Symbols

FDHY

Fidelity Enhanced High Yield ETF·ARCA

--(--)

Key Stats

Assets Under Management

500.14MUSD

Fund Flows (1Y)

142.37MUSD

Dividend Yield

7.01%

Discount/Premium to NAV

0.56%

Shares Outstanding

10.20M

Expense Ratio

0.35%

About Fidelity Enhanced High Yield ETF

Issuer

Fidelity Management & Research Company LLC

Brand

Fidelity

Home Page

https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=FDHY&type=sq-NavBar

Inception Date

Jun 12, 2018

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Fidelity Management & Research Co. LLC

Distributor

Fidelity Distributors Corp.

FDHY is actively managed and is one of the first fixed income ETFs to incorporate a factor-based approach. The fund manager uses a quantitative model to screen over 1,000 high-yield bonds for value and quality metrics, using an index to guide the credit quality and risk characteristics of individual issues and the fund overall. The index is limited to higher-rated (B or BB) junk bonds, but FDHY is not necessarily constrained to these securities. The final selection is actively managed in order to optimize trading costs. FDHY does not target a specific duration.