ONEQ - Fidelity Corporate Bond ETF Q1 2025 Review
2025-05-07 00:30:00 ET
Summary
- Fidelity Corporate Bond ETF is a credit-focused bond strategy that seeks a high level of current income.
- All major fixed-income categories advanced in Q1, with U.S. Treasurys and mortgage-backed securities outperforming higher-risk segments such as U.S. investment-grade corporate bonds and asset-backed securities.
- From a supply/demand standpoint, dynamics have been favorable for some time.
- We're planning to keep the fund's overall credit risk in check, while focusing on security selection as we try to outperform the benchmark.
Investment Approach
- Fidelity® Corporate Bond ETF is a credit-focused bond strategy that seeks a high level of current income.
- Benchmarked against the Bloomberg U.S. Credit Bond Index, the fund seeks to deliver competitive risk-adjusted performance commensurate with investor expectations of a primarily investment-grade corporate bond fund.
- Utilizing a team-based investment process, the fund relies on experienced portfolio managers, research analysts and traders. We concentrate on areas where we believe we can repeatedly add value, including security selection, industry allocation and opportunistic trading.
- Robust governance and risk management – consisting of extensive quantitative modeling, formal and informal portfolio reviews, and proprietary tools – support the identification of both opportunities and risks.