Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETFFEMR

FidelityInternationalEmerging#62 of 521 by YTD

$37.50

−0.3% last session

+17.0% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026FEMRS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.3%	−11.3%	−6.6%	+17.0%	+18.7%	—	—	+55.9%
Peer average	−0.3%	−8.9%	−6.0%	+11.8%	+13.2%	+72.0%	+38.9%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $202M
Expense ratio: 0.38%
Distribution yield: 2.0%
NAV: $37.23
Volume: 24K
Avg. volume 30D: 39K
High today: $37.67
Low today: $37.40
Previous close: $37.62
52-week high: $44.41
52-week low: $30.36
Our risk indicator: 4/5

FEMR in One Breath

FEMR Among Emerging ETFs

YTD

#1EMEQNomura+47.2%$608M

#2FTHFFirst Trust+31.3%$136M

#3PIEInvesco+28.7%$247M

#4STXEStrive+27.3%$132M

#5KEMXKraneShares+26.7%$125M

#6EMXCiShares+24.2%$25.5B

#7EVLUiShares+23.1%$18.7M

#8OAEMOneAscent+22.9%$129M

#23FEMRFidelity+17.0%$202M

End-of-day Nov 4, 2026 · 113 Emerging ETFs by YTD

$10,000 in FEMR

$10,000 in FEMR became

$15,593

In the S&P 500 (VOO)

$13,020

Total return, dividends in · Nov 21, 2024 – Nov 3, 2026 · S&P 500 uses VOO

FEMR’s Top Holdings

Today

2330.TWTaiwan Semiconductor Mfg Lt14.8%005930.KS7.4%000660.KS4.6%2454.TW2.1%0700.HK2.0%2317.TW1.4%PBR1.3%005935.KS1.2%9988.HK1.2%0939.HK1.1%3711.TW1.1%2308.TW1.1%1303.TW1.1%NU1.0%2222.SR0.9%1120.SR0.9%2885.TW0.8%2890.TW0.8%009150.KS0.8%EMBJ0.8%1398.HK0.8%PTT-R

TechnologyFinancial ServicesConsumer CyclicalEnergyIndustrialsOther

Fidelity FEMR · 171 holdings · top 22 shown · tile size = share of the fund · as of Nov 3, 2026

What FEMR Holds

Today

Technology45.7%

2330.TW 14.8 · 005930.KS 7.4 · 000660.KS 4.6 · 2454.TW 2.1 · 2317.TW 1.4 · 005935.KS 1.2 · 3711.TW 1.1

Financial Services14.7%

0939.HK 1.1 · NU 1.0 · 1120.SR · 2885.TW · 2890.TW · 1398.HK · BAJFINANCE

Consumer Cyclical5.9%

9988.HK 1.2 · JD · BAJAJ-AUTO · VBBR3.SA · NYKAA.BO · 600741.SS · 0175.HK

Energy5.7%

PBR 1.3 · 2222.SR · PTT-R.BK · PTTEP-R.BK · 0857.HK · MOH.AT · 601857.SS

Industrials4.7%

EMBJ · 034730.KS · 0267.HK · ICTEF · SCC-R.BK · 009540.KS · 267250.KS

Healthcare4.2%

603259.SS · 2269.HK · AUROPHARMA · 6446.TW · 6160.HK · 300759.SZ · DIVISLAB.B

Communication Services3.9%

0700.HK 2.0 · AMXB.MX · ADVANC-R.B · 2412.TW

Fidelity FEMR · share of the fund by sector · as of Nov 3, 2026

Taiwan’s Share of FEMR

Today

14.8%

$148 of every $1,000 in FEMR is Taiwan

Taiwan held by FEMR

$30.0M

Fidelity FEMR · each square = $10 of $1,000 · as of Nov 3, 2026

FEMR’s Share of Emerging ETFs

Today

0.0%

of the $457B in 133 Emerging ETFs

FEMR$202M0.0%

IEMG$146B32.0%

VWO$125B27.4%

130 others$185B40.6%

Emerging ETF AUM · Nov 4, 2026

FEMR Fee per $100 vs Peers

Today

$0.38a year
per $100

$38 a year on $10,000

VWO$0.06

IEMG$0.09

EMXC$0.25

AVEM$0.33

FEMR$0.38

EEM$0.72

Expense ratio · Emerging peers · Nov 4, 2026

Inside FEMR

171 holdings · as of Nov 3, 2026

FEMR

Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETF

Today

Technology45.7%2330.TWTaiwan Semiconductor MFG LT14.8%005930.KS7.4%000660.KS4.6%14 moreFinancial Services14.7%NUOTP.BSBK.J8 moreConsumer Cyclical5.9%JDTMCV.Energy5.7%PBRMOH.AIndustrials4.7%EMBJICTEFHealthcare4.2%Communication Services3.9%AMXB.MSHP.JOther11.2%

Technology45.7%2330.TW14.8%005930.KS7.4%000660.KS4.6%22 moreFinancial Services14.7%NU16 moreConsumer Cyclical5.9%JDEnergy5.7%PBRMOH.AIndustrials4.7%EMBJICTEFHealthcare4.2%Communication Services3.9%Other11.2%

#	Ticker	Company	Weight ▼
1	2330.TW	Taiwan Semiconductor MFG LT	14.85%
2	005930.K	Samsung Electronics	7.39%
3	000660.K	SK Hynix	4.61%
4	2454.TW	Media TEK	2.06%
5	0700.HK	Tencent	2.00%
6	2317.TW	HON HAI Precision IND	1.41%
7	PBR	Petroleo Brasileiro - Petro	1.33%
8	005935.K	Samsung Electronics PFD	1.18%
9	9988.HK	Alibaba Group	1.17%
10	0939.HK	China Construction Bank H	1.14%

TechnologyFinancial ServicesConsumer CyclicalEnergyIndustrialsHealthcareCommunication ServicesBasic MaterialsConsumer DefensiveReal EstateUtilitiesOther

Fidelity FEMR · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 46.5%

How It Compares

FEMR

Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETF’s Peers

YTD


IEMG	iSharesRead Desk	0.09%	+11.4%	+11.6%	$146.2B
VWO	VanguardRead Desk	0.06%	+3.2%	+3.0%	$125.4B
EEM	iSharesRead Desk	0.72%	+12.3%	+12.6%	$28.3B
AVEM	AvantisRead Desk	0.33%	+12.9%	+13.9%	$26.8B
EMXC	iSharesRead Desk	0.25%	+24.2%	+27.3%	$25.5B
FEMR	FidelityThis fundRead Desk	0.38%	+17.0%	+18.7%	$202M

Emerging peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FEMR head to head with IEMG →

IEMG vs FEMR

YTD

IEMGiShares · EmergingFEMRFidelity · Emerging

Year to date

+11.4%

+17.0%

FEMR wins+5.6 pts

Past year

+11.6%

+18.7%

FEMR wins+7.2 pts

Fee

0.09%

0.38%

IEMG winslower fee

Yield

2.4%

2.0%

IEMG wins+0.4 pts

AUM

$146B

$202M

IEMG724.1× more

2–2level

iShares IEMG and Fidelity FEMR · year-to-date · as of Nov 4, 2026 · AUM not scored

FEMR vs VOO

YTD

FEMR · Fidelity Covington Trust - Fidelity Enhanced Emerging Markets

+17.0%

VOO · S&P 500

+11.5%

Gap

5.5 pts

Fidelity FEMR and Vanguard VOO · YTD total return · as of Nov 4, 2026

FEMR vs Its Peer Average

YTD

FEMRAvsBPeer average

1D−0.3%−0.3%

1M−11.3%−8.9%

3M−6.6%−6.0%

YTD+17.0%+11.8%

1Y+18.7%+13.2%

3Y[…]+72.0%

5Y[…]+38.9%

2–3Peer average wins

132 Emerging peers · each row scaled to its leader

The Details

FEMR

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y26.45%

Deepest drop · 1Y−15.5%

Lowest point · 5Y−9.6%

52-week range

$37.50

$30.36−15.6% from the high$44.41

Fidelity FEMR · past-year price moves · as of Nov 4, 2026

FEMR

Fund Facts

Today

2024launched Nov 19

Tracks[…]

Exchange · CUSIPAMEX · 31609A800

StructureETF

Leverage1x

Cost on $10,000$38 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Fidelity FEMR · fund facts · as of Nov 4, 2026

FEMR

Payouts by Year

$0.29per share, Sep 2026

Distribution yield2.0%

PaidEvery quarter

Latest ex-date · paidSep 18 · Sep 22, 2026

8 payouts added up$1.33 a share

Fidelity FEMR · distributions by ex-date · 2024–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗SEC reported portfolio · 2024-12-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$37.23

Premium / discount[…]

Median spread · 30D[…]

Volume today24K

Average volume · 30D39K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.38%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$38.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 18, 2026	Sep 22, 2026	$0.29
Jun 18, 2026	Jun 23, 2026	$0.25
Mar 20, 2026	Mar 24, 2026	$0.0760
Dec 19, 2025	Dec 23, 2025	$0.14
Sep 19, 2025	Sep 23, 2025	$0.15
Jun 20, 2025	Jun 24, 2025	$0.25
Mar 21, 2025	Mar 25, 2025	$0.0910
Dec 20, 2024	Dec 24, 2024	$0.0900

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