Fidelity High Yield Factor ETF
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.1%
1 yr return
6.8%
3 Yr Avg Return
0.7%
5 Yr Avg Return
4.2%
Net Assets
$301 M
Holdings in Top 10
13.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 177.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FDHY - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.07%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFidelity High Yield Factor ETF
-
Fund Family NameFidelity Group of Funds
-
Inception DateJun 14, 2018
-
Shares Outstanding5450000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Cheng
Fund Description
FDHY - Performance
Return Ranking - Trailing
Period | FDHY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -7.2% | 5.1% | 63.17% |
1 Yr | 6.8% | -9.4% | 15.0% | 70.28% |
3 Yr | 0.7%* | -16.5% | 19.8% | 56.81% |
5 Yr | 4.2%* | -11.9% | 36.4% | 12.50% |
10 Yr | N/A* | -4.9% | 19.3% | 11.75% |
* Annualized
Return Ranking - Calendar
Period | FDHY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -4.7% | 14.3% | 72.85% |
2022 | -15.8% | -33.4% | 3.6% | 54.33% |
2021 | -1.8% | -8.4% | 14.9% | 89.67% |
2020 | 4.2% | -13.9% | 302.7% | 6.25% |
2019 | 11.1% | -4.4% | 13.3% | 3.64% |
Total Return Ranking - Trailing
Period | FDHY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -7.2% | 5.1% | 63.17% |
1 Yr | 6.8% | -9.4% | 15.0% | 70.28% |
3 Yr | 0.7%* | -16.5% | 19.8% | 56.81% |
5 Yr | 4.2%* | -11.9% | 36.4% | 12.50% |
10 Yr | N/A* | -4.9% | 19.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | FDHY Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.1% | -4.7% | 18.2% | 71.92% |
2022 | -11.3% | -33.4% | 47.8% | 65.04% |
2021 | 4.3% | -8.4% | 24.8% | 66.07% |
2020 | 11.1% | -9.6% | 325.6% | 2.87% |
2019 | 16.9% | 0.9% | 21.5% | 4.68% |
FDHY - Holdings
Concentration Analysis
FDHY | Category Low | Category High | FDHY % Rank | |
---|---|---|---|---|
Net Assets | 301 M | 1.45 M | 23.6 B | 65.95% |
Number of Holdings | 344 | 2 | 2736 | 50.93% |
Net Assets in Top 10 | 35.6 M | -492 M | 4.45 B | 70.12% |
Weighting of Top 10 | 13.87% | 4.2% | 146.9% | 46.44% |
Top 10 Holdings
- FMG RES AUGUST 2006 PTY LTD 5.875% 04/15/2030 144A 2.16%
- PERFORMANCE FOOD GROUP INC 4.25% 08/01/2029 144A 1.58%
- NORTHERN OIL AND GAS INC 8.75% 06/15/2031 144A 1.43%
- ROYAL CARIBBEAN CRUISES LTD 11.625% 08/15/2027 144A 1.36%
- GFL ENVIRONMENTAL INC 4% 08/01/2028 144A 1.30%
- Fidelity Cash Central Fund 1.28%
- NEW FORTRESS ENERGY INC 6.5% 09/30/2026 144A 1.26%
- TRANSDIGM INC 4.875% 05/01/2029 1.24%
- FORD MTR CR CO LLC 6.8% 05/12/2028 1.19%
- BAYTEX ENERGY CORP 8.5% 04/30/2030 144A 1.07%
Asset Allocation
Weighting | Return Low | Return High | FDHY % Rank | |
---|---|---|---|---|
Bonds | 97.85% | -3.13% | 154.38% | 10.32% |
Cash | 2.15% | -52.00% | 48.07% | 76.63% |
Convertible Bonds | 0.23% | 0.00% | 17.89% | 87.93% |
Stocks | 0.00% | 0.00% | 99.54% | 87.67% |
Preferred Stocks | 0.00% | 0.00% | 7.88% | 74.46% |
Other | 0.00% | -63.70% | 102.57% | 66.56% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FDHY % Rank | |
---|---|---|---|---|
Corporate | 99.52% | 0.00% | 129.69% | 4.34% |
Cash & Equivalents | 1.28% | 0.00% | 48.07% | 69.04% |
Derivative | 0.00% | -15.04% | 42.26% | 61.61% |
Securitized | 0.00% | 0.00% | 97.24% | 77.05% |
Municipal | 0.00% | 0.00% | 4.66% | 60.31% |
Government | 0.00% | 0.00% | 99.07% | 70.39% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FDHY % Rank | |
---|---|---|---|---|
US | 97.85% | -3.13% | 129.21% | 6.97% |
Non US | 0.00% | 0.00% | 98.19% | 73.84% |
FDHY - Expenses
Operational Fees
FDHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.04% | 31.61% | 92.88% |
Management Fee | 0.45% | 0.00% | 1.84% | 18.06% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
FDHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FDHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FDHY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 177.00% | 1.00% | 255.00% | 99.32% |
FDHY - Distributions
Dividend Yield Analysis
FDHY | Category Low | Category High | FDHY % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 49.68% | 31.23% |
Dividend Distribution Analysis
FDHY | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
FDHY | Category Low | Category High | FDHY % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.07% | -2.39% | 14.30% | 67.72% |
Capital Gain Distribution Analysis
FDHY | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 01, 2024 | $0.262 | OrdinaryDividend |
Mar 01, 2024 | $0.265 | OrdinaryDividend |
Feb 01, 2024 | $0.256 | OrdinaryDividend |
Jan 02, 2024 | $0.271 | OrdinaryDividend |
Dec 01, 2023 | $0.256 | OrdinaryDividend |
Nov 01, 2023 | $0.290 | OrdinaryDividend |
Oct 02, 2023 | $0.254 | OrdinaryDividend |
Sep 01, 2023 | $0.257 | OrdinaryDividend |
Aug 01, 2023 | $0.240 | OrdinaryDividend |
Jul 03, 2023 | $0.251 | OrdinaryDividend |
Jun 01, 2023 | $0.247 | OrdinaryDividend |
May 01, 2023 | $0.242 | OrdinaryDividend |
Apr 03, 2023 | $0.241 | OrdinaryDividend |
Mar 01, 2023 | $0.229 | OrdinaryDividend |
Feb 01, 2023 | $0.221 | OrdinaryDividend |
Jan 03, 2023 | $0.225 | OrdinaryDividend |
Dec 01, 2022 | $0.216 | OrdinaryDividend |
Nov 01, 2022 | $0.218 | OrdinaryDividend |
Oct 03, 2022 | $0.221 | OrdinaryDividend |
Sep 01, 2022 | $0.200 | OrdinaryDividend |
Aug 01, 2022 | $0.207 | OrdinaryDividend |
Jul 01, 2022 | $0.199 | OrdinaryDividend |
Jun 01, 2022 | $0.202 | OrdinaryDividend |
May 02, 2022 | $0.196 | OrdinaryDividend |
Apr 01, 2022 | $0.194 | OrdinaryDividend |
Mar 01, 2022 | $0.197 | OrdinaryDividend |
Feb 01, 2022 | $0.180 | OrdinaryDividend |
Jan 03, 2022 | $0.206 | OrdinaryDividend |
Dec 01, 2021 | $0.195 | OrdinaryDividend |
Nov 01, 2021 | $0.190 | OrdinaryDividend |
Oct 01, 2021 | $0.189 | OrdinaryDividend |
Sep 01, 2021 | $0.184 | OrdinaryDividend |
Aug 02, 2021 | $0.189 | OrdinaryDividend |
Jul 01, 2021 | $0.184 | OrdinaryDividend |
Jun 01, 2021 | $0.184 | OrdinaryDividend |
May 03, 2021 | $0.171 | OrdinaryDividend |
Apr 01, 2021 | $0.155 | OrdinaryDividend |
Mar 01, 2021 | $0.167 | OrdinaryDividend |
Feb 01, 2021 | $0.182 | OrdinaryDividend |
Jan 04, 2021 | $0.198 | OrdinaryDividend |
Dec 01, 2020 | $0.181 | OrdinaryDividend |
Nov 02, 2020 | $0.206 | OrdinaryDividend |
Oct 01, 2020 | $0.194 | OrdinaryDividend |
Sep 01, 2020 | $0.217 | OrdinaryDividend |
Aug 03, 2020 | $0.211 | OrdinaryDividend |
Jul 01, 2020 | $0.205 | OrdinaryDividend |
Jun 01, 2020 | $0.219 | OrdinaryDividend |
May 01, 2020 | $0.215 | OrdinaryDividend |
Apr 01, 2020 | $0.201 | OrdinaryDividend |
Mar 02, 2020 | $0.175 | OrdinaryDividend |
Feb 03, 2020 | $0.185 | OrdinaryDividend |
Jan 02, 2020 | $0.212 | OrdinaryDividend |
Dec 11, 2019 | $0.242 | OrdinaryDividend |
Dec 02, 2019 | $0.197 | OrdinaryDividend |
Nov 01, 2019 | $0.195 | OrdinaryDividend |
Oct 01, 2019 | $0.197 | OrdinaryDividend |
Sep 03, 2019 | $0.202 | OrdinaryDividend |
Aug 01, 2019 | $0.209 | OrdinaryDividend |
Jul 01, 2019 | $0.198 | OrdinaryDividend |
Jun 03, 2019 | $0.214 | OrdinaryDividend |
May 01, 2019 | $0.195 | OrdinaryDividend |
Apr 01, 2019 | $0.187 | OrdinaryDividend |
Mar 01, 2019 | $0.228 | OrdinaryDividend |
Feb 01, 2019 | $0.156 | OrdinaryDividend |
Jan 02, 2019 | $0.247 | OrdinaryDividend |
Dec 03, 2018 | $0.207 | OrdinaryDividend |
Nov 01, 2018 | $0.221 | OrdinaryDividend |
Oct 01, 2018 | $0.221 | OrdinaryDividend |
Sep 04, 2018 | $0.222 | OrdinaryDividend |
Aug 01, 2018 | $0.233 | OrdinaryDividend |
Jul 02, 2018 | $0.122 | OrdinaryDividend |
FDHY - Fund Manager Analysis
Managers
Michael Cheng
Start Date
Tenure
Tenure Rank
Jun 12, 2018
3.97
4.0%
Michael Cheng is co-manager of Fidelity High Yield Factor ETF, which he has managed since June 2018. Since joining Fidelity Investments in 1999, Mr. Cheng has worked as a quantitative analyst and portfolio manager.
Michael Weaver
Start Date
Tenure
Tenure Rank
Jun 12, 2018
3.97
4.0%
Michael Weaver is a portfolio manager at FMR Co. In this role, Mr. Weaver is responsible for co-managing Fidelity Total Bond ETF, multiple institutional high yield portfolios, and co-manages all of Fidelity’s collateralized loan obligation strategies. Previously, Mr. Weaver held various positions in the High Income Group, including portfolio manager covering Select Automotive from 2009 to 2013. Mr. Weaver joined Fidelity in 2005, and has been in the investments industry since 1998. Mr. Weaver earned his BS degree in economics from the Wharton School at the University of Pennsylvania.
Alexandre Karam
Start Date
Tenure
Tenure Rank
Dec 29, 2018
3.42
3.4%
Alexandre Karam is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to more than 26 million individuals, institutions, and financial intermediaries.
Benjamin Harrison
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Since joining Fidelity Investments in 2009, Mr. Harrison has worked as a managing director of research and business development and portfolio manager.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.12 | 8.17 |