NPORT-EX 2 DividendForRisingRates.htm HTML

Quarterly Holdings Report

for

Fidelity® Dividend ETF For Rising Rates

October 31, 2019

 

 

T19-QTLY-1219

1.9880053.103

Schedule of Investments October 31, 2019 (Unaudited)

Showing Percentage of Net Assets

 

Common Stocks – 99.6%             
    Shares      Value  

COMMUNICATION SERVICES – 8.9%

     

Diversified Telecommunication Services – 2.9%

 

AT&T, Inc.

     124,923      $ 4,808,286  

CenturyLink, Inc. (a)

     77,716        1,005,645  

Verizon Communications, Inc.

     70,197        4,244,813  
    

 

 

  
       10,058,744  
    

 

 

  

Entertainment – 2.3%

     

Activision Blizzard, Inc.

     30,910        1,731,887  

Cinemark Holdings, Inc.

     25,962        950,209  

The Walt Disney Co.

     27,719        3,601,253  

Viacom, Inc. Class B

     38,822        837,002  

World Wrestling Entertainment, Inc. Class A (a)

     12,785        716,472  
    

 

 

  
       7,836,823  
    

 

 

  

Media – 3.5%

     

Cable One, Inc.

     1,203        1,594,420  

CBS Corp. Class B

     24,602        886,656  

Comcast Corp. Class A

     84,533        3,788,769  

Nexstar Media Group, Inc. Class A

     12,648        1,230,524  

Omnicom Group, Inc.

     15,754        1,216,051  

Sirius XM Holdings, Inc. (a)

     189,027        1,270,262  

The Interpublic Group of Cos., Inc.

     49,123        1,068,425  

The New York Times Co. Class A

     40,970        1,265,973  
    

 

 

  
       12,321,080  
    

 

 

  

Wireless Telecommunication Services – 0.2%

 

Telephone & Data Systems, Inc.

     28,991        756,375  
    

 

 

  

TOTAL COMMUNICATION SERVICES

        30,973,022  
    

 

 

  

CONSUMER DISCRETIONARY – 10.3%

     

Automobiles – 1.2%

     

Ford Motor Co.

     231,722        1,990,492  

General Motors Co.

     57,674        2,143,166  
    

 

 

  
       4,133,658  
    

 

 

  

Hotels, Restaurants & Leisure – 2.6%

     

Las Vegas Sands Corp.

     32,170        1,989,393  

McDonald’s Corp.

     18,668        3,671,995  

Starbucks Corp.

     39,164        3,311,708  
    

 

 

  
       8,973,096  
    

 

 

  

Household Durables – 0.4%

     

Persimmon PLC

     51,528        1,519,825  
    

 

 

  

Multiline Retail – 1.2%

     

Macy’s, Inc. (a)

     64,989        985,233  

Target Corp.

     28,582        3,055,702  
    

 

 

  
       4,040,935  
    

 

 

  

Specialty Retail – 3.5%

     

L Brands, Inc.

     60,613        1,032,845  

Lowe’s Cos., Inc.

     26,806        2,991,818  

The Home Depot, Inc.

     22,943        5,381,969  

The TJX Cos., Inc.

     47,860        2,759,129  
    

 

 

  
       12,165,761  
    

 

 

  
              
    Shares      Value  

Textiles, Apparel & Luxury Goods – 1.4%

 

NIKE, Inc. Class B

     35,612      $ 3,189,054  

Pandora A/S

     37,216        1,830,022  
    

 

 

  
       5,019,076  
    

 

 

  

TOTAL CONSUMER DISCRETIONARY

        35,852,351  
    

 

 

  

CONSUMER STAPLES – 6.4%

     

Beverages – 1.4%

     

The Coca-Cola Co.

     87,193        4,745,915  
    

 

 

  

Food Products – 0.5%

     

The Kraft Heinz Co.

     46,950        1,517,893  
    

 

 

  

Household Products – 1.8%

     

The Procter & Gamble Co.

     50,794        6,324,361  
    

 

 

  

Tobacco – 2.7%

     

Altria Group, Inc.

     61,703        2,763,678  

British American Tobacco PLC

     53,415        1,869,544  

Imperial Brands PLC

     56,840        1,246,075  

Philip Morris International, Inc.

     44,031        3,585,885  
    

 

 

  
       9,465,182  
    

 

 

  

TOTAL CONSUMER STAPLES

        22,053,351  
    

 

 

  

ENERGY – 4.2%

     

Energy Equipment & Services – 0.4%

     

Schlumberger Ltd.

     46,471        1,519,137  
    

 

 

  

Oil, Gas & Consumable Fuels – 3.8%

     

Chevron Corp.

     35,211        4,089,406  

Exxon Mobil Corp.

     70,684        4,776,118  

Kinder Morgan, Inc.

     94,957        1,897,241  

Occidental Petroleum Corp.

     28,735        1,163,767  

Targa Resources Corp. (a)

     32,782        1,274,564  
    

 

 

  
       13,201,096  
    

 

 

  

TOTAL ENERGY

        14,720,233  
    

 

 

  

FINANCIALS – 13.2%

     

Banks – 6.0%

     

Bank of America Corp.

     210,211        6,573,298  

JPMorgan Chase & Co.

     68,056        8,501,556  

Wells Fargo & Co.

     108,853        5,620,080  
    

 

 

  
       20,694,934  
    

 

 

  

Capital Markets – 0.7%

     

Invesco Ltd.

     154,562        2,599,733  
    

 

 

  

Insurance – 1.8%

     

Old Republic International Corp.

     138,744        3,099,541  

Prudential Financial, Inc.

     34,727        3,165,019  
    

 

 

  
       6,264,560  
    

 

 

  

Mortgage Real Estate Investment Trusts (REITs) – 4.7%

 

AGNC Investment Corp.

     158,612        2,704,334  

Annaly Capital Management, Inc.

     278,162        2,497,895  

Chimera Investment Corp.

     145,517        2,948,174  

MFA Financial, Inc.

     377,314        2,863,813  
 

 

  2  

Common Stocks – continued  
    Shares      Value  

FINANCIALS – continued

     

Mortgage Real Estate Investment Trusts (REITs) – continued

 

New Residential Investment Corp.

     164,896      $ 2,611,953  

Two Harbors Investment Corp.

     189,802        2,632,554  
    

 

 

  
       16,258,723  
    

 

 

  

TOTAL FINANCIALS

        45,817,950  
    

 

 

  

HEALTH CARE – 13.9%

     

Biotechnology – 4.7%

     

AbbVie, Inc.

     68,404        5,441,538  

Amgen, Inc.

     29,250        6,237,562  

Gilead Sciences, Inc.

     73,032        4,652,869  
    

 

 

  
       16,331,969  
    

 

 

  

Health Care Providers & Services – 1.2%

 

Cardinal Health, Inc.

     83,318        4,120,075  
    

 

 

  

Pharmaceuticals – 8.0%

     

Bristol-Myers Squibb Co. (a)

     101,023        5,795,689  

Johnson & Johnson

     63,546        8,390,614  

Merck & Co., Inc.

     86,063        7,458,220  

Pfizer, Inc.

     166,221        6,377,900  
    

 

 

  
       28,022,423  
    

 

 

  

TOTAL HEALTH CARE

        48,474,467  
    

 

 

  

INDUSTRIALS – 9.7%

     

Aerospace & Defense – 2.3%

     

Lockheed Martin Corp.

     6,177        2,326,752  

The Boeing Co.

     8,928        3,034,717  

United Technologies Corp.

     17,712        2,543,089  
    

 

 

  
       7,904,558  
    

 

 

  

Air Freight & Logistics – 0.8%

     

Royal Mail PLC

     252,178        691,210  

United Parcel Service, Inc. Class B

     17,140        1,974,014  
    

 

 

  
       2,665,224  
    

 

 

  

Airlines – 0.4%

     

Delta Air Lines, Inc.

     25,773        1,419,577  
    

 

 

  

Building Products – 0.5%

     

Johnson Controls International PLC

     37,888        1,641,687  
    

 

 

  

Electrical Equipment – 0.8%

     

Eaton Corp. PLC

     17,072        1,487,142  

Emerson Electric Co.

     21,405        1,501,561  
    

 

 

  
       2,988,703  
    

 

 

  

Industrial Conglomerates – 1.8%

     

3M Co.

     11,736        1,936,323  

Honeywell International, Inc.

     15,466        2,671,442  

Jardine Matheson Holdings Ltd.

     13,519        772,205  

Jardine Strategic Holdings Ltd.

     23,207        750,282  
    

 

 

  
       6,130,252  
    

 

 

  

Machinery – 1.4%

     

Caterpillar, Inc.

     14,067        1,938,433  

Illinois Tool Works, Inc.

     10,291        1,734,857  
              
    Shares      Value  

PACCAR, Inc.

     17,923      $ 1,363,223  
    

 

 

  
       5,036,513  
    

 

 

  

Professional Services – 0.3%

     

Randstad N.V.

     18,415        1,019,518  
    

 

 

  

Road & Rail – 1.1%

     

Norfolk Southern Corp.

     8,713        1,585,766  

Union Pacific Corp.

     14,832        2,454,103  
    

 

 

  
       4,039,869  
    

 

 

  

Transportation Infrastructure – 0.3%

     

Macquarie Infrastructure Corp.

     21,514        928,114  
    

 

 

  

TOTAL INDUSTRIALS

        33,774,015  
    

 

 

  

INFORMATION TECHNOLOGY – 23.4%

     

Communications Equipment – 1.5%

     

Cisco Systems, Inc.

     108,410        5,150,559  
    

 

 

  

IT Services – 1.2%

     

International Business Machines Corp.

     29,685        3,969,775  
    

 

 

  

Semiconductors & Semiconductor Equipment – 6.9%

 

Applied Materials, Inc.

     75,238        4,082,414  

Broadcom, Inc.

     14,353        4,203,276  

Intel Corp.

     109,421        6,185,569  

QUALCOMM, Inc.

     64,852        5,216,695  

Texas Instruments, Inc.

     36,472        4,303,331  
    

 

 

  
       23,991,285  
    

 

 

  

Software – 5.4%

     

Micro Focus International PLC

     107,176        1,471,603  

Microsoft Corp.

     120,533        17,280,816  
    

 

 

  
       18,752,419  
    

 

 

  

Technology Hardware, Storage & Peripherals – 8.4%

 

Apple, Inc.

     71,359        17,751,265  

Hewlett Packard Enterprise Co.

     175,463        2,879,348  

HP, Inc.

     131,392        2,282,279  

Seagate Technology PLC

     58,785        3,411,293  

Western Digital Corp.

     58,267        3,009,491  
    

 

 

  
       29,333,676  
    

 

 

  

TOTAL INFORMATION TECHNOLOGY

        81,197,714  
    

 

 

  

MATERIALS – 2.7%

     

Chemicals – 1.9%

     

Air Products & Chemicals, Inc.

     6,663        1,420,951  

Corteva, Inc.

     13,577        358,161  

Dow, Inc.

     13,577        685,503  

DuPont de Nemours, Inc.

     13,577        894,860  

Linde PLC

     10,857        2,153,486  

LyondellBasell Industries N.V. Class A

     11,335        1,016,750  
    

 

 

  
       6,529,711  
    

 

 

  

Containers & Packaging – 0.4%

     

International Paper Co.

     18,626        813,584  

Westrock Co.

     18,961        708,572  
    

 

 

  
       1,522,156  
    

 

 

  
 

 

  3  

Schedule of Investments (Unaudited) – continued

 

 

Common Stocks – continued             
    Shares      Value  

MATERIALS – continued

     

Metals & Mining – 0.4%

     

Alumina Ltd.

     363,834      $ 569,336  

Nucor Corp.

     14,429        777,002  
    

 

 

  
       1,346,338  
    

 

 

  

TOTAL MATERIALS

        9,398,205  
    

 

 

  

REAL ESTATE – 3.5%

     

Equity Real Estate Investment Trusts (REITs) – 3.4%

 

American Tower Corp.

     8,787        1,916,269  

Crown Castle International Corp.

     10,017        1,390,259  

Iron Mountain, Inc.

     18,730        614,344  

Kimco Realty Corp.

     38,446        828,896  

Park Hotels & Resorts, Inc.

     21,253        494,132  

Public Storage

     4,532        1,010,001  

RLJ Lodging Trust

     32,555        534,227  

Sabra Health Care REIT, Inc.

     29,653        729,464  

Senior Housing Properties Trust

     43,878        435,489  

Service Properties Trust

     23,187        586,631  

Simon Property Group, Inc.

     6,973        1,050,692  

Uniti Group, Inc.

     30,529        211,261  

Welltower, Inc.

     11,982        1,086,648  

Weyerhaeuser Co.

     30,862        901,479  
    

 

 

  
       11,789,792  
    

 

 

  

Real Estate Management & Development – 0.1%

 

Hongkong Land Holdings Ltd.

     78,951        434,231  
    

 

 

  

TOTAL REAL ESTATE

        12,224,023  
    

 

 

  

UTILITIES – 3.4%

     

Electric Utilities – 2.9%

     

Duke Energy Corp.

     17,701        1,668,496  

Edison International

     17,577        1,105,593  

Exelon Corp.

     28,225        1,283,955  

NextEra Energy, Inc.

     10,292        2,452,995  
              
    Shares      Value  

PPL Corp.

     33,571      $ 1,124,293  

SSE PLC

     49,940        830,294  

The Southern Co.

     28,754        1,801,726  
    

 

 

  
       10,267,352  
    

 

 

  

Multi-Utilities – 0.5%

     

Dominion Energy, Inc.

     20,530        1,694,752  
    

 

 

  

TOTAL UTILITIES

        11,962,104  
    

 

 

  

TOTAL COMMON STOCKS
(Cost $328,152,736)

 

      346,447,435  
    

 

 

  
    
Money Market Funds – 3.3%  

Fidelity Cash Central Fund, 1.83% (b)

     565,220        565,332  

Fidelity Securities Lending Cash Central Fund, 1.84% (b)(c)

     11,130,932        10,885,574  
    

 

 

  

TOTAL MONEY MARKET FUNDS
(Cost $11,450,955)

 

      11,450,906  
    

 

 

  

TOTAL INVESTMENT IN SECURITIES – 102.9%
(Cost $339,603,691)

 

      357,898,341  

NET OTHER ASSETS (LIABILITIES) (d) – (2.9%)

 

      (10,102,071 ) 
    

 

 

  

NET ASSETS – 100.0%

      $ 347,796,270  
    

 

 

  

Legend

 

(a)   Security or a portion of the security is on loan at period end.

 

(b)   Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund’s holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund’s financial statements are available on the SEC’s website or upon request.

 

(c)   Investment made with cash collateral received from securities on loan.

 

(d)   Includes $50,400 of cash collateral to cover margin requirements for futures contracts.
 

 

Futures Contracts                                   
Purchased    Number of
contracts		      Expiration
Date		      Notional
Amount		      Value      Unrealized
Appreciation/
(Depreciation)		  

Equity Index Contract

               

CME E-mini S&P 500 Index Future Contracts

      8        December 2019      $ 1,214,320      $ 27,866      $ 27,866  
              

 

 

  

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

 

Fund    Income earned  

Fidelity Cash Central Fund

    $ 1,535  

Fidelity Securities Lending Cash Central Fund

      2,862  
  

 

 

  

Total

    $ 4,397  
  

 

 

  

 

  4  

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received from lending certain types of securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund’s investments to the Fair Value Committee (the Committee) established by the Fund’s investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee’s activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund’s investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 – quoted prices in active markets for identical investments: Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 – unobservable inputs (including the Fund’s own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund’s investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.

 

  5  

 

The fund’s schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund’s shareholders. For more information regarding the fund and its holdings, please see the fund’s most recent prospectus and semiannual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.

 

  6