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Morningstar

Fidelity Preferred Securities & Inc ETF FPFD

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FPFD

Will FPFD outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPFD’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FPFD management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FPFD’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Fidelity Preferred Securities& Inc ETF's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FPFD

More FPFD Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 3.875%

3.74 1.5 Mil
Government

Fidelity Cash Central Fund

3.10 1.2 Mil
Cash and Equivalents

Bank of America Corp. 5.86%

2.75 1.1 Mil
Corporate

Wells Fargo & Co. 3.9%

2.16 840,219
Corporate

Energy Transfer LP 6.625%

1.95 759,478
Corporate

The Charles Schwab Corporation 4%

1.84 714,033
Corporate

Morgan Stanley

1.49 580,979
Corporate

PNC Financial Services Group Inc.

1.35 523,366
Corporate

Capital One Financial Corp. 3.95%

1.34 519,403
Corporate

Energy Transfer LP 7.125%

1.28 498,360
Corporate