Quarterly Holdings Report
for
Fidelity® MSCI Consumer Staples Index ETF
October 31, 2020
T02-QTLY-1220
1.9584805.106
Schedule of Investments October 31, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks – 99.8% | ||
Shares | Value | |
BEVERAGES – 24.3% | ||
Brewers – 0.8% | ||
Molson Coors Brewing Co. Class B | 72,281 | $2,548,628 |
The Boston Beer Co., Inc. Class A (a) | 3,989 | 4,145,289 |
6,693,917 | ||
Distillers & Vintners – 2.5% | ||
Brown-Forman Corp. Class B | 127,109 | 8,860,768 |
Constellation Brands, Inc. Class A | 65,469 | 10,817,443 |
MGP Ingredients, Inc. | 6,072 | 255,146 |
19,933,357 | ||
Soft Drinks – 21.0% | ||
Coca-Cola Bottling Co. Consolidated | 1,826 | 418,063 |
Keurig Dr Pepper, Inc. | 161,163 | 4,335,285 |
Monster Beverage Corp. (a) | 163,555 | 12,523,406 |
National Beverage Corp. (a) | 7,386 | 578,250 |
PepsiCo, Inc. | 561,040 | 74,781,021 |
The Coca-Cola Co. | 1,615,756 | 77,653,233 |
170,289,258 | ||
TOTAL BEVERAGES | 196,916,532 | |
FOOD & STAPLES RETAILING – 19.9% | ||
Drug Retail – 1.3% | ||
Rite Aid Corp. (a) | 15,469 | 141,387 |
Walgreens Boots Alliance, Inc. | 296,515 | 10,093,370 |
10,234,757 | ||
Food Distributors – 1.8% | ||
Performance Food Group Co. (a) | 49,628 | 1,667,997 |
SpartanNash Co. | 17,716 | 326,152 |
Sysco Corp. | 188,027 | 10,399,773 |
The Andersons, Inc. | 13,063 | 283,337 |
The Chefs' Warehouse, Inc. (a) | 12,241 | 165,498 |
United Natural Foods, Inc. (a) | 17,378 | 253,198 |
US Foods Holding Corp. (a) | 82,706 | 1,728,555 |
14,824,510 | ||
Food Retail – 2.0% | ||
Casey's General Stores, Inc. | 16,722 | 2,818,828 |
Grocery Outlet Holding Corp. (a) | 32,022 | 1,409,608 |
Ingles Markets, Inc. Class A | 5,046 | 180,950 |
Sprouts Farmers Market, Inc. (a) | 50,344 | 959,053 |
The Kroger Co. | 320,740 | 10,331,035 |
Village Super Market, Inc. Class A | 3,737 | 84,643 |
Weis Markets, Inc. | 9,755 | 442,975 |
16,227,092 | ||
Hypermarkets & Super Centers – 14.8% | ||
BJ's Wholesale Club Holdings, Inc. (a) | 56,738 | 2,172,498 |
Costco Wholesale Corp. | 105,801 | 37,836,554 |
PriceSmart, Inc. | 7,271 | 501,699 |
Walmart, Inc. | 569,831 | 79,064,051 |
119,574,802 | ||
TOTAL FOOD & STAPLES RETAILING | 160,861,161 |
| ||
Shares | Value | |
FOOD PRODUCTS – 18.8% | ||
Agricultural Products – 2.5% | ||
Archer-Daniels-Midland Co. | 245,980 | $ 11,374,115 |
Bunge Ltd. | 62,524 | 3,546,987 |
Darling Ingredients, Inc. (a) | 70,317 | 3,023,631 |
Fresh Del Monte Produce, Inc. | 12,219 | 263,075 |
Ingredion, Inc. | 25,978 | 1,841,580 |
20,049,388 | ||
Packaged Foods & Meats – 16.3% | ||
B&G Foods, Inc. | 24,225 | 643,416 |
Beyond Meat, Inc. (a) | 9,741 | 1,387,411 |
Calavo Growers, Inc. | 6,544 | 439,299 |
Cal-Maine Foods, Inc. (a) | 20,321 | 779,310 |
Campbell Soup Co. | 78,711 | 3,673,442 |
Conagra Brands, Inc. | 198,945 | 6,980,980 |
Flowers Foods, Inc. | 107,879 | 2,543,787 |
Freshpet, Inc. (a) | 19,439 | 2,225,766 |
General Mills, Inc. | 250,796 | 14,827,060 |
Hormel Foods Corp. | 140,810 | 6,856,039 |
Hostess Brands, Inc. (a) | 72,873 | 921,115 |
J&J Snack Foods Corp. | 5,899 | 799,727 |
John B Sanfilippo & Son, Inc. | 3,110 | 226,284 |
Kellogg Co. | 112,335 | 7,064,748 |
Lamb Weston Holdings, Inc. | 56,114 | 3,560,433 |
Lancaster Colony Corp. | 9,390 | 1,560,055 |
Landec Corp. (a) | 10,308 | 99,060 |
McCormick & Co., Inc. (non-vtg.) | 52,070 | 9,399,156 |
Mondelez International, Inc. Class A | 586,221 | 31,140,060 |
Pilgrim's Pride Corp. (a) | 22,682 | 379,697 |
Post Holdings, Inc. (a) | 31,588 | 2,713,409 |
Sanderson Farms, Inc. | 9,091 | 1,163,375 |
Seaboard Corp. | 198 | 682,110 |
The Hain Celestial Group, Inc. (a) | 39,387 | 1,211,150 |
The Hershey Co. | 60,875 | 8,367,877 |
The JM Smucker Co. | 49,036 | 5,501,839 |
The Kraft Heinz Co. | 268,317 | 8,207,817 |
The Simply Good Foods Co. (a) | 30,055 | 565,034 |
Tootsie Roll Industries, Inc. | 22,113 | 660,736 |
TreeHouse Foods, Inc. (a) | 22,020 | 855,257 |
Tyson Foods, Inc. Class A | 114,227 | 6,537,211 |
131,972,660 | ||
TOTAL FOOD PRODUCTS | 152,022,048 | |
HOUSEHOLD PRODUCTS – 25.4% | ||
Household Products – 25.4% | ||
Central Garden and Pet Co. (a) | 4,119 | 160,476 |
Central Garden and Pet Co. Class A (a) | 21,704 | 768,105 |
Church & Dwight Co., Inc. | 106,316 | 9,397,271 |
Colgate-Palmolive Co. | 351,312 | 27,715,004 |
Energizer Holdings, Inc. | 22,140 | 871,209 |
Kimberly-Clark Corp. | 138,501 | 18,363,848 |
Spectrum Brands Holdings, Inc. | 13,806 | 785,147 |
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Common Stocks – continued | ||
Shares | Value | |
HOUSEHOLD PRODUCTS – continued | ||
Household Products – continued | ||
The Clorox Co. | 52,816 | $ 10,946,116 |
The Procter & Gamble Co. | 986,923 | 135,307,143 |
WD-40 Co. | 6,639 | 1,615,800 |
TOTAL HOUSEHOLD PRODUCTS | 205,930,119 | |
PERSONAL PRODUCTS – 3.2% | ||
Personal Products – 3.2% | ||
BellRing Brands, Inc. Class A (a) | 12,992 | 237,624 |
Coty, Inc. Class A | 93,055 | 269,859 |
Edgewell Personal Care Co. (a) | 18,553 | 486,460 |
elf Beauty, Inc. (a) | 13,739 | 278,490 |
Herbalife Nutrition Ltd. (a) | 41,465 | 1,871,730 |
Inter Parfums, Inc. | 8,390 | 344,493 |
Medifast, Inc. | 4,085 | 573,902 |
Nu Skin Enterprises, Inc. Class A | 19,447 | 959,709 |
The Estee Lauder Cos., Inc. Class A | 92,316 | 20,278,133 |
USANA Health Sciences, Inc. (a) | 6,393 | 483,630 |
TOTAL PERSONAL PRODUCTS | 25,784,030 | |
TOBACCO – 8.2% | ||
Tobacco – 8.2% | ||
Altria Group, Inc. | 734,789 | 26,511,187 |
Philip Morris International, Inc. | 543,439 | 38,595,038 |
Turning Point Brands, Inc. | 6,020 | 225,569 |
| ||
Shares | Value | |
Universal Corp. | 9,651 | $ 384,592 |
Vector Group Ltd. | 47,120 | 433,033 |
TOTAL TOBACCO | 66,149,419 | |
TOTAL COMMON STOCKS (Cost $779,294,927) | 807,663,309 | |
Money Market Fund – 0.2% | ||
State Street Institutional Treasury Plus Money Market Fund, Trust Class, 0.01% (b) (Cost $1,900,000) | 1,900,000 | 1,900,000 |
TOTAL INVESTMENT IN SECURITIES – 100.0% (Cost $781,194,927) | 809,563,309 | |
NET OTHER ASSETS (LIABILITIES) (c) – (0.0%) | (31,255) | |
NET ASSETS – 100.0% | $ 809,532,054 |
Legend | ||
(a) | Non-income producing. | |
(b) | The rate quoted is the annualized seven-day yield of the fund at period end. | |
(c) | Includes $132,000 of cash collateral to cover margin requirements for futures contracts. |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/ (Depreciation) | |
Purchased | |||||
Equity Index Contract | |||||
CME E-mini S&P Consumer Staples Select Sector Index Contracts | 33 | December 2020 | $2,057,880 | $(75,445) | $(75,445) |
The notional amount of futures purchased as a percentage of Net Assets is 0.3%
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
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Schedule of Investments (Unaudited)–continued
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 (Underlying Funds) are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated underlying fund's NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 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.
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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.
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