Fidelity Total Bond ETFFidelity Total Bond ETFFidelity Total Bond ETF

Fidelity Total Bond ETF

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Key stats


Assets under management (AUM)
‪16.23 B‬USD
Fund flows (1Y)
‪10.14 B‬USD
Dividend yield (indicated)
4.59%
Discount/Premium to NAV
0.06%

About Fidelity Total Bond ETF


Issuer
FMR LLC
Brand
Fidelity
Expense ratio
0.36%
Inception date
Oct 6, 2014
Index tracked
No Underlying Index
Management style
Active
FBND combines a rules-based sector allocation with active security selection for its take on broad exposure to the USD debt market. It accesses the same strategy of an existing Fidelity mutual fund (FTBFX) in a transparent ETF wrapper. While it`s actively managed, FBND uses the Barclays US Universal Bond Index to guide its sector allocation. This produces exposure to high yield (up to 20%), which is one of many sectors along with Treasurys, MBS, corporates, agencies and USD-denominated EM debt. The fund aims to match the duration of this index as well. To enhance its returns, FNBD can use derivatives to expand the opportunity set and add leverage.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Broad credit
Niche
Broad maturities
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 19, 2024
Exposure type
StocksBonds, Cash & Other
Government
Corporate
Securitized
Stocks0.07%
Finance0.05%
Industrial Services0.01%
Utilities0.00%
Government0.00%
Bonds, Cash & Other99.93%
Government40.77%
Corporate28.61%
Securitized28.07%
Mutual fund7.84%
Loans3.12%
Agency0.02%
Futures−0.03%
Miscellaneous−0.42%
Cash−8.04%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows