Fidelity Sustainable Core Plus Bond ETF (FSBD)

Overview

The Fidelity Sustainable Core Plus Bond ETF (FISD) seeks to provide a high level of current income consistent with prudent investment management, with a focus on sustainable investing. The fund invests primarily in a diversified portfolio of investment-grade and high-yield U.S. dollar-denominated debt securities, while also considering environmental, social, and governance (ESG) factors in its investment process.

Reputation and Reliability

Fidelity is a well-established and reputable asset manager with a long track record of providing investment products and services.

Management Expertise

Fidelity boasts a team of experienced investment professionals dedicated to fixed-income management and sustainable investing.

Goal

To seek a high level of current income consistent with prudent investment management, incorporating sustainable investing principles.

Investment Approach and Strategy

Strategy: The ETF does not track a specific index but employs an active management strategy. It utilizes fundamental research and integrates ESG factors into the investment decision-making process.

Composition The ETF holds a mix of investment-grade and high-yield U.S. dollar-denominated debt securities, including corporate bonds, government bonds, and mortgage-backed securities.

Market Share: Data unavailable. Market share information requires real-time data that cannot be accessed.

Total Net Assets (AUM): 114000000

Key Competitors

• iShares ESG Aware USD Corporate Bond ETF (SUSC)
• Vanguard ESG U.S. Corporate Bond ETF (VCEB)
• Xtrackers USD High Yield Corporate Bond ETF (HYLB)

Competitive Landscape

The ETF industry is highly competitive. FISD differentiates itself through its specific focus on sustainability and ESG integration within a core plus bond strategy. Advantages may include access to Fidelity's research capabilities, while disadvantages may involve potentially higher management fees or underperformance relative to passively managed ESG bond ETFs. It's a smaller ETF compared to HYLB, SUSC, or VCEB.

Historical Performance: Historical performance data unavailable. Accessing historical performance requires real-time data which is outside the scope of this tool. Check public sources for this information.

Benchmark Comparison: Benchmark comparison data unavailable. This requires real-time data access.

Expense Ratio: 0.36

Average Trading Volume

The average trading volume of FISD suggests moderate liquidity, allowing investors to buy and sell shares without significant price impact under normal market conditions.

Bid-Ask Spread

The bid-ask spread of FISD is generally tight, indicating lower transaction costs for investors.

Market Environment Factors

Economic indicators such as interest rates, inflation, and economic growth significantly affect FISD's performance. Sector growth prospects in various segments of the bond market and current market conditions, including credit spreads and volatility, also play crucial roles.

Growth Trajectory

Growth trends depend on investor demand for sustainable investment products and Fidelity's ability to deliver competitive performance. Changes to strategy and holdings are at the discretion of the fund manager.

Competitive Edge

FISD's competitive edge lies in its combination of core plus bond exposure with a dedicated focus on sustainable investing. Fidelity's established brand and research capabilities further support the fund's value proposition. Its active management approach allows for dynamic adjustments to the portfolio based on ESG considerations and market opportunities. The fund's focus on both investment-grade and high-yield bonds provides diversification and potential for higher returns. However, its success hinges on effectively integrating ESG factors without sacrificing performance.

Volatility

Volatility data for FISD needs real-time analysis and can be found via charting tools.

Market Risk

Specific risks include interest rate risk, credit risk (particularly in the high-yield portion of the portfolio), and the potential for ESG integration to limit investment opportunities or negatively impact performance relative to non-ESG focused bond funds.

Ideal Investor Profile

The ideal investor is one seeking current income with a preference for sustainable investments. They should be comfortable with moderate interest rate and credit risk.

Market Risk

FISD is suitable for long-term investors seeking income and who value ESG principles. It may also appeal to those incorporating sustainable strategies into their portfolios.

The Fidelity Sustainable Core Plus Bond ETF (FISD) aims to provide income and incorporate sustainability into fixed income investing. It invests in both investment-grade and high-yield bonds. As an actively managed ETF, FISD does not track a specific index, and performance is dependent on Fidelity's investment team and the fund's expense ratio. The ETF is suitable for investors who prioritize ESG principles and are comfortable with moderate risk and long-term investing, though it has small market share and AUM compared to larger competitors. Its success relies on strong performance and continuing demand for sustainable investment products.

Data Sources:

• Fidelity Investments Website
• ETF.com
• Morningstar

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share data may not be precise and is subject to change. Investment decisions should be based on individual circumstances and after consulting with a qualified financial advisor.