FYEE
Fidelity Yield Enhanced Equity ETF
📎 Investment Objective
The Fidelity Yield Enhanced Equity ETF (FYEE) seeks to provide investment results that correspond, before fees and expenses, to the total return performance of the Fidelity Yield Enhanced Equity Index.
Overview
ETF tracking Fidelity Yield Enhanced Equity ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Fidelity Yield Enhanced Equity ETF (FYEE) seeks to provide investment results that correspond, before fees and expenses, to the total return performance of the Fidelity Yield Enhanced Equity Index.
🎯 Investment Strategy
The ETF invests in a diversified portfolio of equity securities that are intended to provide higher dividend yields than the broader U.S. equity market. The fund's portfolio is designed to track the performance of the Fidelity Yield Enhanced Equity Index, which selects and weights companies based on their expected dividend yield.
✨ Key Features
- Focuses on equities with higher expected dividend yields compared to the broader market
- Seeks to provide exposure to a diversified portfolio of U.S. stocks
- Passively managed to track the Fidelity Yield Enhanced Equity Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Equity market risk: The value of the fund's holdings may decline due to general market conditions or other factors
- Dividend risk: Companies may reduce or eliminate their dividend payments, which could negatively impact the fund's performance
- Tracking error risk: The fund may not perfectly track the performance of its underlying index
- Concentration risk: The fund's focus on higher-yielding stocks may result in less diversification and higher volatility
👤 Best For
This ETF may be suitable for investors seeking exposure to a diversified portfolio of U.S. equities with a focus on higher dividend yields. It may be particularly appealing to investors with a long-term investment horizon who are looking to generate income from their equity investments.