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Fidelity Launches Two CLO ETFs

Observant1
edited February 12 in Fund Discussions
Fidelity just launched two actively managed CLO ETFs.
FAAA will invest at least 80% of its assets in AAA-rated CLOs.
FCLO will have the majority of its portfolio in CLOs rated from BBB+ down to B-.
Management fees will be waived for both funds during the first twelve months.
Afterward, gross expense ratios will be 0.20% and 0.45% for FAAA and FCLO respectively.
CLO ETf assets have increased significantly over the past five years or so.
Some industry participants have said that the AAA segment has become crowded.

https://www.investmentnews.com/etfs/fidelity-debuts-pair-of-active-clo-etfs-as-investor-appetite-broadens/265258

Comments

  • FD1000
    Too late, CLOs were hot in 2023,2024 when I used CLOZ and HOSIX.
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