Fidelity Enhanced Large Cap Value ETF
Fidelity Covington Trust · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
Fidelity Enhanced Large Cap Value ETF is an actively managed U.S. equity ETF. 7% of FELV’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% 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 Value ETF seeks capital appreciation.
The fund invests at least 80% of assets in common stocks in the Russell 1000 Value Index, applying a research-driven approach to select a broadly diversified group of stocks expected to outperform the index by targeting long-term drivers of returns including valuation, growth, and quality factors. Because the fund's holdings depend on the manager's security selection rather than full index replication, performance may diverge from the Russell 1000 Value Index.
| Share class | Expense ratio |
|---|---|
| FELV | 0.18% |
Portfolio turnover 69.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.14% |
| Bonds | 0.78% |
| Cash & short-term | 0.31% |
| 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 | 20.2% |
| Financials | 19.1% |
| Industrials | 11.2% |
| Health Care | 10.5% |
| 11 smaller | 39.0% |
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 |
|---|---|---|---|---|---|
| AMZN | AMAZON.COM INCAMZN | 5.15% | $238.34 | $164.61M | 690.6K |
| AAPL | APPLE INCAAPL | 4.66% | $289.36 | $149.16M | 515.5K |
| MSFT | MICROSOFT CORPMSFT | 3.39% | $373.02 | $108.39M | 290.6K |
| BRK/B | BERKSHIRE HATHAWAY INC DELBRK/B | 3.08% | $500.39 | $98.65M | 197.1K |
| JPM | JPMORGAN CHASE and COJPM | 2.62% | $327.33 | $83.70M | 255.7K |
| XOM | EXXON MOBIL CORPXOM | 1.80% | $136.72 | $57.66M | 421.7K |
| INTC | INTEL CORPINTC | 1.77% | $139.63 | $56.74M | 406.4K |
| JNJ | JOHNSON and JOHNSONJNJ | 1.30% | $253.97 | $41.50M | 163.4K |
| CSCO | CISCO SYSTEMS INCCSCO | 1.23% | $117.46 | $39.30M | 334.6K |
| UNH | UNITEDHEALTH GROUP INCUNH | 1.18% | $415.63 | $37.72M | 90.8K |
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 26.19% of net assets, top 25 39.10%, across 353 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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