Fidelity Covington Trust - Fidelity Enhanced International ETF

Frequently Asked Questions About FIENX

What does FIENX invest in?

The fund normally invests at least 80% of assets in common stocks included in the MSCI EAFE Index, which is a market capitalization-weighted index that is designed to measure the investable equity market performance for global investors in developed markets, excluding the U.S. & Canada.

What is the expense ratio of FIENX?

Fidelity Covington Trust - Fidelity Enhanced International ETF (FIENX) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FIENX?

Fidelity Covington Trust - Fidelity Enhanced International ETF (FIENX) manages $1.32B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FIENX actively managed or an index fund?

FIENX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FIENX's is 0.55%) because there's no security selection cost.

When was FIENX launched?

Fidelity Covington Trust - Fidelity Enhanced International ETF (FIENX) launched in December 2007 and is managed by Fidelity.

How has FIENX performed?

FIENX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.