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Fidelity Short-Term Bond ETF

FSTBNasdaqFidelityThis 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.

$19.84−0.01 (−0.03%)

At close: Nov 2, 2026, 4:00 PM ET

Under classification review
Intraday session: down, 79 prints from 19.85 to 19.84. Range 19.83 to 19.85. Use the arrow keys to read each point.19.8319.8419.8410 AM12 PM2 PM4 PM
Expense ratio
0.20%*
Fund size
$233M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
484
Avg volume · 30D
288K sh
52W range
low $19.73high $391.20
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 0.21%.

The ETF.net FSTB Grade

—

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 FSTB

ETF.net Research

In short

New wrapper, seasoned engine: FSTB is the exchange-traded share class of Fidelity's long-running Short-Term Bond Fund, holding mostly investment-grade debt of all types. That discretion costs more than the index crowd charges.

Stated mandate

The fund seeks high current income while preserving capital. It normally invests at least 80% of assets in investment-grade debt securities and related repurchase agreements.

Why people hold it

  • Not a fresh start in disguise: the ETF is a share class of Fidelity's existing Short-Term Bond Fund, so it plugs into a portfolio and team that predate the 2026 listing.fidelity.comsec.gov
  • Broad mandate: normally 80%+ in investment-grade debt of all types plus repurchase agreements, seeking income while preserving capital, rather than tracking one corporate-bond index.fidelity.com
  • Short-maturity by design, which mechanically dampens price swings from rate moves compared with longer-dated bond funds.fidelity.com

Worth knowing

  • At 0.21% a year it costs more than the short-corporate index heavyweights (VCSH and SCHJ at 0.03%, IGSB and SPSB at 0.04%) and more than the peer-group median.
  • Our review puts it in the bottom quartile of a crowded short-term investment-grade field, mostly on cost and how it measures up against cheap index trackers.
  • The ETF class listed in 2026, so its on-exchange history is short, trading is only moderate, and income arrives quarterly rather than monthly.

FSTB Holdings

Asset class
Bonds
Holdings
484
Top-10 weight
49%
Largest holding
Ustn 3.875% 05/15/2911.3%

Geography

  • United States83.89%
  • Cayman Islands4.94%
  • United Kingdom3.21%
  • Canada2.32%
  • Japan1.18%
  • France1.09%
  • Ireland1.07%
  • Netherlands0.99%
  • Other countries (5)1.31%
The fund’s holdings, weight-ordered — page 1 of 33.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUstn 3.875% 05/15/2911.29%351,430,690$344M32
2No dataUstn 4.25% 08/15/299.74%300,756,800$297M30
3No dataUstn 3.5% 12/15/286.02%187,988,000$184M31
4No dataUstn 4.625% 09/30/285.27%160,838,900$161M34
5No dataUstn 3.5% 02/15/295.10%159,636,610$156M29
6No dataUstn 3.375% 09/15/284.59%143,370,400$140M29
7No dataUstn 4.75% 09/30/284.10%125,000,000$125M45
8No dataCash Cf1.60%48,772,016$48.8M59
9No dataNet Other Assets0.44%0$13.6M158
10No dataBoa Corp 4.271%/VAR 07/23/290.42%13,000,000$12.8M33
11No dataCitigroup 5.174%/VAR 02/13/300.37%11,350,000$11.3M31
12No dataHsbc Hld PLC 4.711%/VAR 5/300.35%11,000,000$10.8M30
13No dataCifc 25-2A A1R TSFR3M+97 04/350.35%10,700,000$10.7M5
14No dataBoa Corp 4.979%/VAR 01/24/290.34%10,400,000$10.4M29
15No dataGsinc 5.727%/VAR 04/25/300.33%10,000,000$10.1M30

Showing 1–15 of 484 holdings

FSTB Performance

Launched Jun 16, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FSTB$10,041
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. FSTB $10,041. SPY $10,141. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for FSTB. Periods over one year show the average yearly return.
PeriodFSTB
Year to dateFund launched this yearNo data
1 month+0.9%
3 months+0.4%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FSTB
YearReturn barFSTB
2026 YTD+0.7%

Since listing, Jun 16, 2026

FSTB in the news

FSTB Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. Jul 1, 2026 $0.03; Aug 3, 2026 $0.07; Sep 1, 2026 $0.07; Oct 1, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.07
Oct 1, 2026Oct 5, 2026$0.06
Sep 1, 2026Sep 3, 2026$0.07
Aug 3, 2026Aug 5, 2026$0.07
Jul 1, 2026Jul 6, 2026$0.03

FSTB Risk

How much the fund’s monthly returns vary, scaled to a year.
Launched Jun 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Jun 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Jun 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FSTB Cost

Compare FSTB and VCSH

Overpaying vs VCSH, tied cheapest in Investment Grade Corporate (0-5 Year)

$3,517

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FSTB 0.20%

    $4,155

  • VCSH 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • FSTB 0.20%
  • VCSH 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530FSTB $4,155VCSH $638

Year by year

YearFSTBVCSHOverpaying
10$365$55$310
20$1,421$216$1,205
30$4,155$638$3,517
How the 0.20% is worked out

Full fee 0.21%− waiver 0.01%= you pay 0.20%

The waiver ends Dec 31, 2027. After that the fee is 0.21% unless Fidelity renews it. Source: prospectus, Oct 2026.

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