Fidelity Enhanced Large Cap Core ETF
Fidelity Covington Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Enhanced Large Cap Core ETF is an actively managed U.S. equity ETF. 22% of FELC’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 97% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
Fund profile
As filed in the prospectus · 2025 Q4
Fidelity Enhanced Large Cap Core ETF seeks capital appreciation.
The fund invests at least 80% of assets in common stocks of the S&P 500 Index, applying a research-driven framework that screens for factors including valuation, growth, and quality to select a diversified portfolio expected to outperform the index. Because the fund's stock selections depend on systematic factor analysis rather than full index replication, its returns may diverge from those of the S&P 500 Index.
| Share class | Expense ratio |
|---|---|
| FELC | 0.18% |
Portfolio turnover 77.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.68% |
| Cash & short-term | 1.13% |
| Bonds | 0.19% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 38.1% |
| Financials | 13.2% |
| Communication Services | 10.6% |
| Industrials | 9.0% |
| 11 smaller | 29.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 7.95% | $200.09 | $626.58M | 3.1M |
| AAPL | APPLE INCAAPL | 7.00% | $289.36 | $551.69M | 1.9M |
| MSFT | MICROSOFT CORPMSFT | 4.03% | $373.02 | $317.86M | 852.1K |
| AMZN | AMAZON.COM INCAMZN | 3.90% | $238.34 | $306.92M | 1.3M |
| GOOGL | ALPHABET INCGOOGL | 3.69% | $357.37 | $290.77M | 813.6K |
| AVGO | BROADCOM INCAVGO | 3.19% | $377.75 | $251.66M | 666.2K |
| GOOG | ALPHABET INCGOOG | 2.40% | $353.33 | $188.92M | 534.7K |
| META | META PLATFORMS INCMETA | 2.19% | $563.29 | $172.91M | 307.0K |
| MU | MICRON TECHNOLOGY INCMU | 2.11% | $1,154.29 | $166.31M | 144.1K |
| BRK/B | BERKSHIRE HATHAWAY INC DELBRK/B | 1.94% | $500.39 | $152.74M | 305.2K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 38.41% of net assets, top 25 55.10%, across 254 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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