Fidelity Tactical Bond ETF (FTBD)
ARCA ARCA Primary Summary
FTBD Chart
An Active, Tactical Bond ETF for an Uncertain Environment
Last month saw the Federal Reserve cut interest rates for the second time, with capital markets prognosticating on just how aggressive the central bank will be in 2026. This uncertainty could cause investors to wonder how to extract income in this rate-cutting cycle.
Fidelity Tactical Bond ETF (FTBD) FAQ
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Fidelity Tactical Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is focused on investing a significant portion of its assets, at least 80%, in a diverse range of debt securities, which can include anything from bonds to repurchase agreements for those securities. Its investment strategy is governed by a flexible approach, allowing for asset allocation across the entire spectrum of the debt market. This includes but is not limited to, securities that are considered investment grade, those that are categorized as high yield, and emerging markets debt securities. These investments span various maturities, providing the fund with a broad exposure to the debt market. The fund has a global investment outlook, as it invests in both U.S. dollar-denominated and non-U.S. dollar-denominated securities. To manage the risks associated with foreign currency exposure, the fund employs hedging strategies, primarily utilizing forward foreign currency exchange contracts. This approach aims at buffering the fund's investments from the potential adverse effects of currency fluctuations, making it a comprehensive debt securities investment vehicle.
Products and Services
The fund offers a diversified portfolio of debt securities investment options, designed to cater to investors seeking exposure to both domestic and international debt markets. Below is a detailed listing of the primary products and services provided:
- Investment in Debt Securities: This includes a broad array of bonds and other debt instruments. The fund's substantial investment in debt securities is aimed at generating income for its investors, while also offering the potential for capital appreciation. By investing in a wide range of debt securities, the fund reduces the risk of concentration in any single asset class or market segment.
- Repurchase Agreements: Part of the fund's assets is allocated in repurchase agreements for debt securities. These short-term investments provide the fund with liquidity and income, besides enabling it to efficiently manage its cash flow while being engaged in securities lending activities.
- Asset Allocation across Debt Market Spectrum: The fund's strategy of allocating assets across investment-grade, high yield, and emerging markets debt securities is designed to optimize returns. This diversified approach allows investors to benefit from different interest rate environments and credit markets globally.
- Global Investment in U.S. and Non-U.S. Dollar-Denominated Securities: By investing in both U.S. dollar-denominated and non-U.S. dollar-denominated securities, the fund offers its investors an opportunity to gain exposure to global debt markets. This strategy not only diversifies the fund's investment portfolio but also taps into the growth potential of various economies around the world.
- Foreign Currency Exposure Hedging: To mitigate the risk associated with foreign currency fluctuations, the fund employs hedging strategies, mainly through forward foreign currency exchange contracts. This proactive approach helps in protecting the fund's investments from currency risk, thereby stabilizing potential returns for investors.
