Fidelity Limited Term Bond ETF
$49.28−0.24 (−0.49%)
- Expense ratio
- 0.25%
- Fund size
- $453M
- 1Y return
- +1.8%
- Yield · Last 12 months
- 4.43%
- Volume · 30D
- 0.1M sh
- NAV per share
- $49.45
- 52W range
The ETF.net FLTB Grade
Score 46 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.FScore 15Category 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 44Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 27Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 32Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on FLTB
CFidelity's short-bond ETF skips the index rulebook: a manager team picks 1-5 year corporate credit, using Fidelity's own blended yardstick as a guide rather than a cage. One of the original active bond ETFs, running since 2014.
The fund is a shorter-duration, investment-grade bond strategy focused primarily on U.S. corporate credit.
Why people hold it
- Actively run since its 2014 launch, with Fidelity's blended 1-5 year credit, government and high-yield composite used as a guide for allocation, not a set of tracking handcuffs.institutional.fidelity.com
- The mandate reaches past plain investment grade: the guiding blend carries a slice of short-dated BB-B high yield alongside 1-5 year corporate and government debt.institutional.fidelity.com
- Short maturities mean smaller price swings when rates move than longer-dated bond funds carry, and income is paid out monthly.
- Spreads its credit risk across roughly 500 positions, so no single issuer carries the portfolio.
Worth knowing
- It charges 0.25% a year, above the cohort median, while index rivals like IGSB, SPIB and VCIT run a few basis points. Active management is what the extra buys.
- Moderately traded and mid-sized rather than a volume giant, so bid-ask spreads can run wider than at the largest corporate bond ETFs.
- The latitude to hold high yield and non-index sectors adds credit risk you would not get from a pure investment-grade tracker.institutional.fidelity.cominstitutional.fidelity.com
FLTB Holdings
- Bonds
- —
- 15%
- USTN 3.625% 08/31/29
Sectors
- Technology83.3%
- Energy16.7%
Geography
- United States78.42%
- United Kingdom6.08%
- Canada3.94%
- Ireland2.35%
- France2.06%
- Japan2.05%
- Mexico1.13%
- Netherlands1.09%
- 2.88%
FLTB 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 | FLTB |
|---|---|
| Year to date | +0.6% |
| 1 month | −0.7% |
| 3 months | −0.2% |
| 1 year | +1.8% |
| 3 years | +5.4% |
| 5 years | +2.2% |
| 10 years | +2.4% |
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 | FLTB |
|---|---|---|
| 2026 YTD | +0.6% | |
| 2025 | +6.6% | |
| 2024 | +5.1% | |
| 2023 | +5.9% | |
| 2022 | −5.9% | |
| 2021 | −1.2% | |
| 2020 | +5.6% |
FLTB in the news
ETF.net Research hasn’t filed on FLTB yet — coverage lands here as it’s written.
FLTB Dividends
- 4.43%
- $2.19
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Sep 1, 2026 | $0.18 |
| Jul 30, 2026 | Aug 3, 2026 | $0.20 |
| Jun 29, 2026 | Jul 1, 2026 | $0.19 |
| May 28, 2026 | Jun 1, 2026 | $0.18 |
| Apr 29, 2026 | May 1, 2026 | $0.19 |
| Mar 30, 2026 | Apr 1, 2026 | $0.19 |
| Feb 26, 2026 | Mar 2, 2026 | $0.17 |
| Jan 29, 2026 | Feb 2, 2026 | $0.18 |
| Dec 30, 2025 | Jan 2, 2026 | $0.19 |
| Nov 26, 2025 | Dec 1, 2025 | $0.17 |
| Oct 30, 2025 | Nov 3, 2025 | $0.18 |
| Sep 29, 2025 | Oct 1, 2025 | $0.18 |
FLTB Risk
- 2.3%
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.
- 0.38
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.
- −9.1%
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.
- 0.38
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FLTB Cost
- The middle half of Investment Grade Corporate (0-5 Year) funds
- Median 0.15%
18 of the 23 Investment Grade Corporate (0-5 Year) funds charge less.