0000945908 fmr:C000218700Member 2024-07-31 2025-01-31 0000945908 fmr:C000218700Member 2025-01-31 0000945908 fmr:C000218700Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000218700Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000218700Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000218700Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000218700Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000218700Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000218700Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000218700Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000218700Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000218700Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000218700Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000218700Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000218700Member 2025-01-31 0000945908 fmr:C000218700Member country:US 2025-01-31 0000945908 fmr:C000218700Member country:CN 2025-01-31 0000945908 fmr:C000218700Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000218700Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000171930Member 2024-07-31 2025-01-31 0000945908 fmr:C000171930Member 2025-01-31 0000945908 fmr:C000171930Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000171930Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000171930Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000171930Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000171930Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000171930Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000171930Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000171930Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000171930Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000171930Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000171930Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000171930Member 2025-01-31 0000945908 fmr:C000171930Member country:US 2025-01-31 0000945908 fmr:C000171930Member country:GB 2025-01-31 0000945908 fmr:C000171930Member country:JP 2025-01-31 0000945908 fmr:C000171930Member country:DK 2025-01-31 0000945908 fmr:C000171930Member country:DE 2025-01-31 0000945908 fmr:C000171930Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000171930Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000171931Member 2024-07-31 2025-01-31 0000945908 fmr:C000171931Member 2025-01-31 0000945908 fmr:C000171931Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000171931Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000171931Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000171931Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000171931Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000171931Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000171931Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000171931Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000171931Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000171931Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000171931Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000171931Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000171931Member 2025-01-31 0000945908 fmr:C000171931Member country:US 2025-01-31 0000945908 fmr:C000171931Member country:GB 2025-01-31 0000945908 fmr:C000171931Member country:DE 2025-01-31 0000945908 fmr:C000171931Member country:SE 2025-01-31 0000945908 fmr:C000171931Member country:JP 2025-01-31 0000945908 fmr:C000171931Member country:DK 2025-01-31 0000945908 fmr:C000171931Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000171931Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000223344Member 2024-07-31 2025-01-31 0000945908 fmr:C000223344Member 2025-01-31 0000945908 fmr:C000223344Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000223344Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000223344Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000223344Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000223344Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000223344Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000223344Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000223344Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000223344Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000223344Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000223344Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000223344Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000223344Member 2025-01-31 0000945908 fmr:C000223344Member country:US 2025-01-31 0000945908 fmr:C000223344Member country:TW 2025-01-31 0000945908 fmr:C000223344Member country:CN 2025-01-31 0000945908 fmr:C000223344Member country:CA 2025-01-31 0000945908 fmr:C000223344Member country:NL 2025-01-31 0000945908 fmr:C000223344Member country:BE 2025-01-31 0000945908 fmr:C000223344Member country:BR 2025-01-31 0000945908 fmr:C000223344Member country:IL 2025-01-31 0000945908 fmr:C000223344Member country:DK 2025-01-31 0000945908 fmr:C000223344Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000223344Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000171935Member 2024-07-31 2025-01-31 0000945908 fmr:C000171935Member 2025-01-31 0000945908 fmr:C000171935Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000171935Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000171935Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000171935Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000171935Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000171935Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000171935Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000171935Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000171935Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000171935Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000171935Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000171935Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000171935Member 2025-01-31 0000945908 fmr:C000171935Member country:US 2025-01-31 0000945908 fmr:C000171935Member country:IE 2025-01-31 0000945908 fmr:C000171935Member country:BM 2025-01-31 0000945908 fmr:C000171935Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000171935Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000227888Member 2024-07-31 2025-01-31 0000945908 fmr:C000227888Member 2025-01-31 0000945908 fmr:C000227888Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000227888Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000227888Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000227888Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000227888Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000227888Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000227888Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000227888Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000227888Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000227888Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000227888Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000227888Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000227888Member 2025-01-31 0000945908 fmr:C000227888Member country:US 2025-01-31 0000945908 fmr:C000227888Member country:IE 2025-01-31 0000945908 fmr:C000227888Member country:CN 2025-01-31 0000945908 fmr:C000227888Member country:CA 2025-01-31 0000945908 fmr:C000227888Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000227888Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000171934Member 2024-07-31 2025-01-31 0000945908 fmr:C000171934Member 2025-01-31 0000945908 fmr:C000171934Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000171934Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000171934Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000171934Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000171934Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000171934Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000171934Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000171934Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000171934Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000171934Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000171934Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000171934Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000171934Member 2025-01-31 0000945908 fmr:C000171934Member country:US 2025-01-31 0000945908 fmr:C000171934Member country:IE 2025-01-31 0000945908 fmr:C000171934Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000171934Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000171932Member 2024-07-31 2025-01-31 0000945908 fmr:C000171932Member 2025-01-31 0000945908 fmr:C000171932Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000171932Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000171932Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000171932Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000171932Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000171932Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000171932Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000171932Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000171932Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000171932Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000171932Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000171932Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000171932Member 2025-01-31 0000945908 fmr:C000171932Member country:US 2025-01-31 0000945908 fmr:C000171932Member country:IE 2025-01-31 0000945908 fmr:C000171932Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000171932Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000171933Member 2024-07-31 2025-01-31 0000945908 fmr:C000171933Member 2025-01-31 0000945908 fmr:C000171933Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000171933Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000171933Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000171933Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000171933Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000171933Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000171933Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000171933Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000171933Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000171933Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000171933Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000171933Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000171933Member 2025-01-31 0000945908 fmr:C000171933Member country:US 2025-01-31 0000945908 fmr:C000171933Member country:GB 2025-01-31 0000945908 fmr:C000171933Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000171933Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000215140Member 2024-07-31 2025-01-31 0000945908 fmr:C000215140Member 2025-01-31 0000945908 fmr:C000215140Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000215140Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000215140Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000215140Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000215140Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000215140Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000215140Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000215140Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000215140Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000215140Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000215140Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000215140Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000215140Member 2025-01-31 0000945908 fmr:C000215140Member country:US 2025-01-31 0000945908 fmr:C000215140Member country:BM 2025-01-31 0000945908 fmr:C000215140Member country:CN 2025-01-31 0000945908 fmr:C000215140Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000215140Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000248142Member 2024-07-31 2025-01-31 0000945908 fmr:C000248142Member 2025-01-31 0000945908 fmr:C000248142Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000248142Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000248142Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000248142Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000248142Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000248142Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000248142Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000248142Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000248142Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000248142Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000248142Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000248142Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000248142Member 2025-01-31 0000945908 fmr:C000248142Member country:US 2025-01-31 0000945908 fmr:C000248142Member country:CA 2025-01-31 0000945908 fmr:C000248142Member country:GB 2025-01-31 0000945908 fmr:C000248142Member country:ES 2025-01-31 0000945908 fmr:C000248142Member country:TW 2025-01-31 0000945908 fmr:C000248142Member fmr:BailiwickOfJerseyMember 2025-01-31 0000945908 fmr:C000248142Member country:FR 2025-01-31 0000945908 fmr:C000248142Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000248142Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000218329Member 2024-07-31 2025-01-31 0000945908 fmr:C000218329Member 2025-01-31 0000945908 fmr:C000218329Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000218329Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000218329Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000218329Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000218329Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000218329Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000218329Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000218329Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000218329Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000218329Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000218329Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000218329Member 2025-01-31 0000945908 fmr:C000218329Member country:US 2025-01-31 0000945908 fmr:C000218329Member country:CN 2025-01-31 0000945908 fmr:C000218329Member country:TW 2025-01-31 0000945908 fmr:C000218329Member country:CA 2025-01-31 0000945908 fmr:C000218329Member country:NL 2025-01-31 0000945908 fmr:C000218329Member country:FI 2025-01-31 0000945908 fmr:C000218329Member country:GB 2025-01-31 0000945908 fmr:C000218329Member country:IL 2025-01-31 0000945908 fmr:C000218329Member country:DE 2025-01-31 0000945908 fmr:C000218329Member fmr:OtherMember 2025-01-31 0000945908 fmr:C000218329Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000218329Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000218331Member 2024-07-31 2025-01-31 0000945908 fmr:C000218331Member 2025-01-31 0000945908 fmr:C000218331Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000218331Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000218331Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000218331Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000218331Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000218331Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000218331Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000218331Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000218331Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000218331Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000218331Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000218331Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000218331Member 2025-01-31 0000945908 fmr:C000218331Member country:US 2025-01-31 0000945908 fmr:C000218331Member country:GB 2025-01-31 0000945908 fmr:C000218331Member country:CA 2025-01-31 0000945908 fmr:C000218331Member country:DE 2025-01-31 0000945908 fmr:C000218331Member country:SE 2025-01-31 0000945908 fmr:C000218331Member country:CH 2025-01-31 0000945908 fmr:C000218331Member country:CN 2025-01-31 0000945908 fmr:C000218331Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000218331Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000223347Member 2024-07-31 2025-01-31 0000945908 fmr:C000223347Member 2025-01-31 0000945908 fmr:C000223347Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000223347Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000223347Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000223347Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000223347Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000223347Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000223347Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000223347Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000223347Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000223347Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000223347Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000223347Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000223347Member 2025-01-31 0000945908 fmr:C000223347Member country:US 2025-01-31 0000945908 fmr:C000223347Member country:CA 2025-01-31 0000945908 fmr:C000223347Member country:GB 2025-01-31 0000945908 fmr:C000223347Member country:IL 2025-01-31 0000945908 fmr:C000223347Member country:TH 2025-01-31 0000945908 fmr:C000223347Member country:PR 2025-01-31 0000945908 fmr:C000223347Member country:JP 2025-01-31 0000945908 fmr:C000223347Member country:NL 2025-01-31 0000945908 fmr:C000223347Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000223347Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000227887Member 2024-07-31 2025-01-31 0000945908 fmr:C000227887Member 2025-01-31 0000945908 fmr:C000227887Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000227887Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000227887Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000227887Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000227887Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000227887Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000227887Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000227887Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000227887Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000227887Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000227887Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000227887Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000227887Member 2025-01-31 0000945908 fmr:C000227887Member country:US 2025-01-31 0000945908 fmr:C000227887Member country:TW 2025-01-31 0000945908 fmr:C000227887Member country:CA 2025-01-31 0000945908 fmr:C000227887Member country:CN 2025-01-31 0000945908 fmr:C000227887Member country:IE 2025-01-31 0000945908 fmr:C000227887Member country:IN 2025-01-31 0000945908 fmr:C000227887Member country:BR 2025-01-31 0000945908 fmr:C000227887Member country:IL 2025-01-31 0000945908 fmr:C000227887Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000227887Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000218330Member 2024-07-31 2025-01-31 0000945908 fmr:C000218330Member 2025-01-31 0000945908 fmr:C000218330Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000218330Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000218330Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000218330Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000218330Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000218330Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000218330Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000218330Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000218330Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:C000218330Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000218330Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000218330Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000218330Member 2025-01-31 0000945908 fmr:C000218330Member country:US 2025-01-31 0000945908 fmr:C000218330Member country:DE 2025-01-31 0000945908 fmr:C000218330Member country:TW 2025-01-31 0000945908 fmr:C000218330Member country:CA 2025-01-31 0000945908 fmr:C000218330Member country:NL 2025-01-31 0000945908 fmr:C000218330Member country:CN 2025-01-31 0000945908 fmr:C000218330Member country:BE 2025-01-31 0000945908 fmr:C000218330Member fmr:CongoDemocraticRepublicOfMember 2025-01-31 0000945908 fmr:C000218330Member country:ZM 2025-01-31 0000945908 fmr:C000218330Member fmr:OtherMember 2025-01-31 0000945908 fmr:C000218330Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000218330Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000209803Member 2024-07-31 2025-01-31 0000945908 fmr:C000209803Member 2025-01-31 0000945908 fmr:C000209803Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000209803Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000209803Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000209803Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000209803Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000209803Member us-gaap:RealEstateSectorMember 2025-01-31 0000945908 fmr:C000209803Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000209803Member us-gaap:EnergySectorMember 2025-01-31 0000945908 fmr:C000209803Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:C000209803Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000209803Member oef:UtilitiesSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000209803Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000209803Member 2025-01-31 0000945908 fmr:C000209803Member country:US 2025-01-31 0000945908 fmr:C000209803Member country:PR 2025-01-31 0000945908 fmr:C000209803Member country:BM 2025-01-31 0000945908 fmr:C000209803Member country:GB 2025-01-31 0000945908 fmr:C000209803Member country:SE 2025-01-31 0000945908 fmr:C000209803Member country:TH 2025-01-31 0000945908 fmr:C000209803Member country:MC 2025-01-31 0000945908 fmr:C000209803Member country:CA 2025-01-31 0000945908 fmr:C000209803Member country:IE 2025-01-31 0000945908 fmr:C000209803Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000209803Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000223346Member 2024-07-31 2025-01-31 0000945908 fmr:C000223346Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TI0Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TI1Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TI2Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TI3Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TI4Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TI5Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TI6Member 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000223346Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000223346Member 2025-01-31 0000945908 fmr:C000223346Member country:US 2025-01-31 0000945908 fmr:C000223346Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000223346Member fmr:TH9Member 2025-01-31 0000945908 fmr:C000223345Member 2024-07-31 2025-01-31 0000945908 fmr:C000223345Member 2025-01-31 0000945908 fmr:C000223345Member oef:InformationTechnologySectorMember 2025-01-31 0000945908 fmr:C000223345Member oef:IndustrialSectorMember 2025-01-31 0000945908 fmr:C000223345Member fmr:MSFinancialsSectorMember 2025-01-31 0000945908 fmr:C000223345Member oef:CommunicationsSectorMember 2025-01-31 0000945908 fmr:C000223345Member oef:ConsumerDiscretionarySectorMember 2025-01-31 0000945908 fmr:C000223345Member us-gaap:HealthcareSectorMember 2025-01-31 0000945908 fmr:C000223345Member oef:MaterialsSectorMember 2025-01-31 0000945908 fmr:C000223345Member oef:ConsumerStaplesSectorMember 2025-01-31 0000945908 fmr:AACommonStocksMember fmr:C000223345Member 2025-01-31 0000945908 fmr:AAShortTermInvestmentsandNetOtherAssetsLiabilitiesMember fmr:C000223345Member 2025-01-31 0000945908 fmr:C000223345Member country:US 2025-01-31 0000945908 fmr:C000223345Member country:CA 2025-01-31 0000945908 fmr:C000223345Member country:TW 2025-01-31 0000945908 fmr:C000223345Member fmr:TH0Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH1Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH2Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH3Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH4Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH5Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH6Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH7Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH8Member 2025-01-31 0000945908 fmr:C000223345Member fmr:TH9Member 2025-01-31 0000945908 2024-07-31 2025-01-31 iso4217:USD pure shares N-CSRS false 0000945908 N-1A Fidelity Covington Trust 2025-01-31 Fidelity® U.S. Multifactor ETF Fidelity® U.S. Multifactor ETF FLRG NYSEArca This semi-annual shareholder report contains information about Fidelity® U.S. Multifactor ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® U.S. Multifactor ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>203,842,746</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">106</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">31<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 203842746 106 0.31       MARKET SECTORS (% of Fund's net assets)     Information Technology 30.0   Financials 13.6   Health Care 10.0   Consumer Discretionary 9.8   Communication Services 9.7   Industrials 9.6   Consumer Staples 5.4   Utilities 3.6   Energy 3.4   Materials 2.4   Real Estate 2.3     Common Stocks 99.8 Short-Term Investments and Net Other Assets (Liabilities) 0.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.8                       Short-Term Investments and Net Other Assets (Liabilities) - 0.2   United States 99.5 China 0.5 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 99.5                       China - 0.5                                    0.300 0.136 0.100 0.098 0.097 0.096 0.054 0.036 0.034 0.024 0.023 0.998 0.002 0.995 0.005 TOP HOLDINGS (% of Fund's net assets)     Microsoft Corp 6.0   NVIDIA Corp 5.8   Alphabet Inc Class A 4.2   Meta Platforms Inc Class A 2.9   Vistra Corp 2.4   Broadcom Inc 2.4   Visa Inc Class A 2.0   Mastercard Inc Class A 1.8   Eli Lilly & Co 1.7   Home Depot Inc/The 1.6     30.8   0.060 0.058 0.042 0.029 0.024 0.024 0.020 0.018 0.017 0.016 2025-01-31 Fidelity® High Dividend ETF Fidelity® High Dividend ETF FDVV NYSEArca This semi-annual shareholder report contains information about Fidelity® High Dividend ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® High Dividend ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>4,594,737,503</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">107</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">1<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 4594737503 107 0.01       MARKET SECTORS (% of Fund's net assets)     Information Technology 25.7   Industrials 16.3   Consumer Staples 12.2   Energy 10.2   Utilities 9.0   Real Estate 8.5   Financials 8.0   Health Care 5.0   Consumer Discretionary 3.4   Communication Services 1.5     Common Stocks 99.8 Short-Term Investments and Net Other Assets (Liabilities) 0.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.8                       Short-Term Investments and Net Other Assets (Liabilities) - 0.2   United States 91.7 United Kingdom 4.5 Japan 2.6 Denmark 0.8 Germany 0.4 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 91.7                       United Kingdom - 4.5                       Japan - 2.6                                Denmark - 0.8                              Germany - 0.4                                  0.257 0.163 0.122 0.102 0.090 0.085 0.080 0.050 0.034 0.015 0.998 0.002 0.917 0.045 0.026 0.008 0.004 TOP HOLDINGS (% of Fund's net assets)     Apple Inc 5.9   NVIDIA Corp 5.6   Microsoft Corp 5.2   Broadcom Inc 2.7   Targa Resources Corp 2.2   Philip Morris International Inc 2.1   Procter & Gamble Co/The 2.0   GE Aerospace 2.0   Exxon Mobil Corp 1.8   RTX Corp 1.7     31.2   0.059 0.056 0.052 0.027 0.022 0.021 0.020 0.020 0.018 0.017 2025-01-31 Fidelity® Dividend ETF for Rising Rates Fidelity® Dividend ETF for Rising Rates FDRR NYSEArca This semi-annual shareholder report contains information about Fidelity® Dividend ETF for Rising Rates for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Dividend ETF for Rising Rates</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>556,117,726</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">118</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">2<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 556117726 118 0.02       MARKET SECTORS (% of Fund's net assets)     Information Technology 32.6   Financials 15.6   Health Care 10.5   Industrials 9.4   Consumer Discretionary 9.2   Communication Services 7.4   Consumer Staples 5.3   Energy 3.2   Materials 2.2   Real Estate 2.2   Utilities 2.1     Common Stocks 99.7 Short-Term Investments and Net Other Assets (Liabilities) 0.3 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.7                       Short-Term Investments and Net Other Assets (Liabilities) - 0.3   United States 94.2 United Kingdom 2.0 Germany 1.4 Sweden 1.2 Japan 0.9 Denmark 0.3 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 94.2                       United Kingdom - 2.0                       Germany - 1.4                              Sweden - 1.2                               Japan - 0.9                                Denmark - 0.3                                  0.326 0.156 0.105 0.094 0.092 0.074 0.053 0.032 0.022 0.022 0.021 0.997 0.003 0.942 0.020 0.014 0.012 0.009 0.003 TOP HOLDINGS (% of Fund's net assets)     Apple Inc 7.5   NVIDIA Corp 7.3   Microsoft Corp 6.6   Broadcom Inc 3.4   JPMorgan Chase & Co 2.3   Eli Lilly & Co 2.1   Visa Inc Class A 1.7   UnitedHealth Group Inc 1.7   IBM Corporation 1.6   Cisco Systems Inc 1.5     35.7   0.075 0.073 0.066 0.034 0.023 0.021 0.017 0.017 0.016 0.015 2025-01-31 Fidelity® Fundamental Large Cap Growth ETF Fidelity® Fundamental Large Cap Growth ETF FFLG CboeBZX This semi-annual shareholder report contains information about Fidelity® Fundamental Large Cap Growth ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Fundamental Large Cap Growth ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>20<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.38<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 20 0.0038 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>384,174,657</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">100</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">47<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 384174657 100 0.47       MARKET SECTORS (% of Fund's net assets)     Information Technology 42.4   Communication Services 16.4   Consumer Discretionary 15.2   Health Care 10.1   Financials 6.1   Industrials 5.6   Consumer Staples 1.5   Materials 0.6   Utilities 0.5   Real Estate 0.3   Energy 0.1     Common Stocks 98.8 Short-Term Investments and Net Other Assets (Liabilities) 1.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 98.8                       Short-Term Investments and Net Other Assets (Liabilities) - 1.2   United States 93.8 Taiwan 2.6 China 1.3 Canada 0.8 Netherlands 0.6 Belgium 0.3 Brazil 0.3 Israel 0.2 Denmark 0.1 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 93.8                       Taiwan - 2.6                               China - 1.3                                Canada - 0.8                               Netherlands - 0.6                          Belgium - 0.3                              Brazil - 0.3                               Israel - 0.2                               Denmark - 0.1                                  0.424 0.164 0.152 0.101 0.061 0.056 0.015 0.006 0.005 0.003 0.001 0.988 0.012 0.938 0.026 0.013 0.008 0.006 0.003 0.003 0.002 0.001 TOP HOLDINGS (% of Fund's net assets)     NVIDIA Corp 11.6   Apple Inc 9.4   Amazon.com Inc 8.5   Microsoft Corp 7.9   Alphabet Inc Class A 5.1   Meta Platforms Inc Class A 4.9   Alphabet Inc Class C 2.6   Taiwan Semiconductor Manufacturing Co Ltd ADR 2.6   Eli Lilly & Co 2.4   Netflix Inc 2.1     57.1   0.116 0.094 0.085 0.079 0.051 0.049 0.026 0.026 0.024 0.021 2025-01-31 Fidelity® Value Factor ETF Fidelity® Value Factor ETF FVAL NYSEArca This semi-annual shareholder report contains information about Fidelity® Value Factor ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Value Factor ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>1,018,693,406</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">129</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">37<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 1018693406 129 0.37       MARKET SECTORS (% of Fund's net assets)     Information Technology 28.9   Financials 14.9   Consumer Discretionary 10.9   Health Care 10.5   Industrials 9.9   Communication Services 9.4   Consumer Staples 5.4   Energy 3.1   Real Estate 2.4   Utilities 2.2   Materials 2.2     Common Stocks 99.8 Short-Term Investments and Net Other Assets (Liabilities) 0.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.8                       Short-Term Investments and Net Other Assets (Liabilities) - 0.2   United States 98.3 Ireland 1.2 Bermuda 0.5 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 98.3                       Ireland - 1.2                              Bermuda - 0.5                                  0.289 0.149 0.109 0.105 0.099 0.094 0.054 0.031 0.024 0.022 0.022 0.998 0.002 0.983 0.012 0.005 TOP HOLDINGS (% of Fund's net assets)     Apple Inc 6.9   Microsoft Corp 6.3   NVIDIA Corp 6.1   Amazon.com Inc 4.5   Alphabet Inc Class A 4.4   Meta Platforms Inc Class A 3.1   Berkshire Hathaway Inc Class B 2.0   JPMorgan Chase & Co 2.0   Visa Inc Class A 1.6   UnitedHealth Group Inc 1.6     38.5   0.069 0.063 0.061 0.045 0.044 0.031 0.020 0.020 0.016 0.016 2025-01-31 Fidelity® Women's Leadership ETF Fidelity® Women's Leadership ETF FDWM NYSEArca This semi-annual shareholder report contains information about Fidelity® Women's Leadership ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Women's Leadership ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>31<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.59<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 31 0.0059 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>4,783,249</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">88</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">45<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 4783249 88 0.45       MARKET SECTORS (% of Fund's net assets)     Information Technology 28.4   Financials 13.6   Consumer Discretionary 13.2   Health Care 12.4   Industrials 10.5   Communication Services 7.9   Energy 3.3   Consumer Staples 2.6   Materials 2.4   Real Estate 1.7   Utilities 0.7     Common Stocks 96.7 Short-Term Investments and Net Other Assets (Liabilities) 3.3 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 96.7                       Short-Term Investments and Net Other Assets (Liabilities) - 3.3   United States 96.0 Ireland 2.2 China 1.0 Canada 0.8 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 96.0                       Ireland - 2.2                              China - 1.0                                Canada - 0.8                                   0.284 0.136 0.132 0.124 0.105 0.079 0.033 0.026 0.024 0.017 0.007 0.967 0.033 0.960 0.022 0.010 0.008 TOP HOLDINGS (% of Fund's net assets)     Microsoft Corp 4.7   Amazon.com Inc 4.4   Apple Inc 4.3   Alphabet Inc Class C 4.3   State Street Institutional Treasury Plus Money Market Fund Trust Class 2.9   Walt Disney Co/The 2.2   Micron Technology Inc 2.2   Accenture PLC Class A 2.2   Salesforce Inc 2.0   Arista Networks Inc 1.9     31.1   0.047 0.044 0.043 0.043 0.029 0.022 0.022 0.022 0.020 0.019 2025-01-31 Fidelity® Quality Factor ETF Fidelity® Quality Factor ETF FQAL NYSEArca This semi-annual shareholder report contains information about Fidelity® Quality Factor ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Quality Factor ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>1,096,232,319</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">129</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">32<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 1096232319 129 0.32       MARKET SECTORS (% of Fund's net assets)     Information Technology 29.1   Financials 14.4   Health Care 11.0   Consumer Discretionary 10.3   Communication Services 10.0   Industrials 9.1   Consumer Staples 5.1   Energy 3.5   Utilities 2.7   Materials 2.3   Real Estate 2.3     Common Stocks 99.8 Short-Term Investments and Net Other Assets (Liabilities) 0.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.8                       Short-Term Investments and Net Other Assets (Liabilities) - 0.2   United States 98.9 Ireland 1.1 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 98.9                       Ireland - 1.1                                  0.291 0.144 0.110 0.103 0.100 0.091 0.051 0.035 0.027 0.023 0.023 0.998 0.002 0.989 0.011 TOP HOLDINGS (% of Fund's net assets)     Apple Inc 6.8   Microsoft Corp 6.2   NVIDIA Corp 6.0   Alphabet Inc Class A 4.3   Meta Platforms Inc Class A 3.1   Broadcom Inc 2.6   Eli Lilly & Co 1.9   Visa Inc Class A 1.8   Mastercard Inc Class A 1.5   Home Depot Inc/The 1.5     35.7   0.068 0.062 0.060 0.043 0.031 0.026 0.019 0.018 0.015 0.015 2025-01-31 Fidelity® Low Volatility Factor ETF Fidelity® Low Volatility Factor ETF FDLO NYSEArca This semi-annual shareholder report contains information about Fidelity® Low Volatility Factor ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Low Volatility Factor ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>1,379,630,808</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">130</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">20<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 1379630808 130 0.20       MARKET SECTORS (% of Fund's net assets)     Information Technology 30.2   Financials 14.3   Consumer Discretionary 11.1   Health Care 10.5   Communication Services 8.9   Industrials 8.8   Consumer Staples 5.3   Energy 3.6   Materials 2.5   Real Estate 2.4   Utilities 2.2     Common Stocks 99.8 Short-Term Investments and Net Other Assets (Liabilities) 0.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.8                       Short-Term Investments and Net Other Assets (Liabilities) - 0.2   United States 98.3 Ireland 1.7 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 98.3                       Ireland - 1.7                                  0.302 0.143 0.111 0.105 0.089 0.088 0.053 0.036 0.025 0.024 0.022 0.998 0.002 0.983 0.017 TOP HOLDINGS (% of Fund's net assets)     Apple Inc 7.5   Microsoft Corp 6.9   Alphabet Inc Class A 4.9   Amazon.com Inc 4.5   Berkshire Hathaway Inc Class B 2.1   JPMorgan Chase & Co 2.0   IBM Corporation 1.9   Oracle Corp 1.8   Cisco Systems Inc 1.8   Accenture PLC Class A 1.7     35.1   0.075 0.069 0.049 0.045 0.021 0.020 0.019 0.018 0.018 0.017 2025-01-31 Fidelity® Momentum Factor ETF Fidelity® Momentum Factor ETF FDMO NYSEArca This semi-annual shareholder report contains information about Fidelity® Momentum Factor ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Momentum Factor ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>484,558,278</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">129</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">120<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 484558278 129 1.20       MARKET SECTORS (% of Fund's net assets)     Information Technology 29.9   Financials 14.9   Consumer Discretionary 11.5   Health Care 10.2   Communication Services 9.3   Industrials 8.8   Consumer Staples 5.3   Energy 3.2   Materials 2.3   Utilities 2.3   Real Estate 2.2     Common Stocks 99.9 Short-Term Investments and Net Other Assets (Liabilities) 0.1 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.9                       Short-Term Investments and Net Other Assets (Liabilities) - 0.1   United States 99.8 United Kingdom 0.2 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 99.8                       United Kingdom - 0.2                           0.299 0.149 0.115 0.102 0.093 0.088 0.053 0.032 0.023 0.023 0.022 0.999 0.001 0.998 0.002 TOP HOLDINGS (% of Fund's net assets)     Apple Inc 6.8   Microsoft Corp 6.0   NVIDIA Corp 5.7   Amazon.com Inc 4.3   Alphabet Inc Class A 4.0   Meta Platforms Inc Class A 2.9   Broadcom Inc 2.6   Tesla Inc 2.5   Berkshire Hathaway Inc Class B 2.1   JPMorgan Chase & Co 2.0     38.9   0.068 0.060 0.057 0.043 0.040 0.029 0.026 0.025 0.021 0.020 2025-01-31 Fidelity® Stocks for Inflation ETF Fidelity® Stocks for Inflation ETF FCPI CboeBZX This semi-annual shareholder report contains information about Fidelity® Stocks for Inflation ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Stocks for Inflation ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>215,213,861</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">105</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">70<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 215213861 105 0.70       MARKET SECTORS (% of Fund's net assets)     Information Technology 25.3   Health Care 13.9   Consumer Staples 10.2   Financials 9.2   Energy 8.6   Utilities 7.1   Materials 7.0   Real Estate 5.2   Consumer Discretionary 5.2   Industrials 4.1   Communication Services 4.0     Common Stocks 99.8 Short-Term Investments and Net Other Assets (Liabilities) 0.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.8                       Short-Term Investments and Net Other Assets (Liabilities) - 0.2   United States 99.3 Bermuda 0.5 China 0.2 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 99.3                       Bermuda - 0.5                              China - 0.2                                    0.253 0.139 0.102 0.092 0.086 0.071 0.070 0.052 0.052 0.041 0.040 0.998 0.002 0.993 0.005 0.002 TOP HOLDINGS (% of Fund's net assets)     Apple Inc 5.3   Microsoft Corp 4.9   NVIDIA Corp 4.7   Vistra Corp 4.4   Texas Pacific Land Corp 3.0   CF Industries Holdings Inc 2.8   NRG Energy Inc 2.7   Steel Dynamics Inc 2.3   Amazon.com Inc 2.3   Antero Midstream Corp 2.2     34.6   0.053 0.049 0.047 0.044 0.030 0.028 0.027 0.023 0.023 0.022 2025-01-31 Fidelity® Fundamental Large Cap Value ETF Fidelity® Fundamental Large Cap Value ETF FFLV CboeBZX This semi-annual shareholder report contains information about Fidelity® Fundamental Large Cap Value ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Fundamental Large Cap Value ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>20<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.38<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 20 0.0038 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>6,612,086</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">130</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">35<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 6612086 130 0.35       MARKET SECTORS (% of Fund's net assets)     Financials 21.1   Health Care 15.7   Industrials 14.0   Energy 9.7   Information Technology 9.4   Consumer Staples 8.4   Real Estate 5.3   Communication Services 4.4   Materials 4.4   Utilities 3.7   Consumer Discretionary 3.1     Common Stocks 99.2 Short-Term Investments and Net Other Assets (Liabilities) 0.8 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.2                       Short-Term Investments and Net Other Assets (Liabilities) - 0.8   United States 94.9 Canada 1.9 United Kingdom 1.0 Spain 0.8 Taiwan 0.8 Bailiwick Of Jersey 0.4 France 0.2 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 94.9                       Canada - 1.9                               United Kingdom - 1.0                       Spain - 0.8                                Taiwan - 0.8                               Bailiwick Of Jersey - 0.4                  France - 0.2                                   0.211 0.157 0.140 0.097 0.094 0.084 0.053 0.044 0.044 0.037 0.031 0.992 0.008 0.949 0.019 0.010 0.008 0.008 0.004 0.002 TOP HOLDINGS (% of Fund's net assets)     Exxon Mobil Corp 4.1   Johnson & Johnson 4.0   Cisco Systems Inc 3.9   Wells Fargo & Co 3.5   Bank of America Corp 3.2   Hartford Financial Services Group Inc/The 2.8   The Travelers Companies, Inc. 2.6   US Foods Holding Corp 2.0   Comcast Corp Class A 2.0   Apollo Global Management Inc 1.9     30.0   0.041 0.040 0.039 0.035 0.032 0.028 0.026 0.020 0.020 0.019 2025-01-31 Fidelity® Blue Chip Growth ETF Fidelity® Blue Chip Growth ETF FBCG CboeBZX This semi-annual shareholder report contains information about Fidelity® Blue Chip Growth ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Blue Chip Growth ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>32<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.59<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 32 0.0059 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>4,117,635,862</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">220</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">53<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 4117635862 220 0.53       MARKET SECTORS (% of Fund's net assets)     Information Technology 41.9   Consumer Discretionary 21.3   Communication Services 18.0   Health Care 6.1   Financials 5.2   Industrials 3.8   Consumer Staples 1.2   Materials 0.9   Real Estate 0.5   Energy 0.2     Common Stocks 99.1 Short-Term Investments and Net Other Assets (Liabilities) 0.9 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.1                       Short-Term Investments and Net Other Assets (Liabilities) - 0.9   United States 95.6 China 1.5 Taiwan 0.9 Canada 0.8 Netherlands 0.2 Finland 0.2 United Kingdom 0.2 Israel 0.2 Germany 0.1 Others 0.3 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 95.6                       China - 1.5                                Taiwan - 0.9                               Canada - 0.8                               Netherlands - 0.2                          Finland - 0.2                              United Kingdom - 0.2                       Israel - 0.2                               Germany - 0.1                              Others - 0.3                                   0.419 0.213 0.180 0.061 0.052 0.038 0.012 0.009 0.005 0.002 0.991 0.009 0.956 0.015 0.009 0.008 0.002 0.002 0.002 0.002 0.001 0.003 TOP HOLDINGS (% of Fund's net assets)     NVIDIA Corp 11.6   Apple Inc 10.1   Amazon.com Inc 9.5   Alphabet Inc Class A 7.7   Microsoft Corp 6.5   Meta Platforms Inc Class A 4.8   Marvell Technology Inc 3.2   Netflix Inc 2.7   Eli Lilly & Co 2.3   Tesla Inc 1.8     60.2   0.116 0.101 0.095 0.077 0.065 0.048 0.032 0.027 0.023 0.018 2025-01-31 Fidelity® Blue Chip Value ETF Fidelity® Blue Chip Value ETF FBCV CboeBZX This semi-annual shareholder report contains information about Fidelity® Blue Chip Value ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Blue Chip Value ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>30<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.59<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 30 0.0059 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>127,953,813</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">108</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">51<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 127953813 108 0.51       MARKET SECTORS (% of Fund's net assets)     Financials 26.2   Health Care 15.9   Industrials 13.1   Consumer Staples 9.6   Information Technology 7.7   Energy 7.2   Consumer Discretionary 4.9   Communication Services 4.5   Utilities 4.5   Materials 3.2   Real Estate 1.5     Common Stocks 98.3 Short-Term Investments and Net Other Assets (Liabilities) 1.7 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 98.3                       Short-Term Investments and Net Other Assets (Liabilities) - 1.7   United States 93.3 United Kingdom 3.8 Canada 1.8 Germany 0.7 Sweden 0.2 Switzerland 0.1 China 0.1 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 93.3                       United Kingdom - 3.8                       Canada - 1.8                               Germany - 0.7                              Sweden - 0.2                               Switzerland - 0.1                          China - 0.1                                    0.262 0.159 0.131 0.096 0.077 0.072 0.049 0.045 0.045 0.032 0.015 0.983 0.017 0.933 0.038 0.018 0.007 0.002 0.001 0.001 TOP HOLDINGS (% of Fund's net assets)     JPMorgan Chase & Co 4.1   Exxon Mobil Corp 4.0   The Travelers Companies, Inc. 2.9   UnitedHealth Group Inc 2.7   Bank of America Corp 2.5   Cisco Systems Inc 2.5   Cigna Group/The 2.4   Berkshire Hathaway Inc Class B 2.3   Comcast Corp Class A 2.2   Centene Corp 2.2     27.8   0.041 0.040 0.029 0.027 0.025 0.025 0.024 0.023 0.022 0.022 2025-01-31 Fidelity® Fundamental Small-Mid Cap ETF Fidelity® Fundamental Small-Mid Cap ETF FFSM CboeBZX This semi-annual shareholder report contains information about Fidelity® Fundamental Small-Mid Cap ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Fundamental Small-Mid Cap ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>23<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.44<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 23 0.0044 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>747,869,672</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">204</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">45<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 747869672 204 0.45       MARKET SECTORS (% of Fund's net assets)     Industrials 22.2   Financials 17.6   Consumer Discretionary 12.5   Information Technology 12.4   Health Care 9.3   Energy 6.5   Materials 5.9   Real Estate 5.1   Consumer Staples 4.8   Utilities 2.0   Communication Services 0.6     Common Stocks 98.9 Short-Term Investments and Net Other Assets (Liabilities) 1.1 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 98.9                       Short-Term Investments and Net Other Assets (Liabilities) - 1.1   United States 93.5 Canada 2.3 United Kingdom 1.6 Israel 1.1 Thailand 0.9 Puerto Rico 0.3 Japan 0.2 Netherlands 0.1 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 93.5                       Canada - 2.3                               United Kingdom - 1.6                       Israel - 1.1                               Thailand - 0.9                             Puerto Rico - 0.3                          Japan - 0.2                                Netherlands - 0.1                              0.222 0.176 0.125 0.124 0.093 0.065 0.059 0.051 0.048 0.020 0.006 0.989 0.011 0.935 0.023 0.016 0.011 0.009 0.003 0.002 0.001 TOP HOLDINGS (% of Fund's net assets)     Tempur Sealy International Inc 1.7   EMCOR Group Inc 1.7   TechnipFMC PLC 1.5   Antero Resources Corp 1.5   Eagle Materials Inc 1.5   BJ's Wholesale Club Holdings Inc 1.5   Murphy USA Inc 1.4   US Foods Holding Corp 1.4   Performance Food Group Co 1.3   Discover Financial Services 1.3     14.8   0.017 0.017 0.015 0.015 0.015 0.015 0.014 0.014 0.013 0.013 2025-01-31 Fidelity® Sustainable U.S. Equity ETF Fidelity® Sustainable U.S. Equity ETF FSST NYSEArca This semi-annual shareholder report contains information about Fidelity® Sustainable U.S. Equity ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Sustainable U.S. Equity ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>31<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.59<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 31 0.0059 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>15,837,967</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">157</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">39<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 15837967 157 0.39       MARKET SECTORS (% of Fund's net assets)     Information Technology 27.7   Consumer Discretionary 13.5   Communication Services 12.5   Financials 11.8   Health Care 11.4   Industrials 9.6   Materials 3.1   Energy 3.1   Consumer Staples 2.6   Utilities 2.3   Real Estate 1.1     Common Stocks 98.7 Short-Term Investments and Net Other Assets (Liabilities) 1.3 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 98.7                       Short-Term Investments and Net Other Assets (Liabilities) - 1.3   United States 97.6 Taiwan 0.8 Canada 0.5 China 0.5 Ireland 0.3 India 0.2 Brazil 0.1 Israel 0.0 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 97.6                       Taiwan - 0.8                               Canada - 0.5                               China - 0.5                                Ireland - 0.3                              India - 0.2                                Brazil - 0.1                               Israel - 0.0                                   0.277 0.135 0.125 0.118 0.114 0.096 0.031 0.031 0.026 0.023 0.011 0.987 0.013 0.976 0.008 0.005 0.005 0.003 0.002 0.001 0.000 TOP HOLDINGS (% of Fund's net assets)     Alphabet Inc Class A 7.1   NVIDIA Corp 6.8   Apple Inc 6.4   Amazon.com Inc 5.8   Microsoft Corp 5.4   Meta Platforms Inc Class A 2.4   Mastercard Inc Class A 2.0   Netflix Inc 1.9   Salesforce Inc 1.7   Lowe's Cos Inc 1.6     41.1   0.071 0.068 0.064 0.058 0.054 0.024 0.020 0.019 0.017 0.016 2025-01-31 Fidelity® Fundamental Large Cap Core ETF Fidelity® Fundamental Large Cap Core ETF FFLC CboeBZX This semi-annual shareholder report contains information about Fidelity® Fundamental Large Cap Core ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Fundamental Large Cap Core ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>20<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.38<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 20 0.0038 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>766,166,558</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">111</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">37<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 766166558 111 0.37       MARKET SECTORS (% of Fund's net assets)     Information Technology 26.7   Financials 15.0   Communication Services 12.3   Industrials 11.8   Health Care 11.8   Consumer Discretionary 9.8   Energy 4.5   Consumer Staples 3.5   Utilities 1.7   Materials 1.6   Real Estate 1.0     Common Stocks 99.7 Short-Term Investments and Net Other Assets (Liabilities) 0.3 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.7                       Short-Term Investments and Net Other Assets (Liabilities) - 0.3   United States 94.5 Germany 1.4 Taiwan 1.2 Canada 0.9 Netherlands 0.5 China 0.4 Belgium 0.3 Congo Democratic Republic Of 0.3 Zambia 0.3 Others 0.2 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 94.5                       Germany - 1.4                              Taiwan - 1.2                               Canada - 0.9                               Netherlands - 0.5                          China - 0.4                                Belgium - 0.3                              Congo Democratic Republic Of - 0.3         Zambia - 0.3                               Others - 0.2                                   0.267 0.150 0.123 0.118 0.118 0.098 0.045 0.035 0.017 0.016 0.010 0.997 0.003 0.945 0.014 0.012 0.009 0.005 0.004 0.003 0.003 0.003 0.002 TOP HOLDINGS (% of Fund's net assets)     NVIDIA Corp 5.9   Meta Platforms Inc Class A 5.5   Alphabet Inc Class A 5.2   Microsoft Corp 5.1   Amazon.com Inc 4.1   Apple Inc 3.8   Exxon Mobil Corp 2.6   Wells Fargo & Co 2.5   Bank of America Corp 2.4   Broadcom Inc 2.4     39.5   0.059 0.055 0.052 0.051 0.041 0.038 0.026 0.025 0.024 0.024 2025-01-31 Fidelity® Small-Mid Multifactor ETF Fidelity® Small-Mid Multifactor ETF FSMD NYSEArca This semi-annual shareholder report contains information about Fidelity® Small-Mid Multifactor ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Small-Mid Multifactor ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>8<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.15<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 8 0.0015 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>774,256,311</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">598</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">52<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 774256311 598 0.52       MARKET SECTORS (% of Fund's net assets)     Industrials 20.0   Financials 18.1   Consumer Discretionary 12.9   Health Care 12.7   Information Technology 11.2   Real Estate 6.1   Materials 4.7   Energy 4.5   Consumer Staples 3.9   Communication Services 3.2   Utilities 2.5     Common Stocks 99.8 Short-Term Investments and Net Other Assets (Liabilities) 0.2 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.8                       Short-Term Investments and Net Other Assets (Liabilities) - 0.2   United States 98.1 Puerto Rico 0.4 Bermuda 0.4 United Kingdom 0.3 Sweden 0.3 Thailand 0.2 Monaco 0.1 Canada 0.1 Ireland 0.1 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 98.1                       Puerto Rico - 0.4                          Bermuda - 0.4                              United Kingdom - 0.3                       Sweden - 0.3                               Thailand - 0.2                             Monaco - 0.1                               Canada - 0.1                               Ireland - 0.1                                  0.200 0.181 0.129 0.127 0.112 0.061 0.047 0.045 0.039 0.032 0.025 0.998 0.002 0.981 0.004 0.004 0.003 0.003 0.002 0.001 0.001 0.001 TOP HOLDINGS (% of Fund's net assets)     Natera Inc 0.6   Texas Pacific Land Corp 0.5   Interactive Brokers Group Inc Class A 0.5   Live Nation Entertainment Inc 0.5   NRG Energy Inc 0.5   Pure Storage Inc Class A 0.4   EMCOR Group Inc 0.4   Tapestry Inc 0.4   Guidewire Software Inc 0.4   Duolingo Inc Class A 0.4     4.6   0.006 0.005 0.005 0.005 0.005 0.004 0.004 0.004 0.004 0.004 2025-01-31 Fidelity® Real Estate Investment ETF Fidelity® Real Estate Investment ETF FPRO CboeBZX This semi-annual shareholder report contains information about Fidelity® Real Estate Investment ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Real Estate Investment ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>30<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.59<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 30 0.0059 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>14,739,181</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">43</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">43<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 14739181 43 0.43       TOP INDUSTRIES (% of Fund's net assets) Specialized REITs 30.8   Residential REITs 17.6   Industrial REITs 16.7   Retail REITs 15.4   Health Care REITs 10.6   Real Estate Management & Development 7.7   Hotel & Resort REITs 0.4       Common Stocks 99.2 Short-Term Investments and Net Other Assets (Liabilities) 0.8 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 99.2                       Short-Term Investments and Net Other Assets (Liabilities) - 0.8   United States 100.0 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 100.0                          0.308 0.176 0.167 0.154 0.106 0.077 0.004 0.992 0.008 1.000 TOP HOLDINGS (% of Fund's net assets)     Prologis Inc 11.3   American Tower Corp 9.3   Equinix Inc 8.3   Welltower Inc 6.0   CBRE Group Inc Class A 4.9   Kimco Realty Corp 4.6   Ventas Inc 4.6   Public Storage Operating Co 3.9   UDR Inc 3.9   NNN REIT Inc 3.7     60.5   0.113 0.093 0.083 0.060 0.049 0.046 0.046 0.039 0.039 0.037 2025-01-31 Fidelity® Magellan℠ ETF Fidelity® Magellan℠ ETF FMAG CboeBZX This semi-annual shareholder report contains information about Fidelity® Magellan℠ ETF for the period August 1, 2024 to January 31, 2025. semi-annual shareholder report You can find additional information about the Fund at fundresearch.fidelity.com/prospectus/sec. You can also request this information by contacting us at 1-800-FIDELITY or by sending an e-mail to fidfunddocuments@fidelity.com. fundresearch.fidelity.com/prospectus/sec 1-800-FIDELITY fidfunddocuments@fidelity.com <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">What were your Fund costs for the last six months?</span> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(based on hypothetical $10,000 investment)</span></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> <span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-style:none;" width="100%"><tr><td style="width:45%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:24%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs of a $10,000 investment</span></div> </td> <td style="width:30%; background-color:#dfe0e4;border:1px solid #dfe0e4;padding:0px 0px 0px 0px;" valign="bottom"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;">Costs paid as a percentage of a $10,000 investment </span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:45%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fidelity® Magellan℠ ETF</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:24%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$ </span>31<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;"> </span></div> </td> <td style="width:30%; border-bottom:1px solid #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:center;text-align-last:auto;">0.59<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> </td> <td style="width:1%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 31 0.0059 <span style="font-family:'Fidelity Sans';font-size:16px;color:#368627;font-style:normal;font-weight:bold;">Key Fund Statistics</span> <div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">(as of January 31, 2025)</span></div> <div><span style="font-size:11px;"> </span></div><div style="text-align:left;text-align-last:auto;"></div> <div style="text-align:right;text-align-last:auto;"><table cellpadding="0" cellspacing="1" style="border-collapse:separate;border-style:none;margin:auto;" width="100%"><tr><td style="width:63%; " valign="top"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:12px;color:#000000;font-style:normal;font-weight:bold;">KEY FACTS</span><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:bold;"> </span></div> </td> <td style="width:32%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:12px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Fund Size</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">$</span>197,211,121</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Number of Holdings</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">54</div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> <tr><td style="width:63%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:left;text-align-last:auto;"><span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">Portfolio Turnover</span></div> </td> <td style="width:32%; border-bottom:1px dashed #000000;padding:0px 0px 0px 0px;" valign="middle"><div style="text-align:right;text-align-last:auto;">62<span style="font-family:'Fidelity Sans';font-size:11px;color:#000000;font-style:normal;font-weight:normal;">%</span></div> <div style="text-align:right;text-align-last:auto;"></div> </td> <td style="width:5%; " valign="top"><span style="line-height:11px;"> </span><div style="text-align:left;text-align-last:auto;"></div> </td> </tr> </table> </div> <div style="text-align:left;text-align-last:auto;"></div> 197211121 54 0.62       MARKET SECTORS (% of Fund's net assets)     Information Technology 30.9   Industrials 17.3   Financials 15.1   Communication Services 11.6   Consumer Discretionary 10.6   Health Care 5.6   Materials 5.1   Consumer Staples 1.9     Common Stocks 98.1 Short-Term Investments and Net Other Assets (Liabilities) 1.9 ASSET ALLOCATION (% of Fund's net assets)     Common Stocks - 98.1                       Short-Term Investments and Net Other Assets (Liabilities) - 1.9   United States 97.8 Canada 1.1 Taiwan 1.1 GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)     United States - 97.8                       Canada - 1.1                               Taiwan - 1.1                                   0.309 0.173 0.151 0.116 0.106 0.056 0.051 0.019 0.981 0.019 0.978 0.011 0.011 TOP HOLDINGS (% of Fund's net assets)     Microsoft Corp 7.3   NVIDIA Corp 6.8   Amazon.com Inc 5.6   Meta Platforms Inc Class A 4.4   Broadcom Inc 3.6   Alphabet Inc Class A 3.5   JPMorgan Chase & Co 2.5   Eli Lilly & Co 2.4   Visa Inc Class A 2.4   State Street Institutional Treasury Plus Money Market Fund Trust Class 2.2     40.7   0.073 0.068 0.056 0.044 0.036 0.035 0.025 0.024 0.024 0.022