Fidelity Tactical Bond ETF
FTBD
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Carey Chen
- Full Time Employees
- 723
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Jan 26, 2023
- Website
- fathommfg.com
- Similar Companies
- Business
- Fidelity Tactical Bond ETF (FTBD) is an actively managed exchange-traded fund that seeks a high level of current income, with growth of capital also considered, by normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities; the fund allocates tactically across the full spectrum of the debt market, including U.S. government securities (such as Treasury securities), investment-grade corporate and other debt, lower-quality debt securities (high-yield or junk bonds), investment-grade securitized debt securities, floating rate loans and other floating rate securities, inflation-protected debt securities, hybrid and preferred securities, contingent convertible securities, securities of foreign issuers (including emerging markets debt), collateralized loan obligations, and derivatives such as swaps, options, futures contracts, and forward foreign currency exchange contracts for hedging non-U.S. dollar exposures. Benchmarked to the Bloomberg U.S. Aggregate Bond Index, FTBD employs a team-based investment process leveraging Fidelity's fundamental, macro, and quantitative research to pursue consistent, competitive, risk-adjusted total returns through multiple alpha levers including asset allocation, sector and security selection, yield-curve positioning, and opportunistic trading; as of September 30, 2025, the fund holds approximately 791 securities with portfolio assets of $29.9 million, a weighted average maturity of 10.50 years, effective duration of 6.41 years, and a 30-day SEC yield of 4.73%. Launched on January 24, 2023, and listed on NYSE Arca, FTBD is issued by Fidelity Merrimack Street Trust, a registered open-ended investment company headquartered at 245 Summer Street, Boston, Massachusetts. In recent developments, on October 1, 2024, Brian Day, Celso Munoz, and Stacie Ware assumed co-management responsibilities alongside co-manager Michael Plage (since June 2023) and Benjamin Harrison (since June 2023), enhancing the fund's team-based approach; additionally, on December 31, 2024, longtime Fidelity fixed income professional Jeff Moore retired after 29 years with the firm. The fund maintained steady quarterly distributions amid interest rate adjustments, including a dividend rate reduction in December 2024 that trimmed the annualized yield from $2.39 to $2.29, while delivering year-to-date returns of approximately 3.14% as of May 2025 and a 12-month yield of around 4.6% through August 2025, supported by overweight exposures to high-yield corporate debt, global credit, and structured products like asset-backed and commercial mortgage-backed securities. FTBD operates primarily in U.S. and global fixed income markets, targeting institutional and retail investors seeking multisector bond exposure with a net expense ratio of 0.55%, and remains part of Fidelity Investments' expanding lineup of over 78 ETFs and ETPs managing $109 billion in assets as of March 31, 2025.