FSYDFidelity Sustainable High Yield ETF

Grow my money Get income4y track recordRanked #893 of 1,622 in this goal

Seeks a high level of income and capital appreciation.

By Fidelity Investments · Launched 2022

Annual Cost

0.55%

#2,811 of 5,562 · average

Fund Size

$125M

#2,726 of 5,562 · mid-size

Return (1Y)Goal

+10.4%

Track Record

4 years

#2,615 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,988+9.9%

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

Focus

ESG

Index tracked

ICE BofA US High Yield Constrained Index

What it actually holds

By weight

Concentration

Top 10 holdings = 15.2% of fund✓ well diversified

Fidelity Revere Street Trust

2.1%

PG and E CORP

1.7%

HILTON DOMESTIC OPERATING CO INC

1.7%

CVS HEALTH CORP

1.6%

BRAND INDUSTRIAL SERVICES INC

1.4%

REWORLD HLDG CORP

1.4%

UNIVISION COMMUNICATIONS INC

1.4%

CHEMOURS CO/THE

1.4%

TALLGRASS ENERGY PARTNERS LP / TALLGRASS ENERGY FINANCE CORP

1.4%

TERRAFORM POWER OPERATING LLC

1.3%

Asset allocation

Bonds

94.5%

Convertible

2.7%

Cash

1.1%

Preferred

0.9%

Other

0.7%

Stocks

0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.1%Low

Year-on-year price swings

Max drawdown

-12.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)

1.04Strong risk-adjusted returns

Sortino (3Y)

1.57Good downside protection

Bond profile

Duration

6.1 years

Avg maturity

9.8 years

Credit ratings

BBB

0.7%

36.1%

48.0%

Below B

13.5%

Other

1.7%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks a high level of income and capital appreciation.
Strategy: Invests primarily in high yield debt securities with positive ESG characteristics. Uses a multifactor quantitative model and fundamental analysis to select bonds with strong return potential and low default risk.
Inception date: February 15, 2022
Fund family: Fidelity Investments

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Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing

Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²: 90.7%
TE: 1.6%
Beta: 0.98
Fee: 8× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19