Fidelity Metaverse ETF FMET Strategy

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Metaverse IndexSM. The fund normally invests at least 80% of the fund's assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse.