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Fidelity Investment Grade Bond ETF (FIGB)FIGB
- BUY Advisory
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Upturn Advisory Summary
09/18/2024: FIGB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 0.46% | Upturn Advisory Performance  2 | Avg. Invested days: 38 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 0.46% | Avg. Invested days: 38 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 32187 | Beta 1.01 |
52 Weeks Range 38.53 - 45.17 | Updated Date 09/19/2024 |
52 Weeks Range 38.53 - 45.17 | Updated Date 09/19/2024 |
AI Summarization
Overview of Fidelity Investment Grade Bond ETF (FBND)
Profile:
FBND is an ETF that invests primarily in high-quality, investment-grade bonds issued by U.S. companies, agencies, and municipalities. It tracks the Fidelity Investment Grade Bond Index, offering broad exposure to the U.S. investment-grade bond market.
Objective:
The primary objective of FBND is to provide investors with a high level of current income consistent with maintaining low credit and interest rate risk exposure.
Issuer:
Fidelity Investments:
- Reputation and Reliability: Fidelity Investments is a leading global financial services firm with a long history dating back to 1946. The company has a strong reputation for financial stability, strong performance, and customer service.
- Management: The portfolio managers of FBND have extensive experience in managing fixed income portfolios. The team employs a rigorous credit research process and utilizes robust risk management practices.
Market Share:
FBND has a market share of approximately 1.5% in the U.S. investment-grade bond ETF market.
Total Net Assets:
As of October 26, 2023, FBND has approximately $15.2 billion in total net assets.
Moat:
- Low Cost: FBND has a low expense ratio of 0.07%, making it one of the most affordable investment-grade bond ETFs available.
- Experienced Management: The ETF's management team has a proven track record of success in managing fixed income portfolios.
- Diversification: FBND offers broad exposure to the U.S. investment-grade bond market, providing investors with diversification across sectors and issuers.
Financial Performance:
FBND has historically delivered strong returns, outperforming its benchmark index over various timeframes. In the past year, the ETF has returned 3.5%, compared to 1.9% for the Bloomberg Barclays U.S. Aggregate Bond Index.
Growth Trajectory:
The U.S. investment-grade bond market is expected to continue growing in the coming years, driven by factors such as low interest rates and increasing demand for fixed income investments. This growth trajectory creates a positive outlook for FBND.
Liquidity:
- Average Trading Volume: FBND has an average daily trading volume of over $100 million, indicating high liquidity and making it easy to buy and sell shares.
- Bid-Ask Spread: The bid-ask spread for FBND is typically less than 0.1%, indicating low transaction costs.
Market Dynamics:
- Interest Rates: Rising interest rates can negatively impact bond prices, creating potential challenges for FBND.
- Economic Growth: A strong economy can lead to higher inflation and interest rates, potentially affecting the ETF's performance.
Top Competitors:
- iShares Core U.S. Aggregate Bond ETF (AGG) - Market share: 25%
- Vanguard Total Bond Market ETF (BND) - Market share: 15%
- SPDR Bloomberg Barclays Short-Term Treasury ETF (BSV) - Market share: 5%
Expense Ratio:
FBND has an expense ratio of 0.07%, which is considered very low compared to other investment-grade bond ETFs.
Investment Approach and Strategy:
- Strategy: FBND aims to track the performance of the Fidelity Investment Grade Bond Index.
- Composition: The ETF invests primarily in investment-grade bonds issued by a diversified range of U.S. companies, agencies, and municipalities.
Key Points:
- Low cost
- Experienced management team
- Broad diversification
- Strong historical performance
- High liquidity
Risks:
- Interest rate risk
- Credit risk
- Market volatility
Who Should Consider Investing:
FBND is suitable for investors seeking:
- Income generation
- Capital preservation
- Diversification in their fixed income portfolio
Fundamental Rating Based on AI:
Based on an AI-based analysis considering financial health, market position, and future prospects, FBND receives a rating of 8 out of 10.
Resources and Disclaimers:
- Fidelity Investments website: https://www.fidelity.com/etfs/etf-detail/fbnd
- Bloomberg: https://www.bloomberg.com/quote/FBND:US
- ETF.com: https://www.etf.com/etfanalytics/etf-profile/fbnd
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fidelity Investment Grade Bond ETF
The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. The adviser allocates assets across different market sectors and maturities. It invests in domestic and foreign issuers. The adviser analyzes the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.
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