FTBD

Fidelity Tactical Bond ETF

$49.80

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Fidelity Tactical Bond ETF seeks to provide a high level of current income consistent with preservation of capital.

Overview

ETF tracking Fidelity Tactical Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2023-01-26

Market Cap $29.9M

Average Volume N/A

Dividend Yield 3.88%

52-Week Range $47.61 - $50.55

VWAP $49.84

Performance

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Investment Summary

📎 Investment Objective

The Fidelity Tactical Bond ETF seeks to provide a high level of current income consistent with preservation of capital.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of fixed-income securities, including U.S. government securities, corporate bonds, mortgage-backed securities, and other debt instruments. The fund's portfolio managers use active management strategies to adjust the fund's duration, sector, and security selection in response to changing market conditions.

✨ Key Features

Actively managed fixed income ETF that aims to provide current income while preserving capital
Invests in a diversified portfolio of government, corporate, and mortgage-backed securities
Portfolio managers use tactical strategies to adapt to changing market conditions
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The fund's value may decline when interest rates rise
Credit risk: The fund is exposed to the risk of issuers defaulting on their debt obligations
Liquidity risk: Some fixed income securities may be difficult to sell, especially during times of market stress
Active management risk: The fund's performance depends on the skill of the portfolio managers in selecting securities and adjusting the portfolio

👤 Best For

The Fidelity Tactical Bond ETF may be suitable for investors seeking current income and capital preservation from a diversified fixed income portfolio. It may be appropriate as a core fixed income holding or as a complement to a broader investment portfolio.