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Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. It is co-managed by Geode Capital Management, LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in less volatile and momentum stocks of companies across diversified market capitalization. The fund seeks to track the performance of the Fidelity Small-Mid Multifactor Index. Fidelity Covington Trust - Fidelity Small-Mid Multifactor ETF was formed on February 26, 2019 and is domiciled in the United States.