0001752724-23-201817.txt : 20230913 0001752724-23-201817.hdr.sgml : 20230913 20230913160600 ACCESSION NUMBER: 0001752724-23-201817 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230913 DATE AS OF CHANGE: 20230913 EFFECTIVENESS DATE: 20230913 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: 231252747 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 S000073597 Fidelity Clean Energy ETF C000230602 Fidelity Clean Energy ETF FRNW 0000945908 S000073598 Fidelity Cloud Computing ETF C000230603 Fidelity Cloud Computing ETF FCLD 0000945908 S000073599 Fidelity Digital Health ETF C000230604 Fidelity Digital Health ETF FDHT 0000945908 S000073600 Fidelity Electric Vehicles and Future Transportation ETF C000230605 Fidelity Electric Vehicles and Future Transportation ETF FDRV 0000945908 S000075902 Fidelity Crypto Industry and Digital Payments ETF C000235243 Fidelity Crypto Industry and Digital Payments ETF FDIG 0000945908 S000075903 Fidelity Metaverse ETF C000235244 Fidelity Metaverse ETF FMET N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0000945908 XXXXXXXX 811-07319 true false false N-1A S000075902 true S000073600 true S000073598 true S000075903 true S000073597 true S000073599 true Fidelity Covington Trust 811-07319 0000945908 549300JFYFTF85QAQR28 245 Summer Street Boston 02210 US-MA US 1-800-FIDELITY Fidelity Service Company 245 Summer Street BOST 02210 1-800-FIDELITY Books and Records of the Fund as required to be maintained by the Investment Company Act N N N-1A 48 Y OSCAR MUNOZ N/A N ROBERT A LAWRENCE N/A Y THOMAS A KENNEDY N/A N BETTINA DOULTON N/A Y VICKI L FULLER N/A N THOMAS P BOSTICK N/A N PATRICIA L KAMPLING N/A N DENNIS J DIRKS N/A N DONALD F DONAHUE N/A N MICHAEL E WILEY N/A N SUSAN TOMASKY N/A N DAVID M THOMAS N/A N JASON POGORELEC 007269504 245 SUMMER STREET BOSTON 02210 XXXXXX N N N N N N N Fidelity Distributors Company LLC 8-35097 000017507 N/A Y N Deloitte & Touche LLP 34 N/A N N N N N N N Fidelity Crypto Industry and Digital Payments ETF S000075902 5493000W2GFOGPRX0Z53 N 1 0 0 Exchange-Traded Fund Y Y 0.11992400 -0.48553300 0.18724600 0.18657400 Y N Y N N/A 0.00000000 0.00000000 Rule 17a-7 (17 CFR 270.17a-7) Rule 17e-1 (17 CFR 270.17e-1) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 32a-4 (17 CFR 270.32a-4) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Geode Capital Management, LLC 801-61117 000115504 549300R46G1X232ODH36 N N STATE STREET BANK AND TRUST COMPANY 85-05003 571474TGEMMWANRLN572 N N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N N 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 549300LT256P1KNTYF28 Y N N BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 171.59000000 CREDIT SUISSE GRP AG N/A N/A 549300506SI9CRFV9Z86 CH 3.97000000 JEFFERIES GROUP LLC N/A N/A NY9Q8VBNB6D1L6YV0J84 936.01000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 511.11000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 1006.02000000 NOMURA HOLDINGS INC N/A N/A 549300B3CEAHYG7K8164 JP 155.12000000 UBS GROUP AG N/A N/A 549300SZJ9VS8SGXAN81 CH 4188.81000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 1252.00000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 3.60000000 8228.23000000 0.00000000 N 22521971.00000000 Uncommitted 500000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 25000000.00000000 N N N Fidelity Electric Vehicles and Future Transportation ETF S000073600 54930051YVMUH2IVQU69 N 1 0 0 Exchange-Traded Fund Y Y -0.10914900 -0.52868200 0.06832400 0.06985100 Y N Y N N/A 0.00000000 0.00000000 Rule 17a-7 (17 CFR 270.17a-7) Rule 17e-1 (17 CFR 270.17e-1) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 12d1-1 (17 CFR 270.12d1-1) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Geode Capital Management, LLC 801-61117 000115504 549300R46G1X232ODH36 N N STATE STREET BANK AND TRUST COMPANY 85-05003 571474TGEMMWANRLN572 N N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N N 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 549300LT256P1KNTYF28 Y N N UBS GROUP AG N/A N/A 549300SZJ9VS8SGXAN81 CH 585.35000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 812.63000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 1211.75000000 NOMURA HOLDINGS INC N/A N/A 549300B3CEAHYG7K8164 JP 79.12000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 1053.27000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 51.01000000 3793.13000000 0.00000000 N 45844083.00000000 Uncommitted 400000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 1500000000.00000000 N N N Fidelity Cloud Computing ETF S000073598 549300TR4NYIN9OVQI08 N 1 0 0 Exchange-Traded Fund Y Y -0.01593900 -0.49464000 0.05365300 0.05200800 Y N Y N N/A 0.00000000 0.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 18f-4 (17 CFR 270.18f-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 17e-1 (17 CFR 270.17e-1) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Geode Capital Management, LLC 801-61117 000115504 549300R46G1X232ODH36 N N STATE STREET BANK AND TRUST COMPANY 85-05003 571474TGEMMWANRLN572 N N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N N 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 549300LT256P1KNTYF28 Y N N NOMURA HOLDINGS INC N/A N/A 549300B3CEAHYG7K8164 JP 0.67000000 JEFFERIES GROUP LLC N/A N/A NY9Q8VBNB6D1L6YV0J84 0.67000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 3.04000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 19.43000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 3.80000000 UBS GROUP AG N/A N/A 549300SZJ9VS8SGXAN81 CH 99.73000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 0.27000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 81.66000000 209.27000000 0.00000000 N 22959713.00000000 Uncommitted 500000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 1500000000.00000000 N N N Fidelity Metaverse ETF S000075903 549300TQXUXRFBANFP96 N 1 0 0 Exchange-Traded Fund Y Y -0.14031100 -0.61337800 0.08075500 0.07989800 Y N Y N N/A 0.00000000 0.00000000 Rule 17e-1 (17 CFR 270.17e-1) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 18f-4 (17 CFR 270.18f-4) Rule 17a-7 (17 CFR 270.17a-7) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Geode Capital Management, LLC 801-61117 000115504 549300R46G1X232ODH36 N N STATE STREET BANK AND TRUST COMPANY 85-05003 571474TGEMMWANRLN572 N N N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N N 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 549300LT256P1KNTYF28 Y N N NOMURA HOLDINGS INC N/A N/A 549300B3CEAHYG7K8164 JP 193.45000000 UBS GROUP AG N/A N/A 549300SZJ9VS8SGXAN81 CH 231.17000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 2.86000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 3.87000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 342.25000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 79.58000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 0.04000000 JEFFERIES GROUP LLC N/A N/A NY9Q8VBNB6D1L6YV0J84 1.16000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 3.04000000 857.42000000 0.00000000 N 12979786.00000000 Uncommitted 300000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 400000000.00000000 N N N Fidelity Clean Energy ETF S000073597 549300ZYR7MHQOW8VQ80 N 1 0 0 Exchange-Traded Fund Y Y 0.13032300 -0.26083900 0.12114200 0.12089000 Y N Y N N/A 0.00000000 0.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 32a-4 (17 CFR 270.32a-4) Rule 17e-1 (17 CFR 270.17e-1) Rule 17a-7 (17 CFR 270.17a-7) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 12d1-1 (17 CFR 270.12d1-1) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Geode Capital Management, LLC 801-61117 000115504 549300R46G1X232ODH36 N N STATE STREET BANK AND TRUST COMPANY 85-05003 571474TGEMMWANRLN572 N N N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N BLOOMBERG LP 549300B56MD0ZC402L06 N N 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 549300LT256P1KNTYF28 Y N N BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 309.13000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 5.10000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 108.51000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 1130.06000000 JEFFERIES GROUP LLC N/A N/A NY9Q8VBNB6D1L6YV0J84 15.72000000 UBS GROUP AG N/A N/A 549300SZJ9VS8SGXAN81 CH 789.35000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 3.77000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 49.53000000 2411.17000000 0.00000000 N 38591937.00000000 Uncommitted 25000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 300000000.00000000 N Uncommitted 150000000.00000000 N N N Fidelity Digital Health ETF S000073599 549300MMZ4CERW33MZ22 N 1 0 0 Exchange-Traded Fund Y Y 0.04853400 -0.36557500 0.33195800 0.33156500 Y N Y N N/A 0.00000000 0.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Rule 17e-1 (17 CFR 270.17e-1) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Y N N N Fidelity Management & Research Company LLC 801-7884 000108281 5493001Z012YSB2A0K51 N Geode Capital Management, LLC 801-61117 000115504 549300R46G1X232ODH36 N N STATE STREET BANK AND TRUST COMPANY 85-05003 571474TGEMMWANRLN572 N N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N N 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 549300LT256P1KNTYF28 Y N N MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 45.56000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 0.45000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 12.02000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 45.45000000 UBS GROUP AG N/A N/A 549300SZJ9VS8SGXAN81 CH 2.87000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 0.08000000 JEFFERIES GROUP LLC N/A N/A NY9Q8VBNB6D1L6YV0J84 3.74000000 110.17000000 0.00000000 N 9587360.00000000 Uncommitted 300000000.00000000 N Uncommitted 500000000.00000000 N Uncommitted 150000000.00000000 N Uncommitted 25000000.00000000 N Uncommitted 400000000.00000000 N Uncommitted 1500000000.00000000 N Uncommitted 500000000.00000000 N N N Fidelity Crypto Industry and Digital Payments ETF S000075902 Y 50000.00000000 1.69335614 0.77668235 98.30664386 0.77668235 2.08623526 0.00000000 97.91376474 0.00000000 0.00000000 250.00000000 0.00000000 0.00000000 250.00000000 0.00000000 0.00000000 250.00000000 0.00000000 0.00000000 250.00000000 0.00000000 N Fidelity Electric Vehicles and Future Transportation ETF S000073600 Y 50000.00000000 17.53131772 22.96955844 82.46868228 22.96955844 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 300.0000000 0.01105359 0.00000000 300.00000000 0.09688292 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Fidelity Cloud Computing ETF S000073598 Y 50000.00000000 1.36980192 0.96368853 98.63019808 0.96368853 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 300.00000000 0.00466941 0.00000000 300.00000000 0.1434463 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Fidelity Metaverse ETF S000075903 Y 50000.00000000 36.90718010 36.48894980 63.09281999 36.48894980 0.77041106 0.00000000 99.22958894 0.00000000 0.00000000 250.00000000 0.00909457 0.00000000 250.00000000 0.05417763 0.00000000 250.00000000 0.00000000 0.00000000 250.00000000 0.00000000 N Fidelity Clean Energy ETF S000073597 Y 50000.00000000 17.96965687 27.75139963 82.03034313 27.75139963 5.65019393 0.00000000 94.34980607 0.00000000 0.00000000 300.00000000 0.01715747 0.00000000 300.00000000 0.09282568 0.00000000 300.00000000 0.16624885 0.00000000 300.00000000 0.00939338 N Fidelity Digital Health ETF S000073599 Y 50000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N true INTERNAL CONTROL RPT 2 covington_icr1.htm Converted by EDGARwiz

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Trustees of Fidelity Covington Trust and the Shareholders of Fidelity Clean Energy ETF, Fidelity Cloud Computing ETF, Fidelity Digital Health ETF, Fidelity Electric Vehicles and Future Transportation ETF, Fidelity Crypto Industry and Digital Payments ETF, and Fidelity Metaverse ETF:

In planning and performing our audits of the financial statements of Fidelity Clean Energy ETF, Fidelity Cloud Computing ETF, Fidelity Digital Health ETF, Fidelity Electric Vehicles and Future Transportation ETF, Fidelity Crypto Industry and Digital Payments ETF, and Fidelity Metaverse ETF (the “Funds”), each a fund of Fidelity Covington Trust, as of and for the year ended June 30, 2023, 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 their operations, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of June 30, 2023.


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

August 15, 2023