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Trending ETFs

Name

As of 05/24/2024

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

Fidelity Limited Term Bond ETF

FLTB | Active ETF

$48.97

$151 M

4.17%

$2.04

0.25%

Vitals

YTD Return

0.8%

1 yr return

5.5%

3 Yr Avg Return

-0.1%

5 Yr Avg Return

1.5%

Net Assets

$151 M

Holdings in Top 10

20.9%

52 WEEK LOW AND HIGH

$49.0
$47.56
$49.35

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 75.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/24/2024

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

Fidelity Limited Term Bond ETF

FLTB | Active ETF

$48.97

$151 M

4.17%

$2.04

0.25%

FLTB - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return -0.1%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity Limited Term Bond ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Oct 09, 2014
  • Shares Outstanding
    5050000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Galusza

Fund Description

Normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities.Allocating the fund's assets across investment-grade, high yield, and emerging markets debt securities. Using the Fidelity Limited Term Composite Index℠ as a guide in allocating assets across the investment-grade and high yield asset classes. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.Investing up to 20% of assets in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).Normally maintaining a dollar-weighted average maturity between two and five years.Managing the fund to have similar overall interest rate risk to the index.Investing in domestic and foreign issuers.Allocating assets across different asset classes, market sectors, and maturities.Analyzing the credit quality of the issuer, the issuer's potential for success, the credit, currency, and economic risks of the security and its issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
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FLTB - Performance

Return Ranking - Trailing

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -2.9% 12.4% 60.99%
1 Yr 5.5% 0.2% 26.7% 32.48%
3 Yr -0.1%* -6.3% 4.3% 64.54%
5 Yr 1.5%* -4.2% 4.7% 44.18%
10 Yr N/A* -19.2% 169.7% 6.28%

* Annualized

Return Ranking - Calendar

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
2023 2.5% -1.6% 7.6% 29.78%
2022 -7.4% -17.7% -2.6% 58.13%
2021 -2.1% -4.0% 4.4% 73.17%
2020 3.9% -7.1% 7.6% 6.92%
2019 3.1% -2.3% 9.3% 17.55%

Total Return Ranking - Trailing

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -2.9% 12.4% 60.99%
1 Yr 5.5% 0.2% 26.7% 32.48%
3 Yr -0.1%* -6.3% 4.3% 64.54%
5 Yr 1.5%* -4.2% 4.7% 44.18%
10 Yr N/A* -19.2% 169.7% N/A

* Annualized

Total Return Ranking - Calendar

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% 1.8% 15.2% 38.97%
2022 -5.9% -17.3% -1.3% 74.58%
2021 -1.2% -2.7% 7.7% 89.77%
2020 5.6% -2.4% 14.5% 18.58%
2019 5.9% 0.6% 12.6% 18.37%

FLTB - Holdings

Concentration Analysis

FLTB Category Low Category High FLTB % Rank
Net Assets 151 M 14.5 K 57.3 B 84.98%
Number of Holdings 634 2 9251 32.78%
Net Assets in Top 10 31.7 M 993 K 6.33 B 86.26%
Weighting of Top 10 20.90% 2.1% 108.7% 61.90%

Top 10 Holdings

  1. Fidelity Cash Central Fund 10.38%
  2. UST NOTES 4.375% 12/15/2026 2.15%
  3. UST NOTES 4.5% 07/15/2026 1.43%
  4. UST NOTES 4.375% 11/30/2028 1.33%
  5. UST NOTES 4.625% 03/15/2026 1.32%
  6. UST NOTES 3.875% 01/15/2026 1.25%
  7. GOLDMAN SACHS GROUP INC (THE) 2.64%/VAR 02/24/2028 0.91%
  8. SLAM 2021-1 LTD / SLAM 2021-1 LLC 2.434% 06/15/2046 144A 0.76%
  9. NIAGARA PARK CLO LLC TSFR3M+126.161 07/17/2032 144A 0.71%
  10. MAGALLANES INC 3.755% 03/15/2027 0.67%

Asset Allocation

Weighting Return Low Return High FLTB % Rank
Bonds
97.84% 0.00% 130.36% 16.12%
Cash
10.38% -20.59% 62.18% 13.92%
Convertible Bonds
5.62% 0.00% 27.71% 8.99%
Preferred Stocks
0.03% 0.00% 22.27% 12.27%
Other
0.02% -0.97% 72.36% 76.56%
Stocks
0.00% 0.00% 103.64% 90.66%

Bond Sector Breakdown

Weighting Return Low Return High FLTB % Rank
Corporate
53.46% 0.00% 100.00% 26.79%
Government
23.56% 0.00% 73.63% 39.08%
Securitized
19.76% 0.00% 97.27% 72.48%
Cash & Equivalents
10.38% 0.00% 62.18% 13.74%
Municipal
0.08% 0.00% 17.46% 42.02%
Derivative
0.02% -0.55% 28.01% 32.42%

Bond Geographic Breakdown

Weighting Return Low Return High FLTB % Rank
US
97.84% 0.00% 130.36% 13.00%
Non US
0.00% 0.00% 83.16% 92.86%

FLTB - Expenses

Operational Fees

FLTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.01% 3.24% 92.45%
Management Fee 0.25% 0.00% 1.19% 34.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FLTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

FLTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

FLTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 75.00% 2.00% 500.00% 49.79%

FLTB - Distributions

Dividend Yield Analysis

FLTB Category Low Category High FLTB % Rank
Dividend Yield 4.17% 0.00% 11.11% 63.37%

Dividend Distribution Analysis

FLTB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FLTB Category Low Category High FLTB % Rank
Net Income Ratio 0.90% -1.27% 4.98% 66.29%

Capital Gain Distribution Analysis

FLTB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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FLTB - Fund Manager Analysis

Managers

Robert Galusza


Start Date

Tenure

Tenure Rank

Oct 06, 2014

7.65

7.7%

Rob Galusza is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Before joining Fidelity in 1987, Mr. Galusza was an international underwriter at Chubb and Son Inc. In this capacity, he performed risk analysis on international corporations. He has been in the insu rance and investments industries since 1985. Mr. Galusza earned his bachelor of science degree in finance, with concentrations in investments and marketing, from Babson College and his master of science in finance degree from Boston College’s Carroll School of Management.

David DeBiase


Start Date

Tenure

Tenure Rank

Nov 30, 2018

3.5

3.5%

Dave DeBiase is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Since joining Fidelity Investments in 2006, Mr. DeBiase has worked as a trader and portfolio manager. Before joining Fidelity in 2006, he worked as a senior structured products analyst at Standish Mellon Asset Management. He has been in the investment industry since 2000. Mr. DeBiase earned his bachelor of business science degree in accounting from Bentley College and his master of business administration degree from Boston College. He is also a CFA charterholder and a board member of the Hamilton Wenham Edfund, which provides grants to promote educational excellence within the Hamilton Wenham school district.

Julian Potenza


Start Date

Tenure

Tenure Rank

Dec 30, 2020

1.42

1.4%

Julian Potenza is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Prior to joining Fidelity in 2007, Mr. Potenza was a credit analyst at Investors Bank and Trust. He has been in the investment industry since 2003. Mr. Potenza earned his bachelor of science degree in finance and economics from the Carroll School of Management at Boston College. He is also a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.17 2.41