Fidelity Tactical Bond ETF

Frequently Asked Questions About FTBD

What does FTBD invest in?

FTBD actively invests in a wide range of US and foreign fixed-income securities including corporate bonds, government debt, securitized securities, floating rate loans, TIPS, as well as convertibles, and preferred stocks. The adviser uses a quantitative and qualitative approach to security selection which considers several factors such as credit quality, security-specific features, and current and potential valuation. In seeking a high level of current income, the fund tactically allocates to investment-grade and high-yield bonds by actively shifting from one rating to another depending on perceived opportunities. Management techniques are used to minimize various risk exposure like sector rotation, asset allocation, and fundamental analysis. The fund may hold both USD- and non-USD-denominated securities while utilizing forward foreign currency exchange contracts. It may also hold a significant portion in derivatives to have a leveraging effect on the fund.

What is the expense ratio of FTBD?

Fidelity Tactical Bond ETF (FTBD) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FTBD?

Fidelity Tactical Bond ETF (FTBD) manages $36.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FTBD actively managed or an index fund?

FTBD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FTBD launched?

Fidelity Tactical Bond ETF (FTBD) launched in January 2023 and is managed by Fidelity.

How has FTBD performed?

FTBD's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.