FTBD | Fidelity Tactical Bond ETF

FTBD ISSUER

FTBD, the Fidelity Group of Funds, adheres to a robust investment strategy focused on debt securities and repurchase agreements, with at least 80% of assets allocated to such instruments. Spanning the breadth of the debt market, FTBD strategically diversifies its portfolio across various debt types, including investment-grade, high yield, and emerging markets securities, with varying maturities. Its investments encompass a wide range of assets, from U.S. government securities and investment-grade corporate debt to lower-quality debt securities and securitized debt. Moreover, FTBD ventures into floating rate loans, inflation-protected securities, hybrid instruments, and securities of foreign issuers, including those in emerging markets. Notably, the fund invests in both U.S. dollar-denominated and non-U.S. dollar-denominated securities, while prudently managing foreign currency exposures through hedging strategies. Additionally, FTBD incorporates collateralized loan obligations into its investment approach and meticulously evaluates issuer credit quality, security-specific attributes, and trading opportunities to inform its investment decisions. The fund also engages in leveraging transactions, utilizing derivatives such as swaps, options, and futures contracts to adjust risk exposure effectively, ensuring a balanced and optimized investment portfolio.

FTBD DIVIDEND

FTBD Dividend, an offering within the Fidelity Group of Funds, is designed with a focus on delivering income to investors through dividend-oriented strategies. Leveraging a disciplined investment approach, FTBD Dividend typically allocates its assets across a diverse array of dividend-paying securities, including stocks and bonds. The fund's investment strategy aims to identify companies with a track record of consistent dividend payouts or those exhibiting strong potential for dividend growth. By targeting dividend-yielding assets across various sectors and geographies, FTBD Dividend seeks to provide investors with a steady stream of income while also potentially benefiting from capital appreciation over the long term. Additionally, the fund may utilize derivatives and other financial instruments to enhance income generation and manage risk effectively. Through rigorous analysis and prudent portfolio management, FTBD Dividend strives to deliver attractive total returns while prioritizing income generation for investors seeking stable dividend income in their investment portfolios.

FTBD TRACKING

FTBD Tracking, a component of the Fidelity Group of Funds, is crafted with a primary objective of closely mirroring the performance of a specified benchmark index. Employing a passive investment strategy, FTBD Tracking invests its assets in a diversified portfolio of securities that closely replicate the composition and weighting of the designated benchmark. By tracking the benchmark index, such as a broad market bond index or a specific sector index, the fund aims to provide investors with returns that closely align with the benchmark's performance. FTBD Tracking typically maintains a high degree of correlation with the benchmark by holding a representative selection of securities in similar proportions to those found within the index. Through low-cost management and minimal portfolio turnover, FTBD Tracking offers investors a cost-effective way to gain exposure to a particular market segment or asset class, making it an attractive option for those seeking to passively invest in fixed income securities while aiming to match the returns of the chosen benchmark index.

FTBD CORRELATION

FTBD Correlation, an integral part of the Fidelity Group of Funds, is strategically designed to manage correlation risk and enhance portfolio diversification. Recognizing the importance of mitigating correlation risk within investment portfolios, FTBD Correlation employs sophisticated strategies to identify assets that exhibit low correlation with each other, thereby reducing the overall volatility and enhancing risk-adjusted returns. Through dynamic asset allocation and rigorous quantitative analysis, the fund seeks to construct a portfolio comprising assets that have historically shown low correlation with each other, even during times of market stress or economic downturns. By integrating assets with different return drivers and market sensitivities, FTBD Correlation aims to provide investors with a more resilient and stable investment solution that can potentially generate consistent returns across various market conditions. This approach allows investors to better navigate market volatility and achieve greater diversification benefits within their overall investment portfolios.

FTBD SECTOR

FTBD Sector, a key offering within the Fidelity Group of Funds, specializes in navigating the intricacies of sector-specific investments to capitalize on opportunities within targeted segments of the market. Leveraging in-depth sector analysis and research-driven insights, FTBD Sector strategically allocates its assets across different sectors of the economy, aiming to identify areas poised for growth or those exhibiting favorable fundamental trends. With a focus on understanding the unique dynamics and drivers of individual sectors, the fund seeks to construct a diversified portfolio that captures the potential upside while mitigating risks inherent to specific industries. Whether investing in technology, healthcare, consumer discretionary, or other sectors, FTBD Sector employs a disciplined approach to sector selection, actively adjusting its portfolio allocation based on changing market conditions and sector outlooks. By maintaining a keen focus on sector-specific opportunities and risks, the fund aims to deliver attractive returns to investors while effectively managing sector-related volatility and enhancing portfolio diversification.

FTBD EXPOSURE

FTBD Exposure, an integral component of the Fidelity Group of Funds, is meticulously crafted to provide investors with targeted exposure to specific asset classes, regions, or investment themes. With a keen focus on meeting the diverse needs and preferences of investors, FTBD Exposure strategically allocates its assets to capture opportunities in areas such as equities, fixed income, commodities, or alternative investments. Whether seeking exposure to emerging markets, sustainable investing themes, or specific sectors, the fund utilizes a combination of fundamental analysis, quantitative modeling, and risk management techniques to construct portfolios that align with investors' objectives. By offering tailored exposure to various investment opportunities, FTBD Exposure aims to enhance portfolio diversification, potentially generate attractive risk-adjusted returns, and provide investors with the flexibility to customize their investment allocations according to their unique investment goals and preferences.