Fidelity AAA CLO ETF (FAAA)
49.98
-0.02
(-0.04%)
USD |
NASDAQ |
Mar 23, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 0.20% | 0.01% | 21.24M | -- |
| Weighted Average Dividend Yield | Turnover Ratio (Generic) | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| -- | -- | 219.95M |
Basic Info
| Investment Strategy | |
| The Fund seeks to generate income. The fund pays transaction costs, such as commissions, when it buys and sells securities. The Fund invests at least 80% of assets in collateralized loan obligations (CLOs) that are rated AAA. The Fund may also invest in other CLOs with a minimum rating of A- and no more that 10% in CLOs. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Loan Participation Funds |
| Peer Group | Loan Participation Funds |
| Global Macro | Loan Participation Funds |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Loan Participation Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of March 24, 2026.
Asset Allocation
As of February 28, 2026.
| Type | % Net |
|---|---|
| Cash | 6.81% |
| Stock | 0.00% |
| Bond | 96.36% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -3.18% |
Basic Info
| Investment Strategy | |
| The Fund seeks to generate income. The fund pays transaction costs, such as commissions, when it buys and sells securities. The Fund invests at least 80% of assets in collateralized loan obligations (CLOs) that are rated AAA. The Fund may also invest in other CLOs with a minimum rating of A- and no more that 10% in CLOs. |
| General | |
| Security Type | Exchange-Traded Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Loan Participation Funds |
| Peer Group | Loan Participation Funds |
| Global Macro | Loan Participation Funds |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Loan Participation Funds |
| Fund Owner Firm Name | Fidelity Investments |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |