Fidelity InvestmentsMultisector BondFTBD · NYSE Arca

Fidelity Tactical Bond ETF (FTBD)

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Price: $47.14; —12 Nov 2026
Assets: $38M; Total net assets
Expense ratio: 0.55%; Category 0.92%
Yield: 5.14%; Trailing distributions

1Y return: -1.2%-1.9%; Category 0.7%
3Y CAGR: 5.3%-0.5%; Category 5.8%
5Y CAGR: —; Category 1.5%

$47.14—12 Nov 2026

Fund

Assets: $38M
Expense: 0.55%
Categ. exp: 0.92%
Yield: 5.14%

ReturnFundCateg.

1Y-1.2%0.7%

3Y5.3%5.8%

5Y—1.5%

Launch3.3%—

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Fidelity Tactical Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+0.6%	-2.0%	-1.8%	-1.1%	-1.2%	+5.3%	—	—	+3.3%
Multisector Bond average	0.4%	-1.7%	-0.8%	-0.0%	0.7%	5.8%	1.5%	3.0%	2.6%
Difference	+0.2%	-0.3%	-1.0%	-1.1%	-1.9%	-0.5%	—	—	+0.8%

Holdings

Allocation as last published by the fund.

Sector allocation

Share of the equity the fund holds.

Energy100.0%

Asset mix

Bonds92.4%
Other6.3%
Convertibles1.2%
Preferred shares0.7%
Stocks0.0%

Credit quality

Share of the bonds by rating.

US government53.5%
AAA62.9%
AA0.9%
A5.1%
BBB13.2%
BB14.9%
B4.6%
Below B1.7%

ETF details

Issuer: Fidelity Investments
Category: Fixed Income · Multisector Bond
Ticker: FTBD
Exchange: NYSE Arca
Inception: 24 Jan 2023 (3.8 years)
Structure: Exchange Traded Fund
Expense ratio: 0.55% (category 0.92%)
Holdings turnover: 53% (category 148%)
Distribution yield: 5.14%
Beta, 3 years: 1.02
Total net assets: $38M
Average duration: 4.95 years
Average maturity: 9.20 years

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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