0001752724-18-001102.txt : 20181017 0001752724-18-001102.hdr.sgml : 20181017 20181016173806 ACCESSION NUMBER: 0001752724-18-001102 CONFORMED SUBMISSION TYPE: N-CEN/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180731 FILED AS OF DATE: 20181017 DATE AS OF CHANGE: 20181016 EFFECTIVENESS DATE: 20181017 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY COVINGTON TRUST CENTRAL INDEX KEY: 0000945908 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-07319 FILM NUMBER: 181125085 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175637000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0000945908 S000042570 Fidelity MSCI Consumer Discretionary Index ETF C000131662 Fidelity MSCI Consumer Discretionary Index ETF FDIS 0000945908 S000042571 Fidelity MSCI Utilities Index ETF 0000945908 S000042572 Fidelity MSCI Consumer Staples Index ETF 0000945908 S000042574 Fidelity MSCI Financials Index ETF 0000945908 S000042575 Fidelity MSCI Health Care Index ETF 0000945908 S000042576 Fidelity MSCI Industrials Index ETF 0000945908 S000042577 Fidelity MSCI Information Technology Index ETF 0000945908 S000042578 Fidelity MSCI Materials Index ETF 0000945908 S000042579 Fidelity MSCI Telecommunication Services Index ETF 0000945908 S000047984 Fidelity MSCI Real Estate Index ETF 0000945908 S000054749 Fidelity High Dividend ETF 0000945908 S000054750 Fidelity Dividend ETF for Rising Rates 0000945908 S000054751 Fidelity Low Volatility Factor ETF 0000945908 S000054752 Fidelity Momentum Factor ETF 0000945908 S000054753 Fidelity Quality Factor ETF 0000945908 S000054754 Fidelity Value Factor ETF N-CEN/A 1 primary_doc.xml X0101 N-CEN/A 0001752724-18-001043 LIVE 945908 XXXXXXXX 811-07319 N-1A S000042573 C000131665 S000042575 C000131667 S000054750 C000171931 S000047984 C000151119 S000042578 C000131670 S000054751 C000171932 S000054754 C000171935 S000054752 C000171933 S000042579 C000131671 S000042571 C000131663 S000042576 C000131668 S000054749 C000171930 S000042574 C000131666 S000042577 C000131669 S000042572 C000131664 S000054753 C000171934 S000042570 C000131662 FIDELITY COVINGTON TRUST 811-07319 0000945908 549300JFYFTF85QAQR28 245 SUMMER STREET BOSTON 02210 US-MA US 617-563-7000 State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Custody and Accounting Records. 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S000054750 N 50000.00000000 1.40615384 0.92223351 98.59384615 0.92223351 0.41500000 0.31819805 99.58500000 0.31819805 0.00000000 650.00000000 0.00000000 0.00000000 650.00000000 0.00000000 0.00000000 325.00000000 0.00000000 0.00000000 325.00000000 0.00000000 N Fidelity Quality Factor ETF S000054753 N 50000.00000000 0.63684210 0.10640867 99.36315789 0.10640867 0.97500000 0.47696960 99.02500000 0.47696960 0.00000000 473.68421052 0.00000000 0.00000000 473.68421052 0.00000000 0.00000000 250.00000000 0.00000000 0.00000000 250.00000000 0.00000000 N Fidelity MSCI Real Estate Index ETF S000047984 N 50000.00000000 1.43367346 0.47232783 98.56632653 0.47232783 1.38800000 0.37183329 98.61200000 0.37183329 0.00000000 425.51020408 0.00000000 0.00000000 425.51020408 0.00000000 0.00000000 425.00000000 0.00000000 0.00000000 425.00000000 0.00000000 N Fidelity MSCI Consumer Staples Index ETF S000042572 N 50000.00000000 0.39000000 0.29935017 99.61000000 0.29935017 0.27333333 0.06445171 99.72666666 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98.59565217 1.13407162 0.54000000 0.00000000 99.46000000 0.00000000 0.00000000 650.00000000 0.00000000 0.00000000 650.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Fidelity MSCI Utilities Index ETF S000042571 N 50000.00000000 0.29148148 0.23835448 99.70851851 0.23835448 0.21000000 0.11544695 99.79000000 0.11544695 0.00000000 276.85185185 0.00000000 0.00000000 276.85185185 0.00000000 0.00000000 275.00000000 0.00000000 0.00000000 275.00000000 0.00000000 N true INTERNAL CONTROL RPT 2 NCEN_4401821980495859.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Trustees of Fidelity Covington Trust and Fidelity MSCI Consumer Discretionary Index ETF, Fidelity MSCI Consumer Staples Index ETF, Fidelity MSCI Energy Index ETF, Fidelity MSCI Financials Index ETF, Fidelity MSCI Health Care Index ETF, Fidelity MSCI Industrials Index ETF, Fidelity MSCI Information Technology Index ETF, Fidelity MSCI Materials Index ETF, Fidelity MSCI Real Estate Index ETF, Fidelity MSCI Telecommunication Services Index ETF, and the Fidelity MSCI Utilities Index ETF: In planning and performing our audits of the financial statements of Fidelity MSCI Consumer Discretionary Index ETF, Fidelity MSCI Consumer Staples Index ETF, Fidelity MSCI Energy Index ETF, Fidelity MSCI Financials Index ETF, Fidelity MSCI Health Care Index ETF, Fidelity MSCI Industrials Index ETF, Fidelity MSCI Information Technology Index ETF, Fidelity MSCI Materials Index ETF, Fidelity MSCI Real Estate Index ETF, Fidelity MSCI Telecommunication Services Index ETF, and Fidelity MSCI Utilities Index ETF (the "Funds"), each a fund of Fidelity Covington Trust, as of and for the year ended July 31, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management of the fund and trustees of the trust; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a fund's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of July 31, 2018. This report is intended solely for the information and use of management, the Trustees of Fidelity Covington Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ Deloitte & Touche LLP Boston, Massachusetts September 18, 2018