Key stats
About Fidelity Limited Term Bond ETF
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Inception date
Oct 6, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Management & Research Co. LLC
Distributor
Fidelity Distributors Corp.
ISIN
US3161882002
FLTB offers access to the same active strategy and management team as a Fidelity mutual fund (FJRLX). As a separate portfolio though, there are expected comparisons and differences. FLTB invests primarily in investment-grade bonds from the broad market with a targeted average maturity of between two and five years. The fund aims to have similar interest rate risk to the Fidelity Limited Term Composite Index. Investments are made by analyzing credit quality, security-specific features, current and potential future valuation, and trading opportunities. As an actively managed fund, FLTB may make certain investment decisions at their own discretion, including investments in junk bonds and transactions that have a leveraging effect on the fund.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Government
Securitized
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FLTB assets under management is 269.03 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FLTB invests in bonds. See more details in our Analysis section.
FLTB expense ratio is 0.25%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FLTB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FLTB pays dividends to its holders with the dividend yield of 4.26%.
FLTB shares are issued by FMR LLC
FLTB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 6, 2014.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.