Fidelity AAA CLO ETF
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No trades
Compare with Fidelity AAA CLO ETF
Key stats
Details
Home page
Inception date
Feb 12, 2026
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Co. LLC
ISIN
US3161888389
CUSIP
316188838
FIGI
BBG01ZZ4MF42
Identifiers
ISIN US3161888389
FAAA is an income-oriented fixed income ETF focused primarily on AAA-rated collateralized loan obligations. CLOs are structured securities backed by pools of corporate loans, and the fund invests mainly in senior tranches that sit higher in the capital structure and are designed to absorb losses only after more junior layers are impacted. Portfolio construction considers credit quality, tranche features, valuation, and trading opportunities across both primary issuance and secondary markets. The strategy also seeks to maintain overall interest rate risk similar to a CLO benchmark. The fund may invest in other highly rated CLOs, limit fixed-rate exposure, and allocate up to 25% of assets to non-US dollar-denominated CLOs with currency exposure typically hedged through forward contracts. Derivatives and forward-settling instruments may also be used to adjust risk positioning and can introduce leverage-like effects.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized97.15%
Cash2.51%
Miscellaneous0.34%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently asked questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FAAA trades at 50.31 USD today, its price has risen 0.04% in the past 24 hours. Track more dynamics on FAAA price chart.
FAAA net asset value is 50.19 today — it's risen 0.49% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FAAA assets under management is 86.56 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FAAA fund flows account for 66.40 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FAAA invests in bonds. See more details in our Profile section.
FAAA expense ratio is 0.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FAAA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FAAA pays dividends to its holders with the dividend yield of 4.05%.
FAAA trades at a premium (0.19%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FAAA shares are issued by FMR LLC
FAAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 12, 2026.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.