Fidelity Yield Enhanced Equity ETF (FYEE)

The Fidelity Yield Enhanced Equity ETF (FYEE) is an actively managed exchange-traded fund from Fidelity Investments, launched in 2024, that emphasizes current income along with potential capital growth.

The fund invests mainly in large-capitalization U.S. stocks similar to those found in the S&P 500 and Russell 1000 indexes, using Fidelity's quantitative stock selection. To enhance income, it sells call options, collecting premiums in exchange for giving up some of the upside when stock prices rise sharply.

The fund pays distributions that reflect both stock dividends and option premiums. Shares trade on Cboe BZX.