ETF overview
This exchange-traded fund (ETF) primarily invests in a core selection of prominent, well-established U.S. companies. It employs a disciplined investment methodology to identify businesses exhibiting desirable financial and operational characteristics. Complementing these equity holdings, the fund implements an options overlay by strategically selling covered call options. This strategy is specifically designed to generate an attractive distribution yield for investors by collecting premiums from these option sales. However, a crucial aspect of this approach is that while it aims to boost income, it simultaneously introduces an upside cap on the equity portfolio's potential for capital appreciation. This limitation occurs if the market experiences a strong rally, driving stock prices beyond the strike price of the sold call options.
Fund facts
- Expense ratio
- 0.31%
- Fund assets
- 294.1M USD (all share classes)
- Issuer
- Fidelity
- Inception date
- Apr 9, 2024
- Number of holdings
- 171
Breakdown
Holdings (171)
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA CORP | NVDA | 7.48% |
| APPLE INC | AAPL | 7.15% |
| MICROSOFT CORP | MSFT | 4.98% |
| AMAZON.COM INC | AMZN | 3.93% |
| ALPHABET INC CL A | GOOGL | 3.24% |
| BROADCOM INC | AVGO | 2.81% |
| META PLATFORMS INC CL A | META | 2.78% |
| ELI LILLY & CO | LLY | 1.98% |
| BERKSHIRE HATHAWAY INC CL B | BRK-B | 1.92% |
| MICRON TECHNOLOGY INC | MU | 1.80% |
| and 158 more | ||
Similar ETFs
- Fidelity Hedged Equity ETFFHEQ · Overlap 86% · Expense ratio 0.52%
- Global X - S&P 500 Risk Managed Income ETFXRMI · Overlap 65% · Expense ratio 0.60%
- Global X - S&P 500 Covered Call ETFXYLD · Overlap 65% · Expense ratio 0.60%
- Parametric Hedged Equity ETFPHEQ · Overlap 64% · Expense ratio 0.29%
- Invesco S&P 500 BuyWrite ETFPBP · Overlap 64% · Expense ratio 0.29%
- Global X S&P 500 Covered Call & Growth ETFXYLG · Overlap 64% · Expense ratio 0.35%
- iShares S&P 500 BuyWrite ETFIVVW · Overlap 64% · Expense ratio 0.25%
- Innovator Equity Managed 10 Buffer ETFXBFR · Overlap 64% · Expense ratio 0.79%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.31%
- Fund assets
- 294.1M USD (all share classes)
- Issuer
- Fidelity
- Inception date
- Apr 9, 2024
- Number of holdings
- 171
| Name | Ticker | Weight |
|---|---|---|
| NVIDIA CORP | NVDA | 7.48% |
| APPLE INC | AAPL | 7.15% |
| MICROSOFT CORP | MSFT | 4.98% |
| AMAZON.COM INC | AMZN | 3.93% |
| ALPHABET INC CL A | GOOGL | 3.24% |
| BROADCOM INC | AVGO | 2.81% |
| META PLATFORMS INC CL A | META | 2.78% |
| ELI LILLY & CO | LLY | 1.98% |
| BERKSHIRE HATHAWAY INC CL B | BRK-B | 1.92% |
| MICRON TECHNOLOGY INC | MU | 1.80% |
| and 158 more | ||
This exchange-traded fund (ETF) primarily invests in a core selection of prominent, well-established U.S. companies. It employs a disciplined investment methodology to identify businesses exhibiting desirable financial and operational characteristics. Complementing these equity holdings, the fund implements an options overlay by strategically selling covered call options. This strategy is specifically designed to generate an attractive distribution yield for investors by collecting premiums from these option sales. However, a crucial aspect of this approach is that while it aims to boost income, it simultaneously introduces an upside cap on the equity portfolio's potential for capital appreciation. This limitation occurs if the market experiences a strong rally, driving stock prices beyond the strike price of the sold call options.
- Fidelity Hedged Equity ETFFHEQ · Overlap 86% · Expense ratio 0.52%
- Global X - S&P 500 Risk Managed Income ETFXRMI · Overlap 65% · Expense ratio 0.60%
- Global X - S&P 500 Covered Call ETFXYLD · Overlap 65% · Expense ratio 0.60%
- Parametric Hedged Equity ETFPHEQ · Overlap 64% · Expense ratio 0.29%
- Invesco S&P 500 BuyWrite ETFPBP · Overlap 64% · Expense ratio 0.29%
- Global X S&P 500 Covered Call & Growth ETFXYLG · Overlap 64% · Expense ratio 0.35%
- iShares S&P 500 BuyWrite ETFIVVW · Overlap 64% · Expense ratio 0.25%
- Innovator Equity Managed 10 Buffer ETFXBFR · Overlap 64% · Expense ratio 0.79%
Overlap is the share of assets the two funds hold in common.
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