Securities Act of 1933 Registration No. 033-60973
Investment Company Act of 1940 Registration No. 811-07319
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 x
o Pre-Effective Amendment No. ______
x Post-Effective Amendment No. 47
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 x
x Amendment No. 47
Fidelity Covington Trust
(Exact Name of Registrant as Specified in Charter)
245 Summer Street, Boston, Massachusetts 02210
(Address of Principal Executive Offices)(Zip Code)
Registrants Telephone Number: 617-563-7000
William C. Coffey, Secretary
245 Summer Street
Boston, Massachusetts 02210
(Name and Address of Agent for Service)
It is proposed that this filing will become effective immediately upon filing pursuant to paragraph (b) of Rule 485.
EXHIBIT INDEX
Exhibit | Exhibit No. |
XBRL Instance Document | EX-101.INS |
XBRL Taxonomy Extension Schema Document | EX-101.SCH |
XBRL Taxonomy Extension Calculation Linkbase Document | EX-101.CAL |
XBRL Taxonomy Extension Definition Linkbase Document | EX-101.DEF |
XBRL Taxonomy Extension Labels Linkbase Document | EX-101.LAB |
XBRL Taxonomy Extension Presentation Linkbase Document | EX-101.PRE |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 47 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston, and Commonwealth of Massachusetts, on the 26th day of February 2019.
| Fidelity Covington Trust | ||
| By | /s/Stacie M. Smith |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| |
| Stacie M. Smith, President |
|
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
(Signature) |
| (Title) | (Date) |
|
|
|
|
/s/Stacie M. Smith |
| President and Treasurer | February 26, 2019 |
Stacie M. Smith |
| (Principal Executive Officer) |
|
|
|
|
|
/s/John J. Burke III |
| Chief Financial Officer | February 26, 2019 |
John J. Burke III |
| (Principal Financial Officer) |
|
|
|
|
|
/s/James C. Curvey | * | Trustee | February 26, 2019 |
James C. Curvey |
|
|
|
|
|
|
|
/s/Dennis J. Dirks | * | Trustee | February 26, 2019 |
Dennis J. Dirks |
|
|
|
|
|
|
|
/s/Donald F. Donahue | * | Trustee | February 26, 2019 |
Donald F. Donahue |
|
|
|
|
|
|
|
/s/Alan J. Lacy | * | Trustee | February 26, 2019 |
Alan J. Lacy |
|
|
|
|
|
|
|
/s/Ned C. Lautenbach | * | Trustee | February 26, 2019 |
Ned C. Lautenbach |
|
|
|
|
|
|
|
/s/Joseph Mauriello | * | Trustee | February 26, 2019 |
Joseph Mauriello |
|
|
|
|
|
|
|
/s/Cornelia M. Small | * | Trustee | February 26, 2019 |
Cornelia M. Small |
|
|
|
|
|
|
|
/s/Garnett A. Smith | * | Trustee | February 26, 2019 |
Garnett A. Smith |
|
|
|
|
|
|
|
/s/David M. Thomas | * | Trustee | February 26, 2019 |
David M. Thomas |
|
|
|
|
|
|
|
/s/Michael E. Wiley | * | Trustee | February 26, 2019 |
Michael E. Wiley |
|
|
|
|
|
|
|
|
|
|
|
* | By: | /s/Megan C. Johnson |
|
| Megan C. Johnson, pursuant to powers of attorney dated March 2, 2018 and January 1, 2019 and filed herewith. |
POWER OF ATTORNEY
We, the undersigned Directors or Trustees, as the case may be, of the following investment companies:
Fidelity Advisor Series I Fidelity Advisor Series VII Fidelity Advisor Series VIII Fidelity Beacon Street Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Commonwealth Trust Fidelity Commonwealth Trust II Fidelity Concord Street Trust Fidelity Congress Street Fund Fidelity Contrafund Fidelity Covington Trust Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Exchange Fund Fidelity Financial Trust | Fidelity Hanover Street Trust Fidelity Hastings Street Trust Fidelity Investment Trust Fidelity Magellan Fund Fidelity Mt. Vernon Street Trust Fidelity Puritan Trust Fidelity Securities Fund Fidelity Select Portfolios Fidelity Summer Street Trust Fidelity Trend Fund Variable Insurance Products Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV |
in addition to any other investment company for which Fidelity Management & Research Company (FMR) or an affiliate acts as investment adviser and for which the undersigned individuals serve as Directors or Trustees (collectively, the Funds), hereby revoke all previous powers of attorney we have given to sign and otherwise act in our names and behalf in matters involving any investment company for which FMR or an affiliate acts as investment adviser and hereby constitute and appoint Thomas C. Bogle, John V. OHanlon, Robert W. Helm, Megan C. Johnson, and Anthony H. Zacharski, each of them singly, our true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for us and in our names in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, or any successors thereto, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statements or any successors thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in our names and behalf in connection therewith as said attorneysin-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. We hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after January 1, 2019.
WITNESS our hands on this first day of January 2019.
POWER OF ATTORNEY
I, the undersigned Director or Trustee, as the case may be, of the following investment companies:
Fidelity Advisor Series I Fidelity Advisor Series VII Fidelity Beacon Street Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Commonwealth Trust Fidelity Commonwealth Trust II Fidelity Congress Street Fund Fidelity Contrafund Fidelity Covington Trust Fidelity Destiny Portfolios Fidelity Devonshire Trust | Fidelity Exchange Fund Fidelity Financial Trust Fidelity Hanover Street Trust Fidelity Hastings Street Trust Fidelity Magellan Fund Fidelity Mt. Vernon Street Trust Fidelity Select Portfolios Fidelity Summer Street Trust Fidelity Trend Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV |
in addition to any other investment company for which Fidelity Management & Research Company (FMR) or an affiliate acts as investment adviser and for which the undersigned individual serves as Director or Trustee (collectively, the Funds), hereby revokes all previous powers of attorney I have given to sign and otherwise act in my name and behalf in matters involving any investment company for which FMR or an affiliate acts as investment adviser and hereby constitute and appoint Thomas C. Bogle, John V. OHanlon, Robert W. Helm, Megan C. Johnson, and Anthony H. Zacharski, each of them singly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, or any successors thereto, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statements or any successors thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneysin-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after March 2, 2018.
WITNESS our hands on this second day of March 2018.
/s/ Michael E. Wiley |
Michael E. Wiley |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | 485BPOS |
Document Period End Date | dei_DocumentPeriodEndDate | Feb. 20, 2019 |
Registrant Name | dei_EntityRegistrantName | FIDELITY COVINGTON TRUST |
Central Index Key | dei_EntityCentralIndexKey | 0000945908 |
Investment Company Type | dei_EntityInvCompanyType | N-1A |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Feb. 20, 2019 |
Document Effective Date | dei_DocumentEffectiveDate | Feb. 20, 2019 |
Prospectus Date | rr_ProspectusDate | Feb. 20, 2019 |
NF_10.31 Diversification Factor ETFs Combo_PRO-01 | Fidelity Targeted Emerging Markets Factor ETF | |||||||||||||||||
<p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund:</b><br/><b>Fidelity® Targeted Emerging Markets Factor ETF</b></p> | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font> | |||||||||||||||||
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted Emerging Markets Factor Index℠. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | |||||||||||||||||
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below. | |||||||||||||||||
<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p> | |||||||||||||||||
| |||||||||||||||||
<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p> | |||||||||||||||||
| |||||||||||||||||
This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: | |||||||||||||||||
<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p> | |||||||||||||||||
| |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font> | |||||||||||||||||
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | |||||||||||||||||
| |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | |||||||||||||||||
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | |||||||||||||||||
Performance history will be available for the fund after the fund has been in operation for one calendar year. |
Label | Element | Value | ||
---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||
Registrant Name | dei_EntityRegistrantName | FIDELITY COVINGTON TRUST | ||
Prospectus Date | rr_ProspectusDate | Feb. 20, 2019 | ||
NF_10.31 Diversification Factor ETFs Combo_PRO-01 | Fidelity Targeted Emerging Markets Factor ETF | ||||
Risk/Return: | rr_RiskReturnAbstract | |||
Risk/Return [Heading] | rr_RiskReturnHeading | <p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund:</b><br/><b>Fidelity® Targeted Emerging Markets Factor ETF</b></p> | ||
Objective [Heading] | rr_ObjectiveHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font> | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted Emerging Markets Factor Index℠. |
||
Expense [Heading] | rr_ExpenseHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below. |
||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | <p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p> | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | <p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p> | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font> | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. |
||
Expense Exchange Traded Fund Commissions [Text] | rr_ExpenseExchangeTradedFundCommissions | <font style="FONT-FAMILY: Times New Roman" size="3">Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below.</font> | ||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | <font style="FONT-FAMILY: Times New Roman" size="3">Based on estimated amounts for the current fiscal year.</font> | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: |
||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | <p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p> | ||
Strategy [Heading] | rr_StrategyHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
|
||
Risk [Heading] | rr_RiskHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. |
||
Risk Lose Money [Text] | rr_RiskLoseMoney | <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> | ||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | <font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | ||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Performance history will be available for the fund after the fund has been in operation for one calendar year. |
||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | <font style="FONT-FAMILY: Times New Roman" size="3">Performance history will be available for the fund after the fund has been in operation for one calendar year.</font> | ||
NF_10.31 Diversification Factor ETFs Combo_PRO-01 | Fidelity Targeted Emerging Markets Factor ETF | Fidelity Targeted Emerging Markets Factor ETF | ||||
Risk/Return: | rr_RiskReturnAbstract | |||
(fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||
Management fee | rr_ManagementFeesOverAssets | 0.45% | ||
Distribution and/or Service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other expenses | rr_OtherExpensesOverAssets | none | [1] | |
Total annual operating expenses | rr_ExpensesOverAssets | 0.45% | ||
1 year | rr_ExpenseExampleYear01 | $ 46 | ||
3 years | rr_ExpenseExampleYear03 | $ 144 | ||
|
NF_10.31 Diversification Factor ETFs Combo_PRO-01 | Fidelity Targeted International Factor ETF | |||||||||||||||||
<p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund:</b><br/><b>Fidelity® Targeted International Factor ETF</b></p> | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font> | |||||||||||||||||
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index℠. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | |||||||||||||||||
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below. | |||||||||||||||||
<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p> | |||||||||||||||||
| |||||||||||||||||
<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p> | |||||||||||||||||
| |||||||||||||||||
This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: | |||||||||||||||||
<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p> | |||||||||||||||||
| |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font> | |||||||||||||||||
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | |||||||||||||||||
| |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | |||||||||||||||||
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | |||||||||||||||||
Performance history will be available for the fund after the fund has been in operation for one calendar year. |
Label | Element | Value | ||
---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||
Registrant Name | dei_EntityRegistrantName | FIDELITY COVINGTON TRUST | ||
Prospectus Date | rr_ProspectusDate | Feb. 20, 2019 | ||
NF_10.31 Diversification Factor ETFs Combo_PRO-01 | Fidelity Targeted International Factor ETF | ||||
Risk/Return: | rr_RiskReturnAbstract | |||
Risk/Return [Heading] | rr_RiskReturnHeading | <p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund:</b><br/><b>Fidelity® Targeted International Factor ETF</b></p> | ||
Objective [Heading] | rr_ObjectiveHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font> | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Targeted International Factor Index℠. |
||
Expense [Heading] | rr_ExpenseHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below. |
||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | <p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p> | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | <p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p> | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font> | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. |
||
Expense Exchange Traded Fund Commissions [Text] | rr_ExpenseExchangeTradedFundCommissions | <font style="FONT-FAMILY: Times New Roman" size="3">Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below.</font> | ||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | <font style="FONT-FAMILY: Times New Roman" size="3">Based on estimated amounts for the current fiscal year.</font> | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: |
||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | <p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p> | ||
Strategy [Heading] | rr_StrategyHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
|
||
Risk [Heading] | rr_RiskHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. |
||
Risk Lose Money [Text] | rr_RiskLoseMoney | <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> | ||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | <font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | ||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Performance history will be available for the fund after the fund has been in operation for one calendar year. |
||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | <font style="FONT-FAMILY: Times New Roman" size="3">Performance history will be available for the fund after the fund has been in operation for one calendar year.</font> | ||
NF_10.31 Diversification Factor ETFs Combo_PRO-01 | Fidelity Targeted International Factor ETF | Fidelity Targeted International Factor ETF | ||||
Risk/Return: | rr_RiskReturnAbstract | |||
(fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||
Management fee | rr_ManagementFeesOverAssets | 0.39% | ||
Distribution and/or Service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other expenses | rr_OtherExpensesOverAssets | none | [1] | |
Total annual operating expenses | rr_ExpensesOverAssets | 0.39% | ||
1 year | rr_ExpenseExampleYear01 | $ 40 | ||
3 years | rr_ExpenseExampleYear03 | $ 125 | ||
|
NF_07.31 Fidelity Small-Mid Factor ETF PRO-01 | Fidelity Small-Mid Factor ETF | |||||||||||||||||
<p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund:</b><br/><b>Fidelity® Small-Mid Factor ETF</b></p> | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font> | |||||||||||||||||
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | |||||||||||||||||
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below. | |||||||||||||||||
<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p> | |||||||||||||||||
| |||||||||||||||||
<p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p> | |||||||||||||||||
| |||||||||||||||||
This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: | |||||||||||||||||
<p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p> | |||||||||||||||||
| |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font> | |||||||||||||||||
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | |||||||||||||||||
| |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | |||||||||||||||||
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. | |||||||||||||||||
<font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | |||||||||||||||||
Performance history will be available for the fund after the fund has been in operation for one calendar year. |
Label | Element | Value | ||
---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||
Registrant Name | dei_EntityRegistrantName | FIDELITY COVINGTON TRUST | ||
Prospectus Date | rr_ProspectusDate | Feb. 20, 2019 | ||
NF_07.31 Fidelity Small-Mid Factor ETF PRO-01 | Fidelity Small-Mid Factor ETF | ||||
Risk/Return: | rr_RiskReturnAbstract | |||
Risk/Return [Heading] | rr_RiskReturnHeading | <p style="font: bold 20pt Arial, Helvetica, sans-serif;">Fund Summary</p><p style="font: normal 12pt Arial, Helvetica, sans-serif;"><b>Fund:</b><br/><b>Fidelity® Small-Mid Factor ETF</b></p> | ||
Objective [Heading] | rr_ObjectiveHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;">Investment Objective</font> | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Small-Mid Factor Index℠. |
||
Expense [Heading] | rr_ExpenseHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Fee Table</b></font> | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below. |
||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | <p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Shareholder fees</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px"></p> | ||
(fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | <p style="font: bold 11pt Arial, sans-serif; margin-bottom: 0px;">Annual Operating Expenses</p><p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">(expenses that you pay each year as a % of the value of your investment)</p> | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Portfolio Turnover</b></font> | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. |
||
Expense Exchange Traded Fund Commissions [Text] | rr_ExpenseExchangeTradedFundCommissions | <font style="FONT-FAMILY: Times New Roman" size="3">Investors may pay brokerage commissions on their purchase and sale of fund shares, which are not reflected in the table or example below.</font> | ||
Acquired Fund Fees and Expenses, Based on Estimates [Text] | rr_AcquiredFundFeesAndExpensesBasedOnEstimates | <font style="FONT-FAMILY: Times New Roman" size="3">Based on estimated amounts for the current fiscal year.</font> | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: |
||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | <p style="font: bold 9pt Arial, sans-serif; margin-top: 0px">Sell All Shares</p> | ||
Strategy [Heading] | rr_StrategyHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Strategies</b></font> | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
|
||
Risk [Heading] | rr_RiskHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Principal Investment Risks</b></font> | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. |
||
Risk Lose Money [Text] | rr_RiskLoseMoney | <font style="FONT-FAMILY: Times New Roman" size="3">You could lose money by investing in the fund.</font> | ||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | <font style="FONT-FAMILY: Times New Roman" size="3">An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | <font style="font: bold 16pt Arial, Helvetica, sans-serif;"><b>Performance</b></font> | ||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Performance history will be available for the fund after the fund has been in operation for one calendar year. |
||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | <font style="FONT-FAMILY: Times New Roman" size="3">Performance history will be available for the fund after the fund has been in operation for one calendar year.</font> | ||
NF_07.31 Fidelity Small-Mid Factor ETF PRO-01 | Fidelity Small-Mid Factor ETF | Fidelity Small-Mid Factor ETF | ||||
Risk/Return: | rr_RiskReturnAbstract | |||
Management fee | rr_ManagementFeesOverAssets | 0.29% | ||
Distribution and/or Service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other expenses | rr_OtherExpensesOverAssets | none | [1] | |
Total annual operating expenses | rr_ExpensesOverAssets | 0.29% | ||
1 year | rr_ExpenseExampleYear01 | $ 30 | ||
3 years | rr_ExpenseExampleYear03 | $ 93 | ||
|
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | FIDELITY COVINGTON TRUST |
Prospectus Date | rr_ProspectusDate | Feb. 20, 2019 |
Document Creation Date | dei_DocumentCreationDate | Feb. 20, 2019 |
H,YZ0(QBNQ AT P_%P!QWK"QQ/E*2$B >!H6DN%;V
M0_@"(D^K5&4;8CH&AE. '. 2#:/JTF]X?"0A/)1_$)>9<,L.[;+DB$/IBF$#
M?@T*'H-,T;X8%;_H2]!PM!7L=]!DQ 2"A)X,,$8F"N'8881"G P90@S13IT%
MT0T8E^LH@"GH*UC#$*>K(HXYP!0\XO<$!YJ?=4+#S$(;AX'!PFX*?FM>-(L?
MF#P_D$9QDF#IHOL)XNH)N0!@P;V'*!] H+1*03LBD^ 6M'Q&E(V[X,_'I"&T
M,ZQ9#I$4L;,H/@WQQ)#_,54]>!#+.)E[>$ZM-AF-_8SF?L-DODSF2@*G+6
MY>&5L27FM32XH=_K)QQ/# GXU1T;4P41KP+J6 ?!%C%=P6P\P8Y&I!:/4DV^!/ 3X>/\FJ@)D4
M+U?GCXK9.%4MRC2[Y-RNV;W#G(B*-_!ANAD&3GPH;K .88.1'L7=.JVKEFRP
M99/62RNR9M=/"ZR<$&.SL "9$H.:6I:2%LMA/MCT!)69,+1 8T FQHD(J3/%
MGC"W>4#&.$4+PA=P/"HU1B ^:/H]E\9!)((^UMG-M&9$Y(@\$'<;%>'V'$HP
M_M>5<#&;Q$.8KE'.D)2*)&8K$H4RRO;U< 'XOI[;?C2UGC +[\R63!1.LRFW
M;:L77V,I2-H7H#_:M.PH3FE)E+Q( !ZQXA#',5V%RCR[N/G^?/9"_47%2XY:.
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M ,>(5T
MN[W&Y^DBC)+7"[2X71V/:'8=%_=PKGN/^R!A9]WFSC7> "I>3O/G&O(^5,C=
MSM UXG?@$7?[1M?0WX.'?LUI)EV#_P 5?+N_=(WW(W"\O./9&OH!5.BBIM0U
M[L.QX&YX1 L
M$I:: ^%(XSQ<)%67N(L[UAWW^B'])F]L+AUHG(-&02"&A"X.3NZ _E#S:ZE?
MJ+)HC'' W&7
MR.I6_0"J=X>O@^R8 V.YJ]PL4D6JZ7]YYZEWA>9H\4@O'E;7LD"C&\[3%=HM
MR..^5![;L_/W318F^2,YQ?X7*%D%%-WH4ENWF-KJY,D=(8SS",%$*N<(@_,F
M)F[PS)=+>!Q5PJ.3EXF>VKG$2)<8Z1(CQ\#'SB5&.IL#_(C!)5".)H%R8K(T
MD0NEP1(>+21O6CD&<8F6.Y!H.3'=!L]/< F94TO(="(WC9MZE[CI$C==XJ93
MAZ/V0,3O2C=1CCO&7N*GC(51)('R"7$.JDU:!L&,?=-[E4.M8B'WI)IYP1
MMC$KDU$Y(VQC5B:I>LV%#9$3.5ZOM@ FK60BSHD+
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M>?+B-9$H#SL&:O>2EB
I]@+B
M&KF4]]U)>7=V!YROYI+<1YSD/GEYFM*%IX44=-<[V:6U.W_!^0LND7U2B>Q.
M[*8:%^)2UUWJNDM==RIQ])X(XYT^3IQQRRU^MK,
M2DN3.4L)0_/K(BQ*SID-((1CH=7\/L3U20(PT^O#:1#60TLODT+F=%R3\D
MU!AC _?7\+D*/J=10]EUF6.S6P4_:_$@&V^#G^O'-,G3#,,Z3XO++"7AS=?E
MXR.V+5K\R,9;>C\4",I1]H1.TC@..5<9N@,-Z97B+"&YH@)Q;7QO&,\)PBLU
MPC_[C#\HHJ(4Q)AK##)CRT0[Z^:79I!(@E5;WQO!PT
Z=/H-;D$]_73[%LP-)4 &EL[F:1D9J&BWK&46K1P\="+_[XN8.&5R1
M(]LY=Z[(4:\B1R6GR-$XD_9V7[W"\V9]6T'8&W'K?I.0VH0+TA0#MHN:3&9OK]N/Y%R52:FM8]7$.C_&7Z/X!Y<5_
ME_CI*(N?I>]<1FSN'ID+0O[^)6,LX^Z+>7B\7])OV@M"0FML7KD8Y,M!/,0N
MZIZ(C<:=R$/N(,39T0>3R >-0 F]8<;1-\*WCFE]%XY'I#%F<-ST:>?I"9J7
M,UI^.:5E^EFU!-J5M(M<:Y3Q.?^5U-BH=.TIJ4"#]Q_\PEUZXXSCIW$^,7H*
MD^(FQ7/(*F&I.1".-,[#15)U@+NX8UUMKQ_2;_*&Y-*!QCEH% 1B2.CBX.0.
MZ \UOY;ZA2J+QAC'O=R15]M$?APRVUAMO!2%I3Y3
$<3__'J%XWK%<<"M""EG@F"^X
M12%%7*QG(_MP2T**&&A@!VM_.=CQKO3S7V7T%,;8)VTS M86WSQ$6?$L%F*P
M=K@%G">Z,,UP!WM+8.'6@5R'W4 ,UN N$EEO(G!5P!"@WO1T\Q/1W^.ASKWC$FVA7
ZV#S;&F05!%GP9I% Z#UM"G
M0!IM%P"[\>$/_GTWD+;XG6.JCP/Q,AX2Q = $]/F86WB?%R2).ECX[9(+]
M1!51BN4O8\+OUO/PG\AR ,LK>;1?ZZ=W,+J5\;_=]''=)EH/=5>W5A6JF&
M*O50I2*JU*0YXT7=T3DZR.B5%V.'4L6X%]Q$F'[U\";Y@E,)T>MB$%SF*@:G
M:UU+C9&DB'VBE.YKTE*7.,TICEKG0,A$08@F
MZ@ \R5J:Z@2K%"-6[A2W1&;B\TH&E55._8(?[H*,$CV1CH62.M LXW?)*-T:
M*L6\(X(I$42%I*L,Y)M0244QL,8Y^E^. OE*LZ D-!I;;*=\LWO%N_W9$G13"YT;FG:[;V]\UU(#3+N5OLIW%T
MAZE^//\4^FEZ$2P6F+YG$WUG-.]I:*#PYFL [#1BZNI
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MH=HCB!9L(S"M"\L,,
V\HVW
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MCL1_^]"]^NF]U:D?EN.[O,CHN]712"+P24KO<=96,,QFXJ?H/WO<6T&/C"2T60 JK^FL,62QXG\VXYEGP.-1B $&H3,ZN]4] %E8,3KUX6(=P#
MQ@FD81:L@GO]\VS!P]M[4F'"F.+V@X^I1A QJKH'%"86+S097"MH!!$#K%DS
M[,)X!$*3@76#4@PQN,KUPRZ,XV"V:+!HI3"X/ "J_NFHL
"6>/J[]M955R0K_KP<[1X