Fidelity U.S. High Dividend ETF

Fidelity U.S. High Dividend Index ETF (Fund) seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. High Dividend Index (Index). This Fund invests primarily in dividend paying equity securities of U.S. companies. In order to achieve its investment objective, the Fund normally invests its assets in the Constituent Securities of the Fidelity Canada U.S. High Dividend Index. The Index is designed to reflect the performance of stocks of large and mid capitalization dividend paying U.S. companies that are expected to continue to pay and grow their dividends. The universe of stocks for consideration in the Index consists of the largest 1,000 U.S. stocks based on float-adjusted market capitalization.