FLDBFidelity Low Duration Bond ETF

Get income Stay safe2y track recordRanked #61 of 387 in this goal

Seeks a high level of current income while preserving capital.

By Fidelity Investments · Launched 2024

Annual Cost

0.20%

#967 of 6,040 · low cost

Fund Size

$418M

#1,807 of 6,040 · large

Return (1Y)

+3.6%

Track Record

2 years

#3,372 of 6,040 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,364+3.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Index tracked

Bloomberg US Treasury Bill: 6-9 Months Index

Holdings

By weight

Concentration

Top 10 holdings = 28.8% of funddiversified

UST NOTES

8.7%

UST NOTES

7.1%

UST NOTES

5.3%

Fidelity Revere Street Trust

2.1%

UST NOTES

2.0%

UST NOTES

1.9%

CVS HEALTH CORP

0.4%

WELLS FARGO and CO

0.4%

JPMORGAN CHASE and CO

0.4%

ROYAL BANK OF CANADA

0.4%

Asset allocation

Bonds

89.8%

Cash

9.8%

Other

0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.9%Low

Year-on-year price swings

Max drawdown

-0.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.2 years

Avg maturity

10.0 years

Credit ratings

US Government

25.8%

AAA

50.3%

14.0%

28.5%

BBB

6.6%

Other

0.5%

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks a high level of current income while preserving capital.
Strategy: Normally invests at least 80% of assets in investment-grade debt securities of medium and high quality, including corporate bonds and government securities. Engages in transactions with derivatives to adjust risk exposure, while maintaining a duration of 1 year or less and a dollar-weighted average maturity of two years or less.
Inception date: February 22, 2024
Fund family: Fidelity Investments