IPO - FIDELITY COVINGTON TRUST

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Form Type: 485APOS

Filing Date: 2024-06-28

Corporate Action: Ipo

Type: New

Accession Number: 000094590824000184

Filing Summary: Fidelity Covington Trust filed a post-effective amendment under the Securities Act of 1933 and the Investment Company Act of 1940 for its fund offerings, including the Fidelity Fundamental Developed International ETF, Fidelity Fundamental Emerging Markets ETF, and Fidelity Fundamental Global ex-U.S. ETF. The filing indicates a proposed effective date of September 13, 2024, at 5:30 p.m. Eastern Time. The prospectus details strategies aimed at long-term growth through investments in developed and emerging markets. It describes operational expenses, investment strategies, risks associated with the global and emerging markets, and specifics regarding management and share trading. The funds are not currently approved by the SEC for sale, and the prospectus serves as preliminary information to investors.

Additional details:

Fund Name: Fidelity Fundamental Developed International ETF

Fund Name: Fidelity Fundamental Emerging Markets ETF

Fund Name: Fidelity Fundamental Global ex-U.S. ETF

Investment Objective: long-term growth of capital

Principal Investment Strategies: investing at least 80% of assets in securities of issuers in developed markets

Principal Investment Risks: Stock Market Volatility, Foreign Exposure, Geographic Exposure to Europe and Japan

Adviser Name: Fidelity Management & Research Company LLC

Portfolio Manager: Tim Gannon, Michael Kim, Ned Salter

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