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About Fidelity Covington Trust Fidelity Enhanced Emerging Markets ETF
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Inception date
Nov 19, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Co. LLC
FEMR is actively managed and aims for capital appreciation by investing at least 80% of assets in securities and depositary receipts of emerging market issuers. These markets are defined by MSCI and include low- to middle-income economies as per the World Bank. The fund primarily invests in common stocks, diversifying across various emerging countries. A research-driven approach is used to identify long-term stock return drivers such as valuation, growth, and quality. This research is systematically applied with a proprietary portfolio construction and risk management framework. The objective is to select a diversified stock group that potentially offers higher total returns than the MSCI Emerging Markets Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Finance
Stocks98.39%
Electronic Technology26.21%
Finance25.06%
Technology Services9.99%
Energy Minerals6.37%
Non-Energy Minerals4.56%
Health Technology4.50%
Producer Manufacturing4.21%
Retail Trade3.63%
Transportation2.38%
Consumer Durables2.29%
Consumer Non-Durables2.04%
Communications1.96%
Utilities1.58%
Consumer Services1.57%
Process Industries1.36%
Industrial Services0.70%
Bonds, Cash & Other1.61%
Cash0.74%
Government0.47%
UNIT0.40%
Futures0.00%
Stock breakdown by region
Asia83.17%
Middle East4.70%
Europe4.57%
Latin America2.82%
Africa2.72%
North America2.03%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FEMR invests in stocks. The fund's major sectors are Electronic Technology, with 26.21% stocks, and Finance, with 25.06% of the basket. The assets are mostly located in the Asia region.
FEMR top holdings are Taiwan Semiconductor Manufacturing Co., Ltd. and Tencent Holdings Ltd, occupying 10.16% and 4.69% of the portfolio correspondingly.
FEMR last dividends amounted to 0.25 USD. The quarter before, the issuer paid 0.09 USD in dividends, which shows a 63.01% increase.
FEMR assets under management is 25.25 M USD. It's risen 123.32% over the last month.
FEMR fund flows account for 14.28 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FEMR pays dividends to its holders with the dividend yield of 2.00%. The last dividend (Jun 24, 2025) amounted to 0.25 USD. The dividends are paid quarterly.
FEMR shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Nov 19, 2024, and its management style is Active.
FEMR expense ratio is 0.38% meaning you'd have to pay 0.38% of your investment to help manage the fund.
FEMR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FEMR invests in stocks.
FEMR price has risen by 0.29% over the last month, and its yearly performance shows a 13.99% increase. See more dynamics on FEMR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.10% over the last month, have fallen by −0.10% over the last month, showed a 8.63% increase in three-month performance and has increased by 16.12% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.10% over the last month, have fallen by −0.10% over the last month, showed a 8.63% increase in three-month performance and has increased by 16.12% in a year.
FEMR trades at a premium (0.74%) meaning the ETF is trading at a higher price than the calculated NAV.