Fidelity Total Bond ETF (FBND) is a publicly traded company in the Financial Services sector, operating within the Asset Management - Bonds industry.
FBND has IPO date of 2014-10-09, listed on the NYSE, a market capitalization of $25.16B.
Fidelity Total Bond ETF is a broadly diversified fixed income fund that invests at least 80% of its assets in debt securities of all types, including investment-grade bonds, high-yield bonds, and emerging market debt, along with repurchase agreements for these securities. The fund uses the Bloomberg U.S. Universal Bond Index as a benchmark to guide its asset allocation across these three major bond categories. Up to 20% of the fund's assets may be invested in lower-quality debt securities to enhance diversification. The fund is managed to maintain interest rate risk characteristics similar to its benchmark index.
