FDHYFidelity High Yield Factor ETF
FDHY Fund Description
FDHY is an actively managed fund using a quantitative screen to select high-yield bonds issued by US and foreign corporations. The fund seeks a high level of income, and may also seek capital appreciation.
FDHY Factset Analytics Insight
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.
FDHY MSCI ESG Analytics Insight
Fidelity High Yield Factor ETF has an MSCI ESG Fund Rating of BB based on a score of 4.02 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Fidelity High Yield Factor ETF ranks in the 11st percentile within its peer group and in the 46th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FDHY Portfolio Data
FDHY Index Data
FDHY Portfolio Management
FDHY Tax Exposures
FDHY Fund Structure
FDHY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FDHY. FDHY is rated a N/A out of 5.