Key stats
About Fidelity Tactical Bond ETF
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Inception date
Jan 26, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
ISIN
US3161888793
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Bonds, Cash & Other100.00%
Government50.02%
Corporate39.58%
Securitized3.52%
Cash3.06%
Loans1.44%
Municipal1.15%
Mutual fund0.92%
Miscellaneous0.30%
Stock breakdown by region
North America83.16%
Europe12.31%
Latin America3.00%
Asia1.29%
Oceania0.16%
Middle East0.07%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FTBD invests in bonds. The fund's major sectors are Government, with 50.02% stocks, and Corporate, with 39.58% of the basket. The assets are mostly located in the North America region.
FTBD top holdings are United States Treasury Notes 4.375% 15-MAY-2034 and United States Treasury Bond 3.625% 15-FEB-2053, occupying 30.16% and 4.32% of the portfolio correspondingly.
FTBD last dividends amounted to 0.21 USD. The month before, the issuer paid 0.22 USD in dividends, which shows a 6.70% decrease.
FTBD assets under management is 30.05 M USD. It's risen 10.47% over the last month.
FTBD fund flows account for 5.14 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FTBD pays dividends to its holders with the dividend yield of 4.66%. The last dividend (Sep 2, 2025) amounted to 0.21 USD. The dividends are paid monthly.
FTBD shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Jan 26, 2023, and its management style is Active.
FTBD expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
FTBD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FTBD invests in bonds.
FTBD price has risen by 1.44% over the last month, and its yearly performance shows a −0.88% decrease. See more dynamics on FTBD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 3.54% increase in three-month performance and has increased by 3.96% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 3.54% increase in three-month performance and has increased by 3.96% in a year.
FTBD trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.