Quarterly Holdings Report
for
Fidelity® New Millennium ETF
April 30, 2023
OTF-NPRT3-0623
1.9897906.102
Common Stocks - 98.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 7.9% | |||
Entertainment - 2.3% | |||
Activision Blizzard, Inc. | 2,104 | 163,502 | |
Endeavor Group Holdings, Inc. (a) | 20,628 | 531,790 | |
Netflix, Inc. (a) | 2,759 | 910,277 | |
Spotify Technology SA (a) | 2,605 | 348,028 | |
World Wrestling Entertainment, Inc. Class A | 905 | 96,989 | |
2,050,586 | |||
Interactive Media & Services - 4.2% | |||
Alphabet, Inc. Class A (a) | 16,862 | 1,809,967 | |
Meta Platforms, Inc. Class A (a) | 7,125 | 1,712,280 | |
Pinterest, Inc. Class A (a) | 5,171 | 118,933 | |
3,641,180 | |||
Media - 1.4% | |||
Comcast Corp. Class A | 30,265 | 1,252,063 | |
TOTAL COMMUNICATION SERVICES | 6,943,829 | ||
CONSUMER DISCRETIONARY - 9.3% | |||
Automobile Components - 0.6% | |||
Aptiv PLC (a) | 4,757 | 489,305 | |
Broadline Retail - 1.5% | |||
Amazon.com, Inc. (a) | 12,642 | 1,333,099 | |
Hotels, Restaurants & Leisure - 2.6% | |||
Airbnb, Inc. Class A (a) | 1,295 | 154,973 | |
Booking Holdings, Inc. (a) | 255 | 685,009 | |
Chipotle Mexican Grill, Inc. (a) | 130 | 268,791 | |
Churchill Downs, Inc. | 2,137 | 625,137 | |
Hilton Worldwide Holdings, Inc. | 2,345 | 337,727 | |
Yum! Brands, Inc. | 1,452 | 204,122 | |
2,275,759 | |||
Household Durables - 1.1% | |||
Lennar Corp. Class A | 5,030 | 567,434 | |
NVR, Inc. (a) | 75 | 438,000 | |
1,005,434 | |||
Specialty Retail - 1.5% | |||
Dick's Sporting Goods, Inc. | 2,014 | 292,050 | |
Floor & Decor Holdings, Inc. Class A (a) | 1,557 | 154,672 | |
TJX Companies, Inc. | 10,773 | 849,128 | |
1,295,850 | |||
Textiles, Apparel & Luxury Goods - 2.0% | |||
NIKE, Inc. Class B | 7,364 | 933,166 | |
Ralph Lauren Corp. | 3,824 | 438,957 | |
Tapestry, Inc. | 8,809 | 359,495 | |
1,731,618 | |||
TOTAL CONSUMER DISCRETIONARY | 8,131,065 | ||
CONSUMER STAPLES - 4.5% | |||
Beverages - 2.8% | |||
Boston Beer Co., Inc. Class A (a) | 1,095 | 347,673 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 1,037 | 237,960 | |
Diageo PLC sponsored ADR | 2,392 | 443,716 | |
Keurig Dr. Pepper, Inc. | 9,905 | 323,894 | |
The Coca-Cola Co. | 17,637 | 1,131,414 | |
2,484,657 | |||
Consumer Staples Distribution & Retail - 1.7% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 4,227 | 322,816 | |
Dollar General Corp. | 1,181 | 261,544 | |
Performance Food Group Co. (a) | 5,349 | 335,329 | |
Target Corp. | 3,312 | 522,468 | |
1,442,157 | |||
TOTAL CONSUMER STAPLES | 3,926,814 | ||
ENERGY - 6.7% | |||
Energy Equipment & Services - 1.8% | |||
Baker Hughes Co. Class A | 12,027 | 351,669 | |
Halliburton Co. | 8,055 | 263,801 | |
Schlumberger Ltd. | 13,787 | 680,388 | |
TechnipFMC PLC (a) | 18,878 | 258,440 | |
1,554,298 | |||
Oil, Gas & Consumable Fuels - 4.9% | |||
Antero Resources Corp. (a) | 3,934 | 90,443 | |
Canadian Natural Resources Ltd. | 8,324 | 507,514 | |
Cheniere Energy, Inc. | 2,823 | 431,919 | |
Exxon Mobil Corp. | 17,962 | 2,125,623 | |
Hess Corp. | 4,548 | 659,733 | |
Valero Energy Corp. | 4,362 | 500,191 | |
4,315,423 | |||
TOTAL ENERGY | 5,869,721 | ||
FINANCIALS - 11.0% | |||
Banks - 3.2% | |||
Bank of America Corp. | 34,634 | 1,014,084 | |
JPMorgan Chase & Co. | 4,392 | 607,150 | |
PNC Financial Services Group, Inc. | 2,700 | 351,675 | |
Wells Fargo & Co. | 21,566 | 857,249 | |
2,830,158 | |||
Capital Markets - 1.2% | |||
Coinbase Global, Inc. (a) | 1,428 | 76,812 | |
Morgan Stanley | 7,551 | 679,363 | |
State Street Corp. | 3,794 | 274,154 | |
1,030,329 | |||
Financial Services - 3.9% | |||
Block, Inc. Class A (a) | 5,562 | 338,114 | |
Fiserv, Inc. (a) | 6,859 | 837,621 | |
Radian Group, Inc. | 9,845 | 238,938 | |
Shift4 Payments, Inc. (a) | 4,561 | 309,099 | |
Visa, Inc. Class A | 7,167 | 1,667,976 | |
3,391,748 | |||
Insurance - 2.7% | |||
Arch Capital Group Ltd. (a) | 4,720 | 354,330 | |
Chubb Ltd. | 6,167 | 1,243,021 | |
First American Financial Corp. | 4,156 | 239,427 | |
MetLife, Inc. | 4,785 | 293,464 | |
RenaissanceRe Holdings Ltd. | 1,143 | 246,214 | |
2,376,456 | |||
TOTAL FINANCIALS | 9,628,691 | ||
HEALTH CARE - 13.3% | |||
Biotechnology - 1.4% | |||
Day One Biopharmaceuticals, Inc. (a) | 5,770 | 71,548 | |
Gilead Sciences, Inc. | 3,285 | 270,060 | |
Legend Biotech Corp. ADR (a) | 3,468 | 238,286 | |
Regeneron Pharmaceuticals, Inc. (a) | 740 | 593,325 | |
1,173,219 | |||
Health Care Equipment & Supplies - 3.3% | |||
Boston Scientific Corp. (a) | 18,148 | 945,874 | |
GE Healthcare Holding LLC | 4,421 | 359,604 | |
Hologic, Inc. (a) | 4,662 | 400,979 | |
Masimo Corp. (a) | 3,095 | 585,388 | |
Stryker Corp. | 2,091 | 626,568 | |
2,918,413 | |||
Health Care Providers & Services - 3.1% | |||
agilon health, Inc. (a) | 13,032 | 316,287 | |
Centene Corp. (a) | 5,088 | 350,716 | |
Cigna Group | 1,620 | 410,330 | |
LifeStance Health Group, Inc. (a) | 10,755 | 87,653 | |
UnitedHealth Group, Inc. | 3,159 | 1,554,512 | |
2,719,498 | |||
Life Sciences Tools & Services - 2.2% | |||
Danaher Corp. | 1,750 | 414,593 | |
IQVIA Holdings, Inc. (a) | 1,601 | 301,356 | |
Thermo Fisher Scientific, Inc. | 1,437 | 797,391 | |
West Pharmaceutical Services, Inc. | 1,182 | 426,986 | |
1,940,326 | |||
Pharmaceuticals - 3.3% | |||
AstraZeneca PLC sponsored ADR | 7,005 | 512,906 | |
Bristol-Myers Squibb Co. | 9,435 | 629,975 | |
Eli Lilly & Co. | 4,417 | 1,748,514 | |
2,891,395 | |||
TOTAL HEALTH CARE | 11,642,851 | ||
INDUSTRIALS - 14.0% | |||
Aerospace & Defense - 4.2% | |||
BWX Technologies, Inc. | 6,220 | 401,688 | |
Howmet Aerospace, Inc. | 15,826 | 700,934 | |
Huntington Ingalls Industries, Inc. | 1,109 | 223,641 | |
Lockheed Martin Corp. | 1,806 | 838,797 | |
Northrop Grumman Corp. | 1,404 | 647,623 | |
The Boeing Co. (a) | 4,305 | 890,188 | |
3,702,871 | |||
Building Products - 0.7% | |||
Builders FirstSource, Inc. (a) | 3,169 | 300,326 | |
Fortune Brands Home & Security, Inc. | 4,231 | 273,703 | |
574,029 | |||
Construction & Engineering - 1.1% | |||
Quanta Services, Inc. | 3,327 | 564,392 | |
Willscot Mobile Mini Holdings (a) | 9,686 | 439,744 | |
1,004,136 | |||
Electrical Equipment - 1.5% | |||
Eaton Corp. PLC | 2,700 | 451,224 | |
Generac Holdings, Inc. (a) | 2,929 | 299,402 | |
Regal Rexnord Corp. | 4,478 | 582,856 | |
1,333,482 | |||
Ground Transportation - 0.8% | |||
Uber Technologies, Inc. (a) | 22,891 | 710,766 | |
Industrial Conglomerates - 0.9% | |||
General Electric Co. | 8,318 | 823,232 | |
Machinery - 3.0% | |||
Caterpillar, Inc. | 2,432 | 532,122 | |
Fortive Corp. | 3,447 | 217,471 | |
Ingersoll Rand, Inc. | 11,345 | 646,892 | |
ITT, Inc. | 5,214 | 440,270 | |
Parker Hannifin Corp. | 2,405 | 781,336 | |
2,618,091 | |||
Professional Services - 1.6% | |||
FTI Consulting, Inc. (a) | 2,295 | 414,248 | |
KBR, Inc. | 8,650 | 490,715 | |
WNS Holdings Ltd. sponsored ADR (a) | 5,851 | 527,585 | |
1,432,548 | |||
Trading Companies & Distributors - 0.2% | |||
United Rentals, Inc. | 368 | 132,888 | |
TOTAL INDUSTRIALS | 12,332,043 | ||
INFORMATION TECHNOLOGY - 24.2% | |||
Communications Equipment - 1.1% | |||
Cisco Systems, Inc. | 20,890 | 987,053 | |
Electronic Equipment, Instruments & Components - 1.7% | |||
Flex Ltd. (a) | 29,439 | 605,560 | |
Jabil, Inc. | 6,009 | 469,603 | |
Keysight Technologies, Inc. (a) | 2,990 | 432,474 | |
1,507,637 | |||
IT Services - 0.7% | |||
EPAM Systems, Inc. (a) | 772 | 218,044 | |
MongoDB, Inc. Class A (a) | 1,812 | 434,808 | |
652,852 | |||
Semiconductors & Semiconductor Equipment - 6.4% | |||
Advanced Micro Devices, Inc. (a) | 11,178 | 998,978 | |
Analog Devices, Inc. | 3,734 | 671,672 | |
Marvell Technology, Inc. | 1,049 | 41,415 | |
NVIDIA Corp. | 4,292 | 1,190,987 | |
NXP Semiconductors NV | 4,381 | 717,345 | |
onsemi (a) | 9,499 | 683,548 | |
SolarEdge Technologies, Inc. (a) | 1,014 | 289,629 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 6,843 | 576,865 | |
Teradyne, Inc. | 4,584 | 418,886 | |
5,589,325 | |||
Software - 8.4% | |||
Adobe, Inc. (a) | 1,908 | 720,384 | |
Autodesk, Inc. (a) | 1,630 | 317,508 | |
Dynatrace, Inc. (a) | 12,537 | 530,064 | |
Microsoft Corp. | 15,504 | 4,763,759 | |
Oracle Corp. | 7,300 | 691,456 | |
Workday, Inc. Class A (a) | 2,083 | 387,730 | |
7,410,901 | |||
Technology Hardware, Storage & Peripherals - 5.9% | |||
Apple, Inc. | 30,242 | 5,131,460 | |
TOTAL INFORMATION TECHNOLOGY | 21,279,228 | ||
MATERIALS - 4.0% | |||
Chemicals - 1.5% | |||
Cabot Corp. | 4,744 | 340,429 | |
Celanese Corp. Class A | 2,337 | 248,283 | |
CF Industries Holdings, Inc. | 2,388 | 170,933 | |
Element Solutions, Inc. | 18,278 | 331,746 | |
Westlake Corp. | 2,101 | 239,052 | |
1,330,443 | |||
Construction Materials - 0.3% | |||
Martin Marietta Materials, Inc. | 839 | 304,725 | |
Containers & Packaging - 0.9% | |||
Avery Dennison Corp. | 1,879 | 327,848 | |
O-I Glass, Inc. (a) | 20,440 | 459,287 | |
787,135 | |||
Metals & Mining - 1.3% | |||
Commercial Metals Co. | 2,928 | 136,708 | |
Freeport-McMoRan, Inc. | 21,025 | 797,058 | |
Novagold Resources, Inc. (a) | 35,589 | 193,604 | |
1,127,370 | |||
TOTAL MATERIALS | 3,549,673 | ||
REAL ESTATE - 2.0% | |||
Equity Real Estate Investment Trusts (REITs) - 1.6% | |||
Essex Property Trust, Inc. | 934 | 205,228 | |
Gaming & Leisure Properties | 6,715 | 349,180 | |
Prologis (REIT), Inc. | 5,437 | 680,984 | |
Spirit Realty Capital, Inc. | 5,332 | 205,069 | |
1,440,461 | |||
Real Estate Management & Development - 0.4% | |||
CBRE Group, Inc. (a) | 3,952 | 302,960 | |
TOTAL REAL ESTATE | 1,743,421 | ||
UTILITIES - 2.0% | |||
Electric Utilities - 1.3% | |||
Constellation Energy Corp. | 4,712 | 364,709 | |
Southern Co. | 10,319 | 758,962 | |
1,123,671 | |||
Independent Power and Renewable Electricity Producers - 0.7% | |||
The AES Corp. | 17,649 | 417,575 | |
Vistra Corp. | 9,981 | 238,147 | |
655,722 | |||
TOTAL UTILITIES | 1,779,393 | ||
TOTAL COMMON STOCKS (Cost $77,444,284) | 86,826,729 | ||
TOTAL INVESTMENT IN SECURITIES - 98.9% (Cost $77,444,284) | 86,826,729 |
NET OTHER ASSETS (LIABILITIES) - 1.1% | 971,828 |
NET ASSETS - 100.0% | 87,798,557 |
Legend
(a) | Non-income producing |
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.
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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