BATS | ETF
The fund normally invests at least 80% of the fund's assets in preferred securities and other income-producing securities.
It normally invests in all types of preferred securities and other income-producing securities such as contingent convertible securities and corporate hybrid securities.
The fund primarily invests in securities rated at least BB by S&P, Ba by Moodys, comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by FMR to be of comparable quality.
It is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| US064058AJ97 | BK 3.7 | 3.93% | ||
| TBB | AT&T Inc. 5.35% GLB NTS 66 | 1.59% | ||
| SOJE | Southern Company (The) Series 2 | 1.34% | ||
| US38141GYU20 | GS 4.125 | 1.34% | ||
| MS-P-I | Morgan Stanley Depository Shares Series 1 | Other | Other | 1.23% |
| US48128BAH42 | JPM 4 | 1.22% | ||
| US693475BC86 | PNC 3.4 | 1.14% | ||
| T-PC | AT&T Inc | Communication Services | Telecom Services | 0.99% |
| US902973BC96 | USB 3.7 | 0.98% | ||
| US808513BJ38 | SCHW 4 | 0.94% | ||
| STRF | MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock | Technology | Software - Application | 0.92% |
| MS-P-K | Morgan Stanley Depositary Shares Series K | Other | Other | 0.87% |
| US02005NBN93 | ALLY 4.7 | 0.81% | ||
| DTK | DTE Energy Company 2025 Series | 0.77% | ||
| BAC-PM | Bank of America Corporation | Financial Services | Banks - Diversified | 0.75% |
| WFC-PZ | Wells Fargo & Company | Financial Services | Banks - Diversified | 0.71% |
| BML-P-H | Bank of America Corporation Depositary Shares Series 2 | Other | Other | 0.68% |
| US14040HCF01 | COF 3.95 | 0.68% | ||
| US949746TD35 | Wells Fargo & Co 3.9% | 0.67% | ||
| DUKB | Duke Energy Corp | 0.60% |