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Launched

Fidelity Short-Term Bond ETF

FSTBNasdaqF

$19.81+0.02 (+0.08%)

At close: Oct 13, 2026, 4:00 PM

F24/ 100

Rank 17 of 24 in Investment Grade Corporate (0-5 Year)

F24/100Rank 17 of 24inInvestment Grade Corporate (0-5 Year)
Intraday session: up, 49 prints from 19.79 to 19.81. Range 19.79 to 19.82. Use the arrow keys to read each point.19.7919.8019.8019.8219.8210 AM12 PM2 PM4 PM
Expense ratio
0.21%
Fund size
$233M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
494
Avg volume · 30D
0.3M sh
NAV per share
$19.77
52W range
low $19.73high $391.20
Launched

The ETF.net FSTB Grade

F

Score 24 out of 100

Category
Investment Grade Corporate (0-5 Year)⁠
Rank
17 of 24
Six-pillar profile for FSTB. Scores out of 100: Cost 22, Risk 29, Mission 20, Tradability 30, Holdings 21, Durability 41. Strongest: Durability (41). Weakest: Mission (20). Leans toward Durability.

Score 24 of 100 falls in the F 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.
    F22 out of 100
    Rank 19 of 24

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F20 out of 100
    Rank 15 of 15

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D29 out of 100
    Rank 24 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D30 out of 100
    Rank 17 of 24

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F21 out of 100
    Rank 24 of 24

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 15 of 24

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 Oct 13, 2026
Asset class
Bonds
Holdings
494
Top-10 weight
46%
Largest holding
Ustn 3.875% 05/15/2911.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 33.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Ustn 3.875% 05/15/2911.38%350,870,690$342M30
002—Ustn 4.25% 08/15/299.82%300,756,800$296M30
003—Ustn 3.5% 12/15/286.08%187,988,000$183M29
004—Ustn 3.5% 02/15/295.12%158,816,610$154M27
005—Ustn 3.375% 09/15/284.64%143,370,400$140M30
006—Ustn 4.625% 09/30/284.33%130,838,900$130M31
007—Cash Cf2.86%86,023,064$86M61
008—Ustn 4.75% 09/30/280.83%25,000,000$25M35
009—Boa Corp 4.271%/VAR 07/23/290.42%13,000,000$13M31
010—Citigroup 5.174%/VAR 02/13/300.37%11,350,000$11M29
011—Hsbc Hld PLC 4.711%/VAR 5/300.36%11,000,000$11M28
012—Cifc 25-2A A1R TSFR3M+97 04/350.36%10,700,000$11M5
013—Boa Corp 4.979%/VAR 01/24/290.34%10,400,000$10M27
014—Gsinc 5.727%/VAR 04/25/300.33%10,000,000$10M31
015—Flat 1AR AR3 TSFR3M+90 11/360.33%10,000,000$10M4

Showing 1–15 of 494 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$9,988
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FSTB $9,988. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for FSTB. Periods over one year show the average yearly return.
PeriodFSTB
Year to dateFund launched this year—
1 month0.0%
3 months−0.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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

Filtered to FSTB · Investment Grade Corporate (0-5 Year)

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
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.

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.

Other funds in Investment Grade Corporate (0-5 Year)

See others