---
ticker: "FAAA"
name: "FIDELITY AAA CLO ETF"
url: "https://etf.net/etf/FAAA"
grade: "A"
score: 73
graded_at: "2026-10-12"
category: "Collateralized Loan Obligations (CLO)"
category_rank: "5 of 34"
methodology: "https://etf.net/methodology"
---

# FAAA: FIDELITY AAA CLO ETF

Grade **A**, Score 73 of 100. Rank 5 of 34 in Collateralized Loan Obligations (CLO).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 83 | 1 of 34 |
| Mission | Not scored | — |
| Risk | 72 | 8 of 33 |
| Tradability | 49 | 16 of 34 |
| Holdings | 90 | 2 of 34 |
| Durability | 55 | 19 of 34 |

## Top holdings

The fund holds 199 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Rram 36RA A1R TSFR3M+129 1/40 | 1.39% |
| 2 | — | Bsp 25-6BR A1R TSFR3M+118 4/38 | 1.38% |
| 3 | — | Babsn 25-1A Ar TSFR3M+123 01/3 | 1.38% |
| 4 | — | Ares 25-ALF9A A1 TSFR3M+118 03 | 1.38% |
| 5 | — | Cifc 26-2A A1R2 TSFR3M+116 04/ | 1.38% |
| 6 | — | Dsf 119A A1R TSFR3M+122 7/39 | 1.35% |
| 7 | — | Cash Cf | 1.31% |
| 8 | — | Oc 24-13A AR2 TSFR3M+134 11/37 | 1.27% |
| 9 | — | Plmrs 26-3A Ar TSFR3M+122 01/3 | 1.21% |
| 10 | — | Gm 26-12AR AR2 TSFR3M+120 7/36 | 1.21% |
| 11 | — | An 26-18AR A1R TSFR3M+125 7/39 | 1.21% |
| 12 | — | Cg 26-11AR A1R TSFR3M+126 7/39 | 1.20% |
| 13 | — | Net Other Assets | 1.17% |
| 14 | — | Agl 25-17A Ar TSFR3M+95 01/35 | 1.07% |
| 15 | — | Canyc 25-1A Ar TSFR3M+105 04/3 | 1.07% |
| 16 | — | Mdpk 2026-74A A1 TSFM+125 7/38 | 1.04% |
| 17 | — | Api 2239A A1R TSFR3M+123 10/38 | 1.04% |
| 18 | — | ELM19 6A AR2 TSFR3M+124 10/38 | 1.04% |
| 19 | — | Ocp 25-26A Ar TSFR3M+108 04/37 | 1.04% |
| 20 | — | Rram 25-38A A1A TSFR3M+115 04/ | 1.04% |
| 21 | — | Ocp 25-21A Ar TSFR3M+118 01/38 | 1.04% |
| 22 | — | Bcc 25-1A Ar TSFR3M+94 04/34 1 | 1.03% |
| 23 | — | Aimco 25-AA A1R4 TSFR3M+125 10 | 0.94% |
| 24 | — | Dclo 25-5A A1R TSFR3M+124 01/3 | 0.90% |
| 25 | — | Flat 24-4A A TSFR3M+133 01/38 | 0.87% |
| 26 | — | Mse 26-20A A1R TSFR3M+132 1/37 | 0.87% |
| 27 | — | REG22 2022-2A A1R2 TSFR3M+126 | 0.87% |
| 28 | — | Ohalf 1A A1R4 TSFR3M+125 10/38 | 0.87% |
| 29 | — | Welli 25-5A A TSFR3M+129 10/38 | 0.87% |
| 30 | — | Amm 25-27A A1R TSFR3M+108 1/37 | 0.87% |

Source: etf.net, https://etf.net/etf/FAAA. Please cite the page URL.