
Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETF (FEMR)
ETF overview
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.
Fund facts
- Expense ratio
- 0.38%
- Fund assets
- 189.42M USD (all share classes)
- Issuer
- Fidelity
- Inception date
- Nov 19, 2024
- Number of holdings
- 178
Breakdown
Holdings (178)
| Name | Ticker | Weight |
|---|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LT | 2330.TW | 14.68% |
| SAMSUNG ELECTRONICS CO LTD | 005930.KS | 6.50% |
| SK HYNIX INC | 000660.KS | 4.38% |
| MEDIA TEK INC | 2454.TW | 2.41% |
| TENCENT HOLDINGS LTD | 0700.HK | 2.00% |
| HON HAI PRECISION IND CO LTD | 2317.TW | 1.44% |
| DELTA ELECTRONICS IND CO LTD | 2308.TW | 1.35% |
| PETROLEO BRASILEIRO SA - PETRO | PBR | 1.20% |
| ALIBABA GROUP HOLDING LTD | 9988.HK | 1.15% |
| ASE TECHNOLOGY HOLDING CO LTD | 3711.TW | 1.09% |
| and 165 more | ||
Similar ETFs
- iShares ESG Aware MSCI EM ETFESGE · Overlap 51% · Expense ratio 0.25%
- iShares MSCI Emerging Markets ETFEEM · Overlap 50% · Expense ratio 0.72%
- iShares Currency Hedged MSCI Emerging Markets ETFHEEM · Overlap 50% · Expense ratio 1.51%
- Xtrackers MSCI Emerging Markets Hedged Equity ETFDBEM · Overlap 50% · Expense ratio 0.66%
- SEI Exchange Traded Funds - SEI Select Emerging Markets Equity ETFSEEM · Overlap 49% · Expense ratio 0.60%
- Emerging Markets Equity ETFREMG · Overlap 49% · Expense ratio 0.79%
- iShares MSCI Emerging Markets Asia ETFEEMA · Overlap 49% · Expense ratio 0.49%
- KraneShares MSCI Emerging Markets ex China Index ETFKEMX · Overlap 48% · Expense ratio 0.59%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.

Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETF (FEMR)
- Expense ratio
- 0.38%
- Fund assets
- 189.42M USD (all share classes)
- Issuer
- Fidelity
- Inception date
- Nov 19, 2024
- Number of holdings
- 178
| Name | Ticker | Weight |
|---|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LT | 2330.TW | 14.68% |
| SAMSUNG ELECTRONICS CO LTD | 005930.KS | 6.50% |
| SK HYNIX INC | 000660.KS | 4.38% |
| MEDIA TEK INC | 2454.TW | 2.41% |
| TENCENT HOLDINGS LTD | 0700.HK | 2.00% |
| HON HAI PRECISION IND CO LTD | 2317.TW | 1.44% |
| DELTA ELECTRONICS IND CO LTD | 2308.TW | 1.35% |
| PETROLEO BRASILEIRO SA - PETRO | PBR | 1.20% |
| ALIBABA GROUP HOLDING LTD | 9988.HK | 1.15% |
| ASE TECHNOLOGY HOLDING CO LTD | 3711.TW | 1.09% |
| and 165 more | ||
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.
- iShares ESG Aware MSCI EM ETFESGE · Overlap 51% · Expense ratio 0.25%
- iShares MSCI Emerging Markets ETFEEM · Overlap 50% · Expense ratio 0.72%
- iShares Currency Hedged MSCI Emerging Markets ETFHEEM · Overlap 50% · Expense ratio 1.51%
- Xtrackers MSCI Emerging Markets Hedged Equity ETFDBEM · Overlap 50% · Expense ratio 0.66%
- SEI Exchange Traded Funds - SEI Select Emerging Markets Equity ETFSEEM · Overlap 49% · Expense ratio 0.60%
- Emerging Markets Equity ETFREMG · Overlap 49% · Expense ratio 0.79%
- iShares MSCI Emerging Markets Asia ETFEEMA · Overlap 49% · Expense ratio 0.49%
- KraneShares MSCI Emerging Markets ex China Index ETFKEMX · Overlap 48% · Expense ratio 0.59%
Overlap is the share of assets the two funds hold in common.
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