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Critical Facts You Need to Know About Preferred Stocks
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Fidelity Investment Grade Bond ETF
Active ETF
FIGB
Payout Change
Pending
Price as of:
$42.4345
-0.09
-0.2%
primary theme
N/A
FIGB (ETF)
Fidelity Investment Grade Bond ETF
Payout Change
Pending
Price as of:
$42.4345
-0.09
-0.2%
primary theme
N/A
FIGB (ETF)
Fidelity Investment Grade Bond ETF
Payout Change
Pending
Price as of:
$42.4345
-0.09
-0.2%
primary theme
N/A
Name
As of 05/16/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-1.1%
1 yr return
2.3%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
N/A
Net Assets
$55.4 M
Holdings in Top 10
47.4%
52 WEEK LOW AND HIGH
$42.5
$40.09
$43.81
Expenses
OPERATING FEES
Expense Ratio 0.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/16/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
FIGB - Profile
Distributions
- YTD Total Return -1.1%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFidelity Investment Grade Bond ETF
-
Fund Family NameFidelity Group of Funds
-
Inception DateMar 04, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Plage
Fund Description
Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.Managing the fund to have similar overall interest rate risk to the Bloomberg U.S. Aggregate Bond Index.Allocating assets across different market sectors and maturities.Investing in domestic and foreign issuers.Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.Investing in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
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FIGB - Performance
Return Ranking - Trailing
| Period | FIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.1% | -50.1% | 6.9% | 95.52% |
| 1 Yr | 2.3% | -25.4% | 139.4% | 6.04% |
| 3 Yr | -2.5%* | -13.0% | 100.8% | N/A |
| 5 Yr | N/A* | -10.0% | 55.1% | N/A |
| 10 Yr | N/A* | -7.4% | 12.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | FIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.6% | -75.2% | 1360.6% | N/A |
| 2022 | -15.4% | -14.5% | 1027.9% | N/A |
| 2021 | N/A | -9.6% | 118.7% | N/A |
| 2020 | N/A | -11.4% | 5.8% | N/A |
| 2019 | N/A | -49.5% | 12.4% | N/A |
Total Return Ranking - Trailing
| Period | FIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -1.1% | -50.1% | 6.9% | 96.43% |
| 1 Yr | 2.3% | -25.4% | 139.4% | 6.04% |
| 3 Yr | -2.5%* | -13.0% | 100.8% | N/A |
| 5 Yr | N/A* | -10.0% | 55.1% | N/A |
| 10 Yr | N/A* | -7.4% | 13.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | FIGB Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.6% | -75.2% | 131.9% | N/A |
| 2022 | -13.4% | -14.5% | 1027.9% | N/A |
| 2021 | N/A | -9.6% | 118.7% | N/A |
| 2020 | N/A | -11.4% | 5.8% | N/A |
| 2019 | N/A | -7.0% | 12.4% | N/A |
FIGB - Holdings
Concentration Analysis
| FIGB | Category Low | Category High | FIGB % Rank | |
|---|---|---|---|---|
| Net Assets | 55.4 M | 1.19 M | 287 B | 99.17% |
| Number of Holdings | 277 | 1 | 17234 | 89.58% |
| Net Assets in Top 10 | 23.1 M | -106 M | 27.6 B | 95.56% |
| Weighting of Top 10 | 47.43% | 3.7% | 100.0% | 29.62% |
Top 10 Holdings
- Fidelity Cash Central Fund 13.49%
- UST NOTES 4.625% 09/30/2028 5.59%
- UST NOTES 3.5% 01/31/2030 5.20%
- UST NOTES 4.625% 09/30/2030 3.88%
- UNITED STATES TREASURY BOND 4.125% 08/15/2053 3.84%
- UST NOTES 3.75% 12/31/2030 3.78%
- UNITED STATES TREASURY BOND 3.625% 02/15/2053 3.61%
- UMBS 30YR 2% 03/01/2054 #TBA 2.82%
- UST NOTES 4.5% 11/15/2033 2.69%
- UMBS 30YR 2.5% 03/01/2054 #TBA 2.53%
Asset Allocation
| Weighting | Return Low | Return High | FIGB % Rank | |
|---|---|---|---|---|
| Bonds | 99.54% | 3.97% | 268.18% | 75.99% |
| Cash | 13.49% | -181.13% | 95.99% | 26.81% |
| Stocks | 0.00% | -0.98% | 24.74% | 31.59% |
| Preferred Stocks | 0.00% | 0.00% | 77.13% | 35.78% |
| Other | 0.00% | -13.23% | 23.06% | 11.50% |
| Convertible Bonds | 0.00% | 0.00% | 10.39% | 14.95% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FIGB % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 13.49% | 0.00% | 95.99% | 37.59% |
| Derivative | 0.00% | 0.00% | 25.16% | 36.23% |
| Securitized | 0.00% | 0.00% | 98.79% | 61.87% |
| Corporate | 0.00% | 0.00% | 100.00% | 30.53% |
| Municipal | 0.00% | 0.00% | 100.00% | 74.09% |
| Government | 0.00% | 0.00% | 86.23% | 32.43% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FIGB % Rank | |
|---|---|---|---|---|
| US | 99.54% | 3.63% | 210.09% | 67.48% |
| Non US | 0.00% | -6.54% | 58.09% | 51.09% |
FIGB - Expenses
Operational Fees
| FIGB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.36% | 0.01% | 2.93% | 81.19% |
| Management Fee | 0.36% | 0.00% | 1.76% | 47.50% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| FIGB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FIGB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FIGB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 493.39% | N/A |
FIGB - Distributions
Dividend Yield Analysis
| FIGB | Category Low | Category High | FIGB % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.35% | 0.00% | 12.67% | 70.62% |
Dividend Distribution Analysis
| FIGB | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| FIGB | Category Low | Category High | FIGB % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.28% | 8.97% | 82.51% |
Capital Gain Distribution Analysis
| FIGB | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 26, 2024 | $0.154 | OrdinaryDividend |
| Mar 26, 2024 | $0.138 | OrdinaryDividend |
| Feb 27, 2024 | $0.157 | OrdinaryDividend |
| Jan 29, 2024 | $0.151 | OrdinaryDividend |
| Dec 27, 2023 | $0.154 | OrdinaryDividend |
| Nov 28, 2023 | $0.147 | OrdinaryDividend |
| Oct 27, 2023 | $0.153 | OrdinaryDividend |
| Sep 27, 2023 | $0.137 | OrdinaryDividend |
| Aug 29, 2023 | $0.142 | OrdinaryDividend |
| Jul 27, 2023 | $0.114 | OrdinaryDividend |
| Jun 28, 2023 | $0.142 | OrdinaryDividend |
| May 26, 2023 | $0.144 | OrdinaryDividend |
| Apr 26, 2023 | $0.147 | OrdinaryDividend |
| Mar 29, 2023 | $0.115 | OrdinaryDividend |
| Feb 24, 2023 | $0.126 | OrdinaryDividend |
| Jan 27, 2023 | $0.128 | OrdinaryDividend |
| Dec 28, 2022 | $0.112 | OrdinaryDividend |
| Nov 28, 2022 | $0.117 | OrdinaryDividend |
| Oct 27, 2022 | $0.108 | OrdinaryDividend |
| Sep 28, 2022 | $0.093 | OrdinaryDividend |
| Aug 29, 2022 | $0.093 | OrdinaryDividend |
| Jul 27, 2022 | $0.086 | OrdinaryDividend |
| Jun 28, 2022 | $0.079 | OrdinaryDividend |
| May 26, 2022 | $0.075 | OrdinaryDividend |
| Apr 27, 2022 | $0.072 | OrdinaryDividend |
| Mar 29, 2022 | $0.073 | OrdinaryDividend |
| Feb 24, 2022 | $0.066 | OrdinaryDividend |
| Jan 27, 2022 | $0.062 | OrdinaryDividend |
| Dec 29, 2021 | $0.060 | OrdinaryDividend |
| Nov 26, 2021 | $0.061 | OrdinaryDividend |
| Oct 27, 2021 | $0.058 | OrdinaryDividend |
| Sep 28, 2021 | $0.056 | OrdinaryDividend |
| Aug 27, 2021 | $0.056 | OrdinaryDividend |
| Jul 28, 2021 | $0.055 | OrdinaryDividend |
| Jun 28, 2021 | $0.055 | OrdinaryDividend |
| May 26, 2021 | $0.054 | OrdinaryDividend |
| Apr 28, 2021 | $0.056 | OrdinaryDividend |
| Mar 29, 2021 | $0.041 | OrdinaryDividend |
FIGB - Fund Manager Analysis
Managers
Michael Plage
Start Date
Tenure
Tenure Rank
Mar 02, 2021
1.25
1.3%
Since joining Fidelity Investments in 2005, Mr. Plage has worked as a trader and portfolio manager. Michael Plage is a portfolio manager in the Fixed Income division at FMRCo. In this role, Mr. Plage manages institutional and retail Fixed Income portfolios within Core, Core Plus, and Tactical Bond strategies. Mr. Plage joined Fidelity in 2005, and has been in the investments industry since 1997. Mr. Plage earned his bachelor of science degree from the University of South Carolina and his master of business administration degree from the University of Connecticut. He is also a Chartered Financ
Jeffrey Moore
Start Date
Tenure
Tenure Rank
Mar 02, 2021
1.25
1.3%
Jeffrey Moore is a portfolio manager at FMRCo. In this role he manages portfolios across retail and institutional assets, including Fidelity and Fidelity Advisor funds. Mr. Moore was previously a fixed income analyst assigned to several sectors, including sovereign debt, energy, REITs, and Yankee banks. Mr. Moore joined Fidelity in 1995 and has been in the investments industry since 1990. Mr. Moore earned his bachelor of arts degree in economics from the University of Western Ontario and his master’s degree in economics from the University of Waterloo. He is a CFA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 33.43 | 6.76 | 1.16 |
