FDHY

Fidelity Enhanced High Yield ETF

$49.06

+0.00%

Market closed. Last update: 12:29 PM ET

📎 Investment Objective

The Fidelity Enhanced High Yield ETF seeks to provide a high level of current income.

Overview

ETF tracking Fidelity Enhanced High Yield ETF

Category High Yield

Issuer Other

Inception Date 2018-06-14

Market Cap $422.0M

Average Volume N/A

Dividend Yield 5.47%

52-Week Range $46.01 - $49.64

VWAP $49.06

Performance

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Investment Summary

📎 Investment Objective

The Fidelity Enhanced High Yield ETF seeks to provide a high level of current income.

🎯 Investment Strategy

The fund invests primarily in high-yield, high-risk debt securities, also known as 'junk bonds', in an effort to generate higher income than investment-grade bonds. The portfolio is actively managed, with the goal of outperforming the broader high-yield bond market.

✨ Key Features

Focuses on higher-yielding, lower-quality corporate debt securities
Actively managed portfolio aiming to generate excess returns over the high-yield bond market
Potential for higher income compared to investment-grade bond funds
Relatively high risk profile due to the speculative nature of high-yield bonds

⚠️ Primary Risks

Credit risk - The risk that the issuer of a bond will default or be unable to make timely payments of principal and interest
Interest rate risk - The risk that bond prices will decline as interest rates rise
Liquidity risk - The risk that the fund may have difficulty selling certain high-yield bonds at an advantageous time or price
Volatility risk - High-yield bonds tend to be more volatile than investment-grade bonds

👤 Best For

The Fidelity Enhanced High Yield ETF may be suitable for investors seeking higher levels of current income, who have a higher risk tolerance, and who understand the risks associated with investing in high-yield bonds. This fund is generally not recommended for conservative or risk-averse investors.