These
securities have not been approved or disapproved by the Securities and
Exchange Commission, and the Securities and Exchange Commission has not
determined if this prospectus is accurate or complete. Any representation
to the contrary is a criminal offense.
|
245
Summer Street, Boston, MA 02210
|
Fund Summary |
|
Fund Basics |
|
Shareholder Information |
Additional Information about the Purchase and Sale of Shares |
Fund Services |
|
Appendix |
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2017
|
2018
|
2019
|
2020
|
2021
| ||||||
|
-
|
|
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Past
5
years
|
Life
of
fund
A
|
Fidelity®
Dividend ETF for Rising Rates |
|||
|
|
|
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees or expenses) |
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2017
|
2018
|
2019
|
2020
|
2021
| ||||||
|
-
|
|
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Past
5
years
|
Life
of
fund
A
|
Fidelity®
High Dividend ETF |
|||
|
|
|
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees or expenses) |
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2017
|
2018
|
2019
|
2020
|
2021
| ||||||
|
|
|
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Past
5
years
|
Life
of
fund
A
|
Fidelity®
Low Volatility Factor ETF |
|||
|
|
|
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2017
|
2018
|
2019
|
2020
|
2021
| ||||||
|
-
|
|
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Past
5
years
|
Life
of
fund
A
|
Fidelity®
Momentum Factor ETF |
|||
|
|
|
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2017
|
2018
|
2019
|
2020
|
2021
| ||||||
|
-
|
|
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Past
5
years
|
Life
of
fund
A
|
Fidelity®
Quality Factor ETF |
|||
|
|
|
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2020
|
2021
| |||||||||
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Life
of
fund
A
|
Fidelity®
Small-Mid Multifactor ETF |
||
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2020
|
2021
| |||||||||
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Life
of
fund
A
|
Fidelity®
Stocks for Inflation ETF |
||
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2021
| ||||||||||
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Life
of
fund
A
|
Fidelity®
U.S. Multifactor ETF |
||
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
(fees
paid directly from your investment) |
|
Management
fee |
|
Distribution
and/or Service (12b-1) fees |
|
Other
expenses |
|
Total
annual operating expenses |
|
1
year |
$
|
|
3
years |
$
|
|
5
years |
$
|
|
10
years |
$
|
|
2017
|
2018
|
2019
|
2020
|
2021
| ||||||
|
-
|
|
|
|
During
the periods shown in the chart: |
Returns
|
Quarter
ended |
|
|
|
|
-
|
|
|
-
|
|
For
the periods ended December 31, 2021 |
Past
1
year
|
Past
5
years
|
Life
of
fund
A
|
Fidelity®
Value Factor ETF |
|||
|
|
|
|
|
|
|
|
|
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
(reflects
no deduction for fees, expenses, or taxes) |
|
|
|
Fund
Name |
Dividends
Paid |
Fidelity®
Dividend ETF for Rising Rates |
March,
June, September, December |
Fidelity®
High Dividend ETF |
March,
June, September, December |
Fidelity®
Low Volatility Factor ETF |
March,
June, September, December |
Fidelity®
Momentum Factor ETF |
March,
June, September, December |
Fidelity®
Quality Factor ETF |
March,
June, September, December |
Fidelity®
Small-Mid Multifactor ETF |
March,
June, September, December |
Fidelity®
Stocks for Inflation ETF |
March,
June, September, December |
Fidelity®
U.S. Multifactor ETF |
March,
June, September, December |
Fidelity®
Value Factor ETF |
March,
June, September, December |
Fund
Name |
Capital
Gains Paid |
Fidelity®
Dividend ETF for Rising Rates |
December
|
Fidelity®
High Dividend ETF |
December
|
Fidelity®
Low Volatility Factor ETF |
December
|
Fidelity®
Momentum Factor ETF |
December
|
Fidelity®
Quality Factor ETF |
December
|
Fidelity®
Small-Mid Multifactor ETF |
December
|
Fidelity®
Stocks for Inflation ETF |
December
|
Fidelity®
U.S. Multifactor ETF |
December
|
Fidelity®
Value Factor ETF |
December
|
Fund
|
Management
Fee Rate |
Fidelity®
Dividend ETF for Rising Rates |
0.29%
|
Fidelity®
High Dividend ETF |
0.29%
|
Fidelity®
Low Volatility Factor ETF |
0.29%
|
Fidelity®
Momentum Factor ETF |
0.29%
|
Fidelity®
Quality Factor ETF |
0.29%
|
Fidelity®
Small-Mid Multifactor ETF |
0.29%
|
Fidelity®
Stocks for Inflation ETF |
0.29%
|
Fidelity®
U.S. Multifactor ETF |
0.29%
|
Fidelity®
Value Factor ETF |
0.29%
|
Fidelity
Dividend ETF For Rising Rates |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 |
Year
ended
July
31, 2019 |
Year
ended
July
31, 2018 |
Selected
Per-Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$
42.62
|
$
31.72
|
$
32.31
|
$
31.54
|
$
28.50
|
Income
from Investment Operations |
|
|
|
|
|
Net
investment income (loss) A,B
|
1.08
|
0.93
|
1.01
|
1.07
|
0.93
|
Net
realized and unrealized gain (loss) |
(1.54)
|
10.85
|
(0.56)
|
0.79
|
3.03
|
Total
from investment operations |
(0.46)
|
11.78
|
0.45
|
1.86
|
3.96
|
Distributions
from net investment income |
(1.08)
|
(0.88)
|
(1.04)
|
(1.09)
|
(0.92)
|
Total
distributions |
(1.08)
|
(0.88)
|
(1.04)
|
(1.09)
|
(0.92)
|
Net
asset value, end of period |
$
41.08
|
$
42.62
|
$
31.72
|
$
32.31
|
$
31.54
|
Total
Return C,D
|
(1.06)%
|
37.57%
|
1.86%
|
6.09%
|
14.04%
|
Ratios
to Average Net Assets A,E,F
|
|
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Net
investment income (loss) |
2.54%
|
2.44%
|
3.15%
|
3.42%
|
3.08%
|
Supplemental
Data |
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$612,143
|
$490,089
|
$282,317
|
$360,229
|
$346,896
|
Portfolio
turnover rate G,H
|
28%
|
32%
|
35%
|
35%
|
38%
|
Fidelity
High Dividend ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 |
Year
ended
July
31, 2019 |
Year
ended
July
31, 2018 |
Selected
Per-Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$
38.05
|
$
27.56
|
$
30.12
|
$
30.15
|
$
26.98
|
Income
from Investment Operations |
|
|
|
|
|
Net
investment income (loss) A,B
|
1.21
|
1.02
|
1.10
|
1.23
|
1.09
|
Net
realized and unrealized gain (loss) |
0.44
C
|
10.48
|
(2.52)
|
(0.03)
|
3.21
|
Total
from investment operations |
1.65
|
11.50
|
(1.42)
|
1.20
|
4.30
|
Distributions
from net investment income |
(1.26)
|
(1.01)
|
(1.14)
|
(1.23)
|
(1.12)
|
Distributions
from net realized gain |
-
|
-
|
-
|
-
|
(0.01)
|
Total
distributions |
(1.26)
|
(1.01)
|
(1.14)
|
(1.23)
|
(1.13)
|
Net
asset value, end of period |
$
38.44
|
$
38.05
|
$
27.56
|
$
30.12
|
$
30.15
|
Total
Return D,E
|
4.43%
|
42.42%
|
(4.54)%
|
4.16%
|
16.23%
|
Ratios
to Average Net Assets A,F,G
|
|
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Net
investment income (loss) |
3.11%
|
3.04%
|
3.85%
|
4.15%
|
3.80%
|
Supplemental
Data |
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$1,278,054
|
$1,052,122
|
$520,795
|
$362,952
|
$171,835
|
Portfolio
turnover rate H,I
|
38%
|
32%
|
49%
|
50%
|
53%
|
Fidelity
Low Volatility Factor ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 |
Year
ended
July
31, 2019 |
Year
ended
July
31, 2018 |
Selected
Per-Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$
48.75
|
$
38.33
|
$
36.37
|
$
32.40
|
$
28.19
|
Income
from Investment Operations |
|
|
|
|
|
Net
investment income (loss) A,B
|
0.62
|
0.56
|
0.62
|
0.62
|
0.53
|
Net
realized and unrealized gain (loss) |
(1.17)
|
10.43
|
1.95
|
3.92
|
4.20
|
Total
from investment operations |
(0.55)
|
10.99
|
2.57
|
4.54
|
4.73
|
Distributions
from net investment income |
(0.62)
|
(0.57)
|
(0.61)
|
(0.57)
|
(0.52)
|
Total
distributions |
(0.62)
|
(0.57)
|
(0.61)
|
(0.57)
|
(0.52)
|
Net
asset value, end of period |
$
47.58
|
$
48.75
|
$
38.33
|
$
36.37
|
$
32.40
|
Total
Return C,D
|
(1.12)%
|
28.90%
|
7.29%
|
14.20%
|
16.89%
|
Ratios
to Average Net Assets A,E,F
|
|
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Net
investment income (loss) |
1.27%
|
1.31%
|
1.69%
|
1.83%
|
1.73%
|
Supplemental
Data |
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$444,863
|
$511,897
|
$350,708
|
$245,502
|
$66,420
|
Portfolio
turnover rate G,H
|
28%
|
46%
|
31%
|
36%
|
31%
|
Fidelity
Momentum Factor ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 |
Year
ended
July
31, 2019 |
Year
ended
July
31, 2018 |
Selected
Per-Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$
49.77
|
$
39.26
|
$
35.80
|
$
33.58
|
$
28.60
|
Income
from Investment Operations |
|
|
|
|
|
Net
investment income (loss) A,B
|
0.43
|
0.25
|
0.42
|
0.40
|
0.36
|
Net
realized and unrealized gain (loss) |
(4.01)
|
10.54
|
3.47
|
2.22
|
4.97
|
Total
from investment operations |
(3.58)
|
10.79
|
3.89
|
2.62
|
5.33
|
Distributions
from net investment income |
(0.41)
|
(0.28)
|
(0.43)
|
(0.40)
|
(0.35)
|
Total
distributions |
(0.41)
|
(0.28)
|
(0.43)
|
(0.40)
|
(0.35)
|
Net
asset value, end of period |
$
45.78
|
$
49.77
|
$
39.26
|
$
35.80
|
$
33.58
|
Total
Return C,D
|
(7.20)%
|
27.58%
|
11.06%
|
7.91%
|
18.72%
|
Ratios
to Average Net Assets A,E,F
|
|
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Net
investment income (loss) |
.88%
|
.55%
|
1.18%
|
1.18%
|
1.14%
|
Supplemental
Data |
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$116,748
|
$156,764
|
$88,329
|
$121,736
|
$95,702
|
Portfolio
turnover rate G,H
|
123%
|
128%
|
138%
|
133%
|
125%
|
Fidelity
Quality Factor ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 |
Year
ended
July
31, 2019 |
Year
ended
July
31, 2018 |
Selected
Per-Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$
51.19
|
$
38.19
|
$
35.28
|
$
33.47
|
$
29.11
|
Income
from Investment Operations |
|
|
|
|
|
Net
investment income (loss) A,B
|
0.67
|
0.62
|
0.62
|
0.58
|
0.53
|
Net
realized and unrealized gain (loss) |
(3.10)
|
13.00
|
2.90
|
1.77
|
4.38
|
Total
from investment operations |
(2.43)
|
13.62
|
3.52
|
2.35
|
4.91
|
Distributions
from net investment income |
(0.70)
|
(0.62)
|
(0.61)
|
(0.54)
|
(0.55)
|
Total
distributions |
(0.70)
|
(0.62)
|
(0.61)
|
(0.54)
|
(0.55)
|
Net
asset value, end of period |
$
48.06
|
$
51.19
|
$
38.19
|
$
35.28
|
$
33.47
|
Total
Return C,D
|
(4.79)%
|
36.00%
|
10.26%
|
7.14%
|
16.95%
|
Ratios
to Average Net Assets A,E,F
|
|
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Net
investment income (loss) |
1.33%
|
1.39%
|
1.74%
|
1.72%
|
1.66%
|
Supplemental
Data |
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$266,714
|
$245,721
|
$147,022
|
$162,282
|
$65,259
|
Portfolio
turnover rate G,H
|
38%
|
35%
|
41%
|
29%
|
30%
|
Fidelity
Small-Mid Multifactor ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 |
Year
ended
July
31, 2019 A
|
Selected
Per-Share Data |
|
|
|
|
Net
asset value, beginning of period |
$
33.97
|
$
23.90
|
$
25.50
|
$24.85
|
Income
from Investment Operations |
|
|
|
|
Net
investment income (loss) B,C
|
0.45
|
0.38
|
0.31
|
0.18
|
Net
realized and unrealized gain (loss) |
(1.26)
|
10.11
|
(1.58)
|
0.64
|
Total
from investment operations |
(0.81)
|
10.49
|
(1.27)
|
0.82
|
Distributions
from net investment income |
(0.46)
|
(0.42)
|
(0.33)
|
(0.17)
|
Total
distributions |
(0.46)
|
(0.42)
|
(0.33)
|
(0.17)
|
Net
asset value, end of period |
$
32.70
|
$
33.97
|
$
23.90
|
$25.50
|
Total
Return D,E,F
|
(2.35)%
|
44.21%
|
(4.90)%
|
3.35%
|
Ratios
to Average Net Assets B,G,H
|
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
|
.29%
I
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
|
.29%
I
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
|
.29%
I
|
Net
investment income (loss) |
1.35%
|
1.23%
|
1.32%
|
1.70%
I
|
Supplemental
Data |
|
|
|
|
Net
assets, end of period (000 omitted) |
$71,949
|
$67,939
|
$19,117
|
$7,650
|
Portfolio
turnover rate J,K
|
60%
|
61%
|
52%
|
2%
L
|
Fidelity
Stocks For Inflation ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 A
|
Selected
Per-Share Data |
|
|
|
Net
asset value, beginning of period |
$
30.72
|
$
24.07
|
$24.94
|
Income
from Investment Operations |
|
|
|
Net
investment income (loss) B,C
|
0.54
|
0.39
|
0.38
|
Net
realized and unrealized gain (loss) |
1.00
D
|
7.08
|
(0.90)
|
Total
from investment operations |
1.54
|
7.47
|
(0.52)
|
Distributions
from net investment income |
(0.51)
|
(0.82)
|
(0.35)
|
Total
distributions |
(0.51)
|
(0.82)
|
(0.35)
|
Net
asset value, end of period |
$
31.75
|
$
30.72
|
$24.07
|
Total
Return E,F,G
|
5.03%
|
31.78%
|
(1.88)%
|
Ratios
to Average Net Assets B,H,I
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
J,K
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
J,K
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
J,K
|
Net
investment income (loss) |
1.68%
|
1.34%
|
2.16%
J,K
|
Supplemental
Data |
|
|
|
Net
assets, end of period (000 omitted) |
$260,379
|
$46,083
|
$3,610
|
Portfolio
turnover rate L,M
|
76%
|
52%
|
65%
N
|
Fidelity
U.S. Multifactor ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 A
|
Selected
Per-Share Data |
|
|
Net
asset value, beginning of period |
$
25.54
|
$
20.09
|
Income
from Investment Operations |
|
|
Net
investment income (loss) B,C
|
0.41
|
0.31
D
|
Net
realized and unrealized gain (loss) |
(1.09)
|
5.62
|
Total
from investment operations |
(0.68)
|
5.93
|
Distributions
from net investment income |
(0.40)
|
(0.48)
|
Total
distributions |
(0.40)
|
(0.48)
|
Net
asset value, end of period |
$
24.46
|
$
25.54
|
Total
Return E,F,G
|
(2.64)%
|
29.94%
|
Ratios
to Average Net Assets B,H,I
|
|
|
Expenses
before reductions |
.29%
|
.29%
J
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
J
|
Expenses
net of all reductions |
.29%
|
.29%
J
|
Net
investment income (loss) |
1.63%
|
1.56%
D,J
|
Supplemental
Data |
|
|
Net
assets, end of period (000 omitted) |
$14,676
|
$11,491
|
Portfolio
turnover rate K,L
|
46%
|
30%
M
|
Fidelity
Value Factor ETF |
|
Year
ended
July
31, 2022 |
Year
ended
July
31, 2021 |
Year
ended
July
31, 2020 |
Year
ended
July
31, 2019 |
Year
ended
July
31, 2018 |
Selected
Per-Share Data |
|
|
|
|
|
Net
asset value, beginning of period |
$
48.94
|
$
34.85
|
$
34.53
|
$
33.90
|
$
29.72
|
Income
from Investment Operations |
|
|
|
|
|
Net
investment income (loss) A,B
|
0.79
|
0.64
|
0.73
|
0.70
|
0.58
|
Net
realized and unrealized gain (loss) |
(2.65)
|
14.07
|
0.28
|
0.59
|
4.18
|
Total
from investment operations |
(1.86)
|
14.71
|
1.01
|
1.29
|
4.76
|
Distributions
from net investment income |
(0.81)
|
(0.62)
|
(0.69)
|
(0.66)
|
(0.58)
|
Total
distributions |
(0.81)
|
(0.62)
|
(0.69)
|
(0.66)
|
(0.58)
|
Net
asset value, end of period |
$
46.27
|
$
48.94
|
$
34.85
|
$
34.53
|
$
33.90
|
Total
Return C,D
|
(3.86)%
|
42.56%
|
3.12%
|
3.95%
|
16.11%
|
Ratios
to Average Net Assets A,E,F
|
|
|
|
|
|
Expenses
before reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of fee waivers, if any |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Expenses
net of all reductions |
.29%
|
.29%
|
.29%
|
.29%
|
.30%
|
Net
investment income (loss) |
1.61%
|
1.50%
|
2.13%
|
2.09%
|
1.79%
|
Supplemental
Data |
|
|
|
|
|
Net
assets, end of period (000 omitted) |
$499,673
|
$450,269
|
$189,916
|
$136,403
|
$86,450
|
Portfolio
turnover rate G,H
|
46%
|
42%
|
45%
|
31%
|
38%
|
The
SAI, the funds' annual and semi-annual reports and other related materials
are available from the Electronic Data Gathering, Analysis, and Retrieval
(EDGAR) Database on the SEC's web site (http://www.sec.gov). You can
obtain copies of this information, after paying a duplicating fee, by
sending a request by e-mail to [email protected] or by writing the Public
Reference Section of the SEC, Washington, D.C. 20549-1520. You can also
review and copy information about the funds, including the funds' SAI, at
the SEC's Public Reference Room in Washington, D.C. Call 1-202-551-8090
for information on the operation of the SEC's Public Reference
Room. |
Investment
Company Act of 1940, File Number(s), 811-07319
|
1.9870686.107
|
CPF-PRO-1122
|