Fidelity U.S. High Quality Currency Neutral ETF

The ETF seeks to replicate to the extent reasonably possible and before fees and expenses the performance of the Fidelity Canada Us High Quality Currency Neutral Index the Index. It invests primarily in equity securities of large and midcapitalization U.S. companies with a higher quality profile than the broader U.S. equity market. The ETF uses derivatives to try to minimize the exposure to currency fluctuations between the U.S. and Canadian dollars. The Index is designed to reflect the performance of of stocks of large and midcapitalization U.S. companies with a higher quality profile than the broader U.S. equity market. x.