Fidelity High Yield Factor ETFFDHY
FDHY
0
Funds holding %
of 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
100% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 15
10% more funds holding
Funds holding: 60 [Q3] → 66 (+6) [Q4]
9% more capital invested
Capital invested by funds: $88.7M [Q3] → $96.7M (+$8M) [Q4]
0.56% more ownership
Funds ownership: 26.14% [Q3] → 26.7% (+0.56%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for FDHY.
Financial journalist opinion
Positive
Seeking Alpha
2 months ago
FDHY: Robust Active High Yield Fund, But Timing Is Not Right
Fidelity Enhanced High Yield ETF is an active ETF using a quantitative model to select high yield bonds, focusing on BB and B rated credits with minimal CCC exposure. The fund has a robust track record, outperforming passive peers but slightly trailing another active ETF, HYDB, in total returns. Current high yield spreads are at a decade low, making the market overbought and not an attractive entry point for FDHY.
Positive
ETF Trends
3 months ago
Fidelity's Active High-Yield Bond ETF Stands Out for Low Cost
Cost is one reason why investors may prefer the ETF wrapper over mutual funds for active high-yield bond exposure. ETFs charge shareholders an expense ratio, which pays for fund management and operations.
Neutral
ETF Trends
4 months ago
5 ETF Articles That Broke Through in 2024
On this platform, VettaFi covers a wide range of ETF topics to keep advisors and investors informed. Thus far in 2024, we published more than 3,000 articles.
Positive
ETF Trends
4 months ago
Fidelity Launches 5 Active ETFs, Growing Enhanced & Fundamental Suites
Fidelity has launched five new active equity ETFs as demand for actively managed strategies continues to grow. On November 21, the firm launched Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC), Fidelity Enhanced Emerging Markets ETF (FEMR), Fidelity Fundamental Developed International ETF (FFDI), Fidelity Fundamental Global ex-U.S. ETF (FFGX), and Fidelity Fundamental Emerging Markets ETF (FFEM).
Negative
Seeking Alpha
5 months ago
FDHY: Leading ETF In A Lagging Asset Class
Fidelity Enhanced High Yield ETF holds about 400 “junk bonds” selected with a factor-based methodology aiming to optimize the return and reduce default risk. The FDHY ETF has outperformed a high-yield bond benchmark and its largest competitors, providing a total return equivalent to a fallen angels fund. However, FDHY price return and distribution growth are lagging behind inflation.
Positive
ETF Trends
6 months ago
Fidelity Slashes Price on Its Active High Yield ETF
Fidelity Investments is making changes to its active high yield ETF, effectively lowering costs for investors. The fund's name changed from The Fidelity High Yield Factor ETF to the Fidelity Enhanced High Yield ETF on Oct. 10.
Neutral
Seeking Alpha
10 months ago
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.
Positive
Seeking Alpha
1 year ago
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.
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