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Trending ETFs

Name

As of 05/17/2024

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

$46.77

$16.2 M

6.75%

$3.16

0.55%

Vitals

YTD Return

2.6%

1 yr return

11.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$16.2 M

Holdings in Top 10

16.3%

52 WEEK LOW AND HIGH

$46.8
$43.18
$46.99

Expenses

OPERATING FEES

Expense Ratio 0.55%

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 05/17/2024

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

$46.77

$16.2 M

6.75%

$3.16

0.55%

FSYD - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 6.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Sustainable High Yield ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Feb 17, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Chang

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) of issuers that Fidelity Management & Research Company LLC (FMR or Adviser) believes have proven or improving sustainability practices based on an evaluation of such issuers' individual environmental, social and governance (ESG) profile. Using the Adviser's proprietary ESG ratings process to evaluate the current state of an issuer's sustainability practices using a data-driven framework that includes both proprietary and third-party data, and also provide a qualitative forward-looking assessment of an issuer's sustainability outlook provided by the Adviser's fundamental research analysts and ESG team. The Adviser's ESG ratings of issuers are derived from multiple factors, including an issuer's environmental profile, which may include, but is not limited to, carbon and toxic emissions, water management, waste management, vulnerability to the physical impacts of climate change, and research and investment into products, services, and energies that reduce emissions and/or provide opportunities to transition to less carbon-intensive products or operations. An assessment of an issuer's social profile includes, but is not limited to, its approach to diversity and inclusion, human capital management, data privacy, product safety and human rights. With respect to governance, the independence and diversity of an issuer's board, its compensation practices and board oversight of critical ESG issues are considered as part of the assessment. These factors are weighted based on how material the Adviser believes each factor is to an issuer's financial outlook, and not all factors may be applicable to all issuers. Investing in issuers that FMR believes deliver tangible environmental or social impact through core business operations. An assessment of the impact characteristics of an issuer may involve corporate engagement and an analysis of issuer alignment with the United Nations Sustainable Development Goals using qualitative analysis as well as proprietary or third-party data. For example, issuers that provide access to clean water, education, or clean energy through their core business may be considered to deliver tangible impact. Using the ICE® BofA® 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.Potentially investing in securities that have a higher credit quality than securities in the index.Investing in companies in troubled or uncertain financial condition.Investing in domestic and foreign issuers.In addition to the ESG ratings process, using a proprietary multifactor quantitative model and fundamental analysis to screen over 1,000 bonds. The multifactor quantitative model uses a value and quality factor-based methodology to identify bonds with strong return potential and low probability of default. FMR also uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as economic and market conditions, to select investments. Employing sustainable investing exclusion criteria to avoid investments in issuers that are directly engaged in, and/or derive significant revenue from, certain industries. Please see "Fund Basics - Investment Details - Sustainable Investing Exclusions" for additional information.
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FSYD - Performance

Return Ranking - Trailing

Period FSYD Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -39.9% 6.2% N/A
1 Yr 11.2% -22.1% 21.3% N/A
3 Yr N/A* -14.2% 66.8% N/A
5 Yr N/A* -13.6% 37.2% N/A
10 Yr N/A* -9.3% 16.2% N/A

* Annualized

Return Ranking - Calendar

Period FSYD Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -44.3% 3.7% N/A
2022 N/A -56.9% 9.2% N/A
2021 N/A -53.7% 70.9% N/A
2020 N/A -33.7% 5.1% N/A
2019 N/A -9.4% 12.0% N/A

Total Return Ranking - Trailing

Period FSYD Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -39.9% 6.2% N/A
1 Yr 11.2% -22.1% 22.2% N/A
3 Yr N/A* -14.2% 66.8% N/A
5 Yr N/A* -13.6% 37.2% N/A
10 Yr N/A* -9.3% 16.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FSYD Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -44.3% 3.7% N/A
2022 N/A -56.9% 9.2% N/A
2021 N/A -53.7% 70.9% N/A
2020 N/A -33.7% 5.1% N/A
2019 N/A -9.4% 12.0% N/A

FSYD - Holdings

Concentration Analysis

FSYD Category Low Category High FSYD % Rank
Net Assets 16.2 M 1.47 M 26.2 B 97.83%
Number of Holdings 308 2 2736 80.13%
Net Assets in Top 10 2.64 M -492 M 2.55 B 94.21%
Weighting of Top 10 16.30% 3.0% 100.0% 22.32%

Top 10 Holdings

  1. HILTON DOMESTIC OPERATING CO INC 3.625% 02/15/2032 144A 2.60%
  2. BLOCK INC 3.5% 06/01/2031 2.17%
  3. FMG RES AUGUST 2006 PTY LTD 6.125% 04/15/2032 144A 1.77%
  4. TENET HEALTHCARE CORP 6.125% 10/01/2028 1.59%
  5. UBER TECHNOLOGIES INC 4.5% 08/15/2029 144A 1.55%
  6. COVANTA HLDG CORP 4.875% 12/01/2029 144A 1.38%
  7. SUNOCO LP / SUNOCO FIN CORP 4.5% 05/15/2029 1.33%
  8. STERICYCLE INC 3.875% 01/15/2029 144A 1.31%
  9. GO DADDY OPERATING CO LLC / GD FINANCE CO INC 3.5% 03/01/2029 144A 1.29%
  10. SENSATA TECHNOLOGIES BV 5% 10/01/2025 144A 1.29%

Asset Allocation

Weighting Return Low Return High FSYD % Rank
Bonds
97.24% 0.00% 154.38% 36.70%
Cash
1.11% -52.00% 100.00% 56.58%
Preferred Stocks
0.86% 0.00% 14.10% 18.82%
Stocks
0.79% -0.60% 52.82% 49.02%
Other
0.00% -63.70% 32.06% 66.97%
Convertible Bonds
0.00% 0.00% 17.89% 65.13%

Stock Sector Breakdown

Weighting Return Low Return High FSYD % Rank
Utilities
0.00% 0.00% 100.00% 3.22%
Technology
0.00% 0.00% 34.19% 67.08%
Real Estate
0.00% 0.00% 86.71% 61.88%
Industrials
0.00% 0.00% 100.00% 67.57%
Healthcare
0.00% 0.00% 30.07% 60.64%
Financial Services
0.00% 0.00% 100.00% 66.34%
Energy
0.00% 0.00% 100.00% 47.03%
Communication Services
0.00% 0.00% 99.99% 76.98%
Consumer Defense
0.00% 0.00% 100.00% 63.37%
Consumer Cyclical
0.00% 0.00% 100.00% 71.53%
Basic Materials
0.00% 0.00% 100.00% 65.10%

Stock Geographic Breakdown

Weighting Return Low Return High FSYD % Rank
US
0.66% -0.60% 47.59% 42.89%
Non US
0.12% -0.01% 5.26% 67.76%

Bond Sector Breakdown

Weighting Return Low Return High FSYD % Rank
Cash & Equivalents
1.01% 0.00% 99.98% 62.71%
Derivative
0.00% 0.00% 45.95% 63.90%
Securitized
0.00% 0.00% 97.24% 74.70%
Corporate
0.00% 0.00% 100.00% 25.56%
Municipal
0.00% 0.00% 1.17% 56.52%
Government
0.00% 0.00% 99.07% 68.91%

Bond Geographic Breakdown

Weighting Return Low Return High FSYD % Rank
US
97.24% 0.00% 150.64% 57.50%
Non US
0.00% 0.00% 96.17% 25.13%

FSYD - Expenses

Operational Fees

FSYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.02% 3.87% 80.64%
Management Fee 0.55% 0.00% 1.84% 54.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FSYD 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% 5.00% N/A

Trading Fees

FSYD 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.

FSYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 327.00% N/A

FSYD - Distributions

Dividend Yield Analysis

FSYD Category Low Category High FSYD % Rank
Dividend Yield 6.75% 0.00% 39.36% 88.09%

Dividend Distribution Analysis

FSYD Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

FSYD Category Low Category High FSYD % Rank
Net Income Ratio N/A -2.39% 14.30% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

FSYD - Fund Manager Analysis

Managers

Brian Chang


Start Date

Tenure

Tenure Rank

Feb 15, 2022

0.29

0.3%

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.

Michael Cheng


Start Date

Tenure

Tenure Rank

Feb 15, 2022

0.29

0.3%

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.

Benjamin Harrison


Start Date

Tenure

Tenure Rank

Feb 15, 2022

0.29

0.3%

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 7.07 2.92