Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF

Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Fidelity Management & Research (U.K.) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited. It invests in public equity markets of global region. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization, within the market capitalization range of the Russell 2500 Index. The fund employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. It seeks to benchmark the performance of its portfolio against the Russell 2500 Index. Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF was formed on February 2, 2021 and is domiciled in the United States.