Fidelity Stocks for Inflation ETF
FCPI
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Nov 7, 2019
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity Stocks for Inflation ETF (FCPI) is an exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, to the performance of the Fidelity Stocks for Inflation Factor Index. The fund, issued by Fidelity Covington Trust and managed by Geode Capital Management, normally invests at least 80% of its assets in securities included in the index, which targets large- and mid-capitalization U.S. companies exhibiting attractive valuations, high-quality profiles, and positive momentum signals, with structural overweightings toward inflation-sensitive sectors and industries such as energy, materials, utilities, and real estate; top holdings as of September 30, 2025, include NVIDIA Corp (6.27%), Microsoft Corp (5.31%), Apple Inc (5.29%), Newmont Corp (4.56%), and CF Industries Holdings Inc (3.16%), representing 37.13% of total net assets across 103 holdings. Launched on November 5, 2019, and listed on Cboe BZX, FCPI operates exclusively in U.S. equities with approximately $243.1 million in portfolio assets, a net expense ratio of 0.16%, and a 30-day SEC yield of 1.33% as of September 30, 2025; it is part of the broader offerings from Fidelity Investments, headquartered in Boston, Massachusetts. Targeting investors seeking resilience in inflationary environments, the fund has demonstrated strong historical performance, including 25.41% return in 2024 and a life-of-fund annualized return of 14.84% through September 30, 2025, outperforming the Morningstar Large Blend category average. In recent developments, Fidelity Investments, the parent organization, has expanded its ETF lineup aggressively, launching multiple new products within the last two years, including the Fidelity Managed Futures ETF (FFUT) in June 2025, two fixed income ETFs (Fidelity Municipal Bond Opportunities ETF and Fidelity Systematic Municipal Bond Index ETF) in April 2025, and five actively managed equity ETFs (such as Fidelity Enhanced U.S. All-Cap Equity ETF and Fidelity Fundamental Emerging Markets ETF) in November 2024, alongside reducing pricing on select active high-income strategies, reflecting a strategic push into liquid alternatives, enhanced fundamental strategies, and fixed income to meet evolving client demand amid persistent inflation risks.