Fidelity Low Duration Bond ETF
$50.26−0.03 (−0.06%)
- Expense ratio
- 0.20%
- Fund size
- $418M
- 1Y return
- +3.6%
- Yield · Last 12 months
- 4.33%
- Holdings
- 335
- Volume · 30D
- 0M sh
- NAV per share
- $50.22
- 52W range
The ETF.net FLDB Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 41Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 11Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 55Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 53Category rank
Our read on FLDB
CFidelity's 2024-vintage cash-adjacent bond fund: roughly 300 short-maturity holdings measured against 6-to-9-month T-bills, with income paid monthly. A diversified credit mix where many category rivals hold Treasuries and little else.
FLDB uses a diversified, low-duration bond strategy to pursue substantial current income while seeking to preserve capital.
Why people hold it
- Spreads risk across roughly 300 short-maturity bonds rather than one Treasury sleeve, with the Bloomberg U.S. Treasury Bill: 6-9 Months Index as its yardstick.institutional.fidelity.com
- Pays monthly, matching a mandate written around substantial current income while seeking to preserve capital.institutional.fidelity.com
- Stays inside its stated low-duration remit instead of stretching maturities for extra yield, and has pulled in hundreds of millions since its 2024 debut.
Worth knowing
- The 0.20% fee sits at the category median, and cheaper shelf-mates undercut it: VUSB at 0.10%, SHV, PULS and Fidelity's own FLDR at 0.15%.
- Thinly traded next to the ultrashort category's household names, which can mean wider bid-ask spreads on the way in and out.
- Launched February 2024, so its record is short and has not yet spanned a full rate cycle.
FLDB Holdings
- Bonds
- 335
- 35%
- USTN 4.125% 01/31/27
Geography
- United States79.40%
- Canada7.18%
- United Kingdom6.07%
- Netherlands1.71%
- Japan1.48%
- Ireland0.92%
- Denmark0.76%
- France0.71%
- 1.77%
FLDB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | FLDB |
|---|---|
| Year to date | +2.4% |
| 1 month | +0.1% |
| 3 months | +0.9% |
| 1 year | +3.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
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 | FLDB |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +4.9% | |
| 2024 | +4.8% |
FLDB in the news
ETF.net Research hasn’t filed on FLDB yet — coverage lands here as it’s written.
FLDB Dividends
- 4.33%
- $2.18
- $0.17 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Sep 1, 2026 | $0.17 |
| Jul 30, 2026 | Aug 3, 2026 | $0.17 |
| Jun 29, 2026 | Jul 1, 2026 | $0.17 |
| May 28, 2026 | Jun 1, 2026 | $0.16 |
| Apr 29, 2026 | May 1, 2026 | $0.17 |
| Mar 30, 2026 | Apr 1, 2026 | $0.17 |
| Feb 26, 2026 | Mar 2, 2026 | $0.16 |
| Jan 29, 2026 | Feb 2, 2026 | $0.15 |
| Dec 30, 2025 | Jan 2, 2026 | $0.25 |
| Dec 5, 2025 | Dec 9, 2025 | $0.10 |
| Nov 26, 2025 | Dec 1, 2025 | $0.17 |
| Oct 30, 2025 | Nov 3, 2025 | $0.18 |
FLDB Risk
- 0.4%
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.
- 0.88
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.
- −0.4%
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.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLDB Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
40 of the 77 Cash & Ultra-Short Income funds charge less.