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Snapshot:  FDHY

FIDELITY HIGH YIELD FACTOR ETF

49.175   0.225 (0.46%)

AS OF 8:00:00pm ET 12/12/2018 Quotes delayed at least 15 minutes.
Bid 49.11
Bid Size 0
Ask 49.24
Ask Size 0
Open 49.24
High 49.24
Low 48.95
Previous Close 49.175
Price Performance (Last 52 Wk)
as of 12/12/2018
--
Bid/Ask Spread (1 Month Average)
as of 10/31/2018
0.23%
Premium / Discount (Bid/Ask Previous Day)
as of 12/12/2018
-0.58
Premium / Discount (1 Month Rolling Average)
as of 12/11/2018
0.40%
Volume
Volume (90-Day Average)
Tracking Error --
Detailed Quote

ETP Type

ETF

Asset Class

Fixed Income

Geography Objective

Global

Debt Type Objective

Blend

Credit Grade Objective

High Yield

Maturity Objective

Various Maturities

Coupon Type
Objective

Blend

Net Assets
AS OF 12/11/2018

$14.6M

Net Expense Ratio

0.45%

Sponsor

Fidelity Management & Research

Inception Date

06/12/2018

Investment Philosophy

Actively Managed

Benchmark Index

ICE BofAML BB-B US High Yield Constrained Index

Index Composition

Cap-Weighted

Legal Structure

Open-End Investment Company

Objective

Seeks a high level of income. The fund may also seek capital appreciation. Normally invests at least 80% of the fund’s assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds).

Learn More

Commentary

There is currently no commentary available for this symbol.

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
Ned Davis Research Group -- -- Log in for rating & report
XTF Inc. 10/31/2018 Not Rated Not Rated XTF Inc. PDF Report
FactSet 12/07/2018 -- Not Rated FactSet PDF Report

Key Statistics

Duration (Yrs)
AS OF 12/10/2018
4.68
Weighted Average Duration (Yrs)
AS OF 12/11/2018
--
Weighted Average Maturity (Yrs)
AS OF 12/10/2018
6.49
Weighted Average Coupon
AS OF 12/11/2018
--
30-day SEC Yield
AS OF 12/10/2018
6.04%
Distribution Yield (TTM)
AS OF 11/30/2018
--
See all Key Stats

Compare

FDHY
FIDELITY HIGH YIELD FACTOR ETF
Asset Class Median
Volume (10-Day Avg)
AS OF 12/11/2018
4.1K 31.4M
1 Week Market Total Return
AS OF 12/11/2018
-0.35% +0.06%
1 Month Market Total Return
AS OF 12/11/2018
-0.19% +0.23%
1 Year Market Total Return
AS OF 12/11/2018
-- -0.18%
3 Year Annualized Market Total Return
AS OF 12/11/2018
-- +1.83%
Beta (1 Year Month-End)
AS OF 11/30/2018
-- 0.26
Annual Turnover Ratio
AS OF --
-- 27.00%
Net Expense Ratio
AS OF 06/11/2018
0.45% 0.28%

Performance

Growth of Hypothetical $10,000 * AS OF 11/30/2018

Cumulative Total Returns AS OF 12/11/2018
NAV Return Market Return ICE BofAML BB-B US High Yield Constrained Index
AS OF 12/11/2018
YTD -- -- --
4 Weeks -0.62% -0.19% -0.65%
13 Weeks -1.59% -1.31% -1.64%
26 Weeks -0.12% -- -0.18%
Quarter-End Average Annual Total Returns AS OF 09/30/2018
NAV Return Market Return
1 Year -- --
3 Year -- --
5 Year -- --
10 Year -- --
Life +2.01% +1.66%
Life as of NAV inception date: 06/12/2018   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. 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: 0.45%

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Total Basket Holdings AS OF 12/11/2018

135 (Long: 134 | Short: 0)
View All
Top 10 (23.87% of total holdings)
CASH Cash† 8.55%
KW 5.875 04/01/24 '19 KENNEDY WILSON INC 2.02%
QSR 5.000 10/15/25 '20 1011778 BC UNLIMITED LIABILITY CO 1.92%
ALSNX 5.000 10/01/24 '19 ALLISON TRANSMISSION INC 1.81%
MCK 5.750 03/01/25 '20 CHANGE HEALTHCARE HOLDINGS LLC 1.78%
MDP 6.875 02/01/26 '21 MEREDITH CORP 1.62%
NLSN 5.000 04/15/22 '18 NIELSEN FINANCE LLC 1.59%
ICAHE 6.250 02/01/22 '19 ICAHN ENTERPRISES LP 1.57%
BLL 4.875 03/15/26 '25 BALL CORP 1.53%
SATSZ 6.625 08/01/26 HUGHES SATELLITE SYSTEMS CORP 1.48%
†Part or all of this cash position may represent cash-in-lieu of marketable securities and not actual cash.Click here for more information.

Credit Grade / Maturity   More information  AS OF 12/11/2018

Independent third parties provide portfolio composition analytics to standardize calculations for consistent comparison. However, these calculations and the resulting credit quality analytics may differ from the ETF managers' methodology, which you can learn about in the Prospectus & Reports.

AAA -- Short Term 1.18%
Investment Grade -- Intermediate Term 88.96%
High Yield 90.83% Long Term 0.65%
More about Portfolio Composition

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.

© 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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