FLDBFidelity Low Duration Bond ETF

Get income Stay safe2y track recordRanked #51 of 340 in this goal

Seeks to obtain a high level of current income consistent with preservation of capital.

By Fidelity Investments · Launched 2024

Annual Cost

0.20%

#1,039 of 5,562 · low cost

Fund Size

$409M

#1,732 of 5,562 · large

Dividend YieldGoal

4.24%

Track Record

2 years

#3,444 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,423+4.2%

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

Classification

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

What it actually holds

By weight

Concentration

Top 10 holdings = 30.7% of fund✓ well diversified

UST NOTES

7.3%

UST NOTES

5.9%

UST BILLS

5.6%

UST NOTES

5.4%

UST NOTES

3.0%

UST BILLS

1.3%

Fidelity Revere Street Trust

1.1%

CVS HEALTH CORP

0.4%

WELLS FARGO and CO

0.4%

FLATIRON CLO 28 LTD / FLATIRON CLO 28 LLC

0.4%

Asset allocation

Bonds

96.3%

Cash

3.8%

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

4.1 years

Avg maturity

10.0 years

Credit ratings

US Government

27.1%

AAA

48.0%

13.5%

30.1%

BBB

7.9%

Other

0.5%

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to obtain a high level of current income consistent with preservation of capital.
Strategy: Invests primarily in investment-grade debt securities and repurchase agreements, maintaining a duration of 1 year or less and a dollar-weighted average maturity of 2 years or less. Allocates over 25% of assets in financial services and engages in transactions with leveraging effects.
Inception date: February 22, 2024
Fund family: Fidelity Investments