(FDHY) Fidelity High Yield Factor - Overview
ETF Category: High Yield Bond | Exchange: NYSE ARCA (USA) | Market Cap: 521m USD | Total Return: 7.9% in 12m
Avg Turnover: 3.69M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Fidelity High Yield Factor ETF (FDHY) focuses on debt securities rated below investment grade, commonly known as high yield or junk bonds. The fund maintains a mandate to invest at least 80% of its assets in these instruments, specifically targeting the BB and B credit tiers to balance yield potential with credit risk. By utilizing the ICE BofA BB-B U.S. High Yield Constrained Index as a structural guide, the fund aims to manage volatility while capturing the risk premium associated with non-investment grade issuers.
The high yield sector typically consists of companies with higher leverage or more cyclical business models compared to investment-grade firms. These issuers often pay higher interest rates to compensate investors for increased default risk and sensitivity to economic downturns. You can further analyze these risk metrics and historical performance data on ValueRay.
- Narrowing credit spreads increase underlying bond valuations and fund share price
- Federal Reserve interest rate pivots impact high yield debt discount rates
- Default rates among BB and B rated corporate issuers affect Net Asset Value
- Energy and industrial sector performance drives solvency of core portfolio holdings
- Institutional demand for yield-bearing assets influences secondary market liquidity and pricing
As of June 07, 2026, the stock is trading at USD 48.88 with a total of 69,550 shares traded.
Over the past week, the price has changed by -0.54%,
over one month by -0.10%,
over three months by +1.12% and
over the past year by +7.86%.
Fidelity High Yield Factor has no consensus analysts rating.