# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-23-066250
**Filing Date:** 2023-3
**Character Count:** 45396
**Document Hash:** 85a6f1794cd3150f15d3b27ddab77ac7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-066250.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-066250

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908
- **IRS NUMBER:** 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:** 23761837

**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:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $1702683688.46

**Total Liabilities:** $3739402.83

**Net Assets:** $1698944285.63

**Cash Not Reported:** $263374.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131665 | 1.48%                | -3.94%               | 2.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2834065.15              | $12084819.80                               |
| Month 2  | $14518002.97             | $-86250081.18                              |
| Month 3  | $4880343.17              | $41381897.96                               |

### 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        |    278059 | NS      | $9084187.53   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp              | Peabody Energy Corp                                        | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     98647 | NS      | $2751264.83   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Callon Petroleum Co              | Callon Petroleum Co                                        | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |     50678 | NS      | $2156348.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP            | Plains GP Holdings LP                                      | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    169848 | NS      | $2223310.32   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy Inc                   | PDC Energy Inc                                             | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     81391 | NS      | $5512612.43   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DMC Global Inc                   | DMC Global Inc                                             | CUSIP: 23291C103<br>LEI: 549300CBDXD1Z5MRNG02 | Long             | EC               | CORP              | US        |     20999 | NS      | $477517.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| W&T Offshore Inc                 | W&T Offshore Inc                                           | CUSIP: 92922P106<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | EC               | CORP              | US        |     98220 | NS      | $610928.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Oil Corp                  | Ranger Oil Corp                                            | CUSIP: 70788V102<br>LEI: 5493003S4AVU6OSXB118 | Long             | EC               | CORP              | US        |     18516 | NS      | $777672.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gevo Inc                         | Gevo Inc                                                   | CUSIP: 374396406<br>LEI: 549300IV6EW4O1OJD686 | Long             | EC               | CORP              | US        |    255253 | NS      | $541136.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HOLDINGS NV          | Expro Group Holdings NV                                    | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |     64496 | NS      | $1218329.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| REX American Resources Corp      | REX American Resources Corp                                | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16791 | NS      | $549401.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp                  | NextDecade Corp                                            | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |     59836 | NS      | $358417.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NexTier Oilfield Solutions Inc   | NexTier Oilfield Solutions Inc                             | CUSIP: 65290C105<br>LEI: 529900L27H2D4QT0IT24 | Long             | EC               | CORP              | US        |    170690 | NS      | $1607899.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc            | Excelerate Energy Inc                                      | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19250 | NS      | $448525.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                        | Hess Corp                                                  | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |    231294 | NS      | $34731107.04  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc    | Oceaneering International Inc                              | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     87909 | NS      | $1876857.15   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp              | Uranium Energy Corp                                        | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    300022 | NS      | $1209088.66   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp               | Valero Energy Corp                                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |    336454 | NS      | $47113653.62  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp          | Marathon Petroleum Corp                                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    503748 | NS      | $64741692.96  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp                | Marathon Oil Corp                                          | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |    647152 | NS      | $17777265.44  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Resources Inc               | Arch Resources Inc                                         | CUSIP: 03940R107<br>LEI: W47HVZ7Q6FXL86RELH91 | Long             | EC               | CORP              | US        |     15270 | NS      | $2260265.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                 | Schlumberger Ltd                                           | CUSIP: 000000000<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   1170729 | NS      | $66708138.42  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories NV             | Core Laboratories NV                                       | CUSIP: 000000000<br>LEI: 724500MDYY5VBSAF5W50 | Long             | EC               | CORP              | NL        |     42805 | NS      | $1095808.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                 | Talos Energy Inc                                           | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |     52230 | NS      | $1034676.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp           | Permian Resources Corp                                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    175795 | NS      | $1910891.65   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co               | Crescent Energy Co                                         | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38480 | NS      | $464068.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                 | Green Plains Inc                                           | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     37085 | NS      | $1289445.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviva Inc                       | Enviva Inc                                                 | CUSIP: 29415B103<br>LEI: 549300WH5VXDEFM5KR81 | Long             | EC               | CORP              | US        |     29598 | NS      | $1346117.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                | EOG Resources Inc                                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |    485250 | NS      | $64174312.50  | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The             | Williams Cos Inc/The                                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1011286 | NS      | $32603860.64  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                   | CVR Energy Inc                                             | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     28462 | NS      | $944938.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SilverBow Resources Inc          | SilverBow Resources Inc                                    | CUSIP: 82836G102<br>LEI: 5493007QR70AVQSNF619 | Long             | EC               | CORP              | US        |     14131 | NS      | $371221.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                   | Transocean Ltd                                             | CUSIP: 000000000<br>LEI: 529900QO4W5DQGBGEF32 | Long             | EC               | CORP              | CH        |    572227 | NS      | $3856809.98   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy Inc                 | Vital Energy Inc                                           | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     14034 | NS      | $789833.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc              | Cheniere Energy Inc                                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    198402 | NS      | $30313841.58  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange      | XAE ENERGY MAR23                                           | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        33 | NC      | $28065.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                | Bristow Group Inc                                          | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |      9315 | NS      | $284480.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp        | California Resources Corp                                  | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     45598 | NS      | $1948402.54   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc               | Coterra Energy Inc                                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    661203 | NS      | $16549911.09  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                      | Phillips 66                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    398803 | NS      | $39987976.81  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp             | Range Resources Corp                                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    221199 | NS      | $5534398.98   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc            | Civitas Resources Inc                                      | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     47414 | NS      | $3155401.70   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd                   | Dorian LPG Ltd                                             | CUSIP: 000000000<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |     32150 | NS      | $638177.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dril-Quip Inc                    | Dril-Quip Inc                                              | CUSIP: 262037104<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     32562 | NS      | $999979.02    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                  | Baker Hughes Co                                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    839545 | NS      | $26647158.30  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc         | Patterson-UTI Energy Inc                                   | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    184233 | NS      | $3095114.40   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                 | DT Midstream Inc                                           | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81439 | NS      | $4451455.74   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                     | Archrock Inc                                               | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    125882 | NS      | $1247490.62   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                   | ChampionX Corp                                             | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |    171212 | NS      | $5653420.24   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                          | NOV Inc                                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    329709 | NS      | $8058087.96   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp            | ProPetro Holding Corp                                      | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74838 | NS      | $744638.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp             | Targa Resources Corp                                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    180238 | NS      | $13521454.76  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp        | Occidental Petroleum Corp                                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    771675 | NS      | $49996823.25  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                       | Cactus Inc                                                 | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     52190 | NS      | $2824000.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                     | Chevron Corp                                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1476831 | NS      | $256998130.62 | 15.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Partners LP         | Viper Energy Partners LP                                   | CUSIP: 92763M105<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     52441 | NS      | $1665001.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| US Silica Holdings Inc           | US Silica Holdings Inc                                     | CUSIP: 90346E103<br>LEI: 529900HOXGPM9F75C193 | Long             | EC               | CORP              | US        |     68575 | NS      | $839358.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc            | Helmerich & Payne Inc                                      | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     91004 | NS      | $4408233.76   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimbell Royalty Partners LP      | Kimbell Royalty Partners LP                                | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |     49771 | NS      | $810769.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp             | Gulfport Energy Corp                                       | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     11370 | NS      | $774865.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gran Tierra Energy Inc           | Gran Tierra Energy Inc                                     | CUSIP: 38500T101<br>LEI: 549300IH2S17MAIUCM32 | Long             | EC               | CORP              | US        |    398331 | NS      | $386301.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                 | Exxon Mobil Corp                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   3345518 | NS      | $388113543.18 | 22.84%            |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                     | SM Energy Co                                               | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    104484 | NS      | $3434389.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc        | International Seaways Inc                                  | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     35830 | NS      | $1391637.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tellurian Inc                    | Tellurian Inc                                              | CUSIP: 87968A104<br>LEI: 254900ZYXZHH5MQG6H78 | Long             | EC               | CORP              | US        |    455144 | NS      | $905736.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                   | PBF Energy Inc                                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     82955 | NS      | $3483280.45   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp          | Texas Pacific Land Corp                                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5159 | NS      | $10296590.15  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Energy Services Inc       | Select Energy Services Inc                                 | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     62621 | NS      | $549812.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                    | Tidewater Inc                                              | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     11838 | NS      | $513769.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc           | Comstock Resources Inc                                     | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     83134 | NS      | $1010078.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SandRidge Energy Inc             | SandRidge Energy Inc                                       | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |      8844 | NS      | $139823.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                | Kosmos Energy Ltd                                          | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    391699 | NS      | $3098339.09   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                   | Noble Corp PLC                                             | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     85229 | NS      | $3467968.01   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil and Gas Inc         | Northern Oil and Gas Inc                                   | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     58829 | NS      | $1971948.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd                      | Valaris Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     23213 | NS      | $1686192.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc | Helix Energy Solutions Group Inc                           | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    136857 | NS      | $1085276.01   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitrans Midstream Corp         | Equitrans Midstream Corp                                   | CUSIP: 294600101<br>LEI: 549300RH0NLJNZ5SXU64 | Long             | EC               | CORP              | US        |    352571 | NS      | $2556139.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                  | Murphy Oil Corp                                            | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    129255 | NS      | $5636810.55   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp             | Sitio Royalties Corp                                       | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63349 | NS      | $1683182.93   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp            | Antero Midstream Corp                                      | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    264827 | NS      | $2886614.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                   | TechnipFMC PLC                                             | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    363346 | NS      | $5046875.94   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                | Kinder Morgan Inc                                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   1691598 | NS      | $30956243.40  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                          | RPC Inc                                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72735 | NS      | $721531.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                 | HF Sinclair Corp                                           | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136387 | NS      | $7760420.30   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                         | APA Corp                                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    309567 | NS      | $13723105.11  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp              | Centrus Energy Corp                                        | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     10336 | NS      | $424292.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                | Chord Energy Corp                                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     35773 | NS      | $5127344.09   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ProFrac Holding Corp             | ProFrac Holding Corp                                       | CUSIP: 74319N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16962 | NS      | $381645.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesse Energy Inc               | Vitesse Energy Inc                                         | CUSIP: 92852X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8642 | NS      | $137926.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc         | Par Pacific Holdings Inc                                   | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     43881 | NS      | $1172939.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Denbury Inc                      | Denbury Inc                                                | CUSIP: 24790A101<br>LEI: 549300KCWA5W52MS5559 | Long             | EC               | CORP              | US        |     42170 | NS      | $3659512.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alto Ingredients Inc             | Alto Ingredients Inc                                       | CUSIP: 021513106<br>LEI: 549300TI77MKE21DLE34 | Long             | EC               | CORP              | US        |     94790 | NS      | $321338.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc           | TETRA Technologies Inc                                     | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |    121396 | NS      | $480728.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                | Devon Energy Corp                                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    528857 | NS      | $33444916.68  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp          | Magnolia Oil & Gas Corp                                    | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144932 | NS      | $3421844.52   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc            | Delek US Holdings Inc                                      | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     59610 | NS      | $1595163.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc             | Kinetik Holdings Inc                                       | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17734 | NS      | $554896.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co     | Pioneer Natural Resources Co                               | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |    190445 | NS      | $43869005.75  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Earthstone Energy Inc            | Earthstone Energy Inc                                      | CUSIP: 27032D304<br>LEI: 54930081UTV7CK45XG14 | Long             | EC               | CORP              | US        |     46600 | NS      | $647740.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EnLink Midstream LLC             | EnLink Midstream LLC                                       | CUSIP: 29336T100<br>LEI: 54930000GY1H533OBE23 | Long             | EC               | CORP              | US        |    229235 | NS      | $2915869.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Energy Inc                | Vertex Energy Inc                                          | CUSIP: 92534K107<br>LEI: 549300TTMSREGCR7D585 | Long             | EC               | CORP              | US        |     64226 | NS      | $467565.28    | 0.03%             |  |  |  | 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        |   2080000 | NS      | $2080000.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC    | Weatherford International PLC                              | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     58724 | NS      | $3340221.12   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc           | Diamondback Energy Inc                                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    142360 | NS      | $20801643.20  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy Inc          | New Fortress Energy Inc                                    | CUSIP: 644393100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36848 | NS      | $1429333.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp            | Antero Resources Corp                                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    235834 | NS      | $6801452.56   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                | Hess Midstream LP                                          | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39325 | NS      | $1214356.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Corp                       | Berry Corp                                                 | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57257 | NS      | $526764.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co             | Matador Resources Co                                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     99496 | NS      | $6582655.36   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                      | Ovintiv Inc                                                | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    215971 | NS      | $10632252.33  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Offshore Drilling Inc    | Diamond Offshore Drilling Inc                              | CUSIP: 25271C201<br>LEI: F14FQJ2EEHW5VPYUHL14 | Long             | EC               | CORP              | US        |     92650 | NS      | $1061769.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwestern Energy Co           | Southwestern Energy Co                                     | CUSIP: 845467109<br>LEI: EFWMP121W54QV9MGOP87 | Long             | EC               | CORP              | US        |    753243 | NS      | $4157901.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Industries Ltd            | Nabors Industries Ltd                                      | CUSIP: 000000000<br>LEI: 5493008TXYN3II3PU369 | Long             | EC               | CORP              | BM        |      7961 | NS      | $1413395.94   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc               | Liberty Energy Inc                                         | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114640 | NS      | $1814751.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp               | CNX Resources Corp                                         | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |    178498 | NS      | $2986271.54   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp           | Chesapeake Energy Corp                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     85861 | NS      | $7445865.92   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                   | Halliburton Co                                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    752292 | NS      | $31009476.24  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| World Fuel Services Corp         | World Fuel Services Corp                                   | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     54178 | NS      | $1533237.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                        | ONEOK Inc                                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    371664 | NS      | $25451550.72  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOL Energy Inc                | CONSOL Energy Inc                                          | CUSIP: 20854L108<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     29461 | NS      | $1703729.63   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Energy Fuels Corp          | Clean Energy Fuels Corp                                    | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               | CORP              | US        |    165801 | NS      | $938433.66    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                   | ConocoPhillips                                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    962702 | NS      | $117324492.74 | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |
| VAALCO Energy Inc                | VAALCO Energy Inc                                          | CUSIP: 91851C201<br>LEI: 549300CFHFVIWB8M6T24 | Long             | EC               | CORP              | US        |    104777 | NS      | $487213.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** FIDELITY COVINGTON TRUST

**Signature:** Laura Del Prato

**Name of Signer:** Laura Del Prato

**Title:** President and Treasurer