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Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Preferred Securities & Income ETF

FPFD | Active ETF

$21.94

$34.1 M

4.38%

$0.96

0.59%

Vitals

YTD Return

9.0%

1 yr return

15.7%

3 Yr Avg Return

0.0%

5 Yr Avg Return

N/A

Net Assets

$34.1 M

Holdings in Top 10

23.0%

52 WEEK LOW AND HIGH

$21.8
$19.76
$22.46

Expenses

OPERATING FEES

Expense Ratio 0.59%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Preferred Securities & Income ETF

FPFD | Active ETF

$21.94

$34.1 M

4.38%

$0.96

0.59%

FPFD - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Preferred Securities & Income ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Jun 17, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Adam Kramer

Fund Description

Normally investing at least 80% of assets in preferred securities and other income-producing securities.Normally investing in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities.Normally investing primarily in securities rated at least BB by Standard & Poor's (S&P), Ba by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company LLC (FMR) to be of comparable quality. Securities rated below BBB by S&P and below Baa3 by Moody's are less than investment-grade quality (also referred to as high yield debt securities or junk bonds).Investing in securities of domestic and foreign issuers.Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.Concentrating investments in securities of issuers principally engaged in the business activities of the industries in the financial services sector.
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FPFD - Performance

Return Ranking - Trailing

Period FPFD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -8.3% 14.4% 98.82%
1 Yr 15.7% -14.3% 2.9% N/A
3 Yr 0.0%* -10.1% 7.4% N/A
5 Yr N/A* -7.1% 6.1% N/A
10 Yr N/A* -3.6% 5.4% N/A

* Annualized

Return Ranking - Calendar

Period FPFD Return Category Return Low Category Return High Rank in Category (%)
2023 5.3% -26.1% 0.9% N/A
2022 -21.1% -1.5% 11.1% N/A
2021 N/A -9.1% 13.7% N/A
2020 N/A 1.6% 7.2% N/A
2019 N/A -3.2% -0.5% N/A

Total Return Ranking - Trailing

Period FPFD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -19.4% 14.4% 100.00%
1 Yr 15.7% -14.3% 16.6% N/A
3 Yr 0.0%* -10.1% 9.3% N/A
5 Yr N/A* -5.8% 6.1% N/A
10 Yr N/A* -2.9% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period FPFD Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -26.1% 0.9% N/A
2022 -17.1% -1.5% 11.1% N/A
2021 N/A -9.1% 13.7% N/A
2020 N/A 1.7% 7.2% N/A
2019 N/A -3.2% -0.4% N/A

FPFD - Holdings

Concentration Analysis

FPFD Category Low Category High FPFD % Rank
Net Assets 34.1 M 12.9 M 16.4 B 89.53%
Number of Holdings 209 32 500 67.78%
Net Assets in Top 10 9.54 M 2.06 K 2.37 B 85.56%
Weighting of Top 10 23.03% 12.4% 48.5% 20.00%

Top 10 Holdings

  1. UNITED STATES TREASURY BOND 4.25% 02/15/2054 4.96%
  2. ENERGY TRANSFER OPERATING MLP 6.625/VAR PERP 2.75%
  3. BANK OF AMERICA CORPORATION 5.875%/VAR PERP 2.57%
  4. MORGAN STANLEY 6.625% PFD PERP Q 2.16%
  5. WELLS FARGO and CO NEW 3.9/VAR PERP 2.06%
  6. BANK NEW YORK MELLON CORP 3.7%/VAR PERP 1.93%
  7. WELLS FARGO 7.5% PC PERP A/L PAR=1000 1.92%
  8. SCHWAB CHARLES CORP 4/VAR PERP 1.75%
  9. UNITED STATES TREASURY BOND 3.875% 02/15/2043 1.54%
  10. MORGAN STANLEY VAR PERP 1.40%

Asset Allocation

Weighting Return Low Return High FPFD % Rank
Preferred Stocks 		73.74% 2.27% 115.85% 45.56%
Bonds 		24.95% 0.00% 83.26% 18.89%
Cash 		1.32% -27.79% 5.28% 4.44%
Stocks 		0.00% -2.67% 34.04% 77.78%
Other 		0.00% -0.16% 11.21% 68.89%
Convertible Bonds 		0.00% 0.00% 31.65% 68.89%

Bond Sector Breakdown

Weighting Return Low Return High FPFD % Rank
Cash & Equivalents 		0.66% 0.00% 8.83% 11.11%
Derivative 		0.00% 0.00% 12.03% 72.22%
Securitized 		0.00% 0.00% 0.02% 62.22%
Corporate 		0.00% 62.31% 100.00% 83.33%
Municipal 		0.00% 0.00% 0.00% 62.22%
Government 		0.00% 0.00% 21.71% 87.78%

Bond Geographic Breakdown

Weighting Return Low Return High FPFD % Rank
US 		24.95% 0.00% 66.52% 4.44%
Non US 		0.00% 0.00% 22.86% 63.33%

FPFD - Expenses

Operational Fees

FPFD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.22% 2.45% 74.73%
Management Fee 0.59% 0.00% 1.00% 30.23%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

FPFD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

FPFD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

FPFD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 12.00% 199.00% N/A

FPFD - Distributions

Dividend Yield Analysis

FPFD Category Low Category High FPFD % Rank
Dividend Yield 4.38% 0.00% 9.57% 27.96%

Dividend Distribution Analysis

FPFD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

FPFD Category Low Category High FPFD % Rank
Net Income Ratio N/A 0.88% 7.54% 77.78%

Capital Gain Distribution Analysis

FPFD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FPFD - Fund Manager Analysis

Managers

Adam Kramer

Start Date

Tenure

Tenure Rank

Jun 15, 2021

0.96

1.0%

Adam Kramer is a portfolio manager in the Fixed 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 institutions, financial intermediaries, and individuals. In this role, he manages several multi-asset income funds, opportunistic high-yield bond strategies for institutional investors as well as a high income fund available exclusively to Canadian investors.

Brian Chang

Start Date

Tenure

Tenure Rank

Jun 15, 2021

0.96

1.0%

Brian Chang 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 institutions, financial intermediaries, and individuals. In this role, Mr. Chang co-manages multiple High Yield Fidelity Funds, portfolio sleeves and institutional accounts.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.94 11.42

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