FCLO ETF — Fidelity CLO ETF

Fidelity CLO ETF (FCLO)

FCLO is a low-cost ETF. its distribution rate is 7.24%, its trailing-12-month yield is 3.15%, its expense ratio is 0.00%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 4.1% over the past 0.6 years, 8.6 points behind SPY at 12.7%.

At the current 7.24% distribution rate, a $10,000 investment would generate approximately $724 per year, or $60.33 per month.

FCLO performance versus SPY

Price and return data through 2026-09-18.

Total return is 4.1% over the past 0.6 years, 8.6 points behind SPY at 12.7%.

FCLO key facts

Distribution Safety Score™

50 · Unproven

Issuer

Fidelity Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

02/10/2026

Expense ratio

0.00%

Distribution rate

7.24%

Distribution frequency

Monthly

Trailing yield

3.15%

Last close

$50.54 (as of 2026-09-18)

NAV

$50.37

Premium / discount

0.34% premium

AUM

$36,442,248

Average volume

5900.0

Last dividend

$0.305

Last ex-dividend date

08/28/2026

Last payment date

09/01/2026

Beta

0.0047

How Dividend Vision calculates yield and returns

Distribution rate (7.24%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.15%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FCLO risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider FCLO — and who may not

FCLO may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Fidelity Investments.