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About Fidelity Preferred Securities & Income ETF
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Inception date
Jun 15, 2021
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
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
Corporate
Bonds, Cash & Other100.00%
Corporate91.63%
Government5.10%
Cash3.27%
Futures−0.00%
Displays a symbol's price movements over previous years to identify recurring trends.