Key stats
About Fidelity Preferred Securities & Income ETF
Expense ratio
0.59%
Home page
Inception date
Jun 15, 2021
ISIN
US3160922619
FPFD mainly invests in preferred securities and income-producing securities, such as contingent convertible securities and corporate hybrid securities. To be included in the fund, a security must have a rating of at least BB. FPFD aims to widen its reach by investing in both domestic and foreign issuers, across varying maturities. Since the fund is actively managed, the fund adviser uses fundamental analysis to buy and sell securities for the fund. Factors such as potential for success, industry position, economic and market conditions, security's structural features, current price vs long-term value, earnings potential, credit standing, and companys management are considered. The fund is non-diversified and may invest a significant percentage of its assets in relatively few companies.
Classification
What's in the fund
Exposure type
Finance
Corporate
Stocks62.42%
Finance51.17%
Utilities4.70%
Communications3.64%
Industrial Services0.87%
Electronic Technology0.85%
Distribution Services0.68%
Bonds, Cash & Other37.58%
Corporate29.16%
Government5.29%
Mutual fund3.95%
Cash−0.83%