---
ticker: "FEMR"
name: "Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETF"
url: "https://etf.net/etf/FEMR"
grade: "B"
score: 68
graded_at: "2026-10-12"
category: "Emerging Markets Active Equity"
category_rank: "7 of 28"
methodology: "https://etf.net/methodology"
---

# FEMR: Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETF

Grade **B**, Score 68 of 100. Rank 7 of 28 in Emerging Markets Active Equity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 85 | 5 of 28 |
| Mission | Not scored | — |
| Risk | 37 | 23 of 28 |
| Tradability | 72 | 8 of 28 |
| Holdings | 64 | 11 of 26 |
| Durability | 58 | 13 of 28 |

## Top holdings

The fund holds 181 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | 2330.TW | Taiwan Semiconductor Mfg Co Lt | 15.10% |
| 2 | 005930.KS | Samsung Electronics Co Ltd | 6.32% |
| 3 | 000660.KS | Sk Hynix Inc | 4.21% |
| 4 | — | Cash Cf | 2.59% |
| 5 | 2454.TW | Media Tek Inc | 2.30% |
| 6 | 0700.HK | Tencent Holdings Ltd | 1.97% |
| 7 | PBR | Petroleo Brasileiro SA - Petro | 1.47% |
| 8 | 2308.TW | Delta Electronics Ind Co Ltd | 1.44% |
| 9 | 2317.TW | Hon Hai Precision Ind Co Ltd | 1.42% |
| 10 | NU | Nu Holdings Ltd/Cayman Islands | 1.33% |
| 11 | 1303.TW | Nan Ya Plastics Corp | 1.30% |
| 12 | 3711.TW | Ase Technology Holding Co Ltd | 1.17% |
| 13 | 9988.HK | Alibaba Group Holding Ltd | 1.16% |
| 14 | 0939.HK | China Construction Bank Corp H | 1.01% |
| 15 | 402340.KS | Sk Square Co Ltd | 1.00% |
| 16 | 009150.KS | Samsung Electro-Mechanics Co | 0.99% |
| 17 | 005935.KS | Samsung Electronics Co Ltd Pfd | 0.94% |
| 18 | 0992.HK | Lenovo Group Ltd | 0.88% |
| 19 | 1120.SR | Al Rajhi Banking &INVEST Corp | 0.86% |
| 20 | 2269.HK | Wuxi Biologics (Cayman) Inc | 0.84% |
| 21 | ITUB4.SA | Itau Unibanco Holding SA | 0.84% |
| 22 | 2222.SR | Saudi Aramco | 0.84% |
| 23 | SCCO | Southern Copper Corp | 0.80% |
| 24 | 034730.KS | Sk Inc | 0.77% |
| 25 | VBBR3.SA | Vibra Energia SA | 0.77% |
| 26 | 066570.KS | Lg Electronics Inc | 0.76% |
| 27 | 2885.TW | Yuanta Finl Hldg Co Ltd | 0.76% |
| 28 | 2890.TW | Sinopac Holdings | 0.75% |
| 29 | 2344.TW | Winbond Electronics Corp | 0.75% |
| 30 | PTT-R.BK | Ptt Pcl Nvdr | 0.73% |

Source: etf.net, https://etf.net/etf/FEMR. Please cite the page URL.