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Fidelity Covington Trust - Fidelity Real Estate Investment ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Fidelity Management & Research (U.K.) Limited, Fidelity Management & Research (Hong Kong) Limited, and Fidelity Management & Research (Japan) Limited. The fund invests in public equity markets of global region. It invests in stocks of companies operating across real estate sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It seeks to benchmark the performance of its portfolio against the MSCI US IMI Real Estate 25/50 Index and the S&P 500 Index. Fidelity Covington Trust - Fidelity Real Estate Investment ETF was formed on February 2, 2021 and is domiciled in the United States.