Fidelity Covington Trust - Fidelity Fundamental Emerging Markets ETFFFEM

FidelityInternationalEmerging#93 of 521 by YTD

$37.89

+0.1% last session

+14.6% 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 4, 2026FFEMS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.1%	−12.0%	−9.0%	+14.6%	+16.1%	—	—	+56.9%
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: $67M
Expense ratio: 0.60%
Distribution yield: 1.7%
NAV: $37.74
Volume: 6K
Avg. volume 30D: 9K
High today: $38.13
Low today: $37.85
Previous close: $37.84
52-week high: $45.62
52-week low: $31.51
Our risk indicator: 4/5

FFEM in One Breath

FFEM 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

#34FFEMFidelity+14.6%$67.1M

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

$10,000 in FFEM

$10,000 in FFEM became

$15,867

In the S&P 500 (VOO)

$13,231

Total return, dividends in · Nov 21, 2024 – Nov 4, 2026 · S&P 500 uses VOO

FFEM’s Top Holdings

Today

2330.TWTaiwan Semiconductor Mfg Lt17.6%005930.KS7.9%000660.KS5.7%0700.HK4.6%2454.TW2.5%0939.HK2.0%9988.HK1.9%HDB1.9%IBN1.6%300750.SZ1.5%0U8N.L1.5%1120.SR1.4%LT.BO1.4%AMXB.MX1.4%2308.TW1.1%BHARTIARTL.B1.1%2899.HK1.1%PRIO3.SA1.1%ASX1.1%81211EUROB2628.107 more

2330.TWTaiwan Semiconductor Mfg Lt17.6%005930.KS7.9%000660.KS5.7%0700.HK4.6%2454.TW2.5%0939.HK9988.HKHDBIBN300750U8N.1120.117 more

TechnologyFinancial ServicesConsumer CyclicalCommunication ServicesIndustrialsOther

Fidelity FFEM · 129 holdings · tile size = share of the fund · as of Nov 4, 2026

What FFEM Holds

Today

Technology41.5%

2330.TW 17.6 · 005930.KS 7.9 · 000660.KS 5.7 · 2454.TW 2.5 · 2308.TW 1.1 · ASX 1.1 · 402340.KS

Financial Services19.8%

0939.HK 2.0 · HDB 1.9 · IBN 1.6 · 0U8N.L 1.5 · 1120.SR 1.4 · EUROB.AT 1.0 · 2628.HK

Consumer Cyclical7.8%

9988.HK 1.9 · 81211.HK 1.0 · 6690.HK · M&M.NS · HTHT · ALE.WA · LKNCY

Communication Services8.6%

0700.HK 4.6 · AMXB.MX 1.4 · BHARTIARTL 1.1 · NPN.JO · ETERNAL.BO · MTN.JO

Industrials6.9%

300750.SZ 1.5 · LT.BO 1.4 · ASELS.IS · 1590.TW · 300124.SZ · 3665.TW · 047810.KS

Healthcare5.1%

2359.HK · 3692.HK · RICHT.BD · 207940.KS · MAXHEALTH. · 1548.HK · ONC

Basic Materials4.3%

2899.HK 1.1 · ANG.JO · 2600.HK · SOL.JO · 1208.HK · IMP.JO

Fidelity FFEM · share of the fund by sector · as of Nov 4, 2026

Taiwan’s Share of FFEM

Today

17.6%

$176 of every $1,000 in FFEM is Taiwan

Taiwan held by FFEM

$11.8M

Fidelity FFEM · each square = $10 of $1,000 · as of Nov 4, 2026

FFEM’s Share of Emerging ETFs

Today

0.0%

of the $457B in 133 Emerging ETFs

FFEM$67.1M0.0%

IEMG$146B32.0%

VWO$125B27.4%

130 others$186B40.6%

Emerging ETF AUM · Nov 4, 2026

FFEM Fee per $100 vs Peers

Today

$0.60a year
per $100

$60 a year on $10,000

VWO$0.06

IEMG$0.09

EMXC$0.25

AVEM$0.33

FFEM$0.60

EEM$0.72

Expense ratio · Emerging peers · Nov 4, 2026

Inside FFEM

129 holdings · as of Nov 4, 2026

FFEM

Fidelity Covington Trust - Fidelity Fundamental Emerging Markets ETF

Today

Technology41.5%2330.TWTaiwan Semiconductor MFG LT17.6%005930.KS7.9%000660.KS5.7%2454.TW2.5%ASX4 moreFinancial Services19.8%0939.HK2.0%HDB1.9%IBNBBCA.JFSR.JOPKO.WANU OTP.B8 moreConsumer Cyclical7.8%MMYTCommunication Services8.6%0700.HK4.6%AMXB.MNPN.JIndustrials6.9%LT.BOHAL.BHealthcare5.1%Basic Materials4.3%ANG.JOSOL.JIMP.JEnergy3.1%Consumer Defensive2.9%TBBBFMXSBSEBR

Technology41.5%2330.TWTaiwan Semiconductor MFG LT17.6%005930.KS7.9%000660.KS5.7%11 moreFinancial Services19.8%HDBIBN16 moreConsumer Cyclical7.8%5 moreCommunication Services8.6%0700.HK4.6%AMXB.NPN.JIndustrials6.9%LT.BOHealthcare5.1%Basic Materials4.3%ANG.JConsumer Defensive2.9%TBBB

#	Ticker	Company	Weight ▼
1	2330.TW	Taiwan Semiconductor MFG LT	17.63%
2	005930.K	Samsung Electronics	7.95%
3	000660.K	SK Hynix	5.69%
4	0700.HK	Tencent	4.60%
5	2454.TW	Media TEK	2.46%
6	0939.HK	China Construction Bank H	1.98%
7	9988.HK	Alibaba Group	1.89%
8	HDB	Hdfc Bank	1.87%
9	IBN	Icici Bank Spons	1.61%
10	300750.S	Contemporary Amperex TEC A	1.53%

TechnologyFinancial ServicesConsumer CyclicalCommunication ServicesIndustrialsHealthcareBasic MaterialsEnergyConsumer DefensiveUtilitiesReal EstateOther

Fidelity FFEM · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 59.5%

How It Compares

FFEM

Fidelity Covington Trust - Fidelity Fundamental 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
FFEM	FidelityThis fundRead Desk	0.60%	+14.6%	+16.1%	$67M

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

Head to Head

Put FFEM head to head with IEMG →

IEMG vs FFEM

YTD

IEMGiShares · EmergingFFEMFidelity · Emerging

Year to date

+11.4%

+14.6%

FFEM wins+3.2 pts

Past year

+11.6%

+16.1%

FFEM wins+4.5 pts

Fee

0.09%

0.60%

IEMG winslower fee

Yield

2.4%

1.7%

IEMG wins+0.7 pts

AUM

$146B

$67.1M

IEMG2178.8× more

2–2level

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

FFEM vs VOO

YTD

FFEM · Fidelity Covington Trust - Fidelity Fundamental Emerging Markets

+14.6%

VOO · S&P 500

+11.5%

Gap

3.1 pts

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

FFEM vs Its Peer Average

YTD

FFEMAvsBPeer average

1D+0.1%−0.3%

1M−12.0%−8.9%

3M−9.0%−6.0%

YTD+14.6%+11.8%

1Y+16.1%+13.2%

3Y[…]+72.0%

5Y[…]+38.9%

3–2FFEM wins

132 Emerging peers · each row scaled to its leader

The Details

FFEM

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y27.27%

Deepest drop · 1Y−16.6%

Lowest point · 5Y−10.9%

52-week range

$37.89

$31.51−16.9% from the high$45.62

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

FFEM

Fund Facts

Today

2024launched Nov 19

Tracks[…]

Exchange · CUSIPCBOE · 31609A867

StructureETF

Leverage1x

Cost on $10,000$60 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

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

FFEM

Payouts by Year

$0.19per share, Sep 2026

Distribution yield1.7%

PaidEvery quarter

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

8 payouts added up$1.02 a share

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

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-07-31 ↗SEC reported portfolio · 2026-04-30 ↗SEC reported portfolio · 2026-01-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-10-31 ↗SEC reported portfolio · 2025-07-31 ↗SEC reported portfolio · 2025-04-30 ↗SEC reported portfolio · 2025-01-31 ↗summary prospectus · SEC 497K ↗

Trading & Liquidity

Net asset value$37.74

Premium / discount[…]

Median spread · 30D[…]

Volume today6K

Average volume · 30D9K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.60%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$60.00

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	$0.19
Jun 18, 2026	Jun 23, 2026	$0.17
Mar 20, 2026	Mar 24, 2026	$0.0850
Dec 19, 2025	Dec 23, 2025	$0.20
Sep 19, 2025	Sep 23, 2025	$0.0940
Jun 20, 2025	Jun 24, 2025	$0.17
Mar 21, 2025	Mar 25, 2025	$0.0720
Dec 20, 2024	Dec 24, 2024	$0.0390

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