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Fidelity AAA CLO ETFFidelity AAA CLO ETFFidelity AAA CLO ETF

Fidelity AAA CLO ETF

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Key stats


Assets under management (AUM)
‪112.99 M‬ USD
Fund flows (1Y)
‪92.76 M‬ USD
Dividend yield (indicated)
4.12%
Discount/Premium to NAV
0.3%
Shares outstanding
‪2.25 M‬
Expense ratio
0.00%

Fund info


Issuer
FMR LLC
Brand
Fidelity
Home page
digital.fidelity.com
Inception date
Feb 12, 2026
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
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
CFI code
CEOILS
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


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Investment grade
Niche
Floating rate
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance——————
NAV total return——————

What's in the fund


As of September 10, 2026
Exposure type
Bonds, Cash & Other
Securitized
Bonds, Cash & Other100.00%
Securitized97.67%
Cash2.06%
Miscellaneous0.27%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows



Frequently asked questions


FAAA last dividends amounted to 0.19 USD. The month before, the issuer paid 0.18 USD in dividends, which shows a 7.33% increase.
FAAA assets under management is ‪112.99 M‬ USD. It's risen 28.62% over the last month.
FAAA fund flows account for ‪92.76 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.
Yes, FAAA pays dividends to its holders with the dividend yield of 4.12%. The last dividend (Sep 1, 2026) amounted to 0.19 USD. The dividends are paid monthly.
FAAA shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Feb 12, 2026, and its management style is Active.
FAAA expense ratio is 0.00% meaning you'd have to pay 0.00% of your investment to help manage the fund.
FAAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FAAA invests in bonds.
FAAA trades at a premium (0.27%) meaning the ETF is trading at a higher price than the calculated NAV.