0001752724-21-237059.txt : 20211112 0001752724-21-237059.hdr.sgml : 20211112 20211112163919 ACCESSION NUMBER: 0001752724-21-237059 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210831 FILED AS OF DATE: 20211112 DATE AS OF CHANGE: 20211112 EFFECTIVENESS DATE: 20211112 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 SEC ACT: 1940 Act SEC FILE NUMBER: 811-07319 FILM NUMBER: 211404265 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0000945908 S000062078 Fidelity High Yield Factor ETF C000201027 Fidelity High Yield Factor ETF FDHY 0000945908 S000072125 Fidelity Preferred Securities & Income ETF C000227886 Fidelity Preferred Securities & Income ETF FPFD N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000945908 XXXXXXXX 811-07319 false false false N-1A S000062078 C000201027 S000072125 C000227886 FIDELITY COVINGTON TRUST 811-07319 0000945908 549300JFYFTF85QAQR28 245 SUMMER STREET BOSTON 02210 US-MA US 1-800-FIDELITY State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Custody and Accounting Records. Fidelity Service Company 245 Summer Street Boston 02210 1-800-FIDELITY Books and Records of the Fund as required to be maintained by the Investment Company Act N N N-1A 35 Y David M. Thomas N/A N Thomas P. Bostick N/A N Vicki L. Fuller N/A N Patricia L. Kampling N/A N Susan Tomasky N/A N Bettina Doulton N/A Y Michael E. Wiley N/A N Thomas A. Kennedy N/A N Oscar Munoz N/A N Robert A. Lawrence N/A Y Dennis J. Dirks N/A N Donald F. Donahue N/A N Garnett A. Smith N/A N Jason P. Pogorelec 007269504 245 SUMMER STREET BOSTON 2210 XXXXXX N N N N N N N Fidelity Distributors Company LLC 8-35097 000017507 00000000000000000000 Y Y PricewaterhouseCoopers LLP 238 5493002GVO7EO8RNNS37 N N N N N N N Fidelity High Yield Factor ETF S000062078 549300D7SA33P7KJDO35 N 0 0 0 Exchange-Traded Fund N N Y N N/A N/A N/A Rule 17e-1 (17 CFR 270.17e-1) Rule 6c-11 (17 CFR 270.6c-11) Rule 17a-6 (17 CFR 270.17a-6) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK N Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP N FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB N State Street Bank and Trust Company 85-05003 571474TGEMMWANRLN572 N N N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N ICE Data Services, Inc. 13-3668779 Tax ID N Bloomberg L.P. 549300B56MD0ZC402L06 N N Euroclear Bank 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N N Fidelity Service Company, Inc. 549300LT256P1KNTYF28 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N 0.00000000 Wells Fargo Securities, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 24457653.75000000 Goldman Sachs & Co. 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Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 228722649.41000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 65691606.95000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 33443052.80000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 19771358.00000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 141907772.85000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 91002463.46000000 844817508.30000000 N 202890596.58538461 Uncommitted 500000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 400000000.00000000 N N N Fidelity Preferred Securities & Income ETF S000072125 549300ECXORNOGQYEX95 Y 0 0 0 Exchange-Traded Fund Y N Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 6c-11 (17 CFR 270.6c-11) Rule 17e-1 (17 CFR 270.17e-1) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 2021-06-15 Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB State Street Bank and Trust Company 85-05003 571474TGEMMWANRLN572 N N Y Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Services, Inc. 13-3668779 Tax ID N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Y State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Y State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Y State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y Fidelity Service Company, Inc. 549300LT256P1KNTYF28 Y N Y Stifel, Nicolaus & Company, Incorporated 8-1447 000000793 5WUVMA08EYG4KEUPW589 39.00000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 23.68000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 117.46000000 National Financial Services LLC 8-26740 000013041 549300JRHF1MHHWUAW04 72.74000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 170.37000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 212.03000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 17.29000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 181.66000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 60.79000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 22.16000000 924.72000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 263234.40000000 Morgan Stanley & Co. 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Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 1342021.45000000 4049787.20000000 Y 5455410.92666666 Uncommitted 150000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 400000000.00000000 N N N Fidelity High Yield Factor ETF S000062078 Y 50000.00000000 4.28129032 5.42289943 95.71870967 5.42289943 2.85000000 0.12727922 97.15000000 0.12727922 0.00000000 500.00000000 0.03502579 0.00000000 500.00000000 0.30001695 0.00000000 500.00000000 0.00000000 0.00000000 500.00000000 0.00000000 N Fidelity Preferred Securities & Income ETF S000072125 N 50000.00000000 100.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.07400006 0.00000000 0.00000000 0.07400006 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N true INTERNAL CONTROL RPT 2 NCEN_811-07319_56271560_0821.htm Converted by EDGARwiz

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Covington Trust and Shareholders of Fidelity High Yield Factor ETF and Fidelity Preferred Securities & Income ETF

In planning and performing our audits of the financial statements of Fidelity High Yield Factor ETF and Fidelity Preferred Securities & Income ETF (two of the funds constituting Fidelity Covington Trust, hereafter referred to as the "Funds") as of and for the period ended August 31, 2021, 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 do not express an opinion on the effectiveness of the Funds’ internal control over financial reporting.

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 company’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 company’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 company; (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 company are being made only in accordance with authorizations of management and trustees of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’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 the company'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 over financial reporting 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 over safeguarding securities that we consider to be material weaknesses as defined above as of August 31, 2021.

This report is intended solely for the information and use of the Board of 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/ PricewaterhouseCoopers LLP
Boston, Massachusetts

October 15, 2021