Fidelity Sustainable High Yield ETF (FSYD US) – Portfolio Construction MethodologyThe investment framework underpinning the actively managed Fidelity Sustainable High Yield ETF targets USD high-yield corporate bonds, combining bottom-up credit selection with defined sustainability criteria that avoid issuers with severe ESG controversies or prohibited activities while rewarding improving practices. Analysts underwrite business risk, financial policy, cash-flow coverage, asset protection and covenant strengt ...