|
Fidelity Corporate Bond
|
|||||||||||||||||
- 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) | $136 |
| Currency | USD |
| Expense ratio | 36 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 346 |
| No of distinct issuers | 221 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 13% /87% |
| Non-standard maturity (callable, etc.) | 68% |
| 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 | 6.2% |
| MORGAN STANLEY | 1.7% |
| BANK OF AMERICA CORPORATION | 1.4% |
| OCCIDENTAL PETROLEUM CORPORATION | 1.3% |
| DOMINION ENERGY, INC. | 1.3% |
 |
United States | 75.7 % |
 |
CANADA | 3.4 % |
 |
UNITED KINGDOM | 2.8 % |
 |
IRELAND | 2.6 % |
 |
BRITAIN | 1.9 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 14.0% | 13.0% | -- | -- | 4.5% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.19 | 77% |
| S&P500 | 0.06 | 3% |
| MSCI EAFE | 0.13 | 10% |
| MSCI Emg. Mkts. | 0.10 | 10% |
| Recent close | $52.97 |
| 30d moving avg. | $52.93 |
| Annualized volatility | 4.5% |
| Short interest (ETF) | 0.0% |
| Relative strength (RSI) | 46 |
| Avg. volume (thou.) | 37 |
| Avg. daily value traded (mns) | $2 |
| Turnover | 1.4% |
| Bid/Ask (% of price) | 0.07 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FCOR | 7.8 yrs | Category Avg.* |
4.6 yrs |
| FCOR | 7.7% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 6.03% | -16.5% | $44.24 |
| +200 bp | 5.03% | -12.5% | $46.36 |
| +150 bp | 4.53% | -9.9% | $47.72 |
| +100 bp | 4.03% | -7.0% | $49.27 |
| +75 bp | 3.78% | -5.4% | $50.12 |
| +50 bp | 3.53% | -3.7% | $51.02 |
| +25 bp | 3.28% | -1.9% | $51.97 |
| 0 bp | 3.03% | 0% | $52.97 |
| -25 bp | 2.78% | 2.0% | $54.01 |
| -50 bp | 2.53% | 4.0% | $55.10 |
| -75 bp | 2.28% | 6.2% | $56.25 |
| -100 bp | 2.03% | 8.4% | $57.44 |
| -150 bp | 1.53% | 13.2% | $59.97 |
| -200 bp | 1.03% | 18.4% | $62.69 |
| -300 bp | 0.03% | 29.8% | $68.73 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
303 | bp |
| Less: Annual "default factor" |
26 | bp |
| Less: Expense ratio | 36 | bp |
| Equals: ALTAR Score | 2.41 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.3% |
| Emerging Market | 3.6% |
| Government | 1.7% |
| Inflation Protected | 1.8% |
| Mortgage | 2.8% |
| Municipals | 2.3% |
| *Note: The Fidelity Corporate Bond is classified as a Corporate fund. | |