Skip to content
etf.net

FSTB

GradeFNASDAQ Global Market

Fidelity Short-Term Bond ETF

Corporate Bond · Fidelity · Inception 2026-06-16

$19.76−0.07 (−0.35%)

As of Sep 23, 2026, 2:02 PM EDT

History starts Jun 16, 2026.History starts Jun 16, 2026.History starts Jun 16, 2026.
Intraday session: down, 19 prints from 19.83 to 19.76. Range 19.76 to 19.82. Use the arrow keys to read each point.$19.78$19.80$19.8210 AM12 PM2 PM4 PM
Expense ratio
0.21%
Fund size
$179M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0.3M sh
NAV per share
$19.81
52W range
low $19.81high $20.14

The ETF.net FSTB Grade

F

22/ 100

Rank 24 of 24 in Investment Grade Corporate (0-5 Year)⁠

Confidence High

Six-pillar profile for FSTB. Scores out of 100: Cost 22, Risk 18, Mission 20, Tradability 29, Holdings 21, Durability 41. Strongest: Durability (41). Weakest: Risk (18). Leans toward Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 22 of 100 sits in the F 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 22
    Category rank19/24 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 20
    Category rank22/22 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 18
    Category rank24/24 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 29
    Category rank16/24 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 21
    Category rank24/24 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank15/24 · mid-pack

Graded as of Sep 22, 2026

Our read on FSTB

ETF.net Research

FNew 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

  1. 01Not 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.institutional.fidelity.comsec.gov
  2. 02Broad 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.institutional.fidelity.com
  3. 03Short-maturity by design, which mechanically dampens price swings from rate moves compared with longer-dated bond funds.institutional.fidelity.com

Worth knowing

  1. 01At 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.
  2. 02Our 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.
  3. 03The 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

As of Sep 21, 2026, 3:29 PM
Asset class
Bonds
Holdings
—
Top-10 weight
45%
Largest holding
USTN 3.875% 05/15/2911.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 33.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—USTN 3.875% 05/15/2911.79%350,870,690$343M25
002—USTN 3.375% 09/15/286.33%188,901,900$184M28
003—USTN 3.5% 12/15/286.29%187,988,000$183M31
004—USTN 3.5% 02/15/295.30%158,816,610$154M29
005—USTN 4.25% 08/15/295.01%147,907,500$146M28
006—USTN 4.625% 09/30/284.49%130,838,900$130M32
007—USTN 3.625% 08/15/283.02%89,570,400$88M30
008—CASH CF1.65%48,074,664$48M60
009—BOA CORP 4.271%/VAR 07/23/290.44%13,000,000$13M33
010—HSBC HLD PLC 4.711%/VAR 5/300.37%11,000,000$11M30
011—CIFC 25-2A A1R TSFR3M+97 04/350.37%10,700,000$11M4
012—JPMC CO 4.851%/VAR 07/25/280.36%10,500,000$10M9
013—BOA CORP 4.979%/VAR 01/24/290.36%10,400,000$10M29
014—FLAT 1AR AR3 TSFR3M+90 11/360.34%10,000,000$10M4
015—FLAT 25-1A A1R TSFR3M+108 7/360.34%9,930,000$10M8

Showing 1–15 of 495 holdings

FSTB Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FSTB$10,004
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. FSTB $10,004. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for FSTB. Periods over one year show the average yearly return.
PeriodFSTB
Year to dateFund launched this year—
1 month−0.7%
3 months+0.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−0.1%

Since listing, Jun 16, 2026

FSTB in the news

ETF.net Research hasn’t filed on FSTB yet — coverage lands here as it’s written.

FSTB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.07 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. 3 payments in 2026 YTD. Jul 1, 2026 $0.03; Aug 3, 2026 $0.07; Sep 1, 2026 $0.07. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.

FSTB Cost

Expense ratio0.21%
  • The middle half of Investment Grade Corporate (0-5 Year) funds
  • Median 0.15%

17 of the 23 Investment Grade Corporate (0-5 Year) funds charge less.

FSTB costs $21.00 a year on $10,000. The median Investment Grade Corporate (0-5 Year) fund costs $15.00.