Fidelity AAA CLO ETF (FAAA)

Fidelity AAA CLO ETF (FAAA) is an exchange-traded fund in the Securitized Bond Focused category. It has $60.08M in assets and an expense ratio of 0.00%. The fund normally invests at least 80% of assets in collateralized loan obligations (CLOs) that are rated AAA. AAA rated securities in which the fund invests include securities or issuers rated at least AAA or its equivalent by at least one nationally recognized statistical ratings organization (NRSRO), or, if unrated, determined by the Adviser to be of comparable quality. It is non-diversified.