|
Fidelity Corporate Bond ETF
|
|||||||||||||||||
- 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) | $251 |
| 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% // | 2.3 % |
| 0.0% // | 1.8 % |
| 0.0% // | 1.4 % |
| 0.0% // | 1.4 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.0 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.8 % |
| TOTAL | 12.7 % |
|---|
| 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. |
| 5.5% | 1.6% | 0.1% | 3.2% | 2.8% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.07 | 81% |
| S&P500 | 0.38 | 45% |
| MSCI EAFE | 0.39 | 57% |
| MSCI Emg. Mkts. | 0.33 | 46% |
| Recent close | $48.57 |
| 30d moving avg. | $48.12 |
| Annualized volatility | 7.7% |
| Short interest (ETF) | 0.2% |
| Relative strength (RSI) | 65 |
| Avg. volume (thou.) | 30 |
| Avg. daily value traded (mns) | $1 |
| Turnover | 0.6% |
| Bid/Ask (% of price) | 0.23 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FCOR | 7.7 yrs | Category Avg.* |
4.7 yrs |
| FCOR | 7.5% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 7.98% | -20.8% | $38.49 |
| +200 bp | 6.98% | -14.2% | $41.68 |
| +150 bp | 6.48% | -10.8% | $43.33 |
| +100 bp | 5.98% | -7.3% | $45.04 |
| +75 bp | 5.73% | -5.5% | $45.90 |
| +50 bp | 5.48% | -3.7% | $46.78 |
| +25 bp | 5.23% | -1.9% | $47.67 |
| 0 bp | 4.98% | 0% | $48.57 |
| -25 bp | 4.73% | 1.9% | $49.48 |
| -50 bp | 4.48% | 3.8% | $50.40 |
| -75 bp | 4.23% | 5.7% | $51.34 |
| -100 bp | 3.98% | 7.6% | $52.28 |
| -150 bp | 3.48% | 11.6% | $54.20 |
| -200 bp | 2.98% | 15.6% | $56.16 |
| -300 bp | 1.98% | 24.0% | $60.22 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
498 | bp |
| Less: Annual "default factor" |
26 | bp |
| Less: Expense ratio | 36 | bp |
| Equals: ALTAR Score | 4.36 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.3% |
| Government | 6.8% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.1% |
| *Note: The Fidelity Corporate Bond ETF is classified as a Corporate fund. | |