FDHYFidelity Enhanced High Yield ETF

Get income8y track recordRanked #427 of 1,622 in this goal

Seeks a high level of income and may also seek capital appreciation.

By Fidelity Investments · Launched 2018

Annual Cost

0.35%

#1,706 of 5,562 · low cost

Fund Size

$522M

#1,538 of 5,562 · large

Dividend YieldGoal

6.53%

Track Record

8 years

#1,755 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,784+7.8%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Index tracked

ICE BofA BB-B US High Yield Constrained Index

What it actually holds

By weight

Concentration

Top 10 holdings = 15.3% of fund✓ well diversified

Fidelity Revere Street Trust

6.5%

LIVE NATION ENTERTAINMENT INC

1.3%

Fidelity Revere Street Trust

1.1%

ENOVA INTERNATIONAL INC

1.0%

WAYFAIR LLC

1.0%

MINERAL RESOURCES LTD

1.0%

COREWEAVE INC

0.9%

NEW FLYER HOLDINGS INC

0.9%

BLUELINX HOLDINGS INC

0.9%

CVR PARTNERS LP / CVR NITROGEN FIN CORP

0.9%

Asset allocation

Bonds

95.7%

Cash

9.8%

Convertible

0.4%

Preferred

0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.6%Low

Year-on-year price swings

Max drawdown

-20.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

1.01Strong risk-adjusted returns

Sortino (3Y)

1.51Good downside protection

Bond profile

Duration

6.9 years

Avg maturity

10.0 years

Credit ratings

BBB

4.2%

39.4%

53.8%

Other

2.7%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of income and may also seek capital appreciation.
Strategy: Invests primarily in debt securities rated below investment grade, including corporate bonds and government securities. Uses a research-driven approach to select a diversified group of high yield debt securities, aiming for higher total returns than the ICE BofA BB-B US High Yield Constrained Index.
Inception date: June 12, 2018
Fund family: Fidelity Investments