Contents
Average
Annual Total Returns | |||
Periods
ended October 31, 2023
|
Past
1
year |
Life
of
Fund
|
Fidelity®
Emerging Markets Multifactor ETF - NAV A |
14.76% |
-0.08% |
Fidelity®
Emerging Markets Multifactor ETF - Market Price B |
15.48% |
0.15% |
Fidelity
Emerging Markets Multifactor Index℠ A |
16.37% |
0.65% |
MSCI
Emerging Markets Index A |
10.84% |
-0.70% |
$10,000 Over Life of Fund |
Let's
say hypothetically that $10,000 was invested in Fidelity® Emerging Markets
Multifactor ETF - NAV, on February 26, 2019, when the fund
started.
The
chart shows how the value of your investment would have changed, and also
shows how the Fidelity Emerging Markets Multifactor Index℠ and the MSCI
Emerging Markets Index performed over the same
period. |
![]() |
Top
Holdings (% of Fund's net
assets) | ||
Tencent
Holdings Ltd. (China, Interactive Media &
Services) |
3.7 |
|
Samsung
Electronics Co. Ltd. (Korea (South), Technology
Hardware, Storage & Peripherals) |
3.4 |
|
Alibaba
Group Holding Ltd. (China, Broadline
Retail) |
1.8 |
|
Emaar
Properties PJSC (United Arab Emirates, Real
Estate Management & Development) |
1.7 |
|
C&D
International Investment Group Ltd. (China,
Real Estate Management & Development) |
1.6 |
|
Terrafina
(Mexico, Equity Real Estate Investment Trusts
(REITs)) |
1.5 |
|
Turkiye
Petrol Rafinerileri A/S (Turkey, Oil, Gas &
Consumable Fuels) |
1.4 |
|
HDFC
Bank Ltd. (India, Banks) |
1.4 |
|
Ruentex
Development Co. Ltd. (Taiwan, Real Estate
Management & Development) |
1.4 |
|
Coal
India Ltd. (India, Oil, Gas & Consumable
Fuels) |
1.3 |
|
19.2 |
||
Market
Sectors (% of Fund's net assets) | ||
Financials |
20.3 |
|
Information
Technology |
15.5 |
|
Communication
Services |
13.5 |
|
Energy |
11.0 |
|
Consumer
Staples |
9.8 |
|
Consumer
Discretionary |
9.5 |
|
Utilities |
7.5 |
|
Real
Estate |
6.2 |
|
Materials |
3.7 |
|
Industrials |
2.8 |
|
Asset
Allocation (% of Fund's net assets)
|
![]() |
Futures - 0.2% |
Geographic
Diversification (% of Fund's net assets)
|
![]() |
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are adjusted for the effect of derivatives, if
applicable. |
Common
Stocks - 98.2% | |||
Shares |
Value
($)
| ||
Brazil
- 2.7% |
|||
Banco
do Brasil SA |
12,900 |
123,679 | |
BB
Seguridade Participacoes SA |
14,900 |
90,883 | |
CPFL
Energia SA (a) |
35,200 |
233,410 | |
Itausa-Investimentos
Itau SA |
1,011 |
1,720 | |
TIM
SA |
35,200 |
105,886 | |
Vale
SA |
9,200 |
125,877 | |
TOTAL BRAZIL |
681,455 | ||
Chile
- 0.4% |
|||
Banco
de Chile |
906,616 |
92,843 | |
China
- 25.3% |
|||
Agricultural
Bank of China Ltd. (H Shares) |
299,000 |
110,435 | |
Alibaba
Group Holding Ltd. (a) |
45,700 |
467,536 | |
Anta
Sports Products Ltd. |
7,600 |
85,814 | |
Autohome,
Inc. ADR Class A |
3,278 |
87,687 | |
Baidu,
Inc. Class A (a) |
13,850 |
181,785 | |
Bank
of China Ltd. (H Shares) |
417,000 |
146,024 | |
Bank
of Communications Co. Ltd. (H Shares) |
169,000 |
100,001 | |
Beijing
Enterprises Holdings Ltd. |
78,000 |
259,681 | |
Bosideng
International Holdings Ltd. |
110,000 |
43,440 | |
Brilliance
China Automotive Holdings Ltd. |
98,000 |
44,963 | |
C&D
International Investment Group Ltd. |
179,175 |
402,105 | |
China
CITIC Bank Corp. Ltd. (H Shares) |
140,000 |
62,444 | |
China
Construction Bank Corp. (H Shares) |
407,000 |
230,949 | |
China
Pacific Insurance (Group) Co. Ltd. (H Shares) |
29,400 |
72,442 | |
China
Railway Group Ltd. (H Shares) |
81,000 |
38,199 | |
China
Shenhua Energy Co. Ltd. (H Shares) |
96,000 |
294,456 | |
China
Tower Corp. Ltd. (H Shares) (b) |
1,022,000 |
95,348 | |
CITIC
Pacific Ltd. |
53,000 |
45,044 | |
Daqo
New Energy Corp. ADR (a) |
3,052 |
77,704 | |
Fuyao
Glass Industries Group Co. Ltd. (H Shares) (b) |
12,800 |
58,319 | |
Haier
Smart Home Co. Ltd. |
22,400 |
64,126 | |
Hello
Group, Inc. ADR |
9,502 |
67,274 | |
Hengan
International Group Co. Ltd. |
64,000 |
214,298 | |
Industrial
& Commercial Bank of China Ltd. (H Shares) |
369,000 |
177,318 | |
Inner
Mongolia Yitai Coal Co. Ltd. (B Shares) (a) |
163,437 |
224,236 | |
Jiangxi
Copper Co. Ltd. (H Shares) |
45,000 |
63,722 | |
Jiumaojiu
International Holdings Ltd. (b) |
28,000 |
30,417 | |
Kingboard
Chemical Holdings Ltd. |
34,000 |
82,647 | |
Lenovo
Group Ltd. |
102,000 |
118,626 | |
MINISO
Group Holding Ltd. ADR |
1,895 |
47,962 | |
NetEase,
Inc. |
11,400 |
245,204 | |
PDD
Holdings, Inc. ADR (a) |
1,832 |
185,801 | |
People's
Insurance Co. of China Group Ltd. (H Shares) |
170,000 |
56,054 | |
PetroChina
Co. Ltd. (H Shares) |
428,000 |
278,966 | |
PICC
Property & Casualty Co. Ltd. (H Shares) |
68,000 |
77,693 | |
Pop
Mart International Group Ltd. (b) |
19,200 |
52,879 | |
Shenzhou
International Group Holdings Ltd. |
6,800 |
66,700 | |
Tencent
Holdings Ltd. |
25,400 |
938,791 | |
Tencent
Music Entertainment Group ADR (a) |
16,970 |
123,202 | |
Tongcheng
Travel Holdings Ltd. (a) |
22,800 |
43,533 | |
Topsports
International Holdings Ltd. (b) |
58,000 |
48,774 | |
TravelSky
Technology Ltd. (H Shares) |
27,000 |
42,581 | |
Trip.com
Group Ltd. (a) |
2,600 |
89,318 | |
Vipshop
Holdings Ltd. ADR (a) |
2,750 |
39,215 | |
Yadea
Group Holdings Ltd. (b) |
24,000 |
43,862 | |
Yangzijiang
Shipbuilding Holdings Ltd. |
33,600 |
35,561 | |
Yum
China Holdings, Inc. |
1,699 |
89,299 | |
Zhongsheng
Group Holdings Ltd. Class H |
16,500 |
38,042 | |
TOTAL CHINA |
6,490,477 | ||
Czech
Republic - 1.2% |
|||
CEZ
A/S |
7,159 |
305,860 | |
Egypt
- 0.5% |
|||
Commercial
International Bank SAE |
67,584 |
131,890 | |
Greece
- 0.8% |
|||
Jumbo
SA |
3,477 |
91,365 | |
OPAP
SA |
6,027 |
101,929 | |
TOTAL GREECE |
193,294 | ||
Hong
Kong - 1.1% |
|||
WH
Group Ltd. (b) |
490,500 |
292,748 | |
Hungary
- 1.1% |
|||
MOL
Hungarian Oil and Gas PLC Series A (For. Reg.) |
34,763 |
275,991 | |
India
- 15.2% |
|||
Apollo
Tyres Ltd. |
16,721 |
76,577 | |
Bajaj
Auto Ltd. |
1,614 |
103,015 | |
Bank
of Baroda |
32,715 |
77,093 | |
Bharat
Electronics Ltd. |
48,481 |
77,591 | |
Canara
Bank Ltd. |
18,557 |
85,665 | |
Coal
India Ltd. |
90,755 |
342,544 | |
Eicher
Motors Ltd. |
2,427 |
96,066 | |
Federal
Bank Ltd. |
48,654 |
82,192 | |
GAIL
India Ltd. |
199,250 |
285,980 | |
HCL
Technologies Ltd. |
4,732 |
72,521 | |
HDFC
Asset Management Co. Ltd. (b) |
2,693 |
88,431 | |
HDFC
Bank Ltd. |
20,376 |
361,345 | |
Hindustan
Aeronautics Ltd. |
3,050 |
66,783 | |
Hindustan
Unilever Ltd. |
10,248 |
305,746 | |
Infosys
Ltd. |
12,180 |
200,185 | |
ITC
Ltd. |
49,534 |
254,873 | |
NHPC
Ltd. |
451,987 |
272,521 | |
NMDC
Ltd. |
44,473 |
82,367 | |
Oil
& Natural Gas Corp. Ltd. |
126,120 |
281,979 | |
Pidilite
Industries Ltd. |
2,088 |
61,643 | |
Power
Finance Corp. Ltd. |
31,626 |
93,672 | |
REC
Ltd. |
32,316 |
111,629 | |
State
Bank of India |
15,222 |
103,398 | |
Steel
Authority of India Ltd. |
54,101 |
54,485 | |
Tata
Consultancy Services Ltd. |
3,581 |
144,892 | |
Union
Bank of India Ltd. |
68,165 |
83,181 | |
Wipro
Ltd. |
8,735 |
40,056 | |
TOTAL INDIA |
3,906,430 | ||
Indonesia
- 4.4% |
|||
Indofood
Sukses Makmur Tbk PT |
469,400 |
196,507 | |
PT
Adaro Energy Indonesia Tbk |
1,530,800 |
246,701 | |
PT
Astra International Tbk |
104,500 |
37,991 | |
PT
Bank Central Asia Tbk |
272,900 |
150,323 | |
PT
Bank Mandiri (Persero) Tbk |
300,400 |
107,319 | |
PT
Indah Kiat Pulp & Paper Tbk |
76,000 |
45,930 | |
PT
Telkom Indonesia Persero Tbk |
566,500 |
124,462 | |
PT
United Tractors Tbk |
134,300 |
212,420 | |
TOTAL INDONESIA |
1,121,653 | ||
Korea
(South) - 10.0% |
|||
Cosmo
AM&T Co. Ltd. (a) |
81 |
8,361 | |
Cosmo
AM&T Co. Ltd. rights 11/7/23 (a) |
4 |
49 | |
DB
HiTek Co. Ltd. |
185 |
6,630 | |
Db
Insurance Co. Ltd. |
1,446 |
94,112 | |
Doosan
Bobcat, Inc. |
1,236 |
35,463 | |
EO
Technics Co. Ltd. |
49 |
5,054 | |
GS
Holdings Corp. |
1,785 |
52,074 | |
Hankook
Tire Co. Ltd. |
3,308 |
93,566 | |
Hanmi
Semiconductor Co. Ltd. |
213 |
8,280 | |
Hanwha
Corp. |
2,256 |
37,084 | |
Hyundai
Marine & Fire Insurance Co. Ltd. |
3,581 |
83,523 | |
Hyundai
Steel Co. |
1,566 |
37,975 | |
Isupetasys
Co. Ltd. |
221 |
3,543 | |
Kangwon
Land, Inc. |
8,250 |
89,613 | |
KT&G
Corp. |
3,628 |
229,143 | |
Kumho
Petro Chemical Co. Ltd. |
448 |
42,029 | |
LG
Corp. |
958 |
54,761 | |
LG
Innotek Co. Ltd. |
56 |
9,247 | |
LG
Uplus Corp. |
13,001 |
97,323 | |
NCSOFT
Corp. |
513 |
88,314 | |
Orion
Corp./Republic of Korea |
2,389 |
211,915 | |
POSCO
|
223 |
67,946 | |
POSCO
ICT Co. Ltd. |
229 |
8,317 | |
Samsung
Electro-Mechanics Co. Ltd. |
193 |
17,763 | |
Samsung
Electronics Co. Ltd. |
17,646 |
874,101 | |
Samsung
SDI Co. Ltd. |
176 |
55,450 | |
Samsung
SDS Co. Ltd. |
148 |
15,145 | |
SK
Hynix, Inc. |
1,685 |
145,101 | |
Woori
Financial Group, Inc. |
10,358 |
91,267 | |
TOTAL KOREA (SOUTH) |
2,563,149 | ||
Malaysia
- 1.3% |
|||
CelcomDigi
Bhd |
108,900 |
96,683 | |
Maxis
Bhd |
117,700 |
97,826 | |
Petronas
Chemicals Group Bhd |
35,500 |
54,690 | |
TIME
dotCom Bhd |
83,900 |
93,682 | |
TOTAL MALAYSIA |
342,881 | ||
Mexico
- 4.6% |
|||
Arca
Continental S.A.B. de CV |
28,900 |
258,808 | |
Banco
del Bajio SA (b) |
31,000 |
94,753 | |
El
Puerto de Liverpool S.A.B. Dcv Series C |
5,600 |
28,433 | |
Grupo
Aeroportuario del Sureste S.A.B. de CV Series B |
2,035 |
43,799 | |
Grupo
Aeroportuario Norte S.A.B. de CV |
4,800 |
36,594 | |
Grupo
Financiero Inbursa S.A.B. de CV Series O (a) |
42,200 |
86,911 | |
Kimberly-Clark
de Mexico SA de CV Series A |
121,300 |
222,066 | |
Promotora
y Operadora de Infraestructura S.A.B. de CV |
5,035 |
41,160 | |
Terrafina
|
234,700 |
380,398 | |
TOTAL MEXICO |
1,192,922 | ||
Philippines
- 0.3% |
|||
BDO
Unibank, Inc. |
29,560 |
66,424 | |
Qatar
- 1.2% |
|||
Mesaieed
Petrochemical Holding Co. (a) |
102,980 |
44,971 | |
Qatar
Electricity & Water Co. (a) |
59,334 |
269,537 | |
TOTAL QATAR |
314,508 | ||
Russia
- 0.3% |
|||
Gazprom
OAO (c) |
14,450 |
1,504 | |
Inter
Rao Ues JSC (c) |
7,348,600 |
40,287 | |
MMC
Norilsk Nickel PJSC (a)(c) |
188 |
1,243 | |
Mobile
TeleSystems OJSC sponsored ADR (a)(c) |
15,647 |
15,584 | |
Sberbank
of Russia (c) |
38,410 |
235 | |
Surgutneftegas
OJSC (c) |
56,600 |
689 | |
TCS
Group Holding PLC GDR (a)(c) |
789 |
9,152 | |
VTB
Bank OJSC (a)(c) |
91,900,000 |
3,491 | |
TOTAL RUSSIA |
72,185 | ||
Saudi
Arabia - 2.6% |
|||
Al
Rajhi Bank |
8,597 |
153,763 | |
Luberef
|
1,250 |
42,982 | |
Sabic
Agriculture-Nutrients Co. |
1,679 |
59,881 | |
Saudi
Telecom Co. |
21,913 |
224,293 | |
The
Co. for Cooperative Insurance |
1,752 |
56,414 | |
The
Saudi National Bank |
13,856 |
123,912 | |
TOTAL SAUDI ARABIA |
661,245 | ||
South
Africa - 2.5% |
|||
Exxaro
Resources Ltd. |
32,429 |
323,410 | |
Kumba
Iron Ore Ltd. |
2,200 |
57,951 | |
Momentum
Metropolitan Holdings |
110,246 |
123,320 | |
Standard
Bank Group Ltd. |
14,934 |
145,692 | |
TOTAL SOUTH AFRICA |
650,373 | ||
Taiwan
- 13.6% |
|||
ASE
Technology Holding Co. Ltd. |
38,000 |
132,974 | |
ASPEED
Tech, Inc. |
1,000 |
79,235 | |
Catcher
Technology Co. Ltd. |
19,000 |
106,320 | |
Chicony
Electronics Co. Ltd. |
32,000 |
122,830 | |
Chipbond
Technology Corp. |
48,000 |
100,632 | |
Chunghwa
Telecom Co. Ltd. |
41,000 |
146,632 | |
Compal
Electronics, Inc. |
116,000 |
100,318 | |
eMemory
Technology, Inc. |
2,000 |
124,249 | |
Far
Eastern International Bank |
258,000 |
91,475 | |
Far
Eastern New Century Corp. |
82,000 |
74,580 | |
Far
EasTone Telecommunications Co. Ltd. |
49,000 |
114,663 | |
Formosa
Plastics Corp. |
25,000 |
59,349 | |
Foxconn
Technology Co. Ltd. |
59,000 |
95,317 | |
Gigabyte
Technology Co. Ltd. |
11,000 |
73,763 | |
Global
Unichip Corp. |
2,000 |
88,485 | |
International
Games Systems Co. Ltd. |
5,000 |
96,038 | |
Largan
Precision Co. Ltd. |
2,000 |
127,640 | |
Lite-On
Technology Corp. |
29,000 |
89,410 | |
Lotes
Co. Ltd. |
4,077 |
103,449 | |
Micro-Star
International Co. Ltd. |
19,000 |
96,655 | |
Novatek
Microelectronics Corp. |
9,000 |
126,114 | |
Pegatron
Corp. |
47,000 |
109,259 | |
Pou
Chen Corp. |
94,000 |
83,610 | |
Radiant
Opto-Electronics Corp. |
28,000 |
107,045 | |
Ruentex
Development Co. Ltd. |
359,100 |
358,713 | |
Simplo
Technology Co. Ltd. |
10,000 |
102,821 | |
SINBON
Electronics Co. Ltd. |
10,000 |
85,402 | |
Taichung
Commercial Bank Co. Ltd. |
204,305 |
92,594 | |
Taishin
Financial Holdings Co. Ltd. |
197,000 |
104,771 | |
Taiwan
Business Bank |
225,280 |
88,556 | |
Taiwan
Cooperative Financial Holding Co. Ltd. |
137,550 |
106,656 | |
Wiwynn
Corp. |
2,000 |
93,726 | |
TOTAL TAIWAN |
3,483,281 | ||
Thailand
- 1.5% |
|||
Advanced
Information Service PCL NVDR |
19,200 |
117,521 | |
Bangkok
Bank PCL NVDR |
13,800 |
60,472 | |
Home
Product Center PCL NVDR |
147,100 |
48,703 | |
Intouch
Holdings PCL NVDR |
49,000 |
96,793 | |
Krung
Thai Bank PCL NVDR |
118,800 |
62,139 | |
TOTAL THAILAND |
385,628 | ||
Turkey
- 5.5% |
|||
Akbank
TAS |
107,714 |
112,158 | |
Bim
Birlesik Magazalar A/S JSC |
34,320 |
329,945 | |
Enka
Insaat ve Sanayi A/S |
38,095 |
40,959 | |
Haci
Omer Sabanci Holding A/S |
52,054 |
98,431 | |
Koc
Holding A/S |
10,990 |
53,138 | |
Turkcell
Iletisim Hizmet A/S |
92,715 |
157,295 | |
Turkiye
Is Bankasi A/S Series C |
185,007 |
137,189 | |
Turkiye
Petrol Rafinerileri A/S |
72,395 |
363,091 | |
Yapi
ve Kredi Bankasi A/S |
198,446 |
120,922 | |
TOTAL TURKEY |
1,413,128 | ||
United
Arab Emirates - 2.1% |
|||
Abu
Dhabi Islamic Bank (a) |
37,488 |
105,126 | |
Emaar
Properties PJSC |
237,778 |
433,089 | |
TOTAL UNITED ARAB
EMIRATES |
538,215 | ||
TOTAL
COMMON STOCKS
(Cost
$25,857,122) |
25,176,580 | ||
Nonconvertible
Preferred Stocks - 1.6% | |||
Shares |
Value
($)
| ||
Brazil
- 1.6% |
|||
Bradespar
SA (PN) |
7,700 |
34,110 | |
Companhia
Energetica de Minas Gerais (CEMIG) (PN) |
104,900 |
244,205 | |
Itausa-Investimentos
Itau SA (PN) |
56,731 |
97,195 | |
Metalurgica
Gerdau SA (PN) |
13,700 |
28,063 | |
TOTAL BRAZIL |
403,573 | ||
Russia
- 0.0% |
|||
AK
Transneft OAO (c) |
12 |
3,462 | |
TOTAL
NONCONVERTIBLE PREFERRED STOCKS
(Cost
$406,874) |
407,035 | ||
TOTAL
INVESTMENT IN SECURITIES - 99.8%
(Cost
$26,263,996)
|
25,583,615 |
NET
OTHER ASSETS (LIABILITIES) - 0.2% |
59,115 |
NET
ASSETS - 100.0% |
25,642,730 |
Futures
Contracts | |||||
Number
of
contracts |
Expiration
Date |
Notional
Amount
($)
|
Value
($)
|
Unrealized
Appreciation/
(Depreciation)
($)
| |
Purchased |
|||||
Equity
Index Contracts |
|||||
ICE
MSCI Emerging Markets Index Contracts (United States) |
1 |
Dec
2023 |
45,960 |
(762) |
(762) |
The
notional amount of futures purchased as a percentage of Net Assets is
0.2% |
(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 $805,531 or 3.1% of
net assets.
|
(c) |
Level
3 security
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 5.40% |
- |
3,310,856 |
3,310,856 |
2,035 |
- |
- |
- |
0.0% |
Total |
- |
3,310,856 |
3,310,856 |
2,035 |
- |
- |
- |
|
Valuation
Inputs at Reporting Date: | ||||
Description |
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
3,412,286 |
3,396,702 |
- |
15,584 |
Consumer
Discretionary |
2,395,458 |
2,395,458 |
- |
- |
Consumer
Staples |
2,516,049 |
2,516,049 |
- |
- |
Energy |
2,849,449 |
2,843,794 |
- |
5,655 |
Financials |
5,229,276 |
5,216,398 |
- |
12,878 |
Industrials |
770,781 |
770,781 |
- |
- |
Information
Technology |
3,959,316 |
3,959,267 |
49 |
- |
Materials |
965,214 |
963,971 |
- |
1,243 |
Real
Estate |
1,574,305 |
1,574,305 |
- |
- |
Utilities |
1,911,481 |
1,871,194 |
- |
40,287 |
Total Investments in Securities: |
25,583,615 |
25,507,919 |
49 |
75,647 |
Derivative
Instruments:
Liabilities |
||||
Futures
Contracts |
(762) |
(762) |
- |
- |
Total
Liabilities |
(762) |
(762) |
- |
- |
Total Derivative Instruments: |
(762) |
(762) |
- |
- |
Primary
Risk Exposure / Derivative Type
|
Value | |
Asset
($) |
Liability
($) | |
Equity
Risk |
||
Futures
Contracts (a) |
0 |
(762) |
Total
Equity Risk |
0 |
(762) |
Total
Value of Derivatives |
0 |
(762) |
Statement
of Assets and Liabilities | ||||
October
31, 2023 | ||||
Assets
|
||||
Investment
in securities, at value - See accompanying schedule
Unaffiliated issuers (cost
$26,263,996):
|
$ |
25,583,615 | ||
Segregated
cash with brokers for derivative instruments |
4,242 | |||
Cash |
40,904 | |||
Foreign
currency held at value (cost $181,876) |
169,667 | |||
Dividends
receivable |
43,867 | |||
Other
receivables |
465 | |||
Total assets |
25,842,760 | |||
Liabilities |
||||
Payable
for investments purchased |
$ |
97,849 |
||
Accrued
management fee |
9,823 |
|||
Payable
for daily variation margin on futures contracts |
674 |
|||
Deferred
taxes |
91,591 |
|||
Other
payables and accrued expenses |
93 |
|||
Total
Liabilities |
200,030 | |||
Net
Assets |
$ |
25,642,730 | ||
Net
Assets consist of: |
||||
Paid
in capital |
$ |
30,085,189 | ||
Total
accumulated earnings (loss) |
(4,442,459) | |||
Net
Assets |
$ |
25,642,730 | ||
Net
Asset Value,
offering price and redemption price per share ($25,642,730 ÷ 1,200,000
shares) |
$ |
21.37 |
Statement
of Operations | ||||
Year
ended
October
31, 2023 | ||||
Investment
Income |
||||
Dividends
|
$ |
1,300,532 | ||
Income
from Fidelity Central Funds |
2,035 | |||
Income before foreign taxes withheld |
$ |
1,302,567 | ||
Less
foreign taxes withheld |
(160,653) | |||
Total Income |
1,141,914 | |||
Expenses |
||||
Management
fee |
$ |
108,260 |
||
Independent
trustees' fees and expenses |
130 |
|||
Total expenses before reductions |
108,390 |
|||
Expense reductions |
(418) |
|||
Total expenses after reductions |
107,972 | |||
Net
Investment income (loss) |
1,033,942 | |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers (net
of foreign taxes of $33,802) |
(1,225,311) |
|||
Foreign currency transactions |
(17,409) |
|||
Futures contracts |
6,183 |
|||
Total
net realized gain (loss) |
(1,236,537) | |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers(net of increase in deferred
foreign taxes of $47,832) |
3,117,128 |
|||
Assets and liabilities in foreign
currencies |
(12,852) |
|||
Futures contracts |
(1,385) |
|||
Total
change in net unrealized appreciation (depreciation) |
3,102,891 | |||
Net
gain (loss) |
1,866,354 | |||
Net
increase (decrease) in net assets resulting from
operations |
$ |
2,900,296 |
Statement
of Changes in Net Assets | ||||
Year
ended
October
31, 2023 |
Year
ended
October
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations |
||||
Net
investment income (loss) |
$ |
1,033,942 |
$ |
823,731 |
Net
realized gain (loss) |
(1,236,537)
|
(1,875,585)
| ||
Change
in net unrealized appreciation (depreciation) |
3,102,891 |
(3,937,671)
| ||
Net
increase (decrease) in net assets resulting from
operations |
2,900,296
|
(4,989,525)
| ||
Distributions
to shareholders |
(1,198,769)
|
(826,772)
| ||
Distributions
to shareholders from tax return of capital |
(11,231)
|
(29,228)
| ||
Total Distributions |
(1,210,000)
|
(856,000)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
4,445,155 |
4,649,878 | ||
Net increase (decrease) in net assets resulting from share
transactions |
4,445,155
|
4,649,878
| ||
Total
increase (decrease) in net assets |
6,135,451
|
(1,195,647)
| ||
Net
Assets |
||||
Beginning
of period |
19,507,279 |
20,702,926
| ||
End
of period |
$ |
25,642,730 |
$ |
19,507,279 |
Other
Information |
||||
Shares |
||||
Sold |
200,000 |
200,000 | ||
Net
increase (decrease) |
200,000 |
200,000 | ||
Fidelity®
Emerging Markets Multifactor ETF |
Years
ended October 31, |
2023
|
2022 |
2021 |
2020 |
2019 A | |||||
Selected Per-Share
Data |
||||||||||
Net asset value, beginning
of period |
$ |
19.51 |
$ |
25.88 |
$ |
23.12 |
$ |
24.68 |
$ |
25.00 |
Income from Investment
Operations |
||||||||||
Net investment income (loss) B,C |
.95
|
.89
|
.72
|
.55
|
.50
| |||||
Net realized and unrealized gain (loss)
|
1.96
|
(6.37)
|
2.67
|
(1.57)
|
(.34)
| |||||
Total from investment
operations |
2.91
|
(5.48)
|
3.39
|
(1.02)
|
.16
| |||||
Distributions from net
investment income |
(1.04)
|
(.86)
|
(.63)
|
(.54)
|
(.48)
| |||||
Tax return of capital
|
(.01) |
(.03) |
- |
- |
- | |||||
Total distributions |
(1.05)
|
(.89)
|
(.63)
|
(.54)
|
(.48)
| |||||
Net asset value, end of
period |
$ |
21.37 |
$ |
19.51 |
$ |
25.88 |
$ |
23.12 |
$ |
24.68 |
Total Return D,E,F |
14.76%
|
(21.56)%
|
14.55%
|
(4.03)%
|
.66%
| |||||
Ratios to Average Net Assets C,G,H |
||||||||||
Expenses before reductions
|
.45%
|
.45%
|
.45%
|
.45%
|
.45%
I | |||||
Expenses net of fee
waivers, if any |
.45%
|
.45%
|
.45%
|
.45%
|
.45%
I | |||||
Expenses net of all
reductions |
.45%
|
.45%
|
.45%
|
.45%
|
.45%
I | |||||
Net investment income
(loss) |
4.29%
|
3.84%
|
2.64%
|
2.39%
|
3.05%
I | |||||
Supplemental Data |
||||||||||
Net assets, end of period
(000 omitted) |
$ |
25,643 |
$ |
19,507 |
$ |
20,703 |
$ |
9,249 |
$ |
9,872 |
Portfolio turnover rate
J |
82%
K |
91%
K |
65%
K |
66%
|
34%
K,L |
Average
Annual Total Returns | |||
Periods
ended October 31, 2023
|
Past
1
year |
Past
5
years |
Life
of
Fund
|
Fidelity®
International High Dividend ETF - NAV A |
11.57% |
1.73% |
-1.40% |
Fidelity®
International High Dividend ETF - Market Price B |
12.57% |
1.87% |
-1.51% |
Fidelity
International High Dividend Index℠ A |
12.10% |
2.21% |
-0.94% |
MSCI
World ex USA Index A |
12.82% |
4.49% |
1.41% |
$10,000 Over Life of Fund |
Let's
say hypothetically that $10,000 was invested in Fidelity® International
High Dividend ETF - NAV, on January 16, 2018, when the fund
started.
The
chart shows how the value of your investment would have changed, and also
shows how the Fidelity International High Dividend Index℠ and the MSCI
World ex USA Index performed over the same
period. |
![]() |
Top
Holdings (% of Fund's net
assets) | ||
Enel
SpA (Italy, Electric Utilities) |
3.9 |
|
Daiwa
House Industry Co. Ltd. (Japan, Real Estate
Management & Development) |
3.5 |
|
Terna
- Rete Elettrica Nazionale (Italy, Electric
Utilities) |
3.2 |
|
Telefonica
SA (Spain, Diversified Telecommunication
Services) |
2.9 |
|
Nintendo
Co. Ltd. (Japan, Entertainment) |
2.6 |
|
SoftBank
Corp. (Japan, Wireless Telecommunication
Services) |
2.5 |
|
JFE
Holdings, Inc. (Japan, Metals &
Mining) |
2.4 |
|
Power
Assets Holdings Ltd. (Hong Kong, Electric
Utilities) |
2.4 |
|
Vodafone
Group PLC (United Kingdom, Wireless
Telecommunication Services) |
2.3 |
|
Vonovia
SE (Germany, Real Estate Management &
Development) |
2.2 |
|
27.9 |
||
Market
Sectors (% of Fund's net assets) | ||
Financials |
28.2 |
|
Materials |
13.7 |
|
Communication
Services |
12.3 |
|
Utilities |
11.3 |
|
Industrials |
11.2 |
|
Real
Estate |
9.3 |
|
Consumer
Discretionary |
4.5 |
|
Health
Care |
4.4 |
|
Consumer
Staples |
2.5 |
|
Information
Technology |
1.8 |
|
Asset
Allocation (% of Fund's net assets)
|
![]() |
Futures - 0.7% |
Geographic
Diversification (% of Fund's net assets)
|
![]() |
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are adjusted for the effect of derivatives, if
applicable. |
Common
Stocks - 99.2% | |||
Shares |
Value
($)
| ||
Australia
- 9.4% |
|||
ANZ
Group Holdings Ltd. |
77,863 |
1,218,177 | |
BHP
Group Ltd. |
61,614 |
1,735,985 | |
Coles
Group Ltd. |
16,208 |
156,702 | |
Rio
Tinto Ltd. |
16,016 |
1,192,324 | |
Rio
Tinto PLC |
27,714 |
1,767,233 | |
Sonic
Healthcare Ltd. |
12,984 |
236,349 | |
Wesfarmers
Ltd. |
6,116 |
195,631 | |
Westpac
Banking Corp. |
84,858 |
1,106,794 | |
TOTAL AUSTRALIA |
7,609,195 | ||
Belgium
- 1.0% |
|||
KBC
Group NV |
14,870 |
815,743 | |
Canada
- 11.6% |
|||
Algonquin
Power & Utilities Corp. (a) |
287,047 |
1,443,247 | |
Bank
of Montreal |
12,645 |
954,489 | |
Bank
of Nova Scotia |
22,575 |
913,082 | |
Barrick
Gold Corp. (Canada) |
108,091 |
1,724,629 | |
BCE,
Inc. |
42,645 |
1,581,390 | |
Canadian
Imperial Bank of Commerce (a) |
24,378 |
858,871 | |
Canadian
National Railway Co. |
4,290 |
453,428 | |
Canadian
Tire Ltd. Class A (non-vtg.) |
1,164 |
112,153 | |
Finning
International, Inc. |
10,968 |
293,586 | |
Manulife
Financial Corp. |
55,976 |
973,355 | |
TOTAL CANADA |
9,308,230 | ||
Denmark
- 0.4% |
|||
A.P.
Moller - Maersk A/S Series B |
194 |
322,127 | |
Finland
- 1.6% |
|||
Kesko
Oyj |
5,951 |
100,423 | |
Nokia
Corp. |
22,080 |
73,283 | |
Nordea
Bank Abp |
100,172 |
1,051,691 | |
TietoEVRY
Oyj |
2,681 |
56,053 | |
TOTAL FINLAND |
1,281,450 | ||
France
- 6.4% |
|||
BNP
Paribas SA |
20,438 |
1,172,825 | |
Bouygues
SA |
16,613 |
583,166 | |
Compagnie
Generale des Etablissements Michelin SCA Series B |
5,871 |
173,882 | |
Credit
Agricole SA |
88,202 |
1,060,765 | |
Danone
SA |
3,189 |
189,269 | |
LVMH
Moet Hennessy Louis Vuitton SE |
676 |
481,952 | |
Societe
Generale Series A |
37,047 |
828,010 | |
VINCI
SA |
6,300 |
695,743 | |
TOTAL FRANCE |
5,185,612 | ||
Germany
- 8.4% |
|||
Allianz
SE |
6,142 |
1,434,104 | |
BASF
AG |
32,965 |
1,516,934 | |
Bayer
AG |
6,341 |
272,521 | |
Bayerische
Motoren Werke AG (BMW) |
3,298 |
305,477 | |
DHL
Group |
15,994 |
621,452 | |
Fresenius
SE & Co. KGaA |
10,027 |
256,909 | |
Mercedes-Benz
Group AG (Germany) |
5,001 |
293,006 | |
SAP
SE |
1,757 |
235,375 | |
Vonovia
SE |
78,226 |
1,794,262 | |
TOTAL GERMANY |
6,730,040 | ||
Hong
Kong - 4.4% |
|||
Jardine
Matheson Holdings Ltd. |
6,882 |
278,377 | |
New
World Development Co. Ltd. |
721,000 |
1,321,363 | |
Power
Assets Holdings Ltd. |
402,500 |
1,923,868 | |
TOTAL HONG KONG |
3,523,608 | ||
Italy
- 8.6% |
|||
Enel
SpA |
496,727 |
3,143,942 | |
Intesa
Sanpaolo SpA |
456,011 |
1,184,042 | |
Terna
- Rete Elettrica Nazionale |
337,426 |
2,577,220 | |
TOTAL ITALY |
6,905,204 | ||
Japan
- 22.4% |
|||
Astellas
Pharma, Inc. |
21,000 |
263,462 | |
Bridgestone
Corp. |
6,700 |
250,711 | |
Canon,
Inc. |
6,900 |
161,787 | |
Daiwa
House Industry Co. Ltd. |
102,300 |
2,787,759 | |
Daiwa
Securities Group, Inc. |
299,800 |
1,710,371 | |
Honda
Motor Co. Ltd. |
34,800 |
346,173 | |
Isuzu
Motors Ltd. |
17,900 |
196,262 | |
Japan
Tobacco, Inc. |
16,900 |
392,914 | |
JFE
Holdings, Inc. |
140,800 |
1,937,981 | |
Kawasaki
Kisen Kaisha Ltd. |
22,100 |
750,505 | |
Kyocera
Corp. |
2,900 |
141,204 | |
Mitsubishi
Corp. |
18,200 |
835,822 | |
Mitsui
OSK Lines Ltd. |
19,300 |
494,846 | |
Nintendo
Co. Ltd. |
50,100 |
2,057,989 | |
Nippon
Yusen KK |
20,300 |
492,873 | |
SBI
Holdings, Inc. Japan |
66,600 |
1,419,117 | |
SoftBank
Corp. |
181,400 |
2,042,240 | |
Sumitomo
Corp. |
30,000 |
582,093 | |
Takeda
Pharmaceutical Co. Ltd. |
11,200 |
300,476 | |
Tokyo
Electron Ltd. |
1,500 |
195,665 | |
Toyota
Motor Corp. |
38,535 |
659,022 | |
TOTAL JAPAN |
18,019,272 | ||
Netherlands
- 2.9% |
|||
ASML
Holding NV (Netherlands) |
524 |
313,102 | |
ING
Groep NV (Certificaten Van Aandelen) |
90,439 |
1,149,805 | |
Koninklijke
Ahold Delhaize NV |
5,713 |
169,082 | |
Koninklijke
Philips Electronics NV |
16,783 |
317,504 | |
Stellantis
NV (Italy) |
20,740 |
385,830 | |
TOTAL NETHERLANDS |
2,335,323 | ||
Singapore
- 4.8% |
|||
CapitaMall
Trust |
1,278,700 |
1,642,650 | |
Oversea-Chinese
Banking Corp. Ltd. |
120,900 |
1,118,946 | |
United
Overseas Bank Ltd. |
51,400 |
1,013,706 | |
Venture
Corp. Ltd. |
12,100 |
103,332 | |
TOTAL SINGAPORE |
3,878,634 | ||
South
Africa - 1.5% |
|||
Anglo
American PLC (United Kingdom) |
46,820 |
1,191,100 | |
Spain
- 3.5% |
|||
ACS
Actividades de Construccion y Servicios SA |
13,879 |
501,277 | |
Telefonica
SA |
603,972 |
2,327,601 | |
TOTAL SPAIN |
2,828,878 | ||
Sweden
- 0.9% |
|||
Ericsson
(B Shares) |
16,531 |
73,995 | |
Volvo
AB (B Shares) |
33,712 |
666,537 | |
TOTAL SWEDEN |
740,532 | ||
Switzerland
- 1.3% |
|||
Adecco
SA (Reg.) |
11,992 |
451,191 | |
Galenica
AG (b) |
1,149 |
86,549 | |
Novartis
AG |
5,653 |
525,141 | |
Sandoz
Group AG |
1,128 |
29,314 | |
TOTAL SWITZERLAND |
1,092,195 | ||
United
Kingdom - 7.8% |
|||
BAE
Systems PLC |
44,329 |
593,853 | |
Barclays
PLC |
517,852 |
826,958 | |
British
American Tobacco PLC (United Kingdom) |
5,635 |
167,799 | |
DCC
PLC (United Kingdom) |
6,459 |
357,790 | |
Imperial
Brands PLC |
5,362 |
113,929 | |
Legal
& General Group PLC |
350,873 |
900,071 | |
M&G
PLC |
411,180 |
988,912 | |
Persimmon
PLC |
17,077 |
210,536 | |
Unilever
PLC |
5,529 |
260,919 | |
Vodafone
Group PLC |
2,045,079 |
1,878,572 | |
TOTAL UNITED KINGDOM |
6,299,339 | ||
United
States of America - 2.3% |
|||
GSK
PLC |
23,492 |
415,452 | |
Nestle
SA (Reg. S) |
4,743 |
511,069 | |
Roche
Holding AG (participation certificate) |
1,707 |
438,637 | |
Sanofi
SA |
5,147 |
466,240 | |
TOTAL UNITED STATES OF
AMERICA |
1,831,398 | ||
TOTAL
COMMON STOCKS
(Cost
$92,823,050) |
79,897,880 | ||
Money
Market Funds - 2.6% | |||
Shares |
Value
($)
| ||
Fidelity
Cash Central Fund 5.40% (c) |
30,629 |
30,635 | |
Fidelity
Securities Lending Cash Central Fund 5.40% (c)(d) |
2,024,658 |
2,024,860 | |
TOTAL
MONEY MARKET FUNDS
(Cost
$2,055,495) |
2,055,495 | ||
TOTAL
INVESTMENT IN SECURITIES - 101.8%
(Cost
$94,878,545)
|
81,953,375 |
NET
OTHER ASSETS (LIABILITIES) - (1.8)% |
(1,440,295) |
NET
ASSETS - 100.0% |
80,513,080 |
Futures
Contracts | |||||
Number
of
contracts |
Expiration
Date |
Notional
Amount
($)
|
Value
($)
|
Unrealized
Appreciation/
(Depreciation)
($)
| |
Purchased |
|||||
Equity
Index Contracts |
|||||
ICE
MSCI EAFE Index Contracts (United States) |
6 |
Dec
2023 |
592,230 |
(31,700) |
(31,700) |
The
notional amount of futures purchased as a percentage of Net Assets is
0.7% |
(a) |
Security
or a portion of the security is on loan at period end.
|
(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 $86,549 or 0.1% of
net assets.
|
(c) |
Affiliated
fund that is generally available only to investment companies and other
accounts managed by Fidelity Investments. The rate quoted is the
annualized seven-day yield of the fund at period end. A complete unaudited
listing of the fund's holdings as of its most recent quarter end is
available upon request. In addition, each Fidelity Central Fund's
financial statements, which are not covered by the Fund's Report of
Independent Registered Public Accounting Firm, are available on the SEC's
website or upon request.
|
(d) |
Investment
made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 5.40% |
48,989 |
5,998,297 |
6,016,651 |
5,863 |
- |
- |
30,635 |
0.0% |
Fidelity
Securities Lending Cash Central Fund 5.40% |
- |
10,383,160 |
8,358,300 |
20,496 |
- |
- |
2,024,860 |
0.0% |
Total |
48,989 |
16,381,457 |
14,374,951 |
26,359 |
- |
- |
2,055,495 |
|
Valuation
Inputs at Reporting Date: | ||||
Description |
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
9,887,792 |
9,887,792 |
- |
- |
Consumer
Discretionary |
3,610,635 |
3,610,635 |
- |
- |
Consumer
Staples |
2,062,106 |
2,062,106 |
- |
- |
Financials |
22,699,834 |
22,699,834 |
- |
- |
Health
Care |
3,608,554 |
3,608,554 |
- |
- |
Industrials |
8,974,666 |
8,974,666 |
- |
- |
Information
Technology |
1,353,796 |
1,353,796 |
- |
- |
Materials |
11,066,186 |
11,066,186 |
- |
- |
Real
Estate |
7,546,034 |
7,546,034 |
- |
- |
Utilities |
9,088,277 |
9,088,277 |
- |
- |
Money Market
Funds |
2,055,495 |
2,055,495 |
- |
- |
Total Investments in Securities: |
81,953,375 |
81,953,375 |
- |
- |
Derivative
Instruments:
Liabilities |
||||
Futures
Contracts |
(31,700) |
(31,700) |
- |
- |
Total
Liabilities |
(31,700) |
(31,700) |
- |
- |
Total Derivative Instruments: |
(31,700) |
(31,700) |
- |
- |
Primary
Risk Exposure / Derivative Type
|
Value | |
Asset
($) |
Liability
($) | |
Equity
Risk |
||
Futures
Contracts (a) |
0 |
(31,700) |
Total
Equity Risk |
0 |
(31,700) |
Total
Value of Derivatives |
0 |
(31,700) |
Statement
of Assets and Liabilities | ||||
October
31, 2023 | ||||
Assets
|
||||
Investment
in securities, at value (including securities loaned of $1,882,962) - See accompanying
schedule: |
||||
Unaffiliated issuers (cost
$92,823,050) |
$ |
79,897,880 |
||
Fidelity Central Funds (cost
$2,055,495) |
2,055,495 |
|||
Total
Investment in Securities (cost $94,878,545) |
$ |
81,953,375 | ||
Segregated
cash with brokers for derivative instruments |
27,333 | |||
Cash |
28,559 | |||
Foreign
currency held at value (cost $27,434) |
27,366 | |||
Dividends
receivable |
351,431 | |||
Reclaims
receivable |
173,217 | |||
Distributions
receivable from Fidelity Central Funds |
1,401 | |||
Receivable
for daily variation margin on futures contracts |
1,770 | |||
Total assets |
82,564,452 | |||
Liabilities |
||||
Accrued
management fee |
$ |
26,512 |
||
Collateral
on securities loaned |
2,024,860 |
|||
Total
Liabilities |
2,051,372 | |||
Net
Assets |
$ |
80,513,080 | ||
Net
Assets consist of: |
||||
Paid
in capital |
$ |
102,771,006 | ||
Total
accumulated earnings (loss) |
(22,257,926) | |||
Net
Assets |
$ |
80,513,080 | ||
Net
Asset Value,
offering price and redemption price per share ($80,513,080 ÷ 4,500,000
shares) |
$ |
17.89 |
Statement
of Operations | ||||
Year
ended
October
31, 2023 | ||||
Investment
Income |
||||
Dividends
|
$ |
4,894,308 | ||
Income
from Fidelity Central Funds (including $20,496 from security lending)
|
26,359 | |||
Income before foreign taxes withheld |
$ |
4,920,667 | ||
Less
foreign taxes withheld |
(499,911) | |||
Total Income |
4,420,756 | |||
Expenses |
||||
Management
fee |
$ |
340,336 |
||
Independent
trustees' fees and expenses |
497 |
|||
Total expenses before reductions |
340,833 |
|||
Expense reductions |
(232) |
|||
Total expenses after reductions |
340,601 | |||
Net
Investment income (loss) |
4,080,155 | |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(1,655,744) |
|||
Redemptions in-kind |
(197,460) |
|||
Foreign currency transactions |
(112,310) |
|||
Futures contracts |
83,203 |
|||
Total
net realized gain (loss) |
(1,882,311) | |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
7,138,307 |
|||
Assets and liabilities in foreign
currencies |
152,380 |
|||
Futures contracts |
(30,694) |
|||
Total
change in net unrealized appreciation (depreciation) |
7,259,993 | |||
Net
gain (loss) |
5,377,682 | |||
Net
increase (decrease) in net assets resulting from
operations |
$ |
9,457,837 |
Statement
of Changes in Net Assets | ||||
Year
ended
October
31, 2023 |
Year
ended
October
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations |
||||
Net
investment income (loss) |
$ |
4,080,155 |
$ |
4,486,859 |
Net
realized gain (loss) |
(1,882,311)
|
5,237,224
| ||
Change
in net unrealized appreciation (depreciation) |
7,259,993 |
(26,568,820)
| ||
Net
increase (decrease) in net assets resulting from
operations |
9,457,837
|
(16,844,737)
| ||
Distributions
to shareholders |
(4,144,700)
|
(4,783,300)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
- |
55,975,704 | ||
Cost
of shares redeemed |
(5,529,770) |
(35,815,029) | ||
Net increase (decrease) in net assets resulting from share
transactions |
(5,529,770)
|
20,160,675
| ||
Total
increase (decrease) in net assets |
(216,633)
|
(1,467,362)
| ||
Net
Assets |
||||
Beginning
of period |
80,729,713 |
82,197,075
| ||
End
of period |
$ |
80,513,080 |
$ |
80,729,713 |
Other
Information |
||||
Shares |
||||
Sold |
- |
2,600,000 | ||
Redeemed |
(300,000) |
(1,700,000) | ||
Net
increase (decrease) |
(300,000) |
900,000 | ||
Fidelity®
International High Dividend ETF |
Years
ended October 31, |
2023
|
2022 |
2021 |
2020 |
2019 | |||||
Selected Per-Share
Data |
||||||||||
Net asset value, beginning
of period |
$ |
16.82 |
$ |
21.08 |
$ |
15.10 |
$ |
20.96 |
$ |
20.56 |
Income from Investment
Operations |
||||||||||
Net investment income (loss) A,B |
.89
|
.97
|
.77
|
.60
|
1.04
| |||||
Net realized and unrealized gain (loss)
|
1.08
|
(4.22)
|
5.95
|
(5.81)
|
.31
| |||||
Total from investment
operations |
1.97
|
(3.25)
|
6.72
|
(5.21)
|
1.35
| |||||
Distributions from net
investment income |
(.90)
|
(1.01)
|
(.74)
|
(.65)
|
(.95)
| |||||
Total distributions |
(.90)
|
(1.01)
|
(.74)
|
(.65)
|
(.95)
| |||||
Net asset value, end of
period |
$ |
17.89 |
$ |
16.82 |
$ |
21.08 |
$ |
15.10 |
$ |
20.96 |
Total Return C,D,E |
11.57%
|
(15.83)%
|
44.78%
|
(24.98)%
|
6.84%
| |||||
Ratios to Average Net Assets B,F,G |
||||||||||
Expenses before reductions
|
.39%
|
.39%
|
.39%
|
.39%
|
.39%
| |||||
Expenses net of fee
waivers, if any |
.39%
|
.39%
|
.39%
|
.39%
|
.39%
| |||||
Expenses net of all
reductions |
.39%
|
.39%
|
.39%
|
.39%
|
.39%
| |||||
Net investment income
(loss) |
4.68%
|
4.96%
|
3.82%
|
3.38%
|
5.07%
| |||||
Supplemental Data |
||||||||||
Net assets, end of period
(000 omitted) |
$ |
80,513 |
$ |
80,730 |
$ |
82,197 |
$ |
45,290 |
$ |
44,022 |
Portfolio turnover rate
H,I |
67%
|
71%
|
67%
|
82%
|
47%
|
Average
Annual Total Returns | |||
Periods
ended October 31, 2023
|
Past
1
year |
Life
of
Fund
|
Fidelity®
International Multifactor ETF - NAV A |
10.58% |
1.66% |
Fidelity®
International Multifactor ETF - Market Price B |
11.43% |
1.98% |
Fidelity
International Multifactor Index℠ A |
11.02% |
2.21% |
MSCI
World ex USA Index A |
12.82% |
3.84% |
$10,000 Over Life of Fund |
Let's
say hypothetically that $10,000 was invested in Fidelity® International
Multifactor ETF - NAV, on February 26, 2019, when the fund
started.
The
chart shows how the value of your investment would have changed, and also
shows how the Fidelity International Multifactor Index℠ and the MSCI World ex USA Index performed over the same
period. |
![]() |
Top
Holdings (% of Fund's net
assets) | ||
Novo
Nordisk A/S Series B (Denmark,
Pharmaceuticals) |
2.2 |
|
Novartis
AG (Switzerland,
Pharmaceuticals) |
1.6 |
|
PSP
Swiss Property AG (Switzerland, Real Estate
Management & Development) |
1.6 |
|
AstraZeneca
PLC (United Kingdom) (United Kingdom, Pharmaceuticals) |
1.4 |
|
Tokyo
Gas Co. Ltd. (Japan, Gas
Utilities) |
1.4 |
|
Roche
Holding AG (participation certificate) (United
States of America, Pharmaceuticals) |
1.4 |
|
E.ON
SE (Germany, Multi-Utilities) |
1.3 |
|
Daito
Trust Construction Co. Ltd. (Japan, Real Estate
Management & Development) |
1.3 |
|
L'Oreal
SA (France, Personal Care
Products) |
1.2 |
|
KDDI
Corp. (Japan, Wireless Telecommunication
Services) |
1.2 |
|
14.6 |
||
Market
Sectors (% of Fund's net assets) | ||
Financials |
16.5 |
|
Health
Care |
16.3 |
|
Consumer
Staples |
14.1 |
|
Industrials |
12.7 |
|
Communication
Services |
8.9 |
|
Utilities |
8.1 |
|
Consumer
Discretionary |
7.0 |
|
Real
Estate |
6.7 |
|
Information
Technology |
3.5 |
|
Materials |
3.7 |
|
Energy |
1.8 |
|
Asset
Allocation (% of Fund's net assets)
|
![]() |
Futures - 0.6% |
Geographic
Diversification (% of Fund's net assets)
|
![]() |
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are adjusted for the effect of derivatives, if
applicable. |
Common
Stocks - 99.3% | |||
Shares |
Value
($)
| ||
Australia
- 5.0% |
|||
BHP
Group Ltd. |
5,426 |
152,879 | |
Flutter
Entertainment PLC (Ireland) (a) |
545 |
85,229 | |
Glencore
PLC |
18,053 |
95,326 | |
Insurance
Australia Group Ltd. |
34,439 |
123,635 | |
JB
Hi-Fi Ltd. |
1,361 |
38,924 | |
Medibank
Private Ltd. |
57,370 |
124,591 | |
QBE
Insurance Group Ltd. |
13,846 |
136,759 | |
Rio
Tinto Ltd. |
753 |
56,058 | |
Rio
Tinto PLC |
1,777 |
113,314 | |
Sonic
Healthcare Ltd. |
5,067 |
92,235 | |
South32
Ltd. |
16,777 |
35,266 | |
Telstra
Group Ltd. |
121,831 |
293,893 | |
Washington
H. Soul Pattinson & Co. Ltd. |
6,036 |
127,721 | |
Wesfarmers
Ltd. |
2,436 |
77,920 | |
TOTAL AUSTRALIA |
1,553,750 | ||
Austria
- 0.0% |
|||
OMV
AG |
293 |
12,809 | |
Belgium
- 0.3% |
|||
UCB
SA |
1,476 |
107,743 | |
Brazil
- 0.2% |
|||
Yara
International ASA |
1,529 |
49,955 | |
Canada
- 8.8% |
|||
B2Gold
Corp. |
27,028 |
86,443 | |
Boyd
Group Services, Inc. |
376 |
64,036 | |
Brookfield
Asset Management Ltd. Class A |
3,926 |
112,414 | |
Canadian
Apartment Properties (REIT) unit |
7,909 |
232,556 | |
Canadian
National Railway Co. |
1,332 |
140,785 | |
Canadian
Natural Resources Ltd. |
1,037 |
65,779 | |
Canadian
Pacific Kansas City Ltd. |
2,019 |
143,195 | |
CGI,
Inc. Class A (sub. vtg.) (a) |
725 |
69,918 | |
Constellation
Software, Inc. |
44 |
88,111 | |
Constellation
Software, Inc. warrants 8/22/28 (a)(b) |
40 |
0 | |
Dollarama,
Inc. |
1,339 |
91,340 | |
Fairfax
Financial Holdings Ltd. (sub. vtg.) |
168 |
139,656 | |
Great-West
Lifeco, Inc. |
4,075 |
112,776 | |
iA
Financial Corp., Inc. |
1,796 |
104,390 | |
Imperial
Oil Ltd. |
671 |
38,199 | |
Intact
Financial Corp. |
1,024 |
143,718 | |
Loblaw
Companies Ltd. |
2,558 |
208,989 | |
Manulife
Financial Corp. |
8,389 |
145,875 | |
Metro,
Inc. |
4,230 |
214,631 | |
Northland
Power, Inc. |
19,079 |
267,855 | |
PrairieSky
Royalty Ltd. |
1,658 |
29,081 | |
Teck
Resources Ltd. Class B (sub. vtg.) |
2,363 |
83,405 | |
TMX
Group Ltd. |
5,441 |
113,190 | |
Whitecap
Resources, Inc./Alberta |
4,079 |
31,468 | |
TOTAL CANADA |
2,727,810 | ||
Denmark
- 3.9% |
|||
A.P.
Moller - Maersk A/S Series B |
63 |
104,608 | |
Carlsberg
A/S Series B |
1,547 |
184,027 | |
Coloplast
A/S Series B |
1,126 |
117,203 | |
Novo
Nordisk A/S Series B |
7,193 |
689,619 | |
Ringkjoebing
Landbobank A/S |
706 |
96,032 | |
TOTAL DENMARK |
1,191,489 | ||
Finland
- 0.8% |
|||
Kone
OYJ (B Shares) |
2,599 |
112,331 | |
Orion
Oyj (B Shares) |
3,078 |
122,134 | |
TOTAL FINLAND |
234,465 | ||
France
- 7.1% |
|||
Compagnie
de St.-Gobain |
2,037 |
110,670 | |
Dassault
Aviation SA |
494 |
97,905 | |
Edenred
SA |
2,499 |
132,706 | |
Eiffage
SA |
993 |
89,951 | |
Hermes
International SCA |
53 |
98,575 | |
Ipsen
SA |
936 |
110,313 | |
L'Oreal
SA |
907 |
379,789 | |
La
Francaise des Jeux SAEM (c) |
853 |
27,427 | |
LVMH
Moet Hennessy Louis Vuitton SE |
332 |
236,698 | |
Publicis
Groupe SA |
3,934 |
298,229 | |
SCOR
SE |
4,780 |
142,227 | |
Sodexo
SA |
357 |
37,690 | |
Sopra
Steria Group |
145 |
25,948 | |
Thales
SA |
752 |
110,605 | |
TotalEnergies
SE |
1,291 |
86,242 | |
Verallia
SA (c) |
1,317 |
42,792 | |
VINCI
SA |
1,528 |
168,745 | |
TOTAL FRANCE |
2,196,512 | ||
Germany
- 6.7% |
|||
Allianz
SE |
996 |
232,557 | |
Bayerische
Motoren Werke AG (BMW) |
1,043 |
96,608 | |
Beiersdorf
AG |
1,728 |
226,577 | |
Deutsche
Borse AG |
795 |
130,417 | |
DHL
Group |
2,126 |
82,606 | |
E.ON
SE |
34,472 |
408,822 | |
Fresenius
Medical Care AG & Co. KGaA |
2,453 |
81,207 | |
Fresenius
SE & Co. KGaA |
4,220 |
108,123 | |
Gerresheimer
AG |
1,001 |
93,003 | |
Hannover
Reuck SE |
548 |
120,655 | |
Knorr-Bremse
AG |
634 |
35,209 | |
Merck
KGaA |
836 |
125,788 | |
SAP
SE |
1,147 |
153,657 | |
Siemens
AG |
1,256 |
165,896 | |
TOTAL GERMANY |
2,061,125 | ||
Hong
Kong - 1.2% |
|||
Jardine
Matheson Holdings Ltd. |
1,977 |
79,970 | |
Sino
Land Ltd. |
299,322 |
298,763 | |
TOTAL HONG KONG |
378,733 | ||
Ireland
- 0.7% |
|||
Glanbia
PLC |
13,418 |
211,040 | |
Israel
- 1.4% |
|||
Bank
Hapoalim BM (Reg.) |
12,589 |
89,838 | |
Bank
Leumi le-Israel BM |
14,391 |
92,453 | |
Icl
Group Ltd. |
9,564 |
46,336 | |
Israel
Discount Bank Ltd. (Class A) |
20,843 |
91,449 | |
Mizrahi
Tefahot Bank Ltd. |
2,906 |
89,790 | |
NICE
Ltd. (a) |
189 |
29,180 | |
TOTAL ISRAEL |
439,046 | ||
Italy
- 2.9% |
|||
Assicurazioni
Generali SpA |
6,461 |
128,015 | |
BPER
Banca |
32,196 |
104,442 | |
Eni
SpA |
1,868 |
30,462 | |
Ferrari
NV (Italy) |
365 |
110,147 | |
Moncler
SpA |
1,241 |
64,196 | |
Recordati
SpA |
2,401 |
110,651 | |
Snam
SpA |
76,928 |
352,085 | |
TOTAL ITALY |
899,998 | ||
Japan
- 23.1% |
|||
Advance
Residence Investment Corp. |
161 |
349,226 | |
Astellas
Pharma, Inc. |
16,600 |
208,260 | |
Canon,
Inc. |
3,500 |
82,066 | |
Dai
Nippon Printing Co. Ltd. |
3,500 |
90,340 | |
Daito
Trust Construction Co. Ltd. |
3,700 |
394,566 | |
Fast
Retailing Co. Ltd. |
600 |
130,820 | |
GOLDWIN,
Inc. |
1,100 |
68,668 | |
INPEX
Corp. |
3,800 |
54,762 | |
Itochu
Corp. |
4,300 |
152,556 | |
Japan
Tobacco, Inc. |
12,100 |
281,317 | |
Kajima
Corp. |
6,300 |
103,125 | |
KDDI
Corp. |
12,700 |
376,275 | |
McDonald's
Holdings Co. (Japan) Ltd. |
2,300 |
89,452 | |
Mitsubishi
Corp. |
3,700 |
169,920 | |
Mitsubishi
UFJ Lease & Finance Co. Ltd. |
13,600 |
88,805 | |
Mitsui
& Co. Ltd. |
4,400 |
157,383 | |
Mizuho
Financial Group, Inc. |
8,500 |
142,869 | |
NEC
Corp. |
1,500 |
71,363 | |
Nexon
Co. Ltd. |
16,700 |
302,749 | |
Nippon
Telegraph & Telephone Corp. |
309,200 |
360,966 | |
NOF
Corp. |
1,500 |
58,764 | |
Obayashi
Corp. |
10,600 |
90,150 | |
OBIC
Co. Ltd. |
500 |
73,443 | |
Ono
Pharmaceutical Co. Ltd. |
11,000 |
188,956 | |
Otsuka
Corp. |
1,700 |
67,609 | |
Otsuka
Holdings Co. Ltd. |
6,100 |
203,407 | |
Sanrio
Co. Ltd. |
1,700 |
71,841 | |
Secom
Co. Ltd. |
1,600 |
110,403 | |
Sega
Sammy Holdings, Inc. |
4,300 |
66,610 | |
Sekisui
House Ltd. |
5,200 |
100,913 | |
SHIMANO,
Inc. |
700 |
99,630 | |
Shin-Etsu
Chemical Co. Ltd. |
3,600 |
106,209 | |
Shionogi
& Co. Ltd. |
5,000 |
230,678 | |
Sojitz
Corp. |
4,400 |
90,240 | |
Sompo
Holdings, Inc. |
2,500 |
107,415 | |
Sumitomo
Corp. |
5,900 |
114,478 | |
Sumitomo
Forestry Co. Ltd. |
4,000 |
93,341 | |
Sumitomo
Mitsui Financial Group, Inc. |
3,700 |
176,394 | |
Suntory
Beverage & Food Ltd. |
6,500 |
192,195 | |
Taisei
Corp. |
2,600 |
87,539 | |
TIS,
Inc. |
2,900 |
61,372 | |
Tokio
Marine Holdings, Inc. |
6,700 |
147,896 | |
Tokyo
Gas Co. Ltd. |
19,300 |
430,616 | |
Toppan
Holdings, Inc. |
4,300 |
98,013 | |
Toyo
Suisan Kaisha Ltd. |
5,400 |
248,169 | |
Trend
Micro, Inc. |
1,600 |
59,607 | |
USS
Co. Ltd. |
5,400 |
93,652 | |
TOTAL JAPAN |
7,145,028 | ||
Jordan
- 0.3% |
|||
Hikma
Pharmaceuticals PLC |
4,448 |
102,632 | |
Luxembourg
- 0.2% |
|||
ArcelorMittal
SA (Netherlands) |
2,480 |
54,734 | |
Netherlands
- 4.1% |
|||
ASML
Holding NV (Netherlands) |
386 |
230,644 | |
BE
Semiconductor Industries NV |
311 |
31,985 | |
Heineken
Holding NV |
2,693 |
204,379 | |
Koninklijke
Ahold Delhaize NV |
7,843 |
232,121 | |
Koninklijke
KPN NV |
86,352 |
289,795 | |
Shell
PLC (London) |
3,751 |
120,459 | |
Wolters
Kluwer NV |
1,184 |
151,555 | |
TOTAL NETHERLANDS |
1,260,938 | ||
Norway
- 0.7% |
|||
Equinor
ASA |
834 |
27,954 | |
Orkla
ASA |
27,623 |
190,241 | |
TOTAL NORWAY |
218,195 | ||
Portugal
- 0.7% |
|||
Galp
Energia SGPS SA Class B |
977 |
14,675 | |
Jeronimo
Martins SGPS SA |
8,198 |
188,730 | |
TOTAL PORTUGAL |
203,405 | ||
Singapore
- 2.4% |
|||
CapitaMall
Trust |
244,700 |
314,348 | |
Oversea-Chinese
Banking Corp. Ltd. |
16,981 |
157,161 | |
Singapore
Exchange Ltd. |
16,500 |
114,051 | |
United
Overseas Bank Ltd. |
7,100 |
140,026 | |
TOTAL SINGAPORE |
725,586 | ||
Spain
- 3.1% |
|||
CaixaBank
SA |
29,495 |
119,561 | |
Endesa
SA |
18,473 |
346,879 | |
Industria
de Diseno Textil SA |
3,175 |
109,237 | |
Redeia
Corp. SA |
23,433 |
364,223 | |
Repsol
SA |
1,305 |
19,070 | |
TOTAL SPAIN |
958,970 | ||
Sweden
- 2.5% |
|||
Atlas
Copco AB (A Shares) |
10,302 |
132,963 | |
Epiroc
AB (A Shares) |
4,862 |
79,854 | |
Ericsson
(B Shares) |
8,407 |
37,631 | |
Essity
AB (B Shares) |
9,679 |
220,303 | |
Evolution
AB (c) |
807 |
71,645 | |
Industrivarden
AB (A Shares) |
4,091 |
105,528 | |
Securitas
AB (B Shares) |
8,777 |
70,121 | |
SSAB
AB (B Shares) |
10,314 |
59,746 | |
TOTAL SWEDEN |
777,791 | ||
Switzerland
- 7.7% |
|||
Baloise
Holdings AG |
701 |
100,291 | |
BKW
AG |
2,115 |
354,650 | |
Bucher
Industries AG |
240 |
85,288 | |
Galenica
AG (c) |
1,450 |
109,222 | |
Kuehne
& Nagel International AG |
404 |
108,541 | |
Novartis
AG |
5,396 |
501,267 | |
PSP
Swiss Property AG |
4,015 |
492,803 | |
Sandoz
Group AG |
1,077 |
27,989 | |
Swatch
Group AG (Bearer) |
267 |
68,125 | |
Swisscom
AG |
513 |
306,656 | |
UBS
Group AG |
9,771 |
227,834 | |
TOTAL SWITZERLAND |
2,382,666 | ||
United
Kingdom - 10.5% |
|||
AstraZeneca
PLC (United Kingdom) |
3,575 |
444,654 | |
Auto
Trader Group PLC (c) |
37,047 |
279,258 | |
BAE
Systems PLC |
10,013 |
134,139 | |
Barclays
PLC |
82,187 |
131,244 | |
Beazley
PLC |
19,068 |
119,045 | |
British
American Tobacco PLC (United Kingdom) |
8,953 |
266,603 | |
CK
Hutchison Holdings Ltd. |
16,500 |
83,400 | |
Compass
Group PLC |
4,479 |
112,668 | |
IG
Group Holdings PLC |
13,898 |
107,596 | |
Imperial
Brands PLC |
8,683 |
184,492 | |
InterContinental
Hotel Group PLC |
1,083 |
76,353 | |
J
Sainsbury PLC |
50,009 |
156,138 | |
Man
Group PLC |
44,162 |
117,626 | |
RELX
PLC (London Stock Exchange) |
4,979 |
173,278 | |
Rightmove
PLC |
40,933 |
234,940 | |
Sage
Group PLC |
3,346 |
39,408 | |
Smith
& Nephew PLC |
9,178 |
102,550 | |
Standard
Chartered PLC (United Kingdom) |
15,809 |
120,856 | |
Unilever
PLC |
7,818 |
368,940 | |
TOTAL UNITED KINGDOM |
3,253,188 | ||
United
States of America - 5.0% |
|||
CSL
Ltd. |
1,414 |
208,017 | |
Experian
PLC |
3,364 |
101,684 | |
GSK
PLC |
13,544 |
239,523 | |
Haleon
PLC |
48,212 |
192,767 | |
Holcim
AG |
1,286 |
79,247 | |
Roche
Holding AG (participation certificate) |
1,672 |
429,644 | |
Sanofi
SA |
3,143 |
284,708 | |
TOTAL UNITED STATES OF
AMERICA |
1,535,590 | ||
TOTAL
COMMON STOCKS
(Cost
$31,707,656) |
30,683,198 | ||
Money
Market Funds - 0.7% | |||
Shares |
Value
($)
| ||
Fidelity
Cash Central Fund 5.40% (d)
(Cost
$208,816)
|
208,775 |
208,816 | |
TOTAL
INVESTMENT IN SECURITIES - 100.0%
(Cost
$31,916,472)
|
30,892,014 |
NET
OTHER ASSETS (LIABILITIES) - 0.0% |
(5,812) |
NET
ASSETS - 100.0% |
30,886,202 |
Futures
Contracts | |||||
Number
of
contracts |
Expiration
Date |
Notional
Amount
($)
|
Value
($)
|
Unrealized
Appreciation/
(Depreciation)
($)
| |
Purchased |
|||||
Equity
Index Contracts |
|||||
ICE
MSCI EAFE Index Contracts (United States) |
2 |
Dec
2023 |
197,410 |
(4,498) |
(4,498) |
The
notional amount of futures purchased as a percentage of Net Assets is
0.6% |
(a) |
Non-income
producing
|
(b) |
Level
3 security
|
(c) |
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 $530,344 or 1.7% of
net assets.
|
(d) |
Affiliated
fund that is generally available only to investment companies and other
accounts managed by Fidelity Investments. The rate quoted is the
annualized seven-day yield of the fund at period end. A complete unaudited
listing of the fund's holdings as of its most recent quarter end is
available upon request. In addition, each Fidelity Central Fund's
financial statements, which are not covered by the Fund's Report of
Independent Registered Public Accounting Firm, are available on the SEC's
website or upon request.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 5.40% |
- |
1,882,741 |
1,673,925 |
3,031 |
- |
- |
208,816 |
0.0% |
Total |
- |
1,882,741 |
1,673,925 |
3,031 |
- |
- |
208,816 |
|
Valuation
Inputs at Reporting Date: | ||||
Description |
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
2,742,761 |
2,742,761 |
- |
- |
Consumer
Discretionary |
2,217,709 |
2,217,709 |
- |
- |
Consumer
Staples |
4,351,448 |
4,351,448 |
- |
- |
Energy |
530,960 |
530,960 |
- |
- |
Financials |
5,059,504 |
5,059,504 |
- |
- |
Health
Care |
5,039,526 |
5,039,526 |
- |
- |
Industrials |
3,891,482 |
3,891,482 |
- |
- |
Information
Technology |
1,121,942 |
1,121,942 |
- |
- |
Materials |
1,120,474 |
1,120,474 |
- |
- |
Real
Estate |
2,082,262 |
2,082,262 |
- |
- |
Utilities |
2,525,130 |
2,525,130 |
- |
- |
Money Market
Funds |
208,816 |
208,816 |
- |
- |
Total Investments in Securities: |
30,892,014 |
30,892,014 |
- |
- |
Derivative
Instruments:
Liabilities |
||||
Futures
Contracts |
(4,498) |
(4,498) |
- |
- |
Total
Liabilities |
(4,498) |
(4,498) |
- |
- |
Total Derivative Instruments: |
(4,498) |
(4,498) |
- |
- |
Primary
Risk Exposure / Derivative Type
|
Value | |
Asset
($) |
Liability
($) | |
Equity
Risk |
||
Futures
Contracts (a) |
0 |
(4,498) |
Total
Equity Risk |
0 |
(4,498) |
Total
Value of Derivatives |
0 |
(4,498) |
Statement
of Assets and Liabilities | ||||
October
31, 2023 | ||||
Assets
|
||||
Investment
in securities, at value - See accompanying
schedule: |
||||
Unaffiliated issuers (cost
$31,707,656) |
$ |
30,683,198 |
||
Fidelity Central Funds (cost
$208,816) |
208,816 |
|||
Total
Investment in Securities (cost $31,916,472) |
$ |
30,892,014 | ||
Segregated
cash with brokers for derivative instruments |
8,994 | |||
Foreign
currency held at value (cost $7,792) |
7,767 | |||
Dividends
receivable |
85,613 | |||
Reclaims
receivable |
45,446 | |||
Distributions
receivable from Fidelity Central Funds |
262 | |||
Receivable
for daily variation margin on futures contracts |
590 | |||
Total assets |
31,040,686 | |||
Liabilities |
||||
Payable
for investments purchased |
$ |
145,016 |
||
Accrued
management fee |
9,468 |
|||
Total
Liabilities |
154,484 | |||
Net
Assets |
$ |
30,886,202 | ||
Net
Assets consist of: |
||||
Paid
in capital |
$ |
34,104,710 | ||
Total
accumulated earnings (loss) |
(3,218,508) | |||
Net
Assets |
$ |
30,886,202 | ||
Net
Asset Value,
offering price and redemption price per share ($30,886,202 ÷ 1,300,000
shares) |
$ |
23.76 |
Statement
of Operations | ||||
Year
ended
October
31, 2023 | ||||
Investment
Income |
||||
Dividends
|
$ |
793,612 | ||
Income
from Fidelity Central Funds |
3,031 | |||
Income before foreign taxes withheld |
$ |
796,643 | ||
Less
foreign taxes withheld |
(80,548) | |||
Total Income |
716,095 | |||
Expenses |
||||
Management
fee |
$ |
87,727 |
||
Independent
trustees' fees and expenses |
113 |
|||
Total expenses before reductions |
87,840 |
|||
Expense reductions |
(367) |
|||
Total expenses after reductions |
87,473 | |||
Net
Investment income (loss) |
628,622 | |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(558,946) |
|||
Foreign currency transactions |
(606) |
|||
Futures contracts |
10,021 |
|||
Total
net realized gain (loss) |
(549,531) | |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
530,593 |
|||
Assets and liabilities in foreign
currencies |
29,656 |
|||
Futures contracts |
230 |
|||
Total
change in net unrealized appreciation (depreciation) |
560,479 | |||
Net
gain (loss) |
10,948 | |||
Net
increase (decrease) in net assets resulting from
operations |
$ |
639,570 |
Statement
of Changes in Net Assets | ||||
Year
ended
October
31, 2023 |
Year
ended
October
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations |
||||
Net
investment income (loss) |
$ |
628,622 |
$ |
389,711 |
Net
realized gain (loss) |
(549,531)
|
(1,163,840)
| ||
Change
in net unrealized appreciation (depreciation) |
560,479 |
(3,143,159)
| ||
Net
increase (decrease) in net assets resulting from
operations |
639,570
|
(3,917,288)
| ||
Distributions
to shareholders |
(626,600)
|
(524,400)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
17,630,620 |
2,824,049 | ||
Cost
of shares redeemed |
- |
(2,787,735) | ||
Net increase (decrease) in net assets resulting from share
transactions |
17,630,620
|
36,314
| ||
Total
increase (decrease) in net assets |
17,643,590
|
(4,405,374)
| ||
Net
Assets |
||||
Beginning
of period |
13,242,612 |
17,647,986
| ||
End
of period |
$ |
30,886,202 |
$ |
13,242,612 |
Other
Information |
||||
Shares |
||||
Sold |
700,000 |
100,000 | ||
Redeemed |
- |
(100,000) | ||
Net
increase (decrease) |
700,000 |
- | ||
Fidelity®
International Multifactor ETF |
Years
ended October 31, |
2023
|
2022 |
2021 |
2020 |
2019 A | |||||
Selected Per-Share
Data |
||||||||||
Net asset value, beginning
of period |
$ |
22.07 |
$ |
29.41 |
$ |
24.01 |
$ |
26.18 |
$ |
25.05 |
Income from Investment
Operations |
||||||||||
Net investment income (loss) B,C |
.70
|
.65
|
.65
|
.57
|
.55
| |||||
Net realized and unrealized gain (loss)
|
1.67
|
(7.12)
|
5.34
|
(2.07)
|
1.12
| |||||
Total from investment
operations |
2.37
|
(6.47)
|
5.99
|
(1.50)
|
1.67
| |||||
Distributions from net
investment income |
(.68)
|
(.87)
|
(.59)
|
(.67)
|
(.54)
| |||||
Total distributions |
(.68)
|
(.87)
|
(.59)
|
(.67)
|
(.54)
| |||||
Net asset value, end of
period |
$ |
23.76 |
$ |
22.07 |
$ |
29.41 |
$ |
24.01 |
$ |
26.18 |
Total Return D,E |
10.58%
|
(22.36)%
|
25.08%
|
(5.73)%
|
6.72%
| |||||
Ratios to Average Net Assets C,F,G |
||||||||||
Expenses before reductions
|
.39%
|
.39%
|
.39%
|
.39%
|
.39%
H | |||||
Expenses net of fee
waivers, if any |
.39%
|
.39%
|
.39%
|
.39%
|
.39%
H | |||||
Expenses net of all
reductions |
.39%
|
.39%
|
.39%
|
.39%
|
.39%
H | |||||
Net investment income
(loss) |
2.78%
|
2.51%
|
2.28%
|
2.29%
|
3.18%
H | |||||
Supplemental Data |
||||||||||
Net assets, end of period
(000 omitted) |
$ |
30,886 |
$ |
13,243 |
$ |
17,648 |
$ |
7,202 |
$ |
10,473 |
Portfolio turnover rate
I,J |
60%
|
61%
|
74%
|
69%
|
35%
K |
Average
Annual Total Returns | |||
Periods
ended October 31, 2023
|
Past
1
year |
Past
5
years |
Life
of
Fund
|
Fidelity®
International Value Factor ETF - NAV A |
18.72% |
4.45% |
1.06% |
Fidelity®
International Value Factor ETF - Market Price B |
20.20% |
4.63% |
1.01% |
Fidelity
International Value Factor Index℠ A |
19.32% |
5.03% |
1.62% |
MSCI
World ex USA Index A |
12.82% |
4.49% |
1.41% |
$10,000 Over Life of Fund |
Let's
say hypothetically that $10,000 was invested in Fidelity® International
Value Factor ETF - NAV, on January 16, 2018, when the fund
started.
The
chart shows how the value of your investment would have changed, and also
shows how the Fidelity International Value Factor Index℠ and the MSCI
World ex USA Index performed over the same
period. |
![]() |
Top
Holdings (% of Fund's net
assets) | ||
Nestle
SA (Reg. S) (United States of America, Food
Products) |
2.2 |
|
Shell
PLC (London) (Netherlands, Oil, Gas &
Consumable Fuels) |
1.8 |
|
Novartis
AG (Switzerland,
Pharmaceuticals) |
1.7 |
|
SAP
SE (Germany, Software) |
1.6 |
|
Mitsubishi
UFJ Financial Group, Inc. (Japan,
Banks) |
1.6 |
|
Japan
Tobacco, Inc. (Japan, Tobacco) |
1.6 |
|
KDDI
Corp. (Japan, Wireless Telecommunication
Services) |
1.6 |
|
AstraZeneca
PLC (United Kingdom) (United Kingdom, Pharmaceuticals) |
1.5 |
|
Roche
Holding AG (participation certificate) (United
States of America, Pharmaceuticals) |
1.5 |
|
LVMH
Moet Hennessy Louis Vuitton SE (France,
Textiles, Apparel & Luxury Goods) |
1.4 |
|
16.5 |
||
Market
Sectors (% of Fund's net assets) | ||
Financials |
20.8 |
|
Industrials |
15.9 |
|
Health
Care |
11.1 |
|
Consumer
Discretionary |
10.7 |
|
Consumer
Staples |
9.0 |
|
Information
Technology |
8.2 |
|
Materials |
7.6 |
|
Energy |
6.7 |
|
Communication
Services |
4.2 |
|
Utilities |
3.3 |
|
Real
Estate |
2.0 |
|
Asset
Allocation (% of Fund's net assets)
|
![]() |
Futures - 0.4% |
Geographic
Diversification (% of Fund's net assets)
|
![]() |
*
Includes Short-Term investments and Net Other Assets
(Liabilities).
Percentages
are adjusted for the effect of derivatives, if
applicable. |
Common
Stocks - 99.5% | |||
Shares |
Value
($)
| ||
Australia
- 5.5% |
|||
BHP
Group Ltd. |
31,196 |
878,953 | |
Glencore
PLC |
161,072 |
850,513 | |
Macquarie
Group Ltd. |
7,639 |
778,601 | |
QBE
Insurance Group Ltd. |
73,045 |
721,476 | |
Rio
Tinto Ltd. |
5,278 |
392,925 | |
Sonic
Healthcare Ltd. |
23,915 |
435,326 | |
TOTAL AUSTRALIA |
4,057,794 | ||
Canada
- 9.9% |
|||
Bank
of Nova Scotia |
17,181 |
694,913 | |
Canadian
Apartment Properties (REIT) unit |
1,509 |
44,371 | |
Canadian
National Railway Co. |
5,147 |
544,008 | |
Canadian
Natural Resources Ltd. |
13,251 |
840,542 | |
Canadian
Pacific Kansas City Ltd. |
7,750 |
549,660 | |
Canadian
Tire Ltd. Class A (non-vtg.) |
2,395 |
230,762 | |
CGI,
Inc. Class A (sub. vtg.) (a) |
8,139 |
784,909 | |
Fairfax
Financial Holdings Ltd. (sub. vtg.) |
809 |
672,509 | |
iA
Financial Corp., Inc. |
9,071 |
527,239 | |
Manulife
Financial Corp. |
37,996 |
660,705 | |
Northland
Power, Inc. |
15,203 |
213,439 | |
Nutrien
Ltd. |
14,639 |
785,386 | |
Suncor
Energy, Inc. |
22,461 |
726,615 | |
TOTAL CANADA |
7,275,058 | ||
China
- 1.5% |
|||
BOC
Hong Kong (Holdings) Ltd. |
198,000 |
523,810 | |
Wilmar
International Ltd. |
224,400 |
583,091 | |
TOTAL CHINA |
1,106,901 | ||
Denmark
- 0.7% |
|||
A.P.
Moller - Maersk A/S Series B |
330 |
547,948 | |
Finland
- 0.8% |
|||
Nokia
Corp. |
171,996 |
570,851 | |
France
- 9.7% |
|||
Capgemini
SA |
3,907 |
687,595 | |
Carrefour
SA |
25,358 |
444,400 | |
Compagnie
de St.-Gobain |
15,439 |
838,798 | |
Engie
SA |
54,888 |
870,481 | |
Kering
SA |
841 |
340,641 | |
Klepierre
SA |
17,545 |
424,682 | |
LVMH
Moet Hennessy Louis Vuitton SE |
1,464 |
1,043,754 | |
Societe
Generale Series A |
33,665 |
752,422 | |
Teleperformance
|
6,508 |
743,959 | |
TotalEnergies
SE |
15,256 |
1,019,137 | |
TOTAL FRANCE |
7,165,869 | ||
Germany
- 11.6% |
|||
Allianz
SE |
4,209 |
982,765 | |
Bayer
AG |
9,872 |
424,275 | |
Bayerische
Motoren Werke AG (BMW) |
7,631 |
706,821 | |
Commerzbank
AG |
51,996 |
557,842 | |
Deutsche
Bank AG |
61,082 |
668,621 | |
Deutsche
Telekom AG |
40,584 |
878,322 | |
Fresenius
Medical Care AG & Co. KGaA |
6,989 |
231,373 | |
Fresenius
SE & Co. KGaA |
11,973 |
306,768 | |
K+S
AG |
36,734 |
616,198 | |
Mercedes-Benz
Group AG (Germany) |
12,073 |
707,351 | |
Merck
KGaA |
2,324 |
349,678 | |
SAP
SE |
9,099 |
1,218,940 | |
Siemens
AG |
6,915 |
913,352 | |
TOTAL GERMANY |
8,562,306 | ||
Hong
Kong - 2.1% |
|||
CK
Asset Holdings Ltd. |
77,500 |
387,272 | |
Hong
Kong Exchanges and Clearing Ltd. |
18,300 |
643,164 | |
Jardine
Matheson Holdings Ltd. |
12,700 |
513,715 | |
TOTAL HONG KONG |
1,544,151 | ||
Italy
- 3.9% |
|||
Assicurazioni
Generali SpA |
33,049 |
654,815 | |
Enel
SpA |
145,867 |
923,238 | |
Eni
SpA |
31,044 |
506,247 | |
UniCredit
SpA |
31,792 |
793,898 | |
TOTAL ITALY |
2,878,198 | ||
Japan
- 23.5% |
|||
Dai-ichi
Mutual Life Insurance Co. |
41,900 |
878,698 | |
Daiwa
House Industry Co. Ltd. |
20,700 |
564,092 | |
Fujitsu
Ltd. |
6,200 |
794,830 | |
Honda
Motor Co. Ltd. |
93,300 |
928,102 | |
INPEX
Corp. |
34,500 |
497,185 | |
Japan
Tobacco, Inc. |
50,800 |
1,181,068 | |
KDDI
Corp. |
38,800 |
1,149,563 | |
Marubeni
Corp. |
47,300 |
680,243 | |
Mitsubishi
Corp. |
19,900 |
913,893 | |
Mitsubishi
UFJ Financial Group, Inc. |
143,600 |
1,191,886 | |
Mitsui
& Co. Ltd. |
24,500 |
876,335 | |
NEC
Corp. |
15,300 |
727,898 | |
Nippon
Steel & Sumitomo Metal Corp. |
39,500 |
842,973 | |
Nippon
Yusen KK |
28,400 |
689,536 | |
Ono
Pharmaceutical Co. Ltd. |
38,500 |
661,347 | |
Panasonic
Holdings Corp. |
72,400 |
625,782 | |
Shionogi
& Co. Ltd. |
17,200 |
793,532 | |
Subaru
Corp. |
42,100 |
711,512 | |
Sumco
Corp. |
50,800 |
649,067 | |
Sumitomo
Corp. |
38,200 |
741,198 | |
Sumitomo
Forestry Co. Ltd. |
32,200 |
751,394 | |
Tokyo
Gas Co. Ltd. |
21,500 |
479,702 | |
TOTAL JAPAN |
17,329,836 | ||
Luxembourg
- 0.8% |
|||
ArcelorMittal
SA (Netherlands) |
27,352 |
603,663 | |
Netherlands
- 4.3% |
|||
Koninklijke
Ahold Delhaize NV |
17,789 |
526,483 | |
Randstad
NV |
10,594 |
546,903 | |
Shell
PLC (London) |
41,007 |
1,316,897 | |
Stellantis
NV (Italy) |
43,930 |
817,239 | |
TOTAL NETHERLANDS |
3,207,522 | ||
Singapore
- 1.0% |
|||
Genting
Singapore Ltd. |
646,200 |
405,629 | |
Singapore
Telecommunications Ltd. |
209,500 |
363,936 | |
TOTAL SINGAPORE |
769,565 | ||
Spain
- 1.1% |
|||
Banco
Santander SA (Spain) |
217,978 |
798,576 | |
Sweden
- 3.7% |
|||
Ericsson
(B Shares) |
130,512 |
584,186 | |
Essity
AB (B Shares) |
21,763 |
495,346 | |
SSAB
AB (B Shares) |
123,101 |
713,089 | |
Volvo
AB (B Shares) |
46,036 |
910,201 | |
TOTAL SWEDEN |
2,702,822 | ||
Switzerland
- 4.0% |
|||
ABB
Ltd. (Reg.) |
18,612 |
622,547 | |
Novartis
AG |
13,538 |
1,257,626 | |
Sandoz
Group AG |
2,707 |
70,348 | |
UBS
Group AG |
42,361 |
987,748 | |
TOTAL SWITZERLAND |
2,938,269 | ||
United
Kingdom - 9.8% |
|||
3i
Group PLC |
19,317 |
453,451 | |
Ashtead
Group PLC |
8,899 |
507,961 | |
AstraZeneca
PLC (United Kingdom) |
9,010 |
1,120,651 | |
BAE
Systems PLC |
52,872 |
708,299 | |
Barclays
PLC |
255,048 |
407,286 | |
British
American Tobacco PLC (United Kingdom) |
20,027 |
596,365 | |
HSBC
Holdings PLC (United Kingdom) |
132,641 |
953,326 | |
Imperial
Brands PLC |
18,749 |
398,370 | |
Kingfisher
PLC |
233,268 |
593,858 | |
Unilever
PLC |
17,864 |
843,021 | |
Vodafone
Group PLC |
689,749 |
633,591 | |
TOTAL UNITED KINGDOM |
7,216,179 | ||
United
States of America - 5.6% |
|||
GSK
PLC |
35,912 |
635,097 | |
Nestle
SA (Reg. S) |
15,363 |
1,655,399 | |
Roche
Holding AG (participation certificate) |
4,208 |
1,081,304 | |
Sanofi
SA |
8,121 |
735,640 | |
TOTAL UNITED STATES OF
AMERICA |
4,107,440 | ||
TOTAL
COMMON STOCKS
(Cost
$76,456,870) |
73,382,948 | ||
Money
Market Funds - 0.1% | |||
Shares |
Value
($)
| ||
Fidelity
Cash Central Fund 5.40% (b)
(Cost
$74,181)
|
74,166 |
74,181 | |
TOTAL
INVESTMENT IN SECURITIES - 99.6%
(Cost
$76,531,051)
|
73,457,129 |
NET
OTHER ASSETS (LIABILITIES) - 0.4% |
310,469 |
NET
ASSETS - 100.0% |
73,767,598 |
Futures
Contracts | |||||
Number
of
contracts |
Expiration
Date |
Notional
Amount
($)
|
Value
($)
|
Unrealized
Appreciation/
(Depreciation)
($)
| |
Purchased |
|||||
Equity
Index Contracts |
|||||
ICE
MSCI EAFE Index Contracts (United States) |
3 |
Dec
2023 |
296,115 |
(11,139) |
(11,139) |
The
notional amount of futures purchased as a percentage of Net Assets is
0.4% |
(a) |
Non-income
producing
|
(b) |
Affiliated
fund that is generally available only to investment companies and other
accounts managed by Fidelity Investments. The rate quoted is the
annualized seven-day yield of the fund at period end. A complete unaudited
listing of the fund's holdings as of its most recent quarter end is
available upon request. In addition, each Fidelity Central Fund's
financial statements, which are not covered by the Fund's Report of
Independent Registered Public Accounting Firm, are available on the SEC's
website or upon request.
|
Affiliate
|
Value,
beginning
of
period ($) |
Purchases
($) |
Sales
Proceeds
($) |
Dividend
Income
($) |
Realized
Gain
(loss) ($) |
Change
in
Unrealized
appreciation
(depreciation)
($) |
Value,
end
of
period ($) |
%
ownership,
end
of
period |
Fidelity
Cash Central Fund 5.40% |
34,107 |
3,180,127 |
3,140,053 |
4,120 |
- |
- |
74,181 |
0.0% |
Fidelity
Securities Lending Cash Central Fund 5.40% |
- |
1,360,459 |
1,360,459 |
4,117 |
- |
- |
- |
0.0% |
Total |
34,107 |
4,540,586 |
4,500,512 |
8,237 |
- |
- |
74,181 |
|
Valuation
Inputs at Reporting Date: | ||||
Description |
Total
($) |
Level
1 ($) |
Level
2 ($) |
Level
3 ($) |
Investments
in Securities: |
||||
Equities: |
||||
Communication
Services |
3,025,412 |
3,025,412 |
- |
- |
Consumer
Discretionary |
7,862,845 |
7,862,845 |
- |
- |
Consumer
Staples |
6,723,543 |
6,723,543 |
- |
- |
Energy |
4,906,623 |
4,906,623 |
- |
- |
Financials |
15,303,751 |
15,303,751 |
- |
- |
Health
Care |
8,102,965 |
8,102,965 |
- |
- |
Industrials |
11,848,556 |
11,848,556 |
- |
- |
Information
Technology |
6,018,276 |
6,018,276 |
- |
- |
Materials |
5,683,700 |
5,683,700 |
- |
- |
Real
Estate |
1,420,417 |
1,420,417 |
- |
- |
Utilities |
2,486,860 |
2,486,860 |
- |
- |
Money Market
Funds |
74,181 |
74,181 |
- |
- |
Total Investments in Securities: |
73,457,129 |
73,457,129 |
- |
- |
Derivative
Instruments:
Liabilities |
||||
Futures
Contracts |
(11,139) |
(11,139) |
- |
- |
Total
Liabilities |
(11,139) |
(11,139) |
- |
- |
Total Derivative Instruments: |
(11,139) |
(11,139) |
- |
- |
Primary
Risk Exposure / Derivative Type
|
Value | |
Asset
($) |
Liability
($) | |
Equity
Risk |
||
Futures
Contracts (a) |
0 |
(11,139) |
Total
Equity Risk |
0 |
(11,139) |
Total
Value of Derivatives |
0 |
(11,139) |
Statement
of Assets and Liabilities | ||||
October
31, 2023 | ||||
Assets
|
||||
Investment
in securities, at value - See accompanying
schedule: |
||||
Unaffiliated issuers (cost
$76,456,870) |
$ |
73,382,948 |
||
Fidelity Central Funds (cost
$74,181) |
74,181 |
|||
Total
Investment in Securities (cost $76,531,051) |
$ |
73,457,129 | ||
Segregated
cash with brokers for derivative instruments |
19,311 | |||
Cash |
3,825 | |||
Foreign
currency held at value (cost $8,155) |
8,119 | |||
Dividends
receivable |
214,911 | |||
Reclaims
receivable |
85,560 | |||
Distributions
receivable from Fidelity Central Funds |
1,101 | |||
Receivable
for daily variation margin on futures contracts |
885 | |||
Total assets |
73,790,841 | |||
Liabilities |
||||
Accrued
management fee |
$ |
23,243 |
||
Total
Liabilities |
23,243 | |||
Net
Assets |
$ |
73,767,598 | ||
Net
Assets consist of: |
||||
Paid
in capital |
$ |
83,486,109 | ||
Total
accumulated earnings (loss) |
(9,718,511) | |||
Net
Assets |
$ |
73,767,598 | ||
Net
Asset Value,
offering price and redemption price per share ($73,767,598 ÷ 3,400,000
shares) |
$ |
21.70 |
Statement
of Operations | ||||
Year
ended
October
31, 2023 | ||||
Investment
Income |
||||
Dividends
|
$ |
2,121,664 | ||
Income
from Fidelity Central Funds (including $4,117 from security lending)
|
8,237 | |||
Income before foreign taxes withheld |
$ |
2,129,901 | ||
Less
foreign taxes withheld |
(199,850) | |||
Total Income |
1,930,051 | |||
Expenses |
||||
Management
fee |
$ |
191,928 |
||
Independent
trustees' fees and expenses |
253 |
|||
Total expenses before reductions |
192,181 |
|||
Expense reductions |
(350) |
|||
Total expenses after reductions |
191,831 | |||
Net
Investment income (loss) |
1,738,220 | |||
Realized
and Unrealized Gain (Loss) |
||||
Net
realized gain (loss) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
(1,205,445) |
|||
Redemptions in-kind |
1,707,252 |
|||
Foreign currency transactions |
(37,906) |
|||
Futures contracts |
38,331 |
|||
Total
net realized gain (loss) |
502,232 | |||
Change
in net unrealized appreciation (depreciation) on: |
||||
Investment Securities: |
||||
Unaffiliated issuers |
2,926,649 |
|||
Assets and liabilities in foreign
currencies |
67,988 |
|||
Futures contracts |
(24,315) |
|||
Total
change in net unrealized appreciation (depreciation) |
2,970,322 | |||
Net
gain (loss) |
3,472,554 | |||
Net
increase (decrease) in net assets resulting from
operations |
$ |
5,210,774 |
Statement
of Changes in Net Assets | ||||
Year
ended
October
31, 2023 |
Year
ended
October
31, 2022 | |||
Increase
(Decrease) in Net Assets |
||||
Operations |
||||
Net
investment income (loss) |
$ |
1,738,220 |
$ |
1,515,077 |
Net
realized gain (loss) |
502,232
|
(1,837,712)
| ||
Change
in net unrealized appreciation (depreciation) |
2,970,322 |
(8,191,270)
| ||
Net
increase (decrease) in net assets resulting from
operations |
5,210,774
|
(8,513,905)
| ||
Distributions
to shareholders |
(1,727,100)
|
(1,749,900)
| ||
Share
transactions |
||||
Proceeds
from sales of shares |
41,390,748 |
18,476,821 | ||
Cost
of shares redeemed |
(8,989,408) |
(11,779,865) | ||
Net increase (decrease) in net assets resulting from share
transactions |
32,401,340
|
6,696,956
| ||
Total
increase (decrease) in net assets |
35,885,014
|
(3,566,849)
| ||
Net
Assets |
||||
Beginning
of period |
37,882,584 |
41,449,433
| ||
End
of period |
$ |
73,767,598 |
$ |
37,882,584 |
Other
Information |
||||
Shares |
||||
Sold |
1,800,000 |
800,000 | ||
Redeemed |
(400,000) |
(500,000) | ||
Net
increase (decrease) |
1,400,000 |
300,000 | ||
Fidelity®
International Value Factor ETF |
Years
ended October 31, |
2023
|
2022 |
2021 |
2020 |
2019 | |||||
Selected Per-Share
Data |
||||||||||
Net asset value, beginning
of period |
$ |
18.94 |
$ |
24.38 |
$ |
17.82 |
$ |
21.89 |
$ |
20.89 |
Income from Investment
Operations |
||||||||||
Net investment income (loss) A,B |
.79
|
.83
|
.79
|
.51
|
.80
| |||||
Net realized and unrealized gain (loss)
|
2.78
|
(5.32)
|
6.54
|
(4.09)
|
1.05
| |||||
Total from investment
operations |
3.57
|
(4.49)
|
7.33
|
(3.58)
|
1.85
| |||||
Distributions from net
investment income |
(.81)
|
(.95)
|
(.77)
|
(.49)
|
(.85)
| |||||
Total distributions |
(.81)
|
(.95)
|
(.77)
|
(.49)
|
(.85)
| |||||
Net asset value, end of
period |
$ |
21.70 |
$ |
18.94 |
$ |
24.38 |
$ |
17.82 |
$ |
21.89 |
Total Return C,D |
18.72%
|
(18.82)%
|
41.36%
|
(16.32)%
|
9.04%
| |||||
Ratios to Average Net Assets B,E,F |
||||||||||
Expenses before reductions
|
.39%
|
.39%
|
.39%
|
.39%
|
.39%
| |||||
Expenses net of fee
waivers, if any |
.39%
|
.39%
|
.39%
|
.39%
|
.39%
| |||||
Expenses net of all
reductions |
.39%
|
.39%
|
.39%
|
.39%
|
.39%
| |||||
Net investment income
(loss) |
3.52%
|
3.79%
|
3.32%
|
2.60%
|
3.74%
| |||||
Supplemental Data |
||||||||||
Net assets, end of period
(000 omitted) |
$ |
73,768 |
$ |
37,883 |
$ |
41,449 |
$ |
14,254 |
$ |
13,135 |
Portfolio turnover rate
G |
81%
H |
69%
H |
101%
H |
76%
H |
56%
|
Fidelity
Central Fund |
Investment
Manager |
Investment
Objective |
Investment
Practices |
Expense
RatioA |
Fidelity
Money Market Central Funds |
Fidelity
Management & Research Company LLC (FMR) |
Each
fund seeks to obtain a high level of current income consistent with the
preservation of capital and liquidity. |
Short-term
Investments |
Less
than .005% |
|
Tax
cost |
Gross
unrealized appreciation |
Gross
unrealized depreciation |
Net
unrealized appreciation (depreciation) |
Fidelity
Emerging Markets Multifactor ETF |
$26,481,304 |
$2,025,494 |
$(2,923,183) |
$(897,689) |
Fidelity
International High Dividend ETF |
95,376,206 |
2,475,567 |
(15,898,398) |
(13,422,831) |
Fidelity
International Multifactor ETF |
32,056,211 |
1,439,270 |
(2,603,467) |
(1,164,197) |
Fidelity
International Value Factor ETF |
76,826,790 |
2,835,084 |
(6,204,745) |
(3,369,661) |
|
Undistributed
ordinary income |
Capital
loss carryforward |
Net
unrealized appreciation (depreciation) on securities and other
investments |
Fidelity
Emerging Markets Multifactor ETF |
$- |
$(3,440,732) |
$(910,136) |
Fidelity
International High Dividend ETF |
177,123 |
(9,135,767) |
(13,299,282) |
Fidelity
International Multifactor ETF |
103,008 |
(2,185,323) |
(1,136,193) |
Fidelity
International Value Factor ETF |
350,812 |
(6,754,672) |
(3,314,651) |
|
Short-term |
Long-term |
Total
capital loss carryforward |
Fidelity
Emerging Markets Multifactor ETF |
$ (1,719,663) |
$ (1,721,069) |
$(3,440,732) |
Fidelity
International High Dividend ETF |
(4,953,437) |
(4,182,330) |
(9,135,767) |
Fidelity
International Multifactor ETF |
(1,527,752) |
(657,571) |
(2,185,323) |
Fidelity
International Value Factor ETF |
(2,954,147) |
(3,800,525) |
(6,754,672) |
|
|
|
|
October
31, 2023 |
|
|
|
|
Ordinary
Income |
Tax
Return of Capital |
Total |
Fidelity
Emerging Markets Multifactor ETF |
$1,198,769 |
$11,231 |
$1,210,000 |
Fidelity
International High Dividend ETF |
4,144,700 |
- |
4,144,700 |
Fidelity
International Multifactor ETF |
626,600 |
- |
626,600 |
Fidelity
International Value Factor ETF |
1,727,100 |
- |
1,727,100 |
October
31, 2022 |
|
|
|
|
Ordinary
Income |
Tax
Return of Capital |
Total |
Fidelity
Emerging Markets Multifactor ETF |
$826,772 |
$29,228 |
$856,000 |
Fidelity
International High Dividend ETF |
4,783,300 |
- |
4,783,300 |
Fidelity
International Multifactor ETF |
524,400 |
- |
524,400 |
Fidelity
International Value Factor ETF |
1,749,900 |
- |
1,749,900 |
|
|
Equity
Risk |
Equity
risk relates to the fluctuations in the value of financial instruments as
a result of changes in market prices (other than those arising from
interest rate risk or foreign exchange risk), whether caused by factors
specific to an individual investment, its issuer, or all factors affecting
all instruments traded in a market or market segment.
|
|
Purchases
($) |
Sales
($) |
Fidelity
Emerging Markets Multifactor ETF |
22,505,230 |
19,543,108 |
Fidelity
International High Dividend ETF |
57,412,199 |
57,648,736 |
Fidelity
International Multifactor ETF |
13,483,922 |
12,575,707 |
Fidelity
International Value Factor ETF |
38,672,081 |
37,200,813 |
|
|
|
|
In-Kind
Subscriptions ($) |
In-Kind
Redemptions ($) |
Fidelity
Emerging Markets Multifactor ETF |
1,184,413 |
- |
Fidelity
International High Dividend ETF |
- |
5,344,937 |
Fidelity
International Multifactor ETF |
16,632,017 |
- |
Fidelity
International Value Factor ETF |
39,670,907 |
8,817,309 |
|
Fee
Rate |
Fidelity
Emerging Markets Multifactor ETF |
.45% |
Fidelity
International High Dividend ETF |
.39% |
Fidelity
International Multifactor ETF |
.39% |
Fidelity
International Value Factor ETF |
.39% |
|
Fee
Rate |
Fidelity
Emerging Markets Multifactor ETF |
.25% |
Fidelity
International High Dividend ETF |
.18% |
Fidelity
International Multifactor ETF |
.18% |
Fidelity
International Value Factor ETF |
.18% |
|
Total
Security Lending Fees Paid to NFS |
Security
Lending Income From Securities Loaned to NFS |
Value
of Securities Loaned to NFS at Period End |
Fidelity
International High Dividend ETF |
$2,224 |
$- |
$- |
Fidelity
International Value Factor ETF |
$447 |
$- |
$- |
|
Custodian
credits |
Fidelity
Emerging Markets Multifactor ETF |
$418 |
Fidelity
International High Dividend ETF |
232 |
Fidelity
International Multifactor ETF |
367 |
Fidelity
International Value Factor ETF |
350 |
The
Example is based on an investment of $1,000 invested at the beginning of
the period and held for the entire period (May 1, 2023 to October 31,
2023). |
Annualized
Expense Ratio-
A |
Beginning
Account Value May 1, 2023 |
Ending
Account Value October 31, 2023 |
Expenses
Paid During Period- C
May 1, 2023 to October 31, 2023 | |||||||
Fidelity®
Emerging Markets Multifactor ETF ** |
.45% |
|||||||||
Actual |
$
1,000 |
$
987.00 |
$
2.25 | |||||||
Hypothetical-B |
$
1,000 |
$
1,022.94 |
$
2.29 | |||||||
Fidelity®
International High Dividend ETF ** |
.39% |
|||||||||
Actual |
$
1,000 |
$
936.30 |
$
1.90 | |||||||
Hypothetical-B |
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Fidelity®
International Multifactor ETF ** |
.39% |
|||||||||
Actual |
$
1,000 |
$
916.00 |
$
1.88 | |||||||
Hypothetical-B |
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Fidelity®
International Value Factor ETF ** |
.39% |
|||||||||
Actual |
$
1,000 |
$
953.60 |
$
1.92 | |||||||
Hypothetical-B |
$
1,000 |
$
1,023.24 |
$
1.99 | |||||||
Annualized
Expense Ratio-
A |
Expenses
Paid | |||||
Fidelity®
Emerging Markets Multifactor ETF |
.25% |
|||||
Actual |
$
1.25 | |||||
Hypothetical-
B |
$
1.28 | |||||
Fidelity®
International High Dividend ETF |
.18% |
|||||
Actual |
$
0.88 | |||||
Hypothetical-
B |
$
0.92 | |||||
Fidelity®
International Multifactor ETF |
.18% |
|||||
Actual |
$
0.87 | |||||
Hypothetical-
B |
$
0.92 | |||||
Fidelity®
International Value Factor ETF |
.18% |
|||||
Actual |
$
0.89 | |||||
Hypothetical-
B |
$
0.92 | |||||
A
Annualized expense
ratio reflects expenses net of applicable fee waivers. |
||||||
B
5% return per year
before expenses |
Fidelity
Emerging Markets Multifactor ETF |
|
December
2022 |
59.71% |
March
2023 |
60.04% |
June
2023 |
60.04% |
September
2023 |
60.04% |
Fidelity
International High Dividend ETF |
|
December
2022 |
90.37% |
March
2023 |
97.51% |
June
2023 |
97.51% |
September
2023 |
97.51% |
Fidelity
International Multifactor ETF |
|
December
2022 |
100% |
March
2023 |
100% |
June
2023 |
100% |
September
2023 |
100% |
Fidelity
International Value Factor ETF |
|
December
2022 |
86.19% |
March
2023 |
100% |
June
2023 |
100% |
September
2023 |
100% |
|
Pay
Date |
Income
|
Taxes |
Fidelity
Emerging Markets Multifactor ETF |
|
|
|
|
03/23/22 |
$0.1105 |
$0.0126 |
|
06/23/22 |
$0.4052 |
$0.0463 |
|
09/21/22 |
$0.2687 |
$0.0307 |
|
12/21/22 |
$0.1400 |
$0.0160 |
Fidelity
International High Dividend ETF |
|
|
|
|
03/23/22 |
$0.2644 |
$0.0204 |
|
06/23/22 |
$0.3967 |
$0.0307 |
|
09/21/22 |
$0.2514 |
$0.0194 |
|
12/21/22 |
$0.1170 |
$0.0090 |
Fidelity
International Multifactor ETF |
|
|
|
|
03/23/22 |
$0.2191 |
$0.0191 |
|
06/23/22 |
$0.2180 |
$0.0190 |
|
09/21/22 |
$0.2048 |
$0.0178 |
|
12/21/22 |
$0.0613 |
$0.0053 |
Fidelity
International Value Factor ETF |
|
|
|
|
03/23/22 |
$0.2337 |
$0.0167 |
|
06/23/22 |
$0.2984 |
$0.0214 |
|
09/21/22 |
$0.2025 |
$0.0145 |
|
12/21/22 |
$0.0883 |
$0.0063 |
|
|
|
|
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