Performance & Risk: FPFD

FIDELITY PREFERRED SECURITIES AND INCOME ETFFidelity

21.38up0.035 (0.164%)

 as of 4:10:01pm ET 01/26/2023

Premium / Discount to NAV as of 12/31/2022

Premium Chart
Date Average
12/2022 0.29%
11/2022 0.07%
10/2022 0.29%
09/2022 0.33%
08/2022 0.06%
07/2022 0.23%
06/2022 0.64%
05/2022 0.42%
04/2022 0.61%
03/2022 0.50%
02/2022 0.64%
01/2022 0.38%
1 Year Average0.37%

Growth of Hypothetical $10,000 * as of 12/31/2022

Growth Chart
Date Value
12/31/2022 $8,363.35
09/30/2022 $8,269.34
06/30/2022 $8,268.04
03/31/2022 $9,214.80
12/31/2021 $10,075.47
09/30/2021 $10,078.19
06/30/2021 $10,000.00

Month-End Average Annual Total Returns And Risks As of 12/31/2022

Returns Volatility (vs. Market Benchmark)
Average NAV Return Market Return Benchmark Index
(ICE BofA US All Cap Sec Index)
AS OF 12/31/2022
Market Benchmark
(Bloomberg US Agg Bond TR USD)
AS OF 12/31/2022
Alpha R2 Beta Standard
Deviation
Sharpe
Ratio
1 Year -16.99 -17.10 -14.85 -13.01 -1.02% 69.45% 1.21% 12.04% -1.68%
3 Year -- -- -- -- -- -- -- -- --
5 Year -- -- -- -- -- -- -- -- --
10 Year -- -- -- -- -- -- -- -- --
Life +3.31 +3.49 -- -8.40 -- -- -- -- --
All Life of Fund returns are as of 06/15/2021.  Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

Quarter-End Average Annual Total Returns As of 12/31/2022

Return Before Taxes (pre-tax) Return After Taxes On Distribution (post tax) Return After Taxes On Distribution
& Sale of Fund Shares (liquidation)
Average NAV Return Market Return NAV Return Market Return NAV Return Market Return
1 Year -16.99 -17.10 -18.65 -18.75% -10.03 -10.09%
3 Year -- -- -- -- -- --
5 Year -- -- -- -- -- --
10 Year -- -- -- -- -- --
Life +3.31 +3.49 +1.60 +1.78% +1.87 +2.01%
All Life of Fund returns are as of 06/15/2021.  Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.
Gross Expense Ratio: 0.59%

Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. Assumes the highest tax rate in calculating and follow the SEC guidelines for calculating returns before sale of shares. Click here to learn more.

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. In general, the bond market is volatile, and bond funds entail interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Bond funds also entail the risk of issuer or counterparty default, issuer credit risk, and inflation risk. The fund may invest in lower-quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Because preferred securities have a lower priority claim on assets or earnings than senior debt instruments in an issue's capital structure, they are subject to greater credit and liquidation risk than more senior debt instruments. Contingent convertible securities may involve additional risks, which may include cancellation of interest payments by the issuer or a regulatory authority; subordi¬nation to other creditors due to either a liquidation or other bankruptcy-related event or a conversion of the security from debt to equity; and a write-down of the security's principal amount. The financials industries are subject to extensive government regulation, can be subject to relatively rapid change due to increasingly blurred distinctions between service segments, and can be significantly affected by availability and cost of capital funds, changes in interest rates, the rate of corporate and consumer debt defaults, and price competition The fund may effect its creations and redemptions for cash rather than in-kind securities, and may recognize more capital gains and be less tax-efficient than if it were to redeem in-kind. An ETF may trade at a premium or discount to its Net Asset Value (NAV). Non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole.

Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Quarter-End returns include all applicable recurring and non-recurring fees (including short-term trading or redemption fees) and charges, if any.
Free commission offer applies to online purchases select ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

*The chart illustrates the NAV performance of a hypothetical $10,000 investment made in the fund on 12/31/1999 or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock Inc., and its affiliates.

Fidelity receives compensation from the funds advisor or its affiliates in connection with a licensing agreement to utilize Fidelity’s active ETF methodology which may create incentives for FBS to encourage the purchase of certain ETFs.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

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Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.

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