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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Corporate Bond ETF

FCOR | Active ETF

$46.90

$216 M

4.52%

$2.12

0.36%

Vitals

YTD Return

3.4%

1 yr return

9.3%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

0.8%

Net Assets

$216 M

Holdings in Top 10

14.6%

52 WEEK LOW AND HIGH

$47.0
$44.77
$48.72

Expenses

OPERATING FEES

Expense Ratio 0.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Corporate Bond ETF

FCOR | Active ETF

$46.90

$216 M

4.52%

$2.12

0.36%

FCOR - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.38%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Corporate Bond ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Oct 09, 2014
  • Shares Outstanding
    4000000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Bartlett

Fund Description

Normally investing at least 80% of assets in corporate bonds and other corporate debt securities and repurchase agreements for those securities.Normally investing primarily in investment-grade corporate debt securities and repurchase agreements for those securities.Managing the fund to have similar overall interest rate risk to the Bloomberg U.S. Credit Bond Index.Investing in domestic and foreign issuers.Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.Investing in lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.
Read More

FCOR - Performance

Return Ranking - Trailing

Period FCOR Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -1.4% 7.7% 41.04%
1 Yr 9.3% 3.6% 12.2% 30.06%
3 Yr -1.8%* -7.7% 40.6% 38.37%
5 Yr 0.8%* -7.1% 25.4% 37.50%
10 Yr 2.6%* -0.1% 14.4% 34.31%

* Annualized

Return Ranking - Calendar

Period FCOR Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% -5.6% 6.3% 20.81%
2022 -18.5% -28.7% 142.1% 42.44%
2021 -3.9% -12.3% 4.9% 40.83%
2020 8.0% -8.0% 10.6% 14.55%
2019 11.2% 4.3% 13.4% 20.00%

Total Return Ranking - Trailing

Period FCOR Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -1.4% 7.7% 41.04%
1 Yr 9.3% 3.6% 12.2% 30.06%
3 Yr -1.8%* -7.7% 40.6% 38.37%
5 Yr 0.8%* -7.1% 25.4% 37.50%
10 Yr 2.6%* -0.1% 14.4% 34.31%

* Annualized

Total Return Ranking - Calendar

Period FCOR Return Category Return Low Category Return High Rank in Category (%)
2023 8.9% -5.6% 12.9% 28.32%
2022 -15.9% -25.6% 151.8% 45.35%
2021 -1.6% -5.1% 7.5% 85.80%
2020 11.4% -8.0% 116.0% 30.30%
2019 14.9% 6.7% 17.4% 27.74%

FCOR - Holdings

Concentration Analysis

FCOR Category Low Category High FCOR % Rank
Net Assets 216 M 17.6 M 47.3 B 76.88%
Number of Holdings 455 4 10364 58.96%
Net Assets in Top 10 33 M -29.6 M 3.03 B 75.14%
Weighting of Top 10 14.59% 1.7% 143.7% 39.88%

Top 10 Holdings

  1. UNITED STATES TREASURY BOND 4.25% 02/15/2054 3.80%
  2. Fidelity Cash Central Fund 1.94%
  3. UNITED STATES TREASURY BOND 4.125% 08/15/2053 1.61%
  4. UNITED STATES TREASURY BOND 4.625% 05/15/2054 1.46%
  5. BANK OF AMERICA CORPORATION 4.571%/VAR 04/27/2033 1.08%
  6. JPMORGAN CHASE and CO 5.717%/VAR 09/14/2033 1.04%
  7. CLECO CORPORATE HLDGS LLC 3.743% 05/01/2026 1.00%
  8. PHILIP MORRIS INTL INC 5.75% 11/17/2032 0.94%
  9. DUKE ENERGY CORP NEW 4.5% 08/15/2032 0.88%
  10. ALLY FINL INC 7.1% 11/15/2027 0.85%

Asset Allocation

Weighting Return Low Return High FCOR % Rank
Bonds 		97.00% 0.00% 136.47% 53.18%
Convertible Bonds 		7.71% 0.00% 78.47% 7.51%
Cash 		2.52% -43.80% 45.89% 42.77%
Preferred Stocks 		0.47% 0.00% 9.18% 15.03%
Stocks 		0.00% 0.00% 99.98% 82.66%
Other 		0.00% -4.61% 11.28% 86.71%

Bond Sector Breakdown

Weighting Return Low Return High FCOR % Rank
Corporate 		92.21% 41.80% 99.52% 23.70%
Government 		4.37% 0.00% 25.63% 60.12%
Cash & Equivalents 		1.94% 0.00% 45.89% 38.15%
Securitized 		0.67% 0.00% 23.18% 58.38%
Derivative 		0.00% -2.67% 2.14% 74.57%
Municipal 		0.00% 0.00% 3.37% 91.91%

Bond Geographic Breakdown

Weighting Return Low Return High FCOR % Rank
US 		97.00% 0.00% 110.12% 49.71%
Non US 		0.00% 0.00% 47.05% 86.13%

FCOR - Expenses

Operational Fees

FCOR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.03% 3.33% 80.59%
Management Fee 0.36% 0.00% 1.35% 49.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

FCOR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FCOR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCOR Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 259.00% 14.62%

FCOR - Distributions

Dividend Yield Analysis

FCOR Category Low Category High FCOR % Rank
Dividend Yield 4.52% 0.00% 6.00% 63.58%

Dividend Distribution Analysis

FCOR Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

FCOR Category Low Category High FCOR % Rank
Net Income Ratio 2.38% 0.38% 5.93% 43.27%

Capital Gain Distribution Analysis

FCOR Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

FCOR - Fund Manager Analysis

Managers

Matthew Bartlett

Start Date

Tenure

Tenure Rank

Oct 18, 2016

5.62

5.6%

Matt Bartlett is a portfolio manager in the Fixed Income division at Fidelity Investments. In this role, Mr. Bartlett is a member of the bond division's Credit/Liability Driven Investments Team. Additionally, he manages Fidelity Corporate Bond ETF, Fidelity Series Corporate Bond Fund, Fidelity and Fidelity Advisor Corporate Bond, Global Credit, and Short Duration High Income Funds. Mr. Bartlett earned his bachelor of business administration degree in finance from James Madison University and his master of business administration degree in finance from Loyola University.

Benjamin Tarlow

Start Date

Tenure

Tenure Rank

Dec 30, 2019

2.42

2.4%

Dr. Ben Tarlow is a portfolio manager in the Fixed Income division at Fidelity Investments. In this role, Dr. Tarlow is responsible for long duration, long credit, and custom Liability Driven Investing (LDI) portfolios and oversees the portfolio quantitative risk and drives the team's pension asset/liability risk modeling. Dr. Tarlow earned his bachelor of science degree in quantitative economics from Tufts University, his master of science degree in econometrics from the London School of Economics and Political Science, and his doctorate degree in economics from Columbia University.

Jay Small

Start Date

Tenure

Tenure Rank

Dec 30, 2020

1.42

1.4%

Prior to joining Fidelity Investments in 2010 as a corporate bond trader, Mr. Small worked as a corporate bond trader at 40/86 Advisors (formerly known as Conseco Capital Management, Inc.) from 2007 to 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.81 4.41

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