Key stats
About Fidelity Total Bond ETF
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Inception date
Oct 6, 2014
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Government
Corporate
Stocks0.00%
Utilities0.00%
Transportation0.00%
Finance0.00%
Bonds, Cash & Other100.00%
Securitized34.48%
Government34.30%
Corporate29.90%
Loans5.08%
Mutual fund3.05%
Futures0.06%
Miscellaneous−0.31%
Cash−6.56%
Stock breakdown by region
North America92.36%
Europe5.53%
Latin America0.81%
Middle East0.51%
Asia0.40%
Africa0.27%
Oceania0.12%
Top 10 holdings
Dividends
Dividend payout history