# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001410368-25-009105
**Filing Date:** 2025-9
**Character Count:** 40221
**Document Hash:** cec51b913d327b2c8de2d496bcccf879
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009105.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009105

**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:** 251335817

**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 Communication Services Index ETF (Series ID: S000042579)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000131671 | Fidelity MSCI Communication Services Index ETF | FCOM            |

## 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 Communication Services Index ETF

- **b. EDGAR series identifier (if any):** S000042579

- **c. LEI of Series:** 5493002BTS1FZF1TQT97

**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:** $1666907120.90

**Total Liabilities:** $124293.51

**Net Assets:** $1666782827.39

**Cash Not Reported:** $209032.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131671 | 8.54%                | 7.56%                | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4031060.46              | $111976749.07                              |
| Month 2  | $4840911.76              | $107209843.11                              |
| Month 3  | $2790.35                 | $33389315.17                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Atlanta Braves Holdings Inc              | Atlanta Braves Holdings Inc                                | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8028 | NS      | $378118.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                  | Nexstar Media Group Inc                                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     34600 | NS      | $6474006.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc       | Clear Channel Outdoor Holdings Inc                         | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    290218 | NS      | $307631.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar Inc                           | Globalstar Inc                                             | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |     60565 | NS      | $1422671.85   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                | Warner Bros Discovery Inc                                  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   1955271 | NS      | $25750919.07  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc                      | AST SpaceMobile Inc                                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |    190793 | NS      | $10144463.81  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc                              | Anterix Inc                                                | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     12151 | NS      | $269873.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                | DoubleVerify Holdings Inc                                  | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165310 | NS      | $2532549.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                            | EchoStar Corp                                              | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |    165854 | NS      | $5405181.86   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                               | Bumble Inc                                                 | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94750 | NS      | $737155.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                   | Liberty Broadband Corp                                     | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |    138780 | NS      | $8509989.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp                   | Lionsgate Studios Corp                                     | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    256305 | NS      | $1517325.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                 | Yelp Inc                                                   | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     73952 | NS      | $2546167.36   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                | News Corp                                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    451491 | NS      | $13237716.12  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd                       | Liberty Global Ltd                                         | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    197762 | NS      | $1981575.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc                    | Cinemark Holdings Inc                                      | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    126560 | NS      | $3400667.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co                  | Sphere Entertainment Co                                    | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     31092 | NS      | $1338510.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Live          | Liberty Media Corp-Liberty Live                            | CUSIP: 531229748<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22959 | NS      | $1878046.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                        | Omnicom Group Inc                                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |    188562 | NS      | $13585892.10  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                             | Comcast Corp                                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   1435157 | NS      | $47690267.11  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                                 | IDT Corp                                                   | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |     25537 | NS      | $1504384.67   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                 | Fox Corp                                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    260425 | NS      | $14521298.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                           | QuinStreet Inc                                             | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     63732 | NS      | $1045842.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trump Media & Technology Group Corp      | Trump Media & Technology Group Corp                        | CUSIP: 25400Q105<br>LEI: 6488S3A83U2SRQ48O215 | Long             | EC               | CORP              | US        |    167929 | NS      | $2953871.11   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc           | Telephone and Data Systems Inc                             | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119814 | NS      | $4677538.56   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp        | Madison Square Garden Sports Corp                          | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18555 | NS      | $3749965.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                | ZoomInfo Technologies Inc                                  | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    306922 | NS      | $3323965.26   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Taboola.com Ltd                          | Taboola.com Ltd                                            | CUSIP: 000000000<br>LEI: 984500F5945AFAFFCB30 | Long             | EC               | CORP              | IL        |    195509 | NS      | $627583.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1157463 | NS      | $222117149.70 | 13.33%            |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                   | Lumen Technologies Inc                                     | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |   1147331 | NS      | $5105622.95   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                   | Sirius XM Holdings Inc                                     | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242210 | NS      | $5115475.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus Corp/The                          | Marcus Corp/The                                            | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Long             | EC               | CORP              | US        |     28508 | NS      | $466675.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange              | S+P EMINI COM SER SEP25                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        20 | NC      | $18189.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                          | TripAdvisor Inc                                            | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |    137440 | NS      | $2403825.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc               | Iridium Communications Inc                                 | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |    117139 | NS      | $2865219.94   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent Inc       | Frontier Communications Parent Inc                         | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    251898 | NS      | $9254732.52   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                 | Gogo Inc                                                   | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     78611 | NS      | $1246770.46   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                   | TKO Group Holdings Inc                                     | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82779 | NS      | $13907699.79  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                   | Liberty Broadband Corp                                     | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     19594 | NS      | $1197781.22   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                         | Paramount Global                                           | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    708054 | NS      | $8900238.78   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                       | Trade Desk Inc/The                                         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    269519 | NS      | $23437372.24  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Cellular Corp              | United States Cellular Corp                                | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     18547 | NS      | $1352632.71   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc        | Take-Two Interactive Software Inc                          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    103162 | NS      | $22977272.26  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    897597 | NS      | $173110557.42 | 10.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc              | Atlanta Braves Holdings Inc                                | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55233 | NS      | $2461182.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                       | Walt Disney Co/The                                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    601978 | NS      | $71701599.58  | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                    | John Wiley & Sons Inc                                      | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     51128 | NS      | $1973540.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertainment Corp | Madison Square Garden Entertainment Corp                   | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46598 | NS      | $1760938.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                | IMAX Corp                                                  | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |     53486 | NS      | $1379403.94   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Omaha Corp                        | Boston Omaha Corp                                          | CUSIP: 101044105<br>LEI: 54930002FEWTYF4YFF19 | Long             | EC               | CORP              | US        |     27462 | NS      | $369363.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                          | Scholastic Corp                                            | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26307 | NS      | $648993.69    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EverQuote Inc                            | EverQuote Inc                                              | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32680 | NS      | $803601.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                              | Magnite Inc                                                | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    168024 | NS      | $3866232.24   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                       | Thryv Holdings Inc                                         | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49319 | NS      | $649038.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TechTarget Inc                           | TechTarget Inc                                             | CUSIP: 87874R308<br>LEI: 529900YQA5JL2H2VMB84 | Long             | EC               | CORP              | US        |     33914 | NS      | $245537.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinclair Inc                             | Sinclair Inc                                               | CUSIP: 829242106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40826 | NS      | $590343.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stagwell Inc                             | Stagwell Inc                                               | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |    110523 | NS      | $633296.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Entertainment Holdings Inc           | AMC Entertainment Holdings Inc                             | CUSIP: 00165C302<br>LEI: 549300ZO77UNR6NRBR11 | Long             | EC               | CORP              | US        |    517039 | NS      | $1499413.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                              | Netflix Inc                                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     56743 | NS      | $65787834.20  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                 | AT&T Inc                                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   2434783 | NS      | $66737402.03  | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                             | Cargurus Inc                                               | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     99675 | NS      | $3271333.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaAlpha Inc                           | MediaAlpha Inc                                             | CUSIP: 58450V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36798 | NS      | $368715.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                 | Snap Inc                                                   | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |   1270169 | NS      | $11977693.67  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                               | Reddit Inc                                                 | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77613 | NS      | $12463871.67  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                          | GCI Liberty Inc                                            | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27719 | NS      | $921656.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                           | Ziff Davis Inc                                             | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     51201 | NS      | $1593375.12   | 0.10%             |  |  |  | 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        |   1260000 | NS      | $1260000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                          | Match Group Inc                                            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |    283877 | NS      | $9728464.79   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                | Liberty Latin America Ltd                                  | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |     37305 | NS      | $263000.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                            | Cable One Inc                                              | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      5722 | NS      | $732301.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Corp         | Integral Ad Science Holding Corp                           | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98403 | NS      | $806904.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                | Liberty Latin America Ltd                                  | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |    158615 | NS      | $1132511.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms Inc                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    530829 | NS      | $410564381.76 | 24.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Gannett Co Inc                           | Gannett Co Inc                                             | CUSIP: 36472T109<br>LEI: 549300JQ2PU0RI3ZBA32 | Long             | EC               | CORP              | US        |    157451 | NS      | $599888.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc               | Verizon Communications Inc                                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   1516879 | NS      | $64861746.04  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ESC GCI LIBERTY INC SR                   | ESC GCI LIBERTY INC SR                                     | CUSIP: 361ESC049<br>LEI: 5493003JDENERRDYFN86 | Long             | EC               | CORP              | US        |     40953 | NS      | $0.41         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                 | Fox Corp                                                   | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    168215 | NS      | $8602515.10   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextdoor Holdings Inc                    | Nextdoor Holdings Inc                                      | CUSIP: 65345M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    254671 | NS      | $445674.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ZipRecruiter Inc                         | ZipRecruiter Inc                                           | CUSIP: 98980B103<br>LEI: 549300HLOVNNFCY2IV80 | Long             | EC               | CORP              | US        |     87232 | NS      | $366374.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc            | Live Nation Entertainment Inc                              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    130218 | NS      | $19233198.60  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co         | Shenandoah Telecommunications Co                           | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     55513 | NS      | $814930.84    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                                 | Angi Inc                                                   | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |     50401 | NS      | $817504.22    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                         | Shutterstock Inc                                           | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     28913 | NS      | $553973.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PubMatic Inc                             | PubMatic Inc                                               | CUSIP: 74467Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45390 | NS      | $545133.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One   | Liberty Media Corp-Liberty Formula One                     | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    184448 | NS      | $18509356.80  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                      | Electronic Arts Inc                                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    152810 | NS      | $23301996.90  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                            | Pinterest Inc                                              | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    452793 | NS      | $17477809.80  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                              | ROBLOX Corp                                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    306560 | NS      | $42240902.40  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc       | Cogent Communications Holdings Inc                         | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55470 | NS      | $2528877.30   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                | TEGNA Inc                                                  | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    191982 | NS      | $3206099.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                                 | Roku Inc                                                   | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |    151455 | NS      | $14261002.80  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr Inc                               | Grindr Inc                                                 | CUSIP: 39854F101<br>LEI: 254900J9EDQSYT0ERQ67 | Long             | EC               | CORP              | US        |     37573 | NS      | $656776.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vimeo Inc                                | Vimeo Inc                                                  | CUSIP: 92719V100<br>LEI: 25490061AWYWC90UIJ68 | Long             | EC               | CORP              | US        |    177992 | NS      | $674589.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                  | IAC Inc                                                    | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     84544 | NS      | $3322579.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| fuboTV Inc                               | fuboTV Inc                                                 | CUSIP: 35953D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    407147 | NS      | $1620445.06   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumble Inc                               | Rumble Inc                                                 | CUSIP: 78137L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89998 | NS      | $759583.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                    | New York Times Co/The                                      | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |    184483 | NS      | $9572822.87   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                          | T-Mobile US Inc                                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    186099 | NS      | $44367862.59  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibotta Inc                               | Ibotta Inc                                                 | CUSIP: 451051106<br>LEI: 54930026OZD4IQ7YR615 | Long             | EC               | CORP              | US        |     15786 | NS      | $573821.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/The         | Interpublic Group of Cos Inc/The                           | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |    443946 | NS      | $10921071.60  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc               | Charter Communications Inc                                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     55861 | NS      | $15046718.96  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Live          | Liberty Media Corp-Liberty Live                            | CUSIP: 531229722<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53198 | NS      | $4480867.54   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Altice USA Inc                           | Altice USA Inc                                             | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |    283846 | NS      | $737999.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd                       | Liberty Global Ltd                                         | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    172873 | NS      | $1768490.79   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                             | Cars.com Inc                                               | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     72989 | NS      | $939368.43    | 0.06%             |  |  |  | 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