Fidelity Low Duration Bond Factor ETF
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.
The ETF.net FLDR Grade
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Under classification review
This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.
Our read on FLDR
Most ultra-short bond funds are parking lots for cash. FLDR is the rules-based one: a Fidelity index of roughly 250 investment-grade bonds built to keep interest-rate sensitivity low, priced under the typical ultra-short fund.
The fund seeks to track, before fees and expenses, the performance of the Fidelity Low Duration Investment Grade Factor Index.
Why people hold it
- Charges 0.15% a year, below the 0.20% median for ultra-short bond funds and level with top-ranked peers SHV, PULS and DUSB.
- Rules first, hunches never. It passively tracks the published Fidelity Low Duration Investment Grade Factor Index, so the recipe is written down.
- Pays monthly and spreads the work across about 250 investment-grade holdings, so no single issuer carries the portfolio.
- Live since 2018 and now a multi-billion-dollar fund, it stands among the stronger implementations in its ultra-short bond peer group.
Worth knowing
- Low duration is not zero duration. The mandate keeps rate sensitivity short, but the share price still moves. This is a bond ETF, not a money market fund.
- The index is investment-grade credit, not pure government paper like SHV's Treasury sleeve, so credit conditions feed into the price.
- Moderately traded rather than a volume monster, so spreads can run wider than the largest cash-parking ETFs.
FLDR Holdings
- Bonds
- 376
- 11%
- Ustn 4% 11/15/35
Geography
- United States100.00%
FLDR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FLDR$10,326
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 | FLDR |
|---|---|
| Year to date | +2.3% |
| 1 month | +0.2% |
| 3 months | +0.4% |
| 1 year | +3.3% |
| 3 years | +5.2% |
| 5 years | +3.8% |
| 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 | FLDR |
|---|---|---|
| 2026 YTD | +2.3% | |
| 2025 | +5.4% | |
| 2024 | +5.7% | |
| 2023 | +6.3% | |
| 2022 | −0.3% | |
| 2021 | −0.2% | |
| 2020 | +2.0% |
FLDR in the news
FLDR Dividends
- 4.15%
- $2.07
- $0.17 per share
- Monthly
Distribution history
FLDR Risk
- 1.0%
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.
- 0.57
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.
- −2.2%
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.
- 0.14
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLDR Cost
0.15%
FLDR0.15%
- The middle half of Investment Grade Corporate (0-5 Year) funds
- Median 0.15%
8 of the 23 Investment Grade Corporate (0-5 Year) funds charge less.
Other funds in Investment Grade Corporate (0-5 Year)
- AIGSBiShares 1-5 Year Investment Grade Corporate Bond ETFExpense ratio 0.04%1 year return +1.4%
- AVCSHVanguard Short-Term Corporate Bond ETFExpense ratio 0.03%1 year return +1.4%
- ASCHJSchwab 1-5 Year Corporate Bond ETFExpense ratio 0.03%1 year return +1.4%
- ASPSBState Street SPDR Portfolio Short Term Corporate Bond ETFExpense ratio 0.04%1 year return +2.3%
- BLDRCiShares iBonds 1-5 Year Corporate Ladder ETFExpense ratio 0.10%1 year return +1.5%