Fidelity US Quality Income

ETF description

The Fidelity US Quality Interest ETF focuses on providing exposure to high‑quality U.S. investment‑grade bonds with a strong emphasis on credit quality and income generation. By tracking a broad benchmark of U.S. investment‑grade corporate bonds, this ETF includes a diversified selection of bonds from leading U.S. corporations, aiming to deliver stable income and capital preservation. The ETF is designed for investors seeking a reliable source of income from high‑credit‑quality debt securities, while aiming to mitigate credit risk through investment in well‑rated, financially strong companies. It is suitable for those looking to enhance their portfolio with a focus on quality and yield within the U.S. fixed‑income market.

Issuer details

Fidelity Investments is a leading global asset management firm with over $4.5 trillion in assets under management as of June 2024. Fidelity offers many investment products, including mutual funds, ETFs, retirement services, and wealth management, covering various market segments such as equities, fixed income, sector‑based funds, target‑date funds, and ESG (Environmental, Social, Governance). Founded in 1946 by Edward C. Johnson II, Fidelity is known for its research‑driven approach. Notable ETFs include the Fidelity ZERO Total Market Index Fund and the Fidelity MSCI Information Technology Index ETF, reflecting Fidelity’s commitment to providing low‑cost and diversified investment options to meet the needs of individual and institutional investors alike.

Index details

The US Quality Interest index offers targeted exposure to high‑quality U.S. equities, focusing on companies with robust financial health and strong performance metrics. By emphasizing firms with superior profitability, stable earnings, and high return on equity, this index aims to capture the potential for steady growth and reduced volatility. Its focus on quality characteristics makes it a valuable addition for portfolios seeking to invest in high‑caliber U.S. stocks while aiming for stable and reliable returns.