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Fidelity Corporate Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The Fidelity Corporate Bond ETF is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. |
| Category | Corporate |
| Fund Sponsor | Fidelity |
| Website | screener.fidelity.com |
| Inception date | Oct 06, 2014 |
| Assets (mns) | $232 |
| Currency | USD |
| Expense ratio | 36 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 411 |
| No of distinct issuers | 220 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 23% /77% |
| Non-standard maturity (callable, etc.) | 81% |
| 0.0% /00/00 | 5.5 % |
| UNITED STATES TREASUR 2.5% 2/15/46 | 4.4 % |
| BANK OF AMERICA CORPO 2.8% 7/21/23 | 1.0 % |
| MICRON TECHNOLOGY, IN 4.6% 2/06/24 | 0.9 % |
| CLECO CORPORATE HOLDI 3.7% 5/01/26 | 0.8 % |
| PARK AEROSPACE HOLDIN 5.3% 8/15/22 | 0.8 % |
| DOLLAR TREE, INC. 4.0% 5/15/25 | 0.8 % |
| CONAGRA BRANDS, INC. 4.6% 11/01/25 | 0.7 % |
| ANHEUSER-BUSCH INBEV 4.9% 2/01/46 | 0.7 % |
| NEXTERA ENERGY CAPITA 3.3% 4/01/26 | 0.7 % |
| TOTAL | 16.4 % |
|---|
| U.S. TREASURY | 8.6% |
| BANK OF AMERICA CORPORATION | 2.5% |
| JPMORGAN CHASE & CO. | 1.8% |
| CREDIT SUISSE GROUP AG | 1.3% |
| HSBC HOLDINGS PLC | 1.3% |
 |
UNITED STATES | 74.0 % |
 |
UNITED KINGDOM | 4.3 % |
 |
CANADA | 4.1 % |
 |
FRANCE | 2.5 % |
 |
SWITZERLAND | 2.2 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 3.4% | 14.5% | 0.9% | -- | 2.7% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.24 | 95% |
| S&P500 | 0.45 | 63% |
| MSCI EAFE | 0.46 | 70% |
| MSCI Emg. Mkts. | 0.43 | 59% |
| Recent close | $46.90 |
| 30d moving avg. | $47.74 |
| Annualized volatility | 9.7% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 42 |
| Avg. volume (thou.) | 32 |
| Avg. daily value traded (mns) | $2 |
| Turnover | 0.6% |
| Bid/Ask (% of price) | 0.10 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FCOR | 7.7 yrs | Category Avg.* |
4.6 yrs |
| FCOR | 7.5% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 8.44% | -20.8% | $37.17 |
| +200 bp | 7.44% | -14.2% | $40.24 |
| +150 bp | 6.94% | -10.8% | $41.84 |
| +100 bp | 6.44% | -7.3% | $43.49 |
| +75 bp | 6.19% | -5.5% | $44.32 |
| +50 bp | 5.94% | -3.7% | $45.17 |
| +25 bp | 5.69% | -1.9% | $46.03 |
| 0 bp | 5.44% | 0% | $46.90 |
| -25 bp | 5.19% | 1.9% | $47.78 |
| -50 bp | 4.94% | 3.8% | $48.67 |
| -75 bp | 4.69% | 5.7% | $49.57 |
| -100 bp | 4.44% | 7.6% | $50.48 |
| -150 bp | 3.94% | 11.6% | $52.34 |
| -200 bp | 3.44% | 15.6% | $54.23 |
| -300 bp | 2.44% | 24.0% | $58.15 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
544 | bp |
| Less: Annual "default factor" |
26 | bp |
| Less: Expense ratio | 36 | bp |
| Equals: ALTAR Score | 4.82 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.0% |
| Municipals | 3.2% |
| *Note: The Fidelity Corporate Bond ETF is classified as a Corporate fund. | |