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Trending ETFs

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

$20.23

$33.9 M

4.86%

$0.98

0.59%

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

$20.23

$33.9 M

4.86%

$0.98

0.59%

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%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Preferred Securities & Income ETF
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Jun 15, 2021
  • Shares Outstanding
    1600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam 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

  1. Fidelity Revere Str Tr 4.44%
  2. Wells Fargo & Company 5.9% 3.94%
  3. KKR Group Finance Company IX LLC 0% 3.59%
  4. Morgan Stanley 5.3% 3.59%
  5. Citizens Financial Group Inc 6% 3.40%
  6. Apollo Management Holdings, L.P. 4.95% 3.16%
  7. Truist Financial Corporation 5.125% 2.99%
  8. Discover Financial Services 5.5% 2.96%
  9. JPMorgan Chase & Co PRF PERPETUAL USD 25 - Ser JJ 1/400 int 2.94%
  10. 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

View More +

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