# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001410368-26-029068
**Filing Date:** 2026-3
**Character Count:** 37444
**Document Hash:** afa74c5c68f8432bd4c1338dbf19d59f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-029068.hdr.sgml**: 20260324

**ACCESSION NUMBER**: 0001410368-26-029068

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260324

**DATE AS OF CHANGE**: 20260324

**PERIOD START**: 20260731

**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:** 26784441

**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:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1822395640.27

**Total Liabilities:** $132810.78

**Net Assets:** $1822262829.49

**Cash Not Reported:** $234834.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131671 | 2.35%                | 1.56%                | 3.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $101556323.66            | $-53523919.37                              |
| Month 2  | $2682105.85              | $24975609.82                               |
| Month 3  | $92430341.73             | $-36806692.41                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMC Entertainment Holdings Inc           | AMC Entertainment Holdings Inc                             | CUSIP: 00165C302<br>LEI: 549300ZO77UNR6NRBR11 | Long             | EC               | CORP              | US        |    537217 | NS      | $746731.63    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                                 | Angi Inc                                                   | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |     39323 | NS      | $510412.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                 | AT&T Inc                                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   2797380 | NS      | $73319329.80  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc                      | AST SpaceMobile Inc                                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |    229209 | NS      | $25490332.89  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    543140 | NS      | $183869184.20 | 10.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                             | Alphabet Inc                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    796076 | NS      | $269073688.00 | 14.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Optimum Communications Inc               | Optimum Communications Inc                                 | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |    252008 | NS      | $385572.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc              | Atlanta Braves Holdings Inc                                | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7272 | NS      | $320113.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc              | Atlanta Braves Holdings Inc                                | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48959 | NS      | $1954932.87   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                               | Bumble Inc                                                 | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96401 | NS      | $322943.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                            | Cable One Inc                                              | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      5024 | NS      | $406893.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                             | Cargurus Inc                                               | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     89599 | NS      | $2903007.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                             | Cars.com Inc                                               | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     61120 | NS      | $694323.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc               | Charter Communications Inc                                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     93511 | NS      | $19274487.32  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc                    | Cinemark Holdings Inc                                      | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |    109143 | NS      | $2584506.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc       | Clear Channel Outdoor Holdings Inc                         | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    264811 | NS      | $553454.99    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc       | Cogent Communications Holdings Inc                         | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51497 | NS      | $1251377.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                             | Comcast Corp                                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   1782256 | NS      | $53022116.00  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Trump Media & Technology Group Corp      | Trump Media & Technology Group Corp                        | CUSIP: 25400Q105<br>LEI: 6488S3A83U2SRQ48O215 | Long             | EC               | CORP              | US        |    175330 | NS      | $2240717.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                       | Walt Disney Co/The                                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    673786 | NS      | $76003060.80  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                | DoubleVerify Holdings Inc                                  | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147315 | NS      | $1593948.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                            | EchoStar Corp                                              | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |    148201 | NS      | $16779317.22  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                      | Electronic Arts Inc                                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    171502 | NS      | $34972687.84  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| EverQuote Inc                            | EverQuote Inc                                              | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31027 | NS      | $704312.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms Inc                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    630082 | NS      | $451453753.00 | 24.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                 | Fox Corp                                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    221099 | NS      | $16091585.22  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                 | Fox Corp                                                   | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |    161257 | NS      | $10573621.49  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| fuboTV Inc                               | fuboTV Inc                                                 | CUSIP: 35953D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    358617 | NS      | $799715.91    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                          | GCI Liberty Inc                                            | CUSIP: 36164V800<br>LEI: 5493003JDENERRDYFN86 | Long             | EC               | CORP              | US        |     34407 | NS      | $1272714.93   | 0.07%             |  |  |  | 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      |
| USA TODAY Co Inc                         | USA TODAY Co Inc                                           | CUSIP: 36472T109<br>LEI: 549300JQ2PU0RI3ZBA32 | Long             | EC               | CORP              | US        |    145876 | NS      | $863585.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar Inc                           | Globalstar Inc                                             | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |     53380 | NS      | $3289275.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                 | Gogo Inc                                                   | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     77020 | NS      | $353521.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr Inc                               | Grindr Inc                                                 | CUSIP: 39854F101<br>LEI: 254900J9EDQSYT0ERQ67 | Long             | EC               | CORP              | US        |     40173 | NS      | $454758.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                  | IAC Inc                                                    | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |     74432 | NS      | $2750262.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                                 | IDT Corp                                                   | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |     22303 | NS      | $1084594.89   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibotta Inc                               | Ibotta Inc                                                 | CUSIP: 451051106<br>LEI: 54930026OZD4IQ7YR615 | Long             | EC               | CORP              | US        |     15869 | NS      | $327853.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                | IMAX Corp                                                  | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     47882 | NS      | $1671560.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc               | Iridium Communications Inc                                 | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |    100900 | NS      | $2009928.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                           | Ziff Davis Inc                                             | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     43385 | NS      | $1658174.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                   | Liberty Broadband Corp                                     | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     17193 | NS      | $825607.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                   | Liberty Broadband Corp                                     | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |    124889 | NS      | $6008409.79   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Live Holdings Inc                | Liberty Live Holdings Inc                                  | CUSIP: 530909100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18976 | NS      | $1526429.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Live Holdings Inc                | Liberty Live Holdings Inc                                  | CUSIP: 530909308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47031 | NS      | $3883819.98   | 0.21%             |  |  |  | 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        |    223740 | NS      | $19469854.80  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp                   | Lionsgate Studios Corp                                     | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    214088 | NS      | $2020990.72   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc            | Live Nation Entertainment Inc                              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |    170705 | NS      | $24829042.25  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                   | Lumen Technologies Inc                                     | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |   1026598 | NS      | $9054594.36   | 0.50%             |  |  |  | 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        |     40692 | NS      | $2517614.04   | 0.14%             |  |  |  | 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        |     16418 | NS      | $4655323.90   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co                  | Sphere Entertainment Co                                    | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     27056 | NS      | $2584118.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                              | Magnite Inc                                                | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    150362 | NS      | $2175738.14   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                          | Match Group Inc                                            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |    240751 | NS      | $7499393.65   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaAlpha Inc                           | MediaAlpha Inc                                             | CUSIP: 58450V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30173 | NS      | $308669.79    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                              | Netflix Inc                                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    678268 | NS      | $56628595.32  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                    | New York Times Co/The                                      | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |    162099 | NS      | $11883477.69  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                | News Corp                                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |    395998 | NS      | $10703825.94  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                  | Nexstar Media Group Inc                                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     30321 | NS      | $6439573.98   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextdoor Holdings Inc                    | Nextdoor Holdings Inc                                      | CUSIP: 65345M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    223390 | NS      | $437844.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                        | Omnicom Group Inc                                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |    336707 | NS      | $25939907.28  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp                  | Paramount Skydance Corp                                    | CUSIP: 69932A204<br>LEI: 529900B6VAJG54Y9QF02 | Long             | EC               | CORP              | US        |    336379 | NS      | $3770808.59   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                            | Pinterest Inc                                              | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |    631857 | NS      | $13982995.41  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                           | QuinStreet Inc                                             | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     57167 | NS      | $759749.43    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                               | Reddit Inc                                                 | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |    106429 | NS      | $19185955.83  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                              | ROBLOX Corp                                                | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |    367323 | NS      | $24155160.48  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                                 | Roku Inc                                                   | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |    137171 | NS      | $13058679.20  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumble Inc                               | Rumble Inc                                                 | CUSIP: 78137L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78889 | NS      | $448878.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                          | Scholastic Corp                                            | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21635 | NS      | $756575.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co         | Shenandoah Telecommunications Co                           | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     48876 | NS      | $580158.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                         | Shutterstock Inc                                           | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     26001 | NS      | $516119.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinclair Inc                             | Sinclair Inc                                               | CUSIP: 829242106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38418 | NS      | $557445.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                   | Sirius XM Holdings Inc                                     | CUSIP: 829933100<br>LEI: 54930055RWDMVXAGZK98 | Long             | EC               | CORP              | US        |    195038 | NS      | $3969023.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                 | Snap Inc                                                   | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |   1133950 | NS      | $7858273.50   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Stagwell Inc                             | Stagwell Inc                                               | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |    121938 | NS      | $732847.38    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                   | TKO Group Holdings Inc                                     | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73534 | NS      | $14896517.72  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                          | T-Mobile US Inc                                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    239962 | NS      | $47322906.02  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc        | Take-Two Interactive Software Inc                          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    139937 | NS      | $30828121.10  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                | TEGNA Inc                                                  | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    169618 | NS      | $3249880.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc           | Telephone and Data Systems Inc                             | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |    108038 | NS      | $4875754.94   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                       | Trade Desk Inc/The                                         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    469330 | NS      | $14234778.90  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                          | TripAdvisor Inc                                            | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |    103385 | NS      | $1373986.65   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Digital Infrastructure Inc         | Array Digital Infrastructure Inc                           | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     16760 | NS      | $807664.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                          | Uniti Group Inc                                            | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    162708 | NS      | $1353730.56   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc               | Verizon Communications Inc                                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   1682645 | NS      | $74911355.40  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Versant Media Group Inc                  | Versant Media Group Inc                                    | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |     77472 | NS      | $2524037.76   | 0.14%             |  |  |  | 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        |   1520000 | NS      | $1520000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                | Warner Bros Discovery Inc                                  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   2025356 | NS      | $55778304.24  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                    | John Wiley & Sons Inc                                      | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     44750 | NS      | $1397542.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                 | Yelp Inc                                                   | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     63358 | NS      | $1734742.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                | ZoomInfo Technologies Inc                                  | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    285641 | NS      | $2299410.05   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange              | S+P EMINI COM SER MAR26                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        32 | NC      | $223896.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd                       | Liberty Global Ltd                                         | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    175103 | NS      | $1941892.27   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd                       | Liberty Global Ltd                                         | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    144613 | NS      | $1602312.04   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NIQ Global Intelligence Plc              | NIQ Global Intelligence Plc                                | CUSIP: 000000000<br>LEI: 529900Z0P0XAM4O3H416 | Long             | EC               | CORP              | IE        |     61789 | NS      | $1049795.11   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                | Liberty Latin America Ltd                                  | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |     31875 | NS      | $246075.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                | Liberty Latin America Ltd                                  | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |    141261 | NS      | $1099010.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Taboola.com Ltd                          | Taboola.com Ltd                                            | CUSIP: 000000000<br>LEI: 984500F5945AFAFFCB30 | Long             | EC               | CORP              | IL        |    152464 | NS      | $609856.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-13

**Name of Applicant:** FIDELITY COVINGTON TRUST

**Signature:** Stacie M Smith

**Name of Signer:** Stacie M Smith

**Title:** President and Treasurer