Fidelity Low Duration Bond ETF
$50.30+0.04 (+0.09%)
- 0.20%
- $428M
- +3.6%
- 4.32%
- 0M sh
- $50.17
- low $50.06high $50.93
The ETF.net FLDB Grade
B
Score 55 out of 100
- 53 of 78
Score 55 of 100 falls in the B 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.C42 out of 100Rank 39 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 42 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F14 out of 100Rank 72 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B55 out of 100Rank 41 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 44 of 78
Our read on FLDB
BFidelity'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
- 402
- 34%
- Ustn 4.125% 01/31/27
Geography
- United States81.00%
- Canada7.13%
- United Kingdom5.60%
- Japan1.38%
- Netherlands1.13%
- Denmark0.75%
- France0.70%
- Switzerland0.67%
- 1.64%
FLDB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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FLDB$10,355
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 | FLDB |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.3% |
| 3 months | +0.8% |
| 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 | +2.7% | |
| 2025 | +4.9% | |
| 2024 | +4.8% |
FLDB in the news
FLDB Dividends
- 4.32%
- $2.17
- $0.16 per share
- Monthly
Distribution history
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.
- 0.56
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
0.20%
FLDB0.20%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
41 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- BOPERClearShares Ultra-Short Maturity ETFExpense ratio 0.20%1 year return +3.8%
- BYEARAlliance Bernstein - AB Ultra Short Income ETFExpense ratio 0.25%1 year return +2.9%
- BMMKTTexas Capital Government Money Market ETFExpense ratio 0.20%1 year return +3.5%
- CTLDRThe Laddered T-Bill ETFExpense ratio 0.20%1 year return —
- CVUSIVoya Ultra Short Income ETFExpense ratio 0.25%1 year return —