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Trending ETFs

Name

As of 05/21/2024

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 High Yield Factor ETF

FDHY | Active ETF

$48.00

$301 M

6.70%

$3.22

0.45%

Vitals

YTD Return

2.4%

1 yr return

10.2%

3 Yr Avg Return

1.4%

5 Yr Avg Return

4.7%

Net Assets

$301 M

Holdings in Top 10

14.5%

52 WEEK LOW AND HIGH

$48.0
$44.70
$48.25

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 05/21/2024

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 High Yield Factor ETF

FDHY | Active ETF

$48.00

$301 M

6.70%

$3.22

0.45%

FDHY - Profile

Distributions

  • YTD Total Return 2.4%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 4.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.07%
DIVIDENDS
  • Dividend Yield 6.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity High Yield Factor ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Jun 14, 2018
  • Shares Outstanding
    5450000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Cheng

Fund Description

Normally investing at least 80% of assets in debt securities rated below investment grade (also referred to as high yield debt securities or junk bonds).Using the ICE® BofA® BB-B US High Yield Constrained Index as a guide in structuring the fund and selecting its investments as it relates to credit quality distribution and risk characteristics.Normally investing primarily in securities rated BB or B by Standard & Poor's (S&P), Ba or B 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.Potentially investing in securities that have a higher or lower credit quality.Investing in companies in troubled or uncertain financial condition.Investing in domestic and foreign issuers.Using a proprietary multifactor quantitative model to systematically screen over 1,000 bonds and select those with strong return potential and low probability of default using a value and quality factor-based methodology.
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FDHY - Performance

Return Ranking - Trailing

Period FDHY Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -5.7% 6.7% 39.56%
1 Yr 10.2% -5.2% 17.1% 58.23%
3 Yr 1.4%* -15.9% 20.3% 55.78%
5 Yr 4.7%* -11.8% 37.1% 11.67%
10 Yr N/A* -5.0% 19.5% 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% 72.63%
2022 -15.8% -33.4% 3.6% 54.31%
2021 -1.8% -8.4% 8.2% 89.68%
2020 4.2% -13.2% 302.7% 6.35%
2019 11.1% -4.4% 13.3% 3.70%

Total Return Ranking - Trailing

Period FDHY Return Category Return Low Category Return High Rank in Category (%)
YTD 2.4% -5.7% 6.7% 39.56%
1 Yr 10.2% -5.2% 17.1% 58.23%
3 Yr 1.4%* -15.9% 20.3% 55.78%
5 Yr 4.7%* -11.8% 37.1% 11.67%
10 Yr N/A* -5.0% 19.5% N/A

* Annualized

Total Return Ranking - Calendar

Period FDHY Return Category Return Low Category Return High Rank in Category (%)
2023 11.1% -4.7% 17.8% 71.68%
2022 -11.3% -33.4% 47.8% 64.86%
2021 4.3% -8.4% 12.4% 65.72%
2020 11.1% -9.6% 325.6% 2.92%
2019 16.9% 0.9% 19.4% 4.58%

FDHY - Holdings

Concentration Analysis

FDHY Category Low Category High FDHY % Rank
Net Assets 301 M 1.45 M 23.6 B 66.93%
Number of Holdings 368 2 2736 46.58%
Net Assets in Top 10 42.2 M -492 M 4.55 B 68.36%
Weighting of Top 10 14.45% 4.2% 146.9% 41.49%

Top 10 Holdings

  1. Fidelity Cash Central Fund 2.42%
  2. FMG RES AUGUST 2006 PTY LTD 5.875% 04/15/2030 144A 1.98%
  3. NEW FORTRESS ENERGY INC 6.5% 09/30/2026 144A 1.54%
  4. NORTHERN OIL AND GAS INC 8.75% 06/15/2031 144A 1.47%
  5. PERFORMANCE FOOD GROUP INC 4.25% 08/01/2029 144A 1.40%
  6. MINERAL RESOURCES LTD 9.25% 10/01/2028 144A 1.20%
  7. GFL ENVIRONMENTAL INC 4% 08/01/2028 144A 1.17%
  8. BAYTEX ENERGY CORP 8.5% 04/30/2030 144A 1.15%
  9. TRANSDIGM INC 4.875% 05/01/2029 1.11%
  10. IRON MOUNTAIN INFORMATION MANAGEMENT SERVICES INC 5% 07/15/2032 144A 1.00%

Asset Allocation

Weighting Return Low Return High FDHY % Rank
Bonds
97.23% -3.13% 154.38% 25.00%
Cash
2.77% -52.00% 48.07% 61.53%
Convertible Bonds
0.23% 0.00% 17.89% 88.55%
Stocks
0.00% 0.00% 99.54% 98.26%
Preferred Stocks
0.00% 0.00% 7.88% 89.83%
Other
0.00% -63.70% 102.57% 77.42%

Bond Sector Breakdown

Weighting Return Low Return High FDHY % Rank
Corporate
99.52% 0.00% 100.00% 4.29%
Cash & Equivalents
2.42% 0.00% 48.07% 56.92%
Derivative
0.00% -15.04% 42.26% 75.68%
Securitized
0.00% 0.00% 97.24% 93.32%
Municipal
0.00% 0.00% 1.17% 85.69%
Government
0.00% 0.00% 99.07% 90.94%

Bond Geographic Breakdown

Weighting Return Low Return High FDHY % Rank
US
97.23% -3.13% 129.21% 14.31%
Non US
0.00% 0.00% 98.19% 91.10%

FDHY - Expenses

Operational Fees

FDHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.45% 0.02% 38.33% 92.86%
Management Fee 0.45% 0.00% 1.84% 19.81%
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% 99.31%

FDHY - Distributions

Dividend Yield Analysis

FDHY Category Low Category High FDHY % Rank
Dividend Yield 6.70% 0.00% 11.65% 32.70%

Dividend Distribution Analysis

FDHY Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

FDHY Category Low Category High FDHY % Rank
Net Income Ratio 4.07% -2.39% 14.30% 67.48%

Capital Gain Distribution Analysis

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

Distributions History

View More +

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 7.21 8.17