FCLO – Fidelity CLO ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to generate income. The fund is normally investing at least 80% of assets in collateralized loan obligations (CLOs). It is a type of asset-backed security. The fund is typically collateralized by a pool of loans, which may include domestic and foreign senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans, and including "covenant lite" loans, which have few or no financial maintenance covenants. CLOs may charge management fees and other expenses. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FCLO	Fidelity CLO ETF	ETF	Open	—	—	Feb 10, 2026	$64.23M	0.000%	—	—	—

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