- Sector
- Financial Services
- Industry
- Asset Management
- Address
- MA United States of America
- IPO Date
- Apr 21, 2022
- Business
- Fidelity Sustainable Core Plus Bond ETF (FSBD) is an actively managed exchange-traded fund that seeks a high level of current income by investing at least 80% of its assets in debt securities of all types exhibiting positive environmental, social, and governance (ESG) characteristics, as determined by Fidelity Management & Research Company LLC (FMR); investments consist primarily of high-grade debt securities, including U.S. Treasuries, government-related securities, investment-grade corporate bonds, agency mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities, with up to 20% allocated to non-investment-grade (high-yield) debt; the fund employs a team-based investment process focused on asset allocation, sector and security selection, yield-curve positioning, and opportunistic trading, with a primary benchmark of the Bloomberg U.S. Aggregate Bond Index and a secondary benchmark of the Bloomberg MSCI U.S. Aggregate ESG Choice Bond Index.
Launched on April 19, 2022, and headquartered in Smithfield, Rhode Island as part of Fidelity Merrimack Street Trust, FSBD targets institutional and retail investors seeking sustainable fixed-income exposure across domestic and foreign issuers in the broad credit fixed-income segment; as of June 30, 2025, the fund maintained assets under management of approximately $11.8 million, a portfolio duration of 5.97 years, a 30-day SEC yield of 4.85%, and holdings diversified across 519 positions, with key sectors including industrials (53%), financial institutions (17%), and utilities (15%), and top issuers comprising U.S. Treasuries, FNMA/FHLG TBA, and GNMA II.
In a significant recent development announced on October 16, 2025, Fidelity Investments disclosed the liquidation of FSBD alongside four other ETFs (FDHT, FSLD, FSST, and FDWM), with trading ceasing after market close on November 13, 2025, and final liquidation targeted for on or about November 20, 2025, after which portfolios will be positioned into cash equivalents and proceeds distributed pro-rata to remaining shareholders.