|
341,466
| |
Schlumberger
Ltd. |
14,510
|
826,780
| |
TechnipFMC
PLC (a) |
21,162
|
293,940
| |
2,057,692
| |||
Oil,
Gas & Consumable Fuels - 6.1% |
|||
Antero
Resources Corp. (a) |
1,300
|
37,492
| |
Canadian
Natural Resources Ltd. |
13,047
|
801,608
| |
Cheniere
Energy, Inc. |
3,349
|
511,694
| |
Exxon
Mobil Corp. |
18,851
|
2,186,905
| |
Hess
Corp. |
7,369
|
1,106,529
| |
Valero
Energy Corp. |
4,735
|
663,042
| |
5,307,270
| |||
TOTAL ENERGY |
7,364,962
| ||
FINANCIALS
- 11.8% |
|||
Banks
- 5.2% |
|||
Bank
of America Corp. |
40,782
|
1,446,945
| |
Comerica,
Inc. |
5,874
|
430,623
| |
JPMorgan
Chase & Co. |
3,054
|
427,438
| |
PNC
Financial Services Group, Inc. |
4,026
|
666,021
| |
Wells
Fargo & Co. |
34,171
|
1,601,595
| |
4,572,622
| |||
Capital
Markets - 1.4% |
|||
Morgan
Stanley |
10,212
|
993,934
| |
State
Street Corp. |
2,729
|
249,240
| |
1,243,174
| |||
Insurance
- 4.5% |
|||
American
International Group, Inc. |
5,922
|
374,389
| |
Arch
Capital Group Ltd. (a) |
12,709
|
817,824
| |
Chubb
Ltd. |
6,806
|
1,548,297
| |
First
American Financial Corp. |
4,577
|
283,179
| |
MetLife,
Inc. |
8,904
|
650,170
| |
RenaissanceRe
Holdings Ltd. |
1,299
|
254,201
| |
3,928,060
| |||
Thrifts
& Mortgage Finance - 0.7% |
|||
Radian
Group, Inc. |
26,539
|
586,512
| |
TOTAL FINANCIALS |
10,330,368
| ||
HEALTH
CARE - 13.6% |
|||
Biotechnology
- 1.5% |
|||
Day
One Biopharmaceuticals, Inc. (a) |
6,673
|
145,271
| |
Gilead
Sciences, Inc. |
3,284
|
275,659
| |
Legend
Biotech Corp. ADR (a) |
3,685
|
186,093
| |
Regeneron
Pharmaceuticals, Inc. (a) |
940
|
712,962
| |
1,319,985
| |||
Health
Care Equipment & Supplies - 2.9% |
|||
Boston
Scientific Corp. (a) |
20,144
|
931,660
| |
Hologic,
Inc. (a) |
3,963
|
322,469
| |
Masimo
Corp. (a) |
3,329
|
566,196
| |
Stryker
Corp. |
2,897
|
735,288
| |
2,555,613
| |||
Health
Care Providers & Services - 4.0% |
|||
agilon
health, Inc. (a) |
14,558
|
316,782
| |
Centene
Corp. (a) |
4,546
|
346,587
| |
Cigna
Corp. |
3,813
|
1,207,463
| |
LifeStance
Health Group, Inc. (a) |
22,815
|
120,463
| |
UnitedHealth
Group, Inc. |
2,928
|
1,461,628
| |
3,452,923
| |||
Life
Sciences Tools & Services - 2.3% |
|||
Danaher
Corp. |
1,694
|
447,860
| |
IQVIA
Holdings, Inc. (a) |
1,693
|
388,391
| |
Thermo
Fisher Scientific, Inc. |
1,438
|
820,135
| |
West
Pharmaceutical Services, Inc. |
1,183
|
314,205
| |
1,970,591
| |||
Pharmaceuticals
- 2.9% |
|||
Bristol-Myers
Squibb Co. |
12,567
|
912,993
| |
Eli
Lilly & Co. |
4,747
|
1,633,680
| |
2,546,673
| |||
TOTAL HEALTH CARE |
11,845,785
| ||
INDUSTRIALS
- 12.6% |
|||
Aerospace
& Defense - 3.7% |
|||
BWX
Technologies, Inc. |
4,298
|
261,576
| |
Howmet
Aerospace, Inc. |
13,185
|
536,498
| |
Huntington
Ingalls Industries, Inc. |
1,253
|
276,337
| |
Lockheed
Martin Corp. |
1,614
|
747,702
| |
Northrop
Grumman Corp. |
1,223
|
547,953
| |
The
Boeing Co. (a) |
4,025
|
857,325
| |
3,227,391
| |||
Air
Freight & Logistics - 0.3% |
|||
GXO
Logistics, Inc. (a) |
5,946
|
311,154
| |
Building
Products - 0.6% |
|||
Builders
FirstSource, Inc. (a) |
6,672
|
531,758
| |
MasterBrand,
Inc. (a) |
4,650
|
42,780
| |
574,538
| |||
Construction
& Engineering - 1.3% |
|||
Quanta
Services, Inc. |
3,795
|
577,561
| |
Willscot
Mobile Mini Holdings (a) |
10,886
|
527,536
| |
1,105,097
| |||
Electrical
Equipment - 1.1% |
|||
Generac
Holdings, Inc. (a) |
3,235
|
390,141
| |
Regal
Rexnord Corp. |
4,115
|
572,808
| |
962,949
| |||
Industrial
Conglomerates - 1.5% |
|||
General
Electric Co. |
15,830
|
1,273,998
| |
Machinery
- 3.0% |
|||
Caterpillar,
Inc. |
1,912
|
482,378
| |
Fortive
Corp. |
8,646
|
588,187
| |
Ingersoll
Rand, Inc. |
10,719
|
600,264
| |
ITT,
Inc. |
6,079
|
556,776
| |
Parker
Hannifin Corp. |
1,180
|
384,680
| |
2,612,285
| |||
Professional
Services - 1.0% |
|||
FTI
Consulting, Inc. (a) |
2,202
|
351,263
| |
KBR,
Inc. |
9,499
|
486,634
| |
837,897
| |||
Road
& Rail - 0.1% |
|||
RXO,
Inc. (a) |
3,843
|
70,404
| |
TOTAL INDUSTRIALS |
10,975,713
| ||
INFORMATION
TECHNOLOGY - 22.3% |
|||
Communications
Equipment - 1.1% |
|||
Cisco
Systems, Inc. |
19,181
|
933,539
| |
Electronic
Equipment & Components - 2.2% |
|||
Flex
Ltd. (a) |
33,948
|
792,686
| |
Jabil,
Inc. |
6,824
|
536,571
| |
Keysight
Technologies, Inc. (a) |
3,427
|
614,632
| |
1,943,889
| |||
IT
Services - 4.3% |
|||
EPAM
Systems, Inc. (a) |
889
|
295,726
| |
Fiserv,
Inc. (a) |
4,598
|
490,515
| |
MongoDB,
Inc. Class A (a) |
2,050
|
439,131
| |
Shift4
Payments, Inc. (a) |
4,966
|
318,023
| |
Visa,
Inc. Class A |
7,187
|
1,654,519
| |
WNS
Holdings Ltd. sponsored ADR (a) |
5,857
|
496,264
| |
3,694,178
| |||
Semiconductors
& Semiconductor Equipment - 5.0% |
|||
Advanced
Micro Devices, Inc. (a) |
7,614
|
572,192
| |
Analog
Devices, Inc. |
2,900
|
497,263
| |
Marvell
Technology, Inc. |
600
|
25,890
| |
NVIDIA
Corp. |
2,534
|
495,068
| |
NXP
Semiconductors NV |
3,591
|
661,857
| |
onsemi
(a) |
8,843
|
649,518
| |
SolarEdge
Technologies, Inc. (a) |
980
|
312,747
| |
Taiwan
Semiconductor Manufacturing Co. Ltd. sponsored ADR |
8,849
|
820,568
| |
Teradyne,
Inc. |
3,504
|
356,357
| |
4,391,460
| |||
Software
- 5.8% |
|||
Adobe,
Inc. (a) |
1,910
|
707,349
| |
Autodesk,
Inc. (a) |
1,806
|
388,579
| |
Dynatrace,
Inc. (a) |
10,938
|
420,347
| |
Microsoft
Corp. |
10,813
|
2,679,570
| |
Oracle
Corp. |
6,781
|
599,847
| |
Workday,
Inc. Class A (a) |
1,553
|
281,761
| |
5,077,453
| |||
Technology
Hardware, Storage & Peripherals - 3.9% |
|||
Apple,
Inc. |
23,646
|
3,411,882
| |
TOTAL INFORMATION TECHNOLOGY
|
19,452,401
| ||
MATERIALS
- 4.8% |
|||
Chemicals
- 1.5% |
|||
Cabot
Corp. |
3,555
|
267,798
| |
Celanese
Corp. Class A |
2,422
|
298,390
| |
CF
Industries Holdings, Inc. |
5,992
|
507,522
| |
Element
Solutions, Inc. |
13,475
|
275,968
| |
1,349,678
| |||
Construction
Materials - 0.4% |
|||
Martin
Marietta Materials, Inc. |
926
|
333,027
| |
Containers
& Packaging - 1.0% |
|||
Avery
Dennison Corp. |
2,069
|
391,951
| |
O-I
Glass, Inc. (a) |
25,791
|
496,477
| |
888,428
| |||
Metals
& Mining - 1.9% |
|||
Commercial
Metals Co. |
2,931
|
159,065
| |
Freeport-McMoRan,
Inc. |
27,431
|
1,223,971
| |
Novagold
Resources, Inc. (a) |
39,272
|
247,806
| |
1,630,842
| |||
TOTAL MATERIALS |
4,201,975
| ||
REAL
ESTATE - 2.2% |
|||
Equity
Real Estate Investment Trusts (REITs) - 1.9% |
|||
Gaming
& Leisure Properties |
10,170
|
544,705
| |
Simon
Property Group, Inc. |
2,692
|
345,814
| |
Spirit
Realty Capital, Inc. |
10,010
|
439,239
| |
VICI
Properties, Inc. |
10,156
|
347,132
| |
1,676,890
| |||
Real
Estate Management & Development - 0.3% |
|||
CBRE
Group, Inc. (a) |
3,386
|
289,537
| |
TOTAL REAL ESTATE |
1,966,427
| ||
UTILITIES
- 2.7% |
|||
Electric
Utilities - 1.8% |
|||
Constellation
Energy Corp. |
3,789
|
323,429
| |
FirstEnergy
Corp. |
9,768
|
400,000
| |
Southern
Co. |
11,796
|
798,353
| |
1,521,782
| |||
Independent
Power and Renewable Electricity Producers - 0.9% |
|||
The
AES Corp. |
20,259
|
555,299
| |
Vistra
Corp. |
11,372
|
262,238
| |
817,537
| |||
TOTAL UTILITIES |
2,339,319
| ||
TOTAL
COMMON STOCKS
(Cost
$76,774,147) |
86,331,515
| ||
TOTAL
INVESTMENT IN SECURITIES - 98.8%
(Cost
$76,774,147)
|
86,331,515
|
NET
OTHER ASSETS (LIABILITIES) - 1.2%
|
1,040,051
|
NET
ASSETS - 100.0% |
87,371,566
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
5,164,157
|
5,164,157
|
-
|
-
|
Consumer
Discretionary |
9,539,140
|
9,539,140
|
-
|
-
|
Consumer
Staples |
3,151,268
|
3,151,268
|
-
|
-
|
Energy
|
7,364,962
|
7,364,962
|
-
|
-
|
Financials
|
10,330,368
|
10,330,368
|
-
|
-
|
Health
Care |
11,845,785
|
11,845,785
|
-
|
-
|
Industrials
|
10,975,713
|
10,975,713
|
-
|
-
|
Information
Technology |
19,452,401
|
19,452,401
|
-
|
-
|
Materials
|
4,201,975
|
4,201,975
|
-
|
-
|
Real
Estate |
1,966,427
|
1,966,427
|
-
|
-
|
Utilities
|
2,339,319
|
2,339,319
|
-
|
-
|
Total Investments in Securities: |
86,331,515
|
86,331,515
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$76,774,147):
|
$
|
86,331,515
| ||
Cash
|
1,242,920
| |||
Dividends
receivable |
66,371
| |||
Total
assets |
87,640,806
| |||
Liabilities
|
||||
Payable
for investments purchased |
$
|
226,568
|
||
Accrued
management fee |
42,672
|
|||
Total Liabilities
|
269,240
| |||
Net
Assets |
$
|
87,371,566
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
74,378,846
| ||
Total
accumulated earnings (loss) |
12,992,720
| |||
Net
Assets |
$
|
87,371,566
| ||
Net
Asset Value ,
offering price and redemption price per share ($87,371,566 ÷ 2,825,000
shares) |
$
|
30.93
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
692,084
| ||
Expenses
|
||||
Management
fee |
$
|
218,907
|
||
Independent
trustees' fees and expenses |
120
|
|||
Total expenses before reductions |
219,027
|
|||
Expense reductions |
(1)
|
|||
Total expenses after reductions |
219,026
| |||
Net
Investment income (loss) |
473,058
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
6,534,442
|
|||
Unaffiliated issuers |
(2,414,785)
|
|||
Foreign currency transactions |
(273)
|
|||
Futures contracts |
8,617
|
|||
Total
net realized gain (loss) |
4,128,001
| |||
Change
in net unrealized appreciation (depreciation) on investment securities
|
3,781,623
| |||
Net
gain (loss) |
7,909,624
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
8,382,682
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
473,058
|
$
|
816,005
|
Net
realized gain (loss) |
4,128,001
|
1,262,284
| ||
Change
in net unrealized appreciation (depreciation) |
3,781,623
|
(1,701,394)
| ||
Net
increase (decrease) in net assets resulting from operations
|
8,382,682
|
376,895
| ||
Distributions
to shareholders |
(688,725)
|
(1,100,175)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
48,021,199
|
3,720,338
| ||
Cost
of shares redeemed |
(24,619,228)
|
(7,128,248)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
23,401,971
|
(3,407,910)
| ||
Total
increase (decrease) in net assets |
31,095,928
|
(4,131,190)
| ||
Net
Assets |
||||
Beginning
of period |
56,275,638
|
60,406,828
| ||
End
of period |
$
|
87,371,566
|
$
|
56,275,638
|
Other
Information |
||||
Shares
|
||||
Sold
|
1,675,000
|
125,000
| ||
Redeemed
|
(800,000)
|
(250,000)
| ||
Net
increase (decrease) |
875,000
|
(125,000)
| ||
Fidelity®
New Millennium ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
|
2020
A
| |||||
Selected Per-Share
Data
|
||||||||
Net asset value, beginning
of period |
$
|
28.86
|
$
|
29.11
|
$
|
20.37
|
$
|
20.00
|
Income from Investment
Operations |
||||||||
Net investment income (loss) B,C
|
.19
|
.40
|
.36
|
.03
| ||||
Net realized and unrealized gain (loss)
|
2.16
|
(.12)
|
8.75
|
.36
| ||||
Total from investment
operations |
2.35
|
.28
|
9.11
|
.39
| ||||
Distributions from net
investment income |
(.21)
|
(.53)
|
(.37)
|
(.02)
| ||||
Distributions from net
realized gain |
(.07)
|
-
|
-
|
-
| ||||
Total distributions |
(.28)
|
(.53)
|
(.37)
|
(.02)
| ||||
Net asset value, end of
period |
$
|
30.93
|
$
|
28.86
|
$
|
29.11
|
$
|
20.37
|
Total Return
D,E,F
|
8.22%
|
1.00%
|
45.03%
|
1.95%
| ||||
Ratios to Average Net Assets C,G,H
|
||||||||
Expenses before reductions
|
.59%
I
|
.59%
|
.59%
|
.59%
I
| ||||
Expenses net of fee
waivers, if any |
.59%
I
|
.59%
|
.59%
|
.59%
I
| ||||
Expenses net of all
reductions |
.59%
I
|
.59%
|
.58%
|
.59%
I
| ||||
Net investment income
(loss) |
1.28%
I
|
1.36%
|
1.33%
|
1.00%
I
| ||||
Supplemental Data |
||||||||
Net assets, end of period
(000 omitted) |
$
|
87,372
|
$
|
56,276
|
$
|
60,407
|
$
|
6,112
|
Portfolio turnover rate
J,K
|
76%
I
|
36%
|
68%
|
10%
L
|
Top
Holdings (% of Fund's net
assets) | ||
Prologis
(REIT), Inc. |
10.7
|
|
Crown
Castle International Corp. |
9.3
|
|
SBA
Communications Corp. Class A |
7.1
|
|
Equinix,
Inc. |
6.3
|
|
Welltower,
Inc. |
4.8
|
|
Ventas,
Inc. |
4.7
|
|
Digital
Realty Trust, Inc. |
4.7
|
|
UDR,
Inc. |
3.6
|
|
CubeSmart
|
3.5
|
|
Mid-America
Apartment Communities, Inc. |
3.5
|
|
58.2
|
||
Top
Five REIT Sectors (% of Fund's net assets) | ||
REITs
- Diversified |
32.8
|
|
REITs
- Apartments |
10.8
|
|
REITs
- Warehouse/Industrial |
10.7
|
|
REITs
- Health Care |
9.5
|
|
REITs
- Storage |
8.6
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Common
Stocks - 99.7% | |||
Shares
|
Value
($)
| ||
Equity
Real Estate Investment Trusts (REITs) - 96.3% |
|||
REITs
- Apartments - 10.8% |
|||
American
Homes 4 Rent Class A |
9,339
|
320,234
| |
Invitation
Homes, Inc. |
10,078
|
327,535
| |
Mid-America
Apartment Communities, Inc. |
3,622
|
603,860
| |
UDR,
Inc. |
14,440
|
615,000
| |
1,866,629
| |||
REITs
- Diversified - 32.8% |
|||
Apartment
Income (REIT) Corp. |
6,193
|
236,944
| |
Crown
Castle International Corp. |
10,905
|
1,615,140
| |
Digital
Realty Trust, Inc. |
7,073
|
810,707
| |
Elme
Communities (SBI) |
6,564
|
126,029
| |
Equinix,
Inc. |
1,485
|
1,096,123
| |
Gaming
& Leisure Properties |
5,677
|
304,060
| |
Lamar
Advertising Co. Class A |
2,503
|
266,670
| |
SBA
Communications Corp. Class A |
4,111
|
1,223,146
| |
5,678,819
| |||
REITs
- Health Care - 9.5% |
|||
Ventas,
Inc. |
15,765
|
816,785
| |
Welltower,
Inc. |
10,951
|
821,763
| |
1,638,548
| |||
REITs
- Hotels - 5.5% |
|||
DiamondRock
Hospitality Co. |
21,611
|
208,114
| |
Host
Hotels & Resorts, Inc. |
22,057
|
415,774
| |
RLJ
Lodging Trust |
14,210
|
178,620
| |
Ryman
Hospitality Properties, Inc. |
1,656
|
153,826
| |
956,334
| |||
REITs
- Management/Investment - 4.3% |
|||
American
Assets Trust, Inc. |
4,174
|
118,792
| |
LXP
Industrial Trust (REIT) |
14,025
|
161,989
| |
National
Retail Properties, Inc. |
9,825
|
465,214
| |
745,995
| |||
REITs
- Manufactured Homes - 5.6% |
|||
Equity
Lifestyle Properties, Inc. |
6,828
|
490,114
| |
Sun
Communities, Inc. |
2,979
|
467,286
| |
957,400
| |||
REITs
- Shopping Centers - 6.0% |
|||
Kimco
Realty Corp. |
16,794
|
377,193
| |
Phillips
Edison & Co., Inc. |
6,919
|
231,925
| |
Regency
Centers Corp. |
4,879
|
325,088
| |
Urban
Edge Properties |
6,905
|
108,754
| |
1,042,960
| |||
REITs
- Single Tenant - 2.5% |
|||
Four
Corners Property Trust, Inc. |
4,099
|
117,887
| |
Spirit
Realty Capital, Inc. |
7,302
|
320,412
| |
438,299
| |||
REITs
- Storage - 8.6% |
|||
CubeSmart
|
13,358
|
611,663
| |
Extra
Space Storage, Inc. |
3,497
|
551,932
| |
Iron
Mountain, Inc. |
5,977
|
326,225
| |
1,489,820
| |||
REITs
- Warehouse/Industrial - 10.7% |
|||
Prologis
(REIT), Inc. |
14,318
|
1,851,028
| |
TOTAL EQUITY REAL ESTATE INVESTMENT
TRUSTS (REITS) |
16,665,832
| ||
Real
Estate Management & Development - 3.4% |
|||
Real
Estate Services - 3.4% |
|||
CBRE
Group, Inc. (a) |
6,892
|
589,335
| |
TOTAL
COMMON STOCKS
(Cost
$17,857,011) |
17,255,167
| ||
TOTAL
INVESTMENT IN SECURITIES - 99.7%
(Cost
$17,857,011)
|
17,255,167
|
NET
OTHER ASSETS (LIABILITIES) - 0.3%
|
45,465
|
NET
ASSETS - 100.0% |
17,300,632
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Common Stocks
|
17,255,167
|
17,255,167
|
-
|
-
|
Total Investments in Securities: |
17,255,167
|
17,255,167
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$17,857,011):
|
$
|
17,255,167
| ||
Cash
|
47,439
| |||
Dividends
receivable |
6,040
| |||
Total
assets |
17,308,646
| |||
Liabilities
|
||||
Accrued
management fee |
$
|
8,014
|
||
Total Liabilities
|
8,014
| |||
Net
Assets |
$
|
17,300,632
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
18,443,379
| ||
Total
accumulated earnings (loss) |
(1,142,747)
| |||
Net
Assets |
$
|
17,300,632
| ||
Net
Asset Value ,
offering price and redemption price per share ($17,300,632 ÷ 775,000
shares) |
$
|
22.32
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
181,778
| ||
Expenses
|
||||
Management
fee |
$
|
51,124
|
||
Independent
trustees' fees and expenses |
31
|
|||
Total Expenses |
51,155
| |||
Net
Investment income (loss) |
130,623
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
138,840
|
|||
Unaffiliated issuers |
(412,722)
|
|||
Total
net realized gain (loss) |
(273,882)
| |||
Change
in net unrealized appreciation (depreciation) on investment securities
|
(1,062,366)
| |||
Net
gain (loss) |
(1,336,248)
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
(1,205,625)
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
130,623
|
$
|
322,595
|
Net
realized gain (loss) |
(273,882)
|
414,223
| ||
Change
in net unrealized appreciation (depreciation) |
(1,062,366)
|
(1,439,266)
| ||
Net
increase (decrease) in net assets resulting from operations
|
(1,205,625)
|
(702,448)
| ||
Distributions
to shareholders |
(204,475)
|
(456,700)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
1,073,566
|
7,736,496
| ||
Cost
of shares redeemed |
(2,619,368)
|
(3,056,221)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
(1,545,802)
|
4,680,275
| ||
Total
increase (decrease) in net assets |
(2,955,902)
|
3,521,127
| ||
Net
Assets |
||||
Beginning
of period |
20,256,534
|
16,735,407
| ||
End
of period |
$
|
17,300,632
|
$
|
20,256,534
|
Other
Information |
||||
Shares
|
||||
Sold
|
50,000
|
300,000
| ||
Redeemed
|
(125,000)
|
(125,000)
| ||
Net
increase (decrease) |
(75,000)
|
175,000
| ||
Fidelity®
Real Estate Investment ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
A
| ||||
Selected Per-Share
Data
|
||||||
Net asset value, beginning
of period |
$
|
23.83
|
$
|
24.79
|
$
|
20.00
|
Income from Investment
Operations |
||||||
Net investment income (loss) B,C
|
.16
|
.39
|
.21
| |||
Net realized and unrealized gain (loss)
|
(1.43)
|
(.80)
|
4.79
| |||
Total from investment
operations |
(1.27)
|
(.41)
|
5.00
| |||
Distributions from net
investment income |
(.24)
|
(.55)
|
(.21)
| |||
Total distributions |
(.24)
|
(.55)
|
(.21)
| |||
Net asset value, end of
period |
$
|
22.32
|
$
|
23.83
|
$
|
24.79
|
Total Return
D,E
|
(5.23)%
|
(1.68)%
|
25.17%
| |||
Ratios to Average Net Assets C,F,G
|
||||||
Expenses before reductions
|
.59%
H
|
.59%
|
.59%
H
| |||
Expenses net of fee
waivers, if any |
.59%
H
|
.59%
|
.59%
H
| |||
Expenses net of all
reductions |
.59%
H
|
.59%
|
.58%
H
| |||
Net investment income
(loss) |
1.50%
H
|
1.58%
|
1.80%
H
| |||
Supplemental Data |
||||||
Net assets, end of period
(000 omitted) |
$
|
17,301
|
$
|
20,257
|
$
|
16,735
|
Portfolio turnover rate
I,J
|
34%
H
|
24%
|
23%
K
|
Top
Holdings (% of Fund's net
assets) | ||
Builders
FirstSource, Inc. |
1.7
|
|
Hess
Corp. |
1.5
|
|
TFI
International, Inc. |
1.4
|
|
AutoZone,
Inc. |
1.3
|
|
Tempur
Sealy International, Inc. |
1.3
|
|
TechnipFMC
PLC |
1.3
|
|
CubeSmart
|
1.2
|
|
Comerica,
Inc. |
1.2
|
|
Molina
Healthcare, Inc. |
1.1
|
|
Performance
Food Group Co. |
1.1
|
|
13.1
|
||
Market
Sectors (% of Fund's net assets) | ||
Industrials
|
18.9
|
|
Financials
|
15.2
|
|
Consumer
Discretionary |
14.6
|
|
Information
Technology |
12.3
|
|
Health
Care |
11.3
|
|
Energy
|
7.3
|
|
Materials
|
6.6
|
|
Consumer
Staples |
4.7
|
|
Real
Estate |
4.4
|
|
Communication
Services |
1.9
|
|
Utilities
|
1.8
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 13%
|
Geographic
Diversification (% of Fund's net assets)
|
|
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are based on country or territory of incorporation and are adjusted for
the effect of derivatives, if applicable. |
Common
Stocks - 99.0% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 1.9% |
|||
Interactive
Media & Services - 0.4% |
|||
Ziff
Davis, Inc. (a) |
1,536
|
137,441
| |
Media
- 1.5% |
|||
Interpublic
Group of Companies, Inc. |
2,866
|
104,494
| |
Nexstar
Broadcasting Group, Inc. Class A |
1,539
|
315,141
| |
TechTarget,
Inc. (a) |
802
|
39,723
| |
459,358
| |||
TOTAL COMMUNICATION SERVICES
|
596,799
| ||
CONSUMER
DISCRETIONARY - 14.6% |
|||
Auto
Components - 0.6% |
|||
Adient
PLC (a) |
2,615
|
117,727
| |
Patrick
Industries, Inc. |
790
|
56,066
| |
173,793
| |||
Diversified
Consumer Services - 0.2% |
|||
Adtalem
Global Education, Inc. (a) |
1,526
|
58,263
| |
Hotels,
Restaurants & Leisure - 2.6% |
|||
Brinker
International, Inc. (a) |
3,248
|
128,166
| |
Churchill
Downs, Inc. |
1,227
|
304,419
| |
Light
& Wonder, Inc. Class A (a) |
1,959
|
127,825
| |
Wyndham
Hotels & Resorts, Inc. |
3,270
|
253,458
| |
813,868
| |||
Household
Durables - 3.6% |
|||
Helen
of Troy Ltd. (a) |
907
|
102,591
| |
KB
Home |
4,888
|
187,944
| |
LGI
Homes, Inc. (a) |
1,423
|
162,009
| |
Mohawk
Industries, Inc. (a) |
2,182
|
261,971
| |
Tempur
Sealy International, Inc. |
10,111
|
412,023
| |
1,126,538
| |||
Specialty
Retail - 4.4% |
|||
Academy
Sports & Outdoors, Inc. |
754
|
44,049
| |
American
Eagle Outfitters, Inc. |
8,527
|
137,626
| |
AutoZone,
Inc. (a) |
169
|
412,166
| |
Dick's
Sporting Goods, Inc. |
1,848
|
241,644
| |
Lithia
Motors, Inc. Class A (sub. vtg.) |
465
|
122,388
| |
Rent-A-Center,
Inc. |
3,694
|
99,332
| |
Williams-Sonoma,
Inc. |
2,222
|
299,837
| |
1,357,042
| |||
Textiles,
Apparel & Luxury Goods - 3.2% |
|||
Capri
Holdings Ltd. (a) |
4,687
|
311,639
| |
Crocs,
Inc. (a) |
2,293
|
279,219
| |
Gildan
Activewear, Inc. |
2,962
|
92,799
| |
Tapestry,
Inc. |
7,139
|
325,324
| |
1,008,981
| |||
TOTAL CONSUMER DISCRETIONARY
|
4,538,485
| ||
CONSUMER
STAPLES - 4.7% |
|||
Food
& Staples Retailing - 3.2% |
|||
BJ's
Wholesale Club Holdings, Inc. (a) |
4,558
|
330,318
| |
Performance
Food Group Co. (a) |
5,559
|
340,878
| |
U.S.
Foods Holding Corp. (a) |
5,691
|
216,998
| |
Walgreens
Boots Alliance, Inc. |
2,398
|
88,390
| |
976,584
| |||
Food
Products - 1.5% |
|||
Lamb
Weston Holdings, Inc. |
2,676
|
267,306
| |
Nomad
Foods Ltd. (a) |
8,362
|
148,760
| |
Seaboard
Corp. |
15
|
58,808
| |
474,874
| |||
TOTAL CONSUMER STAPLES |
1,451,458
| ||
ENERGY
- 7.3% |
|||
Energy
Equipment & Services - 1.3% |
|||
TechnipFMC
PLC (a) |
29,159
|
405,019
| |
Oil,
Gas & Consumable Fuels - 6.0% |
|||
Antero
Resources Corp. (a) |
9,140
|
263,598
| |
Cheniere
Energy, Inc. |
1,897
|
289,843
| |
Denbury,
Inc. (a) |
1,601
|
138,935
| |
EQT
Corp. |
4,840
|
158,123
| |
Hess
Corp. |
3,113
|
467,448
| |
HF
Sinclair Corp. |
3,316
|
188,680
| |
Marathon
Oil Corp. |
4,304
|
118,231
| |
Murphy
Oil Corp. |
4,573
|
199,429
| |
Sitio
Royalties Corp. |
1,118
|
29,705
| |
1,853,992
| |||
TOTAL ENERGY |
2,259,011
| ||
FINANCIALS
- 15.2% |
|||
Banks
- 6.5% |
|||
BOK
Financial Corp. |
1,070
|
107,535
| |
Cadence
Bank |
3,290
|
84,158
| |
Comerica,
Inc. |
4,895
|
358,852
| |
Cullen/Frost
Bankers, Inc. |
1,952
|
254,307
| |
Eastern
Bankshares, Inc. |
7,063
|
114,209
| |
First
Hawaiian, Inc. |
4,528
|
124,248
| |
First
Horizon National Corp. |
9,409
|
232,685
| |
Independent
Bank Group, Inc. |
1,200
|
73,560
| |
M&T
Bank Corp. |
631
|
98,436
| |
Synovus
Financial Corp. |
4,898
|
205,471
| |
Trico
Bancshares |
759
|
38,367
| |
Webster
Financial Corp. |
3,086
|
162,478
| |
Wintrust
Financial Corp. |
1,798
|
164,463
| |
2,018,769
| |||
Capital
Markets - 1.0% |
|||
LPL
Financial |
1,329
|
315,132
| |
Consumer
Finance - 1.5% |
|||
Discover
Financial Services |
2,364
|
275,950
| |
Encore
Capital Group, Inc. (a) |
1,119
|
62,351
| |
Synchrony
Financial |
3,612
|
132,669
| |
470,970
| |||
Insurance
- 5.8% |
|||
American
Financial Group, Inc. |
1,367
|
194,921
| |
Arch
Capital Group Ltd. (a) |
4,842
|
311,583
| |
Assurant,
Inc. |
1,691
|
224,210
| |
Enstar
Group Ltd. (a) |
406
|
98,374
| |
First
American Financial Corp. |
5,317
|
328,963
| |
Old
Republic International Corp. |
10,092
|
266,328
| |
Primerica,
Inc. |
1,202
|
194,424
| |
Reinsurance
Group of America, Inc. |
1,116
|
169,375
| |
1,788,178
| |||
Thrifts
& Mortgage Finance - 0.4% |
|||
Walker
& Dunlop, Inc. |
1,354
|
129,145
| |
TOTAL FINANCIALS |
4,722,194
| ||
HEALTH
CARE - 11.3% |
|||
Biotechnology
- 1.6% |
|||
ALX
Oncology Holdings, Inc. (a) |
263
|
2,446
| |
Arcellx,
Inc. |
662
|
22,117
| |
Arcutis
Biotherapeutics, Inc. (a) |
118
|
1,955
| |
Argenx
SE ADR (a) |
282
|
107,795
| |
Blueprint
Medicines Corp. (a) |
463
|
21,641
| |
Celldex
Therapeutics, Inc. (a) |
449
|
19,783
| |
Cytokinetics,
Inc. (a) |
804
|
34,154
| |
Day
One Biopharmaceuticals, Inc. (a) |
849
|
18,483
| |
Exelixis,
Inc. (a) |
3,004
|
52,930
| |
Keros
Therapeutics, Inc. (a) |
165
|
9,664
| |
Prelude
Therapeutics, Inc. (a) |
384
|
2,450
| |
PTC
Therapeutics, Inc. (a) |
690
|
31,664
| |
Relay
Therapeutics, Inc. (a) |
227
|
4,871
| |
United
Therapeutics Corp. (a) |
299
|
78,688
| |
Vaxcyte,
Inc. (a) |
734
|
33,287
| |
Vericel
Corp. (a) |
499
|
13,708
| |
Verve
Therapeutics, Inc. (a) |
547
|
12,444
| |
Zentalis
Pharmaceuticals, Inc. (a) |
729
|
17,204
| |
485,284
| |||
Health
Care Equipment & Supplies - 2.3% |
|||
Envista
Holdings Corp. (a) |
6,189
|
241,309
| |
Haemonetics
Corp. (a) |
1,807
|
152,872
| |
Hologic,
Inc. (a) |
2,625
|
213,596
| |
TransMedics
Group, Inc. (a) |
1,935
|
121,944
| |
729,721
| |||
Health
Care Providers & Services - 4.0% |
|||
Acadia
Healthcare Co., Inc. (a) |
3,053
|
256,513
| |
AdaptHealth
Corp. (a) |
6,850
|
146,796
| |
agilon
health, Inc. (a) |
4,893
|
106,472
| |
Molina
Healthcare, Inc. (a) |
1,125
|
350,809
| |
Owens
& Minor, Inc. |
4,888
|
96,489
| |
Premier,
Inc. |
2,064
|
68,855
| |
Universal
Health Services, Inc. Class B |
1,408
|
208,680
| |
1,234,614
| |||
Health
Care Technology - 0.7% |
|||
Doximity,
Inc. (a) |
3,115
|
109,866
| |
Evolent
Health, Inc. (a) |
3,111
|
100,236
| |
210,102
| |||
Life
Sciences Tools & Services - 1.4% |
|||
10X
Genomics, Inc. (a) |
492
|
23,040
| |
Charles
River Laboratories International, Inc. (a) |
984
|
239,358
| |
Syneos
Health, Inc. (a) |
2,916
|
104,743
| |
West
Pharmaceutical Services, Inc. |
280
|
74,368
| |
441,509
| |||
Pharmaceuticals
- 1.3% |
|||
Arvinas
Holding Co. LLC (a) |
597
|
19,564
| |
Axsome
Therapeutics, Inc. (a) |
398
|
29,850
| |
DICE
Therapeutics, Inc. (a) |
521
|
16,552
| |
Jazz
Pharmaceuticals PLC (a) |
1,804
|
282,615
| |
Prestige
Brands Holdings, Inc. (a) |
325
|
21,372
| |
Ventyx
Biosciences, Inc. (a) |
530
|
22,260
| |
Viatris,
Inc. |
818
|
9,947
| |
402,160
| |||
TOTAL HEALTH CARE |
3,503,390
| ||
INDUSTRIALS
- 18.9% |
|||
Aerospace
& Defense - 0.4% |
|||
Curtiss-Wright
Corp. |
802
|
132,972
| |
Building
Products - 1.7% |
|||
Builders
FirstSource, Inc. (a) |
6,526
|
520,110
| |
Commercial
Services & Supplies - 0.4% |
|||
The
Brink's Co. |
1,803
|
118,277
| |
Construction
& Engineering - 2.7% |
|||
AECOM
|
2,417
|
210,932
| |
Fluor
Corp. (a) |
7,583
|
278,675
| |
Granite
Construction, Inc. |
4,509
|
191,993
| |
Willscot
Mobile Mini Holdings (a) |
3,566
|
172,808
| |
854,408
| |||
Electrical
Equipment - 3.7% |
|||
Acuity
Brands, Inc. |
1,097
|
206,806
| |
AMETEK,
Inc. |
1,630
|
236,220
| |
Array
Technologies, Inc. (a) |
7,345
|
163,279
| |
Atkore,
Inc. (a) |
1,672
|
217,778
| |
Regal
Rexnord Corp. |
2,291
|
318,907
| |
1,142,990
| |||
Machinery
- 3.6% |
|||
Allison
Transmission Holdings, Inc. |
2,998
|
135,150
| |
Crane
Holdings Co. |
2,427
|
281,314
| |
Federal
Signal Corp. |
2,434
|
129,611
| |
ITT,
Inc. |
2,973
|
272,297
| |
Oshkosh
Corp. |
1,993
|
200,855
| |
SPX
Technologies, Inc. (a) |
1,496
|
112,215
| |
1,131,442
| |||
Professional
Services - 3.2% |
|||
ASGN,
Inc. (a) |
2,623
|
238,562
| |
CACI
International, Inc. Class A (a) |
800
|
246,472
| |
Insperity,
Inc. |
1,734
|
191,694
| |
KBR,
Inc. |
4,719
|
241,754
| |
Kforce,
Inc. |
1,086
|
60,957
| |
979,439
| |||
Road
& Rail - 1.4% |
|||
TFI
International, Inc. |
3,785
|
421,271
| |
Trading
Companies & Distributors - 1.8% |
|||
Beacon
Roofing Supply, Inc. (a) |
2,595
|
147,604
| |
Rush
Enterprises, Inc. Class A |
1,657
|
89,163
| |
Univar
Solutions, Inc. (a) |
9,462
|
326,250
| |
563,017
| |||
TOTAL INDUSTRIALS |
5,863,926
| ||
INFORMATION
TECHNOLOGY - 12.3% |
|||
Electronic
Equipment & Components - 3.1% |
|||
Advanced
Energy Industries, Inc. |
1,315
|
121,953
| |
Fabrinet
(a) |
1,931
|
254,235
| |
Flex
Ltd. (a) |
6,582
|
153,690
| |
Insight
Enterprises, Inc. (a) |
1,666
|
187,792
| |
TD
SYNNEX Corp. |
1,946
|
198,784
| |
TTM
Technologies, Inc. (a) |
3,547
|
55,759
| |
972,213
| |||
IT
Services - 4.3% |
|||
Amdocs
Ltd. |
3,133
|
288,017
| |
Concentrix
Corp. |
1,744
|
247,317
| |
EPAM
Systems, Inc. (a) |
533
|
177,302
| |
ExlService
Holdings, Inc. (a) |
1,148
|
195,849
| |
Genpact
Ltd. |
5,090
|
240,655
| |
WNS
Holdings Ltd. sponsored ADR (a) |
2,303
|
195,133
| |
1,344,273
| |||
Semiconductors
& Semiconductor Equipment - 2.3% |
|||
Cirrus
Logic, Inc. (a) |
482
|
43,568
| |
Ichor
Holdings Ltd. (a) |
3,185
|
107,653
| |
Lattice
Semiconductor Corp. (a) |
2,238
|
169,618
| |
MACOM
Technology Solutions Holdings, Inc. (a) |
1,927
|
129,148
| |
onsemi
(a) |
3,430
|
251,934
| |
701,921
| |||
Software
- 1.6% |
|||
Dynatrace,
Inc. (a) |
3,123
|
120,017
| |
Sprout
Social, Inc. (a) |
1,783
|
114,059
| |
Tenable
Holdings, Inc. (a) |
3,482
|
140,081
| |
Zoom
Video Communications, Inc. Class A (a) |
1,511
|
113,325
| |
487,482
| |||
Technology
Hardware, Storage & Peripherals - 1.0% |
|||
Avid
Technology, Inc. (a) |
3,701
|
112,177
| |
Seagate
Technology Holdings PLC |
3,010
|
204,018
| |
316,195
| |||
TOTAL INFORMATION TECHNOLOGY
|
3,822,084
| ||
MATERIALS
- 6.6% |
|||
Chemicals
- 2.9% |
|||
Cabot
Corp. |
1,982
|
149,304
| |
Element
Solutions, Inc. |
7,560
|
154,829
| |
The
Chemours Co. LLC |
5,277
|
192,030
| |
The
Mosaic Co. |
2,400
|
118,896
| |
Tronox
Holdings PLC |
3,097
|
53,114
| |
Valvoline,
Inc. |
6,498
|
238,217
| |
906,390
| |||
Construction
Materials - 1.1% |
|||
Eagle
Materials, Inc. |
1,446
|
211,232
| |
Summit
Materials, Inc. |
4,159
|
136,665
| |
347,897
| |||
Containers
& Packaging - 0.7% |
|||
O-I
Glass, Inc. (a) |
10,631
|
204,647
| |
Metals
& Mining - 1.4% |
|||
Commercial
Metals Co. |
4,046
|
219,576
| |
Steel
Dynamics, Inc. |
1,646
|
198,573
| |
418,149
| |||
Paper
& Forest Products - 0.5% |
|||
Louisiana-Pacific
Corp. |
2,320
|
157,969
| |
TOTAL MATERIALS |
2,035,052
| ||
REAL
ESTATE - 4.4% |
|||
Equity
Real Estate Investment Trusts (REITs) - 2.8% |
|||
Corporate
Office Properties Trust (SBI) |
3,747
|
105,178
| |
CubeSmart
|
8,345
|
382,118
| |
Douglas
Emmett, Inc. |
8,025
|
134,419
| |
Essential
Properties Realty Trust, Inc. |
6,076
|
154,816
| |
LXP
Industrial Trust (REIT) |
7,754
|
89,559
| |
866,090
| |||
Real
Estate Management & Development - 1.6% |
|||
Anywhere
Real Estate, Inc. (a) |
13,686
|
116,057
| |
Cushman
& Wakefield PLC (a) |
2,019
|
29,134
| |
Jones
Lang LaSalle, Inc. (a) |
1,815
|
335,539
| |
480,730
| |||
TOTAL REAL ESTATE |
1,346,820
| ||
UTILITIES
- 1.8% |
|||
Electric
Utilities - 0.8% |
|||
Edison
International |
1,842
|
126,914
| |
PG&E
Corp. (a) |
8,630
|
137,217
| |
264,131
| |||
Gas
Utilities - 0.4% |
|||
Brookfield
Infrastructure Corp. A Shares |
3,001
|
132,704
| |
Independent
Power and Renewable Electricity Producers - 0.6% |
|||
The
AES Corp. |
6,288
|
172,354
| |
TOTAL UTILITIES |
569,189
| ||
TOTAL
COMMON STOCKS
(Cost
$27,419,519) |
30,708,408
| ||
TOTAL
INVESTMENT IN SECURITIES - 99.0%
(Cost
$27,419,519)
|
30,708,408
|
NET
OTHER ASSETS (LIABILITIES) - 1.0%
|
317,364
|
NET
ASSETS - 100.0% |
31,025,772
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
596,799
|
596,799
|
-
|
-
|
Consumer
Discretionary |
4,538,485
|
4,538,485
|
-
|
-
|
Consumer
Staples |
1,451,458
|
1,451,458
|
-
|
-
|
Energy
|
2,259,011
|
2,259,011
|
-
|
-
|
Financials
|
4,722,194
|
4,722,194
|
-
|
-
|
Health
Care |
3,503,390
|
3,503,390
|
-
|
-
|
Industrials
|
5,863,926
|
5,863,926
|
-
|
-
|
Information
Technology |
3,822,084
|
3,822,084
|
-
|
-
|
Materials
|
2,035,052
|
2,035,052
|
-
|
-
|
Real
Estate |
1,346,820
|
1,346,820
|
-
|
-
|
Utilities
|
569,189
|
569,189
|
-
|
-
|
Total Investments in Securities: |
30,708,408
|
30,708,408
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$27,419,519):
|
$
|
30,708,408
| ||
Cash
|
341,407
| |||
Dividends
receivable |
3,886
| |||
Total
assets |
31,053,701
| |||
Liabilities
|
||||
Payable
for investments purchased |
$
|
13,518
|
||
Accrued
management fee |
14,411
|
|||
Total Liabilities
|
27,929
| |||
Net
Assets |
$
|
31,025,772
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
31,188,985
| ||
Total
accumulated earnings (loss) |
(163,213)
| |||
Net
Assets |
$
|
31,025,772
| ||
Net
Asset Value ,
offering price and redemption price per share ($31,025,772 ÷ 1,400,000
shares) |
$
|
22.16
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
166,180
| ||
Expenses
|
||||
Management
fee |
$
|
82,446
|
||
Independent
trustees' fees and expenses |
47
|
|||
Total Expenses |
82,493
| |||
Net
Investment income (loss) |
83,687
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Redemptions in-kind |
51,925
|
|||
Unaffiliated issuers |
(1,392,727)
|
|||
Foreign currency transactions |
(2)
|
|||
Futures contracts |
(1,144)
|
|||
Total
net realized gain (loss) |
(1,341,948)
| |||
Change
in net unrealized appreciation (depreciation) on investment securities
|
2,959,115
| |||
Net
gain (loss) |
1,617,167
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
1,700,854
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
83,687
|
$
|
127,019
|
Net
realized gain (loss) |
(1,341,948)
|
(1,352,161)
| ||
Change
in net unrealized appreciation (depreciation) |
2,959,115
|
(1,276,518)
| ||
Net
increase (decrease) in net assets resulting from operations
|
1,700,854
|
(2,501,660)
| ||
Distributions
to shareholders |
(100,725)
|
(131,575)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
2,643,063
|
8,178,290
| ||
Cost
of shares redeemed |
(964,910)
|
(2,355,247)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
1,678,153
|
5,823,043
| ||
Total
increase (decrease) in net assets |
3,278,282
|
3,189,808
| ||
Net
Assets |
||||
Beginning
of period |
27,747,490
|
24,557,682
| ||
End
of period |
$
|
31,025,772
|
$
|
27,747,490
|
Other
Information |
||||
Shares
|
||||
Sold
|
125,000
|
350,000
| ||
Redeemed
|
(50,000)
|
(100,000)
| ||
Net
increase (decrease) |
75,000
|
250,000
| ||
Fidelity®
Small-Mid Cap Opportunities ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
A
| ||||
Selected Per-Share
Data
|
||||||
Net asset value, beginning
of period |
$
|
20.94
|
$
|
22.84
|
$
|
20.00
|
Income from Investment
Operations |
||||||
Net investment income (loss) B,C
|
.06
|
.10
|
.03
| |||
Net realized and unrealized gain (loss)
|
1.23
|
(1.89)
|
2.84
| |||
Total from investment
operations |
1.29
|
(1.79)
|
2.87
| |||
Distributions from net
investment income |
(.07)
|
(.11)
|
(.03)
| |||
Total distributions |
(.07)
|
(.11)
|
(.03)
| |||
Net asset value, end of
period |
$
|
22.16
|
$
|
20.94
|
$
|
22.84
|
Total Return
D,E
|
6.22%
|
(7.88)%
|
14.36%
| |||
Ratios to Average Net Assets C,F,G
|
||||||
Expenses before reductions
|
.60%
H
|
.62%
|
.64%
H
| |||
Expenses net of fee
waivers, if any |
.60%
H
|
.62%
|
.64%
H
| |||
Expenses net of all
reductions |
.60%
H
|
.62%
|
.63%
H
| |||
Net investment income
(loss) |
.61%
H
|
.45%
|
.22%
H
| |||
Supplemental Data |
||||||
Net assets, end of period
(000 omitted) |
$
|
31,026
|
$
|
27,747
|
$
|
24,558
|
Portfolio turnover rate
I,J
|
37%
H
|
42%
|
37%
K
|
Top
Holdings (% of Fund's net
assets) | ||
Microsoft
Corp. |
6.0
|
|
Danaher
Corp. |
3.1
|
|
Cigna
Corp. |
2.5
|
|
The
Travelers Companies, Inc. |
2.4
|
|
Apple,
Inc. |
2.3
|
|
Prologis
(REIT), Inc. |
2.2
|
|
Salesforce.com,
Inc. |
2.2
|
|
Merck
& Co., Inc. |
2.1
|
|
NVIDIA
Corp. |
2.1
|
|
Bank
of America Corp. |
2.1
|
|
27.0
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
25.8
|
|
Financials
|
12.9
|
|
Consumer
Discretionary |
12.2
|
|
Health
Care |
11.5
|
|
Industrials
|
11.1
|
|
Communication
Services |
5.6
|
|
Consumer
Staples |
5.3
|
|
Materials
|
5.0
|
|
Energy
|
3.6
|
|
Real
Estate |
2.2
|
|
Utilities
|
1.9
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 8.7%
|
Common
Stocks - 97.1% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 5.6% |
|||
Entertainment
- 1.5% |
|||
Netflix,
Inc. (a) |
355
|
125,620
| |
Interactive
Media & Services - 1.3% |
|||
Alphabet,
Inc. Class A (a) |
1,112
|
109,910
| |
Media
- 2.8% |
|||
Cable
One, Inc. |
67
|
52,922
| |
Comcast
Corp. Class A |
2,239
|
88,105
| |
Interpublic
Group of Companies, Inc. |
2,440
|
88,962
| |
229,989
| |||
TOTAL COMMUNICATION SERVICES
|
465,519
| ||
CONSUMER
DISCRETIONARY - 12.2% |
|||
Auto
Components - 0.9% |
|||
Aptiv
PLC (a) |
652
|
73,735
| |
Automobiles
- 1.0% |
|||
General
Motors Co. |
1,437
|
56,503
| |
Tesla,
Inc. (a) |
143
|
24,770
| |
81,273
| |||
Diversified
Consumer Services - 2.0% |
|||
Adtalem
Global Education, Inc. (a) |
2,401
|
91,670
| |
Bright
Horizons Family Solutions, Inc. (a) |
1,002
|
76,934
| |
168,604
| |||
Hotels,
Restaurants & Leisure - 1.2% |
|||
Marriott
International, Inc. Class A |
589
|
102,592
| |
Household
Durables - 1.8% |
|||
Taylor
Morrison Home Corp. (a) |
4,122
|
147,568
| |
Internet
& Direct Marketing Retail - 2.3% |
|||
Amazon.com,
Inc. (a) |
795
|
81,988
| |
eBay,
Inc. |
2,160
|
106,920
| |
188,908
| |||
Specialty
Retail - 2.1% |
|||
The
Home Depot, Inc. |
529
|
171,486
| |
Textiles,
Apparel & Luxury Goods - 0.9% |
|||
Tapestry,
Inc. |
1,745
|
79,520
| |
TOTAL CONSUMER DISCRETIONARY
|
1,013,686
| ||
CONSUMER
STAPLES - 5.3% |
|||
Beverages
- 0.9% |
|||
Keurig
Dr. Pepper, Inc. |
2,057
|
72,571
| |
Food
& Staples Retailing - 0.9% |
|||
Albertsons
Companies, Inc. |
3,534
|
74,921
| |
Food
Products - 0.5% |
|||
Darling
Ingredients, Inc. (a) |
693
|
45,939
| |
Household
Products - 2.0% |
|||
Procter
& Gamble Co. |
1,198
|
170,571
| |
Personal
Products - 1.0% |
|||
Estee
Lauder Companies, Inc. Class A |
294
|
81,462
| |
TOTAL CONSUMER STAPLES |
445,464
| ||
ENERGY
- 3.6% |
|||
Energy
Equipment & Services - 1.3% |
|||
Baker
Hughes Co. Class A |
3,515
|
111,566
| |
Oil,
Gas & Consumable Fuels - 2.3% |
|||
Cheniere
Energy, Inc. |
219
|
33,461
| |
Denbury,
Inc. (a) |
622
|
53,977
| |
Valero
Energy Corp. |
742
|
103,902
| |
191,340
| |||
TOTAL ENERGY |
302,906
| ||
FINANCIALS
- 12.9% |
|||
Banks
- 3.1% |
|||
Bank
of America Corp. |
4,974
|
176,478
| |
Huntington
Bancshares, Inc. |
5,536
|
83,981
| |
260,459
| |||
Capital
Markets - 5.9% |
|||
BlackRock,
Inc. Class A |
135
|
102,493
| |
Moody's
Corp. |
308
|
99,407
| |
Northern
Trust Corp. |
1,438
|
139,443
| |
State
Street Corp. |
1,599
|
146,037
| |
487,380
| |||
Consumer
Finance - 1.5% |
|||
American
Express Co. |
717
|
125,425
| |
Insurance
- 2.4% |
|||
The
Travelers Companies, Inc. |
1,053
|
201,249
| |
TOTAL FINANCIALS |
1,074,513
| ||
HEALTH
CARE - 11.5% |
|||
Biotechnology
- 1.2% |
|||
Vertex
Pharmaceuticals, Inc. (a) |
324
|
104,684
| |
Health
Care Providers & Services - 2.5% |
|||
Cigna
Corp. |
650
|
205,836
| |
Life
Sciences Tools & Services - 4.4% |
|||
Danaher
Corp. |
962
|
254,334
| |
ICON
PLC (a) |
476
|
109,818
| |
364,152
| |||
Pharmaceuticals
- 3.4% |
|||
Merck
& Co., Inc. |
1,670
|
179,375
| |
Zoetis,
Inc. Class A |
656
|
108,561
| |
287,936
| |||
TOTAL HEALTH CARE |
962,608
| ||
INDUSTRIALS
- 11.1% |
|||
Air
Freight & Logistics - 1.3% |
|||
United
Parcel Service, Inc. Class B |
606
|
112,249
| |
Building
Products - 1.2% |
|||
Johnson
Controls International PLC |
1,451
|
100,946
| |
Electrical
Equipment - 2.2% |
|||
Acuity
Brands, Inc. |
506
|
95,391
| |
Generac
Holdings, Inc. (a) |
201
|
24,241
| |
Regal
Rexnord Corp. |
452
|
62,918
| |
182,550
| |||
Machinery
- 2.0% |
|||
Deere
& Co. |
200
|
84,568
| |
Ingersoll
Rand, Inc. |
1,474
|
82,544
| |
167,112
| |||
Professional
Services - 4.4% |
|||
KBR,
Inc. |
2,966
|
151,948
| |
Manpower,
Inc. |
837
|
72,953
| |
Planet
Labs PBC Class A (a) |
4,799
|
23,755
| |
Verisk
Analytics, Inc. |
629
|
114,346
| |
363,002
| |||
TOTAL INDUSTRIALS |
925,859
| ||
INFORMATION
TECHNOLOGY - 25.8% |
|||
Electronic
Equipment & Components - 0.7% |
|||
Flex
Ltd. (a) |
2,386
|
55,713
| |
IT
Services - 3.9% |
|||
Accenture
PLC Class A |
547
|
152,640
| |
MasterCard,
Inc. Class A |
267
|
98,950
| |
PayPal
Holdings, Inc. (a) |
864
|
70,407
| |
321,997
| |||
Semiconductors
& Semiconductor Equipment - 6.8% |
|||
Advanced
Micro Devices, Inc. (a) |
827
|
62,149
| |
NVIDIA
Corp. |
918
|
179,350
| |
NXP
Semiconductors NV |
545
|
100,449
| |
onsemi
(a) |
1,847
|
135,662
| |
SolarEdge
Technologies, Inc. (a) |
271
|
86,484
| |
564,094
| |||
Software
- 12.1% |
|||
Adobe,
Inc. (a) |
258
|
95,548
| |
Autodesk,
Inc. (a) |
452
|
97,252
| |
Intuit,
Inc. |
319
|
134,832
| |
Microsoft
Corp. |
2,035
|
504,294
| |
Salesforce.com,
Inc. (a) |
1,069
|
179,560
| |
1,011,486
| |||
Technology
Hardware, Storage & Peripherals - 2.3% |
|||
Apple,
Inc. |
1,354
|
195,369
| |
TOTAL INFORMATION TECHNOLOGY
|
2,148,659
| ||
MATERIALS
- 5.0% |
|||
Chemicals
- 2.2% |
|||
Eastman
Chemical Co. |
559
|
49,287
| |
Linde
PLC |
399
|
132,045
| |
181,332
| |||
Containers
& Packaging - 2.8% |
|||
Avery
Dennison Corp. |
755
|
143,027
| |
Crown
Holdings, Inc. |
1,003
|
88,424
| |
231,451
| |||
TOTAL MATERIALS |
412,783
| ||
REAL
ESTATE - 2.2% |
|||
Equity
Real Estate Investment Trusts (REITs) - 2.2% |
|||
Prologis
(REIT), Inc. |
1,441
|
186,292
| |
UTILITIES
- 1.9% |
|||
Electric
Utilities - 1.2% |
|||
NextEra
Energy, Inc. |
1,320
|
98,512
| |
Water
Utilities - 0.7% |
|||
American
Water Works Co., Inc. |
408
|
63,848
| |
TOTAL UTILITIES |
162,360
| ||
TOTAL
COMMON STOCKS
(Cost
$8,016,395) |
8,100,649
| ||
TOTAL
INVESTMENT IN SECURITIES - 97.1%
(Cost
$8,016,395)
|
8,100,649
|
NET
OTHER ASSETS (LIABILITIES) - 2.9%
|
242,590
|
NET
ASSETS - 100.0% |
8,343,239
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
465,519
|
465,519
|
-
|
-
|
Consumer
Discretionary |
1,013,686
|
1,013,686
|
-
|
-
|
Consumer
Staples |
445,464
|
445,464
|
-
|
-
|
Energy
|
302,906
|
302,906
|
-
|
-
|
Financials
|
1,074,513
|
1,074,513
|
-
|
-
|
Health
Care |
962,608
|
962,608
|
-
|
-
|
Industrials
|
925,859
|
925,859
|
-
|
-
|
Information
Technology |
2,148,659
|
2,148,659
|
-
|
-
|
Materials
|
412,783
|
412,783
|
-
|
-
|
Real
Estate |
186,292
|
186,292
|
-
|
-
|
Utilities
|
162,360
|
162,360
|
-
|
-
|
Total Investments in Securities: |
8,100,649
|
8,100,649
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$8,016,395):
|
$
|
8,100,649
| ||
Cash
|
156,385
| |||
Receivable
for investments sold |
86,885
| |||
Dividends
receivable |
3,027
| |||
Total
assets |
8,346,946
| |||
Liabilities
|
||||
Accrued
management fee |
$
|
3,707
|
||
Total Liabilities
|
3,707
| |||
Net
Assets |
$
|
8,343,239
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
8,686,340
| ||
Total
accumulated earnings (loss) |
(343,101)
| |||
Net
Assets |
$
|
8,343,239
| ||
Net
Asset Value ,
offering price and redemption price per share ($8,343,239 ÷ 425,000
shares) |
$
|
19.63
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
46,326
| ||
Special
dividends |
19,934
| |||
Total Income |
66,260
| |||
Expenses
|
||||
Management
fee |
$
|
19,682
|
||
Independent
trustees' fees and expenses |
11
|
|||
Total Expenses |
19,693
| |||
Net
Investment income (loss) |
46,567
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(148,121)
|
|||
Total
net realized gain (loss) |
(148,121)
| |||
Change
in net unrealized appreciation (depreciation) on investment securities
|
393,471
| |||
Net
gain (loss) |
245,350
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
291,917
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
46,567
|
$
|
29,286
|
Net
realized gain (loss) |
(148,121)
|
(169,763)
| ||
Change
in net unrealized appreciation (depreciation) |
393,471
|
(408,202)
| ||
Net
increase (decrease) in net assets resulting from operations
|
291,917
|
(548,679)
| ||
Distributions
to shareholders |
(47,400)
|
(36,950)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
2,335,410
|
4,831,792
| ||
Cost
of shares redeemed |
-
|
(1,603,015)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
2,335,410
|
3,228,777
| ||
Total
increase (decrease) in net assets |
2,579,927
|
2,643,148
| ||
Net
Assets |
||||
Beginning
of period |
5,763,312
|
3,120,164
| ||
End
of period |
$
|
8,343,239
|
$
|
5,763,312
|
Other
Information |
||||
Shares
|
||||
Sold
|
125,000
|
225,000
| ||
Redeemed
|
-
|
(75,000)
| ||
Net
increase (decrease) |
125,000
|
150,000
| ||
Fidelity®
Sustainability U.S. Equity ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
A
| ||||
Selected Per-Share
Data
|
||||||
Net asset value, beginning
of period |
$
|
19.21
|
$
|
20.80
|
$
|
20.00
|
Income from Investment
Operations |
||||||
Net investment income (loss) B,C
|
.13
D
|
.11
|
-
E
| |||
Net realized and unrealized gain (loss)
|
.41
|
(1.57)
|
.80
| |||
Total from investment
operations |
.54
|
(1.46)
|
.80
| |||
Distributions from net
investment income |
(.12)
|
(.13)
|
-
| |||
Total distributions |
(.12)
|
(.13)
|
-
| |||
Net asset value, end of
period |
$
|
19.63
|
$
|
19.21
|
$
|
20.80
|
Total Return
F,G
|
2.89%
|
(7.01)%
|
3.99%
| |||
Ratios to Average Net Assets C,H,I
|
||||||
Expenses before reductions
|
.59%
J
|
.59%
|
.59%
J
| |||
Expenses net of fee
waivers, if any |
.59%
J
|
.59%
|
.59%
J
| |||
Expenses net of all
reductions |
.59%
J
|
.59%
|
.59%
J
| |||
Net investment income
(loss) |
1.10%
D,J
|
.56%
|
(.07)%
J
| |||
Supplemental Data |
||||||
Net assets, end of period
(000 omitted) |
$
|
8,343
|
$
|
5,763
|
$
|
3,120
|
Portfolio turnover rate
K,L
|
55%
J
|
66%
|
23%
M
|
Top
Holdings (% of Fund's net
assets) | ||
Microsoft
Corp. |
2.9
|
|
CDW
Corp. |
2.3
|
|
Federal
Signal Corp. |
2.1
|
|
Apple,
Inc. |
2.1
|
|
AMETEK,
Inc. |
2.1
|
|
Hologic,
Inc. |
2.0
|
|
Progressive
Corp. |
2.0
|
|
Vertex
Pharmaceuticals, Inc. |
1.8
|
|
Hartford
Financial Services Group, Inc. |
1.8
|
|
Bank
of America Corp. |
1.8
|
|
20.9
|
||
Market
Sectors (% of Fund's net assets) | ||
Information
Technology |
26.4
|
|
Financials
|
13.6
|
|
Industrials
|
13.3
|
|
Consumer
Discretionary |
11.6
|
|
Health
Care |
11.4
|
|
Communication
Services |
5.4
|
|
Materials
|
5.2
|
|
Consumer
Staples |
4.5
|
|
Energy
|
2.6
|
|
Utilities
|
2.1
|
|
Real
Estate |
2.0
|
|
Asset
Allocation (% of Fund's net assets)
|
|
Foreign investments - 7.1%
|
Common
Stocks - 98.1% | |||
Shares
|
Value
($)
| ||
COMMUNICATION
SERVICES - 5.4% |
|||
Entertainment
- 2.0% |
|||
Netflix,
Inc. (a) |
161
|
56,971
| |
The
Walt Disney Co. (a) |
396
|
42,962
| |
99,933
| |||
Interactive
Media & Services - 1.5% |
|||
Alphabet,
Inc. Class C (a) |
263
|
26,266
| |
Bumble,
Inc. (a) |
1,910
|
49,183
| |
75,449
| |||
Media
- 1.9% |
|||
Cable
One, Inc. |
20
|
15,798
| |
Interpublic
Group of Companies, Inc. |
2,147
|
78,280
| |
94,078
| |||
TOTAL COMMUNICATION SERVICES
|
269,460
| ||
CONSUMER
DISCRETIONARY - 11.6% |
|||
Automobiles
- 0.8% |
|||
General
Motors Co. |
998
|
39,241
| |
Diversified
Consumer Services - 1.2% |
|||
Adtalem
Global Education, Inc. (a) |
830
|
31,689
| |
Bright
Horizons Family Solutions, Inc. (a) |
387
|
29,714
| |
61,403
| |||
Hotels,
Restaurants & Leisure - 1.7% |
|||
Marriott
International, Inc. Class A |
293
|
51,035
| |
Vail
Resorts, Inc. |
133
|
34,891
| |
85,926
| |||
Household
Durables - 0.8% |
|||
Taylor
Morrison Home Corp. (a) |
1,039
|
37,196
| |
Internet
& Direct Marketing Retail - 1.9% |
|||
Amazon.com,
Inc. (a) |
488
|
50,327
| |
Etsy,
Inc. (a) |
320
|
44,026
| |
94,353
| |||
Multiline
Retail - 0.5% |
|||
Kohl's
Corp. |
805
|
26,058
| |
Specialty
Retail - 3.2% |
|||
Best
Buy Co., Inc. |
367
|
32,560
| |
Gap,
Inc. |
2,251
|
30,546
| |
Lowe's
Companies, Inc. |
252
|
52,479
| |
Williams-Sonoma,
Inc. |
328
|
44,260
| |
159,845
| |||
Textiles,
Apparel & Luxury Goods - 1.5% |
|||
PVH
Corp. |
348
|
31,285
| |
Tapestry,
Inc. |
980
|
44,659
| |
75,944
| |||
TOTAL CONSUMER DISCRETIONARY
|
579,966
| ||
CONSUMER
STAPLES - 4.5% |
|||
Beverages
- 1.0% |
|||
The
Coca-Cola Co. |
816
|
50,037
| |
Food
& Staples Retailing - 0.5% |
|||
Albertsons
Companies, Inc. |
1,230
|
26,076
| |
Food
Products - 1.3% |
|||
The
Hershey Co. |
282
|
63,337
| |
Household
Products - 0.7% |
|||
The
Clorox Co. |
254
|
36,751
| |
Personal
Products - 1.0% |
|||
Estee
Lauder Companies, Inc. Class A |
182
|
50,429
| |
TOTAL CONSUMER STAPLES |
226,630
| ||
ENERGY
- 2.6% |
|||
Oil,
Gas & Consumable Fuels - 2.6% |
|||
EQT
Corp. |
672
|
21,954
| |
Occidental
Petroleum Corp. |
607
|
39,328
| |
Phillips
66 Co. |
709
|
71,091
| |
132,373
| |||
FINANCIALS
- 13.6% |
|||
Banks
- 5.0% |
|||
Bank
of America Corp. |
2,503
|
88,806
| |
Citigroup,
Inc. |
737
|
38,486
| |
First
Horizon National Corp. |
1,267
|
31,333
| |
First
United Corp. |
1,039
|
20,198
| |
Huntington
Bancshares, Inc. |
2,474
|
37,531
| |
JPMorgan
Chase & Co. |
245
|
34,290
| |
250,644
| |||
Capital
Markets - 4.0% |
|||
Franklin
Resources, Inc. |
1,070
|
33,384
| |
Morningstar,
Inc. |
219
|
53,191
| |
MSCI,
Inc. |
50
|
26,578
| |
NASDAQ,
Inc. |
1,444
|
86,914
| |
200,067
| |||
Insurance
- 4.6% |
|||
Hartford
Financial Services Group, Inc. |
1,168
|
90,648
| |
Marsh
& McLennan Companies, Inc. |
228
|
39,879
| |
Progressive
Corp. |
742
|
101,172
| |
231,699
| |||
TOTAL FINANCIALS |
682,410
| ||
HEALTH
CARE - 11.4% |
|||
Biotechnology
- 2.8% |
|||
Alnylam
Pharmaceuticals, Inc. (a) |
151
|
34,186
| |
Vertex
Pharmaceuticals, Inc. (a) |
282
|
91,114
| |
Zai
Lab Ltd. ADR (a) |
401
|
16,898
| |
142,198
| |||
Health
Care Equipment & Supplies - 2.3% |
|||
Figs,
Inc. Class A (a) |
1,737
|
15,546
| |
Hologic,
Inc. (a) |
1,251
|
101,794
| |
117,340
| |||
Health
Care Providers & Services - 3.2% |
|||
Cigna
Corp. |
268
|
84,868
| |
Elevance
Health, Inc. |
146
|
72,999
| |
157,867
| |||
Life
Sciences Tools & Services - 0.6% |
|||
ICON
PLC (a) |
138
|
31,838
| |
Pharmaceuticals
- 2.5% |
|||
Eli
Lilly & Co. |
81
|
27,876
| |
GSK
PLC sponsored ADR |
1,004
|
35,401
| |
Zoetis,
Inc. Class A |
367
|
60,735
| |
124,012
| |||
TOTAL HEALTH CARE |
573,255
| ||
INDUSTRIALS
- 13.3% |
|||
Air
Freight & Logistics - 1.3% |
|||
United
Parcel Service, Inc. Class B |
337
|
62,423
| |
Airlines
- 0.3% |
|||
JetBlue
Airways Corp. (a) |
1,704
|
13,632
| |
Commercial
Services & Supplies - 0.2% |
|||
Stericycle,
Inc. (a) |
195
|
10,493
| |
Electrical
Equipment - 4.0% |
|||
AMETEK,
Inc. |
709
|
102,748
| |
nVent
Electric PLC |
1,689
|
67,138
| |
Regal
Rexnord Corp. |
107
|
14,894
| |
Sunrun,
Inc. (a) |
662
|
17,397
| |
202,177
| |||
Machinery
- 4.2% |
|||
Deere
& Co. |
129
|
54,546
| |
Federal
Signal Corp. |
2,048
|
109,056
| |
Otis
Worldwide Corp. |
596
|
49,009
| |
212,611
| |||
Professional
Services - 3.3% |
|||
Leidos
Holdings, Inc. |
558
|
55,153
| |
Manpower,
Inc. |
484
|
42,185
| |
Planet
Labs PBC Class A (a) |
1,568
|
7,762
| |
Science
Applications International Corp. |
584
|
60,608
| |
165,708
| |||
TOTAL INDUSTRIALS |
667,044
| ||
INFORMATION
TECHNOLOGY - 26.4% |
|||
Communications
Equipment - 0.8% |
|||
Arista
Networks, Inc. (a) |
313
|
39,444
| |
Electronic
Equipment & Components - 3.8% |
|||
CDW
Corp. |
593
|
116,246
| |
Flex
Ltd. (a) |
1,085
|
25,335
| |
Insight
Enterprises, Inc. (a) |
436
|
49,146
| |
190,727
| |||
IT
Services - 6.8% |
|||
Accenture
PLC Class A |
309
|
86,226
| |
Cloudflare,
Inc. (a) |
263
|
13,915
| |
Genpact
Ltd. |
888
|
41,985
| |
MasterCard,
Inc. Class A |
219
|
81,161
| |
PayPal
Holdings, Inc. (a) |
418
|
34,063
| |
WEX,
Inc. (a) |
451
|
83,421
| |
340,771
| |||
Semiconductors
& Semiconductor Equipment - 4.7% |
|||
Advanced
Micro Devices, Inc. (a) |
497
|
37,350
| |
Axcelis
Technologies, Inc. (a) |
289
|
31,776
| |
Marvell
Technology, Inc. |
821
|
35,426
| |
NVIDIA
Corp. |
370
|
72,287
| |
NXP
Semiconductors NV |
313
|
57,689
| |
234,528
| |||
Software
- 8.2% |
|||
Adobe,
Inc. (a) |
178
|
65,921
| |
HubSpot,
Inc. (a) |
101
|
35,048
| |
Intuit,
Inc. |
157
|
66,359
| |
Microsoft
Corp. |
580
|
143,731
| |
Pagerduty,
Inc. (a) |
901
|
26,841
| |
Salesforce.com,
Inc. (a) |
435
|
73,067
| |
410,967
| |||
Technology
Hardware, Storage & Peripherals - 2.1% |
|||
Apple,
Inc. |
740
|
106,775
| |
TOTAL INFORMATION TECHNOLOGY
|
1,323,212
| ||
MATERIALS
- 5.2% |
|||
Chemicals
- 2.7% |
|||
Cabot
Corp. |
437
|
32,919
| |
Celanese
Corp. Class A |
285
|
35,112
| |
Eastman
Chemical Co. |
378
|
33,328
| |
Valvoline,
Inc. |
888
|
32,554
| |
133,913
| |||
Construction
Materials - 0.6% |
|||
Summit
Materials, Inc. |
980
|
32,203
| |
Metals
& Mining - 1.9% |
|||
Commercial
Metals Co. |
1,249
|
67,783
| |
Schnitzer
Steel Industries, Inc. Class A |
831
|
28,121
| |
95,904
| |||
TOTAL MATERIALS |
262,020
| ||
REAL
ESTATE - 2.0% |
|||
Equity
Real Estate Investment Trusts (REITs) - 2.0% |
|||
Equity
Lifestyle Properties, Inc. |
818
|
58,716
| |
Ventas,
Inc. |
792
|
41,034
| |
99,750
| |||
UTILITIES
- 2.1% |
|||
Electric
Utilities - 0.9% |
|||
NextEra
Energy, Inc. |
610
|
45,524
| |
Water
Utilities - 1.2% |
|||
American
Water Works Co., Inc. |
396
|
61,970
| |
TOTAL UTILITIES |
107,494
| ||
TOTAL
COMMON STOCKS
(Cost
$4,733,932) |
4,923,614
| ||
TOTAL
INVESTMENT IN SECURITIES - 98.1%
(Cost
$4,733,932)
|
4,923,614
|
NET
OTHER ASSETS (LIABILITIES) - 1.9%
|
95,845
|
NET
ASSETS - 100.0% |
5,019,459
|
(a)
|
Non-income
producing
|
Valuation
Inputs at Reporting Date: | ||||
Description
|
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
269,460
|
269,460
|
-
|
-
|
Consumer
Discretionary |
579,966
|
579,966
|
-
|
-
|
Consumer
Staples |
226,630
|
226,630
|
-
|
-
|
Energy
|
132,373
|
132,373
|
-
|
-
|
Financials
|
682,410
|
682,410
|
-
|
-
|
Health
Care |
573,255
|
573,255
|
-
|
-
|
Industrials
|
667,044
|
667,044
|
-
|
-
|
Information
Technology |
1,323,212
|
1,323,212
|
-
|
-
|
Materials
|
262,020
|
262,020
|
-
|
-
|
Real
Estate |
99,750
|
99,750
|
-
|
-
|
Utilities
|
107,494
|
107,494
|
-
|
-
|
Total Investments in Securities: |
4,923,614
|
4,923,614
|
-
|
-
|
Statement
of Assets and Liabilities | ||||
January
31, 2023
(Unaudited)
| ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$4,733,932):
|
$
|
4,923,614
| ||
Cash
|
86,071
| |||
Receivable
for investments sold |
9,475
| |||
Dividends
receivable |
2,625
| |||
Total
assets |
5,021,785
| |||
Liabilities
|
||||
Accrued
management fee |
$
|
2,326
|
||
Total Liabilities
|
2,326
| |||
Net
Assets |
$
|
5,019,459
| ||
Net
Assets consist of: |
||||
Paid
in capital |
$
|
5,145,836
| ||
Total
accumulated earnings (loss) |
(126,377)
| |||
Net
Assets |
$
|
5,019,459
| ||
Net
Asset Value ,
offering price and redemption price per share ($5,019,459 ÷ 275,000
shares) |
$
|
18.25
|
Statement
of Operations | ||||
Six
months ended
January
31, 2023
(Unaudited)
| ||||
Investment
Income |
||||
Dividends
|
$
|
23,313
| ||
Expenses
|
||||
Management
fee |
$
|
8,594
|
||
Independent
trustees' fees and expenses |
4
|
|||
Total Expenses |
8,598
| |||
Net
Investment income (loss) |
14,715
| |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(146,325)
|
|||
Total
net realized gain (loss) |
(146,325)
| |||
Change
in net unrealized appreciation (depreciation) on investment securities
|
431,093
| |||
Net
gain (loss) |
284,768
| |||
Net
increase (decrease) in net assets resulting from operations
|
$
|
299,483
|
Statement
of Changes in Net Assets | ||||
Six
months ended
January
31, 2023
(Unaudited)
|
Year
ended
July
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations
|
||||
Net
investment income (loss) |
$
|
14,715
|
$
|
14,603
|
Net
realized gain (loss) |
(146,325)
|
(157,065)
| ||
Change
in net unrealized appreciation (depreciation) |
431,093
|
(292,520)
| ||
Net
increase (decrease) in net assets resulting from operations
|
299,483
|
(434,982)
| ||
Distributions
to shareholders |
(14,550)
|
(13,700)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
2,107,174
|
1,499,632
| ||
Cost
of shares redeemed |
-
|
(474,202)
| ||
Net
increase (decrease) in net assets resulting from share transactions
|
2,107,174
|
1,025,430
| ||
Total
increase (decrease) in net assets |
2,392,107
|
576,748
| ||
Net
Assets |
||||
Beginning
of period |
2,627,352
|
2,050,604
| ||
End
of period |
$
|
5,019,459
|
$
|
2,627,352
|
Other
Information |
||||
Shares
|
||||
Sold
|
125,000
|
75,000
| ||
Redeemed
|
-
|
(25,000)
| ||
Net
increase (decrease) |
125,000
|
50,000
| ||
Fidelity®
Women's Leadership ETF |
Six
months ended
(Unaudited)
January 31, 2023
|
Years
ended July 31, 2022
|
2021
A
| ||||
Selected Per-Share
Data
|
||||||
Net asset value, beginning
of period |
$
|
17.52
|
$
|
20.51
|
$
|
20.00
|
Income from Investment
Operations |
||||||
Net investment income (loss) B,C
|
.09
|
.11
|
-
D
| |||
Net realized and unrealized gain (loss)
|
.74
|
(3.01)
|
.51
| |||
Total from investment
operations |
.83
|
(2.90)
|
.51
| |||
Distributions from net
investment income |
(.10)
|
(.09)
|
-
| |||
Total distributions |
(.10)
|
(.09)
|
-
| |||
Net asset value, end of
period |
$
|
18.25
|
$
|
17.52
|
$
|
20.51
|
Total Return
E,F
|
4.81%
|
(14.14)%
|
2.53%
| |||
Ratios to Average Net Assets C,G,H
|
||||||
Expenses before reductions
|
.59%
I
|
.59%
|
.59%
I
| |||
Expenses net of fee
waivers, if any |
.59%
I
|
.59%
|
.59%
I
| |||
Expenses net of all
reductions |
.59%
I
|
.59%
|
.59%
I
| |||
Net investment income
(loss) |
1.02%
I
|
.56%
|
.08%
I
| |||
Supplemental Data |
||||||
Net assets, end of period
(000 omitted) |
$
|
5,019
|
$
|
2,627
|
$
|
2,051
|
Portfolio turnover rate
J,K
|
53%
I
|
64%
|
5%
L
|
|
|
|
|
Dividend
Income |
Net
Unrealized Appreciation (Depreciation) |
Fidelity
Real Estate Income ETF |
$(62,567)
|
$62,567
|
|
Tax
cost |
Gross
unrealized appreciation |
Gross
unrealized depreciation |
Net
unrealized appreciation (depreciation) |
Fidelity
Blue Chip Growth ETF |
$476,496,071
|
$38,049,465
|
$
(72,611,600)
|
$
(34,562,135)
|
Fidelity
Blue Chip Value ETF |
128,126,014
|
19,055,591
|
(4,925,552)
|
14,130,039
|
Fidelity
Growth Opportunities ETF |
95,691,977
|
7,350,171
|
(7,585,839)
|
(235,668)
|
Fidelity
Magellan ETF |
40,191,609
|
3,305,510
|
(1,553,306)
|
1,752,204
|
Fidelity
New Millennium ETF |
77,099,878
|
10,056,480
|
(824,843)
|
9,231,637
|
Fidelity
Real Estate Investment ETF |
18,036,691
|
698,255
|
(1,479,779)
|
(781,524)
|
Fidelity
Small-Mid Cap Opportunities ETF
|
27,534,005
|
4,790,302
|
(1,615,899)
|
3,174,403
|
Fidelity
Sustainable U.S. Equity ETF |
8,136,769
|
725,496
|
(761,616)
|
(36,120)
|
Fidelity
Women's Leadership ETF |
4,805,947
|
441,817
|
(324,150)
|
117,667
|
|
Short-term
|
Long-term
|
Total
capital loss carryforward |
Fidelity
Blue Chip Growth ETF |
$(32,340,952)
|
$(6,605,668)
|
$
(38,946,620) |
Fidelity
Blue Chip Value ETF |
-
|
-
|
-
|
Fidelity
Growth Opportunities ETF |
(10,187,779)
|
(1,730,273)
|
(11,918,052)
|
Fidelity
Magellan ETF |
(3,889,621)
|
-
|
(3,889,621)
|
Fidelity
New Millennium ETF |
-
|
-
|
-
|
Fidelity
Real Estate Investment ETF |
-
|
-
|
-
|
Fidelity
Small-Mid Cap Opportunities ETF
|
(1,499,196)
|
(449,362)
|
(1,948,558)
|
Fidelity
Sustainable U.S. Equity ETF |
(181,512)
|
(25,150)
|
(206,662)
|
Fidelity
Women's Leadership ETF |
(114,801)
|
(92)
|
(114,893)
|
|
Capital
Losses |
Ordinary
Losses |
Fidelity
Blue Chip Growth ETF |
$-
|
$(778,962)
|
Fidelity
Blue Chip Value ETF |
(637,210)
|
-
|
Fidelity
Growth Opportunities ETF |
-
|
(47,174)
|
Fidelity
Real Estate Investment ETF |
(73,356)
|
-
|
|
|
Equity
Risk |
Equity
risk relates to the fluctuations in the value of financial instruments as
a result of changes in market prices (other than those arising from
interest rate risk or foreign exchange risk), whether caused by factors
specific to an individual investment, its issuer, or all factors affecting
all instruments traded in a market or market segment.
|
|
Purchases
($) |
Sales
($) |
Fidelity
Blue Chip Growth ETF |
83,917,078
|
70,585,458
|
Fidelity
Blue Chip Value ETF |
20,033,173
|
15,343,201
|
Fidelity
Growth Opportunities ETF |
37,121,937
|
30,174,919
|
Fidelity
Magellan ETF |
17,408,126
|
17,931,902
|
Fidelity
New Millennium ETF |
56,076,732
|
26,122,589
|
Fidelity
Real Estate Investment ETF |
2,915,833
|
2,966,815
|
Fidelity
Small-Mid Cap Opportunities ETF |
5,551,264
|
4,963,379
|
Fidelity
Sustainable U.S. Equity ETF |
2,283,619
|
1,731,582
|
Fidelity
Women's Leadership ETF |
1,267,582
|
752,973
|
|
In-Kind
Subscriptions ($) |
In-Kind
Redemptions ($) |
Fidelity
Blue Chip Growth ETF |
83,776,280
|
6,279,618
|
Fidelity
Blue Chip Value ETF |
25,016,077
|
3,407,098
|
Fidelity
Growth Opportunities ETF |
43,000,920
|
17,971,066
|
Fidelity
Magellan ETF |
2,154,116
|
2,884,131
|
Fidelity
New Millennium ETF |
18,656,957
|
24,079,877
|
Fidelity
Real Estate Investment ETF |
983,786
|
2,415,339
|
Fidelity
Small-Mid Cap Opportunities ETF |
1,703,146
|
644,488
|
Fidelity
Sustainable U.S. Equity ETF |
1,716,211
|
-
|
Fidelity
Women's Leadership ETF |
1,545,312
|
-
|
|
Amount
|
Fidelity
Blue Chip Growth ETF |
$1,419
|
Fidelity
Blue Chip Value ETF |
243
|
Fidelity
Growth Opportunities ETF |
612
|
Fidelity
Magellan ETF |
140
|
Fidelity
New Millennium ETF |
544
|
Fidelity
Real Estate Investment ETF |
71
|
Fidelity
Small-Mid Cap Opportunities ETF |
104
|
Fidelity
Sustainable U.S. Equity ETF |
33
|
Fidelity
Women's Leadership ETF |
17
|
|
Purchases
($) |
Sales
($) |
Realized
Gain (Loss) ($) |
Fidelity
Blue Chip Growth ETF |
3,952,846
|
462,804
|
23,663
|
Fidelity
Blue Chip Value ETF |
365,045
|
38,656
|
(155)
|
Fidelity
Growth Opportunities ETF |
825,711
|
199,211
|
(2,036)
|
Fidelity
Magellan ETF |
253,277
|
211,687
|
(19,146)
|
Fidelity
New Millennium ETF |
3,316,722
|
12,263
|
(925)
|
Fidelity
Real Estate Investment ETF |
42,176
|
-
|
-
|
Fidelity
Small-Mid Cap Opportunities ETF |
91,725
|
154,756
|
(95,079)
|
Fidelity
Sustainable U.S. Equity ETF |
51,639
|
50,694
|
(2,254)
|
Fidelity
Women's Leadership ETF |
7,499
|
1,401
|
(19)
|
|
Custodian
credits ($) |
Fidelity
Growth Opportunities ETF |
9
|
Fidelity
New Millennium ETF |
1
|
The
Example is based on an investment of $1,000 invested at the beginning of
the period and held for the entire period (August 1, 2022 to January 31,
2023). |
Annualized
Expense Ratio- A
|
Beginning
Account Value August 1, 2022 |
Ending
Account Value January 31, 2023 |
Expenses
Paid During Period- C
August
1, 2022 to January 31, 2023 | |||||||
Fidelity®
Blue Chip Growth ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
957.20 |
$
2.91 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
Fidelity®
Blue Chip Value ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
1,045.40 |
$
3.04 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
Fidelity®
Growth Opportunities ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
972.70 |
$
2.93 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
Fidelity®
Magellan® ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
945.70 |
$
2.89 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
Fidelity®
New Millennium ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
1,082.20 |
$
3.10 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
Fidelity®
Real Estate Investment ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
947.70 |
$
2.90 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
Fidelity®
Small-Mid Cap Opportunities ETF |
.60%
|
|||||||||
Actual
|
$
1,000 |
$
1,062.20 |
$
3.12 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.18 |
$
3.06 | |||||||
Fidelity®
Sustainable U.S. Equity ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
1,028.90 |
$
3.02 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
Fidelity®
Women's Leadership ETF |
.59%
|
|||||||||
Actual
|
$
1,000 |
$
1,048.10 |
$
3.05 | |||||||
Hypothetical-
B
|
$
1,000 |
$
1,022.23 |
$
3.01 | |||||||
|