FIDELITY AAA CLO ETFFAAA

$50.34

0.0% last session

[…] YTD

Data as of 11/4/20264:00 PM ET · End-of-day

Dividend-adjusted return from the previous close · S&P 500 uses VOOFAAAS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	+0.3%	+1.2%	—	—	—	—	+3.8%
Peer average	+0.4%	+1.3%	−0.1%	+0.5%	+1.4%	+20.5%	+5.7%	—
S&P 500 · VOO	+1.6%	−1.6%	0.0%	+13.4%	+13.5%	+91.7%	+81.2%	—

Key Statistics

Open all fund facts →

AUM: $134M
Expense ratio: 0.20%
Distribution yield: 3.0%
NAV: $50.27
Volume: 86K
Avg. volume 30D: 125K
High today: $50.34
Low today: $50.31
Previous close: $50.33
52-week high: $50.49
52-week low: $49.67
Our risk indicator: 2/5

FAAA in One Breath

FAAA Among Corporate ETFs

YTD

#1BCLOiShares+4.8%$113M

#2CLOCAAM+4.7%$60.8M

#3RAAAReckoner+4.6%$45.0M

#4PCMMBondBloxx+4.5%$268M

#5PSQAPalmer Square+4.4%$250M

#6NCLONuveen+4.4%$243M

#7ACLOTCW+4.3%$595M

#8RCLOReckoner+4.1%$44.6M

#9CLOIVanEck+4.1%$1.8B

End-of-day Nov 5, 2026 · 139 Corporate ETFs by YTD

$10,000 in FAAA

$10,000 in FAAA became

$10,377

In the S&P 500 (VOO)

$11,170

Total return, dividends in · Feb 10, 2026 – Nov 4, 2026 · S&P 500 uses VOO

FAAA’s Top Holdings

Today

OAKC 25-10RA1.7%NEUB 25-45A 1.6%MAGNE 26A AR1.5%SIXST 25-22A1.5%WELLI 25-5A 1.5%MAGNE 37A A11.5%MDPK 49A AR 1.4%BCC 24-6A A11.4%WWICK 25-1A 1.4%ARES 2AR AR41.4%ABBSL 26-8A 1.4%OCP 2024-33A1.4%RRAM 26-5A A1.4%ANCHC 26-9A 1.4%HONPK 26-1A 1.4%ELM38 25-1A 1.4%CASH CF1.4%OAKCL 25-1A 1.3%DRSLF 24-93A1.3%OHALF 1A A1R1.3%ELM19 6A AR21.2%PUTNM 25-2A 1.2%

OAKC 25-10RA AOakc 25-10ra Ar2 Tsfr3m+113 041.7%NEUB 25-45A 1.6%MAGNE 26A AR1.5%SIXST 25-22A1.5%WELLI 25-5A 1.5%MAGNE 37A A11.5%MDPK 49A AR 1.4%BCC 24-6A A11.4%WWICK 25-1A 1.4%ARES 2AR AR41.4%ABBSL 26-8A 1.4%OCP 2024-33A1.4%

Fidelity FAAA · 0 holdings · tile size = share of the fund · as of Nov 4, 2026

What FAAA Holds

Today

All holdings100.0%

OAKC 25-10 1.7 · NEUB 25-45 1.6 · MAGNE 26A 1.5 · SIXST 25-2 1.5 · WELLI 25-5 1.5 · MAGNE 37A 1.5 · MDPK 49A A 1.4

Fidelity FAAA · share of the fund · as of Nov 4, 2026

Oakc’s Share of FAAA

Today

1.7%

$17 of every $1,000 in FAAA is Oakc

Oakc held by FAAA

$2.3M

Fidelity FAAA · each square = $10 of $1,000 · as of Nov 4, 2026

FAAA’s Share of Corporate ETFs

Today

0.0%

of the $396B in 169 Corporate ETFs

FAAA$134M0.0%

VCIT$66.6B16.8%

VCSH$43.9B11.1%

166 others$285B72.1%

Corporate ETF AUM · Nov 5, 2026

FAAA Fee per $100 vs Peers

Today

$0.20a year
per $100

$20 a year on $10,000

VCIT$0.03

VCSH$0.03

IGSB$0.04

LQD$0.14

FAAA$0.20

JAAA$0.20

Expense ratio · Corporate peers · Nov 5, 2026

Inside FAAA

as of Nov 4, 2026

FAAA

FIDELITY AAA CLO ETF

Today

All holdings100.0%86 more holdings79.6% of the fund

All holdings100.0%94 more holdings90.7% of the fund

#	Ticker	Company	Weight ▼
1	—	Oakc 25-10ra AR2 Tsfr3m+113 04	1.73%
2	—	Neub 25-45a AR Tsfr3m+106 10/3	1.64%
3	—	Magne 26A AR2 Tsfr3m+115 01/38	1.49%
4	—	Sixst 25-22a AR Tsfr3m+113 04/	1.49%
5	—	Welli 25-5a A Tsfr3m+129 10/38	1.48%
6	—	Magne 37A A1R Tsfr3m+120 10/38	1.48%
7	—	Mdpk 49A AR Tsfr3m+105 10/34	1.41%
8	—	BCC 24-6a A1 Tsfr3m+133 01/38	1.39%
9	—	Wwick 25-1a AR Tsfr3m+128 10/3	1.39%
10	—	Ares 2AR AR4 Tsfr3m+90 10/34	1.39%

Fidelity FAAA · current holdings by weight · as of Nov 4, 2026 · each tile is one holding · top 20 = 28.5%

How It Compares

FAAA

FIDELITY AAA CLO ETF’s Peers

YTD

		Trend
VCIT	VanguardRead Desk		0.03%	−0.9%	+0.1%	$66.6B
VCSH	VanguardRead Desk		0.03%	+1.2%	+2.1%	$43.9B
LQD	iSharesRead Desk		0.14%	−1.4%	−0.9%	$32.8B
JAAA	Janus HendersonRead Desk		0.20%	+3.8%	+4.8%	$32.3B
IGSB	iSharesRead Desk		0.04%	+1.3%	+2.2%	$23.6B
FAAA	FidelityThis fundRead Desk	New fund	0.20%	new	new	$134M

Corporate peers · YTD and past-year returns · as of Nov 5, 2026 · sorted by AUM

Head to Head

Put FAAA head to head with VCIT →

VCIT vs FAAA

YTD

VCITVanguard · CorporateFAAAFidelity · Corporate

Year to date

−0.9%

[…]

Level

Past year

+0.1%

[…]

Level

Fee

0.03%

0.20%

VCIT winslower fee

Yield

5.0%

3.0%

VCIT wins+2.0 pts

AUM

$66.6B

$134M

VCIT496.3× more

2–0VCIT wins

Vanguard VCIT and Fidelity FAAA · year-to-date · as of Nov 5, 2026 · AUM not scored

FAAA vs Its Peer Average

YTD

FAAAAvsBPeer average

1D0.0%+0.4%

1M+0.3%+1.3%

3M+1.2%−0.1%

YTD[…]+0.5%

1Y[…]+1.4%

3Y[…]+20.5%

5Y[…]+5.7%

1–2Peer average wins

168 Corporate peers · each row scaled to its leader

The Details

FAAA

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y[…]

Deepest drop · 1Y[…]

Lowest point · 5Y−0.1%

52-week range

$50.34

$49.67−0.3% from the high$50.49

Fidelity FAAA · past-year price moves · as of Nov 5, 2026

FAAA

Fund Facts

Today

2026launched Feb 10

Tracks[…]

Exchange · CUSIPNASDAQ · 316188838

StructureETF

Leverage1x

Cost on $10,000$20 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Fidelity FAAA · fund facts · as of Nov 5, 2026

FAAA

Payouts by Year

$0.13per share, Oct 2026

Distribution yield3.0%

PaidEvery month

Latest ex-date · paidOct 29 · Nov 2, 2026

9 payouts added up$1.52 a share

Fidelity FAAA · distributions by ex-date · 2026–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗summary prospectus · SEC 497K ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$50.27

Premium / discount[…]

Median spread · 30D[…]

Volume today86K

Average volume · 30D125K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.20%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$20.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 29, 2026	Nov 2, 2026	$0.13
Sep 29, 2026	Oct 1, 2026	$0.17
Aug 28, 2026	Sep 1, 2026	$0.19
Jul 30, 2026	Aug 3, 2026	$0.18
Jun 29, 2026	Jul 1, 2026	$0.18
May 28, 2026	Jun 1, 2026	$0.17
Apr 29, 2026	May 1, 2026	$0.18
Mar 30, 2026	Apr 1, 2026	$0.19
Feb 26, 2026	Mar 2, 2026	$0.12

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