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Fidelity® Limited Term Bond ETF

etf
FLTB
Dividend policy
Decrease
Price as of:
$52.7 +0.01 +0%
primary theme
U.S. Short-Term Bond Duration
FLTB (ETF)

Fidelity® Limited Term Bond ETF

Dividend policy
Decrease
Price as of:
$52.7 +0.01 +0%
primary theme
U.S. Short-Term Bond Duration
FLTB (ETF)
Fidelity® Limited Term Bond ETF
Dividend policy
Decrease
Price as of:
$52.7 +0.01 +0%
primary theme
U.S. Short-Term Bond Duration

FLTB - Snapshot

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 3.0%
  • Net Assets $196 M
  • Holdings in Top 10 23.1%

52 WEEK LOW AND HIGH

$52.69
$47.78
$52.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.36%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 102.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme U.S. Short-Term Bond Duration
  • Fund Type Exchange Traded Fund
  • Investment Style Short-Term Bond

Compare FLTB to Popular U.S. Short-Term Bond Duration Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$11.00

0.00%

$67.93 B

2.36%

$0.26

blocked
blocked
blocked

2.52%

-

$10.86

0.00%

$59.81 B

-

$0.02

blocked
blocked
blocked

2.74%

-

$4.20

+0.24%

$55.37 B

2.99%

$0.13

blocked
blocked
blocked

-0.24%

-

$27.66

+0.04%

$40.61 B

2.43%

$0.67

blocked
blocked
blocked

2.56%

-

$14.23

+0.07%

$28.28 B

1.31%

$0.19

blocked
blocked
blocked

5.80%

-

Compare FLTB to Popular U.S. Short-Term Bond Duration ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$82.89

+0.04%

$59.81 B

1.90%

$1.57

blocked
blocked
blocked

2.83%

-

$83.09

+0.04%

$40.61 B

2.42%

$2.01

blocked
blocked
blocked

2.54%

-

$55.09

+0.05%

$20.45 B

2.49%

$1.37

blocked
blocked
blocked

2.72%

-

$31.40

+0.10%

$7.03 B

2.12%

$0.67

blocked
blocked
blocked

1.82%

-

$51.55

+0.08%

$6.39 B

2.31%

$1.19

blocked
blocked
blocked

-0.48%

-

FLTB - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.02%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity® Limited Term Bond ETF
  • Fund Family Name
    Fidelity Investments
  • Inception Date
    Oct 06, 2014
  • Shares Outstanding
    3750000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Prothro

Fund Description

The fund normally invests 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. It is managed to have similar overall interest rate risk to the Fidelity Limited Term Composite Index?. Normally, the fund maintains a dollar-weighted average maturity between two and five years.


FLTB - Performance

Return Ranking - Trailing

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -8.4% 206.6% 11.53%
1 Yr 4.6% -5.2% 7.1% 14.77%
3 Yr 3.7%* -0.7% 4.6% 8.01%
5 Yr 3.0%* -0.8% 5.0% 13.58%
10 Yr N/A* 0.2% 4.2% N/A

* Annualized

Return Ranking - Calendar

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -2.4% 5.0% 14.80%
2018 -1.4% -50.6% 1.0% 57.25%
2017 0.3% -1.6% 2.8% 21.56%
2016 0.5% -65.8% 7.1% 32.14%
2015 -0.8% -75.0% 3.0% 28.33%

Total Return Ranking - Trailing

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -8.4% 206.6% 11.53%
1 Yr 4.6% -6.8% 7.1% 12.05%
3 Yr 3.7%* -0.7% 4.6% 7.29%
5 Yr 3.0%* -0.8% 5.0% 12.43%
10 Yr N/A* 0.2% 4.2% N/A

* Annualized

Total Return Ranking - Calendar

Period FLTB Return Category Return Low Category Return High Rank in Category (%)
2019 3.1% -2.3% 7.2% 15.51%
2018 -1.4% -4.2% 6.5% 64.02%
2017 0.3% -1.6% 5.9% 34.88%
2016 0.5% -65.2% 10.7% 43.75%
2015 -0.8% -7.0% 3.5% 38.10%

FLTB - Holdings

Concentration Analysis

FLTB Category Low Category High FLTB % Rank
Net Assets 196 M 4.48 M 67.9 B 74.12%
Number of Holdings 424 3 4826 50.17%
Net Assets in Top 10 45.8 M -168 M 7.13 B 70.81%
Weighting of Top 10 23.11% 2.4% 100.0% 53.73%

Top 10 Holdings

  1. United States Treasury Notes 0.12% 5.18%
  2. United States Treasury Notes 0.38% 3.86%
  3. United States Treasury Notes 0.25% 3.02%
  4. United States Treasury Notes 2.38% 2.62%
  5. Fidelity Revere Str Tr 2.61%
  6. United States Treasury Notes 0.5% 1.64%
  7. United States Treasury Notes 0.5% 1.31%
  8. United States Treasury Notes 0.62% 1.23%
  9. United States Treasury Notes 2.75% 1.14%
  10. United States Treasury Notes 2.12% 1.09%

Asset Allocation

Weighting Return Low Return High FLTB % Rank
Bonds
92.38% 0.00% 177.64% 56.04%
Convertible Bonds
4.15% 0.00% 32.87% 13.26%
Cash
3.47% -80.64% 100.00% 63.93%
Stocks
0.00% 0.00% 6.71% 95.81%
Preferred Stocks
0.00% 0.00% 51.61% 95.64%
Other
0.00% -2.01% 20.06% 91.95%

Bond Sector Breakdown

Weighting Return Low Return High FLTB % Rank
Corporate
64.24% 0.00% 100.00% 13.26%
Government
20.48% 0.00% 78.98% 41.44%
Securitized
11.42% 0.00% 92.39% 81.88%
Cash & Equivalents
3.47% 0.00% 100.00% 70.47%
Municipal
0.39% 0.00% 17.16% 23.32%
Derivative
0.00% 0.00% 27.60% 94.97%

Bond Geographic Breakdown

Weighting Return Low Return High FLTB % Rank
US
80.07% 0.00% 144.19% 54.03%
Non US
12.31% -22.36% 78.41% 49.16%

FLTB - Expenses

Operational Fees

FLTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.01% 34.57% 87.69%
Management Fee 0.36% 0.00% 1.19% 57.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

FLTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

FLTB 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.

FLTB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.00% 0.00% 496.37% 68.25%

FLTB - Distributions

Dividend Yield Analysis

FLTB Category Low Category High FLTB % Rank
Dividend Yield 1.64% 0.00% 3.55% 4.17%

Dividend Distribution Analysis

FLTB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLTB Category Low Category High FLTB % Rank
Net Income Ratio 2.02% -9.96% 4.42% 67.52%

Capital Gain Distribution Analysis

FLTB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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FLTB - Fund Manager Analysis

Managers

David Prothro


Start Date

Tenure

Tenure Rank

Oct 06, 2014

6.07

6.1%

David Prothro is a portfolio manager in the Fixed Income division at Fidelity Investments. In this role, Mr. Prothro co-manages Fidelity and Advisor Corporate Bond Fund, Fidelity and Advisor Limited Term Bond Fund, Fidelity Corporate Bond ETF, Fidelity Limited Term Bond ETF, and various institutional portfolios for U.S. and non-U.S. investors. Mr. Prothro earned his bachelor of science degree in economics from Wake Forest University and his master of business administration degree in finance from the University of Texas at Austin. He is also a CFA® charterholder.

Robert Galusza


Start Date

Tenure

Tenure Rank

Oct 06, 2014

6.07

6.1%

Rob Galusza is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Before joining Fidelity in 1987, Mr. Galusza was an international underwriter at Chubb and Son Inc. In this capacity, he performed risk analysis on international corporations. He has been in the insurance and investments industries since 1985. Mr. Galusza earned his bachelor of science degree in finance, with concentrations in investments and marketing, from Babson College and his master of science in finance degree from Boston College’s Carroll School of Management.

David DeBiase


Start Date

Tenure

Tenure Rank

Nov 30, 2018

1.92

1.9%

Dave DeBiase is a portfolio manager in the Fixed Income division at Fidelity Management & Research Company (FMR Co.), the investment advisor for Fidelity’s family of mutual funds. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and other financial products and services to more than 20 million individuals, institutions and financial intermediaries. Since joining Fidelity Investments in 2006, Mr. DeBiase has worked as a trader and portfolio manager. Before joining Fidelity in 2006, he worked as a senior structured products analyst at Standish Mellon Asset Management. He has been in the investment industry since 2000. Mr. DeBiase earned his bachelor of business science degree in accounting from Bentley College and his master of business administration degree from Boston College. He is also a CFA charterholder and a board member of the Hamilton Wenham Edfund, which provides grants to promote educational excellence within the Hamilton Wenham school district.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.75 5.89 0.83

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