Fidelity AAA CLO ETF
FAAA
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Christopher Lees
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Feb 12, 2026
- CIK
- 0001562565
- Website
- fidelity.com
- Similar Companies
- Business
- Fidelity AAA CLO ETF (FAAA) is an exchange-traded fund managed by Fidelity Management & Research Company LLC that seeks high current income by investing primarily in collateralized loan obligations (CLOs) rated AAA by major credit rating agencies; it holds a diversified portfolio of floating-rate debt securities backed by senior secured loans to corporations across various industries, including investment-grade tranches with low credit risk and minimal equity exposure. The fund offers investors exposure to AAA-rated CLOs issued by a range of CLO managers such as Palmer Square, CIFC, and Golub Capital; provides daily liquidity through NYSE Arca trading; and features a low expense ratio of approximately 0.20%, making it suitable for income-focused portfolios seeking yield above traditional bonds with limited principal volatility. Launched in 2023 and listed on the NYSE Arca exchange, FAAA operates globally with underlying CLO assets tied to U.S. and European corporate borrowers; it is part of Fidelity's suite of fixed income ETFs domiciled in the United States under Fidelity Covington Trust. Recent developments include a significant increase in assets under management surpassing $1 billion within its first year, reflecting strong investor demand amid rising interest rates; the fund's inaugural dividend yield exceeding 6% annualized as of late 2024; and Fidelity's strategic expansion into structured credit products, highlighted by enhanced portfolio monitoring tools and AAA tranche selection criteria amid market volatility in 2025.