Fidelity Tactical Bond ETF
$47.04+0.07 (+0.15%)
- 0.55%
- $37M
- −1.0%
- 5.19%
- 0M sh
- $46.99
- low $46.58high $50.56
The ETF.net FTBD Grade
C
Score 47 out of 100
- 22 of 29
Score 47 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.F23 out of 100Rank 21 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.A98 out of 100Rank 6 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 18 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 21 of 29
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
- 757
- 55%
- Ustn 4.375% 05/15/34
Sectors
- Communication57.1%
- Energy42.9%
Geography
- United States96.64%
- Brazil1.17%
- Germany0.64%
- Canada0.43%
- Switzerland0.31%
- France0.30%
- 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.
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FTBD$9,896
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.
| Period | FTBD |
|---|---|
| Year to date | −1.8% |
| 1 month | −1.2% |
| 3 months | −2.9% |
| 1 year | −1.0% |
| 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 | −1.8% | |
| 2025 | +8.3% | |
| 2024 | +1.8% | |
| 2023 | +3.7% |
FTBD in the news
FTBD Dividends
- 5.19%
- $2.44
- $0.18 per share
- Monthly
Distribution history
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.
- 0.10
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
0.55%
FTBD0.55%
- The middle half of Global Aggregate Bond (Unhedged) funds
- Median 0.45%
19 of the 28 Global Aggregate Bond (Unhedged) funds charge less.
Other funds in Global Aggregate Bond (Unhedged)
- CJFLXJPMorgan Flexible Debt ETFExpense ratio 0.64%1 year return +2.2%
- CSCMCSterling Capital Multi-Strategy Income ETFExpense ratio 0.55%1 year return —
- CFISRState Street Fixed Income Sector Rotation ETFExpense ratio 0.50%1 year return −2.4%
- CSTXTStrive Total Return Bond ETFExpense ratio 0.49%1 year return −2.2%
- CKDRNKingsbarn Tactical Bond ETFExpense ratio 0.57%1 year return −0.9%