Fidelity Preferred Securities & Income ETF
$20.88−0.13 (−0.62%)
- Expense ratio
- 0.59%
- Fund size
- $79M
- 1Y return
- −0.7%
- Yield · Last 12 months
- 5.34%
- Holdings
- 213
- Volume · 30D
- 0M sh
- NAV per share
- $21.04
- 52W range
The ETF.net FPFD Grade
Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 28Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 75Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 64Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 51Category rank
Our read on FPFD
CMost funds in this dividend crowd buy common stock. FPFD climbs a rung up the capital stack, actively picking preferred securities, heavily bank and insurer paper, and paying out monthly.
The ETF seeks high total return through current income and capital appreciation.
Why people hold it
- Owns preferred securities rather than common shares, aiming for high total return from current income plus capital appreciation, with distributions paid monthly.institutional.fidelity.com
- Actively managed by Fidelity with no index to shadow, so the team can shift between issues and issuers as the preferred market moves.
- Spread across roughly 200 preferred issues, so no single security carries the fund.
- Trading since 2021 and sitting in the upper half of its income-focused peer group on our review.
Worth knowing
- The 0.59% expense ratio runs above the middle of its peer group, where plain dividend-equity funds such as CGDV (0.33%) charge less.
- Preferreds concentrate in financials and act like long-dated bonds, so bank sector stress and interest-rate swings both land here.
- Shares trade lightly, so bid-ask spreads can be wider than on the largest preferred funds.
FPFD Holdings
- Bonds
- 213
- 20%
- ENERGY TRAN LP 6.625%/VAR PERP
Sectors
- Financials56.0%
- Utilities20.6%
- Communication11.7%
- Real Estate5.4%
- Technology5.0%
- Consumer Discr.0.8%
- Energy0.6%
Geography
- United States83.44%
- Canada6.20%
- Japan4.10%
- United Kingdom2.95%
- France1.68%
- Germany0.67%
- Bermuda0.60%
- Ireland0.20%
- 0.16%
FPFD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | FPFD |
|---|---|
| Year to date | −0.3% |
| 1 month | −0.6% |
| 3 months | −1.0% |
| 1 year | −0.7% |
| 3 years | +6.7% |
| 5 years | +1.0% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FPFD |
|---|---|---|
| 2026 YTD | −0.3% | |
| 2025 | +6.5% | |
| 2024 | +8.5% | |
| 2023 | +10.9% | |
| 2022 | −17.1% | |
| 2021 | +1.9% |
FPFD in the news
ETF.net Research hasn’t filed on FPFD yet — coverage lands here as it’s written.
FPFD Dividends
- 5.34%
- $1.12
- $0.09 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Sep 1, 2026 | $0.09 |
| Jul 30, 2026 | Aug 3, 2026 | $0.08 |
| Jun 29, 2026 | Jul 1, 2026 | $0.12 |
| May 28, 2026 | Jun 1, 2026 | $0.08 |
| Apr 29, 2026 | May 1, 2026 | $0.11 |
| Mar 30, 2026 | Apr 1, 2026 | $0.10 |
| Feb 26, 2026 | Mar 2, 2026 | $0.08 |
| Jan 29, 2026 | Feb 2, 2026 | $0.08 |
| Dec 30, 2025 | Jan 2, 2026 | $0.13 |
| Nov 26, 2025 | Dec 1, 2025 | $0.08 |
| Oct 30, 2025 | Nov 3, 2025 | $0.09 |
| Sep 29, 2025 | Oct 1, 2025 | $0.08 |
FPFD Risk
- 5.7%
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.
- 0.40
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.
- −20.7%
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.
- 0.76
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FPFD Cost
- The middle half of Preferred Securities funds
- Median 0.50%
21 of the 31 Preferred Securities funds charge less.