FIGB

Fidelity Investment Grade Bond ETF

$43.51

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Fidelity Investment Grade Bond ETF (FIGB) seeks to provide a high level of current income by investing primarily in a diversified portfolio of investment-grade fixed income securities.

Overview

ETF tracking Fidelity Investment Grade Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2021-03-04

Market Cap $248.0M

Average Volume N/A

Dividend Yield 3.40%

52-Week Range $41.79 - $44.09

VWAP $43.54

Performance

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Investment Summary

📎 Investment Objective

The Fidelity Investment Grade Bond ETF (FIGB) seeks to provide a high level of current income by investing primarily in a diversified portfolio of investment-grade fixed income securities.

🎯 Investment Strategy

The fund invests at least 80% of its assets in investment-grade debt securities, including U.S. government securities, corporate bonds, and mortgage-backed securities. The portfolio managers use active management strategies to select securities and adjust the fund's duration and sector exposures in an effort to outperform the Bloomberg U.S. Aggregate Bond Index.

✨ Key Features

Focuses on investment-grade fixed income securities to generate current income
Actively managed portfolio to potentially outperform the broader bond market
Diversified exposure across government, corporate, and mortgage-backed bonds
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's investments may decline when interest rates rise
Credit risk: The fund is exposed to the risk of issuers defaulting on their debt obligations
Liquidity risk: Some bond investments may be difficult to sell, especially during times of market stress
Reinvestment risk: When interest rates decline, the fund may have to reinvest coupon payments or proceeds from sales of securities at lower rates

👤 Best For

The Fidelity Investment Grade Bond ETF may be suitable for investors seeking a diversified fixed income investment that provides a steady stream of current income, with a focus on investment-grade bonds. It may be appropriate as a core bond holding or as a complement to a broader portfolio.