Supplement to the
Fidelity® Enhanced High Yield ETF
December 30, 2024
As Revised January 24, 2025
Summary Prospectus

Alexandre Karam no longer serves as Co-Portfolio Manager of the fund.

The following information replaces similar information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Rahul Bhargava (Co-Lead Portfolio Manager) has managed the fund since 2024.

Leo Landes (Co-Lead Portfolio Manager) has managed the fund since 2025.

Benjamin Harrison (Co-Portfolio Manager) has managed the fund since 2022.

Jared Beckerman (Co-Portfolio Manager) has managed the fund since 2024.

HIE-SUSTK-0425-104 1.9910130.104 April 30, 2025