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Trending ETFs

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$50.04

$373 M

5.92%

$2.96

0.15%

Vitals

YTD Return

2.2%

1 yr return

6.1%

3 Yr Avg Return

2.7%

5 Yr Avg Return

2.4%

Net Assets

$373 M

Holdings in Top 10

15.9%

52 WEEK LOW AND HIGH

$50.0
$49.37
$50.11

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 40.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$50.04

$373 M

5.92%

$2.96

0.15%

FLDR - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.54%
DIVIDENDS
  • Dividend Yield 5.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Low Duration Bond Factor ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Jun 14, 2018
  • Shares Outstanding
    4600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brandon Bettencourt

Fund Description

Normally investing at least 80% of assets in securities included in the Fidelity Low Duration Investment Grade Factor IndexSM. The index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. The index is comprised solely of U.S. investment grade floating rate notes and U.S. Treasury notes.Normally maintaining a duration of 1 year or less.Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Fidelity Low Duration Investment Grade Factor Index℠ using a smaller number of securities.Lending securities to earn income for the fund.
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FLDR - Performance

Return Ranking - Trailing

Period FLDR Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -1.2% 4.3% 57.87%
1 Yr 6.1% 0.6% 15.1% 38.89%
3 Yr 2.7%* -1.9% 6.0% 31.71%
5 Yr 2.4%* -1.0% 4.4% 25.00%
10 Yr N/A* -4.4% 27.6% 29.27%

* Annualized

Return Ranking - Calendar

Period FLDR Return Category Return Low Category Return High Rank in Category (%)
2023 0.8% -2.3% 4.3% 65.74%
2022 -2.4% -6.5% 0.5% 61.24%
2021 -0.7% -2.1% 0.3% 78.82%
2020 0.8% -3.1% 1.8% 20.62%
2019 1.7% -1.2% 6.1% 4.35%

Total Return Ranking - Trailing

Period FLDR Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -1.2% 4.3% 57.87%
1 Yr 6.1% 0.6% 15.1% 38.89%
3 Yr 2.7%* -1.9% 6.0% 31.71%
5 Yr 2.4%* -1.0% 4.4% 25.00%
10 Yr N/A* -4.4% 27.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FLDR Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% 0.8% 12.1% 26.39%
2022 -0.3% -5.1% 2.5% 55.50%
2021 -0.2% -2.1% 14.5% 83.25%
2020 2.0% -1.0% 3.6% 31.96%
2019 4.5% 0.3% 9.6% 4.89%

FLDR - Holdings

Concentration Analysis

FLDR Category Low Category High FLDR % Rank
Net Assets 373 M 25.6 K 22.6 B 70.83%
Number of Holdings 274 2 1291 46.30%
Net Assets in Top 10 59.1 M 23.7 K 17.3 B 74.07%
Weighting of Top 10 15.87% 5.6% 163.3% 63.43%

Top 10 Holdings

  1. Fidelity Cash Central Fund 5.28%
  2. ATHENE GLOBAL FUNDING FRN SFRIX+70 05/24/2024 144A 1.64%
  3. UST NOTES 3.375% 05/15/2033 1.29%
  4. UST NOTES 1.375% 11/15/2031 1.28%
  5. UST NOTES 2.875% 05/15/2032 1.19%
  6. CANADIAN IMPERIAL BK OF COMM FRN SOFR+94 04/07/2025 1.14%
  7. UST NOTES 4.125% 11/15/2032 1.06%
  8. UST NOTES 4.5% 11/15/2033 1.01%
  9. UST NOTES 3.875% 08/15/2033 1.00%
  10. JPMORGAN CHASE and CO FRN VAR 02/24/2026 0.97%

Asset Allocation

Weighting Return Low Return High FLDR % Rank
Bonds
94.81% 0.00% 128.16% 24.07%
Convertible Bonds
13.07% 0.00% 15.25% 1.40%
Cash
5.28% 0.00% 109.89% 45.83%
Stocks
0.00% 0.00% 95.95% 94.44%
Preferred Stocks
0.00% 0.00% 0.00% 93.98%
Other
0.00% -7.74% 99.94% 89.81%

Bond Sector Breakdown

Weighting Return Low Return High FLDR % Rank
Corporate
83.33% 0.00% 99.91% 2.33%
Government
10.57% 0.00% 100.00% 32.09%
Cash & Equivalents
5.28% 0.00% 109.89% 42.13%
Derivative
0.00% -7.49% 21.59% 65.28%
Securitized
0.00% 0.00% 100.00% 99.07%
Municipal
0.00% 0.00% 70.39% 98.60%

Bond Geographic Breakdown

Weighting Return Low Return High FLDR % Rank
US
94.81% 0.00% 128.16% 24.07%
Non US
0.00% 0.00% 22.24% 94.44%

FLDR - Expenses

Operational Fees

FLDR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.02% 29.63% 96.26%
Management Fee 0.15% 0.00% 1.19% 12.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

FLDR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

FLDR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLDR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 369.54% 17.58%

FLDR - Distributions

Dividend Yield Analysis

FLDR Category Low Category High FLDR % Rank
Dividend Yield 5.92% 0.00% 8.76% 11.11%

Dividend Distribution Analysis

FLDR Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLDR Category Low Category High FLDR % Rank
Net Income Ratio 0.54% -1.30% 14.86% 44.23%

Capital Gain Distribution Analysis

FLDR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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FLDR - Fund Manager Analysis

Managers

Brandon Bettencourt


Start Date

Tenure

Tenure Rank

Jun 12, 2018

3.97

4.0%

Since joining Fidelity Investments in 2008, Brandon Bettencourt has worked as a research associate, portfolio analyst, and portfolio manager.

Richard Munclinger


Start Date

Tenure

Tenure Rank

Oct 01, 2020

1.66

1.7%

Richard Munclinger is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Munclinger is responsible for managing all of Fidelity's fixed income index funds, as well as the inflation-protected debt sub-portfolio of Fidelity and Fidelity Advisor Strategic Real Return Funds. Prior to assuming his current position, Mr. Munclinger was a quantitative analyst working with the Core/Core Plus/Tactical Bond investment team on asset allocation and risk management. Prior to joining Fidelity in August 2016, Mr. Munclinger worked as a senior quantitative an analyst at State Street Global Advisors (SSgA). Previously, he was a model validation manager at Freddie Mac and an economist at International Monetary Fund. He has been in the financial industry since 2014. Mr. Munclinger earned his bachelor of science degree in finance from the University of Cape Town. Additionally, he earned his master of science degree, as well as his PhD, in finance from George Washington University. He is also a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 7.92