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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) | $117 |
| Currency | USD |
| Expense ratio | 36 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 319 |
| No of distinct issuers | 206 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 14% /86% |
| Non-standard maturity (callable, etc.) | 66% |
| 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 | 5.0% |
| MORGAN STANLEY | 2.1% |
| BANK OF AMERICA CORPORATION | 1.6% |
| DOMINION ENERGY, INC. | 1.5% |
| HALFMOON PARENT, INC. | 1.4% |
 |
United States | 73.6 % |
 |
CANADA | 3.7 % |
 |
IRELAND | 3.1 % |
 |
UNITED KINGDOM | 2.4 % |
 |
BRITAIN | 2.2 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 11.1% | 10.6% | -- | -- | 4.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.19 | 73% |
| S&P500 | 0.08 | 5% |
| MSCI EAFE | 0.16 | 18% |
| MSCI Emg. Mkts. | 0.13 | 20% |
| Recent close | $53.09 |
| 30d moving avg. | $52.22 |
| Annualized volatility | 4.2% |
| Short interest (ETF) | 0.3% |
| Relative strength (RSI) | 67 |
| Avg. volume (thou.) | 28 |
| Avg. daily value traded (mns) | $1 |
| Turnover | 1.3% |
| Bid/Ask (% of price) | 0.06 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FCOR | 8.0 yrs | Category Avg.* |
4.7 yrs |
| FCOR | 7.9% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 6.08% | -16.8% | $44.17 |
| +200 bp | 5.08% | -12.7% | $46.34 |
| +150 bp | 4.58% | -10.1% | $47.73 |
| +100 bp | 4.08% | -7.1% | $49.32 |
| +75 bp | 3.83% | -5.5% | $50.18 |
| +50 bp | 3.58% | -3.7% | $51.10 |
| +25 bp | 3.33% | -1.9% | $52.07 |
| 0 bp | 3.08% | 0% | $53.09 |
| -25 bp | 2.83% | 2.0% | $54.16 |
| -50 bp | 2.58% | 4.1% | $55.28 |
| -75 bp | 2.33% | 6.3% | $56.45 |
| -100 bp | 2.08% | 8.6% | $57.66 |
| -150 bp | 1.58% | 13.5% | $60.25 |
| -200 bp | 1.08% | 18.7% | $63.04 |
| -300 bp | 0.08% | 30.4% | $69.21 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
308 | bp |
| Less: Annual "default factor" |
28 | bp |
| Less: Expense ratio | 36 | bp |
| Equals: ALTAR Score | 2.44 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.3% |
| Emerging Market | 3.6% |
| Government | 1.6% |
| Inflation Protected | 1.7% |
| Mortgage | 2.8% |
| Municipals | 2.2% |
| *Note: The Fidelity Corporate Bond is classified as a Corporate fund. | |