FBND - FBND: Historical Outperformance Set To Continue

2024-02-06 04:09:49 ET

Summary

• The Fidelity Total Bond ETF has delivered solid outperformance since on an inception-to-date basis.
• FBND has a reasonable expense ratio of 0.36%, which is roughly in line with other products in the same investment category.
• The fund has exhibited strong historical risk-adjusted performance relative to its benchmark.
• Key positioning rate now includes overweight exposure to higher-yielding securities and securitized assets.
• I rate FBND a Buy.

In a world in which many actively managed products have failed to beat their benchmarks, the Fidelity Total Bond ETF ( FBND ) stands out for its strong historical performance vs its benchmark....

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