(FPFD) Fidelity Preferred - Overview
Etf: Preferred Securities, Contingent Convertibles, Corporate Hybrids
Dividends
| Dividend Yield | 4.68% |
| Yield on Cost 5y | 5.04% |
| Yield CAGR 5y | 28.83% |
| Payout Consistency | 99.1% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.10% |
| Relative Tail Risk | -1.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.59 |
| Alpha | 0.92 |
| Character TTM | |
|---|---|
| Beta | 0.114 |
| Beta Downside | 0.159 |
| Drawdowns 3y | |
|---|---|
| Max DD | 7.62% |
| CAGR/Max DD | 0.83 |
Description: FPFD Fidelity Preferred December 30, 2025
The Fidelity Preferred Securities & Inc. ETF (BATS:FPFD) allocates at least 80 % of its net assets to preferred securities and other income-producing instruments, including contingent convertible (CoCo) and hybrid corporate securities. The portfolio is limited to issues rated BB- or higher by S&P (or Ba-/higher by Moody’s) or to unrated securities that Fidelity deems of comparable credit quality, and it is classified as a non-diversified fund.
Key metrics (as of the latest filing) show an expense ratio of 0.45 %, a weighted-average yield around 5.2 % and assets under management of roughly $1.1 billion. The fund’s average duration is about 5 years, making it moderately sensitive to changes in the Federal Reserve’s policy rate; a 25 bp rise in rates typically depresses preferred-stock prices by 1-2 %. Credit-spread tightening in the high-yield sector and corporate balance-sheet deleveraging are primary drivers of performance for the underlying hybrids.
For a deeper dive into how FPFD’s credit-quality filters and duration profile compare to peers, you might explore the analytics on ValueRay.
What is the price of FPFD shares?
Over the past week, the price has changed by -0.07%, over one month by +0.69%, over three months by +1.26% and over the past year by +6.24%.
Is FPFD a buy, sell or hold?
What are the forecasts/targets for the FPFD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 24.1 | 9.7% |
FPFD Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 79.9m USD (79.9m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 79.9m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 79.9m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.33% (E(79.9m)/V(79.9m) * Re(6.33%) + (debt-free company))
Discount Rate = 6.33% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)