Key stats
About Fidelity Covington Trust Fidelity Sustainable High Yield ETF
Expense ratio
0.55%
Home page
Inception date
Feb 15, 2022
FSYD seeks high income and capital growth by targeting global high-yield corporate bonds with positive ESG characteristics. The selection of debt securities involves two components: 1) a proprietary ESG ratings process that focuses on multiple factors that highlight individual environmental, social, and governance profiles to assess issuers sustainability practices, 2) a multi-factor quantitative model that screens over 1,000 high-yield bonds for value and quality metrics, while using an index to guide the credit quality and risk characteristics of the fund, and 3) a fundamental analysis of factors such as each issuers financial condition and industry position, as well as economic and market conditions. The final selection is actively managed in order to optimize trading costs. Note, FSYD does not target a specific duration.
Classification
What's in the fund
Exposure type
Corporate
Stocks0.92%
Finance0.21%
Communications0.19%
Electronic Technology0.16%
Utilities0.09%
Consumer Durables0.08%
Producer Manufacturing0.08%
Health Services0.07%
Health Technology0.04%
Bonds, Cash & Other99.08%
Corporate96.12%
Cash1.64%
Loans1.06%
Miscellaneous0.25%
Mutual fund0.02%