Fidelity AAA CLO ETF

Fidelity AAA CLO ETF is an actively managed fixed-income exchange-traded fund that seeks to provide exposure to AAA-rated collateralized loan obligations, or CLOs. The fund focuses on senior tranches backed by diversified pools of senior secured corporate loans, using a long-only approach within the investment-grade segment of the CLO market. Its portfolio is designed to concentrate on higher-rated securitized credit instruments, with investments primarily in dollar-denominated CLO securities and the ability to use currency hedging when needed. Fidelity AAA CLO ETF appeals to investors looking for access to a specialized credit strategy that sits between traditional corporate bonds and syndicated loans, while emphasizing credit quality, diversification, and floating-rate income characteristics. As part of Fidelity’s fixed-income ETF lineup, it serves as a targeted tool for gaining efficient exposure to a niche but important area of the securitized debt market.