Fidelity Preferred Securities & Income ETF

Fidelity Preferred Securities & Income ETF is an actively managed fixed income exchange-traded fund focused on preferred securities and other income-producing instruments. The fund typically invests at least 80% of its assets in preferred securities, contingent convertible securities, and corporate hybrid securities issued by domestic and foreign companies, with emphasis on securities rated at least BB. It is designed to provide exposure to a specialized part of the credit market that blends characteristics of equity and debt, making it relevant for investors seeking diversified income sources within a bond-oriented portfolio. The ETF is managed by Fidelity and offers access to a broad universe of preferred and hybrid securities across financials, utilities, energy, and other industries.