Fidelity CLO ETF
FCLO
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
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in mil. unless spec.- CEO
- James A. Bowen
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Feb 10, 2026
- CIK
- 0000945908
- Website
- digital.fidelity.com
- Similar Companies
- Business
- Fidelity CLO ETF (FCLO) is an exchange-traded fund managed by Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, that seeks high current income by investing primarily in collateralized loan obligations. The fund's portfolio consists of floating-rate, senior debt tranches of CLOs backed by diversified corporate loans across various industries, including leveraged loans to middle-market and large-cap borrowers; it targets investment-grade rated tranches with low historical default rates while employing active management to select CLOs based on credit quality, collateral coverage, and manager expertise. FCLO offers daily liquidity on the Cboe BZX exchange, transparent pricing, and a yield premium over traditional fixed-income alternatives, serving institutional and retail investors seeking income in rising rate environments. Headquartered in Boston, Massachusetts, the fund leverages Fidelity's extensive fixed-income platform established since FMR LLC's founding in 1946. Geographically, FCLO operates globally with exposure to U.S.-domiciled CLOs investing in loans to companies worldwide, primarily in North America and Europe. Key segments include residual risk management through Fidelity's proprietary CLO analytics and portfolio construction focused on AAA to BBB-rated tranches. Recent developments include the fund's launch in late 2023 as part of Fidelity's expansion into structured credit ETFs amid surging CLO issuance; in 2025, FCLO benefited from Fidelity's strategic alliance with BlackRock for enhanced CLO data analytics integration, improving risk assessment capabilities. The fund also saw a significant assets under management increase following a 2025 distribution policy adjustment to monthly payouts, attracting yield-hungry investors during Federal Reserve rate pauses. No major acquisitions or name changes have occurred within the past two years.