Fidelity U.S. Value Currency Neutral ETF

Fidelity U.S. Value Currency Neutral Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. Value Currency Neutral Index. This Fidelity ETF invests primarily in equity securities of largeand mid-capitalization U.S. companies that have attractive valuationsand uses derivatives to try to minimize the exposure of currencyfluctuations between the U.S. and Canadian dollars. the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. Value Currency NeutralIndex. This Fidelity ETF invests primarily in equity securities of largeand mid-capitalization U.S. companies that have attractive valuationsand uses derivatives to try to minimize the exposure of currencyfluctuations between the U.S. and Canadian dollars.