---
ticker: "FTBD"
name: "Fidelity Tactical Bond ETF"
url: "https://etf.net/etf/FTBD"
grade: "C"
score: 47
graded_at: "2026-10-12"
category: "Global Aggregate Bond (Unhedged)"
category_rank: "22 of 29"
methodology: "https://etf.net/methodology"
---

# FTBD: Fidelity Tactical Bond ETF

Grade **C**, Score 47 of 100. Rank 22 of 29 in Global Aggregate Bond (Unhedged).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 23 | 21 of 29 |
| Mission | 98 | 6 of 27 |
| Risk | 39 | 18 of 29 |
| Tradability | 39 | 21 of 29 |
| Holdings | 22 | 28 of 29 |
| Durability | 44 | 21 of 29 |

## Top holdings

The fund holds 757 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Ustn 4.375% 05/15/34 | 19.26% |
| 2 | — | Net Other Assets | 6.71% |
| 3 | — | Ustb 4.75% 05/15/55 | 5.98% |
| 4 | — | Cash Cf | 4.48% |
| 5 | — | Ustn 4.25% 08/15/35 | 4.44% |
| 6 | — | Ustn 3.75% 01/31/31 | 4.33% |
| 7 | — | Ustb 4.75% 02/15/56 | 3.22% |
| 8 | — | Ustb 3.625% 02/15/53 | 3.03% |
| 9 | — | Real Estate High Income | 1.94% |
| 10 | — | Ustb 4.25% 08/15/54 | 1.48% |
| 11 | — | Pemex 7.69% 01/23/50 | 1.34% |
| 12 | — | Ustb 4% 11/15/52 | 1.31% |
| 13 | — | Securities Lending Cf | 1.17% |
| 14 | — | Ustn 4.125% 02/15/36 | 1.13% |
| 15 | — | Ustn 4.5% 12/31/31 | 1.04% |
| 16 | — | Ustn 4% 01/31/33 | 1.00% |
| 17 | — | Bk Nova Scot Frn Perp | 0.93% |
| 18 | — | Dpl Inc 4.35% 04/15/29 | 0.92% |
| 19 | — | Ustb 4.125% 08/15/53 | 0.78% |
| 20 | — | Ustn 4% 02/15/34 | 0.68% |
| 21 | — | Enbridge Inc 5.75%/VAR 7/15/80 | 0.68% |
| 22 | — | Dominican Rep 4.875% 9/32 144A | 0.63% |
| 23 | — | Navtr 2025-1 A 0% 10/50 | 0.60% |
| 24 | — | Ggam 25-1A A 5.923% 9/60 | 0.57% |
| 25 | — | Tev Ph Fn Iv Bv 5.75% 12/01/30 | 0.53% |
| 26 | — | Toledo Hosp/The 5.325% 11/28 | 0.53% |
| 27 | — | Colombia Govt 6.125% 01/21/31 | 0.52% |
| 28 | — | Ustb 5.125% 08/15/56 | 0.50% |
| 29 | — | Nota Do Tesouro 10% 01/01/31 | 0.49% |
| 30 | — | Millicom Intl 4.5% 4/31 144A | 0.48% |

Source: etf.net, https://etf.net/etf/FTBD. Please cite the page URL.