0001752724-23-265986.txt : 20231127 0001752724-23-265986.hdr.sgml : 20231127 20231127100433 ACCESSION NUMBER: 0001752724-23-265986 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231127 DATE AS OF CHANGE: 20231127 PERIOD START: 20240630 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: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07319 FILM NUMBER: 231438140 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 NPORT-P 1 primary_doc.xml NPORT-P false 0000945908 XXXXXXXX S000073597 C000230602 Fidelity Covington Trust 811-07319 0000945908 549300JFYFTF85QAQR28 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Clean Energy ETF S000073597 549300ZYR7MHQOW8VQ80 2024-06-30 2023-09-30 N 28680870.95 9854.40 28671016.55 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 16246.46000000 N RENOVA INC N/A RENOVA INC N/A 38000.00000000 NS 288262.69000000 1.005414961472 Long EC CORP JP N 1 N N N SMA SOLAR TECHNOLOGY AG 529900Q6JQHI8X451Q21 SMA SOLAR TECHNOLOGY AG N/A 6719.00000000 NS 437139.40000000 1.524673529582 Long EC CORP DE N 1 N N N VERBUND AG 5299006UDSEJCTTEJS30 VERBUND AG N/A 8205.00000000 NS 669336.72000000 2.334541291316 Long EC CORP AT N 1 N N N ORSTED A/S W9NG6WMZIYEU8VEDOG48 ORSTED A/S N/A 18067.00000000 NS 987846.67000000 3.445453942232 Long EC CORP DK N 1 N N N ORMAT TECHNOLOGIES INC 5493000TSHHWY24VHM09 ORMAT TECHNOLOGIES INC 686688102 10309.00000000 NS USD 720805.28000000 2.514055540175 Long EC CORP US N 1 N N N ABALANCE CORP N/A ABALANCE CORP N/A 10100.00000000 NS 227753.39000000 0.794368032269 Long EC CORP JP N 1 N N N SOLAREDGE TECHNOLOGIES INC 5493000K6Y58XXPDF853 SOLAREDGE TECHNOLOGIES INC 83417M104 6286.00000000 NS USD 814099.86000000 2.839452373724 Long EC CORP US N 1 N N N BROOKFIELD RENEWABLE CORP N/A BROOKFIELD RENEWABLE CORP 11284V105 26544.00000000 NS 638273.25000000 2.226196789663 Long EC CORP CA N 1 N N N NEOEN SA 969500C0AIAGQWZGJO13 NEOEN SA N/A 14870.00000000 NS 434838.58000000 1.516648631002 Long EC CORP FR N 1 N N N LANDIS+GYR GROUP AG 529900PZYVAKCYSLFL19 LANDIS+GYR GROUP AG N/A 7086.00000000 NS 513556.84000000 1.791205551098 Long EC CORP CH N 1 N N N NORDEX SE 529900HVDYCUWVD0OE76 NORDEX SE N/A 46149.00000000 NS 568977.66000000 1.984504661729 Long EC CORP DE N 1 N N N XINYI SOLAR HOLDINGS LTD 529900QF7VIH03SB7Q08 XINYI SOLAR HOLDINGS LTD N/A 912000.00000000 NS 682382.83000000 2.380044072765 Long EC CORP KY N 1 N N N TRANSALTA RENEWABLES INC 529900U45A1JKZFABZ35 TRANSALTA RENEWABLES 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RENOVABLES SA 254900UPX0OEHTKB9Y44 CORP ACCIONA ENERGIAS RENOVABLES SA N/A 19594.00000000 NS 506181.60000000 1.765481873017 Long EC CORP ES N 1 N N N CLEARWAY ENERGY INC 549300LHAZ9HA9G3XC48 CLEARWAY ENERGY INC CL C 18539C204 24929.00000000 NS USD 527497.64000000 1.839828870664 Long EC CORP US N 1 N N N ARRAY TECHNOLOGIES INC 549300JM5FECYJQ85V37 ARRAY TECHNOLOGIES INC 04271T100 30130.00000000 NS USD 668584.70000000 2.331918363738 Long EC CORP US N 1 N N N SUNNOVA ENERGY INTERNATIONAL INC 549300JK1Y1VVC3JU540 SUNNOVA ENERGY INTERNATIONAL INC 86745K104 39695.00000000 NS USD 415606.65000000 1.449570681511 Long EC CORP US N 1 N N N INNERGEX RENEWABLE ENERGY INC 549300EORYEC4J59SU80 INNERGEX RENEWABLE ENERGY INC 45790B104 51018.00000000 NS 383767.06000000 1.338519195267 Long EC CORP CA N 1 N N N VESTAS WIND SYSTEMS AS 549300DYMC8BGZZC8844 VESTAS WIND SYSTEMS AS N/A 60114.00000000 NS 1293570.80000000 4.511771662313 Long EC CORP DK N 1 N N N SUNRUN INC 54930007SJ77CI66U531 SUNRUN INC 86771W105 47555.00000000 NS USD 597290.80000000 2.083256444564 Long EC CORP US N 1 N N N ERG SPA 8156004604684CA44A90 ERG SPA N/A 20574.00000000 NS 497517.38000000 1.735262435262 Long EC CORP IT N 1 N N N DRAX GROUP PLC 549300YPSNTXR4ZHSR98 DRAX GROUP PLC N/A 99016.00000000 NS 530307.26000000 1.849628383685 Long EC CORP GB N 1 N N N RENEW ENERGY GLOBAL PLC 254900SL77LA2KAG7R65 RENEW ENERGY GLOBAL PLC N/A 63434.00000000 NS USD 344446.62000000 1.201375679858 Long EC CORP GB N 1 N N N AMERESCO INC 529900NZXZGBCBXYY327 AMERESCO INC-CL A 02361E108 12915.00000000 NS USD 498002.40000000 1.736954108800 Long EC CORP US N 1 N N N ENCAVIS AG 391200ECRGNL09Y2KJ67 ENCAVIS AG N/A 39079.00000000 NS 551320.43000000 1.922919018370 Long EC CORP DE N 1 N N N ENPHASE ENERGY INC 5493008U7KIGMI59Z314 ENPHASE ENERGY INC 29355A107 9972.00000000 NS USD 1198135.80000000 4.178909380176 Long EC CORP US N 1 N N N FLAT GLASS GROUP CO LTD 300300BEL4RMXBKEA373 FLAT GLASS GROUP CO LTD N/A 198000.00000000 NS 444952.34000000 1.551923836477 Long EC CORP CN N 1 N N N JINKOSOLAR HOLDING CO LTD 529900Y93WNCS05FG852 JINKOSOLAR HOLDING CO ADR 47759T100 16238.00000000 NS USD 493148.06000000 1.720022933752 Long EC CORP KY N 1 N N N MAXEON SOLAR TECHNOLOGIES LTD 5493007JPB074ITT6Y72 MAXEON SOLAR TECHNOLOGIES LTD N/A 24234.00000000 NS USD 280872.06000000 0.979637605489 Long EC CORP SG N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 7249.71000000 NS USD 7251.16000000 0.025290906540 Long STIV RF US N 1 N N N WEST HOLDINGS CORP N/A WEST HOLDINGS CORP N/A 19200.00000000 NS 413657.23000000 1.442771410907 Long EC CORP JP N 1 N N N CANADIAN SOLAR INC 5493001XSC6TKMBVOM15 CANADIAN SOLAR INC 136635109 19641.00000000 NS USD 483365.01000000 1.685901192784 Long EC CORP CA N 1 N N N ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC 549300ITBBGKJ651R879 ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC N/A 24994.00000000 NS USD 477385.40000000 1.665045252816 Long EC CORP GB N 1 N N N 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2.534339160011 Long EC CORP US N 1 N N N DOOSAN FUEL CELL CO LTD N/A DOOSAN FUEL CELL CO LTD N/A 23818.00000000 NS 355663.78000000 1.240499371132 Long EC CORP KR N 1 N N N NORTHLAND POWER INC 549300IT8CIDW8V5KX72 NORTHLAND POWER INC 666511100 43967.00000000 NS 719341.75000000 2.508950977533 Long EC CORP CA N 1 N N N ACCIONA SA 54930002KP75TLLLNO21 ACCIONA SA N/A 5207.00000000 NS 665408.38000000 2.320839858745 Long EC CORP ES N 1 N N N CS WIND CORP N/A CS WIND CORP N/A 11242.00000000 NS 454045.50000000 1.583639349543 Long EC CORP KR N 1 N N N CHINA DATANG CORPORATION RENEWABLE POWER CO LTD 52990099S0ALQQ25XM62 CHINA DATANG CORP RENEW POW H N/A 1653000.00000000 NS 392573.91000000 1.369236104047 Long EC CORP CN N 1 N N N 2023-10-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_6442_20230930.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Clean Energy ETF
September 30, 2023
CET-NPRT1-1123
1.9903831.101
Common Stocks - 99.7%
 
  
Shares
Value ($)
 
ENERGY - 0.8%
 
  
  
Oil, Gas & Consumable Fuels - 0.8%
  
  
  
Enviva, Inc.
 
32,608
243,582
INDUSTRIALS - 28.1%
 
  
  
Commercial Services & Supplies - 1.6%
  
  
  
China Everbright International Ltd.
 
1,282,000
441,965
Construction & Engineering - 1.7%
  
  
  
Ameresco, Inc. Class A (a)
  
12,915
498,002
Electrical Equipment - 24.8%
  
  
  
Abalance Corp.
 
10,100
227,753
Array Technologies, Inc. (a)
  
30,130
668,585
Bloom Energy Corp. Class A (a)
  
45,580
604,391
CS Wind Corp.
 
11,242
454,046
Doosan Fuel Cell Co. Ltd. (a)
  
23,818
355,664
Goldwind Science & Technology Co. Ltd. (H Shares)
 
685,600
345,783
Nextracker, Inc. Class A
 
14,582
585,613
Nordex SE (a)
  
46,149
568,978
Plug Power, Inc. (a)
  
95,608
726,621
Shoals Technologies Group, Inc. (a)
  
37,182
678,572
Sunrun, Inc. (a)
  
47,555
597,291
Vestas Wind Systems A/S (a)
  
60,114
1,293,568
 
  
  
7,106,865
TOTAL INDUSTRIALS
  
  
8,046,832
INFORMATION TECHNOLOGY - 22.6%
 
  
  
Electronic Equipment, Instruments & Components - 1.8%
  
  
  
Landis+Gyr Group AG
 
7,086
513,557
Semiconductors & Semiconductor Equipment - 20.8%
  
  
  
Canadian Solar, Inc. (a)
  
19,641
483,365
Enphase Energy, Inc. (a)
  
9,972
1,198,136
First Solar, Inc. (a)
  
7,013
1,133,231
Flat Glass Group Co. Ltd.
 
198,000
444,952
JinkoSolar Holdings Co. Ltd. ADR
 
16,238
493,148
Maxeon Solar Technologies Ltd. (a)
  
24,234
280,872
SMA Solar Technology AG (a)
  
6,719
437,139
SolarEdge Technologies, Inc. (a)
  
6,286
814,100
Xinyi Solar Holdings Ltd.
 
912,000
682,383
 
  
  
5,967,326
TOTAL INFORMATION TECHNOLOGY
  
  
6,480,883
UTILITIES - 48.2%
 
  
  
Electric Utilities - 8.1%
  
  
  
Acciona SA
 
5,207
665,408
ORSTED A/S (b)
  
18,067
987,847
Verbund AG
 
8,205
669,337
 
  
  
2,322,592
Independent Power and Renewable Electricity Producers - 40.1%
  
  
  
Atlantica Sustainable Infrastructure PLC
 
24,994
477,385
Boralex, Inc. Class A
 
26,134
564,046
Brookfield Renewable Corp.
 
26,544
638,273
China Datang Corp. Renewable Power Co. Ltd.
 
1,653,000
392,574
China Longyuan Power Grid Corp. Ltd. (H Shares)
 
853,000
742,795
Clearway Energy, Inc. Class C
 
24,929
527,498
Corp. ACCIONA Energias Renovables SA
 
19,594
506,182
Drax Group PLC
 
99,016
530,307
EDP Renovaveis SA
 
46,197
758,855
Encavis AG (a)
  
39,079
551,320
Enlight Renewable Energy Ltd. (a)
  
36,989
583,740
ERG SpA
 
20,574
497,517
Innergex Renewable Energy, Inc.
 
51,018
383,767
Neoen SA (b)
  
14,870
434,839
Northland Power, Inc.
 
43,967
719,342
Ormat Technologies, Inc.
 
10,309
720,805
ReNew Energy Global PLC (a)
  
63,434
344,447
RENOVA, Inc. (a)
  
38,000
288,263
Solaria Energia y Medio Ambiente SA (a)
  
35,050
543,650
Sunnova Energy International, Inc. (a)
  
39,695
415,607
TransAlta Renewables, Inc.
 
50,941
463,066
West Holdings Corp.
 
19,200
413,657
 
  
  
11,497,935
TOTAL UTILITIES
  
  
13,820,527
 
TOTAL COMMON STOCKS
 (Cost $40,579,955)
  
  
  
28,591,824
 
  
  
  
Money Market Funds - 0.0%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (c)
 
 (Cost $7,251)
 
  
7,250
7,251
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.7%
 (Cost $40,587,206)
 
  
 
28,599,075
NET OTHER ASSETS (LIABILITIES) - 0.3%  
71,944
NET ASSETS - 100.0%
28,671,019
 
  
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 $1,422,686 or 5.0% of net assets.
 
(c)
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 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 5.39%
-
199,986
192,735
68
-
-
7,251
0.0%
Total
-
199,986
192,735
68
-
-
7,251
  
 
  
  
  
  
  
  
  
  
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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