DISTRIBUTION SCHEDULE DOMESTIC EQUITY FUNDS

Fidelity Exchange Traded Funds

EQUITY ETF DISTRIBUTION SCHEDULE

Ex-Date Record Date Payable Date

March 3/19/21 3/22/21 3/24/21

June 6/18/21 6/21/21 6/23/21

September 9/17/21 9/20/21 9/22/21

December 12/17/21 12/20/21 12/22/21

ACTIVE EQUITY ETFS

Fidelity Blue Chip Growth ETF (FBCG)

Fidelity New Millennium ETF (FMIL)

Fidelity Blue Chip Value ETF (FBCV)

Fidelity Real Estate Investment ETF (FPRO)

Fidelity Growth Opportunities ETF (FGRO)

Fidelity Small-Mid Cap Opportunities ETF (FSMO)

Fidelity Magellan ETF (FMAG)

These Active Equity ETFs are different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. These ETFs will not. This may create additional risks for your investment. For example: You may have to pay more money to trade shares of these ETFs' shares. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information. The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because they provide less information to traders. These additional risks may be even greater in bad or uncertain market conditions. These ETFs will publish on their website each day a "Tracking Basket" designed to help trading in shares of the ETFs. While the Tracking Basket includes some of these ETFs' holdings, it is not the ETFs' actual portfolio. The differences between these ETFs and other ETFs may also have advantages. By keeping certain information about these ETFs secret, they may face less risk that other traders can predict or copy its investment strategy. This may improve these ETFs' performance. If other traders are able to copy or predict these ETFs' investment strategy, however, this may hurt these ETFs' performance. For additional information regarding the unique attributes and risks of these ETFs, see more information about the Tracking Basket on the next page.

PASSIVE EQUITY SECTORS Fidelity MSCI? Consumer Discretionary Index ETF (FDIS) Fidelity MSCI? Health Care Index ETF (FHLC) Fidelity MSCI? Real Estate Index ETF (FREL) Fidelity MSCI? Consumer Staples Index ETF (FSTA) Fidelity MSCI? Industrials Index ETF (FIDU) Fidelity MSCI? Utilities Index ETF (FUTY) Fidelity MSCI? Energy Index ETF (FENY) Fidelity MSCI? Information Technology Index ETF (FTEC) Fidelity MSCI? Financials Index ETF (FNCL) Fidelity MSCI? Materials Index ETF (FMAT)

DISTRIBUTION SCHEDULE 2021

Potential Distribution for Excise Purposes

12/30/21 12/31/21

1/4/22

FACTOR--DOMESTIC EQUITY ETFS Fidelity Dividend ETF for Rising Rates (FDRR) Fidelity Quality Factor ETF (FQAL) Fidelity Value Factor ETF (FVAL) Fidelity High Dividend ETF (FDVV) Fidelity Small-Mid Multifactor ETF* (FSMD) Fidelity Low Volatility Factor ETF (FDLO) Fidelity Stocks for Inflation ETF (FCPI) Fidelity Momentum Factor ETF(FDMO) Fidelity U.S. Multifactor ETF (FLRG)

FACTOR--INTERNATIONAL EQUITY ETFS Fidelity International High Dividend ETF (FIDI) Fidelity International Value Factor ETF (FDRR) Fidelity Emerging Markets Multifactor ETF* (FDEM) Fidelity International Multifactor ETF* (FIVA) PASSIVE BROAD-BASED EQUITY Fidelity? NASDAQ Composite Index? ETF* (ONEQ)

Fixed Income ETF Distribution Schedule on page 2. Not FDIC Insured ? May Lose Value ? No Bank Guarantee

FIXED INCOME ETF DISTRIBUTION SCHEDULE

Ex-Date Record Date Payable Date

January 1/27/21 1/28/21 2/1/21

February 2/24/21 2/25/21 3/1/21

March 3/29/21 3/30/21 4/1/21

FIXED INCOME FUNDS Fidelity Corporate Bond ETF (FCOR) Fidelity Total Bond ETF (FBND) Fidelity Investment Grade Bond ETF (FIGB) Fidelity Investment Grade Securitized ETF (FSEC) Fidelity Limited Term Bond ETF (FLTB)

April 4/28/21 4/29/21 5/3/21

May 5/26/21 5/27/21 6/1/21

June

6/28/21 6/29/21 7/1/21

July

7/28/21 7/29/21 8/2/21

August

8/27/21 8/30/21 9/1/21

September

9/28/21 9/29/21 10/1/21

October

10/27/21 10/28/21 11/1/21

November

11/26/21 11/29/21 12/1/21

December

12/29/21 12/30/21

1/3/22

FACTOR--FIXED INCOME Fidelity High Yield Factor ETF (FDHY) Fidelity Low Duration Bond Factor ETF (FLDR)

Potential Distribution for Excise Purposes

12/3/21 12/6/21

12/8/21

* Prior to 12/1/20 Fidelity Emerging Markets Multifactor ETF was named Fidelity Targeted Emerging Markets ETF, Fidelity International Multifactor ETF was named Fidelity Targeted International ETF, and Fidelity Small-Mid Multifactor ETF was named Fidelity Small-Mid Factor ETF. Prior to 1/29/21 Fidelity? NASDAQ Composite Index? ETF was named Fidelity Nasdaq Composite Index? Tracking Stock.

Active Equity ETFs: The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the Fund's latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on or i.. Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund's trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders. Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.

There is no guarantee that a factor-based investing strategy will enhance performance or reduce risk. Before investing, make sure you understand how the fund's factor investment strategy may differ from that of more traditional index products. Depending on market conditions, a fund may underperform, potentially for extended periods of time, compared to products that seek to track a more traditional index. The return of an index ETF is usually different from that of the index it tracks because of fees, expenses, and tracking error. An ETF may trade at a premium or discount to its Net Asset Value (NAV).

Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Because of their narrow focus, sector funds tend to be more volatile than funds that diversify across many sectors and companies. Each sector fund is also subject to the additional risks associated with its particular industry.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation, credit, and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so holding them until maturity to avoid losses caused by price volatility is not possible. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The securities of smaller, less well-known companies can be more volatile than those of larger companies.

Exchange traded funds (ETFs) are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.

Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

Not NCUA or NCUSIF insured. May lose value. No credit union guarantee.

Third-party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliated company.

Before investing in any exchange traded product, consider its investment objectives, risks, charges, and expenses. Contact your investment professional or visit i. for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity Clearing & Custody Solutions? provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC.

678168.19.0

FIDELITY BROKERAGE SERVICES LLC, MEMBER NYSE, SIPC, 900 SALEM STREET, SMITHFIELD, RI 02917 FIDELITY DISTRIBUTORS COMPANY LLC, 500 SALEM STREET, SMITHFIELD, RI 02917

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