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Fidelity Corporate Bond
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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) | $143 |
| Currency | USD |
| Expense ratio | 36 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 354 |
| No of distinct issuers | 226 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 12% /88% |
| Non-standard maturity (callable, etc.) | 71% |
| 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 | 4.9% |
| MORGAN STANLEY | 1.7% |
| CITIGROUP INC. | 1.4% |
| BANK OF AMERICA CORPORATION | 1.3% |
| FORD MOTOR CREDIT COMPANY LLC | 1.2% |
 |
United States | 77.0 % |
 |
CANADA | 3.3 % |
 |
UNITED KINGDOM | 2.7 % |
 |
IRELAND | 2.5 % |
 |
BRITAIN | 2.0 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 14.9% | 14.9% | 4.5% | -- | 4.4% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.13 | 72% |
| S&P500 | 0.07 | 5% |
| MSCI EAFE | 0.08 | 6% |
| MSCI Emg. Mkts. | 0.06 | 5% |
| Recent close | $53.59 |
| 30d moving avg. | $53.19 |
| Annualized volatility | 3.9% |
| Short interest (ETF) | 0.2% |
| Relative strength (RSI) | 58 |
| Avg. volume (thou.) | 23 |
| Avg. daily value traded (mns) | $1 |
| Turnover | 0.9% |
| Bid/Ask (% of price) | 0.08 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FCOR | 7.8 yrs | Category Avg.* |
4.8 yrs |
| FCOR | 7.6% | Category Avg.* |
4.7% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 5.86% | -16.3% | $44.87 |
| +200 bp | 4.86% | -12.3% | $46.99 |
| +150 bp | 4.36% | -9.8% | $48.34 |
| +100 bp | 3.86% | -6.9% | $49.89 |
| +75 bp | 3.61% | -5.3% | $50.75 |
| +50 bp | 3.36% | -3.6% | $51.64 |
| +25 bp | 3.11% | -1.9% | $52.59 |
| 0 bp | 2.86% | 0% | $53.59 |
| -25 bp | 2.61% | 2.0% | $54.64 |
| -50 bp | 2.36% | 4.0% | $55.74 |
| -75 bp | 2.11% | 6.1% | $56.89 |
| -100 bp | 1.86% | 8.4% | $58.08 |
| -150 bp | 1.36% | 13.1% | $60.62 |
| -200 bp | 0.86% | 18.2% | $63.36 |
| -300 bp | -0.14% | 29.6% | $69.44 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
286 | bp |
| Less: Annual "default factor" |
27 | bp |
| Less: Expense ratio | 36 | bp |
| Equals: ALTAR Score | 2.23 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.1% |
| Emerging Market | 3.4% |
| Government | 1.8% |
| Inflation Protected | 1.7% |
| Mortgage | 2.7% |
| Municipals | 2.2% |
| *Note: The Fidelity Corporate Bond is classified as a Corporate fund. | |