Fidelity Enhanced U.S. All-Cap Equity ETF

Fidelity Enhanced U.S. All-Cap Equity ETF is an actively managed exchange-traded fund designed to achieve capital appreciation by investing primarily in U.S. equity securities. The fund allocates assets across the full spectrum of market capitalizations, including large-cap, mid-cap, and small-cap stocks, with a focus on common stocks. Utilizing a research-driven approach, the ETF identifies long-term drivers of stock returns such as valuation, growth, and quality, applying systematic analysis and proprietary risk management to construct a diversified portfolio. The fund’s holdings are broadly distributed, with significant exposure to sectors like technology, financials, and consumer cyclical industries. Fidelity Enhanced U.S. All-Cap Equity ETF tracks the performance of the Russell 3000® Index and aims to deliver returns that may exceed those of the benchmark. With a low expense ratio and a strategy emphasizing diversification and risk management, the ETF serves as a core equity holding for investors seeking broad exposure to the U.S. stock market.