FBUF ETF Profile

Family:	Fidelity
Name:	Fidelity Dynamic Buffered Equity ETF

Inception Date:	9-Apr-2024
Termination Date:
Investment Objective:	Fidelity Dynamic Buffered Equity ETF seeks capital appreciation. The fund invest at least 80% of assets in equity securities. Investing in equity securities of companies with market capitalizations generally similar to companies in the S&P 500 Index or Russell 1000 Index. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the S&P 500 Index. Employing a disciplined rules-based "Defensive Option Collar" strategy designed in combination with a diversified portfolio of equity securities to provide the fund with a significant portion of the returns associated with equity market investments while exposing investors to less risk than traditional long-only equity strategies. The "Defensive Options Collar" strategy involves purchasing index put options to provide downside protection in certain market conditions (i.e., offset or mitigate a decrease in the value of the fund's investments) and selling index call options that provides income to substantially offset the cost of that downside protection.

Prospectus

Number of Holdings:	188
Shares Outstanding:	250,000
Total Net Assets:	6,247,500
NAV:	24.97
Net Expense Ratio:	0.48%

Asset Class:	Equities (Stocks)
Developed or Emerging:	Developed Market Funds
Country:	US
Region:
Strategy:	Buffer protect options strategy
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Market Cap:	Large Cap
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Is Currency Hedged:	No
US or Ex-US:	Domestic