Filings Digest
11 Strive funds will move to NYSE Arca on Dec. 15
Fidelity Tactical Bond ETF
$47.55+0.07 (+0.15%)
- 0.55%
- $37M
- −0.2%
- 5.14%
- 3.83K sh
- low $46.58high $50.45
The ETF.net FTBD Grade
C
Score 46 out of 100
- 22 of 29
Score 46 of 100 falls in the C 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.F18 out of 100Rank 23 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 8 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 15 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 21 of 29Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.F22 out of 100Rank 28 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 20 of 29
Our read on FTBD
In short
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.
Stated mandate
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
Worth knowing
FTBD Performance
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.
FTBD$9,983
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.
| Period | FTBD |
|---|---|
| Year to date | −0.4% |
| 1 month | +2.0% |
| 3 months | −0.6% |
| 1 year | −0.2% |
| 3 years | +6.3% |
| 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 | −0.4% | |
| 2025 | +8.3% | |
| 2024 | +1.8% | |
| 2023 | +3.7% |
FTBD in the news
FTBD Dividends
- 5.14%
- $2.44
- $0.20 per share
- Monthly
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.
- 0.31
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.
FMP measures it over up to five years of monthly returns.
FTBD Cost
Overpaying vs BNDW, cheapest in Global Aggregate Bond (Unhedged)
$9,844
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FTBD 0.55%
$10,904
BNDW 0.05% Cheapest
$1,060
Cost over time
Year by year
| Year | FTBD | BNDW | Overpaying |
|---|---|---|---|
| 10 | $988 | $92 | $896 |
| 20 | $3,790 | $360 | $3,430 |
| 30 | $10,904 | $1,060 | $9,844 |
Other funds in Global Aggregate Bond (Unhedged)
- CSIOTouchstone Strategic Income ETFExpense ratio 0.50%1 year return +1.1%
- CSCMCSterling Capital Multi-Strategy Income ETFExpense ratio 0.55%1 year return
- CJFLXJPMorgan Flexible Debt ETFExpense ratio 0.64%1 year return +2.1%
- CSTXTStrive Total Return Bond ETFExpense ratio 0.49%1 year return −0.4%
- CFISRState Street Fixed Income Sector Rotation ETFExpense ratio 0.50%1 year return −0.4%
