Managed by Fidelity Management & Research Company LLC, this U.S.-domiciled exchange-traded fund (ETF), the Fidelity Enhanced Small Cap Value ETF, falls under the Fidelity Covington Trust. Its investment strategy is centered on acquiring publicly traded U.S. equities, specifically targeting value stocks of small-capitalization companies. The selection criteria for these small-cap firms adhere to the market value range established by the Russell 2000 Value Index, and the fund diversifies its holdings across various industry sectors.