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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FBND: Historical Outperformance Set To Continue