Fidelity Total Bond ETF
$43.52+0.05 (+0.13%)
- 0.36%
- $27.9B
- −1.9%
- 4.86%
- 3.5M sh
- $43.44
- low $43.11high $46.86
The ETF.net FBND Grade
A
Score 74 out of 100
- 4 of 29
Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B66 out of 100Rank 10 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D38 out of 100Rank 19 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A86 out of 100Rank 2 of 29Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 12 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A89 out of 100Rank 1 of 29
Our read on FBND
AAn active core bond fund in an ETF wrapper: Fidelity treats the Bloomberg U.S. Aggregate as a benchmark, not a cage, adding high-yield and emerging-market debt to the investment-grade base. Pays monthly.
The fund seeks a high level of current income. It normally invests at least 80% of assets in debt securities and repurchase agreements, diversifying across investment-grade, high-yield, and emerging-market debt.
Why people hold it
- Active where the core-bond aisle is mostly passive: the mandate spans investment-grade, high-yield and emerging-market debt, so the manager can go where the index barely reaches.institutional.fidelity.com
- Roughly 2,700 bonds across the credit spectrum, with income paid monthly. One ticket instead of three separate sleeves.
- Trading since 2014 at 0.36%, the median fee for its category. Fidelity isn't charging a premium for the active label.
- A multi-billion-dollar fund that trades actively, so getting in or out is rarely the hard part.
Worth knowing
- The index Aggs are far cheaper: BND, AGG and SPAB all run 0.03%. That gap is the hurdle the active calls have to clear every year.
- High-yield and emerging-market debt add credit risk that a pure Aggregate tracker does not carry.institutional.fidelity.com
- Outcomes ride on the manager's decisions, not index replication. The Aggregate is the yardstick here, not the holdings list.
FBND Holdings
- Stocks
- 4,844
- 17%
- Cash Cf
Sectors
- Industrials68.8%
- Utilities30.7%
- Energy0.5%
Geography
- United States90.34%
- Mexico1.43%
- United Kingdom1.32%
- Canada0.76%
- Ireland0.72%
- France0.56%
- Japan0.48%
- Luxembourg0.43%
- 3.97%
FBND Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FBND$9,808
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FBND |
|---|---|
| Year to date | −2.4% |
| 1 month | −1.4% |
| 3 months | −2.8% |
| 1 year | −1.9% |
| 3 years | +4.9% |
| 5 years | +0.1% |
| 10 years | +2.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FBND |
|---|---|---|
| 2026 YTD | −2.4% | |
| 2025 | +7.6% | |
| 2024 | +2.1% | |
| 2023 | +6.8% | |
| 2022 | −12.5% | |
| 2021 | −0.4% | |
| 2020 | +9.4% |
FBND in the news
FBND Dividends
- 4.86%
- $2.11
- $0.17 per share
- Monthly
Distribution history
FBND Risk
- 5.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.02
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −16.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FBND Cost
0.36%
FBND0.36%
- The middle half of Global Aggregate Bond (Unhedged) funds
- Median 0.45%
10 of the 28 Global Aggregate Bond (Unhedged) funds charge less.
Other funds in Global Aggregate Bond (Unhedged)
- ABNDWVanguard Total World Bond ETFExpense ratio 0.05%1 year return −1.4%
- ADFGXDimensional - International Core Fixed Income ETFExpense ratio 0.21%1 year return −0.8%
- ADFSBDimensional - Global Sustainability Fixed Income ETFExpense ratio 0.24%1 year return −0.6%
- AEVTREaton Vance Total Return Bond ETFExpense ratio 0.32%1 year return −1.6%
- BFLXRTCW Flexible Income ETFExpense ratio 0.40%1 year return +1.2%