# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001410368-25-009106
**Filing Date:** 2025-9
**Character Count:** 26301
**Document Hash:** 7165d932bd5699c4d34dbd9ca80ca589
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009106.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009106

**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:** 251335816

**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 Utilities Index ETF (Series ID: S000042571)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000131663 | Fidelity MSCI Utilities Index ETF | FUTY            |

## 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 Utilities Index ETF

- **b. EDGAR series identifier (if any):** S000042571

- **c. LEI of Series:** 549300QDQDYTEM1KET27

**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:** $1938308574.45

**Total Liabilities:** $133404.59

**Net Assets:** $1938175169.86

**Cash Not Reported:** $125330.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131663 | 3.58%                | 0.34%                | 4.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $563918.68               | $53505071.06                               |
| Month 2  | $-1834223.52             | $3800570.84                                |
| Month 3  | $1242029.94              | $88571828.24                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Clearway Energy Inc                 | Clearway Energy Inc                                        | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     45789 | NS      | $1409385.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries Inc    | Hawaiian Electric Industries Inc                           | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |    228721 | NS      | $2451889.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp           | New Jersey Resources Corp                                  | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    133464 | NS      | $6127332.24   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc      | American Electric Power Co Inc                             | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    709617 | NS      | $80286067.38  | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                         | Vistra Corp                                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    452036 | NS      | $94267587.44  | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc         | American Water Works Co Inc                                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |    259151 | NS      | $36343336.24  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                 | Dominion Energy Inc                                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |   1132511 | NS      | $66195267.95  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc          | Southwest Gas Holdings Inc                                 | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     76500 | NS      | $5977710.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                  | NextEra Energy Inc                                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   2735653 | NS      | $194395502.18 | 10.03%            |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                | WEC Energy Group Inc                                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    424038 | NS      | $46254065.04  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                     | Xcel Energy Inc                                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    765462 | NS      | $56215529.28  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                   | Atmos Energy Corp                                          | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    210934 | NS      | $32888829.28  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP              | XPLR Infrastructure LP                                     | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |    123542 | NS      | $1177355.26   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                            | PPL Corp                                                   | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    982128 | NS      | $35052148.32  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                         | Exelon Corp                                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |   1341574 | NS      | $60290335.56  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                 | Clearway Energy Inc                                        | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |    110119 | NS      | $3593182.97   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                     | Southern Co/The                                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   1457543 | NS      | $137708662.64 | 7.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                      | NRG Energy Inc                                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    270654 | NS      | $45253348.80  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                | Edison International                                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    511659 | NS      | $26667667.08  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                   | Talen Energy Corp                                          | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |     48383 | NS      | $18267969.31  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                            | Oklo Inc                                                   | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83133 | NS      | $6367156.47   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp           | Constellation Energy Corp                                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    416358 | NS      | $144825966.72 | 7.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co            | American States Water Co                                   | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     51091 | NS      | $3759786.69   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp          | Pinnacle West Capital Corp                                 | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    158425 | NS      | $14356473.50  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc       | Northwestern Energy Group Inc                              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     81372 | NS      | $4369676.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                           | Spire Inc                                                  | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     77408 | NS      | $5764573.76   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                        | Entergy Corp                                               | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    575414 | NS      | $52034688.02  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                    | Black Hills Corp                                           | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     95965 | NS      | $5544857.70   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co                  | Middlesex Water Co                                         | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23631 | NS      | $1219359.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                              | Sempra                                                     | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    866329 | NS      | $70761752.72  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                     | CMS Energy Corp                                            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |    397494 | NS      | $29335057.20  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange         | XAU UTILITIES SEP25                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        47 | NC      | $195915.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co        | Portland General Electric Co                               | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    145733 | NS      | $5992540.96   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc             | Consolidated Edison Inc                                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |    478671 | NS      | $49542448.50  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co        | Northwest Natural Holding Co                               | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     53615 | NS      | $2140310.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                     | OGE Energy Corp                                            | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    267545 | NS      | $12151893.90  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                 | Alliant Energy Corp                                        | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    341359 | NS      | $22191748.59  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| York Water Co/The                   | York Water Co/The                                          | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19441 | NS      | $588284.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                      | MGE Energy Inc                                             | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48459 | NS      | $4116107.46   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                          | Evergy Inc                                                 | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    305665 | NS      | $21641082.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                           | PG&E Corp                                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   2920506 | NS      | $40945494.12  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                         | H2O America                                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43126 | NS      | $2082554.54   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                     | TXNM Energy Inc                                            | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    123264 | NS      | $7000162.56   | 0.36%             |  |  |  | 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        |   4074000 | NS      | $4074000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc             | Essential Utilities Inc                                    | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    347837 | NS      | $12800401.60  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc              | CenterPoint Energy Inc                                     | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    866085 | NS      | $33621419.70  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                        | NiSource Inc                                               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    625388 | NS      | $26547720.60  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                    | FirstEnergy Corp                                           | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    728597 | NS      | $31118377.87  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                   | Eversource Energy                                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    487816 | NS      | $32244637.60  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                    | Duke Energy Corp                                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |   1032587 | NS      | $125603882.68 | 6.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                         | Ameren Corp                                                | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    359013 | NS      | $36306984.69  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                         | ONE Gas Inc                                                | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     79508 | NS      | $5780231.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group      | California Water Service Group                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     78923 | NS      | $3588628.81   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                         | Unitil Corp                                                | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21701 | NS      | $1119337.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc             | MDU Resources Group Inc                                    | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    257538 | NS      | $4442530.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                         | IDACORP Inc                                                | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     71828 | NS      | $9002203.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE Inc                          | ALLETE Inc                                                 | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |     77183 | NS      | $5088675.19   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                            | UGI Corp                                                   | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    285521 | NS      | $10330149.78  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp           | Chesapeake Utilities Corp                                  | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     30600 | NS      | $3668328.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                        | AES Corp                                                   | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    946056 | NS      | $12440636.40  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                         | Avista Corp                                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    106524 | NS      | $3973345.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc              | Ormat Technologies Inc                                     | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     76604 | NS      | $6849163.64   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                       | DTE Energy Co                                              | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    275771 | NS      | $38169464.11  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                     | Otter Tail Corp                                            | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49995 | NS      | $3858614.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                | National Fuel Gas Co                                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    114358 | NS      | $9925130.82   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc | Public Service Enterprise Group Inc                        | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    662539 | NS      | $59489376.81  | 3.07%             |  |  |  | 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