Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Fidelity® Preferred Securities & Income ETF
Active ETF
FPFD
Payout Change
Pending
Price as of:
$20.23
+0.08
+0.4%
primary theme
Preferred Stock
FPFD (ETF)
Fidelity® Preferred Securities & Income ETF
Payout Change
Pending
Price as of:
$20.23
+0.08
+0.4%
primary theme
Preferred Stock
FPFD (ETF)
Fidelity® Preferred Securities & Income ETF
Payout Change
Pending
Price as of:
$20.23
+0.08
+0.4%
primary theme
Preferred Stock
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-7.7%
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$33.9 M
Holdings in Top 10
32.9%
52 WEEK LOW AND HIGH
$20.2
$20.15
$25.59
Expenses
OPERATING FEES
Expense Ratio 0.59%
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
Investment Style
Preferred Stock
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
FPFD - Profile
Distributions
- YTD Total Return -19.4%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.16%
- Dividend Yield 4.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFidelity® Preferred Securities & Income ETF
-
Fund Family NameFidelity Investments
-
Inception DateJun 15, 2021
-
Shares Outstanding1600000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAdam Kramer
Fund Description
The fund normally invests at least 80% of the fund's assets in preferred securities and other income-producing securities. It normally invests in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities. The fund primarily invests in securities rated at least BB by S&P, Ba by Moodys, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality. It is non-diversified.
FPFD - Performance
Return Ranking - Trailing
| Period | FPFD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -7.7% | -21.0% | 0.3% | 36.21% |
| 1 Yr | N/A | -10.8% | 13.2% | N/A |
| 3 Yr | N/A* | -2.2% | 13.5% | N/A |
| 5 Yr | N/A* | -0.3% | 12.6% | N/A |
| 10 Yr | N/A* | 4.1% | 8.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FPFD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | N/A | -3.4% | 17.2% | N/A |
| 2020 | N/A | -79.5% | 9.0% | N/A |
| 2019 | N/A | 6.4% | 28.5% | N/A |
| 2018 | N/A | -15.2% | -3.8% | N/A |
| 2017 | N/A | -7.3% | 19.0% | N/A |
Total Return Ranking - Trailing
| Period | FPFD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -19.4% | -21.0% | 0.3% | 93.97% |
| 1 Yr | N/A | -12.2% | 16.6% | N/A |
| 3 Yr | N/A* | -3.2% | 13.5% | N/A |
| 5 Yr | N/A* | -2.3% | 12.6% | N/A |
| 10 Yr | N/A* | 3.0% | 8.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FPFD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | N/A | -3.4% | 17.2% | N/A |
| 2020 | N/A | -24.8% | 9.0% | N/A |
| 2019 | N/A | 6.4% | 28.5% | N/A |
| 2018 | N/A | -14.9% | -1.8% | N/A |
| 2017 | N/A | -5.0% | 20.6% | N/A |
FPFD - Holdings
Concentration Analysis
| FPFD | Category Low | Category High | FPFD % Rank | |
|---|---|---|---|---|
| Net Assets | 33.9 M | 12.9 M | 16.4 B | 90.00% |
| Number of Holdings | 145 | 27 | 500 | 46.21% |
| Net Assets in Top 10 | 11.1 M | 2.06 K | 2.37 B | 61.36% |
| Weighting of Top 10 | 32.90% | 12.4% | 48.5% | 34.09% |
Top 10 Holdings
- Fidelity Revere Str Tr 4.44%
- Wells Fargo & Company 5.9% 3.94%
- KKR Group Finance Company IX LLC 0% 3.59%
- Morgan Stanley 5.3% 3.59%
- Citizens Financial Group Inc 6% 3.40%
- Apollo Management Holdings, L.P. 4.95% 3.16%
- Truist Financial Corporation 5.125% 2.99%
- Discover Financial Services 5.5% 2.96%
- JPMorgan Chase & Co PRF PERPETUAL USD 25 - Ser JJ 1/400 int 2.94%
- Ally Financial Inc FXDFR PRF PERPETUAL USD 1000 - Ser B 2.77%
Asset Allocation
| Weighting | Return Low | Return High | FPFD % Rank | |
|---|---|---|---|---|
| Bonds | 58.33% | 0.00% | 83.26% | 12.88% |
| Preferred Stocks | 35.22% | 2.27% | 115.85% | 60.61% |
| Cash | 4.49% | -27.79% | 5.28% | 3.03% |
| Convertible Bonds | 1.97% | 0.00% | 31.65% | 49.24% |
| Stocks | 0.00% | -2.67% | 34.04% | 81.06% |
| Other | 0.00% | -0.16% | 11.21% | 75.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FPFD % Rank | |
|---|---|---|---|---|
| Corporate | 95.51% | 62.31% | 100.00% | 86.36% |
| Cash & Equivalents | 4.49% | 0.00% | 8.83% | 9.85% |
| Derivative | 0.00% | 0.00% | 12.03% | 75.76% |
| Securitized | 0.00% | 0.00% | 0.02% | 68.94% |
| Municipal | 0.00% | 0.00% | 0.00% | 68.94% |
| Government | 0.00% | 0.00% | 21.71% | 88.64% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FPFD % Rank | |
|---|---|---|---|---|
| US | 55.38% | 0.00% | 66.52% | 3.03% |
| Non US | 2.95% | 0.00% | 22.86% | 45.45% |
FPFD - Expenses
Operational Fees
| FPFD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.59% | 0.22% | 2.45% | 52.63% |
| Management Fee | 0.59% | 0.00% | 1.00% | 32.22% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
| FPFD 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% | 2.25% | N/A |
Trading Fees
| FPFD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | 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.
| FPFD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 12.00% | 199.00% | N/A |
FPFD - Distributions
Dividend Yield Analysis
| FPFD | Category Low | Category High | FPFD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.86% | 0.00% | 7.59% | 31.85% |
Dividend Distribution Analysis
| FPFD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| FPFD | Category Low | Category High | FPFD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.16% | 0.88% | 7.54% | 77.65% |
Capital Gain Distribution Analysis
| FPFD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Dividend Payout History
| Date | Amount | Type |
|---|---|---|
| Jul 01, 2022 | $0.082 | OrdinaryDividend |
| Jun 01, 2022 | $0.083 | OrdinaryDividend |
| May 02, 2022 | $0.145 | OrdinaryDividend |
| Apr 01, 2022 | $0.066 | OrdinaryDividend |
| Mar 01, 2022 | $0.081 | OrdinaryDividend |
| Feb 01, 2022 | $0.063 | OrdinaryDividend |
| Jan 03, 2022 | $0.065 | OrdinaryDividend |
| Dec 01, 2021 | $0.055 | OrdinaryDividend |
| Nov 01, 2021 | $0.067 | OrdinaryDividend |
| Oct 01, 2021 | $0.055 | OrdinaryDividend |
| Sep 01, 2021 | $0.053 | OrdinaryDividend |
| Aug 02, 2021 | $0.076 | OrdinaryDividend |
| Jul 01, 2021 | $0.028 | OrdinaryDividend |
FPFD - Fund Manager Analysis
Managers
Adam Kramer
Start Date
Tenure
Tenure Rank
Jun 15, 2021
0.96
1.0%
Adam Kramer is a portfolio manager in the Fixed 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, he manages several multi-asset income funds, opportunistic high-yield bond strategies for institutional investors as well as a high income fund available exclusively to Canadian investors.
Brian Chang
Start Date
Tenure
Tenure Rank
Jun 15, 2021
0.96
1.0%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 30.32 | 6.66 | 11.42 |
