Fidelity Equity Premium Yield ETF

FEPY

NAV $27.10 21-Nov-2024
$0.12 / 0.45% Daily NAV change

MARKET PRICE 21-Nov-2024
$27.11

Inception 24-Sep-2024
Net assets $14.3M
22-Nov-2024
Units outstanding 525,000
22-Nov-2024
Management fee 0.40%
Investment program DRIP
Distributions
Benchmark Cboe S&P 500 2% OTM BuyWrite Index
Exchange Cboe CA
CUSIP 31613F100

Also available through ETF US$

Get ETF Facts

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Start NAV

$10.0000

End NAV

$10.4031

Distributions

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Why invest in this ETF?

A strategy that aims to enhance cash-flow opportunities through the use of a call writing strategy.
Delivers exposure to the equity market for long-term capital growth potential.
Aims to achieve lower overall portfolio volatility compared to the S&P 500 Index.

Calendar returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Standard period returns

In accordance with National Instrument 81-102, performance cannot be shown until one year after a fund's inception.

Risk measures

Risk measures cannot be calculated on funds that are less than three years old. This fund does not yet meet the required criteria.

Risk classification

Low
Low to medium
Medium
Medium to high
High

This fund has a medium volatility rating

Allocation

Asset mix (%)

30-Sep-2024

Country mix (%)

30-Sep-2024

Sector mix (%)

30-Sep-2024

	12 months ago	Last month	Current month
Information Technology	-	-	31.2
Financials	-	-	13.6
Health Care	-	-	13.1
Communication Services	-	-	10.8
Industrials	-	-	10.6
Consumer Disc.	-	-	10.3
Consumer Staples	-	-	4.8
Materials	-	-	1.9
Energy	-	-	1.9
Utilities	-	-	1.0
Real Estate	-	-	0.6

Top ten holdings

Apple
Nvidia
Microsoft
Amazon.com
Meta Platforms
Berkshire Hathaway, Cl. B
Alphabet, Cl. A
Broadcom
J. P. Morgan Chase
Alphabet, Cl. C

Total number of holdings	165
Top ten holdings aggregate	36.0%

View all

Portfolio managers

Eric Granat Portfolio co-manager September 24, 2024
Anna Lester Portfolio co-manager September 24, 2024
George Liu Portfolio co-manager September 24, 2024
Mitch Livstone Portfolio co-manager September 24, 2024
Shashi Naik Portfolio co-manager September 24, 2024

Fund information
- ETF facts
A guide to Fidelity cash flow-generating ETFs

A summary of Fidelity's cash flow generating ETFs, catering to income-focused investors across equity, balanced, and fixed income categories, to enhance cash flow from investments.
Fidelity Equity Premium Yield ETF

Seeking cash flow today, and growth for tomorrow.
Features sheet

An overview of Fidelity Equity Premium Yield ETF
Features sheet

An overview of Fidelity Equity Premium Yield ETF 富達股票溢價收益 ETF - Chinese version
Discover the complete ETF and ETF Mutual Fund lineup

ETF Product Lineup: An overview of Fidelity ETFs and ETF mutual funds

Fidelity Equity Premium Yield ETF

Portfolio holdings listing
As at

The listing of portfolio holdings provides information on a fund's investments as of the date indicated. The information provided in this listing may differ from a fund's holdings in its annual report.

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Footnotes and disclosures

The Cboe S&P 500 2% OTM BuyWrite Index tracks the performance of a hypothetical 2% out-of-the-money buy-write strategy on the S&P 500 Index. The buy-write strategy is based on buying positions indexed to the S&P 500 Index and writing near-term S&P 500 Index call options.

Fidelity Equity Premium Yield ETF aims to provide income and long-term capital growth. In implementing an options-based strategy that aims to enhance cash flow and mitigate overall portfolio volatility, the ETF sells (writes) call options on an index representing the performance of companies with large market capitalizations, such as the S&P 500 Index. The ETF’s ability to provide distributions to unitholders will depend on the yield available on the equity securities held by the ETF and the premiums received with respect to its written call options. There is no guarantee that the ETF will make regular distributions to its unitholders or that distributions to unitholders will remain consistent, and the amounts distributed to unitholders could vary based on the market or economic environment and other factors. Distributions in excess of the ETF’s current and accumulated earnings and profits will be treated as a return of capital, which is a distribution from the unitholder’s investment principal rather than net profits from the ETF’s returns. Therefore, any portion of a distribution that is characterized as a return of capital should not be confused with the ETF’s “yield” or “income.” Writing call options also involves risks, including that the ETF may be required to sell the underlying asset or settle in cash an amount of equal value at a price below the market price at the time of exercise of an option. The premiums associated with writing covered call options may not exceed the returns that would have resulted if the ETF had remained directly invested in the securities subject to call options. Please read the ETF’s prospectus for more details of these and other risks.

Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. Please read the mutual fund or ETF's prospectus, which contains detailed investment information, before investing. The indicated rates of return are historical annual compounded total returns for the period indicated, including changes in unit value and reinvestment distributions, and do not take into account any charges or income taxes payable by any security holder that would have reduced returns. Mutual funds and ETFs are not guaranteed. Their values change frequently. Past performance may not be repeated.

A return of capital reduces an investor’s adjusted cost base. Capital gains taxes are deferred until units are sold or until the ACB goes below zero. Investors should not confuse this cash flow distribution with a fund’s rate of return or yield. While investors in Fidelity’s tax-efficient series (Tax-Smart CashFlow) will be able to defer some personal capital gains, they must still pay tax on capital gains distributions that arise from the sale of individual holdings by fund managers, and on interest and dividend distributions. Tax-Smart CashFlow will also pay a year-end distribution that must be reinvested in additional securities of the applicable fund. The monthly cash-flow distributions on Tax-Smart CashFlow are not guaranteed, will be adjusted from time to time and may include income.

The charting tool is for illustrative purposes only and it does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual's objectives and risk tolerance.

Month-end asset mixes may total greater than / less than 100% due to differences in the timing of cashflows and investments, and/or to reflect cash held for the purposes of collateral allocations associated with certain types of derivatives. Country and sector allocations show specific exposures to countries / sectors representing at least 1% of total fund asset. As such, the values displayed may not total 100%.

The information provided in this listing and top ten holdings or top five issuers may differ from a fund’s holdings in its annual report and as follows, where applicable:

For the annual report, a fund’s investments include trades executed through the end of the last business day of the period. This listing and the ten holdings or five issuers include trades executed through the end of the previous business day.

The list includes any investment in derivative instruments, and excludes the value of any cash collateral held for securities on loan and a fund’s net other assets. There, the holdings as a percent of fund net assets may not total to 100%.

The top ten holdings or top five issuers for fixed-income and money market funds are presented to illustrate examples of the securities that the fund has bought and the diversity of the areas in which the fund may invest, may not be the representative of the fund’s current or future investments, and may change at any time. The top ten holdings and top five issuers do not include cash, cash equivalents, money market instruments, options, interest rate swaps, fixed-income total return swaps and/or futures contracts. Depositary receipts, credit default swaps and equity total return swaps are normally combined with the underlying security.

The listing of portfolio holdings provides information on a fund’s investments as at the date indicated. The information provided in this listing may differ from a fund’s holdings in its annual report.

^† ETF (NAV) inception date is 24-Sep-2024 and ETF (Market price) inception date is 26-Sep-2024.

Commissions, fees and expenses may be associated with investment funds. Read a fund’s prospectus or offering memorandum and speak to an advisor before investing. Funds are not guaranteed, their values change frequently and investors may experience a gain or loss. Past performance may not be repeated.

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This site is for persons in Canada only. Mutual funds and ETFs sponsored by Fidelity Investments Canada ULC are only qualified for sale in the provinces and territories of Canada.

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Start NAV

End NAV

Why invest in this ETF?

Calendar returns

Standard period returns

Risk measures

Risk classification

Allocation

Asset mix (%)

Country mix (%)

Sector mix (%)

Top ten holdings

Portfolio managers

Eric Granat Portfolio co-manager September 24, 2024

Anna Lester Portfolio co-manager September 24, 2024

George Liu Portfolio co-manager September 24, 2024

Mitch Livstone Portfolio co-manager September 24, 2024

Shashi Naik Portfolio co-manager September 24, 2024

Fund information

A guide to Fidelity cash flow-generating ETFs

Fidelity Equity Premium Yield ETF

Features sheet

Features sheet

Discover the complete ETF and ETF Mutual Fund lineup