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Fidelity Covington Trust - Fidelity Preferred Securities & Income ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, Fidelity Management & Research (U.K.) Limited. It invests in the fixed income markets of global region. The fund invests in investment grade preferred securities and other income-producing securities that are rated at least BB by S&P and Ba by Moody's. It employs fundamental analysis to create its portfolio. Fidelity Covington Trust - Fidelity Preferred Securities & Income ETF was formed on June 15, 2021 and is domiciled in the United States.