Fidelity ETFs
 
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Performance & Risk:  FPFD

FIDELITY PREFERRED SECURITIES AND INCOME ETF

20.185   0.1648 (0.82%)

AS OF 4:10:01pm ET 12/01/2022 Quotes delayed at least 15 minutes.

Premium / Discount to NAV as of 10/31/2022

Premium Chart
Date Average
10/2022 0.29%
09/2022 0.33%
08/2022 0.06%
07/2022 0.23%
06/2022 0.64%
05/2022 0.42%
04/2022 0.61%
03/2022 0.50%
02/2022 0.64%
01/2022 0.38%
12/2021 0.41%
11/2021 0.41%
1 Year Average0.41%

Growth of Hypothetical $10,000 * as of 10/31/2022

Growth Chart
Date Value
10/31/2022 $8,153.55
09/30/2022 $8,269.34
06/30/2022 $8,268.04
03/31/2022 $9,214.80
12/31/2021 $10,075.47
09/30/2021 $10,078.19
06/30/2021 $10,000.00

Month-End Average Annual Total Returns And Risks As of 10/31/2022

Returns Volatility(vs. Market Benchmark)
Average NAV Return Market Return Benchmark Index
(ICE BofA US All Cap Sec Index)
AS OF 10/31/2022
Market Benchmark
(Bloomberg US Agg Bond TR USD)
AS OF 10/31/2022
Alpha R2 Beta Standard
Deviation
Sharpe
Ratio
1 Year -18.90 -19.18 -16.81 -15.68 1.78% 61.04% 1.29% 11.32% -1.91%
3 Year -- -- -- -- -- -- -- -- --
5 Year -- -- -- -- -- -- -- -- --
10 Year -- -- -- -- -- -- -- -- --
Life +1.82 +2.02 -- -11.42 -- -- -- -- --
All Life of Fund returns are as of 06/15/2021.  Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

Quarter-End Average Annual Total Returns As of 09/30/2022

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 -17.95 -18.10 -19.39 -19.54% -10.55 -10.64%
3 Year -- -- -- -- -- --
5 Year -- -- -- -- -- --
10 Year -- -- -- -- -- --
Life +3.06 +3.31 +1.46 +1.70% +1.76 +1.95%
All Life of Fund returns are as of 06/15/2021.  Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.
Gross Expense Ratio: 0.59%

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

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. In general, the bond market is volatile, and bond funds entail interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Bond funds also entail the risk of issuer or counterparty default, issuer credit risk, and inflation risk. The fund may invest in lower-quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Because preferred securities have a lower priority claim on assets or earnings than senior debt instruments in an issue's capital structure, they are subject to greater credit and liquidation risk than more senior debt instruments. Contingent convertible securities may involve additional risks, which may include cancellation of interest payments by the issuer or a regulatory authority; subordi¬nation to other creditors due to either a liquidation or other bankruptcy-related event or a conversion of the security from debt to equity; and a write-down of the security's principal amount. The financials industries are subject to extensive government regulation, can be subject to relatively rapid change due to increasingly blurred distinctions between service segments, and can be significantly affected by availability and cost of capital funds, changes in interest rates, the rate of corporate and consumer debt defaults, and price competition The fund may 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. An ETF may trade at a premium or discount to its Net Asset Value (NAV). Non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole.

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.

Quarter-End returns include all applicable recurring and non-recurring fees (including short-term trading or redemption fees) and charges, if any.

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.

Important Additional Risk Information: Fidelity 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 Fidelity.com or i.Fidelity.com. 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.

* 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.

© 2014 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, or, if available, a summary prospectus containing this information. Read it carefully.


 
 

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