FAAAFidelity AAA CLO ETF

Get incomeNewRanked #1,476 of 1,711 in this goal

Seeks to generate income.

By Fidelity Investments · Launched 2026

Annual Cost

0.00%

#6,062 of 6,062 · expensive

Fund Size

$100M

#3,100 of 6,062 · mid-size

Return (1Y)

N/A

Track Record

7 months

#5,155 of 6,062 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,291+2.9%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Focus

CLO

Index tracked

J.P. Morgan CLOIE AAA Index

Holdings

By weight

Concentration

Top 10 holdings = 37.0% of funddiversified

Fidelity Revere Street Trust

13.0%

ARES LOAN FUNDING VIII LTD

3.8%

AIMCO CLO 23 LTD

2.7%

OAK HILL CREDIT PARTNERS LTD

2.5%

OAKTREE CLO LTD

2.5%

RR 36 LTD / RR 36 LLC

2.5%

INVESCO US CLO 2024-3 LTD

2.5%

MAGNETITE XXVI LTD / MAGNETITE XXVI LLC

2.5%

OAK HILL CREDIT PARTNERS

2.5%

OAKTREE CLO 2020-1 LTD

2.5%

Asset allocation

Bonds

99.6%

Cash

2.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

N/A

Max drawdown

-0.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.8 years

Avg maturity

10.0 years

Credit ratings

AAA

99.4%

Other

0.6%

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to generate income.
Strategy: Invests at least 80% of assets in AAA-rated collateralized loan obligations (CLOs), including domestic and foreign senior secured loans. Engages in transactions with derivatives to adjust risk exposure and may invest in U.S. Treasury securities for liquidity management.
Inception date: February 10, 2026
Fund family: Fidelity Investments