Key stats
About Fidelity Merrimack Street Trust Fidelity Sustainable Core Plus Bond ETF
Expense ratio
0.36%
Home page
Inception date
Apr 19, 2022
FSBD is a core bond fund that utilizes a combination of traditional credit analysis and ESG screening. The fund actively selects global fixed income securities of varying maturities and credit qualities, with up to 20% of its net assets allocated to high-yield bonds. Using a data-driven framework, each eligible bonds ESG trait is assessed based on three main factors: 1) the sustainability practices of the securitys issuer, 2) ESG factors related to the securitys underlying pool of assets, and 3) any third-party designation as a green, sustainable or sustainability-linked bond. An exclusionary screen is also applied to remove issuers engaged in controversial industries. In addition, the issuers alignment with the United Nations Sustainable Development Goals is also considered. Constituents are further screened based on credit quality, currency, economic risks, security-specific features, current and potential future valuation, as well as trading opportunities.
Classification
What's in the fund
Exposure type
Corporate
Securitized
Government
Mutual fund
Stocks0.09%
Finance0.03%
Electronic Technology0.01%
Utilities0.01%
Health Services0.01%
Producer Manufacturing0.01%
Bonds, Cash & Other99.91%
Corporate45.54%
Securitized30.80%
Government25.18%
Mutual fund12.69%
Loans0.34%
Futures−0.05%
Miscellaneous−4.42%
Cash−10.17%