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The iShares High Yield Muni Active ETF (CBOE:HIMU) sits in one of the more specialized corners of the bond market: actively managed, below-investment-grade and non-rated municipal debt, wrapped in an ETF and pitched at investors hunting tax-advantaged income that ordinary muni funds cannot match.
Fidelity Enhanced High Yield ETF (NYSEARCA:FDHY) pays monthly, currently distributes around $0.27 per share, and has quietly delivered a 10% total price return over the past year.
I compare Fidelity Sustainable High Yield ETF (FSYD) and Fidelity Enhanced High Yield ETF (FDHY), two distinct high yield strategies. FSYD focuses on ESG criteria, investing in socially conscious issuers using both fundamental and quantitative analysis. FDHY employs quantitative analysis and proprietary research, targeting BB/B-rated global high yield securities.
Fidelity Enhanced High Yield ETF delivers a 6% yield via an actively managed, diversified junk bond portfolio with low duration risk. FDHY has outperformed HYG and key competitors in total return and Sharpe ratio since inception. The FDHY fund demonstrates better capital preservation than peers, though its price is marginally down since inception and distributions have lagged inflation.
BG Investment Services Inc. grew its position in Fidelity High Yield Factor ETF (NYSEARCA:FDHY) by 66.3% in the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 57,664 shares of the company's stock after buying an additional 22,986 shares during the period. Fidelity High Yield Factor ETF
Fidelity Investments is one of the largest asset managers in the world with a full menu of investment vehicles.
Retirees are liking exchange-traded funds (ETFs) that offer dividends, but many of them pay out quarterly.
As the rate-cutting cycle ebbs, security selection will become more important in the bond market. FDHY and FTBD both use active, tactical approaches to investing in all corners of the bond market.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.