Skip to content
etf.net

Launched · SEC filings

Fidelity CLO ETF

FCLONasdaqC

$50.47+0.04 (+0.07%)

At close: Oct 13, 2026, 4:00 PM

C45/ 100

Rank 21 of 34 in Collateralized Loan Obligations (CLO)

C45/100Rank 21 of 34inCollateralized Loan Obligations (CLO)
Intraday session: up, 47 prints from 50.44 to 50.47. Range 50.44 to 50.49. Use the arrow keys to read each point.50.4550.4650.4850.4910 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$43M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
117
Avg volume · 30D
0M sh
NAV per share
$50.31
52W range
low $49.72high $50.65
Launched
Filings
SEC EDGAR

The ETF.net FCLO Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
21 of 34
Six-pillar profile for FCLO. Scores out of 100: Cost 27, Risk 75, Mission not scored, Tradability 32, Holdings 70, Durability 53. Strongest: Risk (75). Weakest: Cost (27). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 24 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A75 out of 100
    Rank 5 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D32 out of 100
    Rank 28 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 11 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C53 out of 100
    Rank 20 of 34

Our read on FCLO

ETF.net Research

CMost CLO ETFs camp at the top of the stack and stop there. Fidelity's FCLO is written wider: an income mandate with at least 80% of assets in collateralized loan obligations, no AAA-only label attached.

Stated mandate

The fund seeks to generate income and normally invests at least 80% of its assets in collateralized loan obligations (CLOs).

Why people hold it

  1. 01The mandate is CLOs broadly: at least 80% of assets, income as the stated goal, and no AAA-only rating screen written into the objective.
  2. 02Fidelity already runs an AAA-only CLO fund (FAAA), so this is the wider-mandate sibling from a shop already in the asset class, not a first swing at it.
  3. 03Plain 1940 Act ETF wrapper with the 80% policy spelled out in the prospectus, so the strategy is a written commitment rather than marketing language.

Worth knowing

  1. 01At 0.45%, it runs more than double the 0.20% area charged by the big AAA CLO funds (JAAA, CLOA, and Fidelity's own FAAA). The broader mandate has to earn that gap.
  2. 02A 2026 launch in a category led by long-established incumbents. Smaller and less traded funds can carry wider bid-ask spreads, so the quote is worth a look.
  3. 03Income is the stated objective, but the payout rhythm is still irregular; there is no settled distribution schedule to plan around yet.

FCLO Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
117
Top-10 weight
22%
Largest holding
Cash Cf6.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash Cf6.36%3,278,315$3M61
002—Net Other Assets4.51%0$2M141
003—Apid 25-54A D2 TSFR3M+390 10/31.94%1,000,000$1M4
004—Galxy 24-33A D1 TSFR3M+355 04/1.46%750,000$751K2
005—ELM37 25-13A E1 TSFR3M+475 01/1.45%750,000$750K1
006—Stacr 26-DNA1 A1 4.54962% 2/561.43%737,500$737K3
007—Tcifc 25-1A D2R TSFR3M+400 07/1.35%700,000$698K1
008—Neub 25-46A Cr TSFR3M+175 01/31.27%655,000$655K1
009—Fcbsl 1A A1AR TSFR3M+110 10/331.25%645,157$646K1
010—Sand 2024-1A D2R 8.615% 04/371.23%650,000$637K2
011—Anchc 26-37A D TSFR3M+310 4/391.23%625,000$632K1
012—Trest 10A D1 TSFR3M+265 4/391.22%625,000$627K1
013—ELM25 2024-1A Dr 3M+280 4/371.21%625,000$624K2
014—Galxy 26-32A D1R TSFR3M+295 011.21%625,000$624K1
015—Ocp 26-31A D2R TSFR3M+360 04/31.20%625,000$620K1

Showing 1–15 of 117 holdings

FCLO Performance

Launched Feb 10, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FCLO$10,198
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FCLO $10,198. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FCLO. Periods over one year show the average yearly return.
PeriodFCLO
Year to dateFund launched this year—
1 month+0.5%
3 months+2.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FCLO
YearReturn barFCLO
2026 YTD+4.6%

Since listing, Feb 10, 2026

FCLO in the news

Filtered to FCLO · Collateralized Loan Obligations (CLO)

FCLO Dividends

Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 8 payments in 2026 YTD. Feb 26, 2026 $0.07; Mar 30, 2026 $0.20; Apr 29, 2026 $0.26; May 28, 2026 $0.25; Jun 29, 2026 $0.24; Jul 30, 2026 $0.26; Aug 28, 2026 $0.31; Sep 29, 2026 $0.24. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Oct 1, 2026$0.24
Aug 28, 2026Sep 1, 2026$0.31
Jul 30, 2026Aug 3, 2026$0.26
Jun 29, 2026Jul 1, 2026$0.24
May 28, 2026Jun 1, 2026$0.25
Apr 29, 2026May 1, 2026$0.26
Mar 30, 2026Apr 1, 2026$0.20
Feb 26, 2026Mar 2, 2026$0.07

FCLO Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FCLO Cost

Expense ratio0.45%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

23 of the 34 Collateralized Loan Obligations (CLO) funds charge less.

FCLO costs $45.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.

Other funds in Collateralized Loan Obligations (CLO)

See others