Quarterly Holdings Report
for
Fidelity® Blue Chip Value ETF
October 31, 2023
VTF-NPRT1-1223
1.9897887.103
Common Stocks - 97.6% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 3.5% | |||
Media - 3.5% | |||
Comcast Corp. Class A | 93,186 | 3,847,650 | |
CONSUMER DISCRETIONARY - 2.8% | |||
Diversified Consumer Services - 1.8% | |||
H&R Block, Inc. | 47,498 | 1,949,793 | |
Specialty Retail - 1.0% | |||
Ross Stores, Inc. | 10,026 | 1,162,715 | |
TOTAL CONSUMER DISCRETIONARY | 3,112,508 | ||
CONSUMER STAPLES - 13.0% | |||
Beverages - 2.9% | |||
Coca-Cola European Partners PLC | 14,818 | 867,001 | |
Keurig Dr. Pepper, Inc. | 29,773 | 903,015 | |
The Coca-Cola Co. | 24,930 | 1,408,296 | |
3,178,312 | |||
Consumer Staples Distribution & Retail - 1.6% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 10,265 | 699,252 | |
U.S. Foods Holding Corp. (a) | 26,279 | 1,023,304 | |
1,722,556 | |||
Food Products - 3.2% | |||
Lamb Weston Holdings, Inc. | 5,226 | 469,295 | |
Mondelez International, Inc. | 36,213 | 2,397,663 | |
Tyson Foods, Inc. Class A | 14,722 | 682,365 | |
3,549,323 | |||
Household Products - 2.2% | |||
Procter & Gamble Co. | 11,969 | 1,795,709 | |
The Clorox Co. | 5,167 | 608,156 | |
2,403,865 | |||
Personal Care Products - 3.1% | |||
Haleon PLC ADR | 105,027 | 849,668 | |
Kenvue, Inc. | 104,926 | 1,951,624 | |
Unilever PLC sponsored ADR | 13,992 | 662,521 | |
3,463,813 | |||
TOTAL CONSUMER STAPLES | 14,317,869 | ||
ENERGY - 8.9% | |||
Oil, Gas & Consumable Fuels - 8.9% | |||
Antero Resources Corp. (a) | 17,169 | 505,455 | |
ConocoPhillips Co. | 1,309 | 155,509 | |
Equinor ASA sponsored ADR | 27,818 | 928,287 | |
Exxon Mobil Corp. | 50,631 | 5,359,289 | |
Occidental Petroleum Corp. | 14,791 | 914,232 | |
Ovintiv, Inc. | 17,118 | 821,664 | |
Shell PLC ADR | 16,448 | 1,071,423 | |
9,755,859 | |||
FINANCIALS - 22.9% | |||
Banks - 9.9% | |||
Bank of America Corp. | 91,356 | 2,406,317 | |
Cullen/Frost Bankers, Inc. | 2,375 | 216,101 | |
JPMorgan Chase & Co. | 24,703 | 3,435,199 | |
M&T Bank Corp. | 9,731 | 1,097,170 | |
PNC Financial Services Group, Inc. | 8,881 | 1,016,608 | |
U.S. Bancorp | 26,291 | 838,157 | |
Wells Fargo & Co. | 48,545 | 1,930,635 | |
10,940,187 | |||
Capital Markets - 2.9% | |||
Affiliated Managers Group, Inc. | 5,367 | 658,853 | |
BlackRock, Inc. Class A | 2,876 | 1,760,917 | |
Invesco Ltd. | 15,288 | 198,285 | |
Northern Trust Corp. | 8,547 | 563,333 | |
3,181,388 | |||
Financial Services - 4.8% | |||
Berkshire Hathaway, Inc. Class B (a) | 15,554 | 5,309,047 | |
Insurance - 5.3% | |||
Chubb Ltd. | 8,623 | 1,850,668 | |
The Travelers Companies, Inc. | 15,877 | 2,658,445 | |
Willis Towers Watson PLC | 5,533 | 1,305,179 | |
5,814,292 | |||
TOTAL FINANCIALS | 25,244,914 | ||
HEALTH CARE - 19.9% | |||
Health Care Providers & Services - 12.6% | |||
Centene Corp. (a) | 41,381 | 2,854,461 | |
Cigna Group | 11,258 | 3,480,974 | |
CVS Health Corp. | 23,501 | 1,621,804 | |
Elevance Health, Inc. | 3,939 | 1,772,905 | |
Humana, Inc. | 3,553 | 1,860,671 | |
UnitedHealth Group, Inc. | 4,355 | 2,332,364 | |
13,923,179 | |||
Pharmaceuticals - 7.3% | |||
AstraZeneca PLC sponsored ADR | 28,749 | 1,817,799 | |
Bristol-Myers Squibb Co. | 43,769 | 2,255,417 | |
Johnson & Johnson | 13,559 | 2,011,342 | |
Sanofi SA sponsored ADR | 43,095 | 1,950,049 | |
8,034,607 | |||
TOTAL HEALTH CARE | 21,957,786 | ||
INDUSTRIALS - 7.1% | |||
Aerospace & Defense - 3.7% | |||
L3Harris Technologies, Inc. | 5,321 | 954,641 | |
Lockheed Martin Corp. | 2,559 | 1,163,424 | |
Northrop Grumman Corp. | 4,179 | 1,970,106 | |
4,088,171 | |||
Electrical Equipment - 1.2% | |||
Eaton Corp. PLC | 1,895 | 393,989 | |
Regal Rexnord Corp. | 7,522 | 890,680 | |
1,284,669 | |||
Machinery - 1.6% | |||
Deere & Co. | 2,356 | 860,788 | |
Oshkosh Corp. | 1,550 | 135,982 | |
Pentair PLC | 13,268 | 771,136 | |
1,767,906 | |||
Professional Services - 0.6% | |||
Maximus, Inc. | 9,028 | 674,572 | |
TOTAL INDUSTRIALS | 7,815,318 | ||
INFORMATION TECHNOLOGY - 7.3% | |||
Communications Equipment - 2.5% | |||
Cisco Systems, Inc. | 53,841 | 2,806,731 | |
Electronic Equipment, Instruments & Components - 0.2% | |||
TE Connectivity Ltd. | 1,681 | 198,106 | |
IT Services - 2.4% | |||
Amdocs Ltd. | 17,456 | 1,399,273 | |
Cognizant Technology Solutions Corp. Class A | 18,903 | 1,218,676 | |
2,617,949 | |||
Semiconductors & Semiconductor Equipment - 1.1% | |||
Broadcom, Inc. | 249 | 209,501 | |
Micron Technology, Inc. | 11,397 | 762,117 | |
NXP Semiconductors NV | 1,185 | 204,330 | |
1,175,948 | |||
Software - 1.1% | |||
Gen Digital, Inc. | 44,595 | 742,953 | |
Open Text Corp. | 14,964 | 499,798 | |
1,242,751 | |||
TOTAL INFORMATION TECHNOLOGY | 8,041,485 | ||
MATERIALS - 1.8% | |||
Chemicals - 1.5% | |||
DuPont de Nemours, Inc. | 22,100 | 1,610,648 | |
Metals & Mining - 0.3% | |||
Newmont Corp. | 8,369 | 313,586 | |
TOTAL MATERIALS | 1,924,234 | ||
REAL ESTATE - 0.5% | |||
Real Estate Management & Development - 0.5% | |||
CBRE Group, Inc. (a) | 8,444 | 585,507 | |
UTILITIES - 9.9% | |||
Electric Utilities - 7.1% | |||
Constellation Energy Corp. | 11,960 | 1,350,523 | |
Edison International | 22,519 | 1,420,048 | |
Evergy, Inc. | 9,824 | 482,751 | |
NextEra Energy, Inc. | 10,035 | 585,041 | |
PG&E Corp. (a) | 164,749 | 2,685,409 | |
Southern Co. | 19,183 | 1,291,016 | |
7,814,788 | |||
Independent Power and Renewable Electricity Producers - 0.5% | |||
The AES Corp. | 35,701 | 531,945 | |
Multi-Utilities - 2.3% | |||
Dominion Energy, Inc. | 25,065 | 1,010,621 | |
National Grid PLC sponsored ADR | 8,917 | 536,358 | |
Sempra | 14,355 | 1,005,281 | |
2,552,260 | |||
TOTAL UTILITIES | 10,898,993 | ||
TOTAL COMMON STOCKS (Cost $106,093,879) | 107,502,123 | ||
TOTAL INVESTMENT IN SECURITIES - 97.6% (Cost $106,093,879) | 107,502,123 |
NET OTHER ASSETS (LIABILITIES) - 2.4% | 2,639,027 |
NET ASSETS - 100.0% | 110,141,150 |
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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