Performance & Risk: FDHY
FIDELITY HIGH YIELD FACTOR ETF
52.885 0.017 (0.03%)
AS OF 8:00:00pm ET 12/06/2019 Quotes delayed at least 15 minutes.Premium / Discount to NAV as of 11/29/2019
Growth of Hypothetical $10,000 * as of 11/30/2019
| Date | Value |
|---|---|
| 11/30/2019 | $11,377.77 |
| 09/30/2019 | $11,214.80 |
| 06/30/2019 | $10,962.96 |
| 03/31/2019 | $10,597.61 |
| 12/31/2018 | $9,823.38 |
| 09/30/2018 | $10,236.58 |
| 06/30/2018 | $10,000.00 |
Cumulative Total Returns As of 12/06/2019
| NAV Return | Market Return | ICE BofAML BB-B US High Yield Constrained Index AS OF 07/31/2019 |
|
|---|---|---|---|
| YTD | +16.08% | +15.44% | +11.01% |
| 5 Day | +0.22% | +0.21% | +0.19% |
| 4 Week | +0.83% | +0.79% | +0.32% |
| 13 Week | +1.72% | +1.92% | +2.05% |
| 6 Month | +6.23% | +5.95% | +6.30% |
| 52 Week | +13.68% | +14.53% | +8.06% |
Month-End Average Annual Total Returns And Risks As of 11/30/2019
| Returns | Volatility(vs. Market Benchmark) | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Average | NAV Return | Market Return | Benchmark Index
(ICE BofAML BB-B US High Yield Constrained Index) AS OF 07/31/2019 |
Market Benchmark (Bloomberg Barclays US Aggregate Bond Index) AS OF 11/30/2019 |
Alpha | R2 | Beta | Standard Deviation |
Sharpe Ratio |
| 1 Year | +13.25% | +12.97% | +8.09% | +10.79% | 19.34% | 11.42% | -0.51% | 4.95% | 2.18% |
| 3 Year | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| 5 Year | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| 10 Year | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Life | +8.93% | +8.92% | +7.76% | +7.48% | -- | -- | -- | 4.83% | 1.40% |
Quarter-End Average Annual Total Returns As of 09/30/2019
| Return Before Taxes (pre-tax) | Return After Taxes On Distribution (post tax) | Return After Taxes On Distribution & Sale of Fund Shares (liquidation) |
||||
|---|---|---|---|---|---|---|
| Average | NAV Return | Market Return | NAV Return | Market Return | NAV Return | Market Return |
| 1 Year | +9.56% | +9.97% | +7.40% | +7.82% | +5.58% | +5.83% |
| 3 Year | -- | -- | -- | -- | -- | -- |
| 5 Year | -- | -- | -- | -- | -- | -- |
| 10 Year | -- | -- | -- | -- | -- | -- |
| Life | +8.92% | +8.99% | +6.73% | +6.80% | +5.83% | +5.89% |
Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. Assumes the highest tax rate in calculating and follow the SEC guidelines for calculating returns before sale of shares. Click here to learn more.
Risk
In general the bond market, especially foreign markets, are volatile, and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. 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 risk, liquidity risk, call risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which may be magnified in emerging markets. Leverage can increase market exposure and magnify investment risk. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends. The fund generally expects to effect its creations and redemptions for cash rather than in-kind securities, and may recognize more capital gains and be less tax-efficient than if it were to redeem in-kind. 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). There can be no assurance that an active trade market will be maintained and trading may be halted due to market conditions.
Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
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ETFs are subject to management fees as well as other expenses including brokerage commissions. Please contact your investment professional for more information on applicable brokerage fees. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and may only be redeemed directly with the fund by Authorized Participants in creation units.
* A hypothetical $10,000 investment made in the fund ten years ago, or on commencement of operations for funds lacking a ten-year track record. Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.
The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance.
Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).
Basket holdings, asset allocation, market sectors, industry exposure, and geographical diversification are as of the date indicated and may not be representative of the fund's current or future investments.
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