Form of Certification required from Principal Executive Officer and Principal Financial Officer in connection with each Form N

Fidelity® Cloud Computing ETF

Fidelity® Crypto Industry and Digital Payments ETF

Fidelity® Digital Health ETF

Fidelity® Electric Vehicles and Future Transportation ETF

Fidelity® Metaverse ETF

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts

Liquidity Risk Management Program

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-800-FIDELITY to request a free copy of the proxy voting guidelines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by Fidelity Product Services LLC (FPS), and FPS bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the relationship between FPS and any related funds.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Funds. This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Funds nor Fidelity Distributors Corporation is a bank.

Fidelity® Clean Energy ETF

NAV and closing market price average annual returns reflect the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) at NAV and Market Price, respectively, and assumes a constant rate of performance each year. The hypothetical investment and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption or selling of fund shares. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended June 30, 2023	Past 1 year	Life of Fund A
Fidelity® Clean Energy ETF - NAV	0.10%	-9.59%
Fidelity® Clean Energy ETF - Market Price B	-0.25%	-10.23%
Fidelity Clean Energy Index℠	0.36%	-8.71%
MSCI ACWI (All Country World Index) Index	16.97%	-0.17%

A From October 5, 2021

B From October 7, 2021, date initially listed on the CboeBZX Exchange, Inc.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® Clean Energy ETF - NAV, on October 5, 2021, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Clean Energy Index℠ and MSCI ACWI (All Country World Index) Index performed over the same period.

Fidelity® Clean Energy ETF

Market Recap:

U.S. equities gained 19.59% for the 12 months ending June 30, 2023, according to the S&P 500 ® index, as continued global economic expansion, falling commodity prices and a slowing in the pace of inflation provided a favorable backdrop for risk assets. U.S. large-cap stocks spearheaded the rally, which was driven by the shares of a narrow set of mega-cap companies in the information technology and communication services sectors, largely due to exuberance related to artificial intelligence. Aggressive policy tightening by the U.S. Federal Reserve continued amid consistent pressure on core inflation, a measure that excludes food and energy. Since March 2022, the Fed has hiked its benchmark interest rate 10 times, while also shrinking its massive asset portfolio. The latest bump came in early May, a third consecutive raise of a stepped down 25 basis points. In June, the Fed held interest rates steady and signaled it was prepared to raise rates next month if the economy and inflation don't cool more. The S&P 500® gained 6.61% for the month, raising hopes for a "soft landing" of the economy and bringing the index's year-to-date result to 16.89%. June saw the return of market breadth and lower dispersion. Smaller-cap stocks had a particularly strong month, achieving the best result for the category since January. For the full 12 months, value (+20%) topped growth (+18%). By sector, tech (+42%), consumer discretionary and industrials (+25% each) led, while real estate and utilities (-4% each) lagged.

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending June 30, 2023, the exchange-traded fund's (ETF) net asset value returned 0.10% and its market price returned -0.25%, compared with the 0.36% advance of the benchmark Fidelity Clean Energy Index NR. By region, the U.S. gained 14% and contributed most, followed by Asia Pacific ex Japan (+18%). By sector, information technology advanced about 37% and contributed most, driven by the semiconductors & semiconductor equipment industry (+37%). Industrials stocks also helped (+9%), benefiting from the capital goods industry (+9%). In contrast, by region, emerging markets returned -24% and detracted most, followed by Canada (-16%). From a sector standpoint, stocks in the utilities sector returned roughly -15% and detracted. Energy (-9%) also hurt. Turning to individual stocks, the biggest individual contributor was First Solar (+177%), from the semiconductors & semiconductor equipment industry. Also detracting overall were the fund's international holdings, in part due to a foreign exchange impact. SMA Solar Technology (+206%) and Maxeon Solar Technologies (+115%), from the semiconductors & semiconductor equipment group, helped. Other contributors from the capital goods segment were Array Technologies (+104%) and Vestas Wind Systems (+26%). In contrast, the biggest individual detractor was China Longyuan Power (-46%), from the utilities sector. In capital goods, Xinjiang Goldwind S&T (-63%) and Plug Power (-37%) hurt. Jinkosolar Holding, within the semiconductors & semiconductor equipment category, returned -36% and hindered the fund. Another detractor was Northland Power (-28%), a stock in the utilities sector.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization, or Geode Capital Management, LLC, (the ETF's subadviser) or any other person in the Geode organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity and Geode disclaim any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Fidelity® Clean Energy ETF

Top Holdings (% of Fund's net assets)

Vestas Wind Systems A/S	4.1
ORSTED A/S	4.0
Enphase Energy, Inc.	4.0
First Solar, Inc.	3.7
Plug Power, Inc.	3.0
Xinyi Solar Holdings Ltd.	2.8
Northland Power, Inc.	2.5
Shoals Technologies Group, Inc.	2.4
Acciona SA	2.4
EDP Renovaveis SA	2.4
	31.3

Market Sectors (% of Fund's net assets)

Utilities	48.2
Industrials	29.2
Information Technology	21.2
Energy	1.2

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Clean Energy ETF

Showing Percentage of Net Assets

Common Stocks - 99.8%
	Shares	Value ($)
ENERGY - 1.2%
Oil, Gas & Consumable Fuels - 1.2%
Enviva, Inc.	41,906	454,680
INDUSTRIALS - 29.2%
Commercial Services & Supplies - 1.6%
China Everbright International Ltd.	1,618,000	637,983
Construction & Engineering - 2.7%
OX2 AB (a)	73,523	496,221
Xinte Energy Co. Ltd. (H Shares)	249,200	527,872
		1,024,093
Electrical Equipment - 24.9%
Abalance Corp.	6,700	495,541
Array Technologies, Inc. (a)	36,789	831,431
Bloom Energy Corp. Class A (a)	55,556	908,341
CS Wind Corp.	11,495	752,870
Doosan Fuel Cell Co. Ltd. (a)	24,404	531,548
Nordex SE (a)	53,006	643,354
Plug Power, Inc. (a)	110,880	1,152,043
Shoals Technologies Group, Inc. (a)	36,988	945,413
Sunrun, Inc. (a)	48,776	871,139
TPI Composites, Inc. (a)	40,589	420,908
Vestas Wind Systems A/S (a)	59,171	1,573,245
Xinjiang Goldwind Science & Technology Co. Ltd. (H Shares)	651,800	446,643
		9,572,476
TOTAL INDUSTRIALS		11,234,552
INFORMATION TECHNOLOGY - 21.2%
Electronic Equipment, Instruments & Components - 1.8%
Landis+Gyr Group AG	8,003	687,007
Semiconductors & Semiconductor Equipment - 19.4%
Canadian Solar, Inc. (a)	17,924	693,480
Enphase Energy, Inc. (a)	9,157	1,533,614
First Solar, Inc. (a)	7,508	1,427,196
Flat Glass Group Co. Ltd.	211,000	720,242
JinkoSolar Holdings Co. Ltd. ADR (a)	16,143	716,426
Maxeon Solar Technologies Ltd. (a)	18,742	527,775
SMA Solar Technology AG (a)	6,418	783,528
Xinyi Solar Holdings Ltd.	938,000	1,083,238
		7,485,499
TOTAL INFORMATION TECHNOLOGY		8,172,506
UTILITIES - 48.2%
Electric Utilities - 8.6%
Acciona SA	5,503	932,986
ORSTED A/S (b)	16,375	1,547,082
Verbund AG	10,404	833,714
		3,313,782
Independent Power and Renewable Electricity Producers - 39.6%
Atlantica Sustainable Infrastructure PLC	27,202	637,615
Boralex, Inc. Class A	27,551	751,003
Brookfield Renewable Corp.	27,229	859,928
China Datang Corp. Renewable Power Co. Ltd.	1,513,000	505,839
China Longyuan Power Grid Corp. Ltd. (H Shares)	801,000	824,856
Clearway Energy, Inc. Class C	26,255	749,843
Corp. ACCIONA Energias Renovables SA	20,925	699,029
Drax Group PLC	116,689	860,445
EDP Renovaveis SA	45,770	913,562
Encavis AG	43,698	716,310
Enlight Renewable Energy Ltd. (a)	38,634	678,264
ERG SpA	23,826	701,323
Innergex Renewable Energy, Inc.	64,787	604,173
Neoen SA (b)	24,121	763,164
Northland Power, Inc.	45,879	957,972
Ormat Technologies, Inc.	11,084	891,819
ReNew Energy Global PLC (a)	81,174	444,834
RENOVA, Inc. (a)	38,600	432,643
Solaria Energia y Medio Ambiente SA (a)	43,303	663,536
Sunnova Energy International, Inc. (a)	38,191	699,277
TransAlta Renewables, Inc.	61,792	531,414
West Holdings Corp.	21,600	372,715
		15,259,564
TOTAL UTILITIES		18,573,346
TOTAL COMMON STOCKS (Cost $43,100,424)		38,435,084

TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $43,100,424)	38,435,084
NET OTHER ASSETS (LIABILITIES) - 0.2%	68,784
NET ASSETS - 100.0%	38,503,868

Legend

(a)	Non-income producing

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,310,246 or 6.0% of net assets.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.14%	-	3,930,285	3,930,285	996	-	-	-	0.0%
Total	-	3,930,285	3,930,285	996	-	-	-

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of June 30, 2023, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Energy	454,680	454,680	-	-
Industrials	11,234,552	11,234,552	-	-
Information Technology	8,172,506	8,172,506	-	-
Utilities	18,573,346	18,573,346	-	-

Total Investments in Securities:	38,435,084	38,435,084	-	-

Fidelity® Clean Energy ETF

Statement of Assets and Liabilities
				June 30, 2023

Assets
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $43,100,424):			$	38,435,084
Foreign currency held at value (cost $23,697)				23,740
Receivable for investments sold				10,770
Dividends receivable				47,996
Distributions receivable from Fidelity Central Funds				99
Total assets				38,517,689
Liabilities
Payable to custodian bank	$	1,221
Accrued management fee		12,600
Total Liabilities				13,821
Net Assets			$	38,503,868
Net Assets consist of:
Paid in capital			$	46,237,086
Total accumulated earnings (loss)				(7,733,218)
Net Assets			$	38,503,868
Net Asset Value , offering price and redemption price per share ($38,503,868 ÷ 1,850,000 shares)			$	20.81

Statement of Operations
				Year ended June 30, 2023
Investment Income
Dividends			$	471,225
Income from Fidelity Central Funds				996
Income before foreign taxes withheld			$	472,221
Less foreign taxes withheld				(54,132)
Total Income				418,089
Expenses
Management fee	$	150,620
Independent trustees' fees and expenses		180
Total expenses before reductions		150,800
Expense reductions		(127)
Total expenses after reductions				150,673
Net Investment income (loss)				267,416
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Redemptions in-kind		339,151
Unaffiliated issuers		(2,068,472)
Foreign currency transactions		407
Total net realized gain (loss)				(1,728,914)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		(194,650)
Assets and liabilities in foreign currencies		4,558
Total change in net unrealized appreciation (depreciation)				(190,092)
Net gain (loss)				(1,919,006)
Net increase (decrease) in net assets resulting from operations			$	(1,651,590)

Statement of Changes in Net Assets

		Year ended June 30, 2023		For the period October 5, 2021 (commencement of operations) through June 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	267,416	$	144,270
Net realized gain (loss)		(1,728,914)		(1,012,499)
Change in net unrealized appreciation (depreciation)		(190,092)		(4,471,106)
Net increase (decrease) in net assets resulting from operations		(1,651,590)		(5,339,335)
Distributions to shareholders		(306,800)		(145,750)

Share transactions
Proceeds from sales of shares		14,295,218		33,772,796
Cost of shares redeemed		(2,120,671)		-

Net increase (decrease) in net assets resulting from share transactions		12,174,547		33,772,796
Total increase (decrease) in net assets		10,216,157		28,287,711

Net Assets
Beginning of period		28,287,711		-
End of period	$	38,503,868	$	28,287,711

Other Information
Shares
Sold		600,000		1,350,000
Redeemed		(100,000)		-
Net increase (decrease)		500,000		1,350,000

Fidelity® Clean Energy ETF

Years ended June 30,		2023		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	20.95	$	25.12
Income from Investment Operations
Net investment income (loss) B,C		.15		.15
Net realized and unrealized gain (loss)		(.12)		(4.20)
Total from investment operations		.03		(4.05)
Distributions from net investment income		(.17)		(.12)
Total distributions		(.17)		(.12)
Net asset value, end of period	$	20.81	$	20.95
Total Return D,E,F		.10%		(16.12)%
Ratios to Average Net Assets C,G,H
Expenses before reductions		.39%		.39% I
Expenses net of fee waivers, if any		.39%		.39% I
Expenses net of all reductions		.39%		.39% I
Net investment income (loss)		.69%		.90% I
Supplemental Data
Net assets, end of period (000 omitted)	$	38,504	$	28,288
Portfolio turnover rate J,K		37%		30% L

A For the period October 5, 2021 (commencement of operations) through June 30, 2022.

B Calculated based on average shares outstanding during the period.

C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

D Total returns for periods of less than one year are not annualized.

E Based on net asset value.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

I Annualized.

J Portfolio turnover rate excludes securities received or delivered in-kind.

K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

L Amount not annualized.

Fidelity® Cloud Computing ETF

Average Annual Total Returns

Periods ended June 30, 2023	Past 1 year	Life of Fund A
Fidelity® Cloud Computing ETF - NAV	22.51%	-13.63%
Fidelity® Cloud Computing ETF - Market Price B	23.12%	-14.34%
Fidelity Cloud Computing Index℠	23.00%	-13.00%
MSCI ACWI (All Country World Index) Index	16.97%	-0.17%

A From October 5, 2021

B From October 7, 2021, date initially listed on the CboeBZX Exchange, Inc.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® Cloud Computing ETF - NAV, on October 5, 2021, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Cloud Computing Index℠ and MSCI ACWI (All Country World Index) Index performed over the same period.

Fidelity® Cloud Computing ETF

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending June 30, 2023, the exchange traded fund's (ETF) net asset value returned 22.51% and its market price returned 23.12%, roughly in line with the 23.00% advance of the benchmark Fidelity Cloud Computing Index NR. By region, the U.S. gained 23% and contributed most, followed by Europe ex U.K., primarily driven by Germany (+51%). By sector, information technology gained 24% and contributed most, driven by the software & services industry (+26%). Real estate stocks also helped (+8%), benefiting from the equity real estate investment trusts industry (+8%). The consumer discretionary sector rose roughly 19%, boosted by the consumer services industry (+19%). In contrast, emerging markets returned -35% and was a notable detractor. Also detracting overall were the fund's international holdings, in part due to a foreign exchange impact. Turning to individual stocks, the biggest individual contributor was SAP (+53%), from the software & services segment. Also in software & services, Mongodb (+58%), Hubspot (+77%), Workday (+62%), and Nutanix (+93%) all benefited the fund. In contrast, the biggest individual detractor was Zoom Video Communications (-37%), from the software & services industry. Also in software & services, Kingdee International Software Group (-42%), Twilio (-24%), Vnet (-46%), and Liveperson (-59%) all hurt the fund.

Fidelity® Cloud Computing ETF

Top Holdings (% of Fund's net assets)

Oracle Corp.	4.8
SAP SE	4.5
Salesforce, Inc.	4.3
ServiceNow, Inc.	4.3
Equinix, Inc.	3.7
Snowflake, Inc.	3.3
MongoDB, Inc. Class A	3.3
Workday, Inc. Class A	3.2
Digital Realty Trust, Inc.	2.9
VMware, Inc. Class A	2.8
	37.1

Market Sectors (% of Fund's net assets)

Information Technology	93.3
Real Estate	6.6

Asset Allocation (% of Fund's net assets)

Futures - 0.1%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Cloud Computing ETF

Showing Percentage of Net Assets

Common Stocks - 99.9%
	Shares	Value ($)
INFORMATION TECHNOLOGY - 93.3%
IT Services - 11.4%
Digitalocean Holdings, Inc. (a)	10,696	429,337
Fastly, Inc. Class A (a)	23,689	373,576
Kingsoft Cloud Holdings Ltd. (a)	794,000	325,235
MongoDB, Inc. Class A (a)	2,940	1,208,311
Snowflake, Inc. (a)	6,871	1,209,159
Twilio, Inc. Class A (a)	10,690	680,098
		4,225,716
Software - 69.1%
Alteryx, Inc. Class A (a)	10,179	462,127
Atlassian Corp. PLC (a)	5,331	894,595
Box, Inc. Class A (a)	17,794	522,788
C3.ai, Inc. (a)	13,097	477,124
CommVault Systems, Inc. (a)	6,627	481,253
Confluent, Inc. (a)	16,680	588,971
Datadog, Inc. Class A (a)	9,555	940,021
Dropbox, Inc. Class A (a)	25,146	670,644
Dynatrace, Inc. (a)	13,711	705,705
Elastic NV (a)	7,820	501,418
Five9, Inc. (a)	7,958	656,137
GitLab, Inc. (a)	11,560	590,832
HubSpot, Inc. (a)	1,791	952,973
Informatica, Inc. (a)	15,676	290,006
JFrog Ltd. (a)	14,931	413,589
Kingdee International Software Group Co. Ltd. (a)	363,500	486,114
LivePerson, Inc. (a)	55,755	252,013
MicroStrategy, Inc. Class A (a)	1,500	513,630
New Relic, Inc. (a)	7,282	476,534
Nutanix, Inc. Class A (a)	20,147	565,123
Open Text Corp.	17,098	711,959
Oracle Corp.	15,014	1,788,015
Pegasystems, Inc.	8,287	408,549
Sage Group PLC	66,539	782,329
Salesforce, Inc. (a)	7,474	1,578,957
SAP SE	12,067	1,647,480
ServiceNow, Inc. (a)	2,795	1,570,706
SolarWinds, Inc. (a)	25,656	263,231
Splunk, Inc. (a)	7,664	813,074
Teradata Corp. (a)	11,361	606,791
UiPath, Inc. Class A (a)	32,647	540,961
Verint Systems, Inc. (a)	11,702	410,272
VMware, Inc. Class A (a)	7,169	1,030,114
Workday, Inc. Class A (a)	5,170	1,167,851
Zoom Video Communications, Inc. Class A (a)	11,421	775,257
		25,537,143
Technology Hardware, Storage & Peripherals - 12.8%
Hewlett Packard Enterprise Co.	57,374	963,883
NetApp, Inc.	10,970	838,108
Pure Storage, Inc. Class A (a)	19,725	726,275
Seagate Technology Holdings PLC	11,746	726,725
Super Micro Computer, Inc. (a)	3,026	754,231
Western Digital Corp. (a)	18,821	713,881
		4,723,103
TOTAL INFORMATION TECHNOLOGY		34,485,962
REAL ESTATE - 6.6%
Equity Real Estate Investment Trusts (REITs) - 6.6%
Digital Realty Trust, Inc.	9,399	1,070,264
Equinix, Inc.	1,729	1,355,432
		2,425,696
TOTAL COMMON STOCKS (Cost $37,125,287)		36,911,658

Money Market Funds - 0.1%
	Shares	Value ($)
Fidelity Cash Central Fund 5.14% (b) (Cost $13,981)	13,979	13,981

TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $37,139,268)	36,925,639
NET OTHER ASSETS (LIABILITIES) - 0.0%	11,909
NET ASSETS - 100.0%	36,937,548

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
CME E-mini NASDAQ 100 Index Contracts (United States)	1	Sep 2023	30,674	1,196	1,196

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

Legend

(a)	Non-income producing

(b)

Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.14%	-	1,690,166	1,676,185	641	-	-	13,981	0.0%
Total	-	1,690,166	1,676,185	641	-	-	13,981

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Information Technology	34,485,962	34,485,962	-	-
Real Estate	2,425,696	2,425,696	-	-

Money Market Funds	13,981	13,981	-	-
Total Investments in Securities:	36,925,639	36,925,639	-	-
Derivative Instruments:

Assets
Futures Contracts	1,196	1,196	-	-
Total Assets	1,196	1,196	-	-
Total Derivative Instruments:	1,196	1,196	-	-

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of June 30, 2023. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	1,196	0
Total Equity Risk	1,196	0
Total Value of Derivatives	1,196	0

(a)Reflects gross cumulative appreciation (depreciation) on futures contracts as presented in the Schedule of Investments. In the Statement of Assets and Liabilities, the period end daily variation margin is included in receivable or payable for daily variation margin on futures contracts, and the net cumulative appreciation (depreciation) is included in Total accumulated earnings (loss).

Fidelity® Cloud Computing ETF

Statement of Assets and Liabilities
				June 30, 2023

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $37,125,287)	$	36,911,658
Fidelity Central Funds (cost $13,981)		13,981


Total Investment in Securities (cost $37,139,268)			$	36,925,639
Segregated cash with brokers for derivative instruments				1,680
Cash				13,115
Foreign currency held at value (cost $926)				926
Dividends receivable				19,303
Distributions receivable from Fidelity Central Funds				146
Receivable for daily variation margin on futures contracts				474
Other receivables				3,800
Total assets				36,965,083
Liabilities
Payable for investments purchased	$	16,915
Accrued management fee		10,620
Total Liabilities				27,535
Net Assets			$	36,937,548
Net Assets consist of:
Paid in capital			$	41,983,301
Total accumulated earnings (loss)				(5,045,753)
Net Assets			$	36,937,548
Net Asset Value , offering price and redemption price per share ($36,937,548 ÷ 1,900,000 shares)			$	19.44

Statement of Operations
				Year ended June 30, 2023
Investment Income
Dividends			$	140,919
Income from Fidelity Central Funds				641
Total Income				141,560
Expenses
Management fee	$	89,538
Independent trustees' fees and expenses		107
Total expenses before reductions		89,645
Expense reductions		(185)
Total expenses after reductions				89,460
Net Investment income (loss)				52,100
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(3,452,291)
Foreign currency transactions		(7,489)
Futures contracts		6,228
Total net realized gain (loss)				(3,453,552)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		8,600,221
Assets and liabilities in foreign currencies		173
Futures contracts		1,196
Total change in net unrealized appreciation (depreciation)				8,601,590
Net gain (loss)				5,148,038
Net increase (decrease) in net assets resulting from operations			$	5,200,138

Statement of Changes in Net Assets

		Year ended June 30, 2023		For the period October 5, 2021 (commencement of operations) through June 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	52,100	$	55,996
Net realized gain (loss)		(3,453,552)		(1,531,664)
Change in net unrealized appreciation (depreciation)		8,601,590		(8,813,883)
Net increase (decrease) in net assets resulting from operations		5,200,138		(10,289,551)
Distributions to shareholders		(48,880)		(57,350)
Distributions to shareholders from tax return of capital		(14,820)		-

Total Distributions		(63,700)		(57,350)
Share transactions
Proceeds from sales of shares		13,508,181		29,456,208
Cost of shares redeemed		-		(816,378)

Net increase (decrease) in net assets resulting from share transactions		13,508,181		28,639,830
Total increase (decrease) in net assets		18,644,619		18,292,929

Net Assets
Beginning of period		18,292,929		-
End of period	$	36,937,548	$	18,292,929

Other Information
Shares
Sold		750,000		1,200,000
Redeemed		-		(50,000)
Net increase (decrease)		750,000		1,150,000

Fidelity® Cloud Computing ETF

Years ended June 30,		2023		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	15.91	$	25.20
Income from Investment Operations
Net investment income (loss) B,C		.04		.06
Net realized and unrealized gain (loss)		3.53		(9.29)
Total from investment operations		3.57		(9.23)
Distributions from net investment income		(.03)		(.06)
Tax return of capital		(.01)		-
Total distributions		(.04)		(.06)
Net asset value, end of period	$	19.44	$	15.91
Total Return D,E,F		22.51%		(36.69)%
Ratios to Average Net Assets C,G,H
Expenses before reductions		.39%		.39% I
Expenses net of fee waivers, if any		.39%		.39% I
Expenses net of all reductions		.39%		.39% I
Net investment income (loss)		.23%		.41% I
Supplemental Data
Net assets, end of period (000 omitted)	$	36,938	$	18,293
Portfolio turnover rate J,K		38%		31% L

A For the period October 5, 2021 (commencement of operations) through June 30, 2022.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Based on net asset value.

I Annualized.

J Portfolio turnover rate excludes securities received or delivered in-kind.

K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

L Amount not annualized.

Fidelity® Crypto Industry and Digital Payments ETF

Average Annual Total Returns

Periods ended June 30, 2023	Past 1 year	Life of Fund A
Fidelity® Crypto Industry and Digital Payments ETF - NAV	54.94%	-21.80%
Fidelity® Crypto Industry and Digital Payments ETF - Market Price B	56.21%	-15.03%
Fidelity Crypto Industry and Digital Payments Index℠	55.43%	-21.54%
MSCI ACWI (All Country World Index) Index	16.97%	0.92%

A From April 19, 2022

B From April 21, 2022, date initially listed on The Nasdaq Stock Market exchange.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® Crypto Industry and Digital Payments ETF - NAV, on April 19, 2022, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Crypto Industry and Digital Payments Index℠ and MSCI ACWI (All Country World Index) Index performed over the same period.

Fidelity® Crypto Industry and Digital Payments ETF

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending June 30, 2023, the exchange-traded fund's (ETF) net asset value returned 54.94% and its market price returned 56.21%, roughly in line with the 55.43% advance of the benchmark Fidelity Crypto Industry and Digital Payments Net Index. By region, the U.S. gained 59% and contributed most, followed by Canada (+82%). By sector, information technology advanced 123% and contributed most, driven by the software & services industry (+123%). Financials stocks also helped (+19%), benefiting from the financial services industry (+19%). Conversely, emerging markets returned -12% and was a notable detractor. From a sector standpoint, stocks in the consumer discretionary sector returned -57% and detracted. Turning to individual stocks, the biggest individual contributor was Marathon Digital Holdings (+156%), from the software & services industry. Also in software & services, Riot Platforms (+174%), Hut (+143%), and Applied Digital (+360%) helped. Coinbase Global, within the financial services category, gained about 51% and boosted the fund. Conversely, the biggest individual detractor was Bakkt Holdings (-41%), from the financial services segment. Also in financial services, Dlocal (-54%) and Marqeta (-40%) hurt. Bit Digital, within the software & services group, returned roughly -44% and hindered the fund. Another detractor was Mullen Automotive (-57%), a stock in the automobiles & components category.

Fidelity® Crypto Industry and Digital Payments ETF

Top Holdings (% of Fund's net assets)

Coinbase Global, Inc.	16.0
Marathon Digital Holdings, Inc.	13.3
Riot Platforms, Inc.	8.1
Hut 8 Mining Corp.	5.8
Cleanspark, Inc.	4.0
Applied Digital Corp.	3.8
Bit Digital, Inc.	3.5
HIVE Blockchain Technologies Ltd.	3.1
Bitfarms Ltd.	2.9
TeraWulf, Inc.	2.5
	63.0

Market Sectors (% of Fund's net assets)

Information Technology	53.5
Financials	46.5

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Crypto Industry and Digital Payments ETF

Showing Percentage of Net Assets

Common Stocks - 100.0%
	Shares	Value ($)
FINANCIALS - 46.5%
Capital Markets - 19.8%
Bakkt Holdings, Inc. Class A (a)	521,342	641,251
Coinbase Global, Inc. (a)	81,380	5,822,738
Galaxy Digital Holdings Ltd. (a)	177,912	770,403
		7,234,392
Consumer Finance - 0.9%
Green Dot Corp. Class A (a)	17,558	329,037
Financial Services - 25.8%
Cielo SA	548,400	521,799
Dlocal Ltd. (a)	41,828	510,511
Edenred SA	8,126	543,808
FleetCor Technologies, Inc. (a)	2,454	616,150
Flywire Corp. (a)	16,675	517,592
Global Payments, Inc.	5,660	557,623
GMO Payment Gateway, Inc.	5,600	433,943
Marqeta, Inc. Class A (a)	109,657	534,030
MasterCard, Inc. Class A	1,508	593,096
Network International Holdings PLC (a)(b)	89,887	438,370
Nexi SpA (a)(b)	63,371	496,547
Nuvei Corp. (a)(b)	12,709	375,678
Payoneer Global, Inc. (a)	93,834	451,342
Shift4 Payments, Inc. (a)	8,734	593,126
StoneCo Ltd. Class A (a)	42,649	543,348
Visa, Inc. Class A	2,470	586,576
WEX, Inc. (a)	3,304	601,559
Worldline SA (a)(b)	12,956	473,522
		9,388,620
TOTAL FINANCIALS		16,952,049
INFORMATION TECHNOLOGY - 53.5%
IT Services - 1.7%
Shopify, Inc. Class A (a)	9,651	623,455
Software - 51.8%
Applied Digital Corp. (a)	149,024	1,393,374
Bit Digital, Inc. (a)	315,304	1,280,134
Bitfarms Ltd. (a)	728,204	1,070,460
Cipher Mining, Inc. (a)	301,587	862,539
Cleanspark, Inc. (a)	337,880	1,449,505
HIVE Blockchain Technologies Ltd. (a)	243,710	1,128,377
Hut 8 Mining Corp. (a)	642,526	2,120,336
Iris Energy Ltd. (a)	183,765	856,345
Marathon Digital Holdings, Inc. (a)	349,393	4,842,587
Riot Platforms, Inc. (a)	250,473	2,960,591
TeraWulf, Inc. (a)	525,030	918,803
		18,883,051
TOTAL INFORMATION TECHNOLOGY		19,506,506
TOTAL COMMON STOCKS (Cost $27,558,125)		36,458,555

TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $27,558,125)	36,458,555
NET OTHER ASSETS (LIABILITIES) - 0.0%	3,226
NET ASSETS - 100.0%	36,461,781

Legend

(a)	Non-income producing

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,784,117 or 4.9% of net assets.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.14%	-	212,663	212,663	384	-	-	-	0.0%
Total	-	212,663	212,663	384	-	-	-

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Financials	16,952,049	16,952,049	-	-
Information Technology	19,506,506	19,506,506	-	-

Total Investments in Securities:	36,458,555	36,458,555	-	-

Fidelity® Crypto Industry and Digital Payments ETF

Statement of Assets and Liabilities
				June 30, 2023

Assets
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $27,558,125):			$	36,458,555
Cash				585,233
Foreign currency held at value (cost $2,496)				2,483
Distributions receivable from Fidelity Central Funds				67
Total assets				37,046,338
Liabilities
Payable for investments purchased	$	573,951
Accrued management fee		10,602
Other payables and accrued expenses		4
Total Liabilities				584,557
Net Assets			$	36,461,781
Net Assets consist of:
Paid in capital			$	31,924,647
Total accumulated earnings (loss)				4,537,134
Net Assets			$	36,461,781
Net Asset Value , offering price and redemption price per share ($36,461,781 ÷ 1,900,000 shares)			$	19.19

Statement of Operations
				Year ended June 30, 2023
Investment Income
Dividends			$	47,842
Income from Fidelity Central Funds				384
Income before foreign taxes withheld			$	48,226
Less foreign taxes withheld				(4,341)
Total Income				43,885
Expenses
Management fee	$	87,834
Independent trustees' fees and expenses		90
Total expenses before reductions		87,924
Expense reductions		(495)
Total expenses after reductions				87,429
Net Investment income (loss)				(43,544)
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Redemptions in-kind		(18,489)
Unaffiliated issuers		(3,443,187)
Foreign currency transactions		(258)
Futures contracts		5,863
Total net realized gain (loss)				(3,456,071)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		13,810,348
Assets and liabilities in foreign currencies		193
Total change in net unrealized appreciation (depreciation)				13,810,541
Net gain (loss)				10,354,470
Net increase (decrease) in net assets resulting from operations			$	10,310,926

Statement of Changes in Net Assets

		Year ended June 30, 2023		For the period April 19, 2022 (commencement of operations) through June 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	(43,544)	$	(5,137)
Net realized gain (loss)		(3,456,071)		(884,217)
Change in net unrealized appreciation (depreciation)		13,810,541		(4,910,077)
Net increase (decrease) in net assets resulting from operations		10,310,926		(5,799,431)

Share transactions
Proceeds from sales of shares		14,414,125		18,803,995
Cost of shares redeemed		(1,267,834)		-

Net increase (decrease) in net assets resulting from share transactions		13,146,291		18,803,995
Total increase (decrease) in net assets		23,457,217		13,004,564

Net Assets
Beginning of period		13,004,564		-
End of period	$	36,461,781	$	13,004,564

Other Information
Shares
Sold		950,000		1,050,000
Redeemed		(100,000)		-
Net increase (decrease)		850,000		1,050,000

Fidelity® Crypto Industry and Digital Payments ETF

Years ended June 30,		2023		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	12.39	$	25.76
Income from Investment Operations
Net investment income (loss) B,C		(.03)		(.01)
Net realized and unrealized gain (loss)		6.83		(13.36)
Total from investment operations		6.80		(13.37)
Net asset value, end of period	$	19.19	$	12.39
Total Return D,E,F		54.94%		(51.92)%
Ratios to Average Net Assets C,G,H
Expenses before reductions		.39%		.39% I
Expenses net of fee waivers, if any		.39%		.39% I
Expenses net of all reductions		.39%		.39% I
Net investment income (loss)		(.19)%		(.29)% I
Supplemental Data
Net assets, end of period (000 omitted)	$	36,462	$	13,005
Portfolio turnover rate J,K		55%		28% L

A For the period April 19, 2022 (commencement of operations) through June 30, 2022.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Based on net asset value.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

I Annualized.

J Portfolio turnover rate excludes securities received or delivered in-kind.

K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

L Amount not annualized.

Fidelity® Digital Health ETF

Average Annual Total Returns

Periods ended June 30, 2023	Past 1 year	Life of Fund A
Fidelity® Digital Health ETF - NAV	5.98%	-13.07%
Fidelity® Digital Health ETF - Market Price B	6.39%	-13.61%
Fidelity Digital Health Index℠	6.34%	-12.63%
MSCI ACWI (All Country World Index) Index	16.97%	-0.17%

A From October 5, 2021

B From October 7, 2021, date initially listed on the CboeBZX Exchange, Inc.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® Digital Health ETF - NAV, on October 5, 2021, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Digital Health Index℠ and MSCI ACWI (All Country World Index) Index performed over the same period.

Fidelity® Digital Health ETF

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending June 30, 2023, the exchange-traded fund's (ETF) net asset value returned 5.98%, and its market price returned 6.39%, roughly in line with the 6.34% advance of the benchmark Fidelity Digital Health Index NR. By region, the U.S. gained 5% and contributed most, followed by Europe ex U.K. (+18%). By sector, health care gained 7% and contributed most. Industrials stocks also helped (+42%), benefiting from the commercial & professional services industry (+42%). The information technology sector rose roughly 14%, boosted by the software & services industry (+37%). Conversely, emerging markets returned -16% and detracted most, followed by Japan (-10%). Turning to individual stocks, the biggest individual contributor was Intuitive Surgical (+71%), from the health care equipment & services industry. Also in health care equipment & services, Dexcom (+73%), Inspire Medical Systems (+78%), and Insulet (+32%) helped. Zealand Pharma, within the pharmaceuticals, biotechnology & life sciences group, gained 182% and boosted the fund. Conversely, the biggest individual detractor was Tandem Diabetes Care (-59%), from the health care equipment & services segment. Also in health care equipment & services, Multiplan (-80%), American Well (-51%), Nevro (-42%), and Definitive Healthcare (-52%) all hurt the fund.

Fidelity® Digital Health ETF

Top Holdings (% of Fund's net assets)

Intuitive Surgical, Inc.	4.8
DexCom, Inc.	4.7
ResMed, Inc.	4.3
Veeva Systems, Inc. Class A	4.3
Insulet Corp.	4.0
Sonova Holding AG	3.5
Inspire Medical Systems, Inc.	3.2
Fisher & Paykel Healthcare Corp.	3.0
Cochlear Ltd.	2.9
JD Health International, Inc.	2.7
	37.4

Market Sectors (% of Fund's net assets)

Health Care	85.9
Consumer Staples	7.7
Information Technology	3.3
Industrials	2.1
Consumer Discretionary	1.0

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Digital Health ETF

Showing Percentage of Net Assets

Common Stocks - 100.0%
	Shares	Value ($)
CONSUMER DISCRETIONARY - 1.0%
Household Durables - 1.0%
Vuzix Corp. (a)	18,992	96,859
CONSUMER STAPLES - 7.7%
Consumer Staples Distribution & Retail - 7.7%
Alibaba Health Information Technology Ltd. (a)	322,000	193,530
DocMorris AG (a)	3,205	139,786
JD Health International, Inc. (a)(b)	42,200	266,288
Redcare Pharmacy NV (a)(b)	1,552	160,586
		760,190
HEALTH CARE - 85.9%
Biotechnology - 1.6%
Zealand Pharma A/S (a)	4,337	155,436
Health Care Equipment & Supplies - 44.1%
Axonics Modulation Technologies, Inc. (a)	3,836	193,603
Butterfly Network, Inc. Class A (a)	41,314	95,022
Cochlear Ltd.	1,902	290,018
Demant A/S (a)	5,625	237,780
DexCom, Inc. (a)	3,572	459,038
Fisher & Paykel Healthcare Corp.	19,456	292,033
Inspire Medical Systems, Inc. (a)	958	311,005
Insulet Corp. (a)	1,374	396,179
Integra LifeSciences Holdings Corp. (a)	5,149	211,778
Intuitive Surgical, Inc. (a)	1,375	470,166
iRhythm Technologies, Inc. (a)	1,898	197,999
Nevro Corp. (a)	5,067	128,803
ResMed, Inc.	1,954	426,949
Senseonics Holdings, Inc. (a)	148,218	113,105
Sonova Holding AG	1,284	341,864
Tandem Diabetes Care, Inc. (a)	6,654	163,289
		4,328,631
Health Care Providers & Services - 12.6%
Apollo Medical Holdings, Inc. (a)	4,707	148,741
Cigna Group	777	218,026
Corvel Corp. (a)	872	168,732
Hims & Hers Health, Inc. (a)	16,189	152,177
Premier, Inc.	8,057	222,857
R1 RCM, Inc.	11,206	206,751
Well Health Technologies Corp. (a)	34,487	123,796
		1,241,080
Health Care Technology - 27.6%
American Well Corp. (a)	50,367	105,771
CompuGroup Medical AG	2,960	145,580
Computer Programs & Systems, Inc. (a)	4,027	99,427
Definitive Healthcare Corp. (a)	9,887	108,757
Doximity, Inc. (a)	6,917	235,316
Evolent Health, Inc. (a)	6,555	198,617
Health Catalyst, Inc. (a)	10,601	132,513
HealthStream, Inc.	4,989	122,530
JMDC, Inc.	3,600	142,072
Nextgen Healthcare, Inc. (a)	8,472	137,416
Phreesia, Inc. (a)	5,356	166,090
Pro Medicus Ltd.	4,394	191,988
Teladoc Health, Inc. (a)	9,252	234,261
Veeva Systems, Inc. Class A (a)	2,149	424,922
Veradigm, Inc. (a)	12,878	162,263
Yidu Tech, Inc. (a)(b)	146,500	107,492
		2,715,015
TOTAL HEALTH CARE		8,440,162
INDUSTRIALS - 2.1%
Professional Services - 2.1%
Maximus, Inc.	2,406	203,331
INFORMATION TECHNOLOGY - 3.3%
IT Services - 2.1%
Cognizant Technology Solutions Corp. Class A	3,167	206,742
Software - 1.2%
EngageSmart, Inc. (a)	6,137	117,155
TOTAL INFORMATION TECHNOLOGY		323,897
TOTAL COMMON STOCKS (Cost $11,264,664)		9,824,439

TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $11,264,664)	9,824,439
NET OTHER ASSETS (LIABILITIES) - 0.0%	3,713
NET ASSETS - 100.0%	9,828,152

Legend

(a)	Non-income producing

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $534,366 or 5.4% of net assets.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.14%	-	416,614	416,614	152	-	-	-	0.0%
Total	-	416,614	416,614	152	-	-	-

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Consumer Discretionary	96,859	96,859	-	-
Consumer Staples	760,190	760,190	-	-
Health Care	8,440,162	8,440,162	-	-
Industrials	203,331	203,331	-	-
Information Technology	323,897	323,897	-	-

Total Investments in Securities:	9,824,439	9,824,439	-	-

Fidelity® Digital Health ETF

Statement of Assets and Liabilities
				June 30, 2023

Assets
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $11,264,664):			$	9,824,439
Cash				197
Foreign currency held at value (cost $1,128)				1,126
Dividends receivable				5,543
Total assets				9,831,305
Liabilities
Accrued management fee	$	3,153
Total Liabilities				3,153
Net Assets			$	9,828,152
Net Assets consist of:
Paid in capital			$	12,747,754
Total accumulated earnings (loss)				(2,919,602)
Net Assets			$	9,828,152
Net Asset Value , offering price and redemption price per share ($9,828,152 ÷ 500,000 shares)			$	19.66

Statement of Operations
				Year ended June 30, 2023
Investment Income
Dividends			$	34,523
Special dividends				19,416
Income from Fidelity Central Funds				152
Total Income				54,091
Expenses
Management fee	$	37,437
Independent trustees' fees and expenses		49
Total expenses before reductions		37,486
Expense reductions		(259)
Total expenses after reductions				37,227
Net Investment income (loss)				16,864
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(1,145,622)
Foreign currency transactions		9
Total net realized gain (loss)				(1,145,613)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		1,683,678
Assets and liabilities in foreign currencies		35
Total change in net unrealized appreciation (depreciation)				1,683,713
Net gain (loss)				538,100
Net increase (decrease) in net assets resulting from operations			$	554,964

Statement of Changes in Net Assets

		Year ended June 30, 2023		For the period October 5, 2021 (commencement of operations) through June 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	16,864	$	(3,322)
Net realized gain (loss)		(1,145,613)		(485,420)
Change in net unrealized appreciation (depreciation)		1,683,713		(3,123,941)
Net increase (decrease) in net assets resulting from operations		554,964		(3,612,683)
Distributions to shareholders		(15,500)		-

Share transactions
Proceeds from sales of shares		-		13,779,066
Cost of shares redeemed		-		(877,695)

Net increase (decrease) in net assets resulting from share transactions		-		12,901,371
Total increase (decrease) in net assets		539,464		9,288,688

Net Assets
Beginning of period		9,288,688		-
End of period	$	9,828,152	$	9,288,688

Other Information
Shares
Sold		-		550,000
Redeemed		-		(50,000)
Net increase (decrease)		-		500,000

Fidelity® Digital Health ETF

Years ended June 30,		2023		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	18.58	$	25.10
Income from Investment Operations
Net investment income (loss) B,C		.03 D		(.01)
Net realized and unrealized gain (loss)		1.08		(6.51)
Total from investment operations		1.11		(6.52)
Distributions from net investment income		(.03)		-
Total distributions		(.03)		-
Net asset value, end of period	$	19.66	$	18.58
Total Return E,F,G		5.98%		(25.99)%
Ratios to Average Net Assets C,H,I
Expenses before reductions		.39%		.39% J
Expenses net of fee waivers, if any		.39%		.39% J
Expenses net of all reductions		.39%		.39% J
Net investment income (loss)		.18% D		(.05)% J
Supplemental Data
Net assets, end of period (000 omitted)	$	9,828	$	9,289
Portfolio turnover rate K		36%		48% L,M

A For the period October 5, 2021 (commencement of operations) through June 30, 2022.

B Calculated based on average shares outstanding during the period.

D Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.04 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.03)%.

E Total returns for periods of less than one year are not annualized.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Based on net asset value.

H Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

J Annualized.

K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

L Portfolio turnover rate excludes securities received or delivered in-kind.

M Amount not annualized.

Fidelity® Electric Vehicles and Future Transportation ETF

Average Annual Total Returns

Periods ended June 30, 2023	Past 1 year	Life of Fund A
Fidelity® Electric Vehicles and Future Transportation ETF - NAV	7.36%	-14.59%
Fidelity® Electric Vehicles and Future Transportation ETF - Market Price B	7.30%	-15.33%
Fidelity Electric Vehicles and Future Transportation Index℠	7.89%	-13.67%
MSCI ACWI (All Country World Index) Index	16.97%	-0.17%

A From October 5, 2021

B From October 7, 2021, date initially listed on the CboeBZX Exchange, Inc.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® Electric Vehicles and Future Transportation ETF - NAV, on October 5, 2021, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Electric Vehicles and Future Transportation Index℠ and MSCI ACWI (All Country World Index) Index performed over the same period.

Fidelity® Electric Vehicles and Future Transportation ETF

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending June 30, 2023, the exchange-traded fund's (ETF) net asset value returned 7.36% and its market price returned 7.30%, compared with the 7.89% advance of the benchmark Fidelity Electric Vehicles and Future Transportation Index NR. By region, the U.S. gained 9% and contributed most, followed by Europe ex U.K. (+34%). By sector, information technology advanced about 38% and contributed most, driven by the semiconductors & semiconductor equipment industry (+43%). Materials stocks also helped, gaining roughly 13%. In contrast, emerging markets returned -14% and detracted, followed by Canada (-43%). From a sector standpoint, stocks in the industrials sector returned about -20% and detracted most. This group was hampered by the capital goods (-16%) industry. Consumer discretionary (-8%) also hurt, hampered by the automobiles & components industry (-9%). Turning to individual stocks, the biggest individual contributor was Nvidia (+173%), from the semiconductors & semiconductor equipment category. In semiconductors & semiconductor equipment, On Semiconductor (+88%), Renesas Electronics (+107%), and Lattice Semiconductor (+93%) helped. Tesla, within the automobiles & components segment, gained about 16% and boosted the fund. In contrast, the biggest individual detractor was Nio (-55%), from the automobiles & components group. Also in automobiles & components, Xpeng (-60%) and Lucid (-60%) hurt. Wolfspeed, within the semiconductors & semiconductor equipment industry, returned -56% and hindered the fund. Another detractor was Ganfeng Lithium (-41%), a stock in the materials sector.

Fidelity® Electric Vehicles and Future Transportation ETF

Top Holdings (% of Fund's net assets)

Tesla, Inc.	5.2
NXP Semiconductors NV	3.8
Infineon Technologies AG	3.7
Aptiv PLC	3.4
ON Semiconductor Corp.	3.4
Albemarle Corp.	3.4
STMicroelectronics NV (Italy)	3.2
Li Auto, Inc. Class A	3.2
Samsung SDI Co. Ltd.	3.1
NIO, Inc. sponsored ADR	2.9
	35.3

Market Sectors (% of Fund's net assets)

Consumer Discretionary	38.7
Information Technology	32.9
Industrials	17.0
Materials	11.3

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Electric Vehicles and Future Transportation ETF

Showing Percentage of Net Assets

Common Stocks - 99.9%
	Shares	Value ($)
CONSUMER DISCRETIONARY - 38.7%
Automobile Components - 15.5%
Aptiv PLC (a)	18,269	1,865,082
Forvia (a)	41,097	967,130
Gentex Corp.	39,503	1,155,858
Lear Corp.	8,817	1,265,680
Luminar Technologies, Inc. (a)	96,495	663,886
Mobileye Global, Inc.	14,641	562,507
Valeo SA	48,084	1,029,783
Visteon Corp. (a)	6,556	941,507
		8,451,433
Automobiles - 19.9%
Li Auto, Inc. Class A (a)	101,200	1,749,815
Lucid Group, Inc. Class A (a)	140,500	968,045
NIO, Inc. sponsored ADR (a)	166,015	1,608,685
Rivian Automotive, Inc. (a)	77,858	1,297,114
Tesla, Inc. (a)	10,719	2,805,915
XPeng, Inc. Class A (a)	237,500	1,515,326
Yadea Group Holdings Ltd. (b)	380,000	864,099
		10,808,999
Household Durables - 2.6%
Garmin Ltd.	13,755	1,434,509
Specialty Retail - 0.7%
EVgo, Inc. Class A (a)	92,536	370,144
TOTAL CONSUMER DISCRETIONARY		21,065,085
INDUSTRIALS - 17.0%
Electrical Equipment - 14.7%
Ballard Power Systems, Inc. (a)	136,261	597,252
Blink Charging Co. (a)	57,797	346,204
Bloom Energy Corp. Class A (a)	55,272	903,697
ChargePoint Holdings, Inc. Class A (a)	79,704	700,598
Doosan Fuel Cell Co. Ltd. (a)	24,256	528,325
FuelCell Energy, Inc. (a)	250,712	541,538
LG Energy Solution (a)	3,406	1,429,452
Mabuchi Motor Co. Ltd.	23,900	662,754
Plug Power, Inc. (a)	110,308	1,146,100
Sensata Technologies, Inc. PLC	25,202	1,133,838
		7,989,758
Ground Transportation - 1.6%
Lyft, Inc. (a)	87,615	840,228
Machinery - 0.7%
Blue Bird Corp. (a)	16,998	382,115
TOTAL INDUSTRIALS		9,212,101
INFORMATION TECHNOLOGY - 32.9%
Electronic Equipment, Instruments & Components - 3.1%
Samsung SDI Co. Ltd.	3,274	1,662,282
Semiconductors & Semiconductor Equipment - 29.8%
Allegro MicroSystems LLC (a)	17,781	802,634
Ambarella, Inc. (a)	9,568	800,555
Himax Technologies, Inc. sponsored ADR	69,409	468,511
indie Semiconductor, Inc. (a)	47,153	443,238
Infineon Technologies AG	49,431	2,037,716
Lattice Semiconductor Corp. (a)	13,878	1,333,259
Lx Semicon Co. Ltd.	5,754	496,949
NVIDIA Corp.	2,431	1,028,362
NXP Semiconductors NV	10,212	2,090,192
ON Semiconductor Corp. (a)	19,591	1,852,917
Renesas Electronics Corp. (a)	56,400	1,054,171
SiTime Corp. (a)	5,892	695,079
Skyworks Solutions, Inc.	12,405	1,373,109
STMicroelectronics NV (Italy)	35,306	1,754,919
		16,231,611
TOTAL INFORMATION TECHNOLOGY		17,893,893
MATERIALS - 11.3%
Chemicals - 9.2%
Albemarle Corp.	8,248	1,840,046
Ganfeng Lithium Group Co. Ltd. (H Shares) (b)	122,480	798,654
Livent Corp. (a)	39,079	1,071,937
SK IE Technology Co. Ltd. (a)(b)	10,271	754,550
Tianqi Lithium Corp. (H Shares)	77,000	535,991
		5,001,178
Metals & Mining - 2.1%
Allkem Ltd. (a)	107,634	1,147,778
TOTAL MATERIALS		6,148,956
TOTAL COMMON STOCKS (Cost $58,461,337)		54,320,035

TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $58,461,337)	54,320,035
NET OTHER ASSETS (LIABILITIES) - 0.1%	75,349
NET ASSETS - 100.0%	54,395,384

Legend

(a)	Non-income producing

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,417,303 or 4.4% of net assets.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.14%	-	2,474,687	2,474,687	273	-	-	-	0.0%
Total	-	2,474,687	2,474,687	273	-	-	-

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Consumer Discretionary	21,065,085	21,065,085	-	-
Industrials	9,212,101	9,212,101	-	-
Information Technology	17,893,893	17,893,893	-	-
Materials	6,148,956	6,148,956	-	-

Total Investments in Securities:	54,320,035	54,320,035	-	-

Fidelity® Electric Vehicles and Future Transportation ETF

Statement of Assets and Liabilities
				June 30, 2023

Assets
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $58,461,337):			$	54,320,035
Cash				15,788
Foreign currency held at value (cost $1,393)				1,394
Dividends receivable				75,281
Total assets				54,412,498
Liabilities
Accrued management fee	$	17,114
Total Liabilities				17,114
Net Assets			$	54,395,384
Net Assets consist of:
Paid in capital			$	71,489,561
Total accumulated earnings (loss)				(17,094,177)
Net Assets			$	54,395,384
Net Asset Value , offering price and redemption price per share ($54,395,384 ÷ 2,850,000 shares)			$	19.09

Statement of Operations
				Year ended June 30, 2023
Investment Income
Dividends			$	315,221
Income from Fidelity Central Funds				273
Income before foreign taxes withheld			$	315,494
Less foreign taxes withheld				(18,776)
Total Income				296,718
Expenses
Management fee	$	178,867
Independent trustees' fees and expenses		221
Total expenses before reductions		179,088
Expense reductions		(95)
Total expenses after reductions				178,993
Net Investment income (loss)				117,725
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(8,662,665)
Foreign currency transactions		(15,215)
Total net realized gain (loss)				(8,677,880)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		12,015,537
Assets and liabilities in foreign currencies		204
Total change in net unrealized appreciation (depreciation)				12,015,741
Net gain (loss)				3,337,861
Net increase (decrease) in net assets resulting from operations			$	3,455,586

Statement of Changes in Net Assets

		Year ended June 30, 2023		For the period October 5, 2021 (commencement of operations) through June 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	117,725	$	67,784
Net realized gain (loss)		(8,677,880)		(3,782,899)
Change in net unrealized appreciation (depreciation)		12,015,741		(16,156,923)
Net increase (decrease) in net assets resulting from operations		3,455,586		(19,872,038)
Distributions to shareholders		(119,850)		(64,350)

Share transactions
Proceeds from sales of shares		12,741,845		62,232,758
Cost of shares redeemed		-		(3,978,567)

Net increase (decrease) in net assets resulting from share transactions		12,741,845		58,254,191
Total increase (decrease) in net assets		16,077,581		38,317,803

Net Assets
Beginning of period		38,317,803		-
End of period	$	54,395,384	$	38,317,803

Other Information
Shares
Sold		700,000		2,300,000
Redeemed		-		(150,000)
Net increase (decrease)		700,000		2,150,000

Fidelity® Electric Vehicles and Future Transportation ETF

Years ended June 30,		2023		2022 A
Selected Per-Share Data
Net asset value, beginning of period	$	17.82	$	25.20
Income from Investment Operations
Net investment income (loss) B,C		.05		.04
Net realized and unrealized gain (loss)		1.27		(7.39)
Total from investment operations		1.32		(7.35)
Distributions from net investment income		(.05)		(.03)
Total distributions		(.05)		(.03)
Net asset value, end of period	$	19.09	$	17.82
Total Return D,E,F		7.36%		(29.15)%
Ratios to Average Net Assets C,G,H
Expenses before reductions		.39%		.39% I
Expenses net of fee waivers, if any		.39%		.39% I
Expenses net of all reductions		.39%		.39% I
Net investment income (loss)		.26%		.25% I
Supplemental Data
Net assets, end of period (000 omitted)	$	54,395	$	38,318
Portfolio turnover rate J,K		62%		31% L

A For the period October 5, 2021 (commencement of operations) through June 30, 2022.

B Calculated based on average shares outstanding during the period.

D Total returns for periods of less than one year are not annualized.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Based on net asset value.

I Annualized.

J Portfolio turnover rate excludes securities received or delivered in-kind.

K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

L Amount not annualized.

Fidelity® Metaverse ETF

Average Annual Total Returns

Periods ended June 30, 2023	Past 1 year	Life of Fund A
Fidelity® Metaverse ETF - NAV	21.06%	1.75%
Fidelity® Metaverse ETF - Market Price B	21.49%	6.14%
Fidelity Metaverse Index℠	21.68%	2.28%
MSCI ACWI (All Country World Index) Index	16.97%	0.92%

A From April 19, 2022

B From April 21, 2022, date initially listed on The Nasdaq Stock Market exchange.

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® Metaverse ETF - NAV, on April 19, 2022, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the Fidelity Metaverse Index℠ and MSCI ACWI (All Country World Index) Index performed over the same period.

Fidelity® Metaverse ETF

Market Recap:

Comments from the Geode Capital Management, LLC, passive equity index team:

For the fiscal year ending June 30, 2023, the exchange-traded fund's (ETF) net asset value returned 21.06% and its market price returned 21.49%, roughly in line with the 21.68% advance of the benchmark Fidelity Metaverse Net Index. By region, the U.S. gained 48% and contributed most, followed by Canada (+103%). By sector, information technology advanced 51% and contributed most. Communication services stocks also helped (+5%), benefiting from the media & entertainment industry (+5%). The industrials sector rose 103%, boosted by the capital goods industry (+103%). Real estate (+14%) also contributed, lifted by the equity real estate investment trusts industry (+14%). Conversely, emerging markets returned -11% and detracted, followed by Europe ex U.K., specifically Sweden, (-12%). From a sector standpoint, stocks in the consumer discretionary sector returned roughly -21% and detracted most. Also detracting overall were the fund's international holdings, in part due to a foreign exchange impact. Turning to individual stocks, the biggest individual contributor was Nvidia (+177%), from the semiconductors & semiconductor equipment industry. Meta Platforms, within the media & entertainment segment, advanced about 77% and lifted the fund. In technology hardware & equipment, Super Micro Computer (+541%) and Apple (+36%) helped. Another contributor was Adobe (+35%), a stock in the software & services group. Conversely, the biggest individual detractor was GDS Holdings (-68%), from the software & services category. In media & entertainment, Embracer (-67%), Naver (-25%), Bumble (-40%), and Ubisoft Entertainment (-35%) all hurt the fund.

Fidelity® Metaverse ETF

Top Holdings (% of Fund's net assets)

Adobe, Inc.	5.0
NVIDIA Corp.	4.6
Meta Platforms, Inc. Class A	4.6
Tencent Holdings Ltd.	4.5
Samsung Electronics Co. Ltd.	4.4
Alphabet, Inc. Class A	4.2
Nintendo Co. Ltd.	3.9
NetEase, Inc.	3.6
Digital Realty Trust, Inc.	3.4
Electronic Arts, Inc.	3.3
	41.5

Market Sectors (% of Fund's net assets)

Communication Services	57.9
Information Technology	36.9
Real Estate	3.4
Consumer Discretionary	1.4

Asset Allocation (% of Fund's net assets)

Futures - 0.2%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Fidelity® Metaverse ETF

Showing Percentage of Net Assets

Common Stocks - 99.6%
	Shares	Value ($)
COMMUNICATION SERVICES - 57.9%
Entertainment - 38.3%
Capcom Co. Ltd.	7,600	299,457
China Ruyi Holdings Ltd. (a)	680,000	159,661
CMGE Technology Group Ltd. (a)	442,000	98,704
Com2uS Corp.	2,439	112,172
Electronic Arts, Inc.	4,203	545,129
Embracer Group AB (a)	85,438	213,253
GungHo Online Entertainment, Inc.	8,500	166,136
Kakao Games Corp. (a)	6,275	156,440
Koei Tecmo Holdings Co. Ltd.	12,500	214,957
Konami Group Corp.	5,400	280,994
KRAFTON, Inc. (a)	2,002	295,974
NCSOFT Corp.	1,075	240,675
Neowiz (a)	3,456	103,078
NetEase, Inc.	31,000	603,655
Netmarble Corp. (a)(b)	4,093	152,519
Nexon Co. Ltd.	16,900	321,198
Nexon Games Co. Ltd. (a)	7,913	136,022
Nintendo Co. Ltd.	14,400	651,778
Roblox Corp. (a)	9,830	396,149
Square Enix Holdings Co. Ltd.	5,800	268,381
Take-Two Interactive Software, Inc. (a)	3,389	498,725
Ubisoft Entertainment SA (a)	7,966	224,921
WeMade Entertainment Co. Ltd.	4,118	122,041
XD, Inc. (a)	53,800	135,245
		6,397,264
Interactive Media & Services - 19.6%
Alphabet, Inc. Class A (a)	5,871	702,759
Bumble, Inc. (a)	11,870	199,179
Meta Platforms, Inc. Class A (a)	2,665	764,802
NAVER Corp.	3,075	426,600
Snap, Inc. Class A (a)	34,980	414,163
Tencent Holdings Ltd.	17,900	757,425
		3,264,928
TOTAL COMMUNICATION SERVICES		9,662,192
CONSUMER DISCRETIONARY - 1.4%
Household Durables - 0.7%
Vuzix Corp. (a)	22,578	115,148
Leisure Products - 0.7%
Golfzon Co. Ltd.	1,383	121,438
TOTAL CONSUMER DISCRETIONARY		236,586
INFORMATION TECHNOLOGY - 36.9%
IT Services - 2.8%
GDS Holdings Ltd. Class A (a)	142,300	194,295
NEXTDC Ltd. (a)	32,787	274,554
		468,849
Semiconductors & Semiconductor Equipment - 9.0%
ams-OSRAM AG (a)	27,982	201,487
Cirrus Logic, Inc. (a)	3,465	280,700
NVIDIA Corp.	1,826	772,435
Synaptics, Inc. (a)	2,966	253,237
		1,507,859
Software - 18.3%
Adobe, Inc. (a)	1,701	831,767
Bentley Systems, Inc. Class B	7,208	390,890
Dassault Systemes SA	11,773	521,801
Matterport, Inc. (a)	49,401	155,613
Nemetschek SE	3,422	256,261
PTC, Inc. (a)	3,005	427,612
Unity Software, Inc. (a)	10,771	467,677
		3,051,621
Technology Hardware, Storage & Peripherals - 6.8%
Samsung Electronics Co. Ltd.	13,541	741,973
Super Micro Computer, Inc. (a)	1,595	397,554
		1,139,527
TOTAL INFORMATION TECHNOLOGY		6,167,856
REAL ESTATE - 3.4%
Equity Real Estate Investment Trusts (REITs) - 3.4%
Digital Realty Trust, Inc.	4,956	564,340
TOTAL COMMON STOCKS (Cost $15,916,295)		16,630,974

Money Market Funds - 1.7%
	Shares	Value ($)
Fidelity Cash Central Fund 5.14% (c) (Cost $278,050)	277,994	278,050

TOTAL INVESTMENT IN SECURITIES - 101.3% (Cost $16,194,345)	16,909,024
NET OTHER ASSETS (LIABILITIES) - (1.3)%	(220,277)
NET ASSETS - 100.0%	16,688,747

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Equity Index Contracts
CME E-mini NASDAQ 100 Index Contracts (United States)	1	Sep 2023	30,674	1,311	1,311

The notional amount of futures purchased as a percentage of Net Assets is 0.2%

Legend

(a)	Non-income producing

(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $152,519 or 0.9% of net assets.

(c)

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.14%	-	601,452	323,402	569	-	-	278,050	0.0%
Total	-	601,452	323,402	569	-	-	278,050

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	9,662,192	9,662,192	-	-
Consumer Discretionary	236,586	236,586	-	-
Information Technology	6,167,856	6,167,856	-	-
Real Estate	564,340	564,340	-	-

Money Market Funds	278,050	278,050	-	-
Total Investments in Securities:	16,909,024	16,909,024	-	-
Derivative Instruments:

Assets
Futures Contracts	1,311	1,311	-	-
Total Assets	1,311	1,311	-	-
Total Derivative Instruments:	1,311	1,311	-	-

Value of Derivative Instruments

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Equity Risk
Futures Contracts (a)	1,311	0
Total Equity Risk	1,311	0
Total Value of Derivatives	1,311	0

Fidelity® Metaverse ETF