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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.

null Morningstar Manager Research

Morningstar Manager Research

Summary

A strong management team and sound investment process underpin Fidelity® Preferred Securities & Inc ETF's Morningstar Medalist Rating of Silver. The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest 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 0
  • Bond Holdings 41
  • Other Holdings 149
  • % Assets in Top 10 Holdings 22.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Revere Str Tr

4.86
1,504,736
Cash and Equivalents

Wells Fargo & Company 5.9%

3.74
1,156,714
Corporate

Bank of America Corporation 5.86%

2.83
876,330
Corporate

Morgan Stanley 5.3%

2.44
754,644
Corporate

Goldman Sachs Group, Inc. 4.4%

2.42
749,835
Corporate

Citigroup Inc. 6.3%

2.28
704,924
Corporate

The Charles Schwab Corporation 4%

2.02
623,300
Corporate

Goldman Sachs Group, Inc. 5%

1.94
599,434
Corporate

AT&T Inc 4.75% PRF PERPETUAL USD 25 - 1/1000th Int Ser C

1.71
527,500
Communication Services

JPMorgan Chase & Co PRF PERPETUAL USD 25 - Ser JJ 1/400 int

1.54
474,946
Financial Services