Fidelity® Corporate Bond ETF (FCOR)

Overview

The Fidelityu00ae Corporate Bond ETF (FCOR) seeks to provide investment returns that correspond to the performance of the ICE BofA US Corporate Index, which tracks the performance of U.S. dollar-denominated investment-grade corporate bonds. It offers exposure to a broad range of corporate bonds, making it a diversified fixed income option.

Reputation and Reliability

Fidelity is a well-established and reputable financial services company with a long history of managing investment products.

Management Expertise

Fidelity has a large and experienced team of fixed income portfolio managers and analysts.

Goal

Seeks investment returns that correspond to the performance of the ICE BofA US Corporate Index.

Investment Approach and Strategy

Strategy: FCOR aims to track the ICE BofA US Corporate Index.

Composition The ETF primarily holds U.S. dollar-denominated investment-grade corporate bonds.

Market Share: FCOR's market share varies depending on the specific segment of the corporate bond ETF market being considered.

Total Net Assets (AUM): 99320000

Key Competitors

• iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD)
• Vanguard Total Corporate Bond ETF (VTC)
• SPDR Portfolio Corporate Bond ETF (SPBO)

Competitive Landscape

The corporate bond ETF market is highly competitive with several large players. FCOR benefits from Fidelity's brand recognition and investment expertise. However, LQD and VTC have significantly larger AUM and trading volumes, offering potentially tighter bid-ask spreads. SPBO has low fees like FCOR but has very little liquidity.

Historical Performance: Historical performance can be obtained from financial data providers but will vary based on the period analyzed.

Benchmark Comparison: The ETF's performance should closely track the ICE BofA US Corporate Index.

Expense Ratio: 0.04

Average Trading Volume

FCOR's average daily trading volume provides sufficient liquidity for most investors.

Bid-Ask Spread

The bid-ask spread of FCOR is typically low, reflecting its relative liquidity.

Market Environment Factors

Interest rate changes, credit spreads, and overall economic conditions affect FCOR.

Growth Trajectory

Growth depends on investor demand for corporate bond exposure and FCOR's ability to attract assets.

Competitive Edge

FCOR benefits from Fidelity's established brand, extensive research capabilities, and low expense ratio. It offers investors a cost-effective way to access the broad U.S. corporate bond market. However, its AUM is smaller than its main competitors and liquidity could be better. The ETF's low expense ratio and the backing of Fidelity may provide an edge over smaller, less-known ETFs.

Volatility

Volatility is moderate and correlated with interest rate sensitivity and credit spread movements.

Market Risk

Risks include interest rate risk, credit risk (default risk of corporate bonds), and liquidity risk.

Ideal Investor Profile

Ideal for investors seeking diversified exposure to investment-grade corporate bonds with a moderate risk tolerance.

Market Risk

Suitable for long-term investors seeking income and diversification, not suitable for active traders looking for quick gains.

The Fidelity Corporate Bond ETF (FCOR) provides a cost-effective way to access the broad U.S. investment-grade corporate bond market. It seeks to track the ICE BofA US Corporate Index, offering diversified exposure to a large number of corporate bonds. FCOR benefits from Fidelity's brand and expertise but lags behind competitors in assets under management and volume. It's a solid choice for long-term investors wanting bond market exposure with low expenses, but careful consideration of AUM and liquidity is encouraged.

Data Sources:

• Fidelity Investments
• ETF.com
• Morningstar
• ICE Data Indices, LLC

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on your own research and risk tolerance. Market data is subject to change.