Fidelity Enhanced High Yield ETF (FDHY)
ARCA ARCA Primary Summary
FDHY Chart
High-Yield ETF Quietly Delivered 10% Returns While Paying Monthly Dividends
Fidelity Enhanced High Yield ETF (NYSEARCA:FDHY) pays monthly, currently distributes around $0.27 per share, and has quietly delivered a 10% total price return over the past year.
FDHY: Superior Benefit/Risk Ratio In The Junk Bond ETF Category
Fidelity Enhanced High Yield ETF delivers a 6% yield via an actively managed, diversified junk bond portfolio with low duration risk. FDHY has outperformed HYG and key competitors in total return and Sharpe ratio since inception. The FDHY fund demonstrates better capital preservation than peers, though its price is marginally down since inception and distributions have lagged inflation.
The 5 Fidelity ETFs With The Highest Dividend Yields For Steady Income
Fidelity Investments is one of the largest asset managers in the world with a full menu of investment vehicles.
Fidelity Enhanced High Yield ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,021 | $97,618.59 | $99,241.2 | $1,622.61 | 1.66% |
 Alexandria Fry Dentgroup LLC | 43,929 | $2.14M | $2.16M | $21,890.53 | 1.03% |
 Maree Sgro BG Investment Services Inc. | 96,455 | $4.71M | $4.74M | $35,313.92 | 0.75% |
 Ana-Maria Ignat Covestor Ltd | 100 | $4,804 | $4,914 | $110 | 2.29% |
| NJL Nelson J. Lam LAM GROUP Inc. | 255 | $12,378 | $12,526.87 | $148.87 | 1.2% |
Fidelity Enhanced High Yield ETF (FDHY) FAQ
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Fidelity Enhanced High Yield ETF Profile
| ARCA Exchange | US Country |
Overview
The company specializes in investment strategies focusing on debt securities that are below investment grade, commonly known as high yield debt securities or junk bonds. It adheres to a strategic investment philosophy that involves allocating at least 80% of its assets towards these high-risk, high-return debt instruments. In guiding its investment selections and structural decisions, the company utilizes the ICE® BofA® BB-B US High Yield Constrained Index. This approach ensures that the investments meet specific credit quality distribution and risk characteristics aligned with the company’s investment objectives. The fund's primary target includes securities rated BB or B by Standard & Poor’s, Ba or B by Moody’s, or those with comparable ratings by any nationally recognized credit rating agency. Moreover, it also considers investments in unrated securities that are deemed to be of comparable quality by FMR.
Products and Services
- High Yield Debt Securities Investment
This service focuses on investing in debt securities that are rated below investment grade, offering clients the opportunity to gain from higher yield potential. The objective is to generate income through investments that carry a higher risk but potentially deliver greater returns compared to investment-grade bonds.
- Investment Grade Rating Guidance
The fund uses the ICE® BofA® BB-B US High Yield Constrained Index for structuring and selecting investments, ensuring that the credit quality distribution and risk characteristics are cohesive with the fund's investment philosophy. This guidance allows for a disciplined investment approach, targeting securities with specific ratings (BB or B by S&P and Ba or B by Moody’s) or those deemed of comparable quality.
- Credit Quality Assessment
Investment choices include securities that have been rated by reputable credit rating agencies such as S&P and Moody’s, or those similarly rated by equivalent bodies. For unrated securities, the fund relies on its internal evaluation by FMR to determine if they meet the fund’s criterion for comparable quality, widening the spectrum of investment opportunities.
