Fidelity Tactical Bond ETF
$47.50−0.51 (−1.05%)
- Expense ratio
- 0.55%
- Fund size
- $39M
- 1Y return
- +0.7%
- Yield · Last 12 months
- 5.08%
- Volume · 30D
- 0M sh
- NAV per share
- $47.98
- 52W range
The ETF.net FTBD Grade
Score 47 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 21Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 95Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 38Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.FScore 22Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 44Category rank
Our read on FTBD
CFidelity's go-anywhere bond sleeve: measured against the Bloomberg U.S. Aggregate, but the managers can roam into foreign and emerging-market debt and shift along the yield curve. Active bets, index yardstick, monthly income.
The fund seeks a high level of current income and may also pursue capital growth. It normally invests at least 80% of assets in debt securities and repurchase agreements across the debt market, using active asset allocation, sector and security selection, yield-curve positioning, and opportunistic trading.
Why people hold it
- Go-anywhere by design: at least 80% in debt securities, with managers setting sector, security and yield-curve positioning across US, international and emerging-market bonds.
- Current income is the stated first goal, and the fund's own income policy sets a monthly distribution cadence.
- Diversified rather than concentrated: a few hundred positions across sectors and regions, and the portfolio has matched the roaming mandate its prospectus describes.
- Standard 1940 Act fund wrapper, so it reports on a 1099 with no K-1 paperwork.
Worth knowing
- 0.55% a year, against 0.03% at plain index trackers like BND, SPAB and AGG. That gap is the bar the manager's calls get measured against.
- Fidelity's own broad active bond ETF, FBND, works off the same benchmark for 0.36%.
- Launched in 2023 and still a small, thinly traded fund, so spreads tend to be wider than at the mega core bond ETFs.
FTBD Holdings
- Bonds
- —
- 54%
- USTN 4.375% 05/15/34
Sectors
- Energy57.1%
- Technology42.9%
Geography
- United States96.80%
- Brazil1.03%
- Germany0.64%
- Canada0.43%
- Switzerland0.30%
- France0.29%
- United Kingdom0.26%
- Australia0.13%
- 0.12%
FTBD 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 | FTBD |
|---|---|
| Year to date | −0.0% |
| 1 month | −0.6% |
| 3 months | −1.3% |
| 1 year | +0.7% |
| 3 years | +5.5% |
| 5 years | — |
| 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 | FTBD |
|---|---|---|
| 2026 YTD | −0.0% | |
| 2025 | +8.3% | |
| 2024 | +1.8% | |
| 2023 | +3.7% |
FTBD in the news
ETF.net Research hasn’t filed on FTBD yet — coverage lands here as it’s written.
FTBD Dividends
- 5.08%
- $2.44
- $0.19 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 29, 2026 | Pays Oct 1, 2026 | $0.20 |
| Aug 28, 2026 | Sep 1, 2026 | $0.19 |
| Jul 30, 2026 | Aug 3, 2026 | $0.20 |
| Jun 29, 2026 | Jul 1, 2026 | $0.20 |
| May 28, 2026 | Jun 1, 2026 | $0.19 |
| Apr 29, 2026 | May 1, 2026 | $0.20 |
| Mar 30, 2026 | Apr 1, 2026 | $0.20 |
| Feb 26, 2026 | Mar 2, 2026 | $0.16 |
| Jan 29, 2026 | Feb 2, 2026 | $0.15 |
| Dec 30, 2025 | Jan 2, 2026 | $0.41 |
| Nov 26, 2025 | Dec 1, 2025 | $0.15 |
| Oct 30, 2025 | Nov 3, 2025 | $0.20 |
FTBD Risk
- 5.9%
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.
- 0.09
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.
- −7.0%
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.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FTBD Cost
- The middle half of Global Aggregate Bond (Unhedged) funds
- Median 0.41%
19 of the 27 Global Aggregate Bond (Unhedged) funds charge less.