
Fidelity Covington Trust - Fidelity Fundamental Emerging Markets ETF (FFEM)
ETF overview
FFEM seeks to achieve long-term capital growth by fundamentally selecting stocks from emerging markets. The fund includes countries that have an emerging stock market, as defined by MSCI, low- to middle-income economies, as classified by the World Bank, as well as countries with similar characteristics. The adviser considers an issuers domicile, incorporation, primary listing, and location of at least 50% of its assets to determine if it is economically tied to emerging markets. Additionally, issuers must derive at least 50% of their revenues from, classified as part of, or included in an index representing emerging markets. Starting with fundamental analyst research and security recommendations, and reference portfolios managed by Fidelity, a quantitative portfolio construction process is applied to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund is actively managed and includes firms of all sizes.
Fund facts
- Expense ratio
- 0.60%
- Fund assets
- 67.08M USD (all share classes)
- Issuer
- Fidelity
- Inception date
- Nov 19, 2024
- Number of holdings
- 117
Breakdown
Holdings (117)
| Name | Ticker | Weight |
|---|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LT | 2330.TW | 18.32% |
| SAMSUNG ELECTRONICS CO LTD | 005930.KS | 7.32% |
| SK HYNIX INC | 000660.KS | 5.26% |
| TENCENT HOLDINGS LTD | 0700.HK | 4.60% |
| MEDIA TEK INC | 2454.TW | 3.01% |
| ALIBABA GROUP HOLDING LTD | 9988.HK | 2.04% |
| CHINA CONSTRUCTION BANK CORP H | 0939.HK | 1.88% |
| HDFC BANK LTD SPON ADR | HDB | 1.83% |
| CREDICORP LTD (USA) | 0U8N.L | 1.62% |
| ICICI BANK LTD SPONS ADR | IBN | 1.51% |
| and 104 more | ||
Similar ETFs
- Xtrackers MSCI Emerging Markets Climate Selection ETFEMCS · Overlap 56% · Expense ratio 0.15%
- Lazard Emerging Markets Opportunities ETFEMKT · Overlap 55% · Expense ratio 0.74%
- iShares Asia 50 ETFAIA · Overlap 50% · Expense ratio 0.50%
- iShares MSCI All Country Asia ex Japan ETFAAXJ · Overlap 49% · Expense ratio 0.72%
- iShares MSCI Emerging Markets ETFEEM · Overlap 49% · Expense ratio 0.72%
- iShares Currency Hedged MSCI Emerging Markets ETFHEEM · Overlap 49% · Expense ratio 1.51%
- Xtrackers MSCI Emerging Markets Hedged Equity ETFDBEM · Overlap 48% · Expense ratio 0.66%
- iShares ESG Aware MSCI EM ETFESGE · Overlap 48% · Expense ratio 0.25%
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 Fundamental Emerging Markets ETF (FFEM)
- Expense ratio
- 0.60%
- Fund assets
- 67.08M USD (all share classes)
- Issuer
- Fidelity
- Inception date
- Nov 19, 2024
- Number of holdings
- 117
| Name | Ticker | Weight |
|---|---|---|
| TAIWAN SEMICONDUCTOR MFG CO LT | 2330.TW | 18.32% |
| SAMSUNG ELECTRONICS CO LTD | 005930.KS | 7.32% |
| SK HYNIX INC | 000660.KS | 5.26% |
| TENCENT HOLDINGS LTD | 0700.HK | 4.60% |
| MEDIA TEK INC | 2454.TW | 3.01% |
| ALIBABA GROUP HOLDING LTD | 9988.HK | 2.04% |
| CHINA CONSTRUCTION BANK CORP H | 0939.HK | 1.88% |
| HDFC BANK LTD SPON ADR | HDB | 1.83% |
| CREDICORP LTD (USA) | 0U8N.L | 1.62% |
| ICICI BANK LTD SPONS ADR | IBN | 1.51% |
| and 104 more | ||
FFEM seeks to achieve long-term capital growth by fundamentally selecting stocks from emerging markets. The fund includes countries that have an emerging stock market, as defined by MSCI, low- to middle-income economies, as classified by the World Bank, as well as countries with similar characteristics. The adviser considers an issuers domicile, incorporation, primary listing, and location of at least 50% of its assets to determine if it is economically tied to emerging markets. Additionally, issuers must derive at least 50% of their revenues from, classified as part of, or included in an index representing emerging markets. Starting with fundamental analyst research and security recommendations, and reference portfolios managed by Fidelity, a quantitative portfolio construction process is applied to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund is actively managed and includes firms of all sizes.
- Xtrackers MSCI Emerging Markets Climate Selection ETFEMCS · Overlap 56% · Expense ratio 0.15%
- Lazard Emerging Markets Opportunities ETFEMKT · Overlap 55% · Expense ratio 0.74%
- iShares Asia 50 ETFAIA · Overlap 50% · Expense ratio 0.50%
- iShares MSCI All Country Asia ex Japan ETFAAXJ · Overlap 49% · Expense ratio 0.72%
- iShares MSCI Emerging Markets ETFEEM · Overlap 49% · Expense ratio 0.72%
- iShares Currency Hedged MSCI Emerging Markets ETFHEEM · Overlap 49% · Expense ratio 1.51%
- Xtrackers MSCI Emerging Markets Hedged Equity ETFDBEM · Overlap 48% · Expense ratio 0.66%
- iShares ESG Aware MSCI EM ETFESGE · Overlap 48% · Expense ratio 0.25%
Overlap is the share of assets the two funds hold in common.
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