FPFDFidelity Preferred Securities & Income ETF

Grow my money Get income5y track recordRanked #937 of 1,628 in this goal

Seeks high total return through a combination of current income and capital appreciation.

By Fidelity Investments · Launched 2021

Annual Cost

0.59%

#3,008 of 5,573 · average

Fund Size

$83M

#3,113 of 5,573 · mid-size

Return (1Y)Goal

+5.9%

Track Record

5 years

#2,399 of 5,573 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,565+5.6%

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

What it actually holds

By weight

Concentration

Top 10 holdings = 19.7% of fund✓ well diversified

ENERGY TRANSFER LP

3.8%

BANK NEW YORK MELLON CORP

2.8%

Fidelity Revere Street Trust

2.8%

ENBRIDGE INC

2.4%

SOUTHERN COMPANY

1.6%

GOLDMAN SACHS GROUP INC (THE)

1.5%

MORGAN STANLEY

1.4%

JPMORGAN CHASE and CO

1.4%

US BANCORP DEL

1.1%

SCHWAB CHARLES CORP

1.0%

Asset allocation

Preferred

67.3%

Bonds

23.8%

Cash

3.9%

Convertible

3.8%

Other

1.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.0%Low

Year-on-year price swings

Max drawdown

-20.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.96Decent risk-adjusted returns

Sortino (3Y)

1.39Good downside protection

Bond profile

Duration

6.1 years

Avg maturity

10.1 years

Credit ratings

AAA

3.5%

7.4%

BBB

54.6%

31.1%

1.5%

Other

1.9%

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks high total return through a combination of current income and capital appreciation.
Strategy: Invests primarily in preferred and income-producing securities, including those rated at least BB by S&P or Ba by Moody's. Uses fundamental analysis to select investments, concentrating on issuers in the financial services sector.
Inception date: June 15, 2021
Fund family: Fidelity Investments