Quarterly Holdings Report
for
Fidelity® Women’s Leadership ETF
October 31, 2021
WLE-NPRT1-1221
1.9901538.100
Schedule of Investments October 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks – 97.7% | ||
Shares | Value | |
COMMUNICATION SERVICES – 4.9% | ||
Entertainment – 1.4% | ||
The Walt Disney Co. (a) | 214 | $ 36,181 |
Interactive Media & Services – 2.0% | ||
Bumble, Inc. Class A (a) | 313 | 16,439 |
Match Group, Inc. (a) | 50 | 7,539 |
Snap, Inc. Class A (a) | 345 | 18,140 |
Vimeo, Inc. (a) | 347 | 11,704 |
53,822 | ||
Media – 1.5% | ||
Cable One, Inc. | 8 | 13,690 |
The Interpublic Group of Cos., Inc. | 733 | 26,806 |
40,496 | ||
TOTAL COMMUNICATION SERVICES | 130,499 | |
CONSUMER DISCRETIONARY – 15.1% | ||
Automobiles – 0.8% | ||
General Motors Co. (a) | 373 | 20,302 |
Diversified Consumer Services – 1.3% | ||
Adtalem Global Education, Inc. (a) | 432 | 15,954 |
Bright Horizons Family Solutions, Inc. (a) | 108 | 17,928 |
33,882 | ||
Hotels, Restaurants & Leisure – 2.1% | ||
Airbnb, Inc. Class A (a) | 65 | 11,093 |
Marriott International, Inc. Class A (a) | 164 | 26,243 |
Starbucks Corp. | 176 | 18,669 |
56,005 | ||
Household Durables – 1.2% | ||
Taylor Morrison Home Corp. (a) | 1,014 | 30,957 |
Internet & Direct Marketing Retail – 2.6% | ||
Amazon.com, Inc. (a) | 10 | 33,724 |
Etsy, Inc. (a) | 87 | 21,810 |
The RealReal, Inc. (a) | 893 | 11,636 |
67,170 | ||
Multiline Retail – 0.6% | ||
Kohl's Corp. | 345 | 16,743 |
Specialty Retail – 5.4% | ||
Best Buy Co., Inc. | 126 | 15,402 |
Burlington Stores, Inc. (a) | 55 | 15,196 |
Lowe's Cos., Inc. | 124 | 28,994 |
Ross Stores, Inc. | 65 | 7,358 |
The Gap, Inc. | 824 | 18,696 |
Torrid Holdings, Inc. (a) | 868 | 13,055 |
Ulta Beauty, Inc. (a) | 44 | 16,164 |
Williams-Sonoma, Inc. | 150 | 27,859 |
142,724 | ||
Textiles, Apparel & Luxury Goods – 1.1% | ||
PVH Corp. (a) | 127 | 13,885 |
Tapestry, Inc. | 411 | 16,021 |
| ||
Shares | Value | |
29,906 | ||
TOTAL CONSUMER DISCRETIONARY | 397,689 | |
CONSUMER STAPLES – 3.9% | ||
Beverages – 0.9% | ||
The Coca-Cola Co. | 303 | $17,080 |
The Duckhorn Portfolio, Inc. (a) | 374 | 7,233 |
24,313 | ||
Food & Staples Retailing – 0.6% | ||
Albertsons Cos., Inc. | 496 | 15,351 |
Food Products – 1.1% | ||
Laird Superfood, Inc. (a) | 651 | 11,367 |
The Hershey Co. | 98 | 17,184 |
28,551 | ||
Household Products – 0.4% | ||
The Clorox Co. | 68 | 11,085 |
Personal Products – 0.9% | ||
Olaplex Holdings, Inc. (a) | 100 | 2,791 |
The Estee Lauder Cos., Inc. Class A | 52 | 16,865 |
The Honest Co., Inc. (a) | 534 | 4,886 |
24,542 | ||
TOTAL CONSUMER STAPLES | 103,842 | |
ENERGY – 0.5% | ||
Oil, Gas & Consumable Fuels – 0.5% | ||
Renewable Energy Group, Inc. (a) | 225 | 14,400 |
FINANCIALS – 12.0% | ||
Banks – 4.6% | ||
Bank of America Corp. | 972 | 46,442 |
Citigroup, Inc. | 506 | 34,995 |
First Horizon Corp. | 910 | 15,443 |
First United Corp. | 478 | 9,024 |
JPMorgan Chase & Co. | 90 | 15,290 |
121,194 | ||
Capital Markets – 4.4% | ||
Coinbase Global, Inc. Class A (a) | 30 | 9,583 |
Morningstar, Inc. | 118 | 37,376 |
MSCI, Inc. | 19 | 12,633 |
Nasdaq, Inc. | 270 | 56,665 |
116,257 | ||
Insurance – 2.2% | ||
The Hartford Financial Services Group, Inc. | 370 | 26,984 |
The Progressive Corp. | 326 | 30,931 |
57,915 | ||
Thrifts & Mortgage Finance – 0.8% | ||
NMI Holdings, Inc. Class A (a) | 927 | 22,508 |
TOTAL FINANCIALS | 317,874 |
Quarterly Report | 2 |
Common Stocks – continued | ||
Shares | Value | |
HEALTH CARE – 15.5% | ||
Biotechnology – 2.4% | ||
AbbVie, Inc. | 189 | $ 21,672 |
Graphite Bio, Inc. (a) | 681 | 8,676 |
Vertex Pharmaceuticals, Inc. (a) | 103 | 19,048 |
Zai Lab Ltd. ADR (a) | 125 | 13,050 |
62,446 | ||
Health Care Equipment & Supplies – 2.4% | ||
Figs, Inc. Class A (a) | 292 | 9,814 |
Hologic, Inc. (a) | 448 | 32,843 |
ResMed, Inc. | 79 | 20,770 |
63,427 | ||
Health Care Providers & Services – 4.6% | ||
AMN Healthcare Services, Inc. (a) | 178 | 17,569 |
Anthem, Inc. | 127 | 55,261 |
Cigna Corp. | 149 | 31,828 |
Guardant Health, Inc. (a) | 139 | 16,234 |
120,892 | ||
Pharmaceuticals – 6.1% | ||
AstraZeneca PLC ADR | 720 | 44,914 |
Eli Lilly & Co. | 123 | 31,335 |
GlaxoSmithKline PLC ADR | 704 | 29,800 |
Merck & Co., Inc. | 298 | 26,239 |
Zoetis, Inc. | 136 | 29,403 |
161,691 | ||
TOTAL HEALTH CARE | 408,456 | |
INDUSTRIALS – 9.0% | ||
Air Freight & Logistics – 1.0% | ||
United Parcel Service, Inc. Class B | 127 | 27,111 |
Commercial Services & Supplies – 0.3% | ||
Stericycle, Inc. (a) | 97 | 6,491 |
Electrical Equipment – 2.9% | ||
AMETEK, Inc. | 241 | 31,908 |
nVent Electric PLC | 599 | 21,235 |
Sunrun, Inc. (a) | 414 | 23,879 |
77,022 | ||
Machinery – 2.5% | ||
Federal Signal Corp. | 999 | 42,767 |
Otis Worldwide Corp. | 279 | 22,407 |
65,174 | ||
Professional Services – 2.3% | ||
Leidos Holdings, Inc. | 249 | 24,895 |
ManpowerGroup, Inc. | 188 | 18,170 |
Science Applications International Corp. | 203 | 18,226 |
61,291 | ||
TOTAL INDUSTRIALS | 237,089 | |
INFORMATION TECHNOLOGY – 29.7% | ||
Communications Equipment – 0.9% | ||
Arista Networks, Inc. (a) | 55 | 22,533 |
| ||
Shares | Value | |
Electronic Equipment, Instruments & Components – 2.1% | ||
CDW Corp. | 218 | $40,690 |
Insight Enterprises, Inc. (a) | 161 | 15,247 |
55,937 | ||
IT Services – 7.3% | ||
Accenture PLC Class A | 124 | 44,490 |
Genpact Ltd. | 375 | 18,506 |
Mastercard, Inc. Class A | 86 | 28,855 |
PayPal Holdings, Inc. (a) | 156 | 36,284 |
Square, Inc. Class A (a) | 80 | 20,360 |
Twilio, Inc. Class A (a) | 78 | 22,726 |
WEX, Inc. (a) | 149 | 22,305 |
193,526 | ||
Semiconductors & Semiconductor Equipment – 4.1% | ||
Advanced Micro Devices, Inc. (a) | 228 | 27,412 |
NVIDIA Corp. | 267 | 68,264 |
Universal Display Corp. | 74 | 13,557 |
109,233 | ||
Software – 13.8% | ||
Adobe, Inc. (a) | 79 | 51,379 |
Ceridian HCM Holding, Inc. (a) | 140 | 17,535 |
HubSpot, Inc. (a) | 57 | 46,183 |
Intuit, Inc. | 70 | 43,819 |
Microsoft Corp. | 322 | 106,782 |
PagerDuty, Inc. (a) | 335 | 13,986 |
Rapid7, Inc. (a) | 215 | 27,681 |
Salesforce.com, Inc. (a) | 189 | 56,642 |
364,007 | ||
Technology Hardware, Storage & Peripherals – 1.5% | ||
Apple, Inc. | 273 | 40,895 |
TOTAL INFORMATION TECHNOLOGY | 786,131 | |
MATERIALS – 2.4% | ||
Chemicals – 0.4% | ||
Valvoline, Inc. | 308 | 10,460 |
Metals & Mining – 2.0% | ||
Commercial Metals Co. | 446 | 14,352 |
Newmont Corp. | 415 | 22,410 |
Schnitzer Steel Industries, Inc. Class A | 306 | 16,463 |
53,225 | ||
TOTAL MATERIALS | 63,685 | |
REAL ESTATE – 2.3% | ||
Equity Real Estate Investment Trusts (REITs) – 2.3% | ||
Equity Lifestyle Properties, Inc. | 274 | 23,156 |
STORE Capital Corp. | 725 | 24,889 |
Ventas, Inc. | 249 | 13,289 |
TOTAL REAL ESTATE | 61,334 |
3 | Quarterly Report |
Schedule of Investments (Unaudited)–continued
Common Stocks – continued | ||
Shares | Value | |
UTILITIES – 2.4%�� | ||
Electric Utilities – 1.5% | ||
ALLETE, Inc. | 226 | $13,908 |
NextEra Energy, Inc. | 291 | 24,831 |
38,739 | ||
Water Utilities – 0.9% | ||
American Water Works Co., Inc. | 136 | 23,688 |
TOTAL UTILITIES | 62,427 | |
TOTAL COMMON STOCKS (Cost $2,440,833) | 2,583,426 | |
Money Market Fund – 2.3% | ||
State Street Institutional Treasury Plus Money Market Fund, Trust Class, 0.01% (b) (Cost $59,605) | 59,605 | 59,605 |
TOTAL INVESTMENT IN SECURITIES – 100.0% (Cost $2,500,438) | 2,643,031 | |
NET OTHER ASSETS (LIABILITIES) – 0.0% | 108 | |
NET ASSETS – 100.0% | $ 2,643,139 |
Legend | ||
(a) | Non-income producing. | |
(b) | The rate quoted is the annualized seven-day yield of the fund at period end. |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities 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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
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)
Valuation techniques used to value 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 any 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.
Investments in open-end mutual 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 open-end mutual 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.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund’s significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.
Quarterly Report | 4 |
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 annual report.
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