FDHY ETF

Fidelity Investments is making changes to its active high yield ETF, effectively lowering costs for investors. The fund's name changed from The Fidelity High Yield Factor ETF to the Fidelity Enhanced High Yield ETF on Oct. 10.

Bearish on credit risk, junk debt is mispriced relative to high-quality bonds. Fidelity High Yield Factor ETF offers exposure to high-yield corporate bonds with strong diversification and credit quality. FDHY ETF's actively managed structure and quantitative model may not guarantee outperformance, interest rate risk is a factor to consider.

The Fidelity High Yield Factor ETF offers exposure to corporate bonds through an actively managed strategy. The fund has outperformed peer benchmarks historically. Narrowing credit spreads and a resilient economic backdrop highlight tailwinds for this market segment into 2024.

Looking to add a high yield bond ETF to your portfolio? You wouldn't be alone.