The Fidelity U.S. High Quality Currency Neutral Index ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. High Quality Currency Neutral Index. It invests primarily in equity securities of large and mid-capitalization U.S. companies with a higher quality profile than the broader U.S. equity market. The ETF uses derivatives to try to minimize the exposure to currency fluctuations between the U.S. and Canadian dollars.