Securitized Bond Focused · Fidelity Investments · NASDAQ
Securitized Bond FocusedETF
Fidelity CLO ETF (FCLO) is an exchange-traded fund in the Securitized Bond Focused category. It has $27.51M in assets and an expense ratio of 0.00%. 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 ch…