Fidelity ETFs
 
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Portfolio Composition:  FLDR

FIDELITY LOW DURATION BOND FACTOR ETF

50.765   -0.025 (-0.05%)

AS OF 4:10:00pm ET 08/16/2019 Quotes delayed at least 15 minutes.

ETP's Prospectus Stated Objectives

Seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Low Duration Investment Grade Factor Index℠. The fund normally invests at least 80% of assets in securities included in the Fidelity Low Duration Investment Grade Factor Index. The Index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. The Index is comprised of U.S. investment grade floating rate notes and U.S. Treasury notes.

Asset Classification Fixed Income
Geography Objective Global
Debt Type Objective Blend
Credit Grade Objective Investment Grade
Coupon Type Objective Blend
Maturity Objective Short Term
Investment Philosophy Enhanced Strategy

ETP Portfolio Characteristics

as of 08/16/2019

Independent third-party analytics of the daily basket holdings shown below can help you compare the ETP's Prospectus Stated Objectives to the characteristics of its underlying holdings. Their use of standardized calculations enable consistent comparison. It is important to note that they may not reflect ETF Managers' methodology to determine portfolio characteristics in buying and selling securities for the fund. Learn more about the ETF Managers' investment approach and performance in their Portfolio Characteristics Report.

Basket Holdings

Total: 294 (Long: 293 | Short: 0)
Holdings
 Top 10 21.81%
 Other 78.19%

Top 10

CASH Cash† 8.93%
NAB 3.033 05/22/20 FRN MTN NATIONAL AUSTRALIA BANK LTD 2.11%
USB 2.533 07/24/20 '20 FRN US BANK NA 2.11%
UST 2.625 02/15/29 UNITED STATES TREASURY 1.86%
T 3.253 07/15/21 FRN AT&T INC 1.27%
MS 2.731 02/10/21 '20 MTN MORGAN STANLEY 1.18%
MS 3.683 10/24/23 '22 MTN MORGAN STANLEY 1.12%
C 3.236 04/25/22 '22 FRN CITIGROUP INC 1.12%
UST 2.250 08/15/27 UNITED STATES TREASURY 1.06%
SYF 2.955 03/30/20 FRN SYNCHRONY BANK 1.05%
†Part or all of this cash position may represent cash-in-lieu of marketable securities and not actual cash.Click here for more information. View all Basket Holdings by Weight
Debt Type
Corporate 80.89%
Government 10.31%
Regional Exposure
North America 71.95%
Europe 16.46%
Asia 11.59%
Country Exposure
United States 66.66%
United Kingdom 6.43%
Australia 6.23%
Japan 5.37%
Canada 5.29%
Germany 3.26%
Switzerland 1.90%
France 1.49%
Netherlands 1.29%
Sweden 1.05%
Spain 0.64%
Denmark 0.20%
Ireland 0.12%
Belgium 0.08%

Credit Grade   More information

Credit Grade
Investment Grade 80.46%
AAA 10.33%
High Yield 0.29%
Maturity
Short Term 62.75%
Intermediate Term 28.33%

Currency Exposure More information

United States Dollar 100.00%

ETFs are subject to management fees as well as other expenses including brokerage commissions. Please contact your investment professional for more information on applicable brokerage fees. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and may only be redeemed directly with the fund by Authorized Participants in creation units.

* A hypothetical $10,000 investment made in the fund ten years ago, or on commencement of operations for funds lacking a ten-year track record. Figures include reinvestment of capital gains and dividends, but do not reflect the effect of any applicable sales charges or redemption fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance.

Average annual total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated. Since ETFs are bought and sold at prices set by the market - which can result in a premium or discount to NAV- the returns calculated using market price (market return) can differ from those calculated using NAV (NAV return).

Basket holdings, asset allocation, market sectors, industry exposure, and geographical diversification are as of the date indicated and may not be representative of the fund's current or future investments.

© 2014 Morningstar, Inc. All rights reserved. The Morningstar information contained herein (1) is proprietary to Morningstar or its affiliates; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, or, if available, a summary prospectus containing this information. Read it carefully.


 
 

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