# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001410368-25-009098
**Filing Date:** 2025-9
**Character Count:** 38394
**Document Hash:** d18c69f0207b28ce8fbe4187f4f0ced2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009098.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009098

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251335809

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity MSCI Energy Index ETF (Series ID: S000042573)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000131665 | Fidelity MSCI Energy Index ETF | FENY            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FIDELITY COVINGTON TRUST

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 SUMMER STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** Fidelity MSCI Energy Index ETF

- **b. EDGAR series identifier (if any):** S000042573

- **c. LEI of Series:** 5493006XQ7X99D46W377

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1380033086.84

**Total Liabilities:** $98584.46

**Net Assets:** $1379934502.38

**Cash Not Reported:** $353835.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131665 | 1.99%                | 5.04%                | 2.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14391554.78             | $3875408.52                                |
| Month 2  | $45941700.29             | $17784820.48                               |
| Month 3  | $5857791.09              | $29126600.39                               |

### Schedule of Portfolio Investments

| Name                              | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EQT Corp                          | EQT Corp                                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    416769 | NS      | $22401333.75  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp               | Peabody Energy Corp                                        | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    108145 | NS      | $1746541.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP             | Plains GP Holdings LP                                      | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    159346 | NS      | $3123181.60   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HOLDINGS NV           | Expro Group Holdings NV                                    | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |    101890 | NS      | $1098374.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| REX American Resources Corp       | REX American Resources Corp                                | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19596 | NS      | $1024478.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp                   | NextDecade Corp                                            | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |    146931 | NS      | $1669136.16   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc             | Excelerate Energy Inc                                      | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33497 | NS      | $859533.02    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc        | Core Natural Resources Inc                                 | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     43161 | NS      | $3185713.41   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc     | Oceaneering International Inc                              | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     87067 | NS      | $1889353.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp               | Uranium Energy Corp                                        | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    363169 | NS      | $3148675.23   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                | Valero Energy Corp                                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    230841 | NS      | $31696777.71  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp           | Marathon Petroleum Corp                                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    233971 | NS      | $39819524.49  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                   | Schlumberger NV                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   1134210 | NS      | $38336298.00  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                  | Talos Energy Inc                                           | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    136471 | NS      | $1166827.05   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp            | Permian Resources Corp                                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    457013 | NS      | $6471304.08   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co                | Crescent Energy Co                                         | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166412 | NS      | $1537646.88   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corp                          | BKV Corp                                                   | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |     23557 | NS      | $486216.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                 | EOG Resources Inc                                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    406546 | NS      | $48793650.92  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The              | Williams Cos Inc/The                                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    891063 | NS      | $53419226.85  | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                    | CVR Energy Inc                                             | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     42050 | NS      | $1126099.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                    | Transocean Ltd                                             | CUSIP: 000000000<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |    642072 | NS      | $1874850.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy Inc                  | Vital Energy Inc                                           | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     37145 | NS      | $694240.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc               | Cheniere Energy Inc                                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    163472 | NS      | $38559775.36  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                 | Bristow Group Inc                                          | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |     15060 | NS      | $520624.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp         | California Resources Corp                                  | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     52817 | NS      | $2544723.06   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                | Coterra Energy Inc                                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    564984 | NS      | $13779959.76  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                       | Phillips 66                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    300513 | NS      | $37137396.54  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp              | Range Resources Corp                                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    183293 | NS      | $6730518.96   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc             | Civitas Resources Inc                                      | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     66081 | NS      | $2006219.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd                    | Dorian LPG Ltd                                             | CUSIP: 000000000<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |     40264 | NS      | $1159200.56   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                   | Baker Hughes Co                                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    726121 | NS      | $32711751.05  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc          | Patterson-UTI Energy Inc                                   | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    310141 | NS      | $1832933.31   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd                      | Seadrill Ltd                                               | CUSIP: 000000000<br>LEI: 213800EQ6L456U2JCO89 | Long             | EC               | CORP              | BM        |     53165 | NS      | $1550291.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                  | DT Midstream Inc                                           | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76121 | NS      | $7819910.33   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc | Solaris Energy Infrastructure Inc                          | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     34606 | NS      | $1130578.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                      | Archrock Inc                                               | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    130826 | NS      | $3056095.36   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                           | NOV Inc                                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    303718 | NS      | $3820772.44   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp             | ProPetro Holding Corp                                      | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104326 | NS      | $559187.36    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp              | Targa Resources Corp                                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    159573 | NS      | $26554542.93  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp         | Occidental Petroleum Corp                                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    517626 | NS      | $22744486.44  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                        | Cactus Inc                                                 | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     55407 | NS      | $2344270.17   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                  | Viper Energy Inc                                           | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |    101326 | NS      | $3815937.16   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                      | Chevron Corp                                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1453921 | NS      | $220472580.44 | 15.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc             | Helmerich & Payne Inc                                      | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     87471 | NS      | $1417904.91   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimbell Royalty Partners LP       | Kimbell Royalty Partners LP                                | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |     80324 | NS      | $1194417.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Water Solutions Inc          | Aris Water Solutions Inc                                   | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31788 | NS      | $676130.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc         | Innovex International Inc                                  | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     46357 | NS      | $761181.94    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp              | Gulfport Energy Corp                                       | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     12603 | NS      | $2194560.39   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                  | Exxon Mobil Corp                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2797355 | NS      | $312296712.20 | 22.63%            |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                      | SM Energy Co                                               | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     93587 | NS      | $2582065.33   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc         | International Seaways Inc                                  | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     36973 | NS      | $1475222.70   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HighPeak Energy Inc               | HighPeak Energy Inc                                        | CUSIP: 43114Q105<br>LEI: 549300J4RNCV140DUY76 | Long             | EC               | CORP              | US        |     44350 | NS      | $442169.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                    | PBF Energy Inc                                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     77491 | NS      | $1751296.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sable Offshore Corp               | Sable Offshore Corp                                        | CUSIP: 78574H104<br>LEI: 254900IMMKZUOZF7V487 | Long             | EC               | CORP              | US        |     53575 | NS      | $1643145.25   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp           | Texas Pacific Land Corp                                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14411 | NS      | $13951721.43  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc        | Select Water Solutions Inc                                 | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     97780 | NS      | $941621.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc             | Core Laboratories Inc                                      | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56138 | NS      | $614149.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian Inc     | Riley Exploration Permian Inc                              | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |     17232 | NS      | $452167.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                     | Tidewater Inc                                              | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     15045 | NS      | $752400.45    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc            | Comstock Resources Inc                                     | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     82316 | NS      | $1470986.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                 | Kosmos Energy Ltd                                          | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    495089 | NS      | $1064441.35   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                    | Noble Corp PLC                                             | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |    105051 | NS      | $2816417.31   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc            | Northern Oil & Gas Inc                                     | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     77114 | NS      | $2171530.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                       | Valaris Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     53479 | NS      | $2600683.77   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc  | Helix Energy Solutions Group Inc                           | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    145570 | NS      | $863230.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                   | Murphy Oil Corp                                            | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    112772 | NS      | $2797873.32   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors      | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |   4010000 | NS      | $4010000.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp              | Sitio Royalties Corp                                       | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75339 | NS      | $1368909.63   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp             | Antero Midstream Corp                                      | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    281821 | NS      | $5171415.35   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                    | TechnipFMC PLC                                             | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    318362 | NS      | $11578825.94  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                 | Kinder Morgan Inc                                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1461650 | NS      | $41013899.00  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                           | RPC Inc                                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120168 | NS      | $558781.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                  | HF Sinclair Corp                                           | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |    124105 | NS      | $5453173.70   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                          | APA Corp                                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    279321 | NS      | $5388102.09   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp               | Centrus Energy Corp                                        | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     14617 | NS      | $3148501.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                 | Chord Energy Corp                                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     47278 | NS      | $5216181.74   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesse Energy Inc                | Vitesse Energy Inc                                         | CUSIP: 92852X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35874 | NS      | $858464.82    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc          | Par Pacific Holdings Inc                                   | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     59985 | NS      | $1882329.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc        | Atlas Energy Solutions Inc                                 | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54914 | NS      | $713882.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Calumet Inc                       | Calumet Inc                                                | CUSIP: 131428104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68102 | NS      | $1085545.88   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                 | Devon Energy Corp                                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    459285 | NS      | $15257447.70  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp           | Magnolia Oil & Gas Corp                                    | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141155 | NS      | $3362312.10   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc             | Delek US Holdings Inc                                      | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     65685 | NS      | $1469373.45   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange       | XAE ENERGY SEP25                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        45 | NC      | $-18761.08    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc              | Kinetik Holdings Inc                                       | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38543 | NS      | $1671995.34   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc           | Kodiak Gas Services Inc                                    | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45213 | NS      | $1461736.29   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC     | Weatherford International PLC                              | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     58166 | NS      | $3289287.30   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc            | Diamondback Energy Inc                                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    140671 | NS      | $20912150.86  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy Inc           | New Fortress Energy Inc                                    | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |    160339 | NS      | $436923.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp             | Antero Resources Corp                                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    222290 | NS      | $7764589.70   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                 | Hess Midstream LP                                          | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98254 | NS      | $4276996.62   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co              | Matador Resources Co                                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     92073 | NS      | $4592601.24   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                       | Ovintiv Inc                                                | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    196148 | NS      | $8077374.64   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Industries Ltd             | Nabors Industries Ltd                                      | CUSIP: 000000000<br>LEI: 5493008TXYN3II3PU369 | Long             | EC               | CORP              | BM        |     17196 | NS      | $598076.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                | Liberty Energy Inc                                         | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133594 | NS      | $1648549.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                | CNX Resources Corp                                         | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    119475 | NS      | $3621287.25   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                | Expand Energy Corp                                         | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    154325 | NS      | $16170173.50  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                    | Halliburton Co                                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    643159 | NS      | $14406761.60  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                 | World Kinect Corp                                          | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     55057 | NS      | $1501404.39   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Ridge Resources Inc       | Granite Ridge Resources Inc                                | CUSIP: 387432107<br>LEI: 254900CAHJQKOQ1YZC67 | Long             | EC               | CORP              | US        |     94949 | NS      | $492785.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                         | ONEOK Inc                                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    456765 | NS      | $37504974.15  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                    | ConocoPhillips                                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    936336 | NS      | $89270274.24  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-18

**Name of Applicant:** FIDELITY COVINGTON TRUST

**Signature:** Stacie M Smith

**Name of Signer:** Stacie M Smith

**Title:** President and Treasurer