Fidelity High Yield Factor ETF
FDHY

$49.36

0.04%

Market Cap: $338M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

2% more funds holding

Funds holding: 55 [Q1] → 56 (+1) [Q2]

0.8% less ownership

Funds ownership: 25.23% [Q1] → 24.43% (-0.8%) [Q2]

1% less capital invested

Capital invested by funds: $76.3M [Q1] → $75.2M (-$1.05M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for FDHY.

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Financial journalist opinion

FDHY: Not The Time For Credit Risk

Bearish on credit risk, junk debt is mispriced relative to high-quality bonds. Fidelity High Yield Factor ETF offers exposure to high-yield corporate bonds with strong diversification and credit quality. FDHY ETF's actively managed structure and quantitative model may not guarantee outperformance, interest rate risk is a factor to consider.

FDHY: Not The Time For Credit Risk

FDHY: 7.5% Yield, Monthly Dividend From An Outperforming Corporate Bond ETF

The Fidelity High Yield Factor ETF offers exposure to corporate bonds through an actively managed strategy. The fund has outperformed peer benchmarks historically. Narrowing credit spreads and a resilient economic backdrop highlight tailwinds for this market segment into 2024.

FDHY: 7.5% Yield, Monthly Dividend From An Outperforming Corporate Bond ETF

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