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Snapshot:  FLDR

FIDELITY LOW DURATION BOND FACTOR ETF

51.075   -0.015 (-0.0294%)

AS OF 4:10:00pm ET 08/13/2020 Quotes delayed at least 15 minutes.
Bid 51.06
Bid Size 0
Ask 51.09
Ask Size 0
Open 51.105
High 51.11
Low 51.06
Previous Close 51.075
Price Performance (Last 52 Wk)
as of 08/13/2020
+0.68%
Median Bid/Ask Spread (30 Day)
as of 08/12/2020
0.08%
Premium / Discount (Previous Day)
as of 08/12/2020
0.23%
Premium / Discount (1 Month Rolling Average)
as of 08/12/2020
0.19%
Volume
Volume (90-Day Average)
Tracking Error 1.35
Detailed Quote

ETP Type

ETF

Asset Class

Fixed Income

Geography Objective

Global

Debt Type Objective

Blend

Credit Grade Objective

Investment Grade

Maturity Objective

Short Term

Coupon Type
Objective

Blend

Net Assets
AS OF 08/12/2020

$188.6M

Net Expense Ratio

0.15%

Sponsor

Fidelity Management & Research

Inception Date

06/12/2018

Investment Philosophy

Enhanced Strategy

Benchmark Index

Fidelity Low Duration Investment Grade Factor Index

Index Composition

Custom-Weighted

Legal Structure

Open-End Investment Company

Objective

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.

Learn More

Commentary

There is currently no commentary available for this symbol.

Analyst Ratings

LAST CHANGE
Firm Name As of Date Action Rating Report
FactSet 08/12/2020 -- Not Rated FactSet PDF Report
XTF Inc. 06/30/2020 Downgrade 1.90000 out of 10 XTF Inc. PDF Report

Key Statistics

Duration (Yrs)
AS OF 08/12/2020
0.88
Weighted Average Duration (Yrs)
AS OF 08/12/2020
0.86
Weighted Average Maturity (Yrs)
AS OF 08/11/2020
1.83
Weighted Average Coupon
AS OF 08/12/2020
--
30-day SEC Yield
AS OF 08/11/2020
0.70%
Distribution Yield (TTM)
AS OF 07/31/2020
2.03%
See all Key Stats

Compare

FLDR
FIDELITY LOW DURATION BOND FACTOR ETF
Asset Class Median
Volume (10-Day Avg)
AS OF 08/12/2020
32.3K 31.5M
1 Week Market Total Return
AS OF 08/12/2020
-0.07% -0.10%
1 Month Market Total Return
AS OF 08/12/2020
+0.33% +1.06%
1 Year Market Total Return
AS OF 08/12/2020
+2.79% +4.39%
3 Year Annualized Market Total Return
AS OF 08/12/2020
-- +3.67%
Beta (1 Year Month-End)
AS OF 07/31/2020
0.62% 0.59
Annual Turnover Ratio
AS OF 08/31/2019
14.00% 32.00%
Net Expense Ratio
AS OF 12/30/2019
0.15% 0.25%

Performance

Growth of Hypothetical $10,000 * AS OF 07/31/2020

Cumulative Total Returns AS OF 08/12/2020
NAV Return Market Return Fidelity Low Duration Investment Grade Factor Index
AS OF 08/12/2020
YTD +1.71% +1.85% +1.96%
4 Weeks +0.25% +0.33% +0.27%
13 Weeks +1.64% +1.73% +1.62%
26 Weeks +1.02% +1.15% +1.27%
Quarter-End Average Annual Total Returns AS OF 06/30/2020
NAV Return Market Return
1 Year +2.82% +2.92%
3 Year -- --
5 Year -- --
10 Year -- --
Life +3.25% +3.33%
Life as of NAV inception date: 06/12/2018   Life market returns are as of the first day the ETF traded on an exchange, which may occur a few days after the NAV inception date. Market returns are based on the closing price on the listed exchange at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Gross Expense Ratio: 0.15%

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Total Basket Holdings AS OF 08/12/2020

297 (Long: 296 | Short: 0)
View All
Top 10 (20.55% of total holdings)
CASH Cash† 8.99%
UST 2.625 02/15/29 UNITED STATES TREASURY 1.62%
NAB 0.959 11/04/21 FRN MTN NATIONAL AUSTRALIA BANK LTD 1.47%
MS 1.452 01/20/22 '21 MTN MORGAN STANLEY 1.42%
UST 2.875 05/15/28 UNITED STATES TREASURY 1.35%
T 1.498 06/12/24 FRN AT&T INC 1.20%
LLOY 1.106 06/21/21 FRN LLOYDS BANKING GROUP PLC 1.17%
HSBA 0.968 09/11/21 '20 FRN HSBC HOLDINGS PLC 1.13%
UST 2.375 05/15/29 UNITED STATES TREASURY 1.13%
UST 2.250 08/15/27 UNITED STATES TREASURY 1.07%
†Part or all of this cash position may represent cash-in-lieu of marketable securities and not actual cash.Click here for more information.

Credit Grade / Maturity   More information  AS OF 08/12/2020

Independent third parties provide portfolio composition analytics to standardize calculations for consistent comparison. However, these calculations and the resulting credit quality analytics may differ from the ETF managers' methodology, which you can learn about in the Prospectus & Reports.

AAA 9.95% Short Term 68.05%
Investment Grade 79.49% Intermediate Term 22.96%
High Yield 1.57% Long Term --
More about Portfolio Composition

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.

Important Additional Risk Information: Fidelity Active Equity ETFs
These ETFs are different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. These ETFs will not. This may create additional risks for your investment. For example, you may have to pay more money to trade the shares of these ETFs. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information; the price you pay to buy ETF shares on an exchange may not match the value of each ETF's portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because they provide less information to traders; these additional risks may be even greater in bad or uncertain market conditions; each ETF will publish on Fidelity.com and i.Fidelity.com a "Tracking Basket" designed to help trading in shares of the ETF. While the Tracking Basket includes some of the ETF's holdings, it is not the ETF's actual portfolio. The differences between these ETFs and other ETFs may also have some advantages. By keeping certain information about the ETFs secret, they may face less risk that other traders can predict or copy their investment strategy. This may improve the ETFs' performance. However, if the investment strategy can be predicted or copied, this may hurt the ETFs' performance. For additional information regarding the unique attributes and risks of these ETFs, see section below.

The objective of the actively managed ETF Tracking Basket is to construct a portfolio of stocks and representative index ETFs that tracks the daily performance of an actively managed ETF without exposing current holdings, trading activities, or internal equity research. The Tracking Basket is designed to conceal any nonpublic information about the underlying portfolio and only uses the Fund's latest publicly disclosed holdings, representative ETFs, and the publicly known daily performance in its construction. You can gain access to the Tracking Basket and the Tracking Basket Weight overlap on Fidelity.com or i.Fidelity.com.

Although the Tracking Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund; ETFs trading on the basis of a published Tracking Basket may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade, and although the Fund seeks to benefit from keeping its portfolio information secret, market participants may attempt to use the Tracking Basket to identify a Fund?s trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders.

Because shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares.

* 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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